{"schema_version":"secwatch.filing_event.v1","accession":"0001110803-24-000037","form_type":"8-K/A","ticker":"ILMN","cik":"0001110803","company_name":"ILLUMINA, INC.","filed_at":"2024-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.325998+00:00","generated_at":"2026-06-01T00:56:19.454374+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Illumina completes GRAIL spin-off; expects $1.9B in Q2 impairment charges","bullets":["Spin-off closed June 24, 2024; Illumina distributed 85.5% of GRAIL shares (1-for-6 ratio) and retained 14.5% stake.","Illumina contributed $974M cash to GRAIL (funded by a $750M 364-day term loan at ~6.69%, maturing June 2025).","Pro forma financials reflect expected Q2 2024 goodwill impairment of $1,466M and IPR&D impairment of $420M.","Pro forma for spin-off, 2023 net income would have been $219M vs. historical loss of $1,161M; Q1 2024 pro forma net income $56M vs. historical loss $126M."],"urls":{"canonical":"https://secwatch.observer/filing/0001110803-24-000037","json":"https://secwatch.observer/filing/0001110803-24-000037.json","markdown":"https://secwatch.observer/filing/0001110803-24-000037.md","text":"https://secwatch.observer/filing/0001110803-24-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110803/000111080324000037/0001110803-24-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110803/000111080324000037/ilmn-20240627.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T00:56:19.454374+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}