Other Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Other Assets

Other current assets are summarized as follows:

	December 31, 2023		December 31, 2022
Prepaid expenses	$	34.8	$	27.5
Income tax receivable	5.3		3.9
Other assets- short term	12.4		6.9
Total other current assets	$	52.5	$	38.3

Other assets are summarized as follows:

	December 31, 2023		December 31, 2022
Deferred financing
Deferred financing costs	$	0.9	$	0.9
Less: Accumulated amortization-deferred financing costs	(0.9)		(0.8)
Deferred financing costs, net	$	—	$	0.1
Other
Supply agreements (1)	$	3.5	$	6.4
Equity in net assets of affiliates	0.8		1.1
Restricted cash - collateral requirements	22.3		19.6
Rotables	44.0		39.0
Other	29.3		25.6
Total	$	99.9	$	91.8

(1) Certain payments accounted for as consideration paid by the Company to a customer are being amortized as reductions to net revenues.

Goodwill Disclosure

Goodwill is summarized as follows:

			Changes in Goodwill Balance
	Balance at									Balance at
Segment	December 31, 2022		Acquisitions		Adjustments/Other			Currency Exchange		December 31, 2023
Commercial	$	296.5	$	—	$	—		$	0.1	$	296.6
Defense & Space	$	12.6	$	—	$	0.6	(1)	$	—	$	13.2
Aftermarket	$	321.4	$	—	$	—		$	—	$	321.4
	$	630.5	$	—	$	0.6		$	0.1	$	631.2

(1) As a result of certain purchase price allocation adjustments recorded during the purchase price accounting measurement period based on additional information obtained, the goodwill resulting from the T.E.A.M., Inc. acquisition was adjusted by $0.6, from $7.1 that was reported at December 31, 2022, to $7.7 as of December 31, 2023. See also Note 28, Acquisitions.

The total goodwill value includes no accumulated impairment loss in any of the periods presented.