CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Millions, except Share data in Thousands, unless otherwise specified |
3 Months Ended | |
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Apr. 04, 2015
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Mar. 29, 2014
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Net Sales | $ 2,630.0us-gaap_SalesRevenueNet | $ 2,617.1us-gaap_SalesRevenueNet |
Costs and Expenses | ||
Cost of sales | 1,656.4us-gaap_CostOfGoodsAndServicesSold | 1,660.7us-gaap_CostOfGoodsAndServicesSold |
Selling, general and administrative | 613.7us-gaap_SellingGeneralAndAdministrativeExpense | 636.9us-gaap_SellingGeneralAndAdministrativeExpense |
Provision for doubtful accounts | 9.3us-gaap_ProvisionForDoubtfulAccounts | 3.7us-gaap_ProvisionForDoubtfulAccounts |
Other-net | 63.7us-gaap_OtherNoninterestExpense | 60.9us-gaap_OtherNoninterestExpense |
Restructuring charges | 24.9us-gaap_RestructuringCharges | (3.7)us-gaap_RestructuringCharges |
Restructuring, Settlement and Impairment Provisions | 24.9us-gaap_RestructuringSettlementAndImpairmentProvisions | (3.7)us-gaap_RestructuringSettlementAndImpairmentProvisions |
Interest expense | 44.4us-gaap_InterestExpense | 44.1us-gaap_InterestExpense |
Interest income | (3.7)us-gaap_InvestmentIncomeInterest | (3.4)us-gaap_InvestmentIncomeInterest |
Costs and Expenses, Total | 2,408.7us-gaap_CostsAndExpenses | 2,399.2us-gaap_CostsAndExpenses |
Earnings from continuing operations before income taxes | 221.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 217.9us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
Income taxes on continuing operations | 55.3us-gaap_IncomeTaxExpenseBenefit | 48.0us-gaap_IncomeTaxExpenseBenefit |
Earnings from continuing operations | 166.0us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 169.9us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest |
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest | (0.8)us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity | 0.2us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity |
Net earnings from continuing operations attributable to common shareowners | 166.8us-gaap_IncomeLossFromContinuingOperations | 169.7us-gaap_IncomeLossFromContinuingOperations |
Net (loss) earnings from discontinued operations | (4.5)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | (7.8)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity |
Net Earnings Attributable to Common Shareowners | 162.3us-gaap_NetIncomeLoss | 161.9us-gaap_NetIncomeLoss |
Total Comprehensive (Loss) Income Attributable to Common Shareowners | $ (95.0)us-gaap_ComprehensiveIncomeNetOfTax | $ 166.7us-gaap_ComprehensiveIncomeNetOfTax |
Basic earnings per share of common stock: | ||
Continuing operations (in dollars per share) | $ 1.10us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 1.09us-gaap_IncomeLossFromContinuingOperationsPerBasicShare |
Discontinued operations (in dollars per share) | $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare | $ (0.05)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare |
Total basic earnings per share of common stock | $ 1.07us-gaap_EarningsPerShareBasic | $ 1.04us-gaap_EarningsPerShareBasic |
Diluted earnings per share of common stock: | ||
Continuing operations (in dollars per share) | $ 1.07us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 1.07us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare |
Discontinued operations (in dollars per share) | $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | $ (0.05)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare |
Total diluted earnings per share of common stock | $ 1.04us-gaap_EarningsPerShareDiluted | $ 1.02us-gaap_EarningsPerShareDiluted |
Dividends per shares of common stock | $ 0.52us-gaap_CommonStockDividendsPerShareDeclared | $ 0.50us-gaap_CommonStockDividendsPerShareDeclared |
Weighted Average Shares Outstanding (in thousands): | ||
Basic (in shares) | 152,172us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 155,905us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Diluted (in shares) | 156,537us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 158,951us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Definition
Other noninterest expenses that are not separately presented in any other noninterest expense category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Details
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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/presentationRef
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