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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales        
Net sales $ 1,952.8 $ 1,734.1 $ 3,591.9 $ 3,255.2
Costs and expenses        
Cost of sales 1,211.6 1,140.1 2,284.3 2,165.7
Operating expenses        
Selling, general and administrative expenses 363.8 327.6 677.8 636.3
Amortization of intangibles 45.8 45.4 91.8 90.6
Restructuring costs (2.5) 9.1 (2.2) 22.2
Foreign currency (gain) loss, net 0.2 7.5 3.4 10.6
Other operating expense (income) (2.1) (1.4) (1.8) (6.3)
Operating profit (loss) 336.0 205.8 538.6 336.1
Interest expense, net 44.8 46.9 83.8 93.7
Loss on extinguishment of debt 1.1 0.0 1.1 0.0
Change in fair value of warrant liabilities 25.4 46.0 202.0 41.8
Income (loss) before income taxes 264.7 112.9 251.7 200.6
Income tax expense (benefit) 86.6 29.7 79.5 67.1
Net income (loss) $ 178.1 $ 83.2 $ 172.2 $ 133.5
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.48 $ 0.22 $ 0.46 $ 0.35
Diluted (in dollars per share) $ 0.46 $ 0.22 $ 0.44 $ 0.35
Weighted-average shares outstanding:        
Basic (in shares) 374,734,093 379,938,365 376,934,638 379,039,072
Diluted (in shares) 384,488,069 382,351,210 387,001,428 381,116,189
Products        
Net sales        
Net sales $ 1,555.2 $ 1,360.4 $ 2,825.5 $ 2,546.9
Costs and expenses        
Cost of sales 981.0 912.9 1,827.3 1,732.4
Services        
Net sales        
Net sales 397.6 373.7 766.4 708.3
Costs and expenses        
Cost of sales $ 230.6 $ 227.2 $ 457.0 $ 433.3