XML 29 R87.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating and Combining Financial Statements (Schedule of Condensed Consolidating and Combining Statements of Comprehensive Income) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 27, 2014
Jun. 28, 2013
Jun. 27, 2014
Jun. 28, 2013
Condensed Consolidating Financial Statements        
Net sales $ 653.1 $ 570.0 $ 1,751.1 $ 1,659.3
Cost of sales 368.8 304.2 948.6 886.5
Gross profit 284.3 265.8 802.5 772.8
Selling, general and administrative expenses 221.3 166.9 561.6 474.4
Research and development expenses 42.7 44.8 123.1 122.4
Separation costs 1.8 44.2 6.6 70.6
Restructuring charges, net 23.8 11.3 53.5 17.9
Gains on divestiture and license (0.9) (0.8) (14.7) (2.2)
Operating income (loss) (4.4) (0.6) 72.4 89.7
Interest expense (22.7) (9.4) (44.9) (9.6)
Interest income 0.3 0 1.1 0.1
Other income (expense), net 0.1 2.1 (0.9) 2.3
Intercompany interest and fees 0 0 0 0
Equity in net income of subsidiaries 0 0 0 0
Income (loss) from continuing operations before income taxes (26.7) (7.9) 27.7 82.5
Income tax expense (benefit) (2.4) 19.8 (6.1) 55.9
Income (loss) from continuing operations (24.3) (27.7) 33.8 26.6
Loss from discontinued operations, net of income taxes 0.2 (0.2) (0.7) (1.3)
Net income (loss) (24.1) (27.9) 33.1 25.3
Other comprehensive loss, net of tax 4.1 (6.4) 2.0 (20.3)
Comprehensive income (loss) (20.0) (34.3) 35.1 5.0
Mallinckrodt plc
       
Condensed Consolidating Financial Statements        
Net sales 0 0 0 0
Cost of sales 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses 7.0 0.1 18.9 0.1
Research and development expenses 0 0 0 0
Separation costs 0.5 1.7 1.9 1.7
Restructuring charges, net 0.2 0 0.2 0
Gains on divestiture and license 0 0 0 0
Operating income (loss) (7.7) (1.8) (21.0) (1.8)
Interest expense 0 0 0 0
Interest income 0 0 0 0
Other income (expense), net 6.1 0 29.1 0
Intercompany interest and fees (2.9) 0 (6.9) 0
Equity in net income of subsidiaries (19.6) (26.1) 31.9 27.1
Income (loss) from continuing operations before income taxes (24.1) (27.9) 33.1 25.3
Income tax expense (benefit) 0 0 0 0
Income (loss) from continuing operations (24.1) (27.9) 33.1 25.3
Loss from discontinued operations, net of income taxes 0 0 0 0
Net income (loss) (24.1) (27.9) 33.1 25.3
Other comprehensive loss, net of tax 4.1 (6.4) 2.0 (20.3)
Comprehensive income (loss) (20.0) (34.3) 35.1 5.0
Mallinckrodt International Finance S.A.
       
Condensed Consolidating Financial Statements        
Net sales 0 0 0 0
Cost of sales 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses 0.2 0 0.4 0
Research and development expenses 0 0 0 0
Separation costs 0 0.3 0 0.3
Restructuring charges, net 0 0 0 0
Gains on divestiture and license 0 0 0 0
Operating income (loss) (0.2) (0.3) (0.4) (0.3)
Interest expense (24.2) (9.0) (47.5) (9.0)
Interest income 0 0 0 0
Other income (expense), net 0 0 0 0
Intercompany interest and fees 0 0 0 0
Equity in net income of subsidiaries 4.8 (16.8) 79.7 36.4
Income (loss) from continuing operations before income taxes (19.6) (26.1) 31.8 27.1
Income tax expense (benefit) 0 0 (0.1) 0
Income (loss) from continuing operations (19.6) (26.1) 31.9 27.1
Loss from discontinued operations, net of income taxes 0 0 0 0
Net income (loss) (19.6) (26.1) 31.9 27.1
Other comprehensive loss, net of tax 4.1 (6.4) 2.0 (20.3)
Comprehensive income (loss) (15.5) (32.5) 33.9 6.8
Other Subsidiaries
       
Condensed Consolidating Financial Statements        
Net sales 653.1 570.0 1,751.1 1,659.3
Cost of sales 368.8 304.2 948.6 886.5
Gross profit 284.3 265.8 802.5 772.8
Selling, general and administrative expenses 214.1 166.8 542.3 474.3
Research and development expenses 42.7 44.8 123.1 122.4
Separation costs 1.3 42.2 4.7 68.6
Restructuring charges, net 23.6 11.3 53.3 17.9
Gains on divestiture and license (0.9) (0.8) (14.7) (2.2)
Operating income (loss) 3.5 1.5 93.8 91.8
Interest expense 1.5 (0.4) 2.6 (0.6)
Interest income 0.3 0 1.1 0.1
Other income (expense), net (6.0) 2.1 (30.0) 2.3
Intercompany interest and fees 2.9 0 6.9 0
Equity in net income of subsidiaries 0 0 0 0
Income (loss) from continuing operations before income taxes 2.2 3.2 74.4 93.6
Income tax expense (benefit) (2.4) 19.8 (6.0) 55.9
Income (loss) from continuing operations 4.6 (16.6) 80.4 37.7
Loss from discontinued operations, net of income taxes 0.2 (0.2) (0.7) (1.3)
Net income (loss) 4.8 (16.8) 79.7 36.4
Other comprehensive loss, net of tax 3.9 (3.0) 1.6 (12.9)
Comprehensive income (loss) 8.7 (19.8) 81.3 23.5
Eliminations
       
Condensed Consolidating Financial Statements        
Net sales 0 0 0 0
Cost of sales 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses 0 0 0 0
Research and development expenses 0 0 0 0
Separation costs 0 0 0 0
Restructuring charges, net 0 0 0 0
Gains on divestiture and license 0 0 0 0
Operating income (loss) 0 0 0 0
Interest expense 0 0 0 0
Interest income 0 0 0 0
Other income (expense), net 0 0 0 0
Intercompany interest and fees 0 0 0 0
Equity in net income of subsidiaries 14.8 42.9 (111.6) (63.5)
Income (loss) from continuing operations before income taxes 14.8 42.9 (111.6) (63.5)
Income tax expense (benefit) 0 0 0 0
Income (loss) from continuing operations 14.8 42.9 (111.6) (63.5)
Loss from discontinued operations, net of income taxes 0 0 0 0
Net income (loss) 14.8 42.9 (111.6) (63.5)
Other comprehensive loss, net of tax (8.0) 9.4 (3.6) 33.2
Comprehensive income (loss) $ 6.8 $ 52.3 $ (115.2) $ (30.3)