v3.25.4

Intangible Assets (Tables)

6 Months Ended

Dec. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Intangible Assets

The following table presents the components of intangible assets, net:

			Successor																		Predecessor
			December 28, 2025																		June 29, 2025
(in millions of U.S. Dollars)			Gross						Accumulated Amortization						Net						Gross						Accumulated Amortization						Net
Intangible assets:
Customer relationships			$120.0						($3.3)						$116.7						$—						$—						$—
Developed technology			240.0						(10.4)						229.6						—						—						—
Trade names			28.0						(0.6)						27.4						—						—						—
Fresh start accounting-related intangible assets			$388.0						($14.3)						$373.7						$—						$—						$—
Patent and licensing rights			58.3						(5.2)						53.1						50.5						(26.7)						23.8
Total intangible assets			$446.3						($19.5)						$426.8						$50.5						($26.7)						$23.8

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for intangible assets with finite lives for each of the next five years and thereafter is as follows:

															At Quarter End
Fiscal Year Ending			Customer Relationships			Developed Technology			Trade Names			Patents			December 28, 2025
June 28, 2026 (remainder fiscal 2026)			6.7			20.8			1.5			8.4			37.4
June 27, 2027			13.3			41.7			2.9			10.4			68.3
June 25, 2028			13.3			41.7			2.8			7.2			65.0
June 24, 2029			13.3			41.7			2.8			5.7			63.5
June 23, 2030			13.3			41.7			2.8			4.2			62.0
Thereafter			56.8			42.0			14.6			17.2			130.6
Total future amortization expense			116.7			229.6			27.4			53.1			426.8

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- References

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
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-Topic 350
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-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

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