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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Jun. 30, 2012
Net sales $ 4,060.8 $ 3,539.8 $ 3,173.2
Cost of sales 2,613.1 2,259.8 2,077.7
Gross profit 1,447.7 1,280.0 1,095.6
Operating expenses      
Distribution 55.3 47.5 39.1
Research and development 152.5 115.2 105.8
Selling 208.6 186.1 148.3
Administration 411.3 240.2 224.4
Write-off of in-process research and development 6.0 9.0 0
Restructuring charges 47.0 2.9 8.8
Total 880.7 600.9 526.4
Operating income 567.0 679.1 569.2
Interest, net 103.5 65.8 60.7
Other expense (income), net 12.4 0.9 (3.5)
Loss on sales of investments 12.7 4.7 0
Total loss on extinguishment of debt 165.8 0 0
Income from continuing operations before income taxes 272.6 607.7 512.0
Income tax expense 67.3 165.8 119.0
Income from continuing operations 205.3 441.9 393.0
Income from discontinued operations, net of tax 0 0 8.6
Net income $ 205.3 $ 441.9 $ 401.6
Basic      
Continuing operations $ 1.78 $ 4.71 $ 4.22
Discontinued operations $ 0.00 $ 0.00 $ 0.09
Basic earnings per share $ 1.78 $ 4.71 $ 4.31
Diluted      
Continuing operations $ 1.77 $ 4.68 $ 4.18
Discontinued operations $ 0.00 $ 0.00 $ 0.09
Diluted earnings per share $ 1.77 $ 4.68 $ 4.27
Weighted average shares outstanding      
Basic 115.1 93.9 93.2
Diluted 115.6 94.5 94.1
Dividends declared per share $ 0.39 $ 0.35 $ 0.31