v3.26.1
Income Taxes
 6 Months Ended
Jun. 28, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The income tax provision is calculated using an estimated annual effective tax rate based upon estimates of annual income, permanent items, statutory tax rates and planned tax strategies in the various jurisdictions in which the Company operates, except that certain loss jurisdictions and discrete items such as the resolution of uncertain tax positions and stock-based accounting income tax benefits are treated separately.
Second QuarterSix Months
(dollars in millions)2026202520262025
Provision (benefit) for income taxes (a)$69.6$50.2$121.5$100.3
Income (loss) before income taxes$321.3$260.6$600.0$499.5
Effective tax rate21.7%19.3%20.3%20.1%
(a) The second quarter of 2026 and 2025 includes net discrete income tax benefits of $1.2 million and $8.4 million, respectively. The first six months of 2026 and 2025 includes net discrete income tax benefits of $9.2 million and $12.1 million, respectively.