v3.26.1
Intangible Assets
12 Months Ended
Jun. 28, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets Intangible Assets
Intangible assets, net included the following:
SuccessorPredecessor
June 28, 2026June 29, 2025
(in millions of U.S. Dollars)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets:
Customer relationships$120.0 ($10.0)$110.0 $— $— $— 
Developed technology240.0 (31.3)208.7 — — — 
Trade name28.0 (1.9)26.1 — — — 
Finite-lived intangible assets388.0 (43.2)344.8 — — — 
Patent and licensing rights60.9 (13.5)47.4 50.5 (26.7)23.8 
Total intangible assets$448.9 ($56.7)$392.2 $50.5 ($26.7)$23.8 
Total amortization of finite-lived intangible assets was $0.0 million, $43.2 million, $1.2 million and $1.1 million and total amortization of patents and licensing rights was $1.0 million, $14.2 million, $4.2 million and $4.4 million for the periods from June 30, 2025 to September 29, 2025, and September 30, 2025 to June 28, 2026 and the years ended June 29, 2025 and June 30, 2024, respectively.
The Company invested $1.4 million, $3.6 million, $5.3 million and $5.9 million for the periods from June 30, 2025 to September 29, 2025, and September 30, 2025 to June 28, 2026 and the years ended June 29, 2025 and June 30, 2024, respectively, for patent and licensing rights.
Customer relationships, developed technology, trade name, and patent and licensing rights had weighted-average remaining useful lives of 8.3 years, 5.0 years, 10.3 years, and 7.9 years, respectively, as of June 28, 2026. Total future amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets is estimated to be as follows:
(in millions of U.S. Dollars)

Fiscal Year Ending
Total
June 27, 2027$68.5 
June 25, 202865.3 
June 24, 202963.8 
June 30, 203062.2 
June 29, 203161.6 
Thereafter70.8 
Total future amortization expense$392.2