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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Net sales $ 981.1 $ 948.8 $ 1,991.1 $ 2,032.0
Cost of sales 632.1 601.6 1,273.7 1,291.1
Gross profit 349.0 347.2 717.4 740.9
Operating expenses        
Distribution 24.1 19.8 45.8 40.0
Research and development 33.0 30.4 64.1 58.3
Selling 139.8 119.3 275.2 258.9
Administration 110.4 114.3 237.6 233.9
Impairment charges 158.6 0.0 158.6 0.0
Restructuring 9.0 0.7 10.7 0.7
Total operating expenses 474.9 284.5 792.0 591.8
Operating income (loss) (125.9) 62.7 (74.6) 149.1
Change in financial assets 0.0 (2.1) 0.0 (3.7)
Interest expense, net 31.6 32.2 63.6 61.1
Other (income) expense, net (0.4) 17.1 1.9 18.8
Income (loss) from continuing operations before income taxes (157.1) 15.5 (140.1) 72.9
Income tax expense (benefit) (45.2) 3.1 (31.0) 2.8
Income (loss) from continuing operations (111.9) 12.4 (109.1) 70.1
Income from discontinued operations, net of tax 54.2 48.2 89.5 96.9
Net income (loss) $ (57.7) $ 60.6 $ (19.6) $ 167.0
Basic        
Continuing operations (in dollars per share) $ (0.84) $ 0.09 $ (0.82) $ 0.52
Discontinued operations (in dollars per share) 0.41 0.35 0.67 0.71
Basic earnings per share (in dollars per share) (0.43) 0.44 (0.15) 1.23
Diluted        
Continuing operations (in dollars per share) (0.84) 0.09 (0.82) 0.51
Discontinued operations (in dollars per share) 0.41 0.35 0.67 0.71
Diluted earnings per share (in dollars per share) $ (0.43) $ 0.44 $ (0.15) $ 1.22
Weighted-average shares outstanding        
Basic (in shares) 133.6 136.4 133.4 136.3
Diluted (in shares) 133.6 137.5 133.4 137.3