Inventories

12 Months Ended

Dec. 31, 2022

Inventories [Abstract]

Inventories

Inventories

The components of inventories consist of the following (in millions):

	Successor				Predecessor
	December 31, 2022		December 31, 2021		June 30, 2021
Raw materials	$	69.7	$	56.8	$	50.9
Work in progress	28.2		26.6		26.8
Finished goods	45.4		40.2		35.5
	$	143.3	$	123.6	$	113.2

Inventories as of December 31, 2021 include $6.3 million of fair value step-up from purchase accounting which was recognized as cost of revenues as related inventory was sold during the year ended December 31, 2022.