XML 78 R54.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements - Additional Information (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 18, 2013
Oct. 01, 2016
Jul. 02, 2016
Apr. 02, 2016
Dec. 31, 2015
Sep. 26, 2015
Oct. 01, 2016
Sep. 26, 2015
Dec. 31, 2015
Jun. 27, 2015
May 01, 2014
Nov. 08, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                        
Discount rate             7.75%   7.72%      
Growth rate   1.70% 0.40% 1.80% 3.40%              
Reduction in cumulative cash flows   24.00% 18.00% 3.00%     24.00%          
Reduction in fair value   $ 377.4       $ (173.8) $ 1,492.6 $ (205.4)        
Decrease in fair value if discount rate increases by 0.5%   150.0     $ 260.0   150.0   $ 260.0      
Increase in fair value if discount rate decreases by 0.5%   170.0     270.0   170.0   270.0      
Increase in fair value if royalty rate increases by 5.0%   190.0     270.0   190.0   270.0      
Decrease in fair value if royalty rate decreases by 5.0%   180.0     280.0   180.0   280.0      
Accounts receivable   1,124.1     1,189.0   1,124.1   1,189.0      
Debt, carrying value   5,426.4     4,698.3   5,426.4   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   4,600.0     3,900.0   4,600.0   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   4,700.0     3,800.0   4,700.0   3,800.0      
Retail bonds                        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                        
Debt, carrying value   826.4     798.3   826.4   798.3      
Debt, unamortized premium   60.7     82.5   60.7   82.5      
Retail bonds | Level 2                        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                        
Debt, fair value   891.4     859.8   891.4   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   $ 92.7     $ 83.4   $ 92.7   $ 83.4