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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Jun. 29, 2018
Jun. 30, 2017
Net sales $ 631.7 $ 600.1 $ 1,204.3 $ 1,160.1
Cost of sales 314.7 280.4 610.5 540.3
Gross profit 317.0 319.7 593.8 619.8
Selling, general and administrative expenses 164.3 214.6 356.7 432.2
Research and development expenses 81.3 52.3 145.4 97.3
Restructuring charges, net 58.7 0.6 81.8 10.9
Losses (gains) on divestiture 0.0 2.1 0.0 (57.0)
Operating income 12.7 50.1 9.9 136.4
Interest expense (95.1) (92.2) (186.5) (186.4)
Interest income 1.4 0.6 4.6 1.5
Other (expense) income, net (0.5) 6.3 4.1 (73.6)
Loss from continuing operations before income taxes (81.5) (35.2) (167.9) (122.1)
Income tax benefit (53.4) (53.6) (96.8) (95.6)
Income from continuing operations (28.1) 18.4 (71.1) (26.5)
Income from discontinued operations, net of income taxes 43.7 44.4 68.7 488.5
Net income (loss) $ 15.6 $ 62.8 $ (2.4) $ 462.0
Basic earnings per share (Note 8):        
Income from continuing operations, per share $ (0.34) $ 0.19 $ (0.84) $ (0.26)
(Loss) income from discontinued operations, per share 0.53 0.45 0.81 4.84
Net income, per share $ 0.19 $ 0.64 $ (0.03) $ 4.58
Basic weighted-averaged shares outstanding (in shares) 83.2 98.5 84.7 100.9
Diluted earnings per share (Note 8):        
Income from continuing operations, per share $ (0.34) $ 0.19 $ (0.84) $ (0.26)
(Loss) income from discontinued operations, per share 0.53 0.45 0.81 4.84
Net income, per share $ 0.19 $ 0.64 $ (0.03) $ 4.58
Diluted weighted-average shares outstanding (in shares) 83.2 98.7 84.7 100.9