REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Schedule of Disaggregation of Revenue

The following table represents the percentage of revenue recognized either at a point in time or over time as of December 31:

	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
Timing of revenue recognition
Products transferred at a point in time	47%	39%	39%
Products and services transferred over time	53%	61%	61%
Net sales	100%	100%	100%

Schedule of Receivables and Deferred Revenue from Contracts with Customers

The following table provides information about receivables and deferred revenue, which represent contract liabilities from contracts with customers:

Contract balance information	Trade Receivables		Contract liabilities
Balance at January 1, 2023 (Predecessor)	$	612.2	$	453.2
Balance at December 31, 2023 (Successor)	$	721.8	$	376.2

Contract balance information	Trade Receivables		Contract liabilities
Balance at January 1, 2022 (Predecessor)	$	595.2	$	322.4
Balance at December 31, 2022 (Predecessor)	$	612.2	$	453.2