ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in the Company’s AOCI, net of tax, by component:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-Retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2021 (Predecessor)	$	(310.9)	$	(1.9)	$	0.4	$	(64.6)	$	(1.5)	$	(378.5)
Other comprehensive income (loss) before reclassifications (1)	(41.2)		—		5.5		0.9		2.8		(32.0)
Amounts reclassified from AOCI	—		—		(0.6)		51.1		—		50.5
Net current period other comprehensive income (loss)	(41.2)		—		4.9		52.0		2.8		18.5
Balance at December 31, 2022 (Predecessor)	$	(352.1)	$	(1.9)	$	5.3	$	(12.6)	$	1.3	$	(360.0)
Other comprehensive income (loss) before reclassifications (2)	28.7		4.7		3.4		0.1		—		36.9
Amounts reclassified from AOCI	—		—		—		3.1		—		3.1
Fresh Start Accounting Adjustments	323.4		(2.8)		(8.7)		9.4		(1.3)		320.0
Net current period other comprehensive income (loss)	352.1		1.9		(5.3)		12.6		(1.3)		360.0
Balance at August 12, 2023 (Successor)	$	—	$	—	$	—	$	—	$	—	$	—
Other comprehensive income (loss) before reclassifications (3)	14.2		(0.1)		—		(0.1)		(0.4)		13.6
Amounts reclassified from AOCI	—		—		—		(6.0)		—		(6.0)
Net current period other comprehensive income (loss)	14.2		(0.1)		—		(6.1)		(0.4)		7.6
Balance at December 31, 2023 (Successor)	$	14.2	$	(0.1)	$	—	$	(6.1)	$	(0.4)	$	7.6

(1)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(5.9) of translation attributable to noncontrolling interests.

(2)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(9.7) of translation attributable to noncontrolling interests.

(3)    Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.2) of translation attributable to noncontrolling interests.

The following table summarizes the details about amounts reclassified from AOCI:

	Successor		Predecessor
	Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023		Year ended December 31, 2022
	Amount Reclassified from AOCI		Amount Reclassified from AOCI		Amount Reclassified from AOCI		Affected Line Item in the Statement of Operations
Interest rate hedges (net of tax of $0.1 in the Predecessor Period)	$	—	$	—	$	(0.6)	Interest expense
Pension and post-retirement benefits:
Net prior service benefit (cost) amortization (net of tax of $(0.2) in the Successor Period and $0.2 and $0.0, in the Predecessor Periods, respectively)	0.4		(0.2)		2.4		(1)
Net actuarial (losses) gains recognized during the year (net of tax of $2.6 in the Successor Period and $(4.9) and $0.0 in the Predecessor Periods, respectively)	(6.5)		4.2		38.5		(1)
Net actuarial gains (losses) recognized due to settlement (net of tax of $0.0 in the Successor Period $1.1 and $0.0 in the Predecessor Periods, respectively)	0.1		(0.9)		10.2		(1)
	(6.0)		3.1		51.1
Total reclassifications for the period	$	(6.0)	$	3.1	$	50.5

(1)    Pension and other post-retirement benefits AOCI components are included in the computation of net periodic benefit cost (refer to Note 17 of the consolidated financial statements).