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Net Income Per Common Share
6 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
Net income per common share was computed as follows:
Three Months EndedSix Months Ended
(In millions, except per share amounts)July 2, 2022July 3, 2021July 2, 2022July 3, 2021
(A)Net income
$214.5 $183.8 $412.7 $393.3 
(B)Weighted average number of common shares outstanding
81.7 83.0 82.0 83.0 
Dilutive shares (additional common shares issuable under stock-based awards)
.4 .8 .6 .9 
(C) Weighted average number of common shares outstanding, assuming dilution
82.1 83.8 82.6 83.9 
Net income per common share: (A) ÷ (B)$2.63 $2.21 $5.03 $4.74 
Net income per common share, assuming dilution: (A) ÷ (C)$2.61 $2.19 $5.00 $4.69 
Certain stock-based compensation awards were not included in the computation of net income per common share, assuming dilution, because they would not have had a dilutive effect. Stock-based compensation awards excluded from the computation were not significant for the three or six months ended July 2, 2022 or July 3, 2021.