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Income taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Significant Components of the Provisions for Income Taxes Attributable to Operations

Significant components of income taxes attributable to operations consist of the following:

			Year Ended December 31,
			2024						2023						2022
Current
Federal			$	4.4					$	(0.6)					$	(9.4)
State			1.4						0.5						1.9
International			47.4						36.7						33.8
Total current			53.2						36.6						26.3
Deferred
Federal			(4.4)						(2.0)						(37.7)
State			—						(1.2)						(3.2)
International			(1.1)						(4.1)						7.2
Total deferred			(5.5)						(7.3)						(33.7)
Income tax (benefit) provision			$	47.7					$	29.3					$	(7.4)

Schedule of Deferred Tax Assets and Liabilities

The Company's net deferred tax liability consists of the following:

			December 31,
			2024						2023
Deferred tax assets
Federal losses carryforward			$	108.7					$	58.7
State losses carryforward			67.1						38.9
R&D carryforward			22.6						21.9
Stock compensation			4.6						6.8
Foreign losses carryforward			14.4						13.9
Inventory reserves			10.1						12.6
Lease liability			3.3						4.3
IRC 263A capitalized costs			1.3						2.8
Capitalized R&D			38.2						35.3
IRC 163(j) Interest Limitation			44.6						26.2
Fixed assets			14.2						26.7
Intangible assets			13.4						13.8
Accrued compensation			0.3						2.8
Other			3.4						4.8
Gross deferred tax assets			346.2						269.5
Valuation allowance			(339.0)						(257.8)
Total deferred tax assets			7.2						11.7
Deferred tax liabilities
Fixed assets			(1.8)						(2.6)
Intangible assets			(38.1)						(40.4)
Right-of-use asset			(3.1)						(4.0)
Foreign Withholding Tax			(1.2)						(5.5)
Prepaid expenses			(4.1)						(4.2)
Other			(0.6)						(2.2)
Total deferred tax liabilities			(48.9)						(58.9)
Net deferred tax liabilities			$	(41.7)					$	(47.2)

Schedule of Unrecognized Tax Benefits Activity

Income taxes differ from the amount of taxes determined by applying the U.S. federal statutory rate to income before taxes as a result of the following:

			Year Ended December 31,
			2024						2023						2022
U.S.			$	(355.5)					$	(805.1)					$	(442.6)
International			212.6						73.9						224.0
Loss before income taxes			(142.9)						(731.2)						(218.6)
Federal tax at statutory rates			$	(30.0)					$	(153.6)					$	(46.0)
State taxes, net of federal benefit			(28.6)						(52.7)						(13.5)
Impact of foreign operations			1.5						(8.5)						(7.2)
Change in valuation allowance			80.2						193.6						37.8
Tax credits			(0.2)						(0.9)						(3.5)
Pillar Two tax			6.8						—						—
Stock compensation			4.1						6.8						4.7
Goodwill Impairments			—						23.3						1.8
Adjustment of prior year taxes			0.4						1.3						(1.8)
Compensation limitation			1.7						0.3						0.7
Unrecognized tax benefit			(3.5)						(0.6)						(9.0)
Impact of divestitures			(3.9)						1.0						—
GILTI, net			15.8						17.8						20.7
Foreign withholding tax			3.5						0.8						4.7
Permanent differences			(0.1)						0.7						3.2
Income tax (benefit) provision			$	47.7					$	29.3					$	(7.4)

Reconciliation of Income Before the Provision for Income Taxes

The table below presents the gross unrecognized tax benefits activity for the years ended December 31, 2024, 2023 and 2022:

			Year Ended December 31,
			2024						2023						2022
Gross unrecognized tax benefits, beginning of period			$	6.6					$	6.8					$	12.7
Increases (decreases) for tax positions for prior years			—						0.4						(1.5)
Increases for tax positions for current year			—						0.1						0.7
Settlements			(2.3)						—						—
Lapse of statute of limitations			(2.6)						(0.7)						(5.1)
Gross unrecognized tax benefits, end of period			$	1.7					$	6.6					$	6.8

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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