Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the Company’s accumulated other comprehensive income (loss) (AOCI), net of tax, by component for 2024:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2024 (Successor)	$	14.2	$	(0.1)	$	—	$	(6.1)	$	(0.4)	$	7.6
Other comprehensive income (loss) before reclassifications (1)	(43.0)		—		—		—		—		(43.0)
Amounts reclassified from AOCI	—		—		—		5.0		—		5.0
Net current-period other comprehensive income (loss)	(43.0)		—		—		5.0		—		(38.0)
Balance at March 31, 2024 (Successor)	$	(28.8)	$	(0.1)	$	—	$	(1.1)	$	(0.4)	$	(30.4)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes a nominal translation amount attributable to noncontrolling interests.

.

The following table summarizes the changes in the Company’s AOCI, net of tax, by component for 2023:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2023 (Predecessor)	$	(352.1)	$	(1.9)	$	5.3	$	(12.6)	$	1.3	$	(360.0)
Other comprehensive income (loss) before reclassifications (1)	4.7		—		0.3		—		—		5.0
Amounts reclassified from AOCI	—		—		—		1.3		—		1.3
Net current-period other comprehensive income (loss)	4.7		—		0.3		1.3		—		6.3
Balance at March 31, 2023 (Predecessor)	$	(347.4)	$	(1.9)	$	5.6	$	(11.3)	$	1.3	$	(353.7)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(2.2) of translation attributable to noncontrolling interests.:

The following table summarizes the details about the amounts reclassified from AOCI:

	Successor		Predecessor		Affected Line Item on the Statement of Operations
	Three months ended		Three months ended
	March 31, 2024		March 31, 2023
Pension and post-retirement benefits:
Net actuarial gain (loss) amortized (net of tax of $(2.1) in the Successor Period and $0.5 in the Predecessor Period, respectively)	$	5.0	$	1.3	Miscellaneous, net