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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Net sales $ 467.8 $ 424.6
Cost of sales 303.8 374.8
Gross profit 164.0 49.8
Selling, general and administrative expenses 136.9 118.0
Research and development expenses 27.9 28.3
Restructuring charges, net 10.2 1.2
Separation Costs 6.7 4.9
Operating loss (17.7) (102.6)
Interest expense 59.1 162.0
Interest income (6.8) (4.7)
Other income (expense), net 3.7 (14.6)
Reorganization items, net 0.0 (5.6)
Loss from continuing operations before income taxes (66.3) (280.1)
Income tax benefit (0.7) (30.8)
Loss from continuing operations (65.6) (249.3)
Income from discontinued operations, net of income taxes 0.2 0.0
Net loss $ (65.4) $ (249.3)
Basic (loss) income per share (Note 6):    
Loss from continuing operations $ (3.33) $ (18.93)
Income from discontinued operations 0.01 0
Net loss $ (3.32) $ (18.93)
Basic weighted-averaged shares outstanding (in shares) 19.7 13,200,000
Diluted (loss) income per share (Note 6):    
Loss from continuing operations $ (3.33) $ (18.93)
Income from discontinued operations 0.01 0
Net loss $ (3.32) $ (18.93)
Diluted weighted-average shares outstanding (in shares)   13,200,000
Retained Earnings (Deficit)    
Net loss $ (65.4) $ (249.3)