Net Income Per Common Share (Tables)

6 Months Ended

Jul. 01, 2023

Earnings Per Share [Abstract]

Schedule of net income per common share

Net income per common share was computed as follows:

	Three Months Ended				Six Months Ended
(In millions, except per share amounts)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
(A)Net income	$	100.4	$	214.5	$	221.6	$	412.7
(B)Weighted average number of common shares outstanding	80.7		81.7		80.8		82.0
Dilutive shares (additional common shares issuable under stock-based awards)	.3		.4		.4		.6
(C) Weighted average number of common shares outstanding, assuming dilution	81.0		82.1		81.2		82.6
Net income per common share: (A) ÷ (B)	$	1.24	$	2.63	$	2.74	$	5.03
Net income per common share, assuming dilution: (A) ÷ (C)	$	1.24	$	2.61	$	2.73	$	5.00