XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Net sales $ 1,186.1 $ 1,609.7 $ 3,430.4 $ 4,187.2
Cost of sales 883.7 1,114.3 2,415.6 2,822.2
Cost of sales—impairment, restructuring and other 65.8 0.8 71.1 22.2
Gross profit 236.6 494.6 943.7 1,342.8
Operating expenses:        
Selling, general and administrative 135.8 194.1 494.6 582.3
Impairment, restructuring and other 658.4 0.5 660.2 3.7
Other (income) expense, net 4.9 (2.1) (1.0) (3.4)
Income (loss) from operations (562.5) 302.1 (210.1) 760.2
Equity in income of unconsolidated affiliates 15.1 21.5 1.3 20.0
Interest expense 31.0 21.9 83.1 57.3
Other non-operating income, net (1.7) (1.2) (5.4) (17.3)
Income (loss) from continuing operations before income taxes (576.7) 302.9 (286.5) 740.2
Income tax expense (benefit) from continuing operations (132.8) 73.1 (69.0) 174.2
Income (loss) from continuing operations (443.9) 229.8 (217.5) 566.0
Loss from discontinued operations, net of tax 0.0 (3.9) 0.0 (4.7)
Net income (loss) (443.9) 225.9 (217.5) 561.3
Net income attributable to noncontrolling interest 0.0 0.0 0.0 (0.9)
Net income (loss) attributable to controlling interest $ (443.9) $ 225.9 $ (217.5) $ 560.4
Basic income (loss) per common share:        
Income (loss) from continuing operations (USD per share) $ (8.01) $ 4.12 $ (3.91) $ 10.15
Income (loss) from discontinued operations (USD per share) 0 (0.07) 0 (0.09)
Basic income (loss) per common share (USD per share) $ (8.01) $ 4.05 $ (3.91) $ 10.06
Weighted-average common shares outstanding during the period (in shares) 55.4 55.8 55.6 55.7
Diluted income (loss) per common share:        
Income (loss) from continuing operations (USD per share) $ (8.01) $ 4.00 $ (3.91) $ 9.90
Income (loss) from discontinued operations (USD per share) 0 (0.06) 0 (0.09)
Diluted income (loss) per common share (USD per share) $ (8.01) $ 3.94 $ (3.91) $ 9.81
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares) 55.4 57.4 55.6 57.1