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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 26, 2021
Mar. 27, 2020
Net sales $ 558.0 $ 665.8
Cost of sales 307.6 382.0
Gross profit 250.4 283.8
Selling, general and administrative expenses 136.0 231.1
Research and development expenses 66.2 77.4
Restructuring charges, net 0.4 (1.8)
Non-restructuring impairment charges 64.5 0.0
Losses on divestiture 0.8 0.2
Opioid-related litigation settlement gain (Note 11) 0.0 (16.8)
Operating loss (17.5) (6.3)
Interest expense (59.6) (74.5)
Interest income 1.9 3.5
Other income, net 8.1 1.7
Reorganization Items (93.5) 0.0
Loss from continuing operations before income taxes (160.6) (75.6)
Income tax benefit (16.4) (18.9)
Loss from continuing operations (144.2) (56.7)
Income from discontinued operations, net of income taxes 0.3 6.5
Net loss $ (143.9) $ (50.2)
Basic loss per share (Note 5):    
Loss from continuing operations $ (1.70) $ (0.67)
Income from discontinued operations 0 0.08
Net loss $ (1.70) $ (0.60)
Basic weighted-averaged shares outstanding (in shares) 84.6 84.2
Diluted loss per share (Note 5):    
Loss from continuing operations $ (1.70) $ (0.67)
Income from discontinued operations 0 0.08
Net loss $ (1.70) $ (0.60)
Diluted weighted-average shares outstanding (in shares) 84.6 84.2
Retained Earnings (Deficit)    
Net loss $ (143.9) $ (50.2)