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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Jul. 02, 2016
Jun. 27, 2015
Net sales $ 1,481.0 $ 1,531.6 $ 2,864.2 [1] $ 2,580.8 [1]
Cost of sales 913.8 903.5 1,774.1 1,573.8
Gross profit 567.2 628.1 1,090.1 1,007.0
Operating expenses        
Distribution 22.5 23.7 44.3 38.4
Research and development 47.0 62.6 92.2 98.0
Selling 171.6 174.9 352.4 223.7
Administration 101.8 140.1 208.2 219.7
Impairment charges (credits) (19.8) 0.0 447.2 0.0
Restructuring 5.8 (0.1) 11.3 1.0
Total operating expenses 328.9 401.2 1,155.6 580.8
Operating income (loss) 238.3 226.9 (65.5) [1] 426.2 [1]
Interest expense, net 57.4 45.9 108.6 89.2
Other expense, net 29.3 22.7 33.1 281.3
Loss on extinguishment of debt 0.0 (0.9) (0.4) (0.9)
Income (loss) before Income Taxes 151.6 157.4 (207.6) 54.8
Income tax expense (benefit) (42.7) 101.0 (67.3) 93.2
Net income (loss) $ 194.3 $ 56.4 $ (140.3) $ (38.4)
Income (loss) per share [Abstract]        
Basic income (loss) per share $ 1.36 $ 0.39 $ (0.98) $ (0.27)
Diluted income (loss) per share $ 1.35 $ 0.38 $ (0.98) $ (0.27)
Weighted average shares outstanding        
Basic 143.2 146.3 143.2 143.5
Diluted 143.6 146.8 143.2 143.5
Dividends declared per share $ 0.145 $ 0.125 $ 0.290 $ 0.250
[1] The BCH segment was created on March 30, 2015 as a result of the Omega acquisition, thus data for the six months ended June 27, 2015 includes only three months of results from operations attributable to Omega.