Supplemental Guarantor Condensed Consolidating Financials (Tables)

9 Months Ended

Jun. 27, 2015

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 June 27, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	172.2		$	448.6		$	116.2		$	(154.0	)	$	583.0
Service and other	94.6			10.0			13.2			(6.9		)	110.9
	266.8			458.6			129.4			(160.9		)	693.9
Costs of revenues:
Product	84.0			171.0			85.2			(154.0		)	186.2
Amortization of intangible assets	0.8			72.2			0.1			—			73.1
Service and other	46.4			8.1			8.3			(6.9		)	55.9
Gross Profit	135.6			207.3			35.8			—			378.7
Operating expenses:
Research and development	10.2			44.0			1.8			—			56.0
Selling and marketing	26.8			50.0			17.5			—			94.3
General and administrative	21.5			43.2			8.4			—			73.1
Amortization of intangible assets	0.2			26.2			1.0			—			27.4
Restructuring and divestiture charges	10.1			—			1.8			—			11.9
	68.8			163.4			30.5			—			262.7
Income (loss) from operations	66.8			43.9			5.3			—			116.0
Interest income	0.2			—			0.1			—			0.3
Interest expense	(51.8		)	(0.3		)	(0.3		)	—			(52.4		)
Debt extinguishment loss	(18.2		)	—			—			—			(18.2		)
Other income (expense), net	1.1			0.3			(0.3		)	(0.1		)	1.0
Income (loss) before income taxes	(1.9		)	43.9			4.8			(0.1		)	46.7
Provision for income taxes	4.3			12.3			0.7			—			17.3
Equity in earnings (losses) of subsidiaries	35.6			3.5			—			(39.1		)	—
Net income (loss)	$	29.4		$	35.1		$	4.1		$	(39.2	)	$	29.4

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended June 27, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	438.3		$	1,312.1		$	348.9		$	(423.3	)	$	1,676.0
Service and other	278.1			39.9			38.1			(29.9		)	326.2
	716.4			1,352.0			387.0			(453.2		)	2,002.2
Costs of revenues:
Product	217.9			515.2			249.8			(423.3		)	559.6
Amortization of intangible assets	3.6			221.8			0.2			—			225.6
Service and other	130.9			38.7			24.0			(29.9		)	163.7
Gross Profit	364.0			576.3			113.0			—			1,053.3
Operating expenses:
Research and development	28.2			127.8			5.2			—			161.2
Selling and marketing	74.3			132.5			56.5			—			263.3
General and administrative	56.3			113.8			24.6			—			194.7
Amortization of intangible assets	1.1			78.5			3.2			—			82.8
Restructuring and divestiture charges	11.5			0.6			9.8			—			21.9
	171.4			453.2			99.3			—			723.9
Income from operations	192.6			123.1			13.7			—			329.4
Interest income	0.6			1.2			0.5			(1.3		)	1.0
Interest expense	(152.2		)	(2.0		)	(1.5		)	1.4			(154.3		)
Debt extinguishment loss	(24.9		)	—			—			—			(24.9		)
Other income (expense), net	251.6			(251.1		)	0.5			(0.4		)	0.6
Income (loss) before income taxes	267.7			(128.8		)	13.2			(0.3		)	151.8
Provision for income taxes	14.3			28.0			3.0			—			45.3
Equity in earnings (losses) of subsidiaries	(146.9		)	6.4			—			140.5			—
Net income (loss)	$	106.5		$	(150.4	)	$	10.2		$	140.2		$	106.5

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended June 28, 2014



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	128.4		$	386.4		$	125.8		$	(111.3	)	$	529.3
Service and other	88.2			14.4			13.1			(12.4		)	103.3
	216.6			400.8			138.9			(123.7		)	632.6
Costs of revenues:
Product	61.5			147.3			89.2			(111.3		)	186.7
Amortization of intangible assets	1.4			75.3			3.8			—			80.5
Service and other	46.8			5.9			12.3			(12.4		)	52.6
Gross Profit	106.9			172.3			33.6			—			312.8
Operating expenses:
Research and development	7.7			42.9			1.9			—			52.5
Selling and marketing	16.8			43.4			22.8			—			83.0
General and administrative	15.8			37.8			11.1			—			64.7
Amortization of intangible assets	0.6			26.8			2.3			—			29.7
Restructuring and divestiture charges	1.0			2.9			2.8			—			6.7
	41.9			153.8			40.9			—			236.6
Income (loss) from operations	65.0			18.5			(7.3		)	—			76.2
Interest income	0.1			1.1			0.2			(1.1		)	0.3
Interest expense	(52.6		)	(0.3		)	(0.6		)	1.1			(52.4		)
Other income (expense), net	1.3			(3.0		)	0.2			—			(1.5		)
Income (loss) before income taxes	13.8			16.3			(7.5		)	—			22.6
Provision for income taxes	6.8			3.6			0.9			—			11.3
Equity in earnings (losses) of subsidiaries	4.3			3.3			—			(7.6		)	—
Net income (loss)	$	11.3		$	16.0		$	(8.4	)	$	(7.6	)	$	11.3

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended June 28, 2014



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Product	$	356.8		$	1,154.0		$	373.7		$	(321.7	)	$	1,562.8
Service and other	262.7			47.4			37.2			(40.0		)	307.3
	619.5			1,201.4			410.9			(361.7		)	1,870.1
Costs of revenues:
Product	172.4			431.7			266.9			(321.7		)	549.3
Amortization of intangible assets	4.2			224.0			5.9			—			234.1
Impairment of intangible assets	—			—			26.6			—			26.6
Service and other	140.3			27.5			31.8			(40.0		)	159.6
Gross Profit	302.6			518.2			79.7			—			900.5
Operating expenses:
Research and development	23.0			121.7			6.4			—			151.1
Selling and marketing	52.6			126.8			65.6			—			245.0
General and administrative	45.5			114.9			34.2			—			194.6
Amortization of intangible assets	2.4			77.9			4.7			—			85.0
Impairment of intangible assets	—			—			0.5			—			0.5
Restructuring and divestiture charges	7.6			15.0			14.0			—			36.6
	131.1			456.3			125.4			—			712.8
Income (loss) from operations	171.5			61.9			(45.7		)	—			187.7
Interest income	0.3			2.3			0.7			(2.5		)	0.8
Interest expense	(168.0		)	(0.8		)	(1.8		)	2.5			(168.1		)
Debt extinguishment loss	(7.4		)	—			—			—			(7.4		)
Other income (expense), net	7.9			(12.4		)	1.0			—			(3.5		)
Income (loss) before income taxes	4.3			51.0			(45.8		)	—			9.5
Provision for income taxes	5.0			9.9			5.4			—			20.3
Equity in earnings (losses) of subsidiaries	(10.1		)	14.3			—			(4.2		)	—
Net (loss) income	$	(10.8	)	$	55.4		$	(51.2	)	$	(4.2	)	$	(10.8	)

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

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended June 27, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net income (loss)	$	29.4		$	35.1		$	4.1	$	(39.2	)	$	29.4
Changes in foreign currency translation adjustment	—			0.3			4.2		—			4.5
Changes in unrealized holding gain on available-for-sale securities	—			(0.7		)	—		—			(0.7		)
Changes in value of hedged interest rate caps, net of tax	(0.7		)	—			—		—			(0.7		)
Comprehensive income (loss)	$	28.7		$	34.7		$	8.3	$	(39.2	)	$	32.5

For the Nine Months Ended June 27, 2015



	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net income (loss)	$	106.5		$	(150.4	)	$	10.2		$	140.2	$	106.5
Changes in foreign currency translation adjustment	—			(0.2		)	(13.8		)	—		(14.0		)
Changes in unrealized holding gain on available-for-sale securities	—			(3.9		)	—			—		(3.9		)
Changes in pension plans, net of taxes	—			—			0.1			—		0.1
Changes in value of hedged interest rate caps, net of tax	(2.3		)	—			—			—		(2.3		)
Comprehensive income (loss)	$	104.2		$	(154.5	)	$	(3.5	)	$	140.2	$	86.4

For the Three Months Ended June 28, 2014



	Parent/Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	11.3	$	16.0	$	(8.4	)	$	(7.6	)	$	11.3
Changes in foreign currency translation adjustment	—		0.3		3.0			—			3.3
Changes in unrealized holding loss on available-for-sale securities	—		4.2		—			—			4.2
Comprehensive income (loss)	$	11.3	$	20.5	$	(5.4	)	$	(7.6	)	$	18.8

For the Nine Months Ended June 28, 2014



	Parent/Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(10.8	)	$	55.4	$	(51.2	)	$	(4.2	)	$	(10.8	)
Changes in foreign currency translation adjustment	—			0.4		(4.1		)	—			(3.7		)
Changes in unrealized holding loss on available-for-sale securities	—			2.0		—			—			2.0
Changes in pension plans, net of taxes	—			—		(0.6		)	—			(0.6		)
Comprehensive (loss) income	$	(10.8	)	$	57.8	$	(55.9	)	$	(4.2	)	$	(13.1	)

Schedule of Supplemental Condensed Consolidating Balance Sheet

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET

June 27, 2015



	Parent/ Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	536.5	$	175.8	$	172.7	$	—		$	885.0
Restricted cash	—		—		3.8		—			3.8
Accounts receivable, net	133.4		180.7		68.7		—			382.8
Inventories	84.2		167.9		42.9		—			295.0
Deferred income tax assets	—		9.1		1.0		(10.1		)	—
Prepaid income taxes	20.2		3.1		0.4		—			23.7
Prepaid expenses and other current assets	20.1		7.7		10.7		—			38.5
Intercompany receivables	—		2,959.2		7.4		(2,966.6		)	—
Total current assets	794.4		3,503.5		307.6		(2,976.7		)	1,628.8
Property, plant and equipment, net	25.9		335.0		89.0		—			449.9
Intangible assets, net	21.2		3,076.6		38.0		(10.4		)	3,125.4
Goodwill	328.6		2,390.0		90.4		—			2,809.0
Other assets	69.7		46.4		1.3		—			117.4
Long term intercompany receivables	—		—		13.0		(13.0		)	—
Investment in subsidiaries	8,406.2		209.8		—		(8,616.0		)	—
Total assets	$	9,646.0	$	9,561.3	$	539.3	$	(11,616.1	)	$	8,130.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	671.5	$	—	$	—	$	—		$	671.5
Accounts payable	39.0		39.5		11.4		—			89.9
Accrued expenses	147.7		68.8		43.3		(0.3		)	259.5
Deferred revenue	116.8		10.1		25.3		—			152.2
Deferred income tax liability	26.2		—		—		(10.1		)	16.1
Intercompany payables	2,924.1		—		42.5		(2,966.6		)	—
Total current liabilities	3,925.3		118.4		122.5		(2,977.0		)	1,189.2
Long-term debt, net of current portion	3,270.8		—		—		—			3,270.8
Deferred income tax liabilities	49.5		1,156.7		3.5		—			1,209.7
Deferred revenue	7.8		3.7		6.1		—			17.6
Long-term intercompany payables	13.0		—		—		(13.0		)	—
Other long-term liabilities	142.5		28.9		34.7		—			206.1
Total stockholders’ equity	2,237.1		8,253.6		372.5		(8,626.1		)	2,237.1
Total liabilities and stockholders’ equity	$	9,646.0	$	9,561.3	$	539.3	$	(11,616.1	)	$	8,130.5

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 revenue	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 Nine Months Ended June 27, 2015



	Parent/ Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	599.4		$	(77.9	)	$	32.1		$	—	$	553.6
INVESTING ACTIVITIES
Purchase of property and equipment	(8.0		)	(14.1		)	(5.8		)	—		(27.9		)
Increase in equipment under customer usage agreements	—			(19.6		)	(10.6		)	—		(30.2		)
Net purchases of insurance contracts	(6.4		)	—			—			—		(6.4		)
Sales of mutual funds	7.7			—			—			—		7.7
Increase in other assets	(0.8		)	(0.2		)	1.0			—		—
Net cash used in investing activities	(7.5		)	(33.9		)	(15.4		)	—		(56.8		)
FINANCING ACTIVITIES
Repayment of long-term debt	(2,045.0		)	—			—			—		(2,045.0		)
Net proceeds from long-term debt	1,495.1			—			—			—		1,495.1
Proceeds from revolving credit line	175.0			—			—			—		175.0
Payment of debt issuance costs	(8.3		)	—			—			—		(8.3		)
Purchase of interest rate caps	(6.1		)	—			—			—		(6.1		)
Net proceeds from issuance of common stock pursuant to employee stock plans	50.4			—			—			—		50.4
Excess tax benefit related to equity awards	8.0			—			—			—		8.0
Payment of minimum tax withholdings on net share settlement of equity awards	(12.6		)	—			—			—		(12.6		)
Net cash used in financing activities	(343.5		)	—			—			—		(343.5		)
Effect of exchange rate changes on cash and cash equivalents	—			(0.2		)	(4.2		)	—		(4.4		)
Net increase (decrease) in cash and cash equivalents	248.4			(112.0		)	12.5			—		148.9
Cash and cash equivalents, beginning of period	288.1			287.8			160.2			—		736.1
Cash and cash equivalents, end of period	$	536.5		$	175.8		$	172.7		$	—	$	885.0

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended June 28, 2014



	Parent/ Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
OPERATING ACTIVITIES
Net cash provided by operating activities	$	412.6		$	(81.1	)	$	45.2		$	—	$	376.7
INVESTING ACTIVITIES
Net proceeds from sale of business	—			—			2.4			—		2.4
Purchase of property and equipment	(9.4		)	(15.3		)	(6.2		)	—		(30.9		)
Increase in equipment under customer usage agreements	(0.5		)	(15.8		)	(10.6		)	—		(26.9		)
Net sales of insurance contracts	13.8			—			—			—		13.8
Purchases of mutual funds	(29.7		)	—			—			—		(29.7		)
Sales of mutual funds	22.4			—			—			—		22.4
(Increase) decrease in other assets	(1.0		)	(3.0		)	1.0			—		(3.0		)
Net cash used in investing activities	(4.4		)	(34.1		)	(13.4		)	—		(51.9		)
FINANCING ACTIVITIES
Repayment of long-term debt	(578.8		)	—			—			—		(578.8		)
Payment of debt issuance costs	(2.4		)	—			—			—		(2.4		)
Payment of deferred acquisition consideration	(5.0		)	—			—			—		(5.0		)
Net proceeds from issuance of common stock pursuant to employee stock plans	75.8			—			—			—		75.8
Excess tax benefit related to equity awards	5.2			—			—			—		5.2
Payment of minimum tax withholdings on net share settlements of equity awards	(9.2		)	—			—			—		(9.2		)
Net cash used in financing activities	(514.4		)	—			—			—		(514.4		)
Effect of exchange rate changes on cash and cash equivalents	—			0.4			(0.8		)	—		(0.4		)
Net (decrease) increase in cash and cash equivalents	(106.2		)	(114.8		)	31.0			—		(190.0		)
Cash and cash equivalents, beginning of period	321.6			387.4			113.5			—		822.5
Cash and cash equivalents, end of period	$	215.4		$	272.6		$	144.5		$	—	$	632.5