Restructuring and Related Charges (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2023		Period from June 17, 2022 through July 1, 2022		Period from April 2, 2022 through June 16, 2022
Corporate	$	(0.2)	$	1.1	$	2.8
Restructuring charges, net	$	(0.2)	$	1.1	$	2.8

	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
Specialty Generics	$	—	$	—	$	3.5
Corporate	1.7		1.1		6.1
Restructuring and related charges, net	1.7		1.1		9.6
Less: accelerated depreciation	(0.7)		—		—
Restructuring charges, net	$	1.0	$	1.1	$	9.6

Schedule of Net Restructuring and Related Charges

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

	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
2018 Program	$	(0.2)	$	1.1	$	2.8
Less: non-cash charges, including accelerated depreciation	—		(0.2)		(1.5)
Total charges expected to be settled in cash	$	(0.2)	$	0.9	$	1.3

	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
2018 Program	$	1.7	$	1.1	$	9.6
Less: non-cash charges, including accelerated depreciation	(0.8)		(0.2)		(3.6)
Total charges expected to be settled in cash	$	0.9	$	0.9	$	6.0

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	(0.3)
Cash payments	(5.3)
Balance as of June 30, 2023 (Successor)	$	0.2

Schedule of Restructuring Charges Incurred Cumulative to Date

As of June 30, 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	13.0		84.0
	$	13.8	$	105.6