DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Gain (Loss) Recognized on Non-Designated Derivative Instruments

The following table summarizes the gain (loss) recognized on derivative instruments:

		Successor		Predecessor
		Period from 08/12/2023 through 12/31/2023		Period from 01/01/2023 through 08/11/2023		Years ended December 31,
Derivative instrument	Classification on consolidated statement of operations					2022		2021
Interest rate swaps and non-designated hedges	Interest expense	$	—	$	(0.5)	$	(4.4)	$	(8.4)
Foreign exchange forward contracts and cash flow hedges	Net sales	—		—		(0.1)		—
Foreign exchange forward contracts and cash flow hedges	Cost of sales	—		—		(0.5)		0.1
Foreign exchange forward contracts and cash flow hedges	Foreign exchange gain (loss), net	(0.4)		—		—		(4.6)
Total		$	(0.4)	$	(0.5)	$	(5.0)	$	(12.9)