Property, Plant and Equipment

9 Months Ended

Sep. 26, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

9. Property, Plant and Equipment

The gross carrying amount and accumulated depreciation of property, plant and equipment were comprised of the following:

	September 26, 2025		December 27, 2024
Property, plant and equipment, gross	$	908.1	$	434.9
Less: accumulated depreciation	(76.5)		(44.3)
Property, plant and equipment, net	$	831.6	$	390.6

During the three months ended September 26, 2025, the Company acquired $402.4 million of property, plant and equipment as a result of the Business Combination.

Depreciation expense was as follows:

	Three Months Ended				Nine Months Ended
	September 26, 2025		September 27, 2024		September 26, 2025		September 27, 2024
Depreciation expense	$	14.2	$	8.2	$	32.4	$	27.2