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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Oct. 01, 2016
Sep. 26, 2015
Income Statement [Abstract]        
Net sales $ 1,261.6 $ 1,273.1 $ 3,949.3 [1] $ 3,655.6 [1]
Cost of sales 777.1 737.9 2,385.2 2,150.0
Gross profit 484.5 535.2 1,564.1 1,505.6
Operating expenses        
Distribution 21.6 24.9 65.9 63.3
Research and development 50.2 41.6 142.5 139.7
Selling 154.6 167.9 506.9 391.6
Administration 105.4 123.3 317.2 343.1
Impairment charges 1,614.4 0.0 2,028.8 6.8
Restructuring 6.6 2.2 17.9 3.1
Total operating expenses 1,952.8 359.9 3,079.2 947.6
Operating income (loss) (1,468.3) 175.3 (1,515.1) [1] 558.0 [1]
Tysabri® royalty stream - change in fair value 377.4 (173.8) 1,492.6 (205.4)
Interest expense, net 54.6 43.4 163.2 132.7
Other expense, net 1.0 10.9 32.4 284.8
Loss on extinguishment of debt 0.7 0.0 1.1 0.9
Income (loss) before income taxes (1,902.0) 294.8 (3,204.4) 345.0
Income tax expense (benefit) (311.8) 33.9 (550.7) 128.6
Net income (loss) $ (1,590.2) $ 260.9 $ (2,653.7) $ 216.4
Income (loss) per share        
Basic (in dollars per share) $ (11.10) $ 1.78 $ (18.53) $ 1.50
Diluted (in dollars per share) $ (11.10) $ 1.78 $ (18.53) $ 1.50
Weighted-average shares outstanding        
Basic (in shares) 143.3 146.3 143.2 144.4
Diluted (in shares) 143.3 146.9 143.2 145.0
Dividends declared per share (in dollars per share) $ 0.145 $ 0.125 $ 0.435 $ 0.375
[1] The BCH segment was created on March 30, 2015 as a result of the Omega acquisition, thus data for the nine months ended September 26, 2015 includes only six months of results from operations attributable to Omega.