BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2023

BASIS OF PRESENTATION

Schedule of debt repurchases transactions

The below table summarizes the cash debt repurchase transactions during the six months ended June 30, 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		$	58.9		$	36.2		$	33.4		$	1.0
5.875% Senior Subordinated Notes due 2026			4.1			1.7			2.3			0.1
Total related party transactions			63.0			37.9			35.7			1.1
Non-related party transactions:
Second Lien Notes due 2026			82.5			46.2			51.0			2.1
Total non-related party transactions			82.5			46.2			51.0			2.1
Total debt repurchases		$	145.5		$	84.1		$	86.7		$	3.2

Schedule of consolidated statement of cash flows


		Period Ended
(In millions)		June 30, 2023			December 31, 2022
Cash and cash equivalents		$	435.3		$	631.5
Restricted cash			22.9			22.9
Total cash and cash equivalents and restricted cash in the statement of cash flows		$	458.2		$	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			(47.2)			(0.1)			(47.3)
Balance June 30, 2023		$	(126.0)		$	1.4		$	(124.6)

Schedule components of other expense (income)


		Three Months Ended						Six Months Ended
(In millions)		June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Decreases related to contingent lease guarantees		$	—		$	—		$	—		$	(0.1)
Governmental assistance due to COVID-19 - International markets			—			(8.5)			—			(10.8)
Governmental assistance due to COVID-19 - U.S. markets			—			—			—			(1.1)
Foreign currency transaction (gains) losses			(7.5)			3.6			(16.2)			8.4
Non-operating components of net periodic benefit income			0.5			(0.2)			0.9			(0.2)
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			(21.6)			(38.6)			(84.4)			(38.6)
Derivative stockholder settlement			—			—			(14.0)			—
Shareholder litigation contingency			(1.2)			—			125.4			—
Business interruption insurance recoveries			(1.3)			—			(1.3)			—
Total other expense (income)		$	(31.1)		$	(43.7)		$	8.1		$	92.6