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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales [1] $ 1,219.1 $ 1,149.0 $ 2,560.1 $ 2,323.5
Cost of sales 784.4 718.2 1,642.2 1,443.9
Gross profit 434.7 430.8 917.9 879.6
Operating expenses        
Distribution 23.6 23.7 47.8 47.1
Research and development 47.1 43.9 89.0 84.0
Selling 127.6 140.1 275.3 288.7
Administration 118.8 127.2 241.4 252.3
Impairment charges 0.0 27.8 0.0 31.9
Restructuring 1.1 12.2 1.1 21.5
Other operating expense (income) (0.9) 0.9 0.2 (3.2)
Total operating expenses 317.3 375.8 654.8 722.3
Operating income 117.4 55.0 263.1 157.3
Change in financial assets (2.1) (5.5) (3.7) (15.9)
Interest expense, net 33.4 31.2 63.6 59.8
Other (income) expense, net 14.3 2.3 16.7 5.5
Income before income taxes 71.8 27.0 186.5 107.9
Income tax expense 11.2 18.0 19.5 35.0
Net income $ 60.6 $ 9.0 $ 167.0 $ 72.9
Earnings per share        
Basic (in dollars per share) $ 0.44 $ 0.07 $ 1.23 $ 0.54
Diluted (in dollars per share) $ 0.44 $ 0.07 $ 1.22 $ 0.54
Weighted-average shares outstanding        
Basic (in shares) 136.4 136.0 136.3 136.0
Diluted (in shares) 137.5 136.5 137.3 136.3
[1] Derived from the location of the entity that sells to a third party.