Debt

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Debt Disclosure

9. Debt

Debt was comprised of the following at the end of each period:

	Successor
	March 31, 2023						December 30, 2022
	Principal		Carrying Value		Unamortized Discount and Debt Issuance Costs		Principal		Carrying Value		Unamortized Discount and Debt Issuance Costs
Current maturities of long-term debt:
2017 Replacement Term loan due September 2027	$	34.8	$	34.8	$	—	$	34.8	$	34.8	$	—
2018 Replacement Term loan due September 2027	9.3		9.3		—		9.3		9.3		—
Total current debt	44.1		44.1		—		44.1		44.1		—
Long-term debt:
10.00% first lien senior secured notes due April 2025	495.0		478.0		—		495.0		475.9		—
10.00% second lien senior secured notes due April 2025	321.9		249.8		—		321.9		242.2		—
2017 Replacement Term loan due September 2027	1,330.6		1,186.6		—		1,339.3		1,187.3		—
2018 Replacement Term loan due September 2027	353.2		317.3		—		355.5		317.6		—
11.50% first lien senior secured notes due December 2028	650.0		650.0		19.9		650.0		650.0		20.8
10.00% second lien senior secured notes due June 2029	328.3		179.8		—		328.3		175.5		—
Total long-term debt	3,479.0		3,061.5		19.9		3,490.0		3,048.5		20.8
Total debt	$	3,523.1	$	3,105.6	$	19.9	$	3,534.1	$	3,092.6	$	20.8

Applicable interest rate

As of March 31, 2023 (Successor), the applicable interest rate and outstanding principal on the Company's debt instruments were as follows:

	Applicable Interest Rate		Outstanding Principal
Fixed-rate instruments	10.54	%	$	1,795.2
2017 Replacement Term Loan due September 2027 (1)	9.94		1,365.4
2018 Replacement Term Loan due September 2027 (1)	10.19		362.5

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