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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Income Statement [Abstract]        
Net sales $ 1,186.4 [1] $ 1,237.9 $ 2,403.4 [1] $ 2,431.9
Cost of sales 715.4 733.3 1,439.7 1,463.0
Gross profit 471.0 504.6 963.7 968.9
Operating expenses        
Distribution 23.8 21.6 48.5 42.7
Research and development 91.9 42.6 130.3 82.3
Selling 155.2 155.6 316.5 310.6
Administration 96.8 98.2 204.5 203.6
Impairment charges 1.7 27.4 1.7 39.6
Restructuring charges 3.7 12.1 5.2 50.8
Other operating expense (income) 3.2 (1.7) 6.1 (38.0)
Total operating expenses 376.3 355.8 712.8 691.6
Operating income 94.7 148.8 250.9 277.3
Change in financial assets (0.6) 38.7 9.0 21.6
Interest expense, net 32.1 45.1 63.5 98.4
Other expense, net 7.9 6.1 12.1 2.5
Loss on extinguishment of debt 0.0 135.2 0.5 135.2
Income (loss) before income taxes 55.3 (76.3) 165.8 19.6
Income tax expense (benefit) 19.1 (6.7) 48.8 17.6
Net income (loss) $ 36.2 $ (69.6) $ 117.0 $ 2.0
Earnings (loss) per share        
Basic (in dollars per share) $ 0.26 $ (0.49) $ 0.84 $ 0.01
Diluted (in dollars per share) $ 0.26 $ (0.49) $ 0.84 $ 0.01
Weighted-average shares outstanding        
Basic (in shares) 138.1 143.3 139.5 143.3
Diluted (in shares) 138.7 143.3 140.0 143.6
Dividends declared per share (in dollars per share) $ 0.19 $ 0.16 $ 0.38 $ 0.32
[1] The net sales by geography is derived from the location of the entity that sells to a third party.