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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Income Statement [Abstract]        
Net sales $ 1,042.7 $ 1,003.0 $ 3,033.8 $ 3,035.0
Cost of sales 706.3 633.3 1,980.0 1,924.5
Gross profit 336.4 369.7 1,053.8 1,110.5
Operating expenses        
Distribution 23.3 22.5 69.0 62.4
Research and development 27.6 30.4 91.7 88.7
Selling 129.7 130.1 405.0 389.0
Administration 130.6 111.3 368.1 345.2
Impairment charges 3.5 0.0 162.1 0.0
Restructuring 1.0 0.8 11.8 1.5
Other operating expense (income) (417.6) (3.9) (417.6) (3.9)
Total operating expenses (101.9) 291.2 690.1 882.9
Operating income 438.3 78.5 363.7 227.6
Change in financial assets 0.0 (22.2) 0.0 (25.9)
Interest expense, net 30.9 33.3 94.5 94.3
Other (income) expense, net 18.5 (1.0) 20.4 17.9
Loss on extinguishment of debt 0.0 20.0 0.0 20.0
Income (loss) from continuing operations before income taxes 388.9 48.4 248.8 121.3
Income tax expense (benefit) 442.8 22.0 411.8 24.9
Income (loss) from continuing operations (53.9) 26.4 (163.0) 96.4
Income (loss) from discontinued operations, net of tax (5.0) (181.0) 84.5 (84.0)
Net income (loss) $ (58.9) $ (154.6) $ (78.5) $ 12.4
Basic        
Continuing operations (in dollars per share) $ (0.40) $ 0.19 $ (1.22) $ 0.71
Discontinued operations (in dollars per share) (0.04) (1.32) 0.63 (0.62)
Basic earnings per share (in dollars per share) (0.44) (1.13) (0.59) 0.09
Diluted        
Continuing operations (in dollars per share) (0.40) 0.19 (1.22) 0.70
Discontinued operations (in dollars per share) (0.04) (1.31) 0.63 (0.61)
Diluted earnings per share (in dollars per share) $ (0.44) $ (1.12) $ (0.59) $ 0.09
Weighted-average shares outstanding        
Basic (in shares) 133.8 136.5 133.5 136.3
Diluted (in shares) 133.8 137.6 133.5 137.5