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Earnings Per Share | 9 Months Ended
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Sep. 29, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 11. EARNINGS PER SHARE Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period plus additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, restricted stock units, contingently issuable stock, and stock to be purchased under our employee stock purchase plan. The following table shows the computation of basic and diluted earnings per share:
| Third Quarter of |  | First Three Quarters of
| 2023 |  | 2022 |  | 2023 |  | 2022
(In millions, except per share amounts) |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 74.9 |  |  | $ | 85.8 |  |  | $ | 248.3 |  |  | $ | 364.1 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares used in basic earnings per share | 248.6 |  |  | 247.5 |  |  | 248.0 |  |  | 249.1 |
Effect of dilutive securities | 1.1 |  |  | 1.4 |  |  | 1.1 |  |  | 1.7 |
Weighted-average number of common shares and dilutive potential common shares used in diluted earnings per share | 249.7 |  |  | 248.9 |  |  | 249.1 |  |  | 250.8 |
Basic earnings per share | $ | 0.30 |  |  | $ | 0.35 |  |  | $ | 1.00 |  |  | $ | 1.46 |
Diluted earnings per share | $ | 0.30 |  |  | $ | 0.34 |  |  | $ | 1.00 |  |  | $ | 1.45 |
Antidilutive weighted-average shares (1) | 1.3 |  |  | 1.7 |  |  | 1.7 |  |  | 1.5 |
(1) Antidilutive stock-based awards are excluded from the calculation of diluted shares and diluted earnings per share because their impact would increase diluted earnings per share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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