XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Apr. 02, 2022
Apr. 03, 2021
Income Statement [Abstract]        
Net sales $ 1,678.4 $ 1,828.8 $ 2,244.3 $ 2,577.4
Cost of sales 1,084.7 1,158.9 1,532.0 1,707.7
Cost of sales—impairment, restructuring and other 5.3 12.4 5.3 21.4
Gross profit 588.4 657.5 707.0 848.3
Operating expenses:        
Selling, general and administrative 204.7 231.5 358.7 388.2
Impairment, restructuring and other 0.1 2.5 1.8 3.2
Other income, net (4.3) (0.6) (6.0) (1.2)
Income from operations 387.9 424.1 352.5 458.1
Equity in loss of unconsolidated affiliates (6.5) (1.5) (13.8) (1.5)
Interest expense 28.3 19.3 52.1 35.4
Other non-operating income, net (1.9) (0.9) (3.7) (16.1)
Income from continuing operations before income taxes 355.0 404.2 290.3 437.3
Income tax expense from continuing operations 78.5 93.1 63.9 101.1
Income from continuing operations 276.5 311.1 226.4 336.2
Loss from discontinued operations, net of tax 0.0 (0.9) 0.0 (0.9)
Net income 276.5 310.2 226.4 335.3
Net income attributable to noncontrolling interest 0.0 (0.2) 0.0 (0.9)
Net income attributable to controlling interest $ 276.5 $ 310.0 $ 226.4 $ 334.4
Basic income (loss) per common share:        
Income (loss) from continuing operations (USD per share) $ 4.98 $ 5.58 $ 4.08 $ 6.02
Income (loss) from discontinued operations (USD per share) 0 (0.01) 0 (0.02)
Basic income (loss) per common share (USD per share) $ 4.98 $ 5.57 $ 4.08 $ 6.00
Weighted-average common shares outstanding during the period (in shares) 55.5 55.7 55.5 55.7
Diluted income (loss) per common share:        
Income (loss) from continuing operations (USD per share) $ 4.94 $ 5.44 $ 4.02 $ 5.88
Income (loss) from discontinued operations (USD per share) 0 (0.01) 0 (0.01)
Diluted income (loss) per common share (USD per share) $ 4.94 $ 5.43 $ 4.02 $ 5.87
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares) 56.0 57.1 56.3 57.0