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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 27, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | The key components of income from the non-healthcare business discontinued operations were as follows:
| Three Months Ended |  | Nine Months Ended
(in millions) | September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Revenues | $ | 126.7 |  |  | $ | 161.3 |  |  | $ | 414.9 |  |  | $ | 466.9 |
Cost of sales | 78.2 |  |  | 110.3 |  |  | 264.5 |  |  | 333.2 |
Intangible assets impairment charges | — |  |  | — |  |  | 44.0 |  |  | — |
Gross profit | 48.5 |  |  | 51.0 |  |  | 106.4 |  |  | 133.7 |
Selling, general and administrative expenses | 32.9 |  |  | 48.0 |  |  | 108.0 |  |  | 143.6 |
Research and development expenses | 9.2 |  |  | 11.1 |  |  | 26.2 |  |  | 31.0 |
Intangible assets impairment charges | — |  |  | — |  |  | 251.0 |  |  | — |
Operating income (loss) | 6.4 |  |  | (8.1) |  |  | (278.8) |  |  | (40.9) |
Loss on disposition | (111.0) |  |  | — |  |  | (111.0) |  |  | — |
Reclass of unrealized foreign currency translation losses upon disposition of discontinued operations | (44.5) |  |  | — |  |  | (44.5) |  |  | — |
Other non-operating income (loss) | 2.3 |  |  | (9.5) |  |  | (4.3) |  |  | (4.3) |
Loss from discontinued operations, before income taxes | (146.8) |  |  | (17.6) |  |  | (438.6) |  |  | (45.2) |
Provision (benefit) for income taxes | 7.3 |  |  | (3.1) |  |  | (73.0) |  |  | (8.7) |
Loss from discontinued operations, net of income taxes | $ | (154.1) |  |  | $ | (14.5) |  |  | $ | (365.6) |  |  | $ | (36.5) |
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 September 27, 2025 and December 28, 2024 consist of the following:
(in millions) | September 27, 2025 |  | December 28, 2024
Cash and cash equivalents | $ | 0.6 |  |  | $ | 54.0 |
Trade receivable, net of credit allowances | — |  |  | 143.3 |
Inventories, net | 0.2 |  |  | 164.4 |
Other current assets | 0.1 |  |  | 41.7 |
Total current assets, held-for-sale | 0.9 |  |  | 403.4 |
Property and equipment, net | — |  |  | 44.6 |
Intangible assets, net | 1.3 |  |  | 496.6 |
Deferred tax assets | — |  |  | 25.2 |
Other non-current assets | 0.1 |  |  | 48.8 |
Total non-current assets, held-for-sale | 1.4 |  |  | 615.2 |
Total assets held-for-sale - discontinued operations | $ | 2.3 |  |  | $ | 1,018.6 |
Accounts payable | $ | — |  |  | $ | 123.8 |
Accrued compensation | 0.7 |  |  | 4.9 |
Deferred revenue and other contract liabilities, current | — |  |  | 18.6 |
Other current liabilities | 0.6 |  |  | 70.4 |
Total current liabilities, held-for-sale | 1.3 |  |  | 217.7 |
Long-term debt | — |  |  | 13.6 |
Deferred tax liabilities | — |  |  | 99.9 |
Other non-current liabilities | 0.1 |  |  | 57.2 |
Total non-current liabilities, held-for-sale | 0.1 |  |  | 170.7 |
Total liabilities held-for-sale - discontinued operations | $ | 1.4 |  |  | $ | 388.4 |

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