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Condensed Consolidated Balance Sheets
$ in Millions
Jul. 01, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Medicaid lawsuit liability $ 16.5 $ 0.0
Opioid-Related Litigation Settlement liability, Current 200.0 0.0
Opioid-Related Litigation Settlement liability 307.6 0.0
Acthar Gel-Related Settlement, Non-current 67.2 0.0
Treasury Stock, Value $ 0.0 $ 1,616.1
Preferred shares, par value (in usd per share) | $ / shares   $ 0.20
Preferred shares, shares authorized (in shares) | shares   500,000,000
Preferred shares, shares issued (in shares) | shares   0
Preferred shares, shares outstanding (in shares) | shares 0 0
Deferred Tax Assets, Net $ 459.8 $ 0.0
Ordinary shares, shares issued (in shares) | shares 0  
Ordinary shares, shares authorized (in shares) | shares   500,000,000
Common Stock, Shares, Outstanding | shares 0  
Ordinary shares, par value (in usd per share) | $ / shares   $ 0.20
Current Assets:    
Cash and cash equivalents $ 354.7 $ 1,345.0
Accounts receivable, less allowance for doubtful accounts of $5.8 and $4.7 370.4 439.1
Inventories 1,201.2 347.2
Prepaid expenses and other current assets 344.2 178.3
Total current assets 2,270.5 2,309.6
Property, plant and equipment, net 448.2 776.0
Intangible assets, net 3,106.7 5,448.4
Other assets 200.7 382.3
Total Assets 6,485.9 8,916.3
Current Liabilities:    
Current maturities of long-term debt 44.1 1,388.9
Accounts payable 89.4 123.0
Accrued payroll and payroll-related costs 63.9 84.6
Accrued interest 21.2 17.0
Accrued and other current liabilities 326.5 328.7
Total current liabilities 761.6 1,942.2
Pension and postretirement benefits 54.8 30.1
Environmental liabilities 37.2 43.0
Deferred Tax Liabilities, Gross 1.4 20.9
Other income tax liabilities 14.0 83.2
Other liabilities 78.4 85.8
Liabilities subject to compromise 0.0 6,397.7
Total Liabilities and Shareholders' Equity 6,485.9 8,916.3
Other liabilities $ 4,347.7 $ 8,602.9
Shareholders' Equity:    
Preferred shares, shares outstanding (in shares) | shares 0 0
Ordinary shares held in treasury at cost $ 0.0 $ (1,616.1)
Predecessor ordinary shares, $0.20 par value, 500,000,000 authorized; 94,296,235 issued; 84,726,590 outstanding 2,203.5 5,597.8
Retained deficit (63.7) (3,678.9)
Predecessor ordinary shares held in treasury at cost, none and 9,569,645 (1.7) (8.3)
Total Shareholders' Equity 2,138.2 313.4
Predecessor    
Preferred shares 0.0 0.0
Ordinary A shares 0.0 0.0
Ordinary shares $ 0.0 $ 18.9
Preferred shares, par value (in usd per share) | $ / shares $ 0.20  
Preferred shares, shares authorized (in shares) | shares 500,000,000  
Preferred shares, shares issued (in shares) | shares 0  
Preferred shares, shares outstanding (in shares) | shares 0  
Ordinary shares, shares issued (in shares) | shares   94,296,235
Ordinary shares, shares authorized (in shares) | shares 500,000,000  
Common Stock, Shares, Outstanding | shares   84,726,590
Ordinary shares, par value (in usd per share) | $ / shares $ 0.20  
Shareholders' Equity:    
Preferred shares $ 0.0 $ 0.0
Preferred shares, shares outstanding (in shares) | shares 0  
Ordinary A shares $ 0.0 0.0
Ordinary shares 0.0 18.9
Successor    
Preferred shares 0.0 0.0
Ordinary A shares 0.0 0.0
Ordinary shares $ 0.1 $ 0.0
Preferred shares, par value (in usd per share) | $ / shares $ 0.01  
Preferred shares, shares authorized (in shares) | shares 500,000,000  
Preferred shares, shares issued (in shares) | shares 0  
Preferred shares, shares outstanding (in shares) | shares 0  
Ordinary shares, shares issued (in shares) | shares   13,170,932
Ordinary shares, shares authorized (in shares) | shares 500,000,000  
Common Stock, Shares, Outstanding | shares 13,170,932  
Ordinary shares, par value (in usd per share) | $ / shares $ 0.01  
Shareholders' Equity:    
Preferred shares $ 0.0 $ 0.0
Preferred shares, shares outstanding (in shares) | shares 0  
Ordinary A shares $ 0.0 0.0
Ordinary shares $ 0.1 $ 0.0
Ordinary A    
Ordinary shares, shares issued (in shares) | shares 0 0.00
Ordinary shares, shares authorized (in shares) | shares 40,000 40,000
Shareholders' Equity:    
Ordinary A shares, shares outstanding (in shares) | shares 0 0