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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2018
Sep. 29, 2017
Sep. 28, 2018
Sep. 29, 2017
Net sales $ 640.0 $ 600.6 $ 1,844.3 $ 1,760.7
Cost of sales 326.2 268.0 936.7 808.3
Gross profit 313.8 332.6 907.6 952.4
Selling, general and administrative expenses 164.0 186.3 520.7 618.5
Research and development expenses 78.5 46.9 223.9 144.2
Restructuring charges, net 14.7 15.4 96.5 26.3
Losses (gains) on divestiture 0.6 0.4 0.6 (56.6)
Operating income 56.0 83.6 65.9 220.0
Interest expense (93.6) (92.6) (280.1) (279.0)
Interest income 2.0 1.3 6.6 2.8
Other income (expense), net 13.4 3.0 17.5 (70.6)
Loss from continuing operations before income taxes (22.2) (4.7) (190.1) (126.8)
Income tax benefit (125.2) (57.8) (222.0) (153.4)
Income from continuing operations 103.0 53.1 31.9 26.6
Income from discontinued operations, net of income taxes 10.8 10.6 79.5 499.1
Net income $ 113.8 $ 63.7 $ 111.4 $ 525.7
Basic earnings per share (Note 8):        
Income from continuing operations, per share $ 1.24 $ 0.55 $ 0.38 $ 0.27
Income from discontinued operations, per share 0.13 0.11 0.94 5.02
Net income, per share $ 1.37 $ 0.66 $ 1.32 $ 5.28
Basic weighted-averaged shares outstanding (in shares) 83.2 96.7 84.2 99.5
Diluted earnings per share (Note 8):        
Income from continuing operations, per share $ 1.21 $ 0.55 $ 0.37 $ 0.27
Income from discontinued operations, per share 0.13 0.11 0.93 5.00
Net income, per share $ 1.34 $ 0.66 $ 1.31 $ 5.27
Diluted weighted-average shares outstanding (in shares) 85.0 97.0 85.2 99.8