PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

The following is a summary of property, plant and equipment, at cost less accumulated depreciation and amortization as of December 31:

		Successor		Predecessor
	Estimated Useful Life (years)	2023		2022
Land and land improvements	(1)	$	21.6	$	10.0
Buildings and building improvements	15-30	48.0		68.3
Machinery, tools and equipment	3-12	34.8		81.8
Leasehold improvements (2)	10	6.6		17.2
Computer equipment	3-5	17.1		101.1
Computer software	5-10	6.1		127.8
Furniture and fixtures	5-8	18.0		54.6
Tooling	5	11.7		134.7
Construction in progress		9.4		4.6
Total property plant and equipment, at cost		$	173.3	$	600.1
Less accumulated depreciation and amortization		14.3		479.4
Total property plant and equipment, net		$	159.0	$	120.7

(1)Estimated useful life for land and land improvements is perpetual and 15 years, respectively.

(2)The estimated useful life for leasehold improvements is the lesser of 10 years or the term of the lease.

Depreciation expense is computed on a straight-line basis over the estimated useful lives of the related assets. Depreciation expense was as follows:

	Successor		Predecessor
	Period from		Period from		Year ended
	08/12/2023 - 12/31/2023		01/01/2023 - 08/11/2023		2022
Depreciation expense	$	16.2	$	18.3	$	29.8