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Product Warranties
 3 Months Ended
Mar. 31, 2024
Guarantees and Product Warranties [Abstract]  
Product Warranties Product Warranties
The Company provides its customers a standard manufacturer’s warranty and records, at the time of the sale, a corresponding estimated liability for potential warranty costs. Estimated future obligations due to warranty claims are based upon historical factors such as labor rates, average repair time, travel time, number of service calls per machine and cost of replacement parts.
Changes in the Company’s warranty liability balance are illustrated in the following table:
SuccessorPredecessor
20242023
Beginning balance as of January 1 $28.0 $28.3 
Current period accruals13.9 9.1 
Current period settlements(9.9)(10.2)
Currency translation adjustment(0.9)0.7 
Ending balance as of March 31 $31.1 $27.9