XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.21.1

Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Accounting Policies [Abstract] |
Schedule of Restatement of Previously Issued Financial Statements | The impact of this correction to the applicable reporting periods for the financial statement line items impacted is as follows (in millions, except per share data):
|  | Twelve Months Ended
|  | December 31, 2020
|  | As Reported |  | Restatement Impact |  | As Restated
Consolidated Statements of Earnings (Loss) and Comprehensive Income (Loss): |  |  |  |  |  |
Change in fair value of warrant liabilities |  | $ | — |  |  | $ | 143.7 |  |  | $ | 143.7 |
Income (loss) from Continuing Operations before income taxes |  | $ | (110.9) |  |  | $ | (143.7) |  |  | $ | (254.6) |
Income (loss) from Continuing Operations |  | $ | (183.6) |  |  | $ | (143.7) |  |  | $ | (327.3) |
Net income (loss) |  | $ | (183.6) |  |  | $ | (143.7) |  |  | $ | (327.3) |
Comprehensive income (loss) |  | $ | (150.2) |  |  | $ | (143.7) |  |  | $ | (293.9) |
Earnings (loss) per share: |  |  |  |  |  |
Basic and diluted |  | $ | (0.60) |  |  | $ | (0.47) |  |  | $ | (1.07) |
|  | Twelve Months Ended
|  | December 31, 2020
|  | As Reported |  | Restatement Impact |  | As Restated
Consolidated Balance Sheets: |  |  |  |  |  |
Current portion of warrant liabilities |  | $ | — |  |  | $ | 68.5 |  |  | $ | 68.5 |
Total current liabilities |  | $ | 1,673.1 |  |  | $ | 68.5 |  |  | $ | 1,741.6 |
Warrant liabilities |  | $ | — |  |  | $ | 87.7 |  |  | $ | 87.7 |
Total liabilities |  | $ | 4,405.5 |  |  | $ | 156.2 |  |  | $ | 4,561.7 |
Additional paid-in-capital |  | $ | 1,804.3 |  |  | $ | (12.5) |  |  | $ | 1,791.8 |
Accumulated deficit |  | $ | (1,187.5) |  |  | $ | (143.7) |  |  | $ | (1,331.2) |
Total equity (deficit) |  | $ | 668.3 |  |  | $ | (156.2) |  |  | $ | 512.1 |
Reconciliation of Cash, Cash Equivalents, and Restricted Cash | The following table provides a reconciliation of the amount of cash, cash equivalents and restricted cash reported within the consolidated balance sheets. Restricted cash represents amounts held in an escrow account related to payment of specific tax indemnities.
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Cash and cash equivalents | $ | 534.6 |  |  | $ | 223.5 |  |  | $ | 215.1 |
Restricted cash included in other current assets | 8.0 |  |  | 10.2 |  |  | 10.2 |
Total cash, cash equivalents, and restricted cash | $ | 542.6 |  |  | $ | 233.7 |  |  | $ | 225.3 |
Schedule of Inventory | The following are the components of inventory:
| December 31, 2020 |  | December 31, 2019
Inventories |  |  |
Finished products | $ | 201.0 |  |  | $ | 180.2 |
Raw materials | 155.7 |  |  | 162.6 |
Work in process | 89.9 |  |  | 58.2 |
Total inventories | $ | 446.6 |  |  | $ | 401.0 |
Schedule of Property, Plant and Equipment | Following are the components of property, plant and equipment:
| December 31, 2020 |  | December 31, 2019
Property, plant and equipment, net |  |  |
Machinery and equipment | $ | 322.4 |  |  | $ | 280.7 |
Buildings | 255.5 |  |  | 243.2 |
Land | 47.4 |  |  | 46.7 |
Construction in progress | 23.1 |  |  | 21.9 |
Property, plant and equipment, at cost | 648.4 |  |  | 592.5 |
Less: Accumulated depreciation | (220.8) |  |  | (164.3) |
Property, plant and equipment, net | $ | 427.6 |  |  | $ | 428.2 |
Schedule of Product Warranty Liability | The change in product warranty accrual is as follows:
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Beginning balance | $ | 43.3 |  |  | $ | 44.9 |  |  | $ | 40.0 |
Provision charge to expense | 27.8 |  |  | 48.7 |  |  | 41.0 |
Paid/utilized | (34.6) |  |  | (50.3) |  |  | (36.1) |
Ending balance | $ | 36.5 |  |  | $ | 43.3 |  |  | $ | 44.9 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121583591&loc=SL98516268-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration