XML 87 R70.htm IDEA: XBRL DOCUMENT
v3.20.2

Financial Instruments and Risk Management - Tax Receivable Agreement Narrative (Details) $ in Millions |  |  | 3 Months Ended | 6 Months Ended
--- | --- | --- | --- | ---
Mar. 02, 2020 | Mar. 01, 2020 | Jun. 30, 2020 USD ($) | Mar. 31, 2020 USD ($) | Jun. 30, 2019 USD ($) | Jun. 30, 2020 USD ($) | Jun. 30, 2019 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |  |  |  |  |  |  |
Tax Receivable Agreement, effect of one percentage point change on fair value |  |  |  |  |  | $ 7.0 |
Percent of tax savings under Tax Receivable Agreement, prior to closing date |  | 65.00% |  |  |  |  |
Percent of tax savings under Tax Receivable Agreement, expected after closing date | 35.00% |  |  |  |  |  |
Tax Receivable Agreement, period covered | 12 years |  |  |  |  |  |
Tax Receivable Agreement, estimated payments, undiscounted |  |  |  | $ 191.5 |  |  |
Fair value of the estimated liability included as an adjustment to additional pain in capital |  |  |  | 133.4 |  |  |
Interest expense, Tax Receivable Agreement |  |  | $ 7.1 |  |  | 16.2 |
Unrealized gain recorded in other comprehensive income |  |  | $ (9.7) |  | $ 0.0 | $ 16.2 | $ 0.0
Measurement Input, Discount Rate |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |  |  |  |  |  |  |
Tax Receivable Agreement, measurement input |  |  | 0.052 |  |  | 0.052 |
Additional Paid in Capital |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |  |  |  |  |  |  |
Fair value of the estimated liability included as an adjustment to additional pain in capital |  |  |  | $ 133.4 |  |  |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before tax, after reclassification adjustment, of gain (loss) from increase (decrease) in instrument-specific credit risk of financial liability measured under fair value option, attributable to parent. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e637-108580 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Adjustments To Additional Paid In Capital, Tax Receivable Agreement + References No definition available. + Details
Name: | vrt_AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreement
Namespace Prefix: | vrt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Interest Expense, Tax Receivable Agreement + References No definition available. + Details
Name: | vrt_InterestExpenseTaxReceivableAgreement
Namespace Prefix: | vrt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percent Of tax Savings Under Tax Receivable Agreement, Expected After Closing Date + References No definition available. + Details
Name: | vrt_PercentOfTaxSavingsUnderTaxReceivableAgreementExpectedAfterClosingDate
Namespace Prefix: | vrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percent Of Tax Savings Under Tax Receivable Agreement, Prior To Closing Date + References No definition available. + Details
Name: | vrt_PercentOfTaxSavingsUnderTaxReceivableAgreementPriorToClosingDate
Namespace Prefix: | vrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tax Receivable Agreement, Effect Of One Percentage Point Change On Fair Value + References No definition available. + Details
Name: | vrt_TaxReceivableAgreementEffectOfOnePercentagePointChangeOnFairValue
Namespace Prefix: | vrt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Tax Receivable Agreement, Estimated Payments, Undiscounted + References No definition available. + Details
Name: | vrt_TaxReceivableAgreementEstimatedPaymentsUndiscounted
Namespace Prefix: | vrt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Tax Receivable Agreement, Measurement Input + References No definition available. + Details
Name: | vrt_TaxReceivableAgreementMeasurementInput
Namespace Prefix: | vrt_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Tax Receivable Agreement, Period Covered + References No definition available. + Details
Name: | vrt_TaxReceivableAgreementPeriodCovered
Namespace Prefix: | vrt_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |