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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Income Statement [Abstract]        
Net sales [1] $ 1,213.7 $ 1,191.1 $ 3,773.8 $ 3,514.6
Cost of sales 785.6 778.3 2,427.8 2,222.1
Gross profit 428.1 412.8 1,346.0 1,292.5
Operating expenses        
Distribution 26.1 23.4 73.8 70.5
Research and development 42.6 44.0 131.6 128.0
Selling 138.5 134.1 413.9 422.8
Administration 116.4 131.9 357.8 384.2
Impairment charges 202.4 10.9 202.4 42.9
Restructuring 0.8 5.2 1.9 26.7
Other operating expense (income) (3.2) 8.9 (3.0) 5.7
Total operating expenses 523.6 358.4 1,178.4 1,080.8
Operating income (loss) (95.5) 54.4 167.6 211.7
Change in financial assets (22.2) (2.6) (25.9) (18.5)
Interest expense, net 34.0 30.5 97.6 90.4
Other (income) expense, net 0.4 (71.0) 17.1 (65.6)
Loss on extinguishment of debt 20.0 0.2 20.0 0.2
Income (loss) before income taxes (127.7) 97.3 58.8 205.2
Income tax expense 26.9 5.1 46.4 40.1
Net income (loss) $ (154.6) $ 92.2 $ 12.4 $ 165.1
Earnings (loss) per share        
Basic (in dollars per share) $ (1.13) $ 0.68 $ 0.09 $ 1.21
Diluted (in dollars per share) $ (1.13) $ 0.67 $ 0.09 $ 1.21
Weighted-average shares outstanding        
Basic (in shares) 136.5 136.0 136.3 136.0
Diluted (in shares) 136.5 136.8 137.5 136.4
[1] Derived from the location of the entity that sells to a third party.