XML 63 R31.htm IDEA: XBRL DOCUMENT v3.2.0.727
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jun. 27, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill, by reportable segment, were as follows (in millions):
 
CHC
 
BCH
 
Rx Pharma-
ceuticals
 
Specialty Sciences
 
Other
 
Total
Balance at June 29, 2013
$
611.6

 
$

 
$
385.4

 
$

 
$
92.2

 
$
1,089.2

Business acquisitions
1,297.2

 

 
851.0

 
201.8

 

 
2,350.0

Currency translation adjustment
7.6

 

 
21.9

 

 
5.4

 
34.9

Balance at June 28, 2014
1,916.4

 

 
1,258.3

 
201.8

 
97.6

 
3,474.1

Business acquisitions
4.8

 
1,513.1

 

 

 

 
1,517.9

Impairments
(6.8
)
 

 

 

 

 
(6.8
)
Currency translation adjustment
(9.7
)
 
38.8

 
(20.0
)
 

 
(9.4
)
 
(0.3
)
Purchase accounting adjustments
(7.2
)
 

 
(4.7
)
 
(1.1
)
 

 
(13.0
)
Balance at June 27, 2015
$
1,897.5

 
$
1,551.9

 
$
1,233.6

 
$
200.7

 
$
88.2

 
$
4,971.9

Schedule of Finite and Indefinite-Lived Intangible Assets
Other intangible assets and the related accumulated amortization consisted of the following (in millions):
 
June 27, 2015
 
June 28, 2014
 
Gross
 
Accumulated
Amortization
 
Gross
 
Accumulated
Amortization
Amortizable intangibles:
 
 
 
 
 
 
 
Distribution and license agreements
$
6,029.9

 
$
502.3

 
$
6,027.3

 
$
192.1

Developed product technology/formulation and product rights
1,025.3

 
383.1

 
931.7

 
302.5

Customer relationships and distribution networks
1,749.9

 
146.2

 
372.0

 
97.5

Trademarks, trade names and brands
340.8

 
11.5

 
47.8

 
5.6

Non-compete agreements
14.7

 
11.9

 
15.3

 
9.4

Total amortizable intangibles
$
9,160.6

 
$
1,055.0

 
$
7,394.1

 
$
607.1

Non-amortizable intangibles:
 
 
 
 
 
 
 
Trademarks, trade names and brands
$
2,257.3

 
$

 
$
59.5

 
$

In-process research and development
5.8

 

 
10.2

 

Total non-amortizable intangibles
2,263.1

 

 
69.7

 

Total other intangible assets
$
11,423.7

 
$
1,055.0

 
$
7,463.8

 
$
607.1

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Our estimated future amortization expense is as follows (in millions):
Time Period
 
Amount
< 1 year
 
$
589.1

1-2 years
 
582.7

2-3 years
 
569.3

3-4 years
 
551.8

4-5 years
 
521.6

> 5 years
 
5,291.1

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]
The weighted-average useful life for our amortizable intangible assets by asset class at June 27, 2015 was as follows:
Amortizable Intangible Asset Category
 
Weighted-Average Useful Life (Years)
Distribution and license agreements
 
20
Developed product technology/formulation and product rights
 
12
Customer relationships and distribution networks
 
20
Trademarks, trade names and brands
 
19
Non-compete agreements
 
2