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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 29, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Earnings Per Share and Effect on Weighted-Average Number of Shares | The following table shows the computation of basic and diluted earnings per share:
| First Quarter of |  |
| 2024 |  | 2023 |  |  |  |
(In millions, except per share amounts) |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 57.2 |  |  | $ | 128.8 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding - basic | 245.5 |  |  | 247.2 |  |  |  |  |
Effect of dilutive securities | 1.9 |  |  | 1.5 |  |  |  |  |
Weighted-average shares of common stock outstanding - diluted | 247.4 |  |  | 248.7 |  |  |  |  |
Basic earnings per share | $ | 0.23 |  |  | $ | 0.52 |  |  |  |  |
Diluted earnings per share | $ | 0.23 |  |  | $ | 0.52 |  |  |  |  |
Antidilutive weighted-average shares (1) | 0.8 |  |  | 1.6 |  |  |  |  |
(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 Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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