Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment, Net

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Property, Plant, and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net consist of the following (in millions):
  Depreciable
Lives		   December 31, 2023 December 31, 2022
Land, buildings, and leasehold improvements 3-39 years   $ 49.4  $ 46.5 
Machinery and equipment 5-15 years   38.5  33.6 
Badges 3-5 years   41.0  33.4 
Furniture, fixtures, computer equipment and other 3-10 years   22.9  20.8 
Software development costs 3-5 years 10.7  5.0 
Construction in progress (1)
—   28.6  15.9 
      191.1  155.2 
Less: accumulated depreciation and amortization     (56.6) (30.9)
      $ 134.5  $ 124.3 

(1) Includes $4.2 million and $4.5 million of Construction in progress for internally developed software as of December 31, 2023 and December 31, 2022, respectively.
Certain reclassifications have been made to the components of property, plant and equipment for the year ending December 31, 2022 to conform to the 2023 presentation.
Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):
Successor Predecessor
Fiscal Year Ended December 31, 2023
Fiscal Year Ended
December 31, 2022
 From October 20, 2021 through December 31, 2021 From July 1, 2021 through
October 19, 2021		 Fiscal Year Ended
June 30, 2021
Depreciation expense in:
Cost of revenues $ 19.2  $ 18.0  $ 3.5  $ 3.9  $ 14.0 
Operating expenses $ 12.0  $ 10.1  $ 1.7  $ 2.1  $ 6.8