Restructuring and Related Charges (Tables)

3 Months Ended

9 Months Ended

Sep. 27, 2024

Sep. 27, 2024

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
	Three Months Ended September 27, 2024		Three Months Ended September 29, 2023
Specialty Brands	$	0.1	$	—
Corporate	—		(0.1)
Restructuring charges, net	$	0.1	$	(0.1)

	Successor		Predecessor
	Nine Months Ended September 27, 2024		Nine Months Ended September 29, 2023
Specialty Brands	$	10.5	$	—
Corporate	—		1.7
Restructuring and related charges, net	10.5		1.7
Less: accelerated depreciation	—		(0.8)
Restructuring charges, net	$	10.5	$	0.9

Schedule of Net Restructuring and Related Charges

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

	Successor		Predecessor
	Three Months Ended September 27, 2024		Three Months Ended September 29, 2023
2021 Program	$	0.1	$	—
2018 Program	—		(0.1)
Total charges expected to be settled in cash	$	0.1	$	(0.1)

	Successor		Predecessor
	Nine Months Ended September 27, 2024		Nine Months Ended September 29, 2023
2021 Program	$	10.5	$	—
2018 Program	—		1.7
Less: non-cash charges, including accelerated depreciation	—		(0.8)
Total charges expected to be settled in cash	$	10.5	$	0.9

Schedule of Restructuring Reserves Reconciliation by Program

The following table summarizes the restructuring reserves, which are included in accrued and other current liabilities on the Company's unaudited condensed consolidated balance sheets:

	2021 Program
	Severance		Contract Costs		Total
Balance as of December 29, 2023 (Successor)	$	—	$	—	$	—
Charges from continuing operations	4.6		5.9		10.5
Cash payments	(3.2)		(4.5)		(7.7)
Balance as of September 27, 2024 (Successor)	$	1.4	$	1.4	$	2.8

Schedule of Restructuring Charges Incurred Cumulative to Date

Cumulative net restructuring and related charges incurred for the 2021 and 2018 programs were as follows as of September 27, 2024 (Successor):

	2021 Program		2018 Program
Specialty Brands	$	10.5	$	3.1
Specialty Generics	—		19.3
Corporate	—		96.9
	$	10.5	$	119.3