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Divestitures
9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures Divestitures
Predecessor Divestitures

In the first and second quarters of 2022, the Predecessor received net proceeds of $5.8 and $4.7, respectively, from the German reverse vending business sale. The Predecessor signed a divestiture agreement for its German reverse vending business in the fourth quarter of 2021, however the transaction had not closed as it was pending the regulatory process as of December 31, 2021. An impairment loss was recorded in 2021 related to this transaction for $1.3.

In the third quarter of 2022, the Predecessor received $3.5 in cash proceeds related to the sale of IT assets with no book value.

In the fourth quarter of 2022, the Predecessor received $2.7 in cash proceeds and recognized $1.9 of gain related to the sale of a building in Belgium.

Successor Divestitures

During the Successor Period, the Company sold its non-core European retail business that had been classified as held for sale in the Successor Period.