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Consolidated and Combined Statements of Income - USD ($)
shares in Millions, $ 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
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
Other Asset Impairment Charges         214.3       0.0 63.7 16.9 0.0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal         0.0         (56.9) 0.0 (3.0)
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
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 from discontinued operations, net of tax expense of $5.4, $43.5, $47.9 and $15.3 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
Basic earnings per share (Note 9):                        
Income (Loss) from Continuing Operations, Per Basic Share $ 17.43 [1] $ 0.66 [1] $ 0.72 [1] $ 0.28 [1] $ (1.67) $ 1.02 [1] $ 1.63 [1] $ 0.89 [1] $ 0.90 [1] $ 18.13 $ 4.42 $ 2.03
Income (Loss) from Discontinued Operations, Per Basic Share         0.22       0.93 3.72 1.40 0.75
Net income (in usd per share)         $ (1.45)       $ 1.83 $ 21.85 $ 5.82 $ 2.78
Weighted Average Number of Shares Outstanding, Basic         105.7       115.4 97.7 110.6 115.8
Diluted earnings per share (Note 9):                        
Income (Loss) from Continuing Operations, Per Diluted Share $ 17.40 [1] $ 0.66 [1] $ 0.72 [1] $ 0.28 [1] $ (1.67) $ 1.01 [1] $ 1.62 [1] $ 0.88 [1] $ 0.89 [1] $ 18.09 $ 4.39 $ 2.00
Income (Loss) from Discontinued Operations, Per Diluted Share         0.22       0.92 3.71 1.39 0.75
Net income (in usd per share)         $ (1.45)       $ 1.82 $ 21.80 $ 5.77 $ 2.75
Diluted weighted-average shares oustanding (in shares)         105.7       116.3 97.9 111.5 117.2
[1] 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.