v3.25.2
Income Taxes (Tables)
6 Months Ended
Jun. 28, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes and Corresponding Effective Tax Rate
A summary of the provision for income taxes and the corresponding effective tax rate for the three and six months ended June 28, 2025 and June 29, 2024, is shown below (in millions, except effective tax rates):
Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Provision for income taxes$41.6 $46.2 $86.8 $86.7 
Pretax income before equity in net income of affiliates$217.5 $226.5 $352.9 $383.4 
Effective tax rate19.1 %20.4 %24.6 %22.6 %
Schedule of Tax Benefits (Expense) In addition, the Company recognized discrete tax benefits (expense) on the significant items shown below (in millions):
Six Months Ended
June 28,
2025
June 29,
2024
Restructuring charges and various other items$22.9 $20.2 
Tax reserves and audit settlements3.4 3.3 
Share-based compensation(1.5)(0.4)
Valuation allowances on deferred tax assets(0.6)— 
$24.2 $23.1