Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2023

Disaggregation of Revenue [Line Items]

Sales Reserves Rollforward

The following table reflects activity in the Company's sales reserve accounts:

	Rebates and Chargebacks (1)		Product Returns		Other Sales Deductions		Total
Balance as of December 31, 2021 (Predecessor)	$	241.8	$	21.5	$	9.5	$	272.8
Provisions	693.4		5.2		17.1		715.7
Payments or credits	(684.6)		(8.1)		(18.9)		(711.6)
Balance as of June 16, 2022 (Predecessor)	$	250.6	$	18.6	$	7.7	$	276.9
Balance as of June 17, 2022 (Successor)	$	250.6	$	18.6	$	7.7	$	276.9
Provisions	68.5		0.5		1.5		70.5
Payments or credits	(81.4)		(0.7)		(1.9)		(84.0)
Balance as of July 1, 2022 (Successor)	$	237.7	$	18.4	$	7.3	$	263.4
Balance as of December 30, 2022 (Successor)	$	265.3	$	16.0	$	12.7	$	294.0
Provisions	726.0		5.8		21.0		752.8
Payments or credits	(748.3)		(8.6)		(25.4)		(782.3)
Balance as of June 30, 2023 (Successor)	$	243.0	$	13.2	$	8.3	$	264.5

(1)Includes $91.3 million and $89.3 million of accrued Medicaid and $36.4 million and $55.3 million of accrued rebates as of June 30, 2023 (Successor) and December 30, 2022 (Successor), respectively, included within accrued and other current liabilities in the unaudited condensed consolidated balance sheets.

Disaggregation of Revenue

Product sales transferred to customers at a point in time and over time were as follows:

	Successor				Predecessor
	Three Months Ended June 30, 2023		Period from June 17, 2022 through July 1, 2022		Period from April 2, 2022 through June 16, 2022
Product sales transferred at a point in time	83.6	%	83.8	%	82.4	%
Product sales transferred over time	16.4		16.2		17.6

	Successor				Predecessor
	Six Months Ended June 30, 2023		Period from June 17, 2022 through July 1, 2022		Period from January 1, 2022  through June 16, 2022
Product sales transferred at a point in time	82.0	%	83.8	%	80.8	%
Product sales transferred over time	18.0		16.2		19.2

The associated royalty revenue recognized was as follows:

	Successor				Predecessor
	Three Months Ended June 30, 2023		Period from June 17, 2022 through July 1, 2022		Period from April 2, 2022 through June 16, 2022
Royalty revenue	$	0.4	$	3.0	$	14.9

	Successor				Predecessor
	Six Months Ended June 30, 2023		Period from June 17, 2022 through July 1, 2022		Period from January 1, 2022  through June 16, 2022
Royalty revenue	$	3.8	$	3.0	$	34.9

Contract with Customer, Timing of Satisfaction of Performance Obligation and Payment

The following table includes estimated revenue from contracts extending greater than one year for certain of the Company's hospital products that are expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of June 30, 2023 (Successor):

Remainder of Fiscal 2023	$	39.6
Fiscal 2024	37.7
Fiscal 2025	13.2
Thereafter	0.2