RESTRUCTURING (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table summarizes the impact of the Company’s restructuring and transformation charges, excluding the aforementioned impairments, on the consolidated statements of operations for the years ended December 31:

	Successor		Predecessor
	Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023		Years ended December 31,
					2022		2021
Cost of sales - services	$	(1.4)	$	5.3	$	7.7	$	13.0
Cost of sales - products	(1.5)		0.8		13.1		2.4
Selling and administrative expense	25.4		29.4		94.4		13.1
Research, development and engineering expense	0.1		1.5		9.0		(0.3)
Loss on sale of assets, net	—		1.9		—		—
Total	$	22.6	$	38.9	$	124.2	$	28.2

Schedule of Restructuring Accrual Balances and Related Activity

The following table summarizes the Company’s restructuring severance accrual balance and related activity:

Balance at January 1, 2021 (Predecessor)	$	62.9
Liabilities incurred	15.4
Liabilities paid/settled	(43.0)
Balance at December 31, 2021 (Predecessor)	$	35.3
Liabilities incurred	62.5
Liabilities paid/settled	(53.6)
Balance at December 31, 2022 (Predecessor)	$	44.2
Liabilities incurred	6.8
Liabilities paid/settled	(37.0)
Other	0.4
Balance as of August 12, 2023 (Successor)	$	14.4
Liabilities incurred	5.3
Liabilities paid/settled	(9.4)
Balance at December 31, 2023 (Successor)	$	10.3