Taxes Based on Income (Tables)

6 Months Ended

Jul. 03, 2021

Taxes Based on Income

Summary of income before taxes, Provision for (benefit from) income taxes, and effective tax rate from continuing operations

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

	Three Months Ended						Six Months Ended
(Dollars in millions)	July 3, 2021			June 27, 2020			July 3, 2021			June 27, 2020
Income before taxes	$	255.3		$	103.3		$	524.2		$	284.2
Provision for (benefit from) income taxes		70.4			22.2			128.5			68.5
Effective tax rate		27.6	%		21.5	%		24.5	%		24.1	%