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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay versus Performance
As required by Item 402(v) of Regulation
S-K,
we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last four completed calendar years. In determining the “compensation actually paid” (“
CAP
”) to our NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table.
 
Year
  
Summary
Compensation
Total for
PEO($)
(1)
    
Compensation
Actually Paid
to PEO($)
(2)
    
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs($)
(3)
    
Average
Compensation
Actually Paid
to
Non-PEO

NEOs($)
(4)
    
Value of Initial Fixed $100
Investment Based On:
    
Net
Income($)
(6)
    
Adjusted
Operating
Profit($)
(6)
  
 
Total
Shareholder
Return($)
(5)
    
Peer Group
Total
Shareholder
Return($)
(5)
  
2023
     6,183,174       49,586,394       2,973,889       16,527,970       436.4       156.5       460.2M       1,053.5M  
2022
     8,033,521       (6,564,566 )      6,546,724       4,820,353       124.1       123.7       76.6M       439.2M  
2021
     5,180,837       13,610,394       1,798,692       4,039,817     226.6       153.0       119.6M       471M  
2020
     19,627,189       23,693,454       4,876,038       6,048,310       169.4       121.0       (327.3)M       342.2M  
 
(1)
The dollar amounts reported in this column are the amounts of total compensation reported for our Principal Executive Officer (“
PEO
”) for each corresponding year in the “Total” column of the Summary Compensation Table, which for 2023 was Mr. Albertazzi and for each of 2022, 2021 and 2020, was Rob Johnson.
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to our PEO for the applicable fiscal year, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to such executives during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments set forth below were made to the total compensation for each year to determine the compensation actually paid. Adjusted fair values have been determined using, as applicable, updated stock price and assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date.
 
 Fiscal Year
   
2020($)
     
2021($)
     
2022($)
     
2023($)
  
Total from Summary Compensation Table
      19,627,189        5,180,837        8,033,521        6,183,174  
- Amount reported in the Summary Compensation Table for Stock Awards and Option Awards
      (14,007,999 )       (3,999,997 )       (5,834,824 )       3,300,000  
+ Fair Value at
Fiscal Year-End of
Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
      18,074,264        6,381,812        7,113,759        16,686,183  
+/- Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications)
     
       5,266,261        (102,068 )       20,764,903  
- Fair Value at Prior
Fiscal Year-End
of Stock and Option Awards Forfeited during the Covered Year
     
      
       (12,272,807 )      
 
+/- Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     
       781,482        (3,502,147 )       2,652,134  
Compensation Actually Paid
      23,693,454        13,610,394        (6,564,566 )       49,586,394  
 
(3)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s
non-PEO
named executive officers (“
Non-PEO
 NEOs
”) as a group in the “Total” column of the Summary Compensation Table in each applicable year. For purposes of calculating the average amounts in each applicable year, the names of each of
the Non-PEO NEOs
are as follows: Giordano Albertazzi (2022), David Fallon (2023, 2022, 2021, 2020), Stephen Liang (2023, 2022, 2021, 2020), Anand Sanghi (2023), Anders Karlborg (2023), Phil Doherty (2022), Stephanie Gill (2021), Jason Forcier (2021, 2020) and John Hewitt (2020).
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the
Non-PEO
NEOs as a group in the applicable year as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the
Non-PEO
NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments set forth below were made to the average total compensation for the
Non-PEO
NEOs as a group for each year to determine the compensation actually paid, using the same methodology described in Note 2 above.
 
 Fiscal Year
   
2020($)
     
2021($)
     
2022($)
     
2023($)
  
Total from Summary Compensation Table
      4,876,038        1,798,692        6,546,724        2,973,889  
- Amount reported in the Summary Compensation Table for Stock Awards and Option Awards
      (3,146,798 )       (1,175,995 )       (5,483,200 )       1,610,995  
+ Fair Value at
Fiscal Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year (Including Dividend Equivalents)
      4,319,070        1,956,699        6,599,736        5,119,386  
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications)
     
       1,256,485        (2,250,235 )       6,649,679  
- Fair Value at Prior
Fiscal Year-End of
Stock and Option Awards Forfeited during the Covered Year
     
      
      
      
 
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     
       203,936        (592,672 )       174,021  
Compensation Actually Paid
      6,048,310        4,039,817        4,820,353        16,527,970  
 
(5)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. Peer group TSR shown in the table was based on the index we use for purposes of Item 201(e)(1)(ii) of Regulation
S-K.
If we used the Compensation Peer Group (with the list of companies provided in the “
Compensation Discussion and Analysis
” above), the peer group weighted TSR for the measurement periods shown in the table would have been 160.7, 131.8, 153.9 and 115.3 at the end of 2023, 2022, 2021 and 2020, respectively.
(6)
Dollar amounts reported represent (i) the amount of net income reflected in the Company’s audited financial statements for the applicable year and (ii) the amount of adjusted operating profit (
“AOP
”), which is
a non-GAAP measure
we used under the VIP for 2023. For an explanation and reconciliation of AOP, please see Annex A.
     
Company Selected Measure Name adjusted operating profit (“AOP”)      
Named Executive Officers, Footnote The dollar amounts reported in this column represent the average of the amounts reported for the Company’s
non-PEO
named executive officers (“
Non-PEO
 NEOs
”) as a group in the “Total” column of the Summary Compensation Table in each applicable year. For purposes of calculating the average amounts in each applicable year, the names of each of
the Non-PEO NEOs
are as follows: Giordano Albertazzi (2022), David Fallon (2023, 2022, 2021, 2020), Stephen Liang (2023, 2022, 2021, 2020), Anand Sanghi (2023), Anders Karlborg (2023), Phil Doherty (2022), Stephanie Gill (2021), Jason Forcier (2021, 2020) and John Hewitt (2020). 		     
Peer Group Issuers, Footnote Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. Peer group TSR shown in the table was based on the index we use for purposes of Item 201(e)(1)(ii) of Regulation
S-K.
If we used the Compensation Peer Group (with the list of companies provided in the “
Compensation Discussion and Analysis
” above), the peer group weighted TSR for the measurement periods shown in the table would have been 160.7, 131.8, 153.9 and 115.3 at the end of 2023, 2022, 2021 and 2020, respectively. 		     
PEO Total Compensation Amount $ 6,183,174 $ 8,033,521 $ 5,180,837 $ 19,627,189
PEO Actually Paid Compensation Amount $ 49,586,394 (6,564,566) 13,610,394 23,693,454
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to our PEO for the applicable fiscal year, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to such executives during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments set forth below were made to the total compensation for each year to determine the compensation actually paid. Adjusted fair values have been determined using, as applicable, updated stock price and assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date.
 
 Fiscal Year
   
2020($)
     
2021($)
     
2022($)
     
2023($)
  
Total from Summary Compensation Table
      19,627,189        5,180,837        8,033,521        6,183,174  
- Amount reported in the Summary Compensation Table for Stock Awards and Option Awards
      (14,007,999 )       (3,999,997 )       (5,834,824 )       3,300,000  
+ Fair Value at
Fiscal Year-End of
Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
      18,074,264        6,381,812        7,113,759        16,686,183  
+/- Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications)
     
       5,266,261        (102,068 )       20,764,903  
- Fair Value at Prior
Fiscal Year-End
of Stock and Option Awards Forfeited during the Covered Year
     
      
       (12,272,807 )      
 
+/- Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     
       781,482        (3,502,147 )       2,652,134  
Compensation Actually Paid
      23,693,454        13,610,394        (6,564,566 )       49,586,394  
     
Non-PEO NEO Average Total Compensation Amount $ 2,973,889 6,546,724 1,798,692 4,876,038
Non-PEO NEO Average Compensation Actually Paid Amount $ 16,527,970 4,820,353 4,039,817 6,048,310
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the
Non-PEO
NEOs as a group in the applicable year as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the
Non-PEO
NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the adjustments set forth below were made to the average total compensation for the
Non-PEO
NEOs as a group for each year to determine the compensation actually paid, using the same methodology described in Note 2 above.
 
 Fiscal Year
   
2020($)
     
2021($)
     
2022($)
     
2023($)
  
Total from Summary Compensation Table
      4,876,038        1,798,692        6,546,724        2,973,889  
- Amount reported in the Summary Compensation Table for Stock Awards and Option Awards
      (3,146,798 )       (1,175,995 )       (5,483,200 )       1,610,995  
+ Fair Value at
Fiscal Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year (Including Dividend Equivalents)
      4,319,070        1,956,699        6,599,736        5,119,386  
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications)
     
       1,256,485        (2,250,235 )       6,649,679  
- Fair Value at Prior
Fiscal Year-End of
Stock and Option Awards Forfeited during the Covered Year
     
      
      
      
 
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
     
       203,936        (592,672 )       174,021  
Compensation Actually Paid
      6,048,310        4,039,817        4,820,353        16,527,970  
     
Compensation Actually Paid vs. Total Shareholder Return

     
Compensation Actually Paid vs. Net Income

     
Compensation Actually Paid vs. Company Selected Measure

     
Total Shareholder Return Vs Peer Group

     
Tabular List, Table
Performance Measures.
Listed below are the financial
and non-financial performance
measures which in our assessment represent the most important financial performance measures we use to link compensation actually paid to our named executive officers, for 2023, to Company performance.
 
Measure
  
How We Used the Measure
Adjusted Operating Profit (AOP)
   Metric in VIP and Strategic Performance Awards
Adjusted Free Cash Flow
   Metric in VIP
Stock Price
   Used to determine exercise price of stock options and ultimate realized value of all equity awards
     
Total Shareholder Return Amount $ 436.4 124.1 226.6 169.4
Peer Group Total Shareholder Return Amount 156.5 123.7 153 121
Net Income (Loss) $ 460,200,000 $ 76,600,000 $ 119,600,000 $ (327,300,000)
Company Selected Measure Amount 1,053,500,000 439,200,000 471,000,000 342,200,000
PEO Name Mr. Albertazzi Rob Johnson Rob Johnson Rob Johnson
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted Operating Profit (AOP)      
Non-GAAP Measure Description Dollar amounts reported represent (i) the amount of net income reflected in the Company’s audited financial statements for the applicable year and (ii) the amount of adjusted operating profit (
“AOP
”), which is
a non-GAAP measure
we used under the VIP for 2023. For an explanation and reconciliation of AOP, please see Annex A. 		     
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Free Cash Flow      
Measure:: 3        
Pay vs Performance Disclosure        
Name Stock Price      
PEO | Amount reported in the Summary Compensation Table for Stock Awards and Option Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 3,300,000 $ (5,834,824) $ (3,999,997) $ (14,007,999)
PEO | Fair Value at Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 16,686,183 7,113,759 6,381,812 18,074,264
PEO | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 20,764,903 (102,068) 5,266,261  
PEO | Fair Value at Prior Fiscal YearEnd of Stock and Option Awards Forfeited during the Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (12,272,807)    
PEO | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,652,134 (3,502,147) 781,482  
Non-PEO NEO | Amount reported in the Summary Compensation Table for Stock Awards and Option Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,610,995 (5,483,200) (1,175,995) (3,146,798)
Non-PEO NEO | Fair Value at Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,119,386 6,599,736 1,956,699 $ 4,319,070
Non-PEO NEO | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,649,679 (2,250,235) 1,256,485  
Non-PEO NEO | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 174,021 $ (592,672) $ 203,936