Earnings (Loss) Per Share (Tables)

9 Months Ended

Oct. 02, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Earnings (Loss) Per Share and Effect on Weighted-Average Number of Shares

The following table shows the computation of basic and diluted earnings (loss) per share:

	Third Quarter of				First Three Quarters of
	2026		2025		2026		2025
(In millions, except per share amounts)
Numerator:
Net income (loss)	$	59.1	$	111.5	$	(313.7)	$	267.4
Denominator:
Weighted-average shares of common stock outstanding - basic	232.4		238.2		233.3		239.9
Effect of dilutive securities	0.8		2.2		—		2.1
Weighted-average shares of common stock outstanding - diluted	233.2		240.4		233.3		242.0
Net earnings (loss) per share
Basic	$	0.25	$	0.47	$	(1.34)	$	1.11
Diluted	$	0.25	$	0.46	$	(1.34)	$	1.10
Antidilutive shares (1)	2.5		0.5		3.4		0.5

(1)    Antidilutive stock-based awards are excluded from the weighted-average shares used to calculate diluted earnings (loss) per share because of their antidilutive impact.