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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments in Consolidated Balance Sheet
Fair Values of Derivative Instruments in the Consolidated Balance Sheet
 
 Asset DerivativesLiability Derivatives
 June 30, 2020 December 31, 2019June 30, 2020 December 31, 2019
 Balance Sheet
Location
Fair ValueBalance Sheet
Location
Fair ValueBalance Sheet
Location
Fair ValueBalance Sheet
Location
Fair Value
Derivatives designated as hedging instruments
Interest rate contractsOther Current
Assets
$—  Other Current
Assets
$—  Other Accrued &
Current Liabilities
$2.6  Other Accrued &
Current Liabilities
$1.9  
Total Derivatives designated as hedging instruments$—  $—  $2.6  $1.9  
Derivatives not designated as hedging instruments
Make-whole derivative liabilityOther Current Assets$—  Other Current Assets$—  Make-whole derivative liability$205.2  Make-whole derivative liability$172.4  
Foreign exchange forward contractsOther Current
Assets
0.6  Other Current
Assets
1.6  Other Accrued &
Current Liabilities
2.3  Other Accrued &
Current Liabilities
2.6  
Total derivatives not designated as hedging instruments$0.6  $1.6  $207.5  $175.0  
Total Derivatives$0.6  $1.6  $210.1  $176.9  
Schedule of Effect of Derivative Instruments on Consolidated Statement of Operations and Comprehensive Income (Loss) The Effect of Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Loss)
Derivatives in Cash Flow Hedging RelationshipsAmount of Gain or (Loss) Recognized in OCI on DerivativeLocation of Gain or (Loss) Reclassified from Accumulated OCI Into IncomeAmount of Gain or (Loss) Reclassified from Accumulated OCI Into IncomeLocation of Gain or (Loss) Recognized in Income on DerivativeAmount of Gain or (Loss) Recognized in Income on Derivative
Three-Month Period
SuccessorSuccessorSuccessor
Three Months Ended June 30, 2020Three Months Ended June 30, 2019Three Months Ended June 30, 2020Three Months Ended June 30, 2019Three Months Ended June 30, 2020Three Months Ended June 30, 2019
Interest Contracts$0.7  $(1.5) Interest Expense$(0.8) $(0.1) Interest Expense$(0.8) $(0.1) 


Derivatives in Cash Flow Hedging
Relationships
Amount of Gain or (Loss) Recognized in OCI on Derivative Location of Gain or (Loss) Reclassified from Accumulated OCI Into Income Amount of Gain or (Loss) Reclassified from Accumulated OCI Into Income Location of Gain or (Loss) Recognized in Income on DerivativeAmount of Gain or (Loss) Recognized in Income on Derivative
Six-Month Period
 SuccessorPredecessor SuccessorPredecessor SuccessorPredecessor
 Six Months Ended June 30, 2020Period from January 1 to June 30, 2019Period from January 1 to February 7, 2019 Six Months Ended June 30, 2020Period from January 1 to June 30, 2019Period from January 1 to February 7, 2019 Six Months Ended June 30, 2020Period from January 1 to June 30, 2019Period from January 1 to February 7, 2019
Interest Contracts$(0.7) $(2.2) $—  Interest Expense$(1.3) $(0.1) $—  Interest Expense$(1.3) $(0.1) $—  


Derivatives Not Designated as Hedging
Instruments
Location of Gain or (Loss) Recognized in
Income on Derivatives
Amount of Gain (Loss) Recognized in Income on Derivatives
Three-Month PeriodSix-Month Period
  SuccessorPredecessor
  Three Months Ended June 30, 2020Three Months Ended June 30, 2019Six Months Ended June 30, 2020Period from January 1 to June 30, 2019Period from January 1 to February 7, 2019
Make-whole derivative liabilityNon-Operating Income (Expenses) – Net$(102.6) $—  $(32.8) $—  $—  
Foreign exchange forward contractsNon-Operating Income (Expenses) – Net$(0.7) $(6.1) $(0.7) $(4.6) $1.8  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes fair value measurements by level at June 30, 2020 for assets and liabilities measured at fair value on a recurring basis:
Quoted Prices in
Active Markets
for Identical
Assets (Level I)
Significant Other
Observable
Inputs (Level II)
Significant
Unobservable
Inputs
(Level III)
Balance at June 30, 2020
Assets:
Cash equivalents (1)$3.2  $—  $—  $3.2  
Other current assets:
Foreign exchange forwards (2)$—  $0.6  $—  $0.6  
Liabilities:
Other accrued and current liabilities:
Foreign exchange forwards (2)$—  $2.3  $—  $2.3  
Swap arrangements (3)$—  $2.6  $—  $2.6  
Make-whole derivative liability (4)$—  $—  $205.2  $205.2  
The following table summarizes fair value measurements by level at December 31, 2019 for assets and liabilities measured at fair value on a recurring basis:
Quoted Prices in
Active Markets
for Identical
Assets (Level I)
Significant Other
Observable
Inputs (Level II)
Significant
Unobservable
Inputs
(Level III)
Balance at December 31, 2019
Assets:
Cash equivalents (1)$4.1  $—  $—  $4.1  
Other current assets:
Foreign exchange forwards (2)$—  $1.6  $—  $1.6  
Liabilities:
Other accrued and current liabilities:
Foreign exchange forwards (2)$—  $2.6  $—  $2.6  
Swap arrangements (3)$—  $1.9  $—  $1.9  
Make-whole derivative liability (4)$—  $—  $172.4  $172.4  
(1)The carrying value of cash equivalents represents fair value as they consist of highly liquid investments with an initial term from the date of purchase by the Company to maturity of three months or less.
(2)Primarily represents foreign currency forward contracts. Fair value is determined based on observable market data and considers a factor for nonperformance in the valuation.
(3)Represents interest rate swap agreements. Fair value is determined based on observable market data.
(4)Represents estimated fair value related to the make-whole provision associated with the Series A Preferred Stock based on level III market data.
Schedule of Carrying Amount and Estimated Fair Value of Liabilities The estimated fair values of other financial instruments subject to fair value disclosures, determined based on valuation models using discounted cash flow methodologies with market data inputs from globally recognized data providers and third-party quotes from major financial institutions (categorized as Level II in the fair value hierarchy), are as follows: 
 Balance at
 June 30, 2020December 31, 2019
 Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Short-term and Long-term Debt (1)$1,419.5  $1,645.0  $1,469.1  $1,811.8  
New Revolving Facility$87.5  $85.5  $—  $—  
New Term Loan Facility (2)$2,439.1  $2,456.2  $2,431.7  $2,456.3  
(1) Includes New Senior Notes (short-term and long-term) at June 30, 2020 and New Senior Notes (long-term) and New Repatriation Bridge Facility (short-term) at December 31, 2019.
(2) Includes short-term and long-term portions of the New Term Loan Facility.