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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Income Statement [Abstract]        
Net sales $ 1,355.8 $ 1,121.0 $ 2,676.8 $ 1,926.7
Costs and expenses        
Cost of sales 788.6 663.1 1,541.2 1,155.6
Selling, general and administrative expenses 286.4 320.7 577.7 488.9
Acquired intangible asset amortization 51.3 32.8 104.9 42.6
Total costs and expenses 1,126.3 1,016.6 2,223.8 1,687.1
Operating income 229.5 104.4 453.0 239.6
Interest and debt expense, net (22.5) (21.2) (44.8) (43.5)
Gain (loss) on debt extinguishment 10.6 0.0 10.6 (13.4)
Non-service retirement benefit income 2.9 2.8 5.7 5.6
Other income, net 1.0 6.1 0.0 5.1
Income before income taxes 221.5 92.1 424.5 193.4
Provision for income taxes 50.2 27.4 40.6 44.0
Net income $ 171.3 $ 64.7 $ 383.9 $ 149.4
Basic earnings per common share (in USD per share) $ 3.66 $ 1.52 $ 8.20 $ 3.76
Weighted average common shares outstanding (in shares) 46.8 42.5 46.8 39.7
Diluted earnings per common share (in USD per share) $ 3.59 $ 1.48 $ 8.05 $ 3.66
Weighted average diluted common shares outstanding (in shares) 47.7 43.6 47.7 40.8