Restructuring and Related Charges (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023		Three Months Ended April 1, 2022
Specialty Generics	$	—	$	3.5
Corporate	1.9		3.3
Restructuring and related charges, net	1.9		6.8
Less: accelerated depreciation	(0.7)		—
Restructuring charges, net	$	1.2	$	6.8

Schedule of Net Restructuring and Related Charges

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

	Successor		Predecessor
	Three Months Ended March 31, 2023		Three Months Ended April 1, 2022
2018 Program	$	1.9	$	6.8
Less: non-cash charges, including accelerated depreciation	(0.8)		(2.1)
Total charges expected to be settled in cash	$	1.1	$	4.7

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:

	2018 Program
Balance as of December 30, 2022 (Successor)	$	4.6
Charges from continuing operations	1.2
Changes in estimate from continuing operations	(0.1)
Cash payments	(4.2)
Balance as of March 31, 2023 (Successor)	$	1.5

Schedule of Restructuring Charges Incurred Cumulative to Date

As of March 31, 2023 (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	0.8		18.5
Corporate	13.2		84.0
	$	14.0	$	105.6