v3.26.1
Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 8: PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net are as follows:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

June 30, 2026

 

 

 

December 31, 2025

 

 

 

(in millions)

 

 

 

(in millions)

 

Land

 

$

6.7

 

 

 

$

2.0

 

Buildings and improvements

 

 

17.7

 

 

 

 

20.1

 

Machinery and equipment

 

 

62.5

 

 

 

 

69.8

 

Salt reserves

 

 

310.0

 

 

 

 

275.3

 

Construction in process

 

 

2.3

 

 

 

 

2.2

 

 

 

399.2

 

 

 

 

369.4

 

Accumulated depreciation and depletion

 

 

(3.6

)

 

 

 

(48.0

)

Total

 

$

395.6

 

 

 

$

321.4

 

Depreciation and depletion expense are included in the following financial statement line items in the Condensed Consolidated Statements of Operations:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

Three Months Ended June 30, 2026

 

 

Period from February 27, 2026 to June 30, 2026

 

 

 

Period from January 1, 2026 to February 26, 2026

 

 

Three Months Ended June 30, 2025

 

 

Six Months Ended June 30, 2025

 

 

 

(in millions)

 

 

(in millions)

 

 

 

(in millions)

 

 

(in millions)

 

 

(in millions)

 

Cost of sales

 

$

2.7

 

 

$

3.6

 

 

 

$

2.4

 

 

$

3.2

 

 

$

6.4

 

Selling expense

 

 

—

 

 

 

—

 

 

 

 

—

 

 

 

—

 

 

 

—

 

General and administrative expense

 

 

—

 

 

 

—

 

 

 

 

—

 

 

 

0.1

 

 

 

0.1

 

Total

 

$

2.7

 

 

$

3.6

 

 

 

$

2.4

 

 

$

3.3

 

 

$

6.5

 

The Company recognized a $0.1 million loss from disposal on the Condensed Consolidated Statements of Operations for the three months ended June 30, 2026 (Successor) and no such loss for the three months ended June 30, 2025 (Predecessor). The Company recognized a $0.1 million loss from disposal on the Condensed Consolidated Statements of Operations for the period from February 27, 2026 to June 30, 2026 (Successor), no such loss for the period from January 1, 2026 to February 26, 2026 (Predecessor), and an insignificant loss from disposal for the six months ended June 30, 2025 (Predecessor).