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Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table summarizes the changes in the Company’s accumulated other comprehensive income (loss) (AOCI), net of tax, by component for 2023:
|  | Translation |  | Foreign Currency Hedges |  | Interest Rate Hedges |  | Pension and Other Post-retirement Benefits |  |  |  | Other |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2023 (Predecessor) |  | $ | (352.1) |  |  | $ | (1.9) |  |  | $ | 5.3 |  |  | $ | (12.6) |  |  |  |  | $ | 1.3 |  |  | $ | (360.0) |
Other comprehensive income (loss) before reclassifications (1) |  | 4.7 |  |  | — |  |  | 0.3 |  |  | — |  |  |  |  | — |  |  | 5.0 |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | — |  |  | 1.3 |  |  |  |  | — |  |  | 1.3 |
Net current-period other comprehensive income (loss) |  | 4.7 |  |  | — |  |  | 0.3 |  |  | 1.3 |  |  |  |  | — |  |  | 6.3 |
Balance at March 31, 2023 (Predecessor) |  | $ | (347.4) |  |  | $ | (1.9) |  |  | $ | 5.6 |  |  | $ | (11.3) |  |  |  |  | $ | 1.3 |  |  | $ | (353.7) |
Other comprehensive income (loss) before reclassifications (2) |  | 25.2 |  |  | — |  |  | 0.2 |  |  | — |  |  |  |  | — |  |  | 25.4 |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | — |  |  | 0.8 |  |  |  |  | — |  |  | 0.8 |
Net current-period other comprehensive income (loss) |  | 25.2 |  |  | — |  |  | 0.2 |  |  | 0.8 |  |  |  |  | — |  |  | 26.2 |
Balance at June 30, 2023 (Predecessor) |  | $ | (322.2) |  |  | $ | (1.9) |  |  | $ | 5.8 |  |  | $ | (10.5) |  |  |  |  | $ | 1.3 |  |  | $ | (327.5) |
Other comprehensive income (loss) before reclassifications (3) |  | (1.2) |  |  | 4.7 |  |  | 2.9 |  |  | — |  |  |  |  | — |  |  | 6.4 |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | — |  |  | 1.1 |  |  |  |  | — |  |  | 1.1 |
Fresh Start adjustments |  | 323.4 |  |  | (2.8) |  |  | (8.7) |  |  | 9.4 |  |  |  |  | (1.3) |  |  | 320.0 |
Net current-period other comprehensive income (loss) |  | 322.2 |  |  | 1.9 |  |  | (5.8) |  |  | 10.5 |  |  |  |  | (1.3) |  |  | 327.5 |
Balance at August 12, 2023 (Successor) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |
Other comprehensive income (loss) before reclassifications (4) |  | (35.8) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | (35.8) |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Net current-period other comprehensive income (loss) |  | (35.8) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | (35.8) |
Balance at September 30, 2023 (Successor) |  | $ | (35.8) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | (35.8) |
(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(2.2) of translation attributable to noncontrolling interests. (2) Other comprehensive income (loss) before reclassifications within the translation component excludes $6.6 of translation attributable to noncontrolling interests. (3) Other comprehensive income (loss) before reclassifications within the translation component excludes $3.3 of translation attributable to noncontrolling interests. (4) Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.2) of translation attributable to noncontrolling interests. The following table summarizes the changes in the Company’s AOCI, net of tax, by component for 2022:
|  | Translation |  | Foreign Currency Hedges |  | Interest Rate Hedges |  | Pension and Other Post-retirement Benefits |  |  |  | Other |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2022 (Predecessor) |  | $ | (310.9) |  |  | $ | (1.9) |  |  | $ | 0.4 |  |  | $ | (64.6) |  |  |  |  | $ | (1.5) |  |  | $ | (378.5) |
Other comprehensive income (loss) before reclassifications (1) |  | 10.4 |  |  | (1.0) |  |  | 2.9 |  |  | — |  |  |  |  | 0.7 |  |  | 13.0 |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | (0.6) |  |  | 0.7 |  |  |  |  | — |  |  | 0.1 |
Net current-period other comprehensive income (loss) |  | 10.4 |  |  | (1.0) |  |  | 2.3 |  |  | 0.7 |  |  |  |  | 0.7 |  |  | 13.1 |
Balance at March 31, 2022 (Predecessor) |  | $ | (300.5) |  |  | $ | (2.9) |  |  | $ | 2.7 |  |  | $ | (63.9) |  |  |  |  | $ | (0.8) |  |  | $ | (365.4) |
Other comprehensive income (loss) before reclassifications (2) |  | (49.6) |  |  | 0.9 |  |  | 1.8 |  |  | — |  |  |  |  | — |  |  | (46.9) |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  |  |  | — |  |  | 0.1 |
Net current-period other comprehensive income (loss) |  | (49.6) |  |  | 0.9 |  |  | 1.8 |  |  | 0.1 |  |  |  |  | — |  |  | (46.8) |
Balance at June 30, 2022 (Predecessor) |  | $ | (350.1) |  |  | $ | (2.0) |  |  | $ | 4.5 |  |  | $ | (63.8) |  |  |  |  | $ | (0.8) |  |  | $ | (412.2) |
Other comprehensive income (loss) before reclassifications (3) |  | (38.1) |  |  | 0.1 |  |  | 0.5 |  |  | — |  |  |  |  | — |  |  | (37.5) |
Amounts reclassified from AOCI |  | — |  |  | — |  |  | — |  |  | 12.9 |  |  |  |  | — |  |  | 12.9 |
Net current-period other comprehensive income (loss) |  | (38.1) |  |  | 0.1 |  |  | 0.5 |  |  | 12.9 |  |  |  |  | — |  |  | (24.6) |
Balance at September 30, 2022 (Predecessor) |  | $ | (388.2) |  |  | $ | (1.9) |  |  | $ | 5.0 |  |  | $ | (50.9) |  |  |  |  | $ | (0.8) |  |  | $ | (436.8) |
(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.8) of translation attributable to noncontrolling interests.: (2) Other comprehensive income (loss) before reclassifications within the translation component excludes $(2.3) of translation attributable to noncontrolling interests.: (3) Other comprehensive income (loss) before reclassifications within the translation component excludes $(1.9) of translation attributable to noncontrolling interests.: The following table summarizes the details about the amounts reclassified from AOCI:
Reclassification out of Accumulated Other Comprehensive Income |
|  | Successor |  |  | Predecessor |  | Affected Line Item on the Statement of Operations |
|  | Period from |  |  | Period from |  | Three months ended |  |
|  | 08/12/2023 through 09/30/2023 |  |  | 07/01/2023 through 08/11/2023 |  | September 30, 2022 |  |
Pension and post-retirement benefits: |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) amortized (net of tax of $(3.1), and $(0.6) in the Predecessor Periods, respectively) |  | $ | — |  |  |  | $ | 1.1 |  |  | $ | (1.4) |  |  | Miscellaneous, net |
Net actuarial losses recognized due to settlement (net of tax of $0.0 and $0.0 in the Predecessor Periods, respectively) |  | — |  |  |  | — |  |  | 14.3 |  |  | Miscellaneous, net |
Total reclassifications for the period |  | $ | — |  |  |  | $ | 1.1 |  |  | $ | 12.9 |  |  |  |
|  | Successor |  |  | Predecessor |  | Affected Line Item on the Statement of Operations |
|  | Period from |  |  | Period from |  | Nine months ended |  |
|  | 08/12/2023 through 09/30/2023 |  |  | 01/01/2023 through 08/11/2023 |  | September 30, 2022 |  |
Interest rate hedge loss |  | $ | — |  |  |  | $ | — |  |  | $ | (0.6) |  |  | Interest expense |
Pension and post-retirement benefits: |  |  |  |  |  |  |  |  |  |
Net actuarial gain (loss) amortized (net of tax of $(3.8), and $(1.0) in the Predecessor Periods, respectively) |  | — |  |  |  | 3.2 |  |  | (0.6) |  |  | Miscellaneous, net |
Net actuarial losses recognized due to settlement (net of tax of $0.0 and $0.0 in the Predecessor Periods, respectively) |  | — |  |  |  | — |  |  | 14.3 |  |  | Miscellaneous, net |
Total reclassifications for the period |  | $ | — |  |  |  | $ | 3.2 |  |  | $ | 13.1 |  |  |  |

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