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Taxes Based on Income (Tables) | 6 Months Ended
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Jul. 01, 2023
Income Tax Disclosure [Abstract] |
Summary of income before taxes, provision for (benefit from) income taxes, and effective tax rate from continuing operations | The following table summarizes our income before taxes, provision for income taxes, and effective tax rate:
| Three Months Ended |  | Six Months Ended
(Dollars in millions) | July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Income before taxes | $ | 140.2 |  |  | $ | 287.9 |  |  | $ | 308.5 |  |  | $ | 557.6 |
Provision for income taxes | 39.8 |  |  | 73.4 |  |  | 86.9 |  |  | 144.9 |
Effective tax rate | 28.4 | % |  | 25.5 | % |  | 28.2 | % |  | 26.0 | %

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