Restructuring and Related Charges (Tables)

12 Months Ended

Dec. 29, 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
	Period from November 15, 2023 through December 29, 2023		Period from December 31, 2022 through November 14, 2023		Period from June 17, 2022 through December 30, 2022		Period from January 1, 2022 through June 16, 2022		Year Ended December 31, 2021
Specialty Brands	$	—	$	—	$	—	$	—	$	0.1
Specialty Generics	—		—		0.8		3.5		4.9
Corporate	—		1.7		11.3		6.1		24.0
Restructuring and related charges, net	—		1.7		12.1		9.6		29.0
Less: accelerated depreciation	—		(0.8)		(1.0)		—		(2.1)
Restructuring charges, net	$	—	$	0.9	$	11.1	$	9.6	$	26.9

Schedule of Net Restructuring and Related Charges

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

	Successor		Predecessor
	Period from November 15, 2023 through December 29, 2023		Period from December 31, 2022 through November 14, 2023		Period from June 17, 2022 through December 30, 2022		Period from January 1, 2022 through June 16, 2022		Year Ended December 31, 2021
2018 Program	$	—	$	1.7	$	12.1	$	9.6	$	29.0
Less: non-cash charges, including accelerated depreciation	—		(0.8)		(2.2)		(3.6)		(6.3)
Total charges expected to be settled in cash	$	—	$	0.9	$	9.9	$	6.0	$	22.7

Schedule of Restructuring Reserves by Type of Cost

The following table summarizes cash activity for restructuring reserves, substantially all of which related to contract termination costs, employee severance and benefits and exiting of certain facilities:

	2018 Program
Balance as of December 25, 2020 (Predecessor)	$	1.0
Charges from continuing operations	23.7
Changes in estimate from continuing operations	(1.0)
Cash payments	(12.8)
Balance as of December 31, 2021 (Predecessor)	10.9
Charges from continuing operations	7.1
Changes in estimate from continuing operations	(1.1)
Cash payments	(15.9)
Balance as of June 16, 2022 (Predecessor)	$	1.0
Balance as of June 17, 2022 (Predecessor)	$	1.0
Charges from continuing operations	12.7
Changes in estimate from continuing operations	(2.8)
Cash payments	(6.3)
Balance as of December 30, 2022 (Predecessor)	4.6
Charges from continuing operations	1.3
Changes in estimate from continuing operations	(0.4)
Cash payments	(5.4)
Balance as of November 14, 2023 (Predecessor)	$	0.1
Balance as of November 15, 2023 (Successor) and December 29, 2023 (Successor)	$	0.1

Schedule of Restructuring Charges Incurred Cumulative to Date

As of December 29, 2023 (Successor), net restructuring and related charges incurred cumulative to date for the 2018 Program were as follows:

Specialty Brands	$	3.1
Specialty Generics	19.3
Corporate	96.9
	$	119.3