Restructuring and Related Charges (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges by Segment

Net restructuring and related charges by segment were as follows:

	Successor		Predecessor
	Three Months Ended September 30, 2022		Three Months Ended September 24, 2021
Specialty Brands	$	—	$	0.1
Specialty Generics	(0.2)		—
Corporate	2.4		11.6
Restructuring and related charges, net	2.2		11.7
Less: accelerated depreciation	—		(0.7)
Restructuring charges, net	$	2.2	$	11.0

	Successor		Predecessor
	Period from June 17, 2022 through September 30, 2022		Period from January 1, 2022  through June 16, 2022		Nine Months Ended September 24, 2021
Specialty Brands	$	—	$	—	$	0.1
Specialty Generics	(0.2)		3.5		—
Corporate	3.5		6.1		19.4
Restructuring and related charges, net	3.3		9.6		19.5
Less: accelerated deprecation	—		—		(2.0)
Restructuring charges, net	$	3.3	$	9.6	$	17.5

Schedule of Net Restructuring and Related Charges

Net restructuring and related charges by program were comprised of the following:

	Successor		Predecessor
	Three Months Ended September 30, 2022		Three Months Ended September 24, 2021
2018 Program	$	2.2	$	11.7
Less: non-cash charges, including accelerated depreciation	(0.7)		(1.7)
Total charges expected to be settled in cash	$	1.5	$	10.0

	Successor		Predecessor
	Period from June 17, 2022 through September 30, 2022		Period from January 1, 2022  through June 16, 2022		Nine Months Ended September 24, 2021
2018 Program	$	3.3	$	9.6	$	19.5
Less: non-cash charges, including accelerated depreciation	(0.9)		(3.6)		(4.3)
Total charges expected to be settled in cash	$	2.4	$	6.0	$	15.2

Schedule of Restructuring Reserves Reconciliation by Program

The following table summarizes cash activity for restructuring reserves for the 2018 Program, which primarily related to employee severance and benefits:

Balance as of December 31, 2021 (Predecessor)	$	10.9
Charges	7.1
Changes in estimate	(1.1)
Cash payments	(15.9)
Balance as of June 16, 2022 (Predecessor)	$	1.0
Balance as of June 17, 2022 (Successor)	$	1.0
Charges	2.6
Changes in estimate	(0.2)
Cash payments	(1.6)
Balance as of September 30, 2022 (Successor)	$	1.8

Schedule of Restructuring Charges Incurred Cumulative to Date

As of September 30, 2022 (Successor), net restructuring and related charges incurred cumulative to date for the 2018 Program were as follows:

	Successor		Predecessor
Specialty Brands	$	—	$	3.1
Specialty Generics	(0.2)		18.5
Corporate	3.5		84.0
	$	3.3	$	105.6