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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to the Company's leases is as follows:

 

 

 

 

 

Successor

 

 

 

Predecessor

 

(dollars in millions)

 

Balance Sheet Location

 

September 30, 2021

 

 

 

December 31, 2020

 

Operating lease assets, net of amortization

 

Operating lease right-of-use assets

 

$

41.4

 

 

 

$

37.4

 

Finance lease assets, net of amortization

 

Property, plant and equipment, net

 

 

15.4

 

 

 

 

28.0

 

Operating lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

Other current liabilities

 

 

8.8

 

 

 

 

9.6

 

Noncurrent operating lease liabilities

 

Operating lease liabilities

 

 

38.0

 

 

 

 

33.6

 

Total operating lease liabilities

 

 

 

 

46.8

 

 

 

 

43.2

 

Finance lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Current finance lease liabilities

 

Current portion of long-term debt

 

 

10.1

 

 

 

 

13.9

 

Noncurrent finance lease liabilities

 

Long-term debt, less current portion

 

 

47.1

 

 

 

 

52.1

 

Total finance lease liabilities

 

 

 

$

57.2

 

 

 

$

66.0

 

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

 

 

 

Successor

 

 

 

Predecessor

 

 

Predecessor

 

(dollars in millions)

 

September 8, 2021 to September 30, 2021

 

 

 

January 1, 2021 to September 7, 2021

 

 

Nine Months Ended September 30, 2020

 

Supplemental Cash Flows Information

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from finance leases

 

$

0.3

 

 

 

$

2.9

 

 

$

3.3

 

Operating cash flows from operating leases

 

$

0.8

 

 

 

$

7.2

 

 

$

9.5

 

Financing cash flows from finance leases

 

$

1.2

 

 

 

$

9.9

 

 

$

13.9

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

 

 

New operating leases

 

$

 

 

 

$

11.5

 

 

$

6.8

 

New finance leases

 

$

 

 

 

$

3.8

 

 

$

4.0