XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
Shareowners' Equity (Deficit) (Tables)
 9 Months Ended
Sep. 30, 2022
Shareowners Deficit [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component

The changes in accumulated other comprehensive income (loss) by component were as follows:

 

(dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

Unrecognized

Net Periodic

Pension and

Postretirement

Benefit (Cost)

 

 

 

Unrealized Loss on Cash Flow

Hedges, Net

 

 

 

Foreign

Currency

Translation Gain (Loss)

 

 

Total

 

Balance as of June 30, 2022

 

$

1.3

 

 

 

$

—

 

 

 

$

(2.7

)

 

$

(1.4

)

Remeasurement of benefit obligations

 

 

(0.8

)

 

 

 

—

 

 

 

 

—

 

 

 

(0.8

)

Foreign currency loss

 

 

—

 

 

 

 

—

 

 

 

 

(5.9

)

 

 

(5.9

)

Balance as of September 30, 2022

 

$

0.5

 

 

 

$

—

 

 

 

$

(8.6

)

 

$

(8.1

)

Successor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 8, 2021 (remeasured upon Merger)

 

$

—

 

 

 

$

—

 

 

 

$

—

 

 

$

—

 

Foreign currency loss

 

 

—

 

 

 

 

—

 

 

 

 

(1.2

)

 

 

(1.2

)

Balance as of September 30, 2021

 

$

—

 

 

 

$

—

 

 

 

$

(1.2

)

 

$

(1.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2021

 

$

(124.9

)

 

 

$

(15.7

)

 

 

$

1.4

 

 

$

(139.2

)

Reclassifications, net

 

 

2.8

 

(a)

 

 

16.2

 

(b)

 

 

—

 

 

 

19.0

 

Unrealized loss on cash flow hedges arising during the period, net

 

 

—

 

 

 

 

(0.6

)

(c)

 

 

—

 

 

 

(0.6

)

Foreign currency loss

 

 

—

 

 

 

 

—

 

 

 

 

(1.4

)

 

 

(1.4

)

Balance as of September 7, 2021

 

$

(122.1

)

 

 

$

(0.1

)

 

 

$

—

 

 

$

(122.2

)

 

 


 

(dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

Unrecognized

Net Periodic

Pension and

Postretirement

Benefit (Cost)

 

 

 

Unrealized Loss on Cash Flow

Hedges, Net

 

 

 

Foreign

Currency

Translation Gain (Loss)

 

 

Total

 

Balance as of December 31, 2021

 

$

2.6

 

 

 

$

—

 

 

 

$

(1.4

)

 

$

1.2

 

Remeasurement of benefit obligations

 

 

(2.1

)

 

 

 

—

 

 

 

 

—

 

 

 

(2.1

)

Foreign currency loss

 

 

—

 

 

 

 

—

 

 

 

 

(7.2

)

 

 

(7.2

)

Balance as of September 30, 2022

 

$

0.5

 

 

 

$

—

 

 

 

$

(8.6

)

 

$

(8.1

)

Successor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 8, 2021 (remeasured upon Merger)

 

$

—

 

 

 

$

—

 

 

 

$

—

 

 

$

—

 

Foreign currency loss

 

 

—

 

 

 

 

—

 

 

 

 

(1.2

)

 

 

(1.2

)

Balance as of September 30, 2021

 

$

—

 

 

 

$

—

 

 

 

$

(1.2

)

 

$

(1.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2020

 

$

(138.8

)

 

 

$

(19.7

)

 

 

$

(1.2

)

 

$

(159.7

)

Remeasurement of benefit obligations

 

 

6.0

 

 

 

 

—

 

 

 

 

—

 

 

 

6.0

 

Reclassifications, net

 

 

10.7

 

(a)

 

 

19.7

 

(b)

 

 

—

 

 

 

30.4

 

Unrealized loss on cash flow hedges arising during the period, net

 

 

—

 

 

 

 

(0.1

)

(c)

 

 

—

 

 

 

(0.1

)

Foreign currency gain

 

 

—

 

 

 

 

—

 

 

 

 

1.2

 

 

 

1.2

 

Balance as of September 7, 2021

 

$

(122.1

)

 

 

$

(0.1

)

 

 

$

—

 

 

$

(122.2

)

 

 

 

 

(a)

These reclassifications are included in the other components of net periodic pension and postretirement benefit plans expense and represent amortization of prior service benefit and actuarial loss, net of tax. The other components of net periodic pension and postretirement benefit plans expense are recorded in "Other components of pension and postretirement benefit plans (benefit) expense" on the Condensed Consolidated Statements of Operations. See Note 8 for further disclosures.

 

 

(b)

These reclassifications are reported within "Interest expense" and “Other (income) expense, net” on the Condensed Consolidated Statements of Operations when the hedged transactions impact earnings.

 

 

(c)

The unrealized loss, net on cash flow hedges represents the change in the fair value of the derivative instruments that occurred during the period, net of tax.