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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]        
Net sales $ 2,090.5 $ 2,347.0 $ 4,155.5 $ 4,696.3
Cost of products sold 1,537.1 1,703.5 3,059.8 3,411.5
Gross profit 553.4 643.5 1,095.7 1,284.8
Marketing, general and administrative expense 319.6 332.7 654.0 687.7
Other expense (income), net 68.3 3.4 86.1 1.8
Interest expense 31.9 20.8 58.3 40.4
Other non-operating expense (income), net (6.6) (1.3) (11.2) (2.7)
Income before taxes 140.2 287.9 308.5 557.6
Provision for income taxes 39.8 73.4 86.9 144.9
Net income $ 100.4 $ 214.5 $ 221.6 $ 412.7
Per share amounts:        
Net income per common share (in dollars per share) $ 1.24 $ 2.63 $ 2.74 $ 5.03
Net income per common share, assuming dilution (in dollars per share) $ 1.24 $ 2.61 $ 2.73 $ 5.00
Weighted average number of shares outstanding:        
Common shares (in shares) 80.7 81.7 80.8 82.0
Common shares, assuming dilution (in shares) 81.0 82.1 81.2 82.6