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Unaudited quarterly financial information (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of unaudited quarterly financial information
(in millions, except per share information)
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
Year ended December 31, 2019:
 
 
(1,2)
 
(3)
 
 
Net sales
$
1,480.1

 
$
1,532.4

 
$
1,503.8

 
$
1,524.0

Gross profit
475.2

 
491.1

 
474.0

 
480.4

Net (loss) income
(6.2
)
 
(48.7
)
 
22.1

 
70.6

Net (loss) income available to common stockholders
(78.0
)
 
(317.3
)
 
5.7

 
54.5

(Loss) earnings per share:
 
 
 
 
 
 
 
Basic
(0.59
)
 
(0.98
)
 
0.01

 
0.10

Diluted
(0.59
)
 
(0.98
)
 
0.01

 
0.09

Year ended December 31, 2018:
 
 
 
 
 
 
 
Net sales
1,418.3

 
1,477.9

 
1,494.2

 
1,473.9

Gross profit
440.3

 
468.0

 
478.7

 
432.8

Net (loss) income
(41.2
)
 
(26.9
)
 
34.5

 
(53.3
)
Net loss available to common stockholders
(104.5
)
 
(93.1
)
 
(34.4
)
 
(124.4
)
Loss per share:
 
 
 
 
 
 
 
Basic
(0.79
)
 
(0.70
)
 
(0.26
)
 
(0.94
)
Diluted
(0.79
)
 
(0.70
)
 
(0.26
)
 
(0.94
)
 
(1)
Net loss, net loss available to common stockholders and loss per share in the second quarter of 2019 included: (i) $70.2 million of the total $73.7 million loss on extinguishment of debt incurred during 2019 (see note 13); and (ii) $26.9 million of expense for performance-based stock options (see note 17); which were partially offset by (iii) related income tax benefits.
(2)
Net loss available to common stockholders and loss per share in the second quarter of 2019 included a $220.4 million adjustment of series A preferred stock to redemption value (see note 14).
(3)
Net income, net loss available to common stockholders and loss per share in the third quarter of 2018 included $48.8 million of the total $51.0 million benefit for 2018 to adjust the provisional accounting for U.S. tax reform legislation (see note 19).