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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,133.1 [1] $ 1,231.3 $ 3,536.5 [1] $ 3,663.1
Cost of sales 708.3 733.5 2,148.0 2,196.4
Gross profit 424.8 497.8 1,388.5 1,466.7
Operating expenses        
Distribution 22.5 21.5 71.0 64.2
Research and development 43.7 38.4 174.0 120.8
Selling 134.7 143.5 451.2 454.1
Administration 105.6 123.3 310.0 326.9
Impairment charges 221.8 7.8 223.5 47.4
Restructuring charges 18.0 3.8 23.2 54.7
Other operating expense (income) 0.5 (2.9) 6.6 (41.0)
Total operating expenses 546.8 335.4 1,259.5 1,027.1
Operating income (loss) (122.0) 162.4 129.0 439.6
Change in financial assets (74.9) 2.6 (65.9) 24.2
Interest expense, net 31.7 34.7 95.2 133.1
Other (income) expense, net 0.2 (3.6) 12.3 (1.1)
Loss on extinguishment of debt 0.0 0.0 0.5 135.2
Income (loss) before income taxes (79.0) 128.7 86.9 148.2
Income tax expense (benefit) (11.5) 84.2 37.3 101.8
Net income (loss) $ (67.5) $ 44.5 $ 49.6 $ 46.4
Earnings (loss) per share        
Basic (in dollars per share) $ (0.49) $ 0.31 $ 0.36 $ 0.33
Diluted (in dollars per share) $ (0.49) $ 0.31 $ 0.36 $ 0.32
Weighted-average shares outstanding        
Basic (in shares) 137.4 141.3 138.5 142.5
Diluted (in shares) 137.4 141.7 139.0 142.8
Dividends declared per share (in dollars per share) $ 0.19 $ 0.16 $ 0.57 $ 0.48
[1] Derived from the location of the entity that sells to a third party.