Financial Summary (All financials)
| In millions, except per share items | May-29-11 | May-30-10 | May-31-09 | May-25-08 | May-27-07 | May-28-06 | May-25-06 | May-29-05 |
| Revenues | 1,520.4 | 1,419.4 | 1,460.4 | 1,885.9 | 1,929.9 | | 0.0 | |
| Revenue growth | 7.1% | -2.8% | -22.6% | -2.3% | | | | |
| Cost of goods sold | 482.0 | 484.2 | 544.1 | 671.5 | 757.7 | | -4.2 | |
| Gross profit | 1,038.4 | 935.2 | 916.3 | 1,214.4 | 1,172.2 | | 4.2 | |
| Gross margin | 68.3% | 65.9% | 62.7% | 64.4% | 60.7% | | | |
| Selling, general and administrative | 282.3 | 317.0 | 283.0 | 315.5 | 310.9 | | 0.0 | |
| Research and development | 278.6 | 272.7 | 306.0 | 363.0 | 363.7 | | | |
| EBIT | 477.2 | 345.9 | 330.0 | 536.3 | 500.4 | | 5.9 | |
| EBIT margin | 31.4% | 24.4% | 22.6% | 28.4% | 25.9% | | | |
| Pre-tax income | 403.0 | 268.6 | 113.6 | 451.2 | 530.6 | | 10.1 | |
| Income taxes | 104.2 | 59.4 | 40.3 | 118.9 | 155.3 | | 0.0 | |
| Tax rate | 25.9% | 22.1% | 35.5% | 26.4% | 29.3% | | 0.0% | |
| Earnings from continuing ops | 298.8 | 209.2 | 73.3 | 332.3 | 375.3 | | 10.1 | |
| Earnings from discontinued ops | | | | | | | 10.1 | |
| Net income | 298.8 | 209.2 | 73.3 | 332.3 | 375.3 | | 10.1 | |
| Net margin | 19.7% | 14.7% | 5.0% | 17.6% | 19.4% | | | |
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| Diluted EPS | $1.20 | $0.87 | $0.31 | $1.26 | $1.12 | | | |
| Shares outstanding (diluted) | 248.2 | 241.3 | 235.1 | 264.3 | 334.2 | | | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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