Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Debt Balances

Outstanding debt balances were as follows:

	Successor
	September 30, 2024		December 31, 2023
Notes payable – current
Other	$	0.8	$	0.3
	$	0.8	$	0.3
Long-term debt
Exit Facility	$	1,050.0	$	1,250.0
Revolving Facility	38.7		—
Other	15.4		3.6
	$	1,104.1	$	1,253.6
Long-term deferred financing fees	(4.5)		(1.2)
	$	1,099.6	$	1,252.4

Schedule of Cash Flows Related to Debt Borrowings and Repayments

The cash flows related to debt borrowings and repayments were as follows:

	Successor				Predecessor
	Nine months ended		Period from		Period from
	September 30, 2024		08/12/2023 through 09/30/2023		01/01/2023 through 08/11/2023
Revolving credit facility borrowings	$	200.0	$	—	$	—
Revolving credit facility repayments	$	(161.3)	$	—	$	—
Other debt borrowings
FILO	$	—	$	—	$	58.9
Proceeds from DIP Facility	—		—		1,250.0
International short-term uncommitted lines of credit borrowings	0.5		4.9		4.4
	$	0.5	$	4.9	$	1,313.3
Other debt repayments
Payments on Exit Financing	$	(200.0)	$	—	$	—
Payments on Term Loan B Facility - USD under the Credit Agreement	—		—		(1.3)
Payments on Term Loan B Facility - Euro under the Credit Agreement	—		—		(0.3)
Repayment of ABL, net	—		—		(188.3)
Repayment of FILO	—		—		(58.9)
Repayment of 2025 Superpriority Term Loans	—		—		(400.6)
International short-term uncommitted lines of credit and other repayments	(0.1)		(1.6)		(0.9)
	$	(200.1)	$	(1.6)	$	(650.3)

Schedule of Financing Facilities

Below is a summary of financing information:

Financing Facilities	Interest Rate Index and Margin	Maturity/Termination Dates	Initial Term (Years)
Exit Facility(i)	SOFR + 7.50%	August 2028	5.0
Revolving Credit Facility - Term Benchmark Advances(ii)	SOFR + 4.00%	February 2027	3.0

(i)SOFR with a floor of 4.0%

(ii)    SOFR with a floor of 1.5%