Share Plans (Tables)

12 Months Ended

Dec. 29, 2023

Share-Based Payment Arrangement [Abstract]

Share option activity and information was as follows:


	Share Options	Weighted-Average Exercise Price






Outstanding as of December 25, 2020 (Predecessor)	6,069,712	35.95


Expired/Forfeited	(516,193)	45.63
Outstanding as of December 31, 2021 (Predecessor)	5,553,519	35.05
Expired/Forfeited	(5,553,519)	35.05
Outstanding as of June 16, 2022 (Predecessor)	—	—

Schedule of Restricted Share Unit Activity

RSU activity was as follows:


	Shares	Weighted-Average Grant-Date Fair Value








Non-vested as of December 25, 2020 (Predecessor)	490,671	20.96

Exercised	(186,930)	23.43
Expired/Forfeited	(60,844)	19.58
Non-vested as of December 31, 2021 (Predecessor)	242,897	19.40
Expired/Forfeited	(242,897)	19.40
Non-vested as of June 16, 2022 (Predecessor)	—	—


Non-vested as of June 17, 2022 (Predecessor)	—	—
Granted	890,485	12.03
Non-vested as of December 30, 2022 (Predecessor)	890,485	12.03
Granted	2,089,814	1.18
Exercised	(332,604)	12.89
Expired/Forfeited	(2,647,695)	3.35
Non-vested as of November 14, 2023 (Predecessor)	—	—

Share-based Compensation, Performance Shares Award Outstanding Activity

PSU activity was as follows (1):


	Shares	Weighted-Average Grant-Date Fair Value











Non-vested as of June 17, 2022 (Predecessor)	—	—
Granted	675,821	8.34
Non-vested as of December 30, 2022 (Predecessor)	675,821	8.34
Granted	1,459,493	10.13
Forfeited	(2,135,314)	10.36
Non-vested as of November 14, 2023 (Predecessor)	—	—

(1) The number of shares disclosed within this table are at the target number of 100.0%.

Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions

The assumptions used in the Monte Carlo model for PSUs granted during the period December 31, 2022 through November 14, 2023 (Predecessor) and the period from June 17, 2022 through December 30, 2022 (Predecessor) were as follows:



	Period from December 31, 2022 through November 14, 2023		Period from June 17, 2022 through December 30, 2022
Expected stock price volatility	40.1	%	38.9	%
Peer group stock price volatility	124.7		128.0
Correlation of returns	23.8		24.4