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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Jul. 02, 2016
Jun. 27, 2015
Income Statement [Abstract]        
Net sales $ 1,340.5 $ 1,415.2 $ 2,687.8 [1] $ 2,382.4 [1]
Cost of sales 794.0 814.2 1,608.2 1,412.0
Gross profit 546.5 601.0 1,079.6 970.4
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 104.3 140.8 211.8 219.8
Impairment charges 10.5 6.8 414.4 6.8
Restructuring 5.8 (0.1) 11.3 1.0
Total operating expenses 361.7 408.7 1,126.4 587.7
Operating income 184.8 192.3 (46.8) [1] 382.7 [1]
Tysabri® royalty stream - change in fair value 910.8 69.2 1,115.3 (31.5)
Interest expense, net 57.4 45.9 108.6 89.2
Other expense, net 28.8 15.8 31.3 273.9
Loss on extinguishment of debt 0.0 0.9 0.4 0.9
Income (loss) before income taxes (812.2) 60.5 (1,302.4) 50.2
Income tax expense (benefit) (277.9) 82.7 (238.9) 94.7
Net loss $ (534.3) $ (22.2) $ (1,063.5) $ (44.5)
Loss per share        
Basic (in dollars per share) $ (3.73) $ (0.15) $ (7.43) $ (0.31)
Diluted (in dollars per share) $ (3.73) $ (0.15) $ (7.43) $ (0.31)
Weighted-average shares outstanding        
Basic (in shares) 143.2 146.3 143.2 143.5
Diluted (in shares) 143.2 146.3 143.2 143.5
Dividends declared per share (in dollars per share) $ 0.145 $ 0.125 $ 0.290 $ 0.25
[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.