BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2023

BASIS OF PRESENTATION

Schedule of debt repurchases transactions

The below table summarizes the cash debt repurchase transactions during the nine months ended September 30, 2023, including the related party transactions with Antara, which was a related party from February 7, 2023 to August 25, 2023:


		Aggregate Principal			Reacquisition			Gain on			Accrued Interest
(In millions)		Repurchased			Cost			Extinguishment			Paid
Related party transactions:
Second Lien Notes due 2026		$	75.9		$	48.5		$	40.9		$	1.1
5.875% Senior Subordinated Notes due 2026			4.1			1.7			2.3			0.1
Total related party transactions			80.0			50.2			43.2			1.2
Non-related party transactions:
Second Lien Notes due 2026			89.7			51.3			54.3			2.2
Total non-related party transactions			89.7			51.3			54.3			2.2
Total debt repurchases		$	169.7		$	101.5		$	97.5		$	3.4

Schedule of consolidated statement of cash flows


		Period Ended
(In millions)		September 30, 2023			December 31, 2022
Cash and cash equivalents		$	729.7		$	631.5
Restricted cash			22.4			22.9
Total cash and cash equivalents and restricted cash in the statement of cash flows		$	752.1		$	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			(38.1)			—			(38.1)
Balance September 30, 2023		$	(116.9)		$	1.5		$	(115.4)

Schedule components of other expense (income)


		Three Months Ended						Nine Months Ended
(In millions)		September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
Decreases related to contingent lease guarantees		$	—		$	(0.1)		$	—		$	(0.2)
Governmental assistance due to COVID-19 - International markets			—			(5.4)			—			(16.2)
Governmental assistance due to COVID-19 - U.S. markets			—			(1.6)			—			(2.7)
Foreign currency transaction (gains) losses			12.8			6.3			(3.2)			14.7
Non-operating components of net periodic benefit cost (income)			0.5			(0.2)			1.2			(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			(10.8)			—			(95.2)			(38.6)
Derivative stockholder settlement			—			—			(14.0)			—
Shareholder litigation			(15.3)			—			110.1			—
Business interruption insurance recoveries			—			—			(1.3)			—
Total other expense (income)		$	(12.8)		$	(1.0)		$	(4.7)		$	91.6