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Earnings Per Share (Tables)
3 Months Ended
Apr. 01, 2023
Earnings Per Share [Abstract]  
Computations of Earnings (Loss) per Common Share

The computations of earnings per common share for the thirteen weeks ended April 1, 2023 and three months ended March 31, 2022 were as follows:

 

(In millions, except per share data)

 

Thirteen Weeks Ended April 1, 2023

 

 

Three Months Ended March 31, 2022

 

Income from continuing operations, net of tax

 

$

85.6

 

 

$

126.2

 

Income from discontinued operations, net of tax

 

 

(1.0

)

 

 

54.7

 

Net income

 

$

84.6

 

 

$

180.9

 

Earnings per common share

 

 

 

 

 

 

  Basic

 

 

 

 

 

 

     Continuing operations

 

$

0.67

 

 

$

0.95

 

     Discontinued operations

 

 

(0.01

)

 

 

0.41

 

Basic earnings per share

 

$

0.66

 

 

$

1.36

 

  Diluted

 

 

 

 

 

 

     Continuing operations

 

$

0.67

 

 

$

0.94

 

     Discontinued operations

 

 

(0.01

)

 

 

0.40

 

Diluted earnings per share

 

$

0.66

 

 

$

1.34

 

Basic average shares outstanding

 

 

127.8

 

 

 

133.4

 

Stock-based awards

 

 

0.7

 

 

 

1.3

 

Diluted average shares outstanding

 

 

128.5

 

 

 

134.7

 

Antidilutive stock-based awards excluded from weighted-
   average number of shares outstanding for diluted
   earnings per share

 

 

1.0

 

 

 

0.4