Investments consist of municipal bonds, corporate bonds, U.S. agency securities, commercial paper and certificates of deposit. All short-term investments are classified as available-for-sale.


	Successor
	June 28, 2026
(in millions of U.S. Dollars)	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Credit Loss Allowance	Estimated Fair Value
Corporate bonds	$210.3	$—	($0.4)	$—	$209.9
U.S. treasury securities	185.3	—	(0.2)	—	185.1
Municipal bonds	86.6	0.1	(0.1)	—	86.6
Certificates of deposit	20.2	—	—	—	20.2


Commercial paper	10.5	—	—	—	10.5


Total short-term investments	$512.9	$0.1	($0.7)	$—	$512.3

The following table presents the gross unrealized losses and estimated fair value of the Company’s short-term investments, aggregated by investment type and the length of time that individual securities have been in a continuous unrealized loss position:


	Successor
	June 28, 2026
	Less than 12 Months		Greater than 12 Months		Total
(in millions of U.S. Dollars)	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss
Corporate bonds	$155.7	($0.4)	$11.2	$—	$166.9	($0.4)
U.S. treasury securities	129.0	(0.1)	29.7	(0.1)	158.7	(0.2)
Municipal bonds	68.0	(0.1)	2.6	—	70.6	(0.1)



Total	$352.7	($0.6)	$43.5	($0.1)	$396.2	($0.7)
Number of securities with an unrealized loss		173		12		185


	Predecessor
	June 29, 2025
(in millions of U.S. Dollars)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Credit Loss Allowance		Estimated Fair Value
U.S. treasury securities	$	192.0	$	0.1	$	—	$	—	$	192.1
Corporate bonds	196.8		0.3		(1.5)		—		195.6
Municipal bonds	79.5		0.2		(0.5)		—		79.2
Certificates of deposit	5.0		—		—		—		5.0
Commercial paper	16.3		—		—		—		16.3

Total short-term investments	$	489.6	$	0.6	$	(2.0)	$	—	$	488.2


	Predecessor
	June 29, 2025
	Less than 12 Months		Greater than 12 Months		Total
(in millions of U.S. Dollars)	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss
Corporate bonds	$28.7	$—	$65.2	($1.5)	$93.9	($1.5)
Municipal bonds	6.2	—	41.3	(0.5)	47.5	(0.5)
U.S. treasury securities	90.6	—	—	—	90.6	—



Total	$125.5	$—	$106.5	($2.0)	$232.0	($2.0)
Number of securities with an unrealized loss		54		25		79

Additionally, the Company held seven cash equivalent securities with an aggregate fair value of $37.9 million in unrealized loss positions as of June 28, 2026. The aggregate unrealized loss was less than $0.1 million.

The Company does not include accrued interest in estimated fair values of short-term investments and does not record an allowance for credit losses on receivables related to accrued interest. Accrued interest receivable was $4.8 million and $5.4 million as of June 28, 2026 and June 29, 2025, respectively, and is recorded in other current assets on the consolidated balance sheets. When necessary, write-offs of noncollectible interest income are recorded as a reversal to interest income. There were no write-offs of noncollectible interest income for the period from June 30, 2025 to September 29, 2025 and September 30, 2025 to June 28, 2026, June 29, 2025 or June 30, 2024.

The Company evaluates its investments for expected credit losses. The Company believes it is able to and intends to hold each of the investments held with an unrealized loss as of June 28, 2026 until the investments fully recover in market value. No allowance for credit losses was recorded for the period from June 30, 2025 to September 29, 2025 and September 30, 2025 to June 28, 2026, June 29, 2025 or June 30, 2024.


	Successor
(in millions of U.S. Dollars)	Within One Year	After One, Within Five Years	After Five, Within Ten Years	After Ten Years	Total
Corporate bonds	$180.5	$29.4	$—	$—	$209.9
U.S. treasury securities	144.0	41.1	—	—	185.1
Municipal bonds	78.7	7.9	—	—	86.6
Certificates of deposit	20.0	0.2	—	—	20.2


Commercial paper	10.5	—	—	—	10.5


Total short-term investments	$433.7	$78.6	$—	$—	$512.3