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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Net sales $ 424.6 $ 490.9
Cost of sales 374.8 315.2
Gross profit 49.8 175.7
Selling, general and administrative expenses 122.9 152.5
Research and development expenses 28.3 37.2
Restructuring charges, net 1.2 6.8
Operating loss (102.6) (20.8)
Interest expense 162.0 58.2
Interest income (4.7) (0.4)
Other expense, net (14.6) (4.1)
Reorganization items, net (5.6) (43.4)
Loss from continuing operations before income taxes (280.1) (126.1)
Income tax benefit (30.8) (5.9)
Loss from continuing operations (249.3) (120.2)
Income from discontinued operations, net of income taxes 0.0 0.6
Net loss $ (249.3) $ (119.6)
Basic (loss) income per share (Note 5):    
Loss from continuing operations $ (18.93) $ (1.42)
Income from discontinued operations 0 0.01
Net loss $ (18.93) $ (1.41)
Basic weighted-averaged shares outstanding (in shares) 13.2 84.7
Diluted (loss) income per share (Note 5):    
Loss from continuing operations $ (18.93) $ (1.42)
Income from discontinued operations 0 0.01
Net loss $ (18.93) $ (1.41)
Diluted weighted-average shares outstanding (in shares) 13.2 84.7
Retained Earnings (Deficit)    
Net loss $ (249.3) $ (119.6)