XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.1
Background and Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Summary of Activity in Product Warranty Accrual, Included in Accrued and Other Liabilities and Other Noncurrent Liabilities on the Condensed Consolidated Balance Sheets

The following table summarizes the activity in the product warranty accrual, included in accrued and other liabilities and other noncurrent liabilities on the Condensed Consolidated Balance Sheets:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Product warranty accrual, beginning of period

 

$

55.0

 

 

$

66.8

 

Provision for warranty claims

 

 

6.5

 

 

 

5.1

 

Warranty claims paid

 

 

(8.5

)

 

 

(6.0

)

Foreign exchange

 

 

0.1

 

 

 

0.1

 

Product warranty accrual, end of period

 

$

53.1

 

 

$

66.0

 

Summary of EPS, Weighted Average Common Shares and Potential Common Shares Outstanding

The following table presents the basis for the EPS computations (in millions, except per share data):

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

3.4

 

 

$

(139.9

)

Dividends on Series A convertible preferred stock

 

 

(15.1

)

 

 

(14.5

)

Net loss attributable to common stockholders

 

$

(11.7

)

 

$

(154.4

)

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding – basic

 

 

208.9

 

 

 

205.4

 

Dilutive effect of as-if converted Series A convertible preferred stock

 

 

 

 

 

 

Dilutive effect of equity-based awards

 

 

 

 

 

 

Weighted average common shares outstanding – diluted

 

 

208.9

 

 

 

205.4

 

 

 

 

 

 

 

 

Loss per share:

 

 

 

 

 

 

Basic

 

$

(0.06

)

 

$

(0.75

)

Diluted

 

$

(0.06

)

 

$

(0.75

)