Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the Company’s accumulated other comprehensive income (loss) (AOCI), net of tax, by component for 2024:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2024 (Successor)	$	14.2	$	(0.1)	$	—	$	(6.1)	$	(0.4)	$	7.6
Other comprehensive income (loss) before reclassifications (1)	(43.0)		—		—		—		—		(43.0)
Amounts reclassified from AOCI	—		—		—		5.0		—		5.0
Net current-period other comprehensive income (loss)	(43.0)		—		—		5.0		—		(38.0)
Balance at March 31, 2024 (Successor)	$	(28.8)	$	(0.1)	$	—	$	(1.1)	$	(0.4)	$	(30.4)
Other comprehensive income (loss) before reclassifications (2)	(35.2)		(0.3)		(0.3)		—		—		(35.8)
Amounts reclassified from AOCI	—		—		—		1.9		—		1.9
Net current-period other comprehensive income (loss)	(35.2)		(0.3)		(0.3)		1.9		—		(33.9)
Balance at June 30, 2024 (Successor)	$	(64.0)	$	(0.4)	$	(0.3)	$	0.8	$	(0.4)	$	(64.3)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes a nominal translation amount attributable to noncontrolling interests.

(2) Other comprehensive income (loss) before reclassifications within the translation component excludes a $0.2 translation amount attributable to noncontrolling interests.

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The following table summarizes the changes in the Company’s AOCI, net of tax, by component for 2023:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2023 (Predecessor)	$	(352.1)	$	(1.9)	$	5.3	$	(12.6)	$	1.3	$	(360.0)
Other comprehensive income (loss) before reclassifications (1)	4.7		—		0.3		—		—		5.0
Amounts reclassified from AOCI	—		—		—		1.3		—		1.3
Net current-period other comprehensive income (loss)	4.7		—		0.3		1.3		—		6.3
Balance at March 31, 2023 (Predecessor)	$	(347.4)	$	(1.9)	$	5.6	$	(11.3)	$	1.3	$	(353.7)
Other comprehensive income (loss) before reclassifications (2)	25.2		—		0.2		—		—		25.4
Amounts reclassified from AOCI	—		—		—		0.8		—		0.8
Net current-period other comprehensive income (loss)	25.2		—		0.2		0.8		—		26.2
Balance at June 30, 2023 (Predecessor)	$	(322.2)	$	(1.9)	$	5.8	$	(10.5)	$	1.3	$	(327.5)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(2.2) of translation attributable to noncontrolling interests.:

(2) Other comprehensive income (loss) before reclassifications within the translation component excludes $6.6 of translation attributable to noncontrolling interests.:

Schedule of Reclassification out of Accumulated Other Comprehensive Income

The following table summarizes the details about the amounts reclassified from AOCI:

	Successor		Predecessor		Affected Line Item on the Statement of Operations
	Three months ended		Three months ended
	June 30, 2024		June 30, 2023
Pension and post-retirement benefits:
Net actuarial gain (loss) amortized (net of tax of $— in the Successor Period and $(0.2) in the Predecessor Period, respectively)	$	1.9	$	0.8	Miscellaneous, net

	Successor		Predecessor		Affected Line Item on the Statement of Operations
	Six months ended		Six months ended
	June 30, 2024		June 30, 2023
Pension and post-retirement benefits:
Net actuarial gain (loss) amortized (net of tax of $(2.1) in the Successor Period and $(0.7) in the Predecessor Period, respectively)	$	6.9	$	2.1	Miscellaneous, net