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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenue $ 1,637.3 $ 1,205.2
Cost of revenue 1,415.9 1,021.5
Gross profit 221.4 183.7
Operating expenses:    
Selling, general and administrative 180.1 168.3
Depreciation and amortization 27.2 25.4
Other operating loss 0.7 0.6
Income (loss) from operations 13.4 (10.6)
Other (expense) income:    
Interest expense (52.0) (59.1)
Loss on extinguishment of debt 0.0 (12.5)
Loss from equity investees (1.3) (2.8)
Other (expense) income, net (1.2) 4.3
Loss from continuing operations before income taxes (41.1) (80.7)
Income tax expense (0.9) (5.6)
Loss from continuing operations (42.0) (86.3)
Loss from discontinued operations (including net loss on disposal of $159.9 million for the year ended December 31, 2021) 0.0 (149.9)
Net loss (42.0) (236.2)
Net loss attributable to noncontrolling interest and redeemable noncontrolling interest 6.1 8.7
Net loss attributable to INNOVATE Corp. (35.9) (227.5)
Less: Preferred dividends and deemed dividends from conversions 4.9 2.2
Net loss attributable to common stockholders $ (40.8) $ (229.7)
Loss per common share - continuing operations - basic and diluted    
Basic (in usd per share) $ (0.53) $ (1.05)
Diluted (in usd per share) (0.53) (1.05)
Loss per common share - discontinued operations - basic and diluted    
Basic (in usd per share) 0 (1.93)
Diluted (in usd per share) 0 (1.93)
Loss per share - basic and diluted    
Basic (in usd per share) (0.53) (2.98)
Diluted (in usd per share) $ (0.53) $ (2.98)
Weighted average common shares outstanding - basic and diluted    
Basic (in shares) 77.5 77.1
Diluted (in shares) 77.5 77.1