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Consolidated and Combined Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 27, 2013
Dec. 28, 2012
Sep. 27, 2013
Sep. 28, 2012
Sep. 30, 2011
Net sales $ 540.2 $ 504.0 $ 2,204.5 $ 2,056.2 $ 2,021.8
Cost of sales 284.6 270.5 1,179.6 1,091.4 1,106.9
Gross profit 255.6 233.5 1,024.9 964.8 914.9
Selling, general and administrative expenses 146.2 146.8 609.9 551.7 532.5
Research and development expenses 39.0 38.4 165.7 144.1 141.5
Separation costs 2.2 12.0 74.2 25.5 2.9
Restructuring charges, net 8.0 0.2 33.2 11.2 8.4
Gains on divestiture and license (12.9) (0.7) (2.9) (2.9) (11.1)
Operating income 73.1 36.8 144.8 235.2 240.7
Interest expense (9.8) (0.1) (19.5) (0.5) (0.6)
Interest income 0.3 0 0.3 0.4 0.2
Other (expense) income, net (0.6) 0.2 0.8 1.0 2.9
Income from continuing operations before income taxes 63.0 36.9 126.4 236.1 243.2
Provision for income taxes 16.6 17.1 68.6 94.8 86.2
Income from continuing operations 46.4 19.8 57.8 141.3 157.0
Income (loss) from discontinued operations, net of income taxes (0.8) (0.6) 1.0 (6.7) (6.3)
Net income $ 45.6 $ 19.2 $ 58.8 $ 134.6 $ 150.7
Basic earnings (loss) per share          
Income from continuing operations (in usd per share) $ 0.80 $ 0.34 [1],[2] $ 1.00 $ 2.45 $ 2.72
Income (loss) from discontinued operations, net of income taxes (in usd per share) $ (0.01) $ (0.01) $ 0.02 $ (0.12) $ (0.11)
Net income (in usd per share) $ 0.79 $ 0.33 $ 1.02 $ 2.33 $ 2.61
Basic weighted-average shares outstanding (in shares) 57.8 57.7 57.7 57.7 57.7
Diluted earnings (loss) per share          
Income from continuing operations (in usd per share) $ 0.79 $ 0.34 [1],[2] $ 1.00 $ 2.45 $ 2.72
Income (loss) from discontinued operations, net of income taxes (in usd per share) $ (0.01) $ (0.01) $ 0.02 $ (0.12) $ (0.11)
Net income (in usd per share) $ 0.78 $ 0.33 $ 1.02 $ 2.33 $ 2.61
Diluted weighted-average shares oustanding (in shares) 58.4 57.7 57.8 57.7 57.7
[1] The computation of basic and diluted earnings per share assumes that the number of shares outstanding for the first three quarters of fiscal 2013 and each quarter in fiscal 2012 was equal to the number of ordinary shares of Mallinckrodt outstanding on June 28, 2013, immediately following the distribution of one ordinary share of Mallinckrodt for every eight ordinary shares of Covidien.
[2] Quarterly and annual computations are prepared independently. Therefore, the sum of each quarter may not necessarily total the fiscal period amounts noted elsewhere within this prospectus.