v3.25.4

Investments (Tables) | 6 Months Ended
--- | ---
Dec. 28, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Short-term Investments by Type |
|  | Successor
(in millions of U.S. Dollars) |  | December 28, 2025
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  |  |  | Estimated Fair Value
U.S. treasury securities |  | $87.5 |  |  | $0.2 |  |  | $— |  |  |  |  | $87.7 |
Corporate bonds |  | 120.8 |  |  | 0.2 |  |  | (0.6) |  |  |  |  | 120.4 |
Municipal bonds |  | 49.2 |  |  | 0.2 |  |  | (0.2) |  |  |  |  | 49.2 |
Commercial paper |  | 6.2 |  |  | — |  |  | — |  |  |  |  | 6.2 |
Total short-term investments |  | $263.7 |  |  | $0.6 |  |  | ($0.8) |  |  |  |  | $263.5 |
All short-term investments are classified as available-for-sale. No allowance for credit losses was recorded as of December 28, 2025.
|  | Predecessor
|  | June 29, 2025
(in millions of U.S. Dollars) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  |  |  | 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 |
Schedule of Contractual Maturities of Short-term Investments by Type | The contractual maturities of short-term investments as of December 28, 2025 were as follows:
|  | Successor
(in millions of U.S. Dollars) |  | Within One Year |  | After One, Within Five Years |  |  |  | After Ten Years |  | Total
U.S. treasury securities |  | $62.0 |  |  | $25.7 |  |  |  |  | $— |  |  | $87.7 |
Corporate bonds |  | 95.4 |  |  | 25.0 |  |  |  |  | — |  |  | 120.4 |
Municipal bonds |  | 45.5 |  |  | 3.7 |  |  |  |  | — |  |  | 49.2 |
Commercial paper |  | 6.2 |  |  | — |  |  |  |  | — |  |  | 6.2 |
Total short-term investments |  | $209.1 |  |  | $54.4 |  |  |  |  | $— |  |  | $263.5 |

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