v3.23.1
BASIS OF PRESENTATION (Tables)
3 Months Ended
Mar. 31, 2023
BASIS OF PRESENTATION  
Schedule of debt repurchases transactions

The below table summarizes the cash debt repurchase transactions during the three months ended March 31, 2023, including the related party transactions with Antara, which became a related party on February 7, 2023:

Aggregate Principal

Reacquisition

Gain on

Accrued Interest

(In millions)

Repurchased

Cost

Extinguishment

Paid

Related party transactions:

Second Lien Notes due 2026

$

41.9

$

24.4

$

25.3

$

0.7

5.875% Senior Subordinated Notes due 2026

4.1

1.7

2.3

0.1

Total related party transactions

46.0

26.1

27.6

0.8

Non-related party transactions:

Second Lien Notes due 2026

57.5

30.4

37.5

1.1

Total non-related party transactions

57.5

30.4

37.5

1.1

Total debt repurchases

$

103.5

$

56.5

$

65.1

$

1.9

Schedule of consolidated statement of cash flows

Period Ended

(In millions)

March 31, 2023

December 31, 2022

Cash and cash equivalents

$

495.6

$

631.5

Restricted cash

23.1

22.9

Total cash and cash equivalents and restricted cash in the statement of cash flows

$

518.7

$

654.4

Schedule of change in accumulated other comprehensive income (loss)

Foreign

(In millions)

    

Currency

    

Pension Benefits

    

Total

Balance December 31, 2022

$

(78.8)

$

1.5

$

(77.3)

Other comprehensive loss

(7.2)

(0.1)

(7.3)

Balance March 31, 2023

$

(86.0)

$

1.4

$

(84.6)

Schedule components of other expense (income)

Three Months Ended

(In millions)

March 31, 2023

March 31, 2022

Decreases related to contingent lease guarantees

$

$

(0.1)

Governmental assistance due to COVID-19 - International markets

(2.3)

Governmental assistance due to COVID-19 - U.S. markets

(1.1)

Foreign currency transaction (gains) losses

(8.7)

4.8

Non-operating components of net periodic benefit income

0.4

Gain on extinguishment - Senior Subordinated Notes due 2026

(2.3)

Loss on extinguishment - First Lien Notes due 2025

47.7

Loss on extinguishment - First Lien Notes due 2026

54.4

Loss on extinguishment - First Lien Toggle Notes due 2026

32.9

Gain on extinguishment - Second Lien Notes due 2026

(62.8)

Derivative stockholder settlement

(14.0)

Shareholder litigation contingency

126.6

Total other expense

$

39.2

$

136.3