XML 21 R8.htm IDEA: XBRL DOCUMENT
v3.23.3

Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
--- | ---
Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE LOSS | 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:
|  | 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 |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration