Taxes Based on Income (Tables)

6 Months Ended

Jul. 02, 2022

Income Tax Disclosure [Abstract]

Summary of income before taxes, provision for (benefit from) income taxes, and effective tax rate from continuing operations

The following table summarizes our income before taxes, provision for income taxes, and effective tax rate:

	Three Months Ended						Six Months Ended
(Dollars in millions)	July 2, 2022			July 3, 2021			July 2, 2022			July 3, 2021
Income before taxes	$	287.9		$	255.3		$	557.6		$	524.2
Provision for income taxes	73.4			70.4			144.9			128.5
Effective tax rate	25.5		%	27.6		%	26.0		%	24.5		%