REDEEMABLE NONCONTROLLING INTERESTS

12 Months Ended

Dec. 31, 2023

Changes in redeemable noncontrolling interests were as follows:


	Predecessor
	2021
Balance at January 1	$	19.2



Termination of put option	(19.2)
Balance at December 31	$	—

The Predecessor company entered into an agreement whereby its ownership percentage in a certain consolidated but non-wholly owned subsidiary in Europe was reduced by means of capital contributions from noncontrolling shareholders totaling $12.7. Following entry into the agreement, the Predecessor company maintained a controlling interest in the subsidiary. Subsequently, the put option that could have required the Predecessor company to acquire the noncontrolling shares was irrevocably waived, reducing the redeemable noncontrolling interest to zero.