XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.22.1

Other Financial Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Cash, Cash Equivalents, and Restricted Cash |
| March 31, 2022 |  | December 31, 2021
Reconciliation of cash, cash equivalents, and restricted cash |  |  |
Cash and cash equivalents | $ | 288.5 |  |  | $ | 439.1 |
Restricted cash included in other current assets | 8.0 |  |  | 8.0 |
Total cash, cash equivalents, and restricted cash | $ | 296.5 |  |  | $ | 447.1 |
Other Supplemental Balance Sheet Information |
| March 31, 2022 |  | December 31, 2021
Inventories |  |  |
Finished products | $ | 298.5 |  |  | $ | 236.5 |
Raw materials | 327.5 |  |  | 274.8 |
Work in process | 148.5 |  |  | 105.0 |
Total inventories | $ | 774.5 |  |  | $ | 616.3 |
| March 31, 2022 |  | December 31, 2021
Property, plant and equipment, net |  |  |
Machinery and equipment | $ | 384.4 |  |  | $ | 373.6 |
Buildings | 302.1 |  |  | 304.8 |
Land | 45.0 |  |  | 42.1 |
Construction in progress | 36.1 |  |  | 34.8 |
Property, plant and equipment, at cost | 767.6 |  |  | 755.3 |
Less: Accumulated depreciation | (282.3) |  |  | (266.0) |
Property, plant and equipment, net | $ | 485.3 |  |  | $ | 489.3 |
| March 31, 2022 |  | December 31, 2021
Accrued expenses and other liabilities |  |  |
Deferred revenue | $ | 293.9 |  |  | $ | 238.9 |
Accrued payroll and other employee compensation | 110.8 |  |  | 125.8 |
Restructuring (see Note 5) | 22.4 |  |  | 34.0 |
Operating lease liabilities | 44.0 |  |  | 42.1 |
Product warranty | 28.2 |  |  | 30.0 |
Contract liabilities (see Note 4) | 60.3 |  |  | 52.1 |
Tax Receivable Agreement (see Note 9) | 100.0 |  |  | 100.0 |
Other | 312.7 |  |  | 330.5 |
Total | $ | 972.3 |  |  | $ | 953.4 |
| 2022 |  | 2021
Change in product warranty accrual |  |  |
Beginning balance, January 1 | $ | 30.0 |  |  | $ | 36.5 |
Provision charge to expense | 2.5 |  |  | 6.4 |
Paid/utilized | (4.3) |  |  | (6.1) |
Ending balance, March 31, | $ | 28.2 |  |  | $ | 36.8 |

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

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Other Supplemental Balance Sheet Information + References No definition available. + Details
Name: | vrt_OtherSupplementalBalanceSheetInformationTableTextBlock
Namespace Prefix: | vrt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration