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Net Income Per Common Share
6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
Net income per common share was computed as follows:
Three Months EndedSix Months Ended
(In millions, except per share amounts)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
(A)Net income
$176.8 $100.4 $349.2 $221.6 
(B)Weighted average number of common shares outstanding
80.6 80.7 80.5 80.8 
Dilutive shares (additional common shares issuable under stock-based awards)
.4 .3 .5 .4 
(C) Weighted average number of common shares outstanding, assuming dilution
81.0 81.0 81.0 81.2 
Net income per common share: (A) ÷ (B)$2.19 $1.24 $4.34 $2.74 
Net income per common share, assuming dilution: (A) ÷ (C)$2.18 $1.24 $4.31 $2.73 
Certain stock-based compensation awards were excluded from the computation of net income per common share, assuming dilution, because they would not have had a dilutive effect. Stock-based compensation awards excluded from the computation totaled 0.1 million shares for the three and six months ended June 29, 2024 and July 1, 2023.