Restructuring and Related Charges (Tables)

12 Months Ended

Dec. 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
	Year Ended December 27, 2024		Period from November 15, 2023 through December 29, 2023		Period from December 31, 2022 through November 14, 2023		Period from June 17, 2022 through December 30, 2022		Period from January 1, 2022 through June 16, 2022
Specialty Brands	$	10.5	$	—	$	—	$	—	$	—
Specialty Generics	—		—		—		0.8		3.5
Corporate	—		—		1.7		11.3		6.1
Restructuring and related charges, net	10.5		—		1.7		12.1		9.6
Less: accelerated depreciation	—		—		(0.8)		(1.0)		—
Restructuring charges, net	$	10.5	$	—	$	0.9	$	11.1	$	9.6

Schedule of Net Restructuring and Related Charges

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

	Successor				Predecessor
	Year Ended December 27, 2024		Period from November 15, 2023 through December 29, 2023		Period from December 31, 2022 through November 14, 2023		Period from June 17, 2022 through December 30, 2022		Period from January 1, 2022 through June 16, 2022
2021 Program	$	10.5	$	—	$	—	$	—	$	—
2018 Program	—		—		1.7		12.1		9.6
Total programs	10.5		—		1.7		12.1		9.6
Less: non-cash charges, including accelerated depreciation	—		—		(0.8)		(2.2)		(3.6)
Restructuring charges, net	$	10.5	$	—	$	0.9	$	9.9	$	6.0

Schedule of Restructuring Reserves by Type of Cost

	Severance		Contract Costs		Total
Balance as of December 31, 2021 (Predecessor)	$	10.9	$	—	$	10.9
Charges from continuing operations	7.1		—		7.1
Changes in estimate from continuing operations	(1.1)		—		(1.1)
Cash payments	(15.9)		—		(15.9)
Balance as of June 16, 2022 (Predecessor)	$	1.0	$	—	$	1.0
Balance as of June 17, 2022 (Predecessor)	$	1.0	$	—	$	1.0
Charges from continuing operations	12.7		—		12.7
Changes in estimate from continuing operations	(2.8)		—		(2.8)
Cash payments	(6.3)		—		(6.3)
Balance as of December 30, 2022 (Predecessor)	4.6		—		4.6
Charges from continuing operations	1.3		—		1.3
Changes in estimate from continuing operations	(0.4)		—		(0.4)
Cash payments	(5.4)		—		(5.4)
Balance as of November 14, 2023 (Predecessor)	$	0.1	$	—	$	0.1
Balance as of November 15, 2023 (Successor) and December 29, 2023 (Successor)	$	0.1	$	—	$	0.1
Charges from continuing operations	4.6		5.9		10.5
Cash payments	(4.5)		(4.8)		(9.3)
Balance as of December 27, 2024 (Successor)	$	0.2	$	1.1	$	1.3

Schedule of Restructuring Charges Incurred Cumulative to Date

	2021 Program		2018 Program
Specialty Brands	$	10.5	$	3.1
Specialty Generics	—		19.3
Corporate	—		96.9
Restructuring and related charges, net	$	10.5	$	119.3