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Investments | 9 Months Ended
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Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
INVESTMENTS | InvestmentsThe Company’s investments, primarily held by our subsidiaries in Brazil, consist of certificates of deposit that are recorded at fair value based upon quoted market prices. Changes in fair value are recognized in interest income, determined using the specific identification method, and were minimal. There were no sales of securities or proceeds from the sale of securities prior to the maturity date during the Successor or Predecessor Periods. The Predecessor had deferred compensation plans that enable certain employees to defer receipt of a portion of their cash, 401(k) or share-based compensation and enable non-employee directors to defer receipt of director fees at the participants’ discretion. The Successor has deferred compensation plans that provide directors and certain employees the opportunity to defer receipt of all or a portion of their cash or share-based compensation. For deferred cash-based compensation, the Company established rabbi trusts (refer to Note 18), which are recorded at fair value of the underlying securities and presented within securities and other investments. The related deferred compensation liability is recorded at fair value and presented within other long-term liabilities. Realized and unrealized gains and losses on marketable securities in the rabbi trusts are recognized in interest income. The Company’s investments subject to fair value measurement consist of the following:
|  | Cost Basis |  | Unrealized Gain |  | Fair Value
As of September 30, 2023 (Successor) |  |  |  |  |  |
Short-term investments |  |  |  |  |  |
Certificates of deposit |  | $ | 16.6 |  |  | $ | — |  |  | $ | 16.6 |
Long-term investments |  |  |  |  |  |
Assets held in a rabbi trust |  | $ | 2.4 |  |  | $ | 0.4 |  |  | $ | 2.8 |
As of December 31, 2022 (Predecessor) |  |  |  |  |  |
Short-term investments |  |  |  |  |  |
Certificates of deposit |  | $ | 24.6 |  |  | $ | — |  |  | $ | 24.6 |
Long-term investments |  |  |  |  |  |
Assets held in a rabbi trust |  | $ | 4.3 |  |  | $ | 0.1 |  |  | $ | 4.4 |
Securities and other investments also includes cash surrender value of insurance contracts of $3.0 and $3.2 as of September 30, 2023 (Successor) and December 31, 2022 (Predecessor), respectively. The Company has certain non-consolidated joint ventures that are not significant subsidiaries and are accounted for under the equity method of accounting. The Company owns 48.1 percent of Inspur Financial Information System Co., Ltd. (Inspur JV) and 49.0 percent of Aisino-Wincor Retail & Banking Systems (Shanghai) Co., Ltd. (Aisino JV). The Company engages in transactions in the ordinary course of business with these joint ventures. As of September 30, 2023, the Successor had accounts receivable and accounts payable balances with these joint ventures of $13.0 and $32.6, respectively. As of December 31, 2022, the Predecessor had accounts receivable and accounts payable balances with these joint ventures of $18.9 and $25.7, respectively. These joint venture related balances are included in trade receivables, less allowances for doubtful accounts and accounts payable on the condensed consolidated balance sheets.

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