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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net sales        
Net sales $ 2,073.5 $ 1,742.6 $ 5,665.4 $ 4,997.8
Costs and expenses        
Cost of sales 1,317.1 1,115.0 3,601.4 3,280.7
Operating expenses        
Selling, general and administrative expenses 334.6 327.2 1,012.4 963.5
Amortization of intangibles 45.3 45.5 137.1 136.1
Restructuring costs 6.3 1.3 4.1 23.5
Foreign currency (gain) loss, net 5.3 2.7 8.7 13.3
Other operating expense (income) (6.7) 0.0 (8.5) (6.3)
Operating profit (loss) 371.6 250.9 910.2 587.0
Interest expense, net 35.9 43.5 119.7 137.2
Loss on extinguishment of debt 0.0 0.0 1.1 0.0
Change in fair value of warrant liabilities 67.2 61.6 269.2 103.4
Income (loss) before income taxes 268.5 145.8 520.2 346.4
Income tax expense (benefit) 91.9 51.7 171.4 118.8
Net income (loss) $ 176.6 $ 94.1 $ 348.8 $ 227.6
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.47 $ 0.25 $ 0.93 $ 0.60
Diluted (in dollars per share) $ 0.46 $ 0.24 $ 0.90 $ 0.59
Weighted-average shares outstanding:        
Basic (in shares) 375,203,364 380,899,419 376,353,335 379,666,002
Diluted (in shares) 384,316,065 388,240,664 386,106,229 383,832,268
Products        
Net sales        
Net sales $ 1,653.7 $ 1,381.3 $ 4,479.2 $ 3,928.2
Costs and expenses        
Cost of sales 1,066.3 894.2 2,875.6 2,626.6
Services        
Net sales        
Net sales 419.8 361.3 1,186.2 1,069.6
Costs and expenses        
Cost of sales $ 250.8 $ 220.8 $ 725.8 $ 654.1