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NET INCOME PER COMMON SHARE
12 Months Ended
Dec. 30, 2023
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE NET INCOME PER COMMON SHARE
Net income per common share was computed as follows:
(In millions, except per share amounts)202320222021
(A) Net income$503.0 $757.1 $740.1 
(B) Weighted average number of common shares outstanding80.7 81.6 82.9 
Dilutive shares (additional common shares issuable under stock-based awards).4 .6 .9 
(C) Weighted average number of common shares outstanding, assuming dilution81.1 82.2 83.8 
Net income per common share (A) ÷ (B)$6.23 $9.28 $8.93 
Net income per common share, assuming dilution (A) ÷ (C)$6.20 $9.21 $8.83 
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 totaled 0.1 million shares for 2023 and were not significant in 2022 or 2021.