XML 80 R55.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements - Additional Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 18, 2013
Jul. 02, 2016
Apr. 02, 2016
Dec. 31, 2015
Jun. 27, 2015
Jul. 02, 2016
Dec. 31, 2015
Jun. 27, 2015
Jun. 27, 2015
May 01, 2014
Nov. 08, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Discount rate           7.52% 7.72%        
Growth rate   0.40% 1.80% 3.40%              
Reduction in cumulative cash flows (percent)   18.00% 3.00%     18.00%          
Reduction in fair value   $ 910.8     $ 69.2 $ 1,115.3   $ (31.5)      
Decrease in fair value if discount rate increases by 0.5%   190.0   $ 260.0   190.0 $ 260.0        
Increase in fair value if discount rate decreases by 0.5%   200.0   270.0   200.0 270.0        
Increase in fair value if royalty rate increases by 5.0%   200.0   270.0   200.0 270.0        
Decrease in fair value if royalty rate decreases by 5.0%   210.0   280.0   210.0 280.0        
Accounts receivable   1,194.1   1,189.0   1,194.1 1,189.0        
Debt, carrying value   5,918.6   4,698.3   5,918.6 4,698.3       $ 2,300.0
Public bonds and private placement notes                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Debt, carrying value   5,200.0   3,900.0   5,200.0 3,900.0        
Public bonds and private placement notes | Level 1                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Debt, fair value   5,100.0   3,800.0   5,100.0 3,800.0        
Retail bonds                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Debt, carrying value   818.6   798.3   818.6 798.3        
Debt, unamortized premium   67.5   82.5   67.5 82.5        
Retail bonds | Level 2                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Debt, fair value   885.3   859.8   885.3 859.8        
Tysabri                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Percent of royalty revenues generated by specific agreement                   12.00%  
Tysabri | Minimum                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Percent of royalty revenues generated by specific agreement                 18.00%    
Net sales                 $ 2,000.0    
Tysabri | Maximum                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Percent of royalty revenues generated by specific agreement                 25.00%    
Net sales                 $ 2,000.0    
Elan                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Acquisition date Dec. 18, 2013                    
Royalty rights | Tysabri                      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                      
Accounts receivable   $ 89.2   $ 83.4   $ 89.2 $ 83.4