v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 27, 2024
Dec. 29, 2023
Dec. 30, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The disclosure included in this section is prescribed by SEC rules and does not necessarily align with how the Company or the HRCC views the link between the Company’s performance and its NEO’s pay. For a discussion of how the Company views its executive compensation structure, including alignment with Company performance, see the discussion at the beginning of the section entitled “Compensation Discussion and Analysis.”
In accordance with SEC rules, the following table and supporting narrative contain information regarding compensation actually paid (“CAP”). Neither CAP nor the amount reported in the Summary Compensation Table (“SCT”) reflect the amount of compensation actually paid, earned or received during the applicable year. Per SEC rules, CAP was calculated by adjusting SCT total compensation values for the applicable year as described in the footnotes to the following table.
The HRCC did not consider the pay versus performance data presented below in making its pay decisions for any of the years shown.
PAY VERSUS PERFORMANCE TABLE
Year
SCT
Total for
CEO #1
($)
(1)
SCT
Total for
CEO #2
($)
(2)
CAP to
CEO #1
($)
(1)
CAP to
CEO #2
($)
(2)
Average
SCT Total
for Other
NEOs

($)(3)
Average
CAP to
Other
NEOs

($)(3)
Value of Initial Fixed $100
Investment Based On:
GAAP
Net
Income
(Loss)
(millions)
Consolidated
Net Sales
(millions)
(6)
Total
Shareholder
Return

($)(4)
Peer Group
Total
Shareholder
Return

($)(5)
2025 N/A $ 47,351,608 N/A $ 60,074,922 $ 9,108,612 $ 11,235,687 N/A N/A $ (490) $ 2,371
2024 N/A $ 27,251,192 N/A $ 24,342,316 $ 5,121,209 $ 4,503,031 N/A N/A $ 478 $ 1,980
2023 N/A $ 14,089,756 N/A $ 524,667 $ 6,659,753 $ 3,028,813 N/A N/A $ (1,670) $ 1,623
2022 $ 6,626,033 $ 6,431,741 $ 6,626,033 $ 5,514,924 $ 2,854,557 $ 2,650,330 $ 42 $ 111 $ (911) $ 1,914
2021 $ 8,975,983 N/A $ 8,978,348 N/A $ 3,329,371 $ 3,327,359 N/A N/A $ (717) $ 2,209
(1)
Mark Trudeau served as our CEO in 2021 and 2022.
(2)
Sigurdur O. Olafsson served as our CEO in 2022, 2023, 2024, and 2025.
(3)
Our other NEOs serving in 2021 were Hugh M. O’Neill and Dr. Steven J. Romano. Our other NEOs serving in 2022 were Bryan M. Reasons, Mr. O’Neill, Dr. Romano, Mark A. Tyndall, Stephen Welch and Henriette Nielsen. Our other NEOs serving in 2024 were Mr. Reasons and Dr. Peter Richardson. Our other NEOs serving in 2025 were Ms. Stamoulis, Ms. Nielsen, Ms. French, Mr. Tyndall and Mr. Reasons.
(4)
Assumes a hypothetical initial investment of $100 in new ordinary shares issued on June 17, 2022. The 2022 Total Shareholder Return (“TSR”) covers the period from June 17, 2022 through December 30, 2022, reflecting the portion of fiscal 2022 after our emergence from the 2020 Bankruptcy Proceedings. TSR is not applicable for fiscal 2021 as the Company’s stock ceased being traded in connection with the 2020 bankruptcy proceedings. TSR is not applicable for fiscal 2023, 2024 and 2025 as the Company’s stock ceased being traded in connection with the 2023 bankruptcy proceedings.
(5)
The Peer Group used for TSR comparisons reflects the NYSE Pharmaceuticals Index in the period presented.
(6)
SEC rules require us to designate a “company-selected measure” that in our assessment represents the most important financial performance measure (other than total shareholder return, stock price, or net income) used by us to link the CAP of our NEOs, for the most recently completed fiscal year, to our performance. For purposes of the table above, we selected consolidated net sales, which includes net sales from both continuing and discontinued operations.
To calculate CAP for our CEOs and other NEOs, the following adjustments were made to SCT total pay.
PEO #1: Mr. Trudeau
PEO #2: Mr. Olafsson
2021
2022
2023
2024
2025
2021
2022
2023
2024
2025
SCT Total $ 8,975,983 $ 6,626,033 N/A N/A N/A N/A $ 6,431,741 $ 14,089,756 $ 27,251,192 $ 47,351,608
Deduction for
amounts reported in
the “Stock Awards”
column in the SCT
for applicable fiscal
year
0 0 N/A N/A N/A N/A (4,580,263) (10,000,012) (11,864,619) (5,999,962)
Deduction for
amounts reported in
the “Option Awards”
column in the SCT
for applicable fiscal
year
0 0 N/A N/A N/A N/A 0 0 0 0
Year End Fair Value
of Current Year
Equity Awards
0 0 N/A N/A N/A N/A 3,663,446 0 8,955,743 5,882,963
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
0 0 N/A N/A N/A N/A 0 0 0 12,840,313
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior Year
that Vested in the
Year
2,365 0 N/A N/A N/A N/A 0 (483,585) 0 0
Fair Value as of
Vesting Date of
Equity Awards
Granted and Vested
in the year
0 0 N/A N/A N/A N/A 0 0 0 0
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet
Vesting Conditions in
the Year
0 0 N/A N/A N/A N/A 0 (3,081,492) 0 0
Average Value of
Dividends or other
Earnings Paid on
Stock or Option
Awards not
Otherwise Reflected
in Fair Value of Total
Compensation
0 0 N/A N/A N/A N/A 0 0 0 0
CAP $ 8,978,348 $ 6,626,033 N/A N/A N/A N/A $ 5,514,924 $ 524,667 $ 24,342,316 $ 60,074,922
Average Other NEOs
2021
2022
2023
2024
2025
SCT Total $ 3,329,371 $ 2,854,557 $ 6,659,753 $ 5,121,209 $ 9,108,612
Deduction for amounts reported in the “Stock
Awards” column in the SCT for applicable fiscal year
0 (1,017,838) (2,728,094) (2,521,240) (1,722,733)
Deduction for amounts reported in the “Option
Awards” column in the SCT for applicable fiscal year
0 0 0 0 0
Year End Fair Value of Current Year Equity Awards 0 814,101 0 1,903,063 1,098,155
Year over Year Change in Fair Value of Outstanding
and Unvested Equity Awards
(3,253) (352) 0 0 1,540,857
Year over Year Change in Fair Value of Equity
Awards Granted in Prior Year that Vested in the Year
1,241 (138) (132,472) 0 661,723
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the year 0 0 0 0 549,073
Fair Value at the End of the Prior Year of Equity
Awards that Failed to Meet Vesting Conditions in the
Year
0 0 (770,375) 0 0
Average Value of Dividends or other Earnings Paid
on Stock or Option Awards not Otherwise Reflected
in Fair Value of Total Compensation
0 0 0 0 0
CAP $ 3,327,359 $ 2,650,330 $ 3,028,813 $ 4,503,031 $ 11,235,687
The equity awards included above consist of PSUs, RSUs and stock options granted from 2017 through 2025. The following assumptions underpin the fair value calculations.
Fair values for PSUs subject to market-based measures such as Relative TSR have been calculated using a Monte Carlo valuation model.
       
Company Selected Measure Name Consolidated Net Sales        
Named Executive Officers, Footnote
(1)
Mark Trudeau served as our CEO in 2021 and 2022.
(2)
Sigurdur O. Olafsson served as our CEO in 2022, 2023, 2024, and 2025.
(3)
Our other NEOs serving in 2021 were Hugh M. O’Neill and Dr. Steven J. Romano. Our other NEOs serving in 2022 were Bryan M. Reasons, Mr. O’Neill, Dr. Romano, Mark A. Tyndall, Stephen Welch and Henriette Nielsen. Our other NEOs serving in 2024 were Mr. Reasons and Dr. Peter Richardson. Our other NEOs serving in 2025 were Ms. Stamoulis, Ms. Nielsen, Ms. French, Mr. Tyndall and Mr. Reasons.
       
Peer Group Issuers, Footnote
(5)
The Peer Group used for TSR comparisons reflects the NYSE Pharmaceuticals Index in the period presented.
       
Adjustment To PEO Compensation, Footnote
To calculate CAP for our CEOs and other NEOs, the following adjustments were made to SCT total pay.
PEO #1: Mr. Trudeau
PEO #2: Mr. Olafsson
2021
2022
2023
2024
2025
2021
2022
2023
2024
2025
SCT Total $ 8,975,983 $ 6,626,033 N/A N/A N/A N/A $ 6,431,741 $ 14,089,756 $ 27,251,192 $ 47,351,608
Deduction for
amounts reported in
the “Stock Awards”
column in the SCT
for applicable fiscal
year
0 0 N/A N/A N/A N/A (4,580,263) (10,000,012) (11,864,619) (5,999,962)
Deduction for
amounts reported in
the “Option Awards”
column in the SCT
for applicable fiscal
year
0 0 N/A N/A N/A N/A 0 0 0 0
Year End Fair Value
of Current Year
Equity Awards
0 0 N/A N/A N/A N/A 3,663,446 0 8,955,743 5,882,963
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards
0 0 N/A N/A N/A N/A 0 0 0 12,840,313
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior Year
that Vested in the
Year
2,365 0 N/A N/A N/A N/A 0 (483,585) 0 0
Fair Value as of
Vesting Date of
Equity Awards
Granted and Vested
in the year
0 0 N/A N/A N/A N/A 0 0 0 0
Fair Value at the End
of the Prior Year of
Equity Awards that
Failed to Meet
Vesting Conditions in
the Year
0 0 N/A N/A N/A N/A 0 (3,081,492) 0 0
Average Value of
Dividends or other
Earnings Paid on
Stock or Option
Awards not
Otherwise Reflected
in Fair Value of Total
Compensation
0 0 N/A N/A N/A N/A 0 0 0 0
CAP $ 8,978,348 $ 6,626,033 N/A N/A N/A N/A $ 5,514,924 $ 524,667 $ 24,342,316 $ 60,074,922
       
Non-PEO NEO Average Total Compensation Amount $ 9,108,612 $ 5,121,209 $ 6,659,753 $ 2,854,557 $ 3,329,371
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,235,687 4,503,031 3,028,813 2,650,330 3,327,359
Adjustment to Non-PEO NEO Compensation Footnote
To calculate CAP for our CEOs and other NEOs, the following adjustments were made to SCT total pay.
Average Other NEOs
2021
2022
2023
2024
2025
SCT Total $ 3,329,371 $ 2,854,557 $ 6,659,753 $ 5,121,209 $ 9,108,612
Deduction for amounts reported in the “Stock
Awards” column in the SCT for applicable fiscal year
0 (1,017,838) (2,728,094) (2,521,240) (1,722,733)
Deduction for amounts reported in the “Option
Awards” column in the SCT for applicable fiscal year
0 0 0 0 0
Year End Fair Value of Current Year Equity Awards 0 814,101 0 1,903,063 1,098,155
Year over Year Change in Fair Value of Outstanding
and Unvested Equity Awards
(3,253) (352) 0 0 1,540,857
Year over Year Change in Fair Value of Equity
Awards Granted in Prior Year that Vested in the Year
1,241 (138) (132,472) 0 661,723
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the year 0 0 0 0 549,073
Fair Value at the End of the Prior Year of Equity
Awards that Failed to Meet Vesting Conditions in the
Year
0 0 (770,375) 0 0
Average Value of Dividends or other Earnings Paid
on Stock or Option Awards not Otherwise Reflected
in Fair Value of Total Compensation
0 0 0 0 0
CAP $ 3,327,359 $ 2,650,330 $ 3,028,813 $ 4,503,031 $ 11,235,687
       
Compensation Actually Paid vs. Net Income
CEO compensation actually paid versus GAAP Net Income
[MISSING IMAGE: bc_ceocashflow-pn.jpg]
Other NEO compensation actually paid versus GAAP Net Income
[MISSING IMAGE: bc_oneonetinc-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
CEO compensation actually paid versus Consolidated Net Sales
[MISSING IMAGE: bc_ceonetsales-pn.jpg]
Other NEO compensation actually paid versus Consolidated Net Sales
[MISSING IMAGE: bc_neonetsales-pn.jpg]
       
Tabular List, Table
List of Company Performance Measures
The following table lists the measures we believe are most important in linking compensation actually paid to Company performance during fiscal 2025 (unranked). For further details on these measures and how they feature in our compensation plans, see the section entitled “Compensation Discussion and Analysis — Fiscal 2025 Executive Compensation.”
Measure:
Consolidated net sales
Adjusted EBITDA
Adjusted operating cash flow
       
Total Shareholder Return Amount       42  
Peer Group Total Shareholder Return Amount       111  
Net Income (Loss) $ (490,000,000) $ 478,000,000 $ (1,670,000,000) $ (911,000,000) $ (717,000,000)
Company Selected Measure Amount 2,371,000,000 1,980,000,000 1,623,000,000 1,914,000,000 2,209,000,000
PEO Name Sigurdur O. Olafsson        
Measure:: 1          
Pay vs Performance Disclosure          
Name Consolidated net sales        
Non-GAAP Measure Description
(6)
SEC rules require us to designate a “company-selected measure” that in our assessment represents the most important financial performance measure (other than total shareholder return, stock price, or net income) used by us to link the CAP of our NEOs, for the most recently completed fiscal year, to our performance. For purposes of the table above, we selected consolidated net sales, which includes net sales from both continuing and discontinued operations.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted operating cash flow        
Sigurdur O. Olafsson [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 47,351,608 $ 27,251,192 $ 14,089,756 $ 6,431,741  
PEO Actually Paid Compensation Amount 60,074,922 24,342,316 524,667 5,514,924  
Mark Trudeau [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount       6,626,033 $ 8,975,983
PEO Actually Paid Compensation Amount       6,626,033 8,978,348
PEO | Sigurdur O. Olafsson [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,882,963 8,955,743 0 3,663,446  
PEO | Sigurdur O. Olafsson [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,840,313 0 0 0  
PEO | Sigurdur O. Olafsson [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (483,585) 0  
PEO | Sigurdur O. Olafsson [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
PEO | Sigurdur O. Olafsson [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (3,081,492) 0  
PEO | Sigurdur O. Olafsson [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
PEO | Sigurdur O. Olafsson [Member] | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,999,962) (11,864,619) (10,000,012) (4,580,263)  
PEO | Sigurdur O. Olafsson [Member] | Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
PEO | Mark Trudeau [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 0
PEO | Mark Trudeau [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 0
PEO | Mark Trudeau [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 2,365
PEO | Mark Trudeau [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 0
PEO | Mark Trudeau [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 0
PEO | Mark Trudeau [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 0
PEO | Mark Trudeau [Member] | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 0
PEO | Mark Trudeau [Member] | Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,098,155 1,903,063 0 814,101 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,540,857 0 0 (352) (3,253)
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 661,723 0 (132,472) (138) 1,241
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 549,073 0 0 0 0
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (770,375) 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,722,733) (2,521,240) (2,728,094) (1,017,838) 0
Non-PEO NEO | Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0