v3.22.2.2
NET EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2022
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 EndedNine Months Ended
 September 30, 2022October 1, 2021September 30, 2022October 1, 2021
Numerator
Net earnings from continuing operations$189.9 $152.6 $528.0 $446.3 
Mandatory convertible preferred stock cumulative dividends— — — (34.5)
Convertible note interest add-back (if converted method)— — 1.8 — 
Diluted Net Earnings from Continuing Operations$189.9 $152.6 $529.8 $411.8 
Denominator
Weighted average common shares outstanding used in basic earnings per share355.2 358.9 357.3 345.6 
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive Stock Awards2.7 3.3 2.6 3.2 
Conversion of convertible notes (if converted method)— — 2.1 — 
Weighted average common shares outstanding used in diluted earnings per share357.9 362.2 362.0 348.8 
Net earnings from continuing operations per common share - Basic$0.53 $0.42 $1.48 $1.19 
Net earnings from continuing operations per common share - Diluted$0.53 $0.42 $1.46 $1.18 
Schedule of Dividends Declared
We declared and paid cash dividends per common share for the periods as presented below. We declared and paid the MCPS dividend in the first quarter of 2021, and declared and paid the final dividend in the second quarter of 2021.
Dividend Per
Common Share
Amount
($ in millions)
Dividend per MCPSAmount
($ in millions)
2022:
First quarter$0.07 $25.1 $— $— 
Second quarter0.07 24.9 — — 
Third quarter0.07 24.8 — — 
Total$0.21 $74.8 $— $— 
2021:
First quarter$0.07 $23.7 $12.5 $17.3 
Second quarter0.07 23.7 12.5 17.2 
Third quarter0.07 25.2 — — 
Total$0.21 $72.6 $25.0 $34.5 
* The sum of the components of total dividends paid may not equal the total amount due to rounding.