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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 27, 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:
| Third Quarter of |  | First Three Quarters of
| 2024 |  | 2023 |  | 2024 |  | 2023
(In millions, except per share amounts) |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 40.6 |  |  | $ | 74.9 |  |  | $ | 1,414.2 |  |  | $ | 248.3 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding - basic | 245.6 |  |  | 248.6 |  |  | 245.4 |  |  | 248.0 |
Effect of dilutive securities | 1.3 |  |  | 1.1 |  |  | 1.5 |  |  | 1.1 |
Weighted-average shares of common stock outstanding - diluted | 246.9 |  |  | 249.7 |  |  | 246.9 |  |  | 249.1 |
Basic earnings per share | $ | 0.17 |  |  | $ | 0.30 |  |  | $ | 5.76 |  |  | $ | 1.00 |
Diluted earnings per share | $ | 0.16 |  |  | $ | 0.30 |  |  | $ | 5.73 |  |  | $ | 1.00 |
Antidilutive weighted-average shares (1) | 1.8 |  |  | 1.3 |  |  | 1.8 |  |  | 1.7 |
(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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