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Consolidated Statements of Operations (Parenthetical) - 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]          
Liabilities management and separation costs $ 1.4 $ 21.2 $ 9.0 $ 157.7 $ 43.9
Reorganization items, net $ (4.0) $ (23.2) $ (630.9) $ (892.7) $ 0.0
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
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)
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 (loss) from discontinued operations, net of income taxes 0.0 0.2 0.9 0.0 1.3
Net income (loss) $ (38.2) $ (598.1) $ (313.1) $ (1,631.3) $ 477.9
Financial Designation, Predecessor and Successor Successor Predecessor Predecessor Predecessor Successor
Gain on divestiture (Note 5) $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ 754.4
Loss on debt extinguishment, net $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ (19.7)