CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 04, 2026 |
Jun. 28, 2025 |
Jul. 04, 2026 |
Jun. 28, 2025 |
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| Income Statement [Abstract] | ||||
| Net Sales | $ 3,960.7 | $ 3,945.2 | $ 7,807.1 | $ 7,689.8 |
| Costs and Expenses | ||||
| Cost of sales | 2,654.9 | 2,878.7 | 5,344.0 | 5,502.5 |
| Selling, general and administrative | 944.1 | 870.4 | 1,821.8 | 1,722.9 |
| Provision for credit losses | 3.8 | 2.7 | 10.1 | 17.2 |
| Other, net | 52.9 | 67.7 | 94.8 | 115.2 |
| (Gain) loss on sales of businesses | (273.7) | 0.0 | (270.6) | 0.3 |
| Asset impairment charges | 5.3 | 0.0 | 28.0 | 0.0 |
| Restructuring charges | 15.1 | 18.8 | 60.0 | 20.0 |
| Interest income | (37.1) | (48.9) | (74.3) | (98.1) |
| Interest expense | 96.4 | 129.1 | 209.5 | 255.5 |
| Costs and Expenses | 3,461.7 | 3,918.5 | 7,223.3 | 7,535.5 |
| Earnings before income taxes | 499.0 | 26.7 | 583.8 | 154.3 |
| Income taxes | 147.7 | (75.2) | 172.9 | (38.0) |
| Net Earnings | 351.3 | 101.9 | 410.9 | 192.3 |
| Total Comprehensive Income | $ 331.0 | $ 316.0 | $ 361.6 | $ 534.8 |
| Earnings per share of common stock: | ||||
| Basic (in dollars per share) | $ 2.34 | $ 0.67 | $ 2.72 | $ 1.27 |
| Diluted (in dollars per share) | $ 2.33 | $ 0.67 | $ 2.71 | $ 1.27 |
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- Definition Amount of impairment loss for asset. Includes, but is not limited to, tangible and intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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