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Transition Period Comparative Data (Tables)
12 Months Ended
Dec. 31, 2017
Transition period financial data [Abstract]  
Transition period comparative income statement
The following table presents certain financial information (in millions, except per share amounts):
 
Six Months Ended
 
December 31,
2015
 
December 27,
2014
 
 
 
(Unaudited)
Net sales
$
2,632.2

 
$
1,844.7

Cost of sales
1,553.3

 
1,170.9

Gross profit
1,078.9

 
673.8

 
 
 
 
Operating expenses
 
 
 
Distribution
47.9

 
29.2

Research and development
88.2

 
89.8

Selling
325.9

 
95.3

Administration
306.8

 
165.6

Impairment charges
215.6

 

Restructuring
26.9

 
4.2

Total operating expenses
1,011.3

 
384.1

 
 
 
 
Operating income
67.6

 
289.7

 
 
 
 
Change in financial assets
(57.3
)
 
(46.9
)
Interest expense, net
89.9

 
56.7

Other expense (Income), net
25.2

 
60.3

Loss on extinguishment of debt
0.9

 
9.6

Income before income taxes
8.9

 
210.0

Income tax expense (benefit)
(33.6
)
 
29.4

Net income
$
42.5

 
$
180.6

 
 
 
 
Income per share
 
 
 
Basic
$
0.29

 
$
1.34

Diluted
$
0.29

 
$
1.34

 
 
 
 
Weighted-average shares outstanding
 
 
 
Basic
145.6

 
135.1

Diluted
146.1

 
135.6

 
 
 
 
Dividends declared per share
$
0.25

 
$
0.21