v3.25.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 28, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The key components of income from the non-healthcare business discontinued operations were as follows:

Three Months Ended
Six Months Ended
(in millions)
June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Revenues$141.5 $152.4 $288.2 $305.6 
Cost of sales87.2 104.8 186.3 223.0 
Intangible assets impairment charges— — 44.0 — 
Gross profit54.3 47.6 57.9 82.6 
Selling, general and administrative expenses35.2 51.4 75.2 95.5 
Research and development expenses7.6 9.8 17.0 19.9 
Intangible assets impairment charges— — 251.0 — 
Operating income (loss)11.5 (13.6)(285.3)(32.8)
Non-operating (loss) income(2.3)2.6 (6.5)5.2 
Income (loss) from discontinued operations, before income taxes9.2 (11.0)(291.8)(27.6)
Provision (benefit) for income taxes2.8 (2.2)(80.3)(5.6)
Income (loss) from discontinued operations, net of income taxes$6.4 $(8.8)$(211.5)$(22.0)
Assets and liabilities of the discontinued operations of the non-healthcare business classified as held-for-sale in the condensed consolidated balance sheets as of June 28, 2025 and December 28, 2024 consist of the following:
(in millions)
June 28,
2025		December 28,
2024
Cash and cash equivalents$43.5 $54.0 
Trade receivable, net of credit allowances98.0 143.3 
Inventories, net206.1 164.4 
Other current assets46.2 41.7 
Total current assets, held-for-sale393.8 403.4 
Property and equipment, net47.4 44.6 
Intangible assets, net240.6 496.6 
Deferred tax assets23.0 25.2 
Other non-current assets50.8 48.8 
Total non-current assets, held-for-sale361.8 615.2 
Total assets held-for-sale - discontinued operations$755.6 $1,018.6 
Accounts payable$107.1 $123.8 
Accrued compensation3.7 4.9 
Deferred revenue and other contract liabilities, current13.2 18.6 
Other current liabilities68.8 70.4 
Total current liabilities, held-for-sale192.8 217.7 
Long-term debt13.0 13.6 
Deferred tax liabilities26.5 99.9 
Other non-current liabilities53.0 57.2 
Total non-current liabilities, held-for-sale92.5 170.7 
Total liabilities held-for-sale - discontinued operations$285.3 $388.4