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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
shares in Millions, $ in Millions
Total
Preferred stock and fixed maturities
Total INNOVATE Stockholders' Equity (Deficit)
Total INNOVATE Stockholders' Equity (Deficit)
Preferred stock and fixed maturities
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Preferred stock and fixed maturities
Treasury Stock
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
 [1]
Non- controlling Interest
Temporary Equity
Temporary Equity
Preferred stock and fixed maturities
Beginning balance (in shares) at Dec. 31, 2020         76.7                
Beginning balance at Dec. 31, 2020 $ 600.2   $ 559.8   $ 0.1 $ 355.7   $ (4.2) $ (188.7) $ 396.9 $ 40.4    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Share-based compensation 2.4   2.4     2.4              
Fair value adjustment to redeemable noncontrolling interest 0.2   0.2     0.2              
Taxes paid in lieu of shares issued for share-based compensation (1.0)   (1.0)         (1.0)          
Preferred stock dividend (2.2)   (2.2)     (2.2)              
Issuance of common stock (in shares)         1.1                
Issuance of common and preferred stock 0.2   0.2     0.2              
Purchase of preferred stock by subsidiary (0.3)   (0.3)     (0.3)              
Transactions with noncontrolling interests (34.9)   (22.2)     (22.2)         (12.7) $ 9.4  
Other (1.7)   (3.2)     (3.2)         1.5    
Net (loss) income (229.5)   (227.5)           (227.5)   (2.0)    
Other comprehensive (loss) income (389.6)   (390.5)             (390.5) 0.9    
Ending balance (in shares) at Dec. 31, 2021         77.8                
Ending balance at Dec. 31, 2021 (56.2)   (84.3)   $ 0.1 330.6   (5.2) (416.2) 6.4 28.1    
Beginning balance at Dec. 31, 2020                       15.7  
Increase (Decrease) in Temporary Equity [Roll Forward]                          
Fair value adjustment to redeemable noncontrolling interest                       0.1  
Issuance of preferred stock   $ 19.1                   40.9 $ 19.1
Redemption of preferred shares                       (10.4)  
Transactions with noncontrolling interests (34.9)   (22.2)     (22.2)         (12.7) 9.4  
Net (loss) income                       (6.7)  
Ending balance at Dec. 31, 2021 68.1                     68.1  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Share-based compensation 2.4   2.4     2.4              
Fair value adjustment to redeemable noncontrolling interest 0.2   0.2     0.2              
Taxes paid in lieu of shares issued for share-based compensation (0.1)   (0.1)         (0.1)          
Stock dividends (4.0)   (2.7)     (2.7)         (1.3) (1.2)  
Spectrum warrant modification 3.1                   3.1    
Issuance of common stock (in shares)         1.0                
Issuance of common and preferred stock   (0.9)   $ (0.9)     $ (0.9)            
Transactions with noncontrolling interests 0.0   0.2     0.2         (0.2) 0.2  
Other 0.3   0.3     0.3              
Net (loss) income (35.1)   (35.9)           (35.9)   0.8    
Other comprehensive (loss) income (0.3)   (0.5)             (0.5) 0.2    
Ending balance (in shares) at Dec. 31, 2022         78.8                
Ending balance at Dec. 31, 2022 (90.6)   (121.3)   $ 0.1 330.1   $ (5.3) $ (452.1) $ 5.9 30.7    
Increase (Decrease) in Temporary Equity [Roll Forward]                          
Fair value adjustment to redeemable noncontrolling interest                       (0.2)  
Stock dividends (4.0)   (2.7)     (2.7)         (1.3) (1.2)  
Spectrum warrant modification 3.1                   3.1    
Issuance of preferred stock   $ 0.9                     $ 0.9
Transactions with noncontrolling interests 0.0   $ 0.2     $ 0.2         $ (0.2) 0.2  
Net (loss) income                       (6.9)  
Other comprehensive (loss) income                       0.1  
Ending balance at Dec. 31, 2022 $ 61.0                     $ 61.0  
[1] (a) Inclusive of other comprehensive (loss) income, foreign currency cumulative translation adjustments totaled $7.1 million and $7.3 million as of December 31, 2022 and 2021, respectively.