A summary of the charges recognized in the consolidated statements of operations through the third quarter of fiscal 2026 and fiscal 2025, respectively, resulting from these restructuring activities is shown below: | | | | | | | | | | | | | | | | Successor | | Predecessor | | | | (in millions of U.S. Dollars) | Three months ended March 29, 2026 | | Three months ended March 30, 2025 | | | | | Accelerated depreciation | $— | | | $4.5 | | | | | | | Inventory write-down/scrap | — | | | — | | | | | | Other closure-related costs | 6.2 | | | 12.3 | | | | | | | Total cost of revenue, net | $6.2 | | | $16.8 | | | | | | | | | | | | | | | Impairments on abandoned assets | $1.7 | | | $30.7 | | | | | | Severance(1) | (0.2) | | | 7.0 | | | | | | Accelerated depreciation (2) | — | | | (2.0) | | | | | | | Contract termination costs | — | | | — | | | | | | Other closure-related costs | 0.7 | | | 5.0 | | | | | | Other operating expense(3) | $2.2 | | | $40.7 | | | | | | Total | $8.4 | | | $57.5 | | | | | |
| | | | | | | | | | | | | | Successor | Predecessor | | (in millions of U.S. Dollars) | Period from September 30, 2025 to March 29, 2026 | Period from June 30, 2025 to September 29, 2025 | Nine months ended March 30, 2025 | Accelerated depreciation | $— | | $5.6 | | $27.9 | | | Inventory write-down/scrap | 9.1 | | 2.5 | | — | | Other closure-related costs | 12.1 | | 10.0 | | 54.6 | | | Total cost of revenue, net | $21.2 | | $18.1 | | $82.5 | | | | | | | Impairments on abandoned assets | $1.8 | | $0.1 | | $155.2 | | Severance(1) | 0.4 | | 0.1 | | 58.5 | | Accelerated depreciation (2) | — | | — | | 10.8 | | | Contract termination costs | — | | 2.3 | | — | | Other closure-related costs | 1.6 | | 1.2 | | 25.7 | | Other operating expense(3) | $3.8 | | $3.7 | | $250.2 | | Total | $25.0 | | $21.8 | | $332.7 | |
(1)Employee severance and benefit costs include the early exit program activity (2) Includes net impact of change in salvage value and estimated useful life related to 150mm fab tooling and equipment (3) Within restructuring and other expenses on the consolidated statements of operations. A summary of the balance sheet activity related to these restructuring activities recognized in accounts payable and accrued expenses in the unaudited consolidated balance sheet as of March 29, 2026 follows: | | | | | | | | | | | | | | | | | | | Predecessor | | | | Successor | | (in millions of U.S. Dollars) | As of June 29, 2025 | | Charges | Usage | March 29, 2026 | Employee severance and benefit costs(1) | $25.2 | | | $0.5 | | ($23.3) | | $2.4 | | Contract termination liability | 5.5 | | | 2.3 | | (3.3) | | 4.5 | | Total | $30.7 | | | $2.8 | | ($26.6) | | $6.9 | | | | | | | | | | | | | |
(1)Employee severance and benefit costs includes the early exit program activity A summary of the charges recognized in the consolidated statements of operations through the third quarter of fiscal 2026 resulting from these restructuring activities is shown below: | | | | | | | | | | | | | | | | | Successor | | | | | (in millions of U.S. Dollars) | Three months ended March 29, 2026 | Period from September 30, 2025 to March 29, 2026 | | | | | | | | Severance | (0.5) | | 7.5 | | | | | | | | Other operating expenses(1) | ($0.5) | | $7.5 | | | | | | | |
(1) Within restructuring and other expenses on the consolidated statements of operations. A summary of the balance sheet activity related to these restructuring activities recognized in accounts payable and accrued expenses in the unaudited consolidated balance sheet as of March 29, 2026 follows: | | | | | | | | | | | | | | | | | | | Predecessor | | | | Successor | | (in millions of U.S. Dollars) | As of June 29, 2025 | | Charges | Usage | March 29, 2026 | | Employee severance and benefit costs | $— | | | $7.5 | | ($5.9) | | $1.6 | | Total | $— | | | $7.5 | | ($5.9) | | $1.6 | | | | | | | | | | | | | |
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