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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Cash Flows From (For) Operating Activities    
Net income (loss) $ 2.0 $ (1,063.5)
Adjustments to derive cash flows    
Depreciation and amortization 220.8 223.7
Share-based compensation 14.8 9.6
Impairment charges 39.6 414.4
Change in financial asset 21.6 1,115.3
Loss on extinguishment of debt 135.2 0.4
Restructuring charges 50.8 11.3
Deferred income taxes (8.1) (322.8)
Amortization of debt discount (premium) (11.8) (16.2)
Other non-cash adjustments (20.6) 28.1
Subtotal 444.3 400.3
Increase (decrease) in cash due to:    
Accounts receivable 51.8 41.2
Inventories (4.6) 4.7
Accounts payable (6.0) (47.0)
Payroll and related taxes (37.9) (39.2)
Accrued customer programs (13.8) (44.2)
Accrued liabilities (49.4) (53.9)
Accrued income taxes (85.8) (2.8)
Other (13.3) (29.4)
Subtotal (159.0) (170.6)
Net cash from (for) operating activities 285.3 229.7
Cash Flows From (For) Investing Activities    
Proceeds from royalty rights 85.7 169.9
Acquisitions of businesses, net of cash acquired 0.0 (419.7)
Additions to property and equipment (37.2) (57.1)
Proceeds from sale of business and other assets 37.2 0.0
Proceeds from sale of the Tysabri® royalty stream 2,200.0 0.0
Other investing (3.7) (1.0)
Net cash from (for) investing activities 2,282.0 (307.9)
Cash Flows From (For) Financing Activities    
Issuances of long-term debt 0.0 1,190.3
Payments on long-term debt (2,229.1) (28.7)
Borrowings (repayments) of revolving credit agreements and other financing, net 0.0 (803.9)
Deferred financing fees (4.0) (2.4)
Premium on early debt retirement 116.1 0.0
Issuance of ordinary shares 0.2 3.5
Repurchase of ordinary shares 58.2 0.0
Cash dividends (46.0) (41.6)
Other financing 4.7 (11.7)
Net cash from (for) financing activities (2,448.5) 305.5
Effect of exchange rate changes on cash and cash equivalents 19.7 (3.3)
Net increase in cash and cash equivalents 138.5 224.0
Cash and cash equivalents, beginning of period 622.3 417.8
Cash and cash equivalents, end of period $ 760.8 $ 641.8