v3.26.1
Intangible Assets
9 Months Ended
Mar. 29, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The following table presents the components of intangible assets, net:
SuccessorPredecessor
March 29, 2026June 29, 2025
(in millions of U.S. Dollars)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets:
Customer relationships$120.0 ($6.6)$113.4 $— $— $— 
Developed technology240.0 (20.8)219.2 — — — 
Trade names28.0 (1.3)26.7 — — — 
Fresh start accounting-related intangible assets$388.0 ($28.7)$359.3 $— $— $— 
Patent and licensing rights60.0 (10.1)49.9 50.5 (26.7)23.8 
Total intangible assets$448.0 ($38.8)$409.2 $50.5 ($26.7)$23.8 

Customer relationships, developed technology, and trade names are amortized over their useful lives, which generally range from 5 to 11 years. Patents are amortized using the straight-line method over their estimated period of benefit, which generally range from 0.5 to 23 years. Total intangible assets amortization expenses was $19.3 million for the three months ended March 29, 2026 and $1.0 million, $0.0 million, and $38.8 million for the period from June 30, 2025 to September 29, 2025, the period of September 29, 2025, and for the period from September 30, 2025 to March 29, 2026, respectively, and $1.3 million and $4.0 million for the three and nine months ended March 30, 2025, respectively.
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 EndingCustomer RelationshipsDeveloped TechnologyTrade NamesPatentsMarch 29, 2026
June 28, 2026 (remainder fiscal 2026)3.3 10.4 0.7 3.8 18.2 
June 27, 202713.3 41.7 2.9 10.5 68.4 
June 25, 202813.3 41.7 2.9 7.3 65.2 
June 24, 202913.3 41.7 2.8 5.8 63.6 
June 23, 203013.3 41.7 2.8 4.3 62.1 
Thereafter56.9 42.0 14.6 18.2 131.7 
Total future amortization expense113.4 219.2 26.7 49.9 409.2