v3.25.4
Fresh Start Accounting - Reorganization of Balance Sheet (Details) - USD ($)
shares in Thousands, $ in Millions
Sep. 29, 2025
Dec. 28, 2025
Sep. 30, 2025
Sep. 28, 2025
Jun. 29, 2025
Dec. 29, 2024
Sep. 29, 2024
Jun. 30, 2024
Current assets:                
Cash and cash equivalents (includes restricted cash) $ 481.0 $ 1,028.8     $ 467.2 $ 614.0   $ 1,045.9
Short-term investments 354.4 263.5     488.2      
Total cash, cash equivalents and short-term investments 835.4 1,292.3     955.4      
Accounts receivable, net 155.6 108.3     178.8      
Inventories, net 392.3 320.1     435.4      
Prepaid expenses 71.8 52.3     97.2      
Investment tax credit receivable 654.0 72.5     653.4      
Other current assets 119.9 87.1     222.0      
Total current assets 2,229.0 1,932.6     2,542.2      
Property and equipment, net 769.2 770.3     3,916.5      
Intangible assets, net 445.7 426.8     23.8      
Long-term investment tax credit receivable 181.3 109.5     105.0      
Other assets 212.9 205.9     266.9      
Total assets 3,838.1 3,445.1     6,854.4      
Current liabilities:                
Accounts payable and accrued expenses 206.8 160.4     280.2      
Contract liabilities and distributor-related reserves 72.9 76.6     50.0      
Income taxes payable 0.9 0.8     0.8      
Finance lease liabilities 0.6 0.5     0.5      
Other current liabilities 59.8 58.8     220.5      
Total current liabilities 341.0 297.1     7,090.0      
Long-term liabilities:                
Long-term debt 1,609.0 1,430.2     0.0      
Convertible notes, net 539.7 533.5     0.0      
Finance lease liabilities - long-term 1.9 1.8     8.4      
Long-term warrant 33.6 34.2     0.0      
Forward equity contract 371.1 302.5     0.0      
Other long-term liabilities 184.7 218.4     203.1      
Liabilities subject to compromise 0.0              
Total liabilities 3,081.0 2,817.7     7,301.5      
Commitments and contingencies          
Stockholders’ equity:                
Common stock   0.0     0.2      
Additional paid-in-capital   777.6     4,094.1      
Accumulated other comprehensive income (loss) 0.0 0.4     (3.8)      
Accumulated deficit 0.0 (150.6)     (4,537.6)      
Total stockholders' equity 757.1 627.4 $ 757.1 $ (1,080.4) (447.1) $ 372.6 $ 628.9 $ 882.1
Total liabilities and stockholders’ equity 3,838.1 $ 3,445.1     $ 6,854.4      
Restricted cash 28.3              
Common stock issued (in shares)   27,365     155,643      
Reorganization, Sucessor                
Stockholders’ equity:                
Common stock 0.0              
Additional paid-in-capital 757.1              
Predecessor                
Current assets:                
Cash and cash equivalents (includes restricted cash) 571.6              
Short-term investments 354.4              
Total cash, cash equivalents and short-term investments 926.0              
Accounts receivable, net 155.6              
Inventories, net 385.5              
Prepaid expenses 75.5              
Investment tax credit receivable 654.0              
Other current assets 118.3              
Total current assets 2,314.9              
Property and equipment, net 3,775.8              
Intangible assets, net 24.2              
Long-term investment tax credit receivable 181.3              
Other assets 254.9              
Total assets 6,551.1              
Current liabilities:                
Accounts payable and accrued expenses 196.5              
Contract liabilities and distributor-related reserves 72.9              
Income taxes payable 0.9              
Finance lease liabilities 0.0              
Other current liabilities 29.3              
Total current liabilities 299.6              
Long-term liabilities:                
Long-term debt 0.0              
Convertible notes, net 0.0              
Finance lease liabilities - long-term 0.0              
Long-term warrant 0.0              
Forward equity contract 0.0              
Other long-term liabilities 16.6              
Liabilities subject to compromise 7,315.3              
Total liabilities 7,631.5              
Commitments and contingencies              
Stockholders’ equity:                
Common stock 0.2              
Additional paid-in-capital 4,103.6              
Accumulated other comprehensive income (loss) (3.0)              
Accumulated deficit (5,181.2)              
Total stockholders' equity (1,080.4)              
Total liabilities and stockholders’ equity 6,551.1              
Reorganization Adjustments                
Current assets:                
Cash and cash equivalents (includes restricted cash) (90.6)              
Short-term investments 0.0              
Total cash, cash equivalents and short-term investments (90.6)              
Accounts receivable, net 0.0              
Inventories, net 0.0              
Prepaid expenses (3.6)              
Investment tax credit receivable 0.0              
Other current assets 0.0              
Total current assets (94.2)              
Property and equipment, net 0.0              
Intangible assets, net 0.0              
Long-term investment tax credit receivable 0.0              
Other assets 0.0              
Total assets (94.2)              
Current liabilities:                
Accounts payable and accrued expenses 10.3              
Contract liabilities and distributor-related reserves 0.0              
Income taxes payable 0.0              
Finance lease liabilities 0.6              
Other current liabilities 26.1              
Total current liabilities 37.0              
Long-term liabilities:                
Long-term debt 1,609.0              
Convertible notes, net 539.7              
Finance lease liabilities - long-term 8.3              
Long-term warrant 33.6              
Forward equity contract 371.1              
Other long-term liabilities 201.5              
Liabilities subject to compromise (7,315.3)              
Total liabilities (4,515.1)              
Commitments and contingencies              
Stockholders’ equity:                
Common stock (0.2)              
Additional paid-in-capital (4,103.6)              
Accumulated other comprehensive income (loss) 0.0              
Accumulated deficit 7,767.6              
Total stockholders' equity 4,420.9              
Total liabilities and stockholders’ equity (94.2)              
Accrued success fees, current 16.8              
Payments for accrued lender professional fees $ 6.5              
Common stock issued (in shares) 25,800              
Reorganization Adjustments | Reorganization, Sucessor                
Stockholders’ equity:                
Common stock $ 0.0              
Additional paid-in-capital 757.1              
Fresh-Start Adjustments                
Current assets:                
Cash and cash equivalents (includes restricted cash) 0.0              
Short-term investments 0.0              
Total cash, cash equivalents and short-term investments 0.0              
Accounts receivable, net 0.0              
Inventories, net 6.8              
Prepaid expenses (0.1)              
Investment tax credit receivable 0.0              
Other current assets 1.6              
Total current assets 8.3              
Property and equipment, net (3,006.6)              
Intangible assets, net 421.5              
Long-term investment tax credit receivable 0.0              
Other assets (42.0)              
Total assets (2,618.8)              
Current liabilities:                
Accounts payable and accrued expenses 0.0              
Contract liabilities and distributor-related reserves 0.0              
Income taxes payable 0.0              
Finance lease liabilities 0.0              
Other current liabilities 4.4              
Total current liabilities 4.4              
Long-term liabilities:                
Long-term debt 0.0              
Convertible notes, net 0.0              
Finance lease liabilities - long-term (6.4)              
Long-term warrant 0.0              
Forward equity contract 0.0              
Other long-term liabilities (33.4)              
Liabilities subject to compromise 0.0              
Total liabilities (35.4)              
Commitments and contingencies              
Stockholders’ equity:                
Common stock 0.0              
Additional paid-in-capital 0.0              
Accumulated other comprehensive income (loss) 3.0              
Accumulated deficit (2,586.4)              
Total stockholders' equity (2,583.4)              
Total liabilities and stockholders’ equity (2,618.8)              
Fresh-Start Adjustments | Reorganization, Sucessor                
Stockholders’ equity:                
Common stock 0.0              
Additional paid-in-capital $ 0.0