Other Income (Expense)

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Other Income (Expense)

(15) Other Income (Expense)

Other income (expense) primarily relates to re-measurement gains and losses associated with our foreign currencies and gains on our investment in common stock of Select Energy Services, Inc. (“Select”).

Foreign currency losses are as follows (in millions):

	Successor						Predecessor
	For the Year Ended December 31, 2023		For the Year Ended December 31, 2022		For the Period February 3, 2021 through December 31, 2021		For the Period January 1, 2021 through February 2, 2021
Loss on foreign currency	$	12.8	$	12.6	$	8.8	$	2.1

Losses on foreign currencies during the Prior Year include an expense of $2.7 million which represents a correction of an immaterial error relating to a period prior to our emergence from bankruptcy. Gains and losses on foreign currencies are primarily related to our operations in Brazil and Argentina.

During the Prior Year, we disposed of 4.1 million shares of Select for $34.7 million, and we recognized gains totaling $8.9 million in connection with these transactions. During the Successor Period, we disposed of 0.7 million shares of Select for $4.1 million, and we recognized gains totaling $0.4 million. As of December 31, 2022, all shares of Select have been disposed.