Shareholders Equity (Notes)

6 Months Ended

Jun. 30, 2022

Shareholders' Equity and Share-based Payments [Text Block]

Shareholders' Equity

Activity in our various shareholders' equity accounts for the three and six months ended June 30, 2022 (Successor), the two months ended June 30, 2021 (Successor), and the one month and four months ended April 30, 2021 (Predecessor) were as follows (in millions):


	Shares	Par Value		Additional Paid-in Capital		Warrants		Retained Earnings (Deficit)		AOCI		Treasury Shares		Non-controlling Interest
BALANCE, December 31, 2021 (Successor)	75.0	$	0.8	$	1,083.0	$	16.4	$	(33.0)	$	(9.1)	$	—	$	2.7
Net loss	—	—		—		—		(38.6)		—		—		(1.2)

Share-based compensation cost	—	—		3.4		—		—		—		—		—
Net other comprehensive loss	—	—		—		—		—		(0.3)		—		—
BALANCE, March 31, 2022 (Successor)	75.0	$	0.8	$	1,086.4	$	16.4	$	(71.6)	$	(9.4)	$	—	$	1.5
Net income	—	—		—		—		111.6		—		—		1.2
Net reclassification adjustment for amounts recognized in net income as a component of net periodic benefit	—	—		—		—		—		(0.1)		—		—
Share-based compensation cost	—	—		3.5		—		—		—		—		—
Shares withheld for taxes on vesting of share-based awards	—	—		—		—		—		—		(0.2)		—
Net other comprehensive income	—	—		—		—		—		0.3		—		—
BALANCE, June 30, 2022 (Successor)	75.0	$	0.8	$	1,089.9	$	16.4	$	40.0	$	(9.2)	$	(0.2)	$	2.7


	Shares	Par Value		Additional Paid-in Capital		Warrants		Retained Earnings (Deficit)		AOCI		Treasury Shares		Non-controlling Interest
BALANCE, December 31, 2020 (Predecessor)	206.1	$	82.6	$	8,639.9	$	—	$	(4,183.8)	$	(87.9)	$	(76.2)	$	(4.3)
Net loss	—	—		—		—		(910.0)		—		—		2.4
Shares issued under share-based compensation plans, net	—	—		(0.2)		—		—		—		0.2		—

Net reclassification adjustment for amounts recognized in net loss as a component of net periodic benefit	—	—		—		—		—		0.1		—		—
Share-based compensation cost	—	—		3.8		—		—		—		—		—
Net other comprehensive loss	—	—		—		—		—		(5.4)		—		—
BALANCE, March 31, 2021 (Predecessor)	206.1	$	82.6	$	8,643.5	$	—	$	(5,093.8)	$	(93.2)	$	(76.0)	$	(1.9)
Net loss	—	—		—		—		(3,557.0)		—		—		0.8
Shares issued under share-based compensation plans, net	—	—		(0.5)		—		—		—		0.5		—

Share-based compensation cost	—	—		1.0		—		—		—		—		—
Net other comprehensive loss	—	—		—		—		—		(0.2)		—		—

Cancellation of Predecessor equity	(206.1)	(82.6)		(8,644.0)		—		8,650.8		93.4		75.5		—
Issuance of Successor Common Shares and Warrants	75.0	0.8		1,078.7		16.4		—		—		—		—
BALANCE, April 30, 2021 (Predecessor)	75.0	$	0.8	$	1,078.7	$	16.4	$	—	$	—	$	—	$	(1.1)


BALANCE, May 1, 2021 (Successor)	75.0	$	0.8	$	1,078.7	$	16.4	$	—	$	—	$	—	$	(1.1)
Net loss	—	—		—		—		(6.2)		—		—		2.1
Net other comprehensive loss	—	—		—		—		—		(0.2)		—		—
BALANCE, June 30, 2021 (Successor)	75.0	$	0.8	$	1,078.7	$	16.4	$	(6.2)	$	(0.2)	$	—	$	1.0