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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 24, 2016
Jun. 26, 2015
Jun. 24, 2016
Jun. 26, 2015
Net sales $ 970.6 $ 877.3 $ 2,803.4 $ 2,464.5
Cost of sales 429.3 373.5 1,290.8 1,093.0
Gross profit 541.3 503.8 1,512.6 1,371.5
Selling, general and administrative expenses 248.4 295.0 722.1 827.5
Research and development expenses 76.1 59.9 198.3 170.6
Restructuring charges, net 14.1 22.7 29.1 33.4
Non-restructuring impairment charges 0.0 0.0 16.9 0.0
Gains on divestiture and license (0.2) (0.9) (0.5) (2.6)
Operating income 202.9 127.1 546.7 342.6
Interest expense (95.6) (72.5) (290.6) (178.7)
Interest income 0.4 0.2 0.8 0.7
Other income (loss), net (1.3) (0.4) 0.0 8.0
Income from continuing operations before income taxes 106.4 54.4 256.9 172.6
Income tax benefit (89.3) (1.2) (175.0) (45.6)
Income from continuing operations 195.7 55.6 431.9 218.2
Income (loss) from discontinued operations, net of income taxes 3.6 2.4 96.8 31.3
Net income $ 199.3 $ 58.0 $ 528.7 $ 249.5
Basic earnings (loss) per share (Note 7):        
Income from continuing operations per share $ 1.80 $ 0.47 $ 3.87 $ 1.87
Income (loss) from discontinued operations, per share 0.03 0.02 0.87 0.27
Net income, per share $ 1.84 $ 0.50 $ 4.73 $ 2.14
Basic weighted-averaged shares outstanding (in shares) 108.6 116.3 111.7 115.5
Diluted earnings (loss) per share (Note 7):        
Income from continuing operations, per share $ 1.79 $ 0.47 $ 3.84 $ 1.85
Income (loss) from discontinued operations, per share 0.03 0.02 0.86 0.26
Net income, per share $ 1.82 $ 0.49 $ 4.70 $ 2.11
Diluted weighted-average shares outstanding (in shares) 109.4 117.8 112.6 117.1