Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 26, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill by reportable segment were as follows:

	Specialty Brands		Generics		Sterile Injectables		Total
Balance as of December 27, 2024	$	—	$	—	$	—	$	—
Goodwill additions (Note 3)	7.3		—		—		7.3
Balance as of September 26, 2025	$	7.3	$	—	$	—	$	7.3

Schedule of Intangible Assets

The gross carrying amount and accumulated amortization of intangible assets were comprised of the following (in millions):

	September 26, 2025						December 27, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Amortizable:
Completed technology	$	2,659.2	$	(147.9)	$	2,511.3	$	495.2	$	(75.8)	$	419.4
License agreements	34.0		(1.9)		32.1		—		—		—
Amortizable intangibles assets, net	$	2,693.2	$	(149.8)	$	2,543.4	$	495.2	$	(75.8)	$	419.4
Non-Amortizable:
In-process research and development	17.0		—		17.0		—		—		—
Intangible assets, net	$	2,710.2	$	(149.8)	$	2,560.4	$	495.2	$	(75.8)	$	419.4

Finite-Lived Intangible Assets Amortization Expense

Intangible asset amortization expense is included in COGS in the condensed consolidated statements of operations and was as follows:

	Three Months Ended				Nine Months Ended
	September 26, 2025		September 27, 2024		September 26, 2025		September 27, 2024
Amortization expense	$	47.9	$	18.0	$	74.2	$	66.1

Schedule of Future Amortization Expense, Intangible Assets

As of September 26, 2025, the estimated aggregate amortization expense in the next five fiscal years is expected to be as follows:

Remainder of Fiscal 2025	$	64.8
Fiscal 2026	257.1
Fiscal 2027	253.8
Fiscal 2028	239.6
Fiscal 2029	217.6
Fiscal 2030	204.7