Revenue from Contracts with Customers (Tables)

6 Months Ended

Jul. 01, 2022

Disaggregation of Revenue [Line Items]

The following table reflects activity in the Company's sales reserve accounts:


	Rebates and Chargebacks		Product Returns		Other Sales Deductions		Total
Balance as of December 25, 2020 (Predecessor)	$	196.5	$	26.6	$	12.3	$	235.4
Provisions	1,059.3		14.4		28.3		1,102.0
Payments or credits	(987.1)		(19.5)		(28.6)		(1,035.2)
Balance as of June 25, 2021 (Predecessor)	$	268.7	$	21.5	$	12.0	$	302.2

Balance as of December 31, 2021 (Predecessor)	$	241.8	$	21.5	$	9.5	$	272.8
Provisions	693.4		5.2		17.1		715.7


Payments or credits	(684.6)		(8.1)		(18.9)		(711.6)
Balance as of June 16, 2022 (Predecessor)	$	250.6	$	18.6	$	7.7	$	276.9


Balance as of June 17, 2022 (Successor)	$	250.6	$	18.6	$	7.7	$	276.9
Provisions	68.5		0.5		1.5		70.5
Payments or credits	(81.4)		(0.7)		(1.9)		(84.0)
Balance as of July 1, 2022 (Successor)	$	237.7	$	18.4	$	7.3	$	263.4

Disaggregation of Revenue

Product sales transferred to customers at a point in time and over time were as follows:


	Successor		Predecessor

	Period from June 17, 2022 through July 1, 2022		Period from April 2, 2022 through June 16, 2022		Three Months Ended June 25, 2021
Product sales transferred at a point in time	83.8	%	82.4	%	80.3	%
Product sales transferred over time	16.2		17.6		19.7

The associated royalty revenue recognized was as follows:


	Successor		Predecessor

	Period from June 17, 2022 through July 1, 2022		Period from April 2, 2022 through June 16, 2022		Three Months Ended June 25, 2021
Royalty revenue	$	3.0	$	14.9	$	19.5


	Successor		Predecessor
	Period from June 17, 2022 through July 1, 2022		Period from January 1, 2022 through June 16, 2022		Six Months Ended June 25, 2021
Royalty revenue	$	3.0	$	34.9	$	54.9

Contract with Customer, Timing of Satisfaction of Performance Obligation and Payment

The following table includes estimated revenue from contracts extending greater than one year for certain of the Company's hospital products that are expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of July 1, 2022:


	Successor
Remainder of Fiscal 2022	$	51.4
Fiscal 2023	85.5
Fiscal 2024	23.5
Thereafter	2.7