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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Income Statement [Abstract]              
Net sales $ 442.6   $ 497.4   $ 922.2 $ 942.4  
Cost of sales 191.4   196.3   388.3 387.5  
Gross profit 251.2   301.1   533.9 554.9  
Selling, general and administrative expenses 253.0   279.4   509.9 539.9  
Acquisition, integration and divestiture costs 0.3   0.6   0.5 1.2  
Restructuring charges and other, net 3.1   8.4   5.0 13.8  
Impairment charges 24.3   0.0   24.3 0.0 $ 0.0
Gain on divested assets 0.0   (1.8)   0.0 (1.8)  
Operating income (loss) (29.5)   14.5   (5.8) 1.8  
Other expenses:              
Interest expense, net 57.5   61.9   119.6 120.8  
Amortization of debt issuance costs 11.8   13.3   20.9 22.0  
Foreign currency losses (gains), net 14.2   (1.7)   22.0 1.6  
Miscellaneous, net 4.8   1.5   6.7 2.7  
Reorganization items, net 158.3   0.0   158.3 0.0  
Other expense (income), net 246.6   75.0   327.5 147.1  
(Loss) income from operations before income taxes (276.1)   (60.5)   (333.3) (145.3)  
(Benefit from) provision for income taxes (0.5)   7.2   9.3 18.4  
Net (loss) income (275.6) $ (67.0) (67.7) $ (96.0) (342.6) (163.7)  
Other comprehensive income (loss):              
Foreign currency translation adjustments (3.0)   (0.5)   (2.0) (5.4)  
Amortization of pension related costs, net of tax [1],[2] 2.8   3.5   5.7 7.0  
Other comprehensive (loss) income, net (0.2) [3] $ 3.9 [3] 3.0 [3] $ (1.4) [3] 3.7 1.6  
Total comprehensive (loss) income $ (275.8)   $ (64.7)   $ (338.9) $ (162.1)  
Basic loss per common share (in dollars per share) $ (5.00)   $ (1.25)   $ (6.27) $ (3.04)  
Diluted loss per common share (in dollars per share) $ (5.00)   $ (1.25)   $ (6.27) $ (3.04)  
Weighted average number of common shares outstanding:              
Basic (in shares) 55,071,206   54,015,794   54,669,069 53,835,622  
Diluted (in shares) 55,071,206   54,015,794   54,669,069 53,835,622  
[1] Net of tax expense of nil for both the three months ended and six months ended June 30, 2022 and 2021.
[2] This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[3] See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the six months ended June 30, 2022 and 2021, respectively.