Net Income Per Common Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Net income per common share was computed as follows:

	Three Months Ended
(In millions, except per share amounts)	March 31, 2026		March 29, 2025
(A)Net income	$	168.1	$	166.3
(B)Weighted average number of common shares outstanding	76.8		79.2
Dilutive shares (additional common shares issuable under stock-based awards)	.2		.2
(C) Weighted average number of common shares outstanding, assuming dilution	77.0		79.4
Net income per common share: (A) ÷ (B)	$	2.19	$	2.10
Net income per common share, assuming dilution: (A) ÷ (C)	$	2.18	$	2.09

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 both the three months ended March 31, 2026 and March 29, 2025.