v3.26.1
Financial Instruments and Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Breakdown of Cash and Cash Equivalents

A breakdown of cash and cash equivalents is as follows:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

June 30, 2026

 

 

 

December 31, 2025

 

 

 

Carrying Value

 

 

Fair Value

 

 

 

Carrying Value

 

 

Fair Value

 

 

 

(in millions)

 

 

 

(in millions)

 

Cash

 

$

2.5

 

 

$

2.5

 

 

 

$

0.2

 

 

$

0.2

 

Money market funds

 

 

8.5

 

 

 

8.5

 

 

 

 

10.6

 

 

 

10.6

 

Total cash and cash equivalents

 

$

11.0

 

 

$

11.0

 

 

 

$

10.8

 

 

$

10.8