Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of net income per common share

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