Post Employment Plans - (Tables)

12 Months Ended

Jun. 28, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Defined Benefit Plans Disclosures

The change in the projected benefit obligation and plan assets at June 28, 2014 from the acquisition date of Elan as of December 18, 2013 consists of the following (in millions):

	Fiscal 2014
Projected benefit obligation at December 18, 2013	$	84.4
Interest cost	1.4
Actuarial loss	12.1
Benefits paid	(0.2		)
Settlements	(8.0		)
Foreign currency translation	(0.7		)
Benefit obligation at June 28, 2014	$	89.0
Fair value of plan assets at December 18, 2013	107.3
Actual return on plan assets	5.4
Benefits paid	(0.2		)
Settlements	(12.1		)
Foreign currency translation	(0.8		)
Fair value of plan assets at June 28, 2014	$	99.6
Funded status recognized in Other Assets	$	10.6

Schedule of Expected Benefit Payments

At June 28, 2014, the total estimated future benefit payments to be paid by the plans for the fiscal periods 2015 - 2019 is approximately $0.6 million, paid out as follows:

Fiscal year	Pension Benefits
2015	$	—
2016	0.1
2017	0.1
2018	0.1
2019	0.3
2020 - 2024	4.5

Schedule of Costs of Retirement Plans

Net periodic pension cost for the period from December 18, 2013 to June 28, 2014 consisted of the following (in millions):

	Fiscal 2014
Interest cost	$	1.4
Expected return on plan assets	(1.9		)
Net actuarial (gain)/loss	0.7
Net periodic pension cost	$	0.2

Schedule of Assumptions Used

As of June 28, 2014, the expected long-term rate of return on assets of 2.92% was calculated based on the assumptions of the following returns for each asset class:

	2014
Equities	6.3	%
Property	5.3	%
Bonds	2.3	%
Cash	2.0	%
Absolute return fund	4.0	%

The weighted-average assumptions used to determine net periodic pension cost and benefit obligation as of June 28, 2014 were:

	2014
Discount Rate	2.90	%
Inflation	2.00	%
Expected Return on Assets	2.92	%

Schedule of Allocation of Plan Assets

The long-term asset allocation ranges of the trusts are as follows:

Equities	60%-80%
Bonds	10%-40%
Property	0%-10%
Other	0%-10%

The following table sets forth the fair value of the pension plan assets, as of June 28, 2014 (in millions):

	Quoted Prices in Active Markets		Other Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Equities	$	20.8	$	—	$	—	$	20.8
Bonds	48.3		—		—		48.3
Property	—		—		0.8		0.8
Cash	0.1		—		—		0.1
Absolute return fund	29.6		—		—		29.6
Total	$	98.8	$	—	$	0.8	$	99.6

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets

The following table sets forth a summary of the changes in the fair value of the Level 3 pension plan assets, which were measured at fair value on a recurring basis for the fiscal period ended June 28, 2014 (in millions):

	Fiscal 2014
Level 3 assets held at December 18, 2013	$	0.7
Unrealized gains	0.1
Level 3 assets held at June 28, 2014	$	0.8