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EARNINGS PER SHARE (Tables)

6 Months Ended

Jul. 03, 2021

Earnings Per Share [Abstract]

Reconciliation of Net Earnings Attributable to Common Shareowners and Weighted-Average Shares Outstanding

The following table reconciles net earnings attributable to common shareowners and the weighted-average shares outstanding used to calculate basic and diluted earnings per share for the three and six months ended July 3, 2021 and June 27, 2020:

			Second Quarter												Year-to-Date
			2021						2020						2021						2020
Numerator (in millions):
Net Earnings Attributable to Common Shareowners			$	454.7					$	233.7					$	932.7					$	366.9
Denominator (in thousands):
Basic weighted-average shares outstanding			158,644						153,330						158,081						152,011
Dilutive effect of stock contracts and awards			2,927						824						2,780						1,279
Diluted weighted-average shares outstanding			161,571						154,154						160,861						153,290
Earnings per share of common stock:
Basic			$	2.87					$	1.52					$	5.90					$	2.41
Diluted			$	2.81					$	1.52					$	5.80					$	2.39

Weighted-Average Stock Options and Warrants Outstanding Not included in Computation of Diluted Shares Outstanding

The following weighted-average stock options were not included in the computation of weighted-average diluted shares outstanding because the effect would be anti-dilutive (in thousands):

			Second Quarter												Year-to-Date
			2021						2020						2021						2020
Number of stock options			706						3,837						901						3,390

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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