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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]        
Net sales $ 2,317.1 $ 2,071.8 $ 7,013.4 $ 6,225.1
Cost of products sold 1,697.9 1,517.4 5,109.4 4,497.4
Gross profit 619.2 554.4 1,904.0 1,727.7
Marketing, general and administrative expense 330.8 296.9 1,018.5 916.2
Other expense (income), net (3.9) 16.0 (2.1) 16.3
Interest expense 21.2 18.0 61.6 50.2
Other non-operating expense (income), net (1.4) (0.9) (4.1) (3.6)
Income before taxes 272.5 224.4 830.1 748.6
Provision for income taxes 51.0 59.2 195.9 187.7
Equity method investment (losses) gains 0.0 (1.1) 0.0 (3.5)
Net income $ 221.5 $ 164.1 $ 634.2 $ 557.4
Earnings Per Share [Abstract]        
Net income per common share (in dollars per share) $ 2.73 $ 1.98 $ 7.75 $ 6.72
Net income per common share, assuming dilution (in dollars per share) $ 2.70 $ 1.96 $ 7.70 $ 6.64
Weighted average number of shares outstanding:        
Common shares (in shares) 81.2 82.9 81.8 83.0
Common shares, assuming dilution (in shares) 81.9 83.7 82.4 83.9