Taxes Based on Income (Tables)

6 Months Ended

Jun. 29, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Taxes, Provision for Income Taxes, and Effective Tax Rate

The following table summarizes our income before taxes, provision for income taxes, and effective tax rate:

	Three Months Ended						Six Months Ended
(Dollars in millions)	June 29, 2024			July 1, 2023			June 29, 2024			July 1, 2023
Income before taxes	$	238.4		$	140.2		$	472.8		$	308.5
Provision for income taxes	61.6			39.8			123.6			86.9
Effective tax rate	25.8		%	28.4		%	26.1		%	28.2		%