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Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Arrangement Activity

We granted the following awards under our stock compensation plans during the periods presented (in millions, except per share data):

												Three Months Ended March 31,
																		2024									2023
																								Shares Granted			Weighted-average grant date fair value per share						Shares Granted			Weighted-average grant date fair value per share
Restricted stock units																								1.0			$	13.30					0.6			$	23.46
Performance based restricted share unit awards(1)																								1.0			$	19.01					0.6			$	36.58
Total																								2.0									1.2
(1) Weighted-average grant date fair value per share determined using Monte-Carlo valuation method.

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Share-based compensation expense by award-type, net of estimated forfeitures, recognized in the condensed consolidated statement of operations for the periods presented was (in millions):

												Three Months Ended March 31,
																		2024						2023
Stock options																		$	—					$	0.1
Restricted stock units																		4.8						4.6
Restricted stock awards																		—						0.2
Performance based restricted share unit awards																		8.3						7.5
Cash-settled restricted stock																		1.1						—
Share-based compensation expense, before tax																		14.2						12.4
Income tax benefit																		(3.4)						(3.0)
Share-based compensation expense, after tax																		$	10.8					$	9.4

Share-based compensation, net of estimated forfeitures, recognized in the condensed consolidated statement of operations for the periods presented was (in millions):

									Three Months Ended March 31,
															2024						2023
Cost of products															$	0.5					$	0.4
Selling, general and administrative expense															12.4						10.8
Research and development expense															0.5						0.5
Other venue expense															0.8						0.7
Share-based compensation expense, before tax															14.2						12.4
Income tax benefit															(3.4)						(3.0)
Share-based compensation expense, after tax															$	10.8					$	9.4

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- References

No definition available.

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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