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Discontinued Operations (Tables) | 12 Months Ended
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Jan. 03, 2026
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:
(in millions) | Year Ended January 3, 2026 |  | Year Ended December 28, 2024 |  | Year Ended December 30, 2023
Revenues | $ | 414.9 |  |  | $ | 699.1 |  |  | $ | 772.6 |
Cost of sales | 309.3 |  | 489.1 |  | 534.7
Gross profit | 105.6 |  | 210.0 |  | 237.9
Selling, general and administrative expenses | 108.4 |  | 195.1 |  | 212.7
Research and development expenses | 27.5 |  |  | 40.6 |  |  | 44.7 |
Intangible assets impairment charges | 251.5 |  |  | 304.0 |  |  | 10.0 |
Operating loss | (281.8) |  |  | (329.7) |  |  | (29.5) |
Loss on disposition | (101.1) |  |  | — |  |  | — |
Reclass of unrealized foreign currency translation losses upon disposition of discontinued operations | (44.5) |  |  | — |  |  | — |
Other non-operating (loss) income | (4.7) |  |  | 2.6 |  |  | 4.6 |
Loss from discontinued operations, before income taxes | (432.1) |  |  | (327.1) |  |  | (24.9) |
(Benefit) provision for income taxes | (72.9) |  |  | (6.0) |  |  | 1.3 |
Loss from discontinued operations, net of income taxes | $ | (359.2) |  |  | $ | (321.1) |  |  | $ | (26.2) |
Assets and liabilities of the discontinued operations of the non-healthcare business classified as held-for-sale remaining in the consolidated balance sheets as of January 3, 2026 and December 28, 2024 consist of the following:
(in millions) | January 3, 2026 |  | December 28 2024
Cash and cash equivalents | $ | 1.0 |  |  | $ | 54.0 |
Trade receivable, net of credit allowances | — |  |  | 143.3 |
Inventories, net | — |  |  | 164.4 |
Other current assets | — |  |  | 41.7 |
Total current assets, held-for-sale | 1.0 |  |  | 403.4 |
Property and equipment, net | — |  |  | 44.6 |
Intangible assets, net | — |  |  | 496.6 |
Deferred tax assets | — |  |  | 25.2 |
Other non-current assets | 0.1 |  |  | 48.8 |
Total non-current assets, held-for-sale | 0.1 |  |  | 615.2 |
Total assets held-for-sale - discontinued operations | $ | 1.1 |  |  | $ | 1,018.6 |
Accounts payable | $ | 0.5 |  |  | $ | 123.8 |
Accrued compensation | 0.9 |  |  | 4.9 |
Deferred revenue and other contract liabilities, current | — |  |  | 18.6 |
Other current liabilities | 1.1 |  |  | 70.4 |
Total current liabilities, held-for-sale | 2.5 |  |  | 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 | $ | 2.6 |  |  | $ | 388.4 |

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