v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 27, 2025
Jun. 30, 2026
Jun. 27, 2025
Cash Flows From Operating Activities - Continuing Operations:        
Loss from continuing operations $ (220.5) $ (30.5) $ (334.0) $ (105.8)
Adjustments to reconcile net cash from operating activities:        
Depreciation and amortization     120.8 24.9
Share-based compensation     32.0 13.6
Deferred income taxes     (38.8) (5.6)
Non-cash impairment charge 207.7 0.0 207.7 0.0
Loss on divestiture     0.0 6.7
Inventory step-up amortization from acquisitions     190.3 0.0
Inventory provisions     5.8 8.9
Fair value adjustment in contingent consideration liabilities     1.2 0.8
Non-cash accretion expense     9.5 3.4
Other non-cash items     (6.0) 5.4
Changes in assets and liabilities:        
Accounts receivable, net     (39.7) (18.5)
Inventories     22.2 61.2
Accounts payable     15.6 12.6
Income taxes     (5.7) 15.9
Acthar Gel-Related Litigation Settlement     (33.7) (21.3)
Other     21.6 46.8
Net cash provided by operating activities - continuing operations     168.8 49.0
Cash Flows From Investing Activities - Continuing Operations:        
Capital expenditures     (13.9) (16.7)
Payments from divestiture, net of divested cash (Note 4)     0.0 (6.2)
Proceeds from sale of equity securities 4.5   10.2 0.0
Other     0.0 0.3
Net cash used in investing activities - continuing operations     (3.7) (22.6)
Cash Flows From Financing Activities - Continuing Operations:        
Repayment of external debt     (7.5) (2.0)
Repurchase of shares     (1.9) (1.9)
Payment of contingent consideration     (1.3) 0.0
Other     0.0 (0.3)
Net cash used in financing activities - continuing operations     (10.7) (4.2)
Discontinued Operations:        
Net cash provided by operating activities - discontinued operations     0.0 112.7
Net cash used in investing activities - discontinued operations     0.0 (23.3)
Net cash provided by financing activities - discontinued operations     0.0 0.0
Net cash provided by discontinued operations     0.0 89.4
Effect of currency rate changes on cash     (2.4) 1.7
Net change in cash, cash equivalents and restricted cash     152.0 113.3
Cash, cash equivalents and restricted cash at beginning of period     954.0 445.7
Cash, cash equivalents and restricted cash at end of period 1,106.0 559.0 1,106.0 559.0
Cash and cash equivalents at end of period 963.7 497.8 963.7 497.8
Restricted cash included in prepaid expenses and other assets at end of period (Note 14) 112.1 19.5 112.1 19.5
Restricted cash included in other long-term assets at end of period (Note 14) 30.2 41.7 30.2 41.7
Cash, cash equivalents and restricted cash at end of period 1,106.0 559.0 1,106.0 559.0
Cash and cash equivalents at end of period - discontinued operations 0.0 127.0 0.0 127.0
Restricted cash included in prepaid expenses and other assets at end of period - discontinued operations 0.0 0.0 0.0 0.0
Restricted cash included in other long-term assets at end of period - discontinued operations 0.0 13.9 0.0 13.9
Cash, cash equivalents and restricted cash at end of period - continuing operations 1,106.0 418.1 1,106.0 418.1
Cash and cash equivalents at end of period - continuing operations 963.7 370.8 963.7 370.8
Restricted cash included in prepaid expenses and other assets at end of period - continuing operations 112.1 19.5 112.1 19.5
Restricted cash included in other long-term assets at end of period - continuing operations $ 30.2 $ 27.8 $ 30.2 $ 27.8