Basic earnings per share represents net income attributable to shareholders divided by the weighted average number of shares outstanding during the period. Diluted earnings per share considers the dilutive effect of potential shares, unless the inclusion of the potential shares would have an anti-dilutive effect. The treasury stock method is used to determine the potential dilutive shares resulting from assumed exercises of equity-related instruments.

The computation of earnings per share is presented below:


	Three months ended
(dollars in millions, except share numbers and per share amounts)	March 29, 2025		March 30, 2024
Net income attributable to shareholders	$	62.0	$	40.0

Weighted average number of shares outstanding	255,790,177		262,674,227
Dilutive effect of share-based awards	5,777,729		4,761,304
Diluted weighted average number of shares outstanding	261,567,906		267,435,531

Number of anti-dilutive shares excluded from diluted earnings per share calculation	1,258,485		4,034,246

Basic earnings per share	$	0.24	$	0.15
Diluted earnings per share	$	0.24	$	0.15