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v3.25.1

Segment information - Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Revenues: |  |  |
Revenue |  | $ 222.2 | $ 300.4
Cost of sales reportable segments: |  |  |
Cost of goods and services sold | [1] | 88.5 | 144.6
Segment, Reconciliation of Other Items from Segments to Consolidated [Abstract] |  |  |
Amortization of intangible assets |  | (16.3) | (16.2)
Changes in fair value of financial instruments |  | 0.0 | (0.5)
Research and development |  | (15.1) | (15.1)
Selling, general and administrative |  | (52.4) | (84.7)
Interest expense |  | (14.7) | (24.3)
Other, net |  | 69.7 | (3.4)
Income before income taxes |  | 92.7 | 12.1
Restructuring costs |  | (1.3) | (0.5)
Operating Segments |  |  |
Revenues: |  |  |
Revenue |  | 201.9 | 273.9
Cost of sales reportable segments: |  |  |
Cost of goods and services sold |  | 73.7 | 113.9
Segment adjusted gross margin reportable segments: |  | 128.2 | 160.0
Segment, Reconciliation of Other Items from Segments to Consolidated [Abstract] |  |  |
All other revenues less other costs of revenue |  | 6.5 | (3.8)
Amortization of intangible assets |  | (16.3) | (16.2)
Restructuring costs |  | 0.8 | 0.1
Inventory step-up provision |  | (1.8) | 0.0
Changes in fair value of financial instruments |  | 0.0 | (0.5)
Research and development |  | (15.1) | (15.1)
Selling, general and administrative |  | (52.4) | (84.7)
Interest expense |  | (14.7) | (24.3)
Loss on assets held for sale |  | (12.2) | 0.0
Other, net |  | 69.7 | (3.4)
Income before income taxes |  | 92.7 | 12.1
Restructuring costs |  | (0.9) | (0.3)
All other revenues |  |  |
Revenues: |  |  |
Revenue |  | 20.3 | 26.5
Commercial Products | Operating Segments |  |  |
Revenues: |  |  |
Revenue |  | 45.3 | 118.5
Cost of sales reportable segments: |  |  |
Cost of goods and services sold |  | 24.5 | 52.1
Segment adjusted gross margin reportable segments: |  | 20.8 | 66.4
MCM Products | Operating Segments |  |  |
Revenues: |  |  |
Revenue |  | 156.6 | 155.4
Cost of sales reportable segments: |  |  |
Cost of goods and services sold |  | 49.2 | 61.8
Segment adjusted gross margin reportable segments: |  | 107.4 | 93.6
Segment, Reconciliation of Other Items from Segments to Consolidated [Abstract] |  |  |
Inventory step-up provision |  | (1.8) |
Changes in fair value of financial instruments |  |  | (0.5)
Restructuring costs |  | $ (0.8) | $ (0.1)
[1] | (1) Exclusive of intangible asset amortization

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