QUARTERLY FINANCIAL INFORMATION (Unaudited) (Tables)

12 Months Ended

Dec. 29, 2018

QUARTERLY FINANCIAL INFORMATION (Unaudited)

Quarterly financial information

(In millions, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2018
Net sales	$	1,776.4	$	1,854.2	$	1,759.7	$	1,768.7
Gross profit		483.4		501.4		459.2		471.5
Net income		125.2		95.6		149.5		97.1
Net income per common share		1.42		1.09		1.71		1.13
Net income per common share, assuming dilution		1.40		1.07		1.69		1.11
2017
Net sales	$	1,572.1	$	1,626.9	$	1,679.5	$	1,735.3
Gross profit		442.4		452.6		451.6		465.6
Net income (loss)(1)		112.2		120.9		108.3		(59.6	)
Net income (loss) per common share		1.27		1.37		1.23		(.68	)
Net income (loss) per common share, assuming dilution		1.25		1.34		1.20		(.66	)

(1) During the fourth quarter of 2017, we recognized a net tax charge of $172 million as a result of the TCJA.

Summary of other expense, net by type for each quarter

(In millions)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2018
Restructuring charges:
Severance and related costs, net of reversals	$	4.3		$	58.8		$	(7.1	)	$	7.0
Asset impairment charges and lease cancellation costs		8.4			.6			.7			1.0
Other items:
Argentine peso remeasurement transition loss		–			–			3.4			–
Other restructuring-related charge		.5			–			–			–
Reversal of acquisition-related contingent consideration		–			–			–			(5.0	)
Net gain on sales of assets		(.4	)		(2.3	)		–			–
Other expense (income), net	$	12.8		$	57.1		$	(3.0	)	$	3.0
2017
Restructuring charges:
Severance and related costs	$	5.7		$	7.3		$	8.7		$	9.5
Asset impairment charges and lease cancellation costs		–			.3			1.8			.1
Other items:
Net gain on sales of assets		–			–			–			(2.1	)
Transaction costs		.8			2.6			.3			1.5
Other expense, net	$	6.5		$	10.2		$	10.8		$	9.0