Taxes Based on Income (Tables)

6 Months Ended

Jul. 01, 2023

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 1, 2023			July 2, 2022			July 1, 2023			July 2, 2022
Income before taxes	$	140.2		$	287.9		$	308.5		$	557.6
Provision for income taxes	39.8			73.4			86.9			144.9
Effective tax rate	28.4		%	25.5		%	28.2		%	26.0		%