v3.25.4

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions		3 Months Ended			6 Months Ended
	Sep. 29, 2025	Dec. 28, 2025	Sep. 29, 2025	Dec. 29, 2024	Dec. 29, 2024
Income Statement [Abstract]
Revenue, net	$ 0.0	$ 168.5	$ 196.8	$ 180.5	$ 375.2
Cost of revenue, net	0.0	246.8	273.9	217.7	448.6
Gross (loss) profit	0.0	(78.3)	(77.1)	(37.2)	(73.4)
Operating expenses:
Research and development	0.0	24.9	31.7	44.4	95.3
Sales, general and administrative	0.0	29.4	37.9	51.1	113.3
Factory start-up costs	0.0	0.0	0.0	22.8	42.5
Gain on disposal of property and equipment	0.0	(2.4)	(5.7)	(0.8)	(0.8)
Restructuring and other expenses	0.0	28.2	20.4	168.3	229.4
Total operating expense	0.0	80.1	84.3	285.8	479.7
Operating loss	0.0	(158.4)	(161.4)	(323.0)	(553.1)
Reorganization items, net	(1,067.3)	0.0	(563.4)	0.0	0.0
Interest expense, net	0.0	58.0	0.7	80.5	145.0
Non-operating income, net	0.0	(67.0)	(22.4)	(31.2)	(44.0)
(Loss) income before income taxes	1,067.3	(149.4)	423.7	(372.3)	(654.1)
Income tax expense (benefit)	3.5	1.2	3.5	(0.1)	0.3
Net (loss) income	$ 1,063.8	$ (150.6)	$ 420.2	$ (372.2)	$ (654.4)
Basic (loss) earnings per share
Net (loss) income - basic (USD per share)	$ 6.81	$ (5.78)	$ 2.69	$ (2.88)	$ (5.12)
Net (loss) income - diluted (USD per share)	$ 5.63	$ (5.78)	$ 2.22	$ (2.88)	$ (5.12)
Weighted average shares - basic (in shares)	156,185	26,057	156,185	129,018	127,876
Weighted average shares - diluted (in shares)	188,962	26,057	189,052	129,018	127,876

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

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