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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 2,358.2 $ 1,872.1 $ 4,045.1 $ 3,190.1
Cost of products sold 1,708.0 1,354.7 2,955.4 2,339.9
Gross profit 650.2 517.4 1,089.7 850.2
Operating expense:        
Selling, general and administrative 355.4 296.3 664.7 564.1
Depreciation 18.9 15.1 36.4 29.7
Amortization 21.5 25.2 42.9 52.8
Total operating expense 395.8 336.6 744.0 646.6
Income (loss) from operations 254.4 180.8 345.7 203.6
Interest expense, financing costs, and other 18.9 23.2 35.5 51.8
Loss on debt extinguishment 0.0 50.7 0.0 [1] 60.2 [1]
Income (loss) from continuing operations before income taxes 235.5 106.9 310.2 91.6
Provision for (benefit from) income taxes 61.0 27.1 79.9 22.3
Net income (loss) from continuing operations 174.5 79.8 230.3 69.3
Net Income (loss) from discontinued operations [2] 0.0 (3.3) 0.0 0.9
Net income (loss) 174.5 76.5 230.3 70.2
Dividends on Preferred Stock 6.0 6.0 12.0 12.0
Net income (loss) attributable to common stockholders $ 168.5 $ 70.5 $ 218.3 $ 58.2
Weighted-average common stock outstanding:        
Basic (in shares) [3] 68.1 69.9 69.1 69.8
Diluted ( in shares) [3] 69.5 71.3 70.4 71.0
Net income (loss) per share:        
Basic - Continuing operations (usd per share) [3] $ 2.17 $ 0.93 $ 2.77 $ 0.72
Basic - Discontinued operations ( usd per share) [3] 0 (0.04) 0 0.01
Basic net income (loss) ( usd per share) [3] 2.17 0.89 2.77 0.73
Diluted - Continuing operations (usd per share) [3] 2.12 0.91 2.72 0.71
Diluted - Discontinued operations ( usd per share) [3] 0 (0.04) 0 0.01
Diluted net income (loss) (usd per share) [3] $ 2.12 $ 0.87 $ 2.72 $ 0.72
[1] Unless otherwise noted, amounts include both continuing and discontinued operations.
[2] See Note 4 for additional information.
[3] See Note 6 for detailed calculations and further discussion.