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Net Income Per Common Share (Tables) | 6 Months Ended
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Jun. 29, 2024
Earnings Per Share [Abstract] |
Schedule of Net Income Per Common Share | Net income per common share was computed as follows:
| Three Months Ended |  | Six Months Ended
(In millions, except per share amounts) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
(A)Net income | $ | 176.8 |  |  | $ | 100.4 |  |  | $ | 349.2 |  |  | $ | 221.6 |
(B)Weighted average number of common shares outstanding | 80.6 |  |  | 80.7 |  |  | 80.5 |  |  | 80.8 |
Dilutive shares (additional common shares issuable under stock-based awards) | .4 |  |  | .3 |  |  | .5 |  |  | .4 |
(C)Weighted average number of common shares outstanding, assuming dilution | 81.0 |  |  | 81.0 |  |  | 81.0 |  |  | 81.2 |
Net income per common share: (A) ÷ (B) | $ | 2.19 |  |  | $ | 1.24 |  |  | $ | 4.34 |  |  | $ | 2.74 |
Net income per common share, assuming dilution: (A) ÷ (C) | $ | 2.18 |  |  | $ | 1.24 |  |  | $ | 4.31 |  |  | $ | 2.73 |

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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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