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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Sep. 27, 2014
Accounting Policies [Abstract]  
Summary of Marketable Securities
The following reconciles cost basis to fair market value.

 
 
Cost
 
Gross Unrealized
Gains
 
Gross Unrealized
Losses
 
Fair Value
As of September 27, 2014
 
$
15.5

 
$
10.2

 
$
(1.3
)
 
$
24.4

As of September 28, 2013
 
$
5.9

 
$
12.2

 
$
—

 
$
18.1

As of September 29, 2012
 
$
5.9

 
$
0.1

 
$
—

 
$
6.0
Supplemental Cash Flow Statement Information
Supplemental Cash Flow Statement Information
 
 
 
Years ended
September 27, 2014
 
September 28, 2013
 
September 29, 2012
Cash paid during the period for income taxes
 
$
231.8

 
$
79.9

 
$
166.6

Cash paid during the period for interest
 
$
155.7

 
$
192.8

 
$
55.0

Non-Cash Investing Activities:
 
 
 
 
 
 
Fair value of stock options assumed in the Gen-Probe acquisition
 
$
—

 
$
—

 
$
2.7

Non-Cash Financing Activities:
 
 
 
 
 
 
Fair value of contingent consideration at acquisition
 
$
—

 
$
0.5

 
$
—

Deferred payments for acquisitions
 
$
—

 
$
—

 
$
1.7
Schedule of Inventories
Inventories consisted of the following:
 
 
 
September 27, 2014
 
September 28, 2013
Raw materials
 
$
115.6

 
$
115.6

Work-in-process
 
57.1

 
51.2

Finished goods
 
157.9

 
122.6

 
 
$
330.6

 
$
289.4
Schedule of Property, Plant and Equipment
Property, plant and equipment consisted of the following as of:
 
 
September 27, 2014
 
September 28, 2013
Equipment and software
 
$
342.5

 
$
318.5

Equipment under customer usage agreements
 
285.2

 
275.7

Buildings and improvements
 
176.9

 
171.5

Leasehold improvements
 
63.2

 
68.1

Land
 
51.6

 
51.6

Furniture and fixtures
 
16.3

 
22.6

 
 
935.7

 
908.0

Less - accumulated depreciation and amortization
 
(473.8
)
 
(416.5
)
 
 
$
461.9

 
$
491.5

Property, plant and equipment are depreciated over the following estimated useful lives:
Asset Classification
  
Estimated Useful Life
Building and improvements
  
35–40 years
Equipment and software
  
3–10 years
Equipment under customer usage agreements
  
3–8 years
Furniture and fixtures
  
5–7 years
Leasehold improvements
  
Shorter of the Original Term of Lease
or Estimated Useful Life
Schedule of Intangible Assets
Intangible assets consisted of the following:
 
  
 
September 27, 2014
 
September 28, 2013
Description
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Gross
Carrying
Value
 
Accumulated
Amortization
Developed technology
 
$
3,951.1

 
$
1,390.5

 
$
4,009.0

 
$
1,094.5

In-process research and development
 
17.9

 
—

 
24.0

 
—

Customer relationships and contracts
 
1,102.4

 
384.7

 
1,101.9

 
296.5

Trade names
 
236.5

 
105.3

 
238.1

 
81.8

Patents
 
14.5

 
8.9

 
13.0

 
8.5

Business licenses
 
2.6

 
2.0

 
2.6

 
0.6

 
 
$
5,325.0


$
1,891.4


$
5,388.6


$
1,481.9
Schedule of Estimated Amortization Expense
The estimated amortization expense at September 27, 2014 for each of the five succeeding fiscal years was as follows:
 
Fiscal 2015
$
403.3

Fiscal 2016
$
374.5

Fiscal 2017
$
365.4

Fiscal 2018
$
354.9

Fiscal 2019
$
343.1
Rollforward of Goodwill Activity by Reportable Segment
A rollforward of goodwill activity by reportable segment from September 28, 2013 to September 27, 2014 is as follows:
 
 
Diagnostics
 
Breast Health
 
GYN Surgical
 
Skeletal Health
 
Total
Balance at September 28, 2013
$
1,153.5

 
$
636.4

 
$
1,016.4

 
$
8.2

 
$
2,814.5

Disposition of a portion of a reporting unit
(0.2
)
 
(0.7
)
 
—

 
—

 
(0.9
)
Tax adjustments
(0.7
)
 
—

 
—

 
—

 
(0.7
)
Foreign currency and other
1.5

 
(4.0
)
 
0.4

 
—

 
(2.1
)
Balance at September 27, 2014
$
1,154.1


$
631.7


$
1,016.8


$
8.2

 
$
2,810.8
Rollforward of Accumulated Goodwill Impairment Losses by Reportable Segment
A rollforward of accumulated goodwill impairment losses by reportable segment from September 28, 2013 to September 27, 2014 is as follows:
 
 
 
Diagnostics
 
Breast Health
 
GYN Surgical
 
Total
Balance at September 28, 2013
 
$
2,025.7

 
$
348.4

 
$
1,165.8

 
$
3,539.9

Impairment charge
 
—

 
—

 
—

 
—

Balance at September 27, 2014
 
$
2,025.7

 
$
348.4


$
1,165.8

 
$
3,539.9
Schedule of Other Assets
Other assets consisted of the following:
 
 
 
September 27, 2014
 
September 28, 2013
Other Assets
 
 
 
 
Deferred financing costs
 
$
44.9

 
$
60.6

Life insurance contracts
 
22.4

 
33.9

Mutual funds
 
15.4

 
6.9

Marketable securities
 
24.4

 
18.1

Manufacturing access fees
 
14.1

 
16.0

Cost-method equity investments
 
5.2

 
12.6

Other
 
16.2

 
15.8

 
 
$
142.6

 
$
163.9
Components of Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income consisted of the following:
 
 
September 27, 2014
 
September 28, 2013
Foreign currency translation adjustment
 
$
(4.7
)
 
$
8.6

Unrealized gains on available-for-sale securities
 
8.9

 
12.1

Minimum pension liability, net of tax of $0.2 and $0.2, respectively
 
(1.6
)
 
(0.3
)
 
 
$
2.6

 
$
20.4
Accounts Receivable Reserve Activity
Accounts receivable reserve activity for fiscal 2014, 2013 and 2012 was as follows:
 
 
 
Balance at
Beginning
of Period
 
Charged to
Costs and
Expenses
 
Write-
offs and
Payments
 
Balance at
End of
Period
Period Ended:
 
 
 
 
 
 
 
 
September 27, 2014
 
$
8.8

 
$
4.4

 
$
(1.2
)
 
$
12.0

September 28, 2013
 
$
6.4

 
$
4.3

 
$
(1.9
)
 
$
8.8

September 29, 2012
 
$
6.5

 
$
3.3

 
$
(3.4
)
 
$
6.4
Schedule of Reconciliation of Basic and Diluted Share Amounts
A reconciliation of basic and diluted share amounts for fiscal 2014, 2013, and 2012 was as follows:
 
 
September 27, 2014
 
September 28, 2013
 
September 29, 2012
Basic weighted average common shares outstanding
 
275,499

 
268,704

 
264,041

Weighted average common stock equivalents from assumed exercise of stock options and restricted stock units
 
2,368

 
—

 
—

Incremental shares from assumed conversion of the Convertible Notes premium
 
493

 
—

 
—

Diluted weighted average common shares outstanding
 
278,360

 
268,704

 
264,041

Weighted-average anti-dilutive shares related to:
 
 
 
 
 
 
Outstanding stock options
 
5,033

 
8,445

 
10,491

Restricted stock units
 
20

 
1,109

 
1,378
Schedule of Product Warranty Activity
Product warranty activity for fiscal 2014 and 2013 was as follows:
 
 
 
Balance at
Beginning of
Period
 
Provisions
 
Settlements/
Adjustments
 
Balance at End
of Period
Period ended:
 
 
 
 
 
 
 
 
September 27, 2014
 
$
9.3

 
$
7.1

 
$
(10.1
)
 
$
6.3

September 28, 2013
 
$
6.2

 
$
12.8

 
$
(9.7
)
 
$
9.3