Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt including Capital Lease Obligation

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

	Successor
	June 30, 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:
Receivables financing facility due June 2026	$	—	$	—	$	1.2	$	—	$	—	$	—
2017 Replacement Term loan due September 2027	1,356.7		1,220.8		—		34.8		34.8		—
2018 Replacement Term loan due September 2027	360.1		326.3		—		9.3		9.3		—
11.50% first lien senior secured notes due December 2028	650.0		650.0		19.0		—		—		—
10.00% second lien senior secured notes due June 2029	328.3		184.1		—		—		—		—
Total current debt	2,695.1		2,381.2		20.2		44.1		44.1		—
Long-term debt:
10.00% first lien senior secured notes due April 2025	495.0		480.0		—		495.0		475.9		—
10.00% second lien senior secured notes due April 2025	321.9		257.6		—		321.9		242.2		—
2017 Replacement Term loan due September 2027	—		—		—		1,339.3		1,187.3		—
2018 Replacement Term loan due September 2027	—		—		—		355.5		317.6		—
11.50% first lien senior secured notes due December 2028	—		—		—		650.0		650.0		20.8
10.00% second lien senior secured notes due June 2029	—		—		—		328.3		175.5		—
Total long-term debt	816.9		737.6		—		3,490.0		3,048.5		20.8
Total debt	$	3,512.0	$	3,118.8	$	20.2	$	3,534.1	$	3,092.6	$	20.8

Schedule of Applicable Interest Rate on Variable-rate Debt

As of June 30, 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)	10.15		1,356.7
2018 Replacement Term Loan due September 2027 (1)	10.40		360.1

(1)Includes the impact of the interest rate cap agreement, which is discussed further in Note 12.