v3.26.1
Restructuring, Integration and Other Charges
 3 Months Ended
Mar. 29, 2026
Restructuring and Related Activities [Abstract]  
Restructuring, Integration and Other Charges Restructuring, Integration and Other Charges
Restructuring and other charges primarily include costs incurred in the three months ended March 29, 2026, in connection with the (i) implementation of cost-reduction, strategic productivity and margin improvement initiatives under the Optimization Plan
and (ii) the SAVANNA Exit. The cumulative pre-tax charges to be incurred by the Company to implement the Optimization Plan are expected to be approximately $100.0 million through 2027, with charges of $20.4 million incurred to date. The SAVANNA Exit is expected to be substantially complete by the first half of 2027. There were no restructuring or other charges recorded in the three months ended March 30, 2025.
Integration expenses include costs incurred in connection with the Combinations, which have been completed at the end of 2025. The integration expenses amounted to $16.1 million for the three months ended March 30, 2025.
The following summarizes Restructuring, integration and other charges:
Three Months Ended
(In millions)March 29, 2026
Restructuring charges:
Employee terminations$0.6 
Asset impairments/write off0.7 
Provision for restructuring(1)(2)
1.3 
SAVANNA Exit charges:
Employee terminations0.2 
Asset impairments/write off(0.6)
Other costs0.4 
SAVANNA Exit charges(2)
— 
Implementation costs(2)(3)
3.1 
Accelerated depreciation2.0 
Total charges$6.4 
Cost of sales, excluding amortization of intangibles$2.0 
Restructuring, integration and other charges4.4 
Total charges$6.4 
(1) Primarily represents charges incurred in connection with the Raritan, NJ site exit. The manufacturing activities conducted in the Raritan, NJ facility will be transferred to other facilities.
(2) Included in the Restructuring, integration and other charges in the Consolidated Statements of Loss.
(3) Represents incremental costs directly related to implementing cost-reduction, strategic productivity and margin improvement initiatives.
The components of, and charges in, the restructuring accruals were as follows:
(In millions)Employee TerminationsAsset impairments/write offAccrual
Balance at December 28, 2025$7.6 $— $7.6 
Provision for restructuring0.6 0.7 1.3 
Utilization and other— (0.7)(0.7)
Balance at March 29, 2026 (1)
$8.2 $— $8.2 
(1) Included in Other current liabilities ($0.8 million) and Other liabilities ($7.4 million)