v3.25.4

Investments

6 Months Ended

Dec. 28, 2025

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

						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

All short-term investments are classified as available-for-sale. No allowance for credit losses was recorded as of June 29, 2025.

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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- References

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/940-320/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph b
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/942-320/tableOfContent

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