XML 155 R138.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidating and Combining Financial Statements (Schedule of Condensed Consolidating and Combining Statements of Comprehensive Income) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 29, 2017
Sep. 29, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 30, 2016
Sep. 30, 2016
Jun. 24, 2016
Mar. 25, 2016
Dec. 25, 2015
Dec. 29, 2017
Sep. 30, 2016
Sep. 25, 2015
Condensed Consolidating Financial Statements                        
Net sales $ 792.3 $ 793.9 $ 824.5 $ 810.9 $ 829.9 $ 887.2 $ 866.6 $ 815.8 $ 811.2 $ 3,221.6 $ 3,380.8 $ 2,923.1
Cost of sales         384.1       360.3 1,565.3 1,525.8 1,300.2
Gross profit 421.0 400.6 416.1 418.6 445.8 490.2 488.8 425.1 450.9 1,656.3 1,855.0 1,622.9
Selling, general and administrative expenses         368.3       223.3 920.9 925.3 1,023.8
Research and development expenses         66.2       61.4 277.3 262.2 203.3
Separation costs         0.0         0.0 0.0 0.0
Restructuring charges, net         3.8       4.1 31.2 33.3 45.0
Non-restructuring impairment charges         214.3         63.7 16.9 0.0
Gain on divestiture and license         0.0         (56.9) 0.0 (3.0)
Operating income (loss)         (206.8)       (162.1) 420.1 617.3 353.8
Interest expense         (91.3)       (97.8) (369.1) (384.6) (255.6)
Interest income         0.5       0.2 4.6 1.3 1.0
Other income (expense), net         (0.9)       2.0 6.0 (0.6) 8.1
Intercompany interest and fees         0.0         0.0 0.0 0.0
Equity in net income of subsidiaries         0.0         0.0 0.0 0.0
Income (loss) from continuing operations before income taxes         (298.5)       66.5 61.6 233.4 107.3
Income Tax Expense (Benefit)         (121.7)       (37.3) (1,709.6) (255.6) (129.3)
Income (loss) from continuing operations 1,607.4 64.3 70.6 28.9 (176.8) 110.0 176.7 98.5 103.8 1,771.2 489.0 236.6
Income (loss) from discontinued operations, net of income taxes 1.3 (0.6) (7.8) 370.3 23.6 5.0 22.6 19.8 107.3 363.2 154.7 88.1
Net income (loss) $ 1,608.7 $ 63.7 $ 62.8 $ 399.2 (153.2) $ 115.0 $ 199.3 $ 118.3 $ 211.1 2,134.4 643.7 324.7
Other comprehensive loss, net of tax         13.1         59.6 (86.5) (64.8)
Comprehensive income (loss)         (140.1)         2,194.0 557.2 259.9
Mallinckrodt plc                        
Condensed Consolidating Financial Statements                        
Net sales         0.0         0.0 0.0 0.0
Cost of sales         0.0         2.6 0.0 0.0
Gross profit         0.0         (2.6) 0.0 0.0
Selling, general and administrative expenses         13.4         59.5 51.3 116.3
Research and development expenses         0.0         5.1 0.0 0.0
Separation costs         0.0         0.0 0.0 0.0
Restructuring charges, net         0.0         0.0 0.0 9.8
Non-restructuring impairment charges         0.0         0.0 0.0 0.0
Gain on divestiture and license         0.0         0.0 0.0 0.0
Operating income (loss)         (13.4)         (67.2) (51.3) (126.1)
Interest expense         (2.9)         (13.8) (230.3) 96.4
Interest income         0.0         7.3 0.0 0.0
Other income (expense), net         1.8         20.3 90.0 216.3
Intercompany interest and fees         4.4         18.3 16.1 14.7
Equity in net income of subsidiaries         (136.5)         2,200.0 820.8 330.6
Income (loss) from continuing operations before income taxes         (155.4)         2,128.3 613.1 309.7
Income Tax Expense (Benefit)         (2.2)         (6.1) (30.6) (15.9)
Income (loss) from continuing operations         (153.2)         2,134.4 643.7 325.6
Income (loss) from discontinued operations, net of income taxes         0.0         0.0 0.0 (0.9)
Net income (loss)         (153.2)         2,134.4 643.7 324.7
Other comprehensive loss, net of tax         13.1         59.6 (86.5) (64.8)
Comprehensive income (loss)         (140.1)         2,194.0 557.2 259.9
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         0.7 0.8 15.7
Research and development expenses         0.0         0.0 0.0 0.0
Separation costs         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
Gain on divestiture and license         0.0         0.0 0.0 0.0
Operating income (loss)         (0.2)         (0.7) (0.8) (15.7)
Interest expense         (81.1)         (353.9) (327.0) (230.2)
Interest income         0.1         1.2 0.5 0.1
Other income (expense), net         0.7         (1.7) 1.7 0.0
Intercompany interest and fees         0.0         0.0 0.0 0.0
Equity in net income of subsidiaries         35.2         2,901.8 1,327.2 496.3
Income (loss) from continuing operations before income taxes         (45.3)         2,546.7 1,001.6 250.5
Income Tax Expense (Benefit)         (0.3)         (5.3) (18.1) 0.0
Income (loss) from continuing operations         (45.0)         2,552.0 1,019.7 250.5
Income (loss) from discontinued operations, net of income taxes         0.4         (2.1) 38.2 0.0
Net income (loss)         (44.6)         2,549.9 1,057.9 250.5
Other comprehensive loss, net of tax         13.1         59.6 (86.5) (64.8)
Comprehensive income (loss)         (31.5)         2,609.5 971.4 185.7
Other Subsidiaries                        
Condensed Consolidating Financial Statements                        
Net sales         829.9         3,221.6 3,380.8 2,923.1
Cost of sales         384.1         1,562.7 1,525.8 1,300.2
Gross profit         445.8         1,658.9 1,855.0 1,622.9
Selling, general and administrative expenses         354.7         860.7 873.2 891.8
Research and development expenses         66.2         272.2 262.2 203.3
Separation costs         0.0         0.0 0.0 0.0
Restructuring charges, net         3.8         31.2 33.3 35.2
Non-restructuring impairment charges         214.3         63.7 16.9 0.0
Gain on divestiture and license         0.0         (56.9) 0.0 (3.0)
Operating income (loss)         (193.2)         488.0 669.4 495.6
Interest expense         (17.9)         (74.2) (82.4) (25.2)
Interest income         11.0         68.9 255.9 97.1
Other income (expense), net         (3.4)         (12.6) (92.3) (208.2)
Intercompany interest and fees         (4.4)         (18.3) (16.1) (14.7)
Equity in net income of subsidiaries         (44.5)         2,549.9 1,057.9 250.5
Income (loss) from continuing operations before income taxes         (243.6)         3,038.3 1,824.6 624.5
Income Tax Expense (Benefit)         (119.2)         (1,698.2) (206.9) (113.4)
Income (loss) from continuing operations         (124.4)         4,736.5 2,031.5 737.9
Income (loss) from discontinued operations, net of income taxes         23.2         365.3 116.5 89.0
Net income (loss)         (101.2)         5,101.8 2,148.0 826.9
Other comprehensive loss, net of tax         26.0         118.2 (173.5) (69.9)
Comprehensive income (loss)         (75.2)         5,220.0 1,974.5 757.0
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
Separation costs         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
Gain on divestiture and license         0.0         0.0 0.0 0.0
Operating income (loss)         0.0         0.0 0.0 0.0
Interest expense         10.6         72.8 255.1 96.2
Interest income         (10.6)         (72.8) (255.1) (96.2)
Other income (expense), net         0.0         0.0 0.0 0.0
Intercompany interest and fees         0.0         0.0 0.0 0.0
Equity in net income of subsidiaries         145.8         (7,651.7) (3,205.9) (1,077.4)
Income (loss) from continuing operations before income taxes         145.8         (7,651.7) (3,205.9) (1,077.4)
Income Tax Expense (Benefit)         0.0         0.0 0.0 0.0
Income (loss) from continuing operations         145.8         (7,651.7) (3,205.9) (1,077.4)
Income (loss) from discontinued operations, net of income taxes         0.0         0.0 0.0 0.0
Net income (loss)         145.8         (7,651.7) (3,205.9) (1,077.4)
Other comprehensive loss, net of tax         (39.1)         (177.8) 260.0 134.7
Comprehensive income (loss)         $ 106.7         $ (7,829.5) $ (2,945.9) $ (942.7)