v3.26.1
Income Taxes (Tables)
6 Months Ended
Jul. 04, 2026
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 July 4, 2026 and June 28, 2025, is shown below (in millions, except effective tax rates):
Three Months EndedSix Months Ended
July 4,
2026
June 28,
2025
July 4,
2026
June 28,
2025
Provision for income taxes$48.5 $41.6 $86.9 $86.8 
Pretax income before equity in net income of affiliates$240.9 $217.5 $457.6 $352.9 
Effective tax rate20.1 %19.1 %19.0 %24.6 %
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
July 4,
2026
June 28,
2025
Restructuring charges and various other items$23.4 $22.9 
Tax reserves and audit settlements2.7 3.4 
Valuation allowances on deferred tax assets0.8 (0.6)
Share-based compensation0.3 (1.5)
$27.2 $24.2