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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jul. 01, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | The following table reconciles net earnings (loss) attributable to common shareowners and the weighted-average shares outstanding used to calculate basic and diluted earnings (loss) per share for the three and six months ended July 1, 2023 and July 2, 2022:
| Second Quarter |  | Year-to-Date
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator (in millions): |  |  |  |  |  |  |
Net Earnings (Loss) from Continuing Operations Attributable to Common Shareowners | $ | 177.5 |  |  | $ | 78.6 |  |  | $ | (10.3) |  |  | $ | 234.1 |
Add: Contract adjustment payments accretion | — |  |  | 0.4 |  |  | — |  |  | 0.7 |
Net Earnings (Loss) from Continuing Operations Attributable to Common Shareowners - Diluted | $ | 177.5 |  |  | $ | 79.0 |  |  | $ | (10.3) |  |  | $ | 234.8 |
Net (loss) earnings from discontinued operations | (0.5) |  |  | 9.0 |  |  | (0.5) |  |  | 28.8 |
Net Earnings (Loss) Attributable to Common Shareowners - Diluted | $ | 177.0 |  |  | $ | 88.0 |  |  | $ | (10.8) |  |  | $ | 263.6 |
| Second Quarter |  | Year-to-Date
| 2023 |  | 2022 |  | 2023 |  | 2022
Denominator (in thousands): |  |  |  |  |  |  |
Basic weighted-average shares outstanding | 149,687 |  |  | 145,353 |  |  | 149,631 |  |  | 150,385 |
Dilutive effect of stock contracts and awards | 540 |  |  | 9,461 |  |  | — |  |  | 9,742 |
Diluted weighted-average shares outstanding | 150,227 |  |  | 154,814 |  |  | 149,631 |  |  | 160,127 |
| Second Quarter |  | Year-to-Date
| 2023 |  | 2022 |  | 2023 |  | 2022
Earnings (loss) per share of common stock: |  |  |  |  |  |  |
Basic earnings (loss) per share of common stock: |  |  |  |  |  |  |
Continuing operations | $ | 1.19 |  |  | $ | 0.54 |  |  | $ | (0.07) |  |  | $ | 1.56 |
Discontinued operations | $ | — |  |  | $ | 0.06 |  |  | $ | — |  |  | $ | 0.19 |
Total basic earnings (loss) per share of common stock | $ | 1.18 |  |  | $ | 0.60 |  |  | $ | (0.07) |  |  | $ | 1.75 |
Diluted earnings (loss) per share of common stock: |  |  |  |  |  |  |
Continuing operations | $ | 1.18 |  |  | $ | 0.51 |  |  | $ | (0.07) |  |  | $ | 1.47 |
Discontinued operations | $ | — |  |  | $ | 0.06 |  |  | $ | — |  |  | $ | 0.18 |
Total dilutive earnings (loss) per share of common stock | $ | 1.18 |  |  | $ | 0.57 |  |  | $ | (0.07) |  |  | $ | 1.65 |
Schedule of Antidilutive Securities Excluded From Computation of Earnings | 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
| 2023 |  | 2022 |  | 2023 |  | 2022
Number of stock options | 5,857 |  |  | 4,166 |  |  | 5,796 |  |  | 3,356 |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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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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