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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 26, 2015
Sep. 30, 2016
Sep. 26, 2015
Net sales $ 1,210.7 $ 1,112.8 $ 3,701.9 $ 3,327.4
Cost of goods sold 769.8 718.1 2,347.9 2,161.1
Gross profit 440.9 394.7 1,354.0 1,166.3
Selling, general and administrative 228.4 217.0 728.2 649.6
Research and development 29.7 24.8 86.9 72.3
Operating income 182.8 152.9 538.9 444.4
Other (income) expense:        
Equity income of unconsolidated subsidiaries (1.2) (0.2) (2.7) (1.3)
Net interest expense 34.3 30.9 105.9 67.5
Income from continuing operations before income taxes 149.7 122.2 435.7 378.2
Provision for income taxes 32.2 27.5 93.7 85.1
Net income from continuing operations 117.5 94.7 342.0 293.1
Income from discontinued operations, net of tax 22.9 20.5 48.6 88.6
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax 0.6 0.0 0.6 (4.8)
Net income 141.0 115.2 391.2 376.9
Comprehensive income (loss), net of tax        
Net income 141.0 115.2 391.2 376.9
Changes in cumulative translation adjustment 34.9 (85.8) 37.1 (238.4)
Changes in market value of derivative financial instruments, net of tax of $0.7, $0.9, $1.2, and $1.3, respectively (4.8) (0.7) (8.6) (1.6)
Comprehensive income $ 171.1 $ 28.7 $ 419.7 $ 136.9
Earnings per ordinary share        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.65 $ 0.53 $ 1.89 $ 1.63
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0.13 0.11 0.27 0.46
Basic (USD per share) 0.78 0.64 2.16 2.09
Income (Loss) from Continuing Operations, Per Diluted Share 0.64 0.52 1.87 1.61
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0.13 0.11 0.27 0.45
Diluted (USD per share) $ 0.77 $ 0.63 $ 2.14 $ 2.06
Weighted average ordinary shares outstanding        
Basic (shares) 181.4 180.2 181.1 180.1
Diluted (shares) 183.6 182.6 183.0 182.6
Common Stock, Dividends, Per Share, Cash Paid $ 0.34 $ 0.32 $ 1.00 $ 0.96