Segment Reporting

6 Months Ended

Mar. 30, 2014

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segment information is prepared on the same basis that our ceo, who is our chief operating decision maker, manages the segments, evaluates financial results, and makes key operating decisions.

The table below presents financial information for our reportable operating segments and All Other Segments for the quarter and two quarters ended March 30, 2014 and March 31, 2013, including reclassifications resulting from the correction of the immaterial error discussed in Note 1. The reclassifications for fiscal years 2013 and 2012 were $21.8 million and $19.2 million for the Channel Development segment, respectively, and $3.6 million and $3.5 million for All Other Segments, respectively. The reclassifications for the quarter and two quarters ended March 31, 2013 were $5.4 million and $10.9 million for the Channel Development segment, respectively, and $0.9 million and $1.8 million for All Other Segments, respectively.

Quarter Ended

(in millions)	Americas		EMEA		China / Asia Pacific		Channel Development		All Other Segments			Segment Total
March 30, 2014
Total net revenues	$	2,808.8	$	309.9	$	265.3	$	370.4	$	119.4		$	3,873.8
Depreciation and amortization expenses	114.8		14.8		11.8		0.4		3.7			145.5
Income from equity investees	—		1.1		37.4		21.4		—			59.9
Operating income/(loss)	605.6		17.7		87.0		127.3		(7.8		)	829.8
March 31, 2013
Total net revenues	$	2,604.1	$	273.2	$	213.6	$	338.1	$	120.6		$	3,549.6
Depreciation and amortization expenses	105.6		13.7		8.5		0.3		3.4			131.5
Income from equity investees	2.4		—		30.8		19.3		—			52.5
Operating income/(loss)	549.7		5.2		68.3		94.1		(4.1		)	713.2

Two Quarters Ended

(in millions)	Americas		EMEA		China / Asia Pacific		Channel Development		All Other Segments			Segment Total
March 30, 2014
Total net revenues	$	5,881.7	$	649.5	$	532.2	$	771.5	$	278.5		$	8,113.4
Depreciation and amortization expenses	227.1		29.4		22.0		0.8		7.3			286.6
Income from equity investees	—		1.9		70.5		38.6		—			111.0
Operating income	1,337.6		51.2		168.0		246.2		6.1			1,809.1
March 31, 2013
Total net revenues	$	5,444.7	$	579.3	$	427.7	$	712.5	$	178.5		$	7,342.7
Depreciation and amortization expenses	211.0		27.9		15.9		0.6		4.3			259.7
Income from equity investees	2.4		—		64.9		39.7		—			107.0
Operating income/(loss)	1,139.8		27.5		140.4		191.0		(8.2		)	1,490.5

Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):

	Quarter Ended						Two Quarters Ended
	Mar 30, 2014			Mar 31, 2013			Mar 30, 2014			Mar 31, 2013
Total segment operating income	$	829.8		$	713.2		$	1,809.1		$	1,490.5
Unallocated corporate operating expenses	(185.7		)	(169.1		)	(351.4		)	(315.9		)
Consolidated operating income	644.1			544.1			1,457.7			1,174.6
Interest income and other, net	17.8			50.8			37.6			48.0
Interest expense	(16.7		)	(6.1		)	(31.3		)	(12.7		)
Earnings before income taxes	$	645.2		$	588.8		$	1,464.0		$	1,209.9