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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Net sales $ 1,231.3 $ 1,261.6 $ 3,663.1 $ 3,949.3
Cost of sales 733.5 777.1 2,196.4 2,385.2
Gross profit 497.8 484.5 1,466.7 1,564.1
Operating expenses        
Distribution 21.5 21.6 64.2 65.9
Research and development 38.4 50.2 120.8 142.5
Selling 143.5 154.6 454.1 506.9
Administration 123.3 105.4 326.9 317.2
Impairment charges 7.8 1,614.4 47.4 2,028.8
Restructuring charges 3.8 6.6 54.7 17.9
Other operating income (2.9) 0.0 (41.0) 0.0
Total operating expenses 335.4 1,952.8 1,027.1 3,079.2
Operating income (loss) 162.4 (1,468.3) 439.6 (1,515.1)
Change in financial assets 2.6 377.4 24.2 1,492.6
Interest expense, net 34.7 54.6 133.1 163.2
Other (income) expense, net (3.6) 1.0 (1.1) 32.4
Loss on extinguishment of debt 0.0 0.7 135.2 1.1
Income (loss) before income taxes 128.7 (1,902.0) 148.2 (3,204.4)
Income tax expense (benefit) 84.2 (311.8) 101.8 (550.7)
Net income (loss) $ 44.5 $ (1,590.2) $ 46.4 $ (2,653.7)
Earnings (loss) per share        
Basic $ 0.31 $ (11.10) $ 0.33 $ (18.53)
Diluted $ 0.31 $ (11.10) $ 0.32 $ (18.53)
Weighted-average shares outstanding        
Basic 141.3 143.3 142.5 143.2
Diluted 141.7 143.3 142.8 143.2
Dividends declared per share (in dollars per share) $ 0.16 $ 0.145 $ 0.480 $ 0.435