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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 25, 2016
Mar. 27, 2015
Mar. 25, 2016
Mar. 27, 2015
Net sales $ 918.0 $ 819.0 $ 1,832.8 $ 1,587.2
Cost of sales 438.4 356.1 861.5 719.5
Gross profit 479.6 462.9 971.3 867.7
Selling, general and administrative expenses 231.2 308.4 473.7 532.5
Research and development expenses 58.6 58.0 122.2 110.7
Restructuring charges, net 8.7 3.5 15.0 10.7
Non-restructuring impairment charges 16.9 0.0 16.9 0.0
Gains on divestiture and license (0.2) (0.9) (0.3) (1.7)
Operating income 164.4 93.9 343.8 215.5
Interest expense (97.2) (57.4) (195.0) (106.2)
Interest income 0.2 0.4 0.4 0.5
Other income (loss), net (0.7) 4.2 1.3 8.4
Income from continuing operations before income taxes 66.7 41.1 150.5 118.2
Income tax benefit (53.6) (34.1) (85.7) (44.4)
Income from continuing operations 120.3 75.2 236.2 162.6
Income (loss) from discontinued operations, net of income taxes (2.0) 23.6 93.2 28.9
Net income $ 118.3 $ 98.8 $ 329.4 $ 191.5
Basic earnings (loss) per share (Note 7):        
Income from continuing operations per share $ 1.08 $ 0.64 $ 2.09 $ 1.40
Income (loss) from discontinued operations, per share (0.02) 0.20 0.82 0.25
Net income, per share $ 1.06 $ 0.85 $ 2.91 $ 1.65
Basic weighted-averaged shares outstanding (in shares) 111.1 115.6 113.2 115.2
Diluted earnings (loss) per share (Note 7):        
Income from continuing operations, per share $ 1.07 $ 0.64 $ 2.07 $ 1.38
Income (loss) from discontinued operations, per share (0.02) 0.20 0.82 0.25
Net income, per share $ 1.06 $ 0.84 $ 2.88 $ 1.62
Diluted weighted-average shares outstanding (in shares) 112.0 117.2 114.2 116.8