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Income Taxes (Tables)
6 Months Ended
Dec. 31, 2015
Income Taxes [Abstract]  
Schedule of Income before Income Tax and Components of Income Tax Expense (Benefit)
Pre-tax income and the provision for income taxes from continuing operations are summarized as follows (in millions):
 
Six Months Ended
 
Fiscal Year End
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
 
June 29,
2013
Pre-tax income (loss):
 
 
 
 
 
 
 
Ireland
$
(346.9
)
 
$
(821.2
)
 
$
(369.3
)
 
$

Other
323.7

 
1,069.2

 
641.9

 
607.7

Total pre-tax income (loss)
(23.2
)
 
248.0

 
272.6

 
607.7

Provision for income taxes:
 
 
 
 
 
 
 
Current:
 
 
 
 
 
 
 
Ireland
1.4

 
(2.0
)
 
2.2

 

United States - federal
59.2

 
77.0

 
44.0

 
125.0

United States - state
3.2

 
6.9

 
9.3

 
10.7

Other foreign
40.4

 
54.1

 
49.1

 
24.3

Subtotal
104.2

 
136.0

 
104.6

 
160.1

Deferred (credit):
 
 
 
 
 
 
 
Ireland
(27.7
)
 
7.5

 
(24.2
)
 

United States - federal
(32.5
)
 
(17.5
)
 
7.8

 
16.6

United States - state
(3.3
)
 
(0.8
)
 
(5.8
)
 

Other foreign
(69.5
)
 
(5.2
)
 
(15.1
)
 
(10.9
)
Subtotal
(133.0
)
 
(16.0
)
 
(37.3
)
 
5.7

Total provision for income taxes
$
(28.8
)
 
$
120.0

 
$
67.3

 
$
165.8


Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the provision based on the Federal statutory income tax rate to our effective income tax rate is as follows:
 
Six Months Ended
 
Fiscal Year Ended
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
 
June 29,
2013
 
 
 
 
 
 
 
 
Provision at statutory rate
12.5
 %
 
12.5
 %
 
12.5
 %
 
35.0
 %
Ireland tax on non-trading differences
80.8

 
(10.3
)
 
2.8

 

Expenses not deductible for tax purposes/ deductions not expensed for book, net
(151.7
)
 
15.5

 
12.1

 
(0.6
)
U.S. Operations:
 
 
 
 
 
 
 
State income taxes, net of federal benefit
(15.3
)
 
(1.0
)
 
(0.2
)
 
1.1

Foreign tax credit

 

 
0.2

 
(0.1
)
Research and development credit
5.1

 
(0.8
)
 
(0.5
)
 
(0.5
)
Other
(43.3
)
 
5.6

 
(0.8
)
 
(1.0
)
Other foreign differences (earnings taxed at other than applicable statutory rate)
394.8

 
(16.6
)
 
(16.0
)
 
(8.7
)
Worldwide operations:
 
 
 
 
 
 
 
Valuation allowance changes
(148.6
)
 
25.0

 
2.9

 

Audit impacts

 

 

 
(1.2
)
     Change in unrecognized taxes
(10.1
)
 
18.5

 
15.0

 
3.3

Rate change impacts

 

 
(3.3
)
 

Effective income tax rate
124.2
 %
 
48.4
 %
 
24.7
 %
 
27.3
 %
    
Schedule of Deferred Tax Assets and Liabilities
The components of our net deferred income tax asset (liability) were as follows:
    
 
Six Months Ended
 
Fiscal Year Ended
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
Deferred income tax asset (liability):
 
 
 
 
 
Depreciation and amortization
$
(1,808.5
)
 
$
(1,889.0
)
 
$
(982.6
)
Inventory basis differences
21.0

 
30.2

 
43.9

Accrued liabilities
58.1

 
67.2

 
84.3

Allowance for doubtful accounts
1.3

 
0.9

 
0.9

Research and development
63.7

 
62.8

 
3.7

Loss carryforwards
243.6

 
242.7

 
47.1

Share-based compensation
20.6

 
14.3

 
14.3

Foreign tax credit
10.6

 
10.6

 
10.6

Federal benefit of unrecognized tax positions
22.8

 
26.3

 
20.7

Interest carryforwards
334.6

 
259.7

 
253.3

Other, net
14.7

 
29.7

 
59.6

Subtotal
(1,017.5
)
 
(1,144.6
)
 
(444.2
)
Valuation allowance for loss and credit carryforwards
(491.6
)
 
(519.2
)
 
(198.4
)
Net deferred income tax asset (liability):
$
(1,509.1
)
 
$
(1,663.8
)
 
$
(642.6
)

The above amounts are classified on the Consolidated Balance Sheets as follows (in millions):
 
Six Months Ended
 
Fiscal Year Ended
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
Assets
$
54.6

 
$
161.9

 
$
86.4

Liabilities
(1,563.7
)
 
(1,825.7
)
 
(729.0
)
Net deferred income tax (liability) asset
$
(1,509.1
)
 
$
(1,663.8
)
 
$
(642.6
)
Summary of Income Tax Contingencies
The following table summarizes the activity related to amounts recorded for uncertain tax positions, excluding interest and penalties (in millions):
 
Unrecognized
Tax Benefits
Balance at June 29, 2013
$
110.1

Additions:
 
Positions related to the current year
28.8

Positions related to prior years
22.7

Reductions:
 
Lapse of statutes of limitation
(1.5
)
Balance at June 28, 2014
160.1

Additions:
 
Positions related to the current year
38.9

Positions related to prior years
122.7

Reductions:
 
Settlements with taxing authorities
(1.4
)
Lapse of statutes of limitation
(1.7
)
Balance at June 27, 2015
318.6

Additions:
 
Positions related to the current year
17.9

Reductions:
 
Positions related to prior years
(38.8
)
Settlements with taxing authorities
(15.3
)
Balance at December 31, 2015
$
282.4