XML 95 R82.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidating Financial Statements (Schedule of Condensed Consolidating Statements of Comprehensive Income) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 24, 2016
Jun. 30, 2017
Jun. 24, 2016
Condensed Consolidating Financial Statements        
Net sales $ 824.5 $ 866.6 $ 1,635.4 $ 1,682.4
Cost of sales 408.4 377.8 800.7 768.5
Gross profit 416.1 488.8 834.7 913.9
Selling, general and administrative expenses 232.1 224.9 540.2 434.2
Research and development expenses 69.2 74.8 131.4 132.9
Restructuring charges, net 0.6 14.0 17.8 22.4
Non-restructuring impairment charges 0.0 0.0 0.0 16.9
Losses (gains) on divestiture and license 2.1 0.0 (57.0) 0.0
Operating income 112.1 175.1 202.3 307.5
Interest expense (92.2) (95.6) (186.4) (192.8)
Interest income 0.6 0.4 1.5 0.6
Other income (expense), net 10.0 (1.3) 2.5 (2.0)
Intercompany Interest And Fees 0.0 0.0 0.0 0.0
Income (Loss) from Equity Method Investments 0.0 0.0 0.0 0.0
Income from continuing operations before income taxes 30.5 78.6 19.9 113.3
Income tax benefit (40.1) (98.1) (79.6) (161.9)
Income (Loss) from Continuing Operations 70.6 176.7 99.5 275.2
(Loss) income from discontinued operations, net of income taxes (7.8) 22.6 362.5 42.4
Net Income (Loss) 62.8 199.3 462.0 317.6
Other Comprehensive Income (Loss), Net of Tax 1.9 (0.6) 64.5 (0.4)
Comprehensive Income (Loss) 64.7 198.7 526.5 317.2
Mallinckrodt plc        
Condensed Consolidating Financial Statements        
Net sales 0.0 0.0 0.0 0.0
Cost of sales 0.9 0.0 0.9 0.0
Gross profit (0.9) 0.0 (0.9) 0.0
Selling, general and administrative expenses 15.1 12.3 33.3 26.2
Research and development expenses 1.8 0.0 1.8 0.0
Restructuring charges, net 0.0 0.0 0.0 0.0
Non-restructuring impairment charges 0.0 0.0 0.0 0.0
Losses (gains) on divestiture and license 0.0 0.0 0.0 0.0
Operating income (17.8) (12.3) (36.0) (26.2)
Interest expense (3.4) (56.3) (6.7) (126.2)
Interest income 2.0 0.0 3.1 0.0
Other income (expense), net 2.2 2.6 17.6 14.9
Intercompany Interest And Fees (3.5) (4.5) (9.0) (7.3)
Income (Loss) from Equity Method Investments 81.0 260.2 489.7 452.7
Income from continuing operations before income taxes 60.5 189.7 458.7 307.9
Income tax benefit (1.3) (9.6) (3.3) (9.7)
Income (Loss) from Continuing Operations 61.8 199.3 462.0 317.6
(Loss) income from discontinued operations, net of income taxes 1.0 0.0 0.0 0.0
Net Income (Loss) 62.8 199.3 462.0 317.6
Other Comprehensive Income (Loss), Net of Tax 1.9 (0.6) 64.5 (0.4)
Comprehensive Income (Loss) 64.7 198.7 526.5 317.2
Mallinckrodt International Finance S.A.        
Condensed Consolidating Financial Statements        
Net sales 0.0 0.0 0.0 0.0
Cost of sales 0.0 0.0 0.0 0.0
Gross profit 0.0 0.0 0.0 0.0
Selling, general and administrative expenses 0.2 0.2 0.4 0.4
Research and development expenses 0.0 0.0 0.0 0.0
Restructuring charges, net 0.0 0.0 0.0 0.0
Non-restructuring impairment charges 0.0 0.0 0.0 0.0
Losses (gains) on divestiture and license 0.0 0.0 0.0 0.0
Operating income (0.2) (0.2) (0.4) (0.4)
Interest expense (88.7) (81.6) (174.0) (163.1)
Interest income 0.3 0.1 0.6 0.3
Other income (expense), net 6.6 0.1 (3.3) 0.0
Intercompany Interest And Fees 0.0 0.0 0.0 0.1
Income (Loss) from Equity Method Investments 254.7 380.5 851.7 712.5
Income from continuing operations before income taxes 172.7 298.9 674.6 549.4
Income tax benefit (0.2) (10.2) (0.5) (14.0)
Income (Loss) from Continuing Operations 172.9 309.1 675.1 563.4
(Loss) income from discontinued operations, net of income taxes 0.0 (0.2) (1.7) (1.7)
Net Income (Loss) 172.9 308.9 673.4 561.7
Other Comprehensive Income (Loss), Net of Tax 1.9 (0.6) 64.5 (0.4)
Comprehensive Income (Loss) 174.8 308.3 737.9 561.3
Other Subsidiaries        
Condensed Consolidating Financial Statements        
Net sales 824.5 866.6 1,635.4 1,682.4
Cost of sales 407.5 377.8 799.8 768.5
Gross profit 417.0 488.8 835.6 913.9
Selling, general and administrative expenses 216.8 212.4 506.5 407.6
Research and development expenses 67.4 74.8 129.6 132.9
Restructuring charges, net 0.6 14.0 17.8 22.4
Non-restructuring impairment charges 0.0 0.0 0.0 16.9
Losses (gains) on divestiture and license 2.1 0.0 (57.0) 0.0
Operating income 130.1 187.6 238.7 334.1
Interest expense (18.7) (20.3) (38.9) (42.0)
Interest income 16.9 62.9 31.0 138.8
Other income (expense), net 1.2 (4.0) (11.8) (16.9)
Intercompany Interest And Fees 3.5 4.5 9.0 7.2
Income (Loss) from Equity Method Investments 172.9 308.9 673.4 561.7
Income from continuing operations before income taxes 305.9 539.6 901.4 982.9
Income tax benefit (38.6) (78.3) (75.8) (138.2)
Income (Loss) from Continuing Operations 344.5 617.9 977.2 1,121.1
(Loss) income from discontinued operations, net of income taxes (8.8) 22.8 364.2 44.1
Net Income (Loss) 335.7 640.7 1,341.4 1,165.2
Other Comprehensive Income (Loss), Net of Tax 3.4 (1.4) 128.4 (1.2)
Comprehensive Income (Loss) 339.1 639.3 1,469.8 1,164.0
Eliminations        
Condensed Consolidating Financial Statements        
Net sales 0.0 0.0 0.0 0.0
Cost of sales 0.0 0.0 0.0 0.0
Gross profit 0.0 0.0 0.0 0.0
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Research and development expenses 0.0 0.0 0.0 0.0
Restructuring charges, net 0.0 0.0 0.0 0.0
Non-restructuring impairment charges 0.0 0.0 0.0 0.0
Losses (gains) on divestiture and license 0.0 0.0 0.0 0.0
Operating income 0.0 0.0 0.0 0.0
Interest expense 18.6 62.6 33.2 138.5
Interest income (18.6) (62.6) (33.2) (138.5)
Other income (expense), net 0.0 0.0 0.0 0.0
Intercompany Interest And Fees 0.0 0.0 0.0 0.0
Income (Loss) from Equity Method Investments (508.6) (949.6) (2,014.8) (1,726.9)
Income from continuing operations before income taxes (508.6) (949.6) (2,014.8) (1,726.9)
Income tax benefit 0.0 0.0 0.0 0.0
Income (Loss) from Continuing Operations (508.6) (949.6) (2,014.8) (1,726.9)
(Loss) income from discontinued operations, net of income taxes 0.0 0.0 0.0 0.0
Net Income (Loss) (508.6) (949.6) (2,014.8) (1,726.9)
Other Comprehensive Income (Loss), Net of Tax (5.3) 2.0 (192.9) 1.6
Comprehensive Income (Loss) $ (513.9) $ (947.6) $ (2,207.7) $ (1,725.3)