NET EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 29, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Numerator
Net earnings	$	218.0	$	189.9	$	600.6	$	528.0
Convertible note interest add-back (if converted method)	—		—		—		1.8
Diluted Net Earnings	$	218.0	$	189.9	$	600.6	$	529.8
Denominator
Weighted average common shares outstanding used in basic earnings per share	352.1		355.2		352.9		357.3
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards	4.0		2.7		3.1		2.6
Conversion of convertible notes (if converted method)	—		—		—		2.1
Weighted average common shares outstanding used in diluted earnings per share	356.1		357.9		356.0		362.0
Net earnings per common share - Basic	$	0.62	$	0.53	$	1.70	$	1.48
Net earnings per common share - Diluted	$	0.61	$	0.53	$	1.69	$	1.46

Schedule of Dividends Declared

We declared and paid cash dividends per common share for the periods as presented below:

	Dividend Per Common Share		Amount ($ in millions)
2023:
First quarter	$	0.07	$	24.7
Second quarter	0.07		24.6
Third quarter	0.07		24.6
Total	$	0.21	$	73.9
2022:
First quarter	$	0.07	$	25.1
Second quarter	0.07		24.9
Third quarter	0.07		24.8
Total	$	0.21	$	74.8
* The sum of the components of total dividends paid may not equal the total amount due to rounding.