Acquisition and Divestitures (Tables)

6 Months Ended

Apr. 03, 2016

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

A summary of the consideration for PMC is as follows:



Cash consideration	$	1,983.2
Share consideration	476.2
Assumption of equity awards	15.7
Accrued cash consideration	0.3
Total consideration	$	2,475.4

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

We recorded PMC's tangible and intangible assets and liabilities based on their estimated fair values as of the Acquisition Date and allocated the remaining purchase consideration to goodwill. The preliminary allocation is as follows:



Cash and cash equivalents	$	313.0
Accounts receivable	53.3
Inventories	98.2
Other current assets	15.8
Property and equipment	38.0
Other assets	19.7
Identifiable intangible assets	745.6
Goodwill	1,430.8
Deferred income taxes, net	(39.3		)
Current liabilities	(139.2		)
Other non-current liabilities	(60.5		)
Total consideration	$	2,475.4

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The valuation of identifiable intangible assets and their estimated useful lives are as follows:



	Asset Amount		Weighted Average Useful Life (Years)
Completed technology	$	447.0	6
In-process research and development	241.0		0
Customer relationships	46.0		9
Other	11.6		1
	$	745.6

Business Acquisition, Pro Forma Information

Supplemental pro forma data is as follows:



	Six Months Ended
	April 3, 2016			March 29, 2015
Net sales	$	923.0		$	869.7
Net loss	(75.5		)	(143.2		)
Earnings (loss) per share
Basic	$	(0.68	)	$	(1.30	)
Diluted	$	(0.68	)	$	(1.30	)

Assets And Liabilities Held For Sale

The following table summarizes the carrying value of assets and liabilities held for sale:



	April 3, 2016
Accounts receivable, net	$	24.4
Inventory, net	25.3
Fixed assets, net	10.0
Goodwill	103.9
Intangible assets, net	10.0
Other assets	1.5
Assets held for sale	$	175.1

Accounts payable	$	6.1
Accrued payroll and employee benefits	1.9
Deferred revenue	0.1
Other liabilities	0.9
Liabilities held for sale	$	9.0