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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Share Capital
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2020   342,024,612      
Beginning balance at Dec. 31, 2020 $ 512.1 $ 0.0 $ 1,791.8 $ (1,331.2) $ 51.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 31.7     31.7  
Exercise of employee stock options (in shares)   76,047      
Exercise of employee stock options 0.9   0.9    
Employee 401K match with Vertiv stock (in shares)   69,309      
Employee 401K match with Vertiv stock 1.3   1.3    
Exercise of warrants (in shares) [1]   9,346,822      
Exercise of warrants [1] 176.0   176.0    
Stock-based compensation 5.6   5.6    
Other comprehensive income (loss), net of tax 1.1       1.1
Ending balance (in shares) at Mar. 31, 2021   351,516,790      
Ending balance at Mar. 31, 2021 728.7 $ 0.0 1,975.6 (1,299.5) 52.6
Beginning balance (in shares) at Dec. 31, 2020   342,024,612      
Beginning balance at Dec. 31, 2020 512.1 $ 0.0 1,791.8 (1,331.2) 51.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 97.6        
Ending balance (in shares) at Sep. 30, 2021   352,499,706      
Ending balance at Sep. 30, 2021 785.7 $ 0.0 1,987.3 (1,233.6) 32.0
Beginning balance (in shares) at Mar. 31, 2021   351,516,790      
Beginning balance at Mar. 31, 2021 728.7 $ 0.0 1,975.6 (1,299.5) 52.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 9.7     9.7  
Exercise of employee stock options (in shares)   120,721      
Exercise of employee stock options 1.4   1.4    
Stock comp activity, net of withholdings for tax (in shares) [2]   586,139      
Stock comp activity, net of withholdings for tax [2] (0.8)   (0.8)    
Employee 401K match with Vertiv stock (in shares)   107,890      
Employee 401K match with Vertiv stock 2.3   2.3    
Other comprehensive income (loss), net of tax 2.4       2.4
Ending balance (in shares) at Jun. 30, 2021   352,331,540      
Ending balance at Jun. 30, 2021 743.7 $ 0.0 1,978.5 (1,289.8) 55.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 56.2     56.2  
Exercise of employee stock options (in shares)   51,122      
Exercise of employee stock options 0.8   0.8    
Stock comp activity, net of withholdings for tax (in shares) [3]   27,069      
Stock comp activity, net of withholdings for tax [3] 5.5   5.5    
Employee 401K match with Vertiv stock (in shares)   89,975      
Employee 401K match with Vertiv stock 2.5   2.5    
Other comprehensive income (loss), net of tax (23.0)       (23.0)
Ending balance (in shares) at Sep. 30, 2021   352,499,706      
Ending balance at Sep. 30, 2021 $ 785.7 $ 0.0 1,987.3 (1,233.6) 32.0
Beginning balance (in shares) at Dec. 31, 2021 375,801,857 375,801,857      
Beginning balance at Dec. 31, 2021 $ 1,417.7 $ 0.0 2,597.5 (1,215.4) 35.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 8.5     8.5  
Exercise of employee stock options (in shares)   89,566      
Exercise of employee stock options 1.0   1.0    
Employee 401K match with Vertiv stock (in shares)   100,541      
Employee 401K match with Vertiv stock 2.3   2.3    
Stock-based compensation 6.6   6.6    
Other comprehensive income (loss), net of tax 18.0       18.0
Ending balance (in shares) at Mar. 31, 2022   375,991,964      
Ending balance at Mar. 31, 2022 $ 1,454.1 $ 0.0 2,607.4 (1,206.9) 53.6
Beginning balance (in shares) at Dec. 31, 2021 375,801,857 375,801,857      
Beginning balance at Dec. 31, 2021 $ 1,417.7 $ 0.0 2,597.5 (1,215.4) 35.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) $ 50.0        
Ending balance (in shares) at Sep. 30, 2022 377,058,727 377,058,727      
Ending balance at Sep. 30, 2022 $ 1,267.1 $ 0.0 2,621.9 (1,165.4) (189.4)
Beginning balance (in shares) at Mar. 31, 2022   375,991,964      
Beginning balance at Mar. 31, 2022 1,454.1 $ 0.0 2,607.4 (1,206.9) 53.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 20.3     20.3  
Exercise of employee stock options (in shares)   4,279      
Exercise of employee stock options 0.1   0.1    
Stock comp activity, net of withholdings for tax (in shares) [4]   563,597      
Stock comp activity, net of withholdings for tax [4] 2.9   2.9    
Employee 401K match with Vertiv stock (in shares)   161,333      
Employee 401K match with Vertiv stock 2.2   2.2    
Other comprehensive income (loss), net of tax (127.9)       (127.9)
Ending balance (in shares) at Jun. 30, 2022   376,721,173      
Ending balance at Jun. 30, 2022 1,351.7 $ 0.0 2,612.6 (1,186.6) (74.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 21.2     21.2  
Exercise of employee stock options (in shares)   20,649      
Exercise of employee stock options 0.2   0.2    
Employee 401K match with Vertiv stock (in shares)   316,905      
Employee 401K match with Vertiv stock 2.8   2.8    
Stock-based compensation 6.3   6.3    
Other comprehensive income (loss), net of tax $ (115.1)       (115.1)
Ending balance (in shares) at Sep. 30, 2022 377,058,727 377,058,727      
Ending balance at Sep. 30, 2022 $ 1,267.1 $ 0.0 $ 2,621.9 $ (1,165.4) $ (189.4)
[1] The exercise of warrants includes $107.5 of cash received during the three months ended March 31, 2021 for the exercise of public warrants.
[2] Net stock compensation activity includes 906,197 vested shares offset by 320,058 shares withheld for taxes valued at $7.0 valued and stock-based compensation of $6.2.
[3] Net stock compensation activity includes 29,605 vested shares offset by 2,536 shares withheld for taxes valued at $0.2 and stock-based compensation of $5.7.
[4] Net stock compensation activity includes 876,358 vested shares offset by 312,761 shares withheld for taxes valued at $4.3 and stock-based compensation of $7.2.