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Earnings Per Share (Tables)
6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Computations of Earnings per Common Share

The computations of earnings per common share for the twenty-six and thirteen weeks ended June 29, 2024 and July 1, 2023 were as follows:

 

(In millions, except per share data)

 

Twenty-Six Weeks Ended June 29, 2024

 

 

Twenty-Six Weeks Ended July 1, 2023

 

 

Thirteen Weeks Ended June 29, 2024

 

 

Thirteen Weeks Ended July 1, 2023

 

Income from continuing operations, net of tax

 

$

230.2

 

 

$

187.7

 

 

$

133.9

 

 

$

102.1

 

(Loss) income from discontinued operations, net of tax

 

 

-

 

 

 

(1.0

)

 

 

-

 

 

 

-

 

Net income

 

$

230.2

 

 

$

186.7

 

 

$

133.9

 

 

$

102.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

  Basic

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.83

 

 

$

1.47

 

 

$

1.07

 

 

$

0.81

 

Discontinued operations

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Basic earnings per share

 

$

1.83

 

 

$

1.47

 

 

$

1.07

 

 

$

0.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.82

 

 

$

1.47

 

 

$

1.06

 

 

$

0.80

 

Discontinued operations

 

 

-

 

 

 

(0.01

)

 

 

-

 

 

 

-

 

Diluted earnings per share

 

$

1.82

 

 

$

1.46

 

 

$

1.06

 

 

$

0.80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic average shares outstanding

 

 

125.5

 

 

 

127.3

 

 

 

125.1

 

 

 

126.8

 

Stock-based awards

 

 

0.9

 

 

 

0.7

 

 

 

0.7

 

 

 

0.7

 

Diluted average shares outstanding

 

 

126.4

 

 

 

128.0

 

 

 

125.8

 

 

 

127.5

 

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

 

 

0.8

 

 

 

1.0

 

 

 

1.3

 

 

 

1.0