Inventories

9 Months Ended

Sep. 26, 2025


8.			Inventories

Inventories were comprised of the following:


	September 26, 2025		December 27, 2024
Raw materials	$	169.0	$	111.4
Work in process	430.5		362.0
Finished goods	722.8		191.5
Inventories	$	1,322.3	$	664.9

During the three months ended September 26, 2025, the Company acquired $885.7 million and $502.6 million of inventories and inventories, long-term, respectively, as a result of the Business Combination. As of September 26, 2025, the reported inventory balance includes approximately $721.6 million of remaining unamortized fair value step up. Inventory in excess of the amount expected to be sold within one year is classified as inventories, long-term and is excluded from the table above. As of September 26, 2025 and December 27, 2024, the Company had inventories, long-term of $514.1 million, which includes approximately $409.4 million of remaining unamortized fair value step up, and zero, respectively, that was included in other assets in the unaudited condensed consolidated balance sheets. The remaining unamortized fair value step up will be reflected as COGS in future periods as the inventory is sold.