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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Mar. 29, 2014
Mar. 30, 2013
Net sales $ 1,004.2 $ 919.8 $ 2,916.6 $ 2,572.6
Cost of sales 689.2 588.4 1,884.7 1,648.8
Gross profit 315.0 331.4 1,031.9 923.8
Operating expenses        
Distribution 13.9 12.6 41.2 35.0
Research and development 44.7 28.5 114.5 84.2
Selling 52.5 49.1 150.0 129.6
Administration 81.1 62.6 314.2 176.0
Write-off of in process research and development 0 0 6.0 0
Restructuring 19.5 0 36.5 0
Total operating expenses 211.7 152.8 662.4 424.8
Operating Income 103.3 178.6 369.5 499.0
Interest, net 26.2 16.1 77.3 47.2
Other expense, net 1.7 0.8 6.8 0.8
Loss on sales of investments 12.7 1.6 12.7 4.7
Loss on extinguishment of debt 0 0 165.8 0
Income before income taxes 62.7 160.1 106.9 446.3
Income tax expense 14.6 48.2 33.5 122.8
Net income $ 48.1 $ 111.9 $ 73.4 $ 323.5
Earnings per share        
Basic earnings per share $ 0.36 $ 1.19 $ 0.67 $ 3.45
Diluted earnings per share $ 0.36 $ 1.18 $ 0.67 $ 3.42
Weighted average shares outstanding        
Basic 133.7 94.0 108.9 93.8
Diluted 134.3 94.5 109.4 94.4
Dividends declared per share $ 0.105 $ 0.09 $ 0.285 $ 0.26