XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Income Statement [Abstract]    
Net sales $ 1,082.1 $ 1,181.7
Cost of sales 724.4 767.9
Gross profit 357.7 413.8
Operating expenses    
Distribution 24.9 28.6
Research and development 29.0 31.1
Selling 150.3 167.9
Administration 130.4 135.0
Restructuring 44.3 3.4
Other operating expense (income), net 34.0 (0.7)
Total operating expenses 412.9 365.3
Operating (loss) income (55.2) 48.5
Interest expense, net 43.0 43.7
Other (income) expense, net 0.4 0.5
Income (loss) from continuing operations before income taxes (98.6) 4.3
Income tax (benefit) expense (102.7) 5.4
Income (loss) from continuing operations 4.1 (1.1)
Income (loss) from discontinued operations, net of tax (2.1) (1.9)
Net income (loss) $ 2.0 $ (3.0)
Basic    
Continuing operations (in dollars per share) $ 0.03 $ (0.01)
Discontinued operations (in dollars per share) (0.02) (0.01)
Basic earnings (loss) per share (in dollars per share) 0.01 (0.02)
Diluted    
Continuing operations (in dollars per share) 0.03 (0.01)
Discontinued operations (in dollars per share) (0.02) (0.01)
Diluted earnings (loss) per share (in dollars per share) $ 0.01 $ (0.02)
Weighted-average shares outstanding    
Basic (in shares) 136.6 134.9
Diluted (in shares) 137.6 134.9