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Segment Data (Schedule of Segment Reporting Information by Business Segment) (Details) - USD ($)
$ 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
Operating Income (Loss) (54.8) (56.6) (37.0) (159.2) (57.8)
Depreciation and amortization (45.5) (129.3) (126.7) (262.5) (281.8)
Employee Benefits and Share-based Compensation 0.0 (2.7) (0.5) (5.3) (1.7)
Restructuring and related charges, net (1.1)     (1.7) (9.6)
Specialty Generics          
Net sales 26.8 194.9 136.0 367.5 287.5
Restructuring and related charges, net 0.0     0.0 (3.5)
Corporate, Non-Segment          
Corporate and unallocated expenses (0.9) [1] 0.6 [2] (15.4) [2] (13.4) [1] (48.2) [1]
Depreciation and amortization (48.4) (141.1) (144.6) (286.2) (321.8)
Restructuring and related charges, net (1.1) 0.2 (2.8) (1.0) (9.6)
Separation Costs (9.2) [3],[4] (10.3) [4] (7.0) [4] (15.2) [3] (9.0) [3]
Operating Segments          
Operating Income (Loss) 4.8 96.7 133.3 161.9 332.5
Operating Segments | Specialty Brands          
Net sales 58.2 280.1 247.7 532.1 587.1
Operating Income (Loss) 4.5 61.6 102.4 94.0 267.2
Operating Segments | Specialty Generics          
Net sales 26.8 194.9 136.0 367.5 287.5
Operating Income (Loss) $ 0.3 $ 35.1 $ 30.9 $ 67.9 $ 65.3
[1] Includes administration expenses and certain compensation, legal, environmental and other costs not charged to the Company's reportable segments.
[2] Includes administration expenses and certain compensation, legal, environmental and other costs not charged to the Company's reportable segments.
[3] Represents costs included in SG&A expenses, primarily related to professional fees incurred by the Company (including where the Company is responsible for the fees of third parties) in connection with its ongoing evaluation of its financial situation and related discussions with its stakeholders, expenses incurred related to the Predecessor directors' and officers' insurance policy and severance for the former CEO of the Predecessor, in addition to professional fees and costs incurred as the Company explores potential sales of non-core assets to enable further deleveraging post-emergence.
[4] Represents costs included in selling, general and administrative ("SG&A") expenses, primarily related to professional fees incurred by the Company (including where the Company is responsible for the fees of third parties) in connection with its ongoing evaluation of its financial situation and related discussions with its stakeholders, expenses incurred related to the Predecessor directors' and officers' insurance policy and severance for the former CEO of the Predecessor, in addition to professional fees and costs incurred as the Company explores potential sales of non-core assets to enable further deleveraging post-emergence.