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Consolidated Statements of Operations - USD ($)
shares in Millions, $ 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. 27, 2024
Income Statement [Abstract]          
Net sales $ 243.0 $ 1,039.7 $ 874.6 $ 1,622.9 $ 1,979.7
Cost of sales 179.1 991.0 582.0 1,300.5 1,152.6
Gross profit 63.9 48.7 292.6 322.4 827.1
Selling, general and administrative expenses 64.2 268.9 266.3 448.2 566.8
Research and development expenses 15.9 64.2 65.5 97.1 115.7
Restructuring charges, net 0.0 11.1 9.6 0.9 10.5
Non-restructuring impairment charges 2.6 0.0 0.0 135.9 0.0
Operating income (loss) (20.2) (316.7) (57.8) (517.4) 90.2
Interest expense (28.3) (324.3) (108.6) (507.2) (228.3)
Interest income 0.9 3.9 0.6 14.7 27.0
Other (expense) income, net 5.4 10.0 (14.6) (6.5) (9.1)
Reorganization items, net (4.0) (23.2) (630.9) (892.7) 0.0
Income (loss) from continuing operations before income taxes (46.2) (650.3) (811.3) (1,909.1) 614.5
Income tax expense (benefit) (8.0) (52.0) (497.3) (277.8) 137.9
Income (loss) from continuing operations (38.2) (598.3) (314.0) (1,631.3) 476.6
Income from discontinued operations, net of tax expense 0.0 0.2 0.9 0.0 1.3
Net income (loss) $ (38.2) $ (598.1) $ (313.1) $ (1,631.3) $ 477.9
Income (loss) from continuing operations $ (1.94) $ (45.43) $ (3.70) $ (122.75) $ 24.20
Income from discontinued operations 0 0.02 0.01 0 0.07
Earnings Per Share, Basic $ (1.94) $ (45.41) $ (3.69) $ (122.75) $ 24.26
Basic weighted-average shares outstanding 19.7 13.2 84.8 13.3 19.7
Income (loss) from continuing operations $ (1.94) $ (45.43) $ (3.70) $ (122.75) $ 24.11
Income from discontinued operations 0 0.02 0.01 0 0.07
Earnings Per Share, Diluted $ (1.94) $ (45.41) $ (3.69) $ (122.75) $ 24.17
Weighted Average Number of Shares Outstanding, Diluted 19.7 13.2 84.8 13.3 19.8
Basic income (loss) per share (Note 9):          
Income (loss) from continuing operations $ (1.94) $ (45.43) $ (3.70) $ (122.75) $ 24.20
Income from discontinued operations $ 0 $ 0.02 $ 0.01 $ 0 $ 0.07
Basic weighted-average shares outstanding 19.7 13.2 84.8 13.3 19.7
Diluted income (loss) per share (Note 9):          
Income (loss) from continuing operations $ (1.94) $ (45.43) $ (3.70) $ (122.75) $ 24.11
Income from discontinued operations 0 0.02 0.01 0 0.07
Net income (loss) $ (1.94) $ (45.41) $ (3.69) $ (122.75) $ 24.17
Diluted weighted-average shares outstanding 19.7 13.2 84.8 13.3 19.8