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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
1 Months Ended 6 Months Ended 11 Months Ended 12 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Jun. 16, 2022
Nov. 14, 2023
Dec. 31, 2021
Restricted Cash and Investments, Current $ 40.8 $ 20.6 $ 113.0 $ 47.0 $ 24.0
Restricted Cash and Investments, Noncurrent 39.9 36.6 36.4 39.7 36.2
Cash and cash equivalents 262.7 409.5 297.9 186.7 1,345.0
Cash and Cash Equivalents, Including Restricted Cash 343.4 466.7 447.3 273.4 1,405.2
Effect of currency rate changes on cash 1.4 (1.1) (3.9) (1.7) (1.9)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 70.0 19.4 (957.9) (193.3) 278.2
Cash Flows from Operating Activities:          
Net loss (38.2) (598.1) (313.1) (1,631.3) (717.4)
Adjustments to reconcile net cash provided by operating activities:          
Depreciation and amortization 25.8 347.5 321.8 490.3 675.8
Share-based compensation 0.0 1.4 1.7 8.9 10.2
Deferred income taxes (6.6) (24.9) (473.0) (319.2) (59.9)
Non-cash impairment charges 3.8 0.0 0.0 179.9 154.9
Losses on divestiture 0.0 0.0 0.0 0.0 0.8
Other non-cash items 6.7 16.8 35.3 14.2 (1.6)
Reorganization items, net 0.0 0.0 425.4 831.0 22.5
Accretion Expense (0.7) (139.2) 0.0 (176.7) 0.0
Changes in assets and liabilities:          
Accounts receivable, net 88.6 (18.1) 49.8 (65.5) 98.2
Inventories 51.1 267.9 (33.2) 108.2 (14.0)
Accounts payable 25.8 8.1 (3.6) (37.2) (1.1)
Increase (Decrease) in Accrued Consulting (6.8) (90.7) 0.1 25.0 14.3
Income taxes (1.7) (30.1) (26.9) 169.3 108.5
Opioid-Related Litigation Settlement liability 0.0 0.0 0.0 (250.0) 125.0
Increase (Decrease) Acthar Gel-Related Litigation Settlement 0.0 0.0 0.0 (16.5) 0.0
Medicaid lawsuit 0.0 0.0 0.0 0.0 (4.2)
Payment of claims 0.0 0.0 (629.0) 0.0 0.0
Other 30.6 28.1 2.4 (95.9) 43.4
Net cash from operating activities 178.4 47.1 (642.3) (412.1) 455.4
Cash Flows from Investing Activities:          
Capital expenditures (8.5) (28.8) (33.4) (53.9) (55.3)
Proceeds related to divestiture, net of cash 0.0 70.0 0.0 0.0 15.7
Other 0.9 (13.7) 0.4 1.2 1.8
Net cash from investing activities (7.6) 27.5 (33.0) (52.7) (37.8)
Cash Flows from Financing Activities:          
Issuance of external debt 0.0 0.0 650.0 380.0 0.0
Repayment of external debt (102.2) (50.1) (904.6) (102.6) (137.5)
Debt financing costs 0.0 0.0 (24.1) (4.1) 0.0
Other 0.0 (4.0) 0.0 (0.1) 0.0
Net Cash Provided by (Used in) Financing Activities (102.2) (54.1) (278.7) 273.2 (137.5)
Supplemental Disclosures of Cash Flow Information:          
Cash paid for interest, net 9.0 164.1 111.5 316.8 243.2
Cash paid (received) for income taxes, net $ 0.3 $ 3.0 $ 3.0 $ (128.0) $ (160.0)