Supplemental Guarantor Condensed Consolidating Financials (Tables)

3 Months Ended

Dec. 27, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Supplemental Condensed Consolidating Statement of Operations

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended December 27, 2014



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	131.6		$	425.8		$	120.0		$	(130.8	)	$	546.6
Service and other	91.0			15.6			12.1			(12.5		)	106.2
	222.6			441.4			132.1			(143.3		)	652.8
Costs of revenues:
Product	58.3			170.9			88.3			(130.8		)	186.7
Amortization of intangible assets	1.6			72.2			0.1			—			73.9
Service and other	35.2			16.1			14.8			(12.5		)	53.6
Gross Profit	127.5			182.2			28.9			—			338.6
Operating expenses:
Research and development	8.4			42.0			1.6			—			52.0
Selling and marketing	24.4			40.5			21.1			—			86.0
General and administrative	17.4			35.2			8.7			—			61.3
Amortization of intangible assets	0.6			26.2			1.0			—			27.8
Restructuring and divestiture charges	1.8			0.5			5.7			—			8.0
	52.6			144.4			38.1			—			235.1
Income (loss) from operations	74.9			37.8			(9.2		)	—			103.5
Interest income	(0.7		)	1.1			0.2			(0.2		)	0.4
Interest expense	(51.8		)	(0.3		)	(0.6		)	0.2			(52.5		)
Debt extinguishment loss	(6.7		)	—			—			—			(6.7		)
Other (expense) income, net	50.7			(51.3		)	0.1			(0.1		)	(0.6		)
Income (loss) before income taxes	66.4			(12.7		)	(9.5		)	(0.1		)	44.1
Provision for income taxes	1.4			12.3			1.2			—			14.9
Equity in earnings (losses) of subsidiaries	(35.8		)	2.0			—			33.8			—
Net income (loss)	$	29.2		$	(23.0	)	$	(10.7	)	$	33.7		$	29.2

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended December 28, 2013



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	105.5		$	381.5		$	126.4		$	(101.0	)	$	512.4
Service and other	85.9			15.9			11.8			(13.5		)	100.1
	191.4			397.4			138.2			(114.5		)	612.5
Costs of revenues:
Product	52.9			138.8			86.3			(101.1		)	176.9
Amortization of intangible assets	1.4			74.1			1.2			—			76.7
Service and other	42.3			7.6			16.8			(13.4		)	53.3
Gross profit	94.8			176.9			33.9			—			305.6
Operating expenses:
Research and development	7.5			38.9			2.3			—			48.7
Selling and marketing	17.9			42.8			22.6			—			83.3
General and administrative	14.7			41.5			11.6			—			67.8
Amortization of intangible assets	0.8			24.1			1.3			—			26.2
Restructuring and divestiture charges	5.0			9.7			3.6			—			18.3
	45.9			157.0			41.4			—			244.3
Income from operations	48.9			19.9			(7.5		)	—			61.3
Interest income	0.1			0.3			0.1			(0.2		)	0.3
Interest expense	(60.7		)	(0.3		)	(0.5		)	0.2			(61.3		)
Debt extinguishment loss	(2.9		)	—			—			—			(2.9		)
Other (expense) income, net	9.6			(9.3		)	0.9			—			1.2
(Loss) income before income taxes	(5.0		)	10.6			(7.0		)	—			(1.4		)
Provision (benefit) for income taxes	(0.1		)	1.6			2.4			—			3.9
Equity in earnings (losses) of subsidiaries	(0.4		)	10.1			—			(9.7		)	—
Net income (loss)	$	(5.3	)	$	19.1		$	(9.4	)	$	(9.7	)	$	(5.3	)

Schedule of Supplemental Condensed Consolidating Statements of Comprehensive (Loss) Income

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended December 27, 2014



	Parent/Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net income (loss)	$	29.2	$	(23.0	)	$	(10.7	)	$	33.7	$	29.2
Changes in foreign currency translation adjustment	—		(0.3		)	(8.7		)	—		(9.0		)
Changes in unrealized holding gain on available-for-sale securities	—		5.1			—			—		5.1
Changes in pension plans, net of taxes	—		—			0.1			—		0.1
Comprehensive income (loss)	$	29.2	$	(18.2	)	$	(19.3	)	$	33.7	$	25.4

For the Three Months Ended December 28, 2013



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(5.3	)	$	19.1		$	(9.4	)	$	(9.7	)	$	(5.3	)
Changes in foreign currency translation adjustment	—			0.1			(1.3		)	—			(1.2		)
Changes in unrealized holding loss on available-for-sale securities	—			(1.2		)	—			—			(1.2		)
Changes in pension plans, net of taxes	—			—			(0.6		)	—			(0.6		)
Comprehensive income (loss)	$	(5.3	)	$	18.0		$	(11.3	)	$	(9.7	)	$	(8.3	)

Schedule of Supplemental Condensed Consolidating Balance Sheet

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET

December 27, 2014



	Parent/ Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	150.6	$	249.4	$	144.0	$	—		$	544.0
Restricted cash	—		—		5.1		—			5.1
Accounts receivable, net	116.2		198.2		86.1		—			400.5
Inventories	88.0		174.6		47.7		—			310.3
Deferred income tax assets	26.3		11.7		1.0		—			39.0
Prepaid income taxes	—		3.1		—		(3.1		)	—
Prepaid expenses and other current assets	18.5		10.0		9.2		—			37.7
Intercompany receivables	—		2,787.9		19.0		(2,806.9		)	—
Total current assets	399.6		3,434.9		312.1		(2,810.0		)	1,336.6
Property, plant and equipment, net	27.8		337.7		92.7		—			458.2
Intangible assets, net	23.6		3,279.0		40.1		(10.6		)	3,332.1
Goodwill	327.8		2,390.8		91.3		—			2,809.9
Other assets	82.7		57.3		1.3		—			141.3
Long term intercompany receivables	—		—		13.0		(13.0		)	—
Investment in subsidiaries	8,490.0		216.6		—		(8,706.6		)	—
Total assets	$	9,351.5	$	9,716.3	$	550.5	$	(11,540.2	)	$	8,078.1
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	139.4	$	—	$	—	$	—		$	139.4
Accounts payable	26.9		32.7		7.4		—			67.0
Accrued expenses	156.3		48.4		51.4		(3.1		)	253.0
Deferred revenue	111.0		8.3		29.1		—			148.4
Intercompany payables	2,763.9		—		43.2		(2,807.1		)	—
Total current liabilities	3,197.5		89.4		131.1		(2,810.2		)	607.8
Long-term debt, net of current portion	3,815.4		—		—		—			3,815.4
Deferred income tax liabilities	97.3		1,244.4		4.0		—			1,345.7
Deferred service obligations – long-term	8.6		3.9		7.3		—			19.8
Long-term intercompany payables	13.0		—		—		(13.0		)	—
Other long-term liabilities	117.3		33.0		36.7		—			187.0
Total stockholders’ equity	2,102.4		8,345.6		371.4		(8,717.0		)	2,102.4
Total liabilities and stockholders’ equity	$	9,351.5	$	9,716.3	$	550.5	$	(11,540.2	)	$	8,078.1

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET

September 27, 2014



	Parent/ Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	288.1	$	287.8	$	160.2	$	—		$	736.1
Restricted cash	—		—		5.5		—			5.5
Accounts receivable, net	128.4		182.5		85.1		—			396.0
Inventories	88.6		190.1		51.9		—			330.6
Deferred income tax assets	26.2		12.1		1.1		—			39.4
Prepaid income taxes	20.3		3.2		—		(1.1		)	22.4
Prepaid expenses and other current assets	16.2		11.0		8.6		—			35.8
Intercompany receivables	—		2,702.1		18.1		(2,720.2		)	—
Total current assets	567.8		3,388.8		330.5		(2,721.3		)	1,565.8
Property, plant and equipment, net	29.7		337.1		95.1		—			461.9
Intangible assets, net	25.1		3,377.3		41.9		(10.7		)	3,433.6
Goodwill	282.4		2,390.9		137.5		—			2,810.8
Other assets	88.4		52.7		1.5		—			142.6
Long term intercompany receivables	—		—		13.0		(13.0		)	—
Investments in subsidiaries	8,526.0		221.7		—		(8,747.7		)	—
Total assets	$	9,519.4	$	9,768.5	$	619.5	$	(11,492.7	)	$	8,414.7
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	114.5	$	—	$	—	$	—		$	114.5
Accounts payable	34.8		46.1		11.2		—			92.1
Accrued expenses	139.4		69.5		54.3		(1.1		)	262.1
Deferred revenue	113.5		7.4		30.0		—			150.9
Intercompany payables	2,676.2		—		44.2		(2,720.4		)	—
Total current liabilities	3,078.4		123.0		139.7		(2,721.5		)	619.6
Long-term debt, net of current portion	4,153.2		—		—		—			4,153.2
Deferred income tax liabilities	90.9		1,279.1		5.4		—			1,375.4
Deferred service obligations – long-term	8.3		3.6		8.2		—			20.1
Long-term intercompany payables	13.0		—		—		(13.0		)	—
Other long-term liabilities	112.6		34.3		36.5		—			183.4
Total stockholders’ equity	2,063.0		8,328.5		429.7		(8,758.2		)	2,063.0
Total liabilities and stockholders’ equity	$	9,519.4	$	9,768.5	$	619.5	$	(11,492.7	)	$	8,414.7

Schedule of Consolidating Statement of Cash Flows

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended December 27, 2014



	Parent/ Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	186.9		$	(25.9	)	$	(7.5	)	$	—	$	153.5
INVESTING ACTIVITIES
Purchase of property and equipment	(2.4		)	(5.6		)	(2.8		)	—		(10.8		)
Increase in equipment under customer usage agreements	—			(6.5		)	(3.8		)	—		(10.3		)
Net purchases of insurance contracts	(6.4		)	—			—			—		(6.4		)
Sales of mutual funds	6.4			—			—			—		6.4
Increase in other assets	(0.8		)	(0.1		)	—			—		(0.9		)
Net cash used in investing activities	(3.2		)	(12.2		)	(6.6		)	—		(22.0		)
FINANCING ACTIVITIES
Repayment of long-term debt	(328.8		)	—			—			—		(328.8		)
Net proceeds from issuance of common stock pursuant to employee stock plans	15.2			—			—			—		15.2
Excess tax benefit related to equity awards	3.0			—			—			—		3.0
Payment of minimum tax withholdings on net share settlement of equity awards	(10.6		)	—			—			—		(10.6		)
Net cash used in financing activities	(321.2		)	—			—			—		(321.2		)
Effect of exchange rate changes on cash and cash equivalents	—			(0.3		)	(2.1		)	—		(2.4		)
Net decrease in cash and cash equivalents	(137.5		)	(38.4		)	(16.2		)	—		(192.1		)
Cash and cash equivalents, beginning of period	288.1			287.8			160.2			—		736.1
Cash and cash equivalents, end of period	$	150.6		$	249.4		$	144.0		$	—	$	544.0

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended December 28, 2013



	Parent/ Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
OPERATING ACTIVITIES
Net cash provided by operating activities	$	301.6		$	(142.0	)	$	(10.3	)	$	—	$	149.3
INVESTING ACTIVITIES
Net proceeds from sale of business	—			—			2.4			—		2.4
Purchase of property and equipment	(2.9		)	(3.2		)	(2.3		)	—		(8.4		)
Increase in equipment under customer usage agreements	(0.4		)	(4.3		)	(3.3		)	—		(8.0		)
Net sales of insurance contracts	13.8			—			—			—		13.8
Purchases of mutual funds	(29.7		)	—			—			—		(29.7		)
Sales of mutual funds	15.9			—			—			—		15.9
(Increase) decrease in other assets	0.1			(1.0		)	0.5			—		(0.4		)
Net cash provided by (used in) investing activities	(3.2		)	(8.5		)	(2.7		)	—		(14.4		)
FINANCING ACTIVITIES
Repayment of long-term debt	(521.3		)	—			—			—		(521.3		)
Net proceeds from issuance of common stock pursuant to employee stock plans	12.9			—			—			—		12.9
Excess tax benefit related to equity awards	3.0			—			—			—		3.0
Payment of minimum tax withholdings on net share settlements of equity awards	(9.1		)	—			—			—		(9.1		)
Net cash used in financing activities	(514.5		)	—			—			—		(514.5		)
Effect of exchange rate changes on cash and cash equivalents	—			0.1			(0.5		)	—		(0.4		)
Net decrease in cash and cash equivalents	(216.1		)	(150.4		)	(13.5		)	—		(380.0		)
Cash and cash equivalents, beginning of period	321.5			387.4			113.5			—		822.5
Cash and cash equivalents, end of period	$	105.4		$	237.0		$	100.0		$	—	$	442.5