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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 30, 2022
Jul. 01, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net sales $ 1,163.7 $ 1,255.4 $ 2,203.7 $ 2,395.6
Cost of products sold 695.6 742.0 1,327.2 1,413.8
Selling, general and administrative expenses 280.7 281.3 541.7 557.7
Amortization of intangible assets 12.6 11.6 25.2 23.2
Restructuring charges 22.2 1.0 25.2 1.6
Operating income 152.6 219.5 284.4 399.3
Interest expense 27.7 30.5 54.6 52.3
Other income, net (5.2) (0.2) (11.6) (2.4)
Income from continuing operations before income taxes 130.1 189.2 241.4 349.4
Income tax 28.0 44.9 53.7 78.9
Income from continuing operations, net of tax 102.1 144.3 187.7 270.5
(Loss) income from discontinued operations, net of tax 0.0 47.7 (1.0) 102.4
Net income $ 102.1 $ 192.0 $ 186.7 $ 372.9
Basic earnings per common share        
Continuing operations $ 0.81 $ 1.11 $ 1.47 $ 2.05
Discontinued operations 0 0.36 0 0.78
Basic earnings per share 0.81 1.47 1.47 2.83
Diluted earnings per common share        
Continuing operations 0.80 1.10 1.47 2.03
Discontinued operations 0 0.36 (0.01) 0.77
Diluted earnings per share $ 0.80 $ 1.46 $ 1.46 $ 2.80
Comprehensive income $ 114.5 $ 184.5 $ 198.4 $ 425.3