EARNINGS PER SHARE (Tables)

6 Months Ended

Jul. 02, 2022

Earnings Per Share [Abstract]

Reconciliation of Net Earnings Attributable to Common Shareowners and Weighted-Average Shares Outstanding used to Calculate Basic and Diluted Earnings per Share

The following table reconciles net earnings attributable to common shareowners and the weighted-average shares outstanding used to calculate basic and diluted earnings per share for the three and six months ended July 2, 2022 and July 3, 2021:

	Second Quarter				Year-to-Date
	2022		2021		2022		2021
Numerator (in millions):
Net Earnings from Continuing Operations Attributable to Common Shareowners	$	78.6	$	428.7	$	234.1	$	879.5
Add: Contract adjustment payments accretion	0.4		0.3		0.7		0.5
Net Earnings from Continuing Operations Attributable to Common Shareowners - Diluted	$	79.0	$	429.0	$	234.8	$	880.0
Net earnings from discontinued operations	9.0		26.0		28.8		53.2
Net Earnings Attributable to Common Shareowners - Diluted	$	88.0	$	455.0	$	263.6	$	933.2

	Second Quarter		Year-to-Date
	2022	2021	2022	2021
Denominator (in thousands):
Basic weighted-average shares outstanding	145,353	158,644	150,385	158,081
Dilutive effect of stock contracts and awards	9,461	6,543	9,742	6,653
Diluted weighted-average shares outstanding	154,814	165,187	160,127	164,734

	Second Quarter				Year-to-Date
	2022		2021		2022		2021
Earnings per share of common stock:
Basic earnings per share of common stock:
Continuing operations	$	0.54	$	2.70	$	1.56	$	5.56
Discontinued operations	$	0.06	$	0.16	$	0.19	$	0.34
Total basic earnings per share of common stock	$	0.60	$	2.87	$	1.75	$	5.90
Diluted earnings per share of common stock:
Continuing operations	$	0.51	$	2.60	$	1.47	$	5.34
Discontinued operations	$	0.06	$	0.16	$	0.18	$	0.32
Total dilutive earnings per share of common stock	$	0.57	$	2.75	$	1.65	$	5.67

Weighted-Average Stock Options and Warrants Outstanding Not included in Computation of Diluted Shares Outstanding

The following weighted-average stock options were not included in the computation of weighted-average diluted shares outstanding because the effect would be anti-dilutive (in thousands):

	Second Quarter		Year-to-Date
	2022	2021	2022	2021
Number of stock options	4,166	706	3,356	901