XML 63 R52.htm IDEA: XBRL DOCUMENT v3.25.1
Discontinued Operations (Tables)
3 Months Ended
Mar. 29, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The key components of income from the non-healthcare business discontinued operations were as follows:

Three Months Ended
(in millions)
March 29,
2025
March 30,
2024
Revenues$146.7 $153.2 
Cost of sales99.1 118.1 
Intangible assets impairment charges44.0 — 
Gross profit3.6 35.1 
Selling, general and administrative expenses40.1 44.1 
Research and development expenses9.3 10.1 
Intangible assets impairment charges251.0 — 
Operating loss(296.8)(19.1)
Non-operating (loss) income(4.2)2.6 
Loss from discontinued operations, before income taxes(301.0)(16.5)
Benefit for income taxes(83.1)(3.4)
Loss from discontinued operations, net of income taxes$(217.9)$(13.2)
Assets and liabilities of the discontinued operations of the non-healthcare business classified as held-for-sale in the condensed consolidated balance sheets as of March 29, 2025 and December 28, 2024 consist of the following:
(in millions)
March 29,
2025
December 28,
2024
Cash and cash equivalents$41.2 $54.0 
Trade receivable, net of credit allowances103.9 143.3 
Inventories, net166.3 164.4 
Other current assets43.0 41.7 
Total current assets, held-for-sale354.4 403.4 
Property and equipment, net45.3 44.6 
Intangible assets, net217.1 496.6 
Deferred tax assets23.0 25.2 
Other non-current assets48.9 48.8 
Total non-current assets, held-for-sale334.3 615.2 
Total assets held-for-sale - discontinued operations$688.7 $1,018.6 
Accounts payable$91.1 $123.8 
Accrued compensation3.1 4.9 
Deferred revenue and other contract liabilities, current11.7 18.6 
Other current liabilities62.9 70.4 
Total current liabilities, held-for-sale168.8 217.7 
Long-term debt13.5 13.6 
Deferred tax liabilities23.1 99.9 
Other non-current liabilities54.1 57.2 
Total non-current liabilities, held-for-sale90.7 170.7 
Total liabilities held-for-sale - discontinued operations$259.5 $388.4