v3.24.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net sales $ 885.5 $ 936.3 $ 1,748.1 $ 1,834.0
Cost of sales 528.1 583.6 1,060.7 1,156.2
Gross profit 357.4 352.7 687.4 677.8
Selling, general and administrative expenses 218.3 220.7 430.0 452.8
Transaction-related expenses 1.2 0.6 1.6 0.8
Restructuring expenses 1.6 2.2 2.8 7.7
Other operating expenses 0.1 0.1 0.1 0.1
Operating income from continuing operations 136.2 129.1 252.9 216.4
Interest expense 49.1 44.5 86.6 85.3
Other (income) expenses (3.1) 3.7 (4.6) 4.0
Income from continuing operations before taxes 90.2 80.9 170.9 127.1
Income tax expense 12.3 9.6 46.8 24.9
Net income from continuing operations 77.9 71.3 124.1 102.2
Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0, $0 and $0 0.3 0.1 0.4 0.4
Net income 77.6 71.2 123.7 101.8
Less: non-controlling interests 6.9 6.3 13.0 10.5
Net income attributable to shareholders $ 70.7 $ 64.9 $ 110.7 $ 91.3
Basic        
Earnings per share from continuing operations (in usd per share) $ 0.27 $ 0.24 $ 0.42 $ 0.33
Earnings per share from discontinued operations (in usd per share) 0 0 0 0
Earnings per share (in usd per share) 0.27 0.24 0.42 0.33
Diluted        
Earnings per share from continuing operations (in usd per share) 0.26 0.23 0.41 0.32
Earnings per share from discontinued operations (in usd per share) 0 0 0 0
Earnings per share (in usd per share) $ 0.26 $ 0.23 $ 0.41 $ 0.32