XML 126 R90.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, shares in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 26, 2015
Jun. 27, 2015
Mar. 28, 2015
Dec. 27, 2014
Sep. 27, 2014
Jun. 28, 2014
Mar. 29, 2014
Dec. 28, 2013
Sep. 28, 2013
Dec. 31, 2015
Dec. 27, 2014
Dec. 28, 2013
Jun. 27, 2015
Jun. 28, 2014
Jun. 29, 2013
Sales Revenue, Goods, Net $ 1,424,800,000 $ 1,344,700,000 $ 1,531,600,000 $ 1,049,100,000 $ 1,071,700,000 $ 951,500,000 $ 1,144,200,000 $ 1,004,200,000 $ 979,000,000 $ 933,400,000 $ 2,769,500,000 $ 2,023,100,000   $ 4,603,900,000 $ 4,060,800,000 $ 3,539,800,000
Net sales                     2,769,500,000 [1]   $ 4,060,800,000 [1] 4,603,900,000 [1] 4,060,800,000 3,539,800,000 [1]
Gross profit 559,300,000 548,800,000 628,100,000 378,800,000 383,800,000 321,800,000 415,700,000 315,000,000 360,700,000 356,300,000 1,108,100,000 705,500,000   1,712,500,000 1,447,700,000 1,280,000,000
Net income (loss) $ (107,000,000) [2] $ 112,600,000 [3] $ 56,400,000 [4] $ (94,900,000) [5] $ 70,200,000 [6] $ 96,300,000 $ 131,700,000 [7] $ 48,100,000 [8] $ (86,000,000) [9] $ 111,400,000 [10] $ 5,600,000 $ 166,500,000   $ 128,000,000 $ 205,300,000 $ 441,900,000
Earnings (loss) per share:                                
Earnings (loss) per share, basic $ (0.74) [2],[11] $ 0.77 [3],[11] $ 0.39 [4],[11] $ (0.67) [5],[11] $ 0.52 [6],[11] $ 0.72 [11] $ 0.98 [7],[11] $ 0.36 [8],[11] $ (0.87) [9],[11] $ 1.18 [10],[11] $ 0.04 $ 1.23   $ 0.92 $ 1.78 $ 4.71
Earnings (loss) per share, diluted $ (0.74) [2],[11] $ 0.77 [3],[11] $ 0.38 [4],[11] $ (0.67) [5],[11] $ 0.51 [6],[11] $ 0.72 [11] $ 0.98 [7],[11] $ 0.36 [8],[11] $ (0.87) [9],[11] $ 1.18 [10],[11] $ 0.04 $ 1.23   $ 0.92 $ 1.77 $ 4.68
Weighted average shares outstanding                                
Basic 144.9 146.3 146.3 140.8 136.3 133.9 133.8 133.7 98.7 94.2 145.6 135.1   139.3 115.1 93.9
Diluted 144.9 146.9 146.8 140.8 136.8 134.4 134.3 134.3 98.7 94.7 146.1 135.6   139.8 115.6 94.5
Selected Quarterly Financial Information [Abstract]                                
Business acquisition, transaction costs                 $ 103,200,000 $ 12,000,000     $ 103,200,000      
Goodwill impairment charge                     $ 0     $ 6,800,000 $ 0 $ 0
Derivative, loss on derivative       $ 258,200,000 $ 64,700,000           0     326,400,000 0 0
Net loss from equity method investment                     (7,100,000)     (9,900,000) (8,700,000)  
Proceeds from collaborators         12,500,000                      
Inventory step-up     $ 15,600,000                          
Cost of services, licenses and maintenance agreements     18,000,000   10,000,000                      
Restructuring $ 24,700,000           $ 10,500,000 $ 19,500,000 14,900,000   26,900,000 $ 4,200,000   5,100,000 47,000,000 2,900,000
Available-for-sale Securities, Gross Realized Gain (Loss) 10,700,000                   10,700,000          
Legal fees 71,300,000 $ 15,600,000 13,400,000                          
Impairment charges                     215,600,000 0   0 0 0
Business combination, acquisition related costs     $ 18,500,000   17,800,000                      
Loss on extinguishment of debt         $ 9,600,000       $ 165,800,000   (900,000) $ (9,600,000)   (10,500,000) (165,800,000) $ 0
Texas Medicaid [Member]                                
Selected Quarterly Financial Information [Abstract]                                
Loss contingency accrual       24,000,000     $ 15,000,000               $ 15,000,000  
Omega [Member]                                
Selected Quarterly Financial Information [Abstract]                                
Business combination, acquisition related costs       $ 18,600,000                        
Omega [Member]                                
Selected Quarterly Financial Information [Abstract]                                
Business combination, acquisition related costs                           $ 387,000,000    
Omega [Member] | Brands [Member]                                
Selected Quarterly Financial Information [Abstract]                                
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 185,100,000                   185,100,000          
Operating Expense [Member] | Discontinued Operations, Held-for-sale [Member] | API [Member]                                
Selected Quarterly Financial Information [Abstract]                                
Impairment charges $ 29,000,000                   $ 29,000,000          
[1] Amounts may not cross-foot due to rounding.
[2] Includes an intangible asset impairment charge of $185.1 million, Mylan defense-related fees of $71.3 million, an impairment charge on our India API held for sale assets of $29.0 million, restructuring charges of $24.7 million, and an investment impairment charge of $10.7 million.
[3] Includes Mylan defense-related fees of $15.6 million.
[4] Includes acquisition costs of $18.5 million, an initial payment made in connection with an R&D agreement of $18.0 million, an inventory step up related to the Omega acquisition totaling $15.6 million, and $13.4 million of Mylan defense-related fees.Twelve Months Ended June 28, 2014FirstQuarter(2) SecondQuarter(3) ThirdQuarter(4) FourthQuarter(5)Net sales$933.4 $979.0 $1,004.2 $1,144.2Gross profit$356.3 $360.7 $315.0 $415.7Net income (loss)$111.4 $(86.0) $48.1 $131.7Earnings (loss) per share(1): Basic$1.18 $(0.87) $0.36 $0.98Diluted$1.18 $(0.87) $0.36 $0.98Weighted average shares outstanding Basic94.2 98.7 133.7 133.8Diluted94.7 98.7 134.3 134.3
[5] Includes losses on derivatives associated with the Omega acquisition of $258.2 million and Omega financing fees of $18.6 million.
[6] Includes losses on derivatives associated with the Omega acquisition of $64.7 million, Omega transaction expenses of $17.8 million, an R&D payment made in connection with a collaborative agreement of $10.0 million, a $9.6 million loss on extinguishment of debt, partially offset by income from transfer of rights agreement of $12.5 million
[7] Includes a loss contingency of $15.0 million related to Texas Medicaid and restructuring charges totaling $10.5 million
[8] Includes restructuring charges totaling $19.5 million
[9] Includes loss on extinguishment of debt of $165.8 million, Elan transaction costs of $103.2 million, and restructuring charges totaling $14.9 million
[10] Includes Elan transactions costs of $12.0 million
[11] The sum of individual per share amounts may not equal due to rounding.