Net Income Per Common Share

9 Months Ended

Sep. 30, 2023

Net income per common share was computed as follows:


	Three Months Ended				Nine Months Ended
(In millions, except per share amounts)	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
(A)Net income	$	138.3	$	221.5	$	359.9	$	634.2
(B)Weighted average number of common shares outstanding	80.6		81.2		80.7		81.8
Dilutive shares (additional common shares issuable under stock-based awards)	.4		.7		.5		.6
(C) Weighted average number of common shares outstanding, assuming dilution	81.0		81.9		81.2		82.4
Net income per common share: (A) ÷ (B)	$	1.72	$	2.73	$	4.46	$	7.75
Net income per common share, assuming dilution: (A) ÷ (C)	$	1.71	$	2.70	$	4.43	$	7.70

Certain stock-based compensation awards were excluded from the computation of net income per common share, assuming dilution, because they would not have had a dilutive effect. Stock-based compensation awards excluded from the computation were not significant for the three months ended September 30, 2023 or October 1, 2022. Stock-based compensation awards excluded from the computation totaled 0.1 million shares for the nine months ended September 30, 2023 and were not significant for the nine months ended October 1, 2022.