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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
1 Months Ended 3 Months Ended 6 Months Ended
Jul. 01, 2022
Jun. 30, 2023
Jun. 16, 2022
Jun. 30, 2023
Jun. 16, 2022
Net sales $ 85.0 $ 475.0 $ 383.7 $ 899.6 $ 874.6
Cost of sales 102.2 370.1 266.8 744.9 582.0
Gross profit (loss) (17.2) 104.9 116.9 154.7 292.6
Selling, general and administrative expenses 30.3 132.7 122.8 255.6 275.3
Research and development expenses 6.2 29.0 28.3 57.3 65.5
Restructuring charges, net 1.1 (0.2) 2.8 1.0 9.6
Operating loss (54.8) (56.6) (37.0) (159.2) (57.8)
Interest expense 21.1 162.6 50.4 324.6 108.6
Interest income (0.1) (4.7) (0.2) (9.4) (0.6)
Other (expense) income, net 5.9 (1.2) (10.5) (15.8) (14.6)
Reorganization items, net (3.5) (4.0) (587.5) (9.6) (630.9)
Loss from continuing operations before income taxes (73.4) (219.7) (685.2) (499.8) (811.3)
Income tax expense (benefit) (9.7) 528.1 (491.4) 497.3 (497.3)
Loss from continuing operations (63.7) (747.8) (193.8) (997.1) (314.0)
Income from discontinued operations, net of income taxes 0.0 0.0 0.3 $ 0.0 $ 0.9
Net loss $ (63.7) $ (747.8) $ (193.5)    
Basic (loss) income per share (Note 5):          
Loss from continuing operations $ (4.83) $ (56.74) $ (2.29) $ (75.68) $ (3.70)
Income from discontinued operations 0 0 0 0 0.01
Net loss $ (4.83) $ (56.74) $ (2.28) $ (75.68) $ (3.69)
Basic weighted-averaged shares outstanding (in shares) 13.2 13.2 84.8 13.2 84.8
Diluted (loss) income per share (Note 5):          
Loss from continuing operations $ (4.83) $ (56.74) $ (2.29) $ (75.68) $ (3.70)
Income from discontinued operations 0 0 0 0 0.10
Net loss $ (4.83) $ (56.74) $ (2.28) $ (75.68) $ (3.69)
Diluted weighted-average shares outstanding (in shares) 13.2 13.2 84.8 13.2 84.8
Retained Earnings (Deficit)          
Net loss $ (63.7) $ (747.8) $ (193.5) $ (997.1) $ (313.1)