Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Oct. 03, 2015 |
Sep. 27, 2014 |
Oct. 03, 2015 |
Sep. 27, 2014 |
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| Income Statement [Abstract] | ||||||
| Net sales | $ 991.9 | $ 932.1 | $ 3,119.6 | $ 2,900.1 | ||
| Cost of sales | 710.2 | 672.9 | 2,254.7 | 2,093.3 | ||
| Selling, general and administrative expense | 135.6 | 134.9 | 414.0 | 402.8 | ||
| Research and development expense | 30.3 | 29.7 | 92.2 | 86.1 | ||
| Restructuring, exit and impairment charges | 0.0 | 0.9 | 0.0 | 4.0 | ||
| Operating earnings | 115.8 | 93.7 | 358.7 | 313.9 | ||
| Equity earnings | 1.2 | 0.7 | 3.2 | 0.5 | ||
| Other income, net | 1.2 | 1.2 | 4.4 | 3.5 | ||
| Earnings before interest and income taxes | 118.2 | 95.6 | 366.3 | 317.9 | ||
| Interest expense | (7.0) | (6.9) | (21.0) | (22.7) | ||
| Interest income | 0.7 | 0.2 | 1.7 | 0.7 | ||
| Earnings before income taxes | 111.9 | 88.9 | 347.0 | 295.9 | ||
| Income tax provision | 39.7 | 27.9 | 110.6 | 98.7 | ||
| Net earnings from continuing operations | 72.2 | 61.0 | 236.4 | 197.2 | ||
| Discontinued operations: | ||||||
| Earnings (loss) from discontinued operations, net of tax | 0.9 | (9.2) | 1.5 | 0.2 | ||
| Gain on disposal of discontinued operations, net of tax | [1] | 2.8 | 52.6 | 12.8 | 52.6 | |
| Net earnings from discontinued operations, net of tax | 3.7 | 43.4 | 14.3 | 52.8 | ||
| Net earnings | $ 75.9 | $ 104.4 | $ 250.7 | $ 250.0 | ||
| Basic | ||||||
| Earnings from continuing operations (in dollars per share) | $ 0.78 | $ 0.65 | $ 2.54 | $ 2.11 | ||
| Earnings from discontinued operations (in dollars per share) | 0.04 | 0.46 | 0.15 | 0.56 | ||
| Net earnings (in dollars per share) | 0.82 | 1.11 | 2.69 | 2.67 | ||
| Diluted | ||||||
| Earnings from continuing operations (in dollars per share) | 0.77 | 0.64 | 2.50 | 2.07 | ||
| Earnings from discontinued operations (in dollars per share) | 0.04 | 0.46 | 0.15 | 0.56 | ||
| Net earnings (in dollars per share) | $ 0.81 | $ 1.10 | $ 2.65 | $ 2.63 | ||
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | ||||||
| Basic earnings per common share (in shares) | 92.7 | 93.7 | 93.3 | 93.5 | ||
| Diluted earnings per common share (in shares) | 94.0 | 95.2 | 94.5 | 95.1 | ||
| Comprehensive income | $ 71.0 | $ 97.7 | $ 228.4 | $ 248.2 | ||
| Cash dividends declared per share | $ 0.125 | $ 0.125 | $ 0.375 | $ 0.325 | ||
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| X | ||||||||||
- Definition The aggregate amount provided for estimated restructuring and business exit charges and definite-lived asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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- Definition Amount after tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from operations classified as a discontinued operation. Excludes gain (loss) on disposal and provision for gain (loss) until disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations (before interest income and interest expense) attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before interest income, interest expense, income taxes, extraordinary items, and noncontrolling interest. No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during 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/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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