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Unaudited Condensed Consolidated Statements of Equity (Deficit) - USD ($) $ in Millions | Total | Share Capital | Share Capital Previously Reported | Additional Paid in Capital | Accumulated Deficit | Accumulated Other Comprehensive Income (Loss)
--- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2016 | $ 1,120.0 | $ 0.0 |  |  | $ 1,301.7 | $ (171.2) | $ (10.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | (369.6) | 0.0 |  |  | 0.0 | (369.6) | 0.0
Ending balance at Dec. 31, 2017 | (129.6) | 0.0 |  |  | 277.7 | (540.8) | 133.5
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | (314.0) | $ 0.0 |  |  | 0.0 | (314.0) | 0.0
Ending balance (in shares) at Dec. 31, 2018 |  | 118,261,955 | [1] | 1,000,000 |  |  |
Ending balance at Dec. 31, 2018 | (540.3) | $ 0.0 |  |  | 277.7 | (859.8) | 41.8
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | (74.3) |  |  |  |  | (74.3) |
Other comprehensive loss, net of tax | 6.7 |  |  |  |  |  | 6.7
Ending balance (in shares) at Mar. 31, 2019 |  | 118,261,955 | [1] | 1,000,000 |  |  |
Ending balance at Mar. 31, 2019 | (607.9) | $ 0.0 |  |  | 277.7 | (934.1) | 48.5
Beginning balance (in shares) at Dec. 31, 2018 |  | 118,261,955 | [1] | 1,000,000 |  |  |
Beginning balance at Dec. 31, 2018 | (540.3) | $ 0.0 |  |  | 277.7 | (859.8) | 41.8
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | (93.3) |  |  |  |  |  |
Ending balance (in shares) at Jun. 30, 2019 |  | 118,261,955 |  |  |  |  |
Ending balance at Jun. 30, 2019 | (638.2) | $ 0.0 |  |  | 277.7 | (953.0) | 37.1
Beginning balance (in shares) at Dec. 31, 2018 |  | 118,261,955 | [1] | 1,000,000 |  |  |
Beginning balance at Dec. 31, 2018 | (540.3) | $ 0.0 |  |  | 277.7 | (859.8) | 41.8
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | $ (140.8) | $ 0.0 |  |  | 0.0 | (140.8) | 0.0
Ending balance (in shares) at Dec. 31, 2019 | 118,261,955 | 118,261,955 | [1] | 1,000,000 |  |  |
Ending balance at Dec. 31, 2019 | $ (704.8) | $ 0.0 |  |  | 277.7 | (1,000.6) | 18.1
Beginning balance (in shares) at Mar. 31, 2019 |  | 118,261,955 | [1] | 1,000,000 |  |  |
Beginning balance at Mar. 31, 2019 | (607.9) | $ 0.0 |  |  | 277.7 | (934.1) | 48.5
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | (18.9) |  |  |  |  | (18.9) |
Other comprehensive loss, net of tax | (11.4) |  |  |  |  |  | (11.4)
Ending balance (in shares) at Jun. 30, 2019 |  | 118,261,955 |  |  |  |  |
Ending balance at Jun. 30, 2019 | $ (638.2) | $ 0.0 |  |  | 277.7 | (953.0) | 37.1
Beginning balance (in shares) at Dec. 31, 2019 | 118,261,955 | 118,261,955 | [1] | 1,000,000 |  |  |
Beginning balance at Dec. 31, 2019 | $ (704.8) | $ 0.0 |  |  | 277.7 | (1,000.6) | 18.1
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Tax Receivable Agreement | (133.4) |  |  |  | (133.4) |  |
Net income (loss) | (268.9) |  |  |  |  | (268.9) |
Stock issuance (in shares) |  | 123,900,000 |  |  |  |  |
Stock issuance | 1,195.1 |  |  |  | 1,195.1 |  |
Merger recapitalization (in shares) |  | 86,249,750 |  |  |  |  |
Merger recapitalization | 295.8 |  |  |  | 295.8 |  |
Stock-based compensation | 0.7 |  |  |  | 0.7 |  |
Other comprehensive loss, net of tax | (52.6) |  |  |  |  |  | (52.6)
Ending balance (in shares) at Mar. 31, 2020 |  | 328,411,705 |  |  |  |  |
Ending balance at Mar. 31, 2020 | $ 331.9 | $ 0.0 |  |  | 1,635.9 | (1,269.5) | (34.5)
Beginning balance (in shares) at Dec. 31, 2019 | 118,261,955 | 118,261,955 | [1] | 1,000,000 |  |  |
Beginning balance at Dec. 31, 2019 | $ (704.8) | $ 0.0 |  |  | 277.7 | (1,000.6) | 18.1
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | $ (242.7) |  |  |  |  |  |
Ending balance (in shares) at Jun. 30, 2020 | 328,411,705 | 328,411,705 |  |  |  |  |
Ending balance at Jun. 30, 2020 | $ 350.9 | $ 0.0 |  |  | 1,638.0 | (1,243.3) | (43.8)
Beginning balance (in shares) at Mar. 31, 2020 |  | 328,411,705 |  |  |  |  |
Beginning balance at Mar. 31, 2020 | 331.9 | $ 0.0 |  |  | 1,635.9 | (1,269.5) | (34.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income (loss) | 26.2 |  |  |  |  | 26.2 |
Stock-based compensation | 2.5 |  |  |  | 2.5 |  |
Other merger adjustment | (0.4) |  |  |  | (0.4) |  |
Other comprehensive loss, net of tax | $ (9.3) |  |  |  |  |  | (9.3)
Ending balance (in shares) at Jun. 30, 2020 | 328,411,705 | 328,411,705 |  |  |  |  |
Ending balance at Jun. 30, 2020 | $ 350.9 | $ 0.0 |  |  | $ 1,638.0 | $ (1,243.3) | $ (43.8)
[1] | The shares and earnings per share available to holders of the Company’s ordinary shares, prior to the Business Combination, have been recasted as shares reflecting the exchange ratio established in the Business Combination (1.0 Vertiv Holdings share to 118.261955 Vertiv Holdings Co shares).

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