Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 02, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the Company’s basic and diluted earnings (loss) per share:

	Three Months Ended
	March 2, 2025		February 25, 2024
	(Dollars in millions, except per share amounts)
Numerator:
Net income (loss) from continuing operations	$	140.2	$	(9.8)
Net income (loss) from discontinued operations, net of taxes	(5.2)		(0.8)
Net income (loss)	$	135.0	$	(10.6)
Denominator:
Weighted-average common shares outstanding - basic	396,576,662		398,941,172
Dilutive effect of stock awards	3,469,720		—
Weighted-average common shares outstanding - diluted	400,046,382		398,941,172
Earnings (loss) per common share:
Continuing operations - Basic	$	0.35	$	(0.03)
Discontinued operations - Basic	(0.01)		—
Net income (loss) - Basic	$	0.34	$	(0.03)
Continuing operations - Diluted	$	0.35	$	(0.03)
Discontinued operations - Diluted	(0.01)		—
Net income (loss) - Diluted	$	0.34	$	(0.03)
Anti-dilutive securities excluded from calculation of diluted earnings (loss) per share	3,911,185		—