Net Income Per Common Share (Tables)

6 Months Ended

Jul. 03, 2021

Earnings Per Share [Abstract]

Schedule of net income per common share

Net income per common share was computed as follows:

	Three Months Ended				Six Months Ended
(In millions, except per share amounts)	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
(A)  Net income	$	183.8	$	79.7	$	393.3	$	213.9
(B)  Weighted average number of common shares outstanding		83.0		83.4		83.0		83.4
Dilutive shares (additional common shares issuable under stock-based awards)		.8		.4		.9		.5
(C)  Weighted average number of common shares outstanding, assuming dilution		83.8		83.8		83.9		83.9
Net income per common share: (A) ÷ (B)	$	2.21	$	.96	$	4.74	$	2.56
Net income per common share, assuming dilution: (A) ÷ (C)	$	2.19	$	.95	$	4.69	$	2.55