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Earnings Per Share (Tables)
9 Months Ended
Sep. 28, 2024
Earnings Per Share [Abstract]  
Computations of Earnings per Common Share

The computations of earnings per common share for the thirty-nine and thirteen weeks ended September 28, 2024 and September 30, 2023 were as follows:

 

(In millions, except per share data)

 

Thirty-Nine Weeks Ended September 28, 2024

 

 

Thirty-Nine Weeks Ended September 30, 2023

 

 

Thirteen Weeks Ended September 28, 2024

 

 

Thirteen Weeks Ended September 30, 2023

 

Income from continuing operations, net of tax

 

$

366.8

 

 

$

324.2

 

 

$

136.6

 

 

$

136.5

 

Loss from discontinued operations, net of tax

 

 

-

 

 

 

(1.0

)

 

 

-

 

 

 

-

 

Net income

 

$

366.8

 

 

$

323.2

 

 

$

136.6

 

 

$

136.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

  Basic

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

2.93

 

 

$

2.55

 

 

$

1.10

 

 

$

1.08

 

Discontinued operations

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Basic earnings per share

 

$

2.93

 

 

$

2.55

 

 

$

1.10

 

 

$

1.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

2.91

 

 

$

2.53

 

 

$

1.09

 

 

$

1.07

 

Discontinued operations

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Diluted earnings per share

 

$

2.91

 

 

$

2.53

 

 

$

1.09

 

 

$

1.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic average shares outstanding

 

 

125.1

 

 

 

127.1

 

 

 

124.2

 

 

 

126.9

 

Stock-based awards

 

 

0.9

 

 

 

0.8

 

 

 

0.9

 

 

 

0.9

 

Diluted average shares outstanding

 

 

126.0

 

 

 

127.9

 

 

 

125.1

 

 

 

127.8

 

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

 

 

0.8

 

 

 

0.9

 

 

 

0.7

 

 

 

0.8