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Consolidated and Combined Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Sep. 25, 2015
Jun. 26, 2015
Mar. 27, 2015
Dec. 26, 2014
Sep. 26, 2014
Jun. 27, 2014
Mar. 28, 2014
Dec. 27, 2013
Sep. 25, 2015
Sep. 26, 2014
Sep. 27, 2013
Net sales $ 882.4 $ 877.3 $ 819.0 $ 768.2 $ 673.7 $ 530.1 $ 448.7 $ 429.5 $ 3,346.9 $ 2,082.0 $ 1,712.3
Cost of sales                 1,493.3 1,021.8 890.0
Gross profit 482.1 503.8 462.9 404.8 363.2 254.1 226.7 216.2 1,853.6 1,060.2 822.3
Selling, general and administrative expenses                 1,169.8 745.0 495.9
Research and development expenses                 185.1 163.5 157.9
Separation costs                 0.0 9.6 74.2
Restructuring charges, net                 40.4 81.4 23.7
Non-restructuring impairment charges                 0.0 151.6 0.0
Gain on divestiture and license                 (3.5) (15.0) (2.9)
Operating income (loss)                 461.8 (75.9) 73.5
Interest expense                 (255.6) (82.6) (19.5)
Interest income                 1.0 1.5 0.3
Other income, net                 8.1 3.1 1.4
Income (loss) from continuing operations before income taxes [1]                 215.3 (153.9) 55.7
Provision for (benefit from) income taxes [1]                 (92.9) (10.1) 47.5
Income (loss) from continuing operations 90.0 55.6 75.2 87.4 (173.5) (29.0) 20.2 38.5 308.2 (143.8) 8.2
Income (loss) from discontinued operations, net of tax expense (benefit) of $11.5, $(34.7), and $21.1 (14.8) 2.4 23.6 5.3 (178.9) 4.9 (8.6) 7.1 16.5 (175.5) 50.6
Net income (loss) $ 75.2 $ 58.0 $ 98.8 $ 92.7 $ (352.4) $ (24.1) $ 11.6 $ 45.6 $ 324.7 $ (319.3) $ 58.8
Basic earnings per share (Note 8):                      
Income (Loss) from Continuing Operations, Per Basic Share $ 0.77 [2] $ 0.47 [2] $ 0.64 [2] $ 0.75 [2] $ (2.04) [2] $ (0.50) [2] $ 0.35 [2] $ 0.67 [2] $ 2.64 $ (2.22) $ 0.14
Earnings Per Share, Basic                 0.14 (2.70) 0.88
Net income (in usd per share)                 $ 2.78 $ (4.92) $ 1.02
Weighted Average Number of Shares Outstanding, Basic                 115.8 64.9 57.7
Diluted earnings per share (Note 8):                      
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.76 [2] $ 0.47 [2] $ 0.64 [2] $ 0.74 [2] $ (2.04) [2] $ (0.50) [2] $ 0.34 [2] $ 0.66 [2] $ 2.61 $ (2.22) $ 0.14
Earnings Per Share, Diluted                 0.14 (2.70) 0.88
Net income (in usd per share)                 $ 2.75 $ (4.92) $ 1.02
Diluted weighted-average shares oustanding (in shares)                 117.2 64.9 57.8
[1] Domestic reflects U.K. in fiscal 2015, and U.S. federal and state in fiscal 2014 and fiscal 2013.
[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 Annual Report on Form 10-K.