Transition period financial data (Notes)

6 Months Ended

Dec. 31, 2015

Transition period financial data [Abstract]

Transition period comparative data [Text Block]

TRANSITION PERIOD COMPARATIVE DATA

The following table presents certain financial information (in millions, except per share amounts):

	Six Months Ended
	December 31, 2015			December 27, 2014
				(Unaudited)
Net sales	$	2,769.5		$	2,023.1
Cost of sales	1,661.4			1,317.6
Gross profit	1,108.1			705.5
Operating expenses
Distribution	47.9			29.2
Research and development	88.2			89.8
Selling	325.9			95.3
Administration	309.1			165.5
Impairment charges	215.6			—
Restructuring	26.9			4.2
Total operating expenses	1,013.6			384.0
Operating income	94.5			321.5
Interest expense, net	89.9			56.7
Other expense, net	26.9			61.9
Loss on extinguishment of debt	0.9			9.6
Income (loss) before income taxes	(23.2		)	193.3
Income tax expense (benefit)	(28.8		)	26.8
Net income	$	5.6		$	166.5
Earnings per share
Basic	$	0.04		$	1.23
Diluted	$	0.04		$	1.23
Weighted-average shares outstanding
Basic	145.6			135.1
Diluted	146.1			135.6
Dividends declared per share	$	0.25		$	0.21