Goodwill and Intangible Assets (Tables)

12 Months Ended

Nov. 14, 2023

Dec. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The gross carrying amount and accumulated amortization of intangible assets were comprised of the following at the end of each period:


	Successor				Predecessor
	December 29, 2023				December 30, 2022
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable:
Completed technology	$	624.6	$	16.2	$	3,041.2	$	318.7





Non-Amortizable:

In-process research and development	—				121.3

Finite-lived Intangible Assets Amortization Expense

Intangible asset amortization expense was 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
Amortization expense	$	16.2	$	449.6	$	318.7	$	281.8	$	581.1

Schedule of Future Amortization Expense, Intangible Assets

The estimated aggregate amortization expense on intangible assets owned by the Company and being amortized as of December 29, 2023 (Successor) is expected to be as follows:


Fiscal 2024	$	90.3
Fiscal 2025	74.8
Fiscal 2026	68.4
Fiscal 2027	62.0
Fiscal 2028	55.6

Schedule of Intangible Assets and Goodwill

Intangible assets of the Successor as of the 2023 Effective Date consisted of the following:


	Carrying Amount		Amortization Method	Amortization Period (in years)	Discount Rate	Segment
Amortizable completed technology:
Acthar Gel	$	110.0	Sum of the years digits	10.0	52.3%	Specialty Brands
Therakos	129.4		Sum of the years digits	9.0	51.5	Specialty Brands
Amitiza	12.3		Sum of the years digits	1.0	51.5	Specialty Brands
INOmax	41.3		Sum of the years digits	8.0	51.5	Specialty Brands
Terlivaz	68.1		Straight-line	5.5	52.5	Specialty Brands
Generics	186.7		Straight-line	18.0	14.1	Specialty Generics
APAP	76.8		Straight-line	20.0	13.5	Specialty Generics
	$	624.6