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EARNINGS PER SHARE (Tables)

6 Months Ended

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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- 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
-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

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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

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