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Selected Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 27, 2019
Sep. 27, 2019
Jun. 28, 2019
Mar. 29, 2019
Dec. 28, 2018
Sep. 28, 2018
Jun. 29, 2018
Mar. 30, 2018
Dec. 27, 2019
Dec. 28, 2018
Dec. 29, 2017
Quarterly Financial Information Disclosure [Abstract]                      
Opioid-related litigation settlement charge                 $ 1,643.4 $ 0.0 $ 0.0
Depreciation Expense on Reclassified Assets                   17.7  
Amortization Expense on Reclassified Assets                   6.8  
Depreciation and Amortization Expense on Reclassified Assets                   24.5  
Net sales $ 804.9 $ 743.7 $ 823.3 $ 790.6 $ 834.9 $ 799.9 $ 825.5 $ 755.3 3,162.5 3,215.6 3,221.6
Gross profit 373.1 324.3 388.9 335.1 363.3 366.4 394.0 347.5 1,421.4 1,471.2 1,657.5
Income (loss) from continuing operations (1,161.0) [1] (0.9) [1] (0.5) [1] 155.2 [1] (3,718.4) [2],[3] 114.2 [2],[3] 3.2 [2],[3] (20.9) [2],[3] (1,007.2) (3,621.9) 1,771.2
Income (loss) from discontinued operations, net of income taxes 3.9 (0.2) 7.3 (0.3) 0.0 (0.4) 12.4 2.9 10.7 14.9 363.2
Net (loss) income $ (1,157.1) $ (1.1) $ 6.8 $ 154.9 $ (3,718.4) $ 113.8 $ 15.6 $ (18.0) $ (996.5) $ (3,607.0) $ 2,134.4
Income (Loss) from Continuing Operations, Per Basic Share $ (13.80) [4] $ (0.01) [4] $ (0.01) [4] $ 1.86 [4] $ (44.64) [4] $ 1.37 [4] $ 0.04 [4] $ (0.24) [4] $ (12.00) $ (43.12) $ 18.13
Diluted earnings (loss) per share from continuing operations (in usd per share) $ (13.80) [4] $ (0.01) [4] $ (0.01) [4] $ 1.83 [4] $ (44.64) [4] $ 1.34 [4] $ 0.04 [4] $ (0.24) [4] $ (12.00) $ (43.12) $ 18.09
[1]
Includes administration expenses and certain compensation, legal, environmental and other costs not charged to the Company's reportable segments.
[2]
Loss from continuing operations for the quarter ended December 28, 2018 reflects impairment charges for goodwill and an IPR&D asset. See Note 13 for further information.
[3]
The "Specialty Generics Disposal Group" was included within discontinued operations during the first three quarters of fiscal 2018, and was subsequently recast to be included within continuing operations during the fourth quarter of fiscal 2018. In accordance with U.S. GAAP, depreciation and amortization are not recorded during the period in which a disposal group is classified as held-for-sale, thus the Company's financial results during the first three quarters of fiscal 2018 did not include $17.7 million and $6.8 million of depreciation and amortization expense, respectively, related to the Specialty Generics Disposal Group. During the fourth quarter of fiscal 2018, the Specialty Generics Disposal Group was reclassified to held and used and measured at its carrying amount before it was classified as held-for-sale, adjusted for depreciation and amortization expense that would have been recognized had the disposal group been continuously classified as held and used. The total adjustment of $24.5 million was reflected in loss from continuing operations during the fourth quarter of fiscal 2018, the period in which the held-for-sale criteria were no longer met. The Specialty Generics Disposal Group included (1) the Company's Specialty Generics business comprised of what was the Company's Specialty Generics segment in fiscal 2017, with the exception of BioVectra; (2) certain of the Company's non-promoted brands business; and (3) the Company's post-divestiture supply agreement with the acquirer of the contrast media and delivery systems ("CMDS") business.
[4]
Includes restructuring-related accelerated depreciation.