Computation of Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions |
12 Months Ended | ||
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Jan. 01, 2023 |
Jan. 02, 2022 |
Jan. 03, 2021 |
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Earnings Per Share [Abstract] | |||
Net income | $ 548.7 | $ 704.2 | $ 810.3 |
Interest expense on Convertible Notes, net of tax | 0.0 | 0.0 | 0.4 |
Net income used for diluted earnings per share, if-converted method | $ 548.7 | $ 704.2 | $ 810.7 |
Basic weighted-average shares of common stock outstanding | 56.8 | 42.1 | 42.1 |
Dilutive potential shares issuable from Convertible Notes | 0.0 | 0.0 | 0.3 |
Dilutive potential shares issuable from stock options and unvested RSUs | 0.6 | 0.8 | 1.2 |
Diluted weighted-average shares of common stock outstanding | 57.4 | 42.9 | 43.6 |
Potentially dilutive shares excluded from calculation due to anti-dilutive effect | 1.5 | 0.2 | 0.0 |
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- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) to net income used for calculating diluted earnings per share (EPS), resulting from the assumed exercise of dilutive convertible securities excluding adjustments related to ESOP convertible preferred stock, stock options, and restrictive stock units. No definition available.
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- References No definition available.
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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