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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 28, 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:
| Second Quarter of |  | First Two Quarters of
| 2024 |  | 2023 |  | 2024 |  | 2023
(In millions, except per share amounts) |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 1,316.4 |  |  | $ | 44.6 |  |  | $ | 1,373.6 |  |  | $ | 173.4 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding - basic | 245.1 |  |  | 248.1 |  |  | 245.3 |  |  | 247.7 |
Effect of dilutive securities | 1.3 |  |  | 0.9 |  |  | 1.6 |  |  | 1.2 |
Weighted-average shares of common stock outstanding - diluted | 246.4 |  |  | 249.0 |  |  | 246.9 |  |  | 248.9 |
Basic earnings per share | $ | 5.37 |  |  | $ | 0.18 |  |  | $ | 5.60 |  |  | $ | 0.70 |
Diluted earnings per share | $ | 5.34 |  |  | $ | 0.18 |  |  | $ | 5.56 |  |  | $ | 0.70 |
Antidilutive weighted-average shares (1) | 2.2 |  |  | 3.8 |  |  | 1.5 |  |  | 1.9 |
(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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