Earnings per share

6 Months Ended

Jun. 28, 2025

Basic earnings per share represents net income attributable to shareholders divided by the weighted average number of shares outstanding during the period. Diluted earnings per share considers the dilutive effect of potential shares, unless the inclusion of the potential shares would have an anti-dilutive effect. The treasury stock method is used to determine the potential dilutive shares resulting from assumed exercises of equity-related instruments.

The computation of earnings per share is presented below:


	Three months ended				Six months ended
(dollars in millions, except share numbers and per share amounts)	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Net income attributable to shareholders	$	56.5	$	70.7	$	118.5	$	110.7

Weighted average number of shares outstanding	257,210,697		261,440,259		256,500,437		262,057,243
Dilutive effect of share-based awards	3,258,835		5,372,251		4,505,045		4,893,994
Diluted weighted average number of shares outstanding	260,469,532		266,812,510		261,005,482		266,951,237

Number of anti-dilutive shares excluded from the diluted earnings per share calculation	442,895		1,203,541		1,273,156		3,433,099

Basic earnings per share	$	0.22	$	0.27	$	0.46	$	0.42
Diluted earnings per share	$	0.22	$	0.26	$	0.45	$	0.41