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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 6,079.5 $ 5,802.4 $ 5,156.6
Cost of goods sold 5,455.2 5,097.5 4,433.9
Gross profit 624.3 704.9 722.7
Selling, general and administrative expenses 366.9 345.1 344.2
Amortization of intangible assets 85.6 85.7 85.8
Restructuring and acquisition-related costs 25.2 30.2 49.4
Loss on sale of business 0.0 0.0 2.7
Operating income 146.6 243.9 240.6
Interest expense (201.7) (174.5) (195.2)
Interest income 26.2 17.0 10.9
Other income (expense)      
Debt refinancing and redemption costs (1.3) (6.4) (34.0)
Gain on bargain purchase of business 0.0 13.6 0.0
Pension curtailment and settlement charges (1.3) 0.0 (42.3)
Unrealized gain (loss) on equity securities (1.1) (25.5) 24.4
Other income (expense), net 8.1 (1.8) (3.2)
Income (loss) before income taxes (24.5) 66.3 1.2
Income tax expense (benefit) 9.1 2.0 (4.7)
Net income (loss) $ (33.6) $ 64.3 $ 5.9
Basic earnings (loss) per share $ (0.29) $ 0.54 $ 0.05
Diluted earnings (loss) per share $ (0.29) $ 0.53 $ 0.05