Restructuring (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following tables summarizes the impact of the Company’s restructuring and transformation charges on the consolidated statements of operations:

	Successor		Predecessor
	Three months ended		Three months ended
	March 31, 2024		March 31, 2023
Cost of sales – services	$	16.3	$	0.6
Cost of sales – products	0.7		0.3
Selling and administrative expense	16.7		13.0
Research, development and engineering expense	3.0		0.6
Loss on sale of assets, net	—		0.5
Total	$	36.7	$	15.0

Schedule of Restructuring accrual balances and related activity

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

	2024
Beginning balance as of January 1 (Successor)	$	10.3
Severance accrual	22.8
Payout/Settlement	(3.4)
Other	(0.1)
Ending balance as of March 31 (Successor)	$	29.6

	2023
Beginning balance as of January 1 (Predecessor)	$	44.2
Severance accrual	4.8
Payout/Settlement	(28.2)
Other	0.3
Ending balance as of March 31 (Predecessor)	$	21.1