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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,386.9 $ 1,588.8 $ 2,555.3 $ 3,253.2
Cost of sales 839.3 1,019.9 1,605.5 2,054.1
Gross profit 547.6 568.9 949.8 1,199.1
Transition service agreement income 8.4 0.0 18.0 0.0
Operating expenses:        
Selling, general and administrative 210.3 230.0 410.0 462.0
Research and development 91.6 128.3 196.0 253.9
Amortization of purchased intangible assets 60.4 75.8 134.6 176.4
Restructuring costs, net 0.9 36.6 31.5 25.5
Total operating expenses 363.2 470.7 772.1 917.8
Operating income 192.8 98.2 195.7 281.3
Other income, net 3.7 1.7 2.6 7.0
Interest expense (167.5) (168.5) (335.2) (333.6)
Interest income 2.1 1.9 5.7 4.4
Income (loss) from continuing operations before income taxes 31.1 (66.7) (131.2) (40.9)
Income tax (expense) benefit 43.7 3.6 (56.1) 7.6
Income (loss) from continuing operations 74.8 (63.1) (187.3) (33.3)
Loss from discontinued operations, net of income tax (expense) benefit of $6.8, $(12.0), $(10.8) and $(8.2), respectively (30.4) (37.3) (127.5) (63.7)
Net income (loss) 44.4 (100.4) (314.8) (97.0)
Series A convertible preferred stock dividends (16.2) (15.3) (32.2) (30.4)
Net income (loss) attributable to common stockholders $ 28.2 $ (115.7) $ (347.0) $ (127.4)
Basic:        
Earnings (loss) from continuing operations per share $ 0.27 $ (0.37) $ (1.03) $ (0.3)
Loss from discontinued operations per share (0.14) (0.18) (0.6) (0.31)
Earnings loss per share 0.13 (0.55) (1.63) (0.61)
Diluted:        
Earnings (loss) from continuing operations per share 0.27 (0.37) (1.03) (0.3)
Loss from discontinued operations per share (0.14) (0.18) (0.6) (0.31)
Earnings (loss) per share $ 0.13 $ (0.55) $ (1.63) $ (0.61)
Weighted average shares outstanding:        
Basic 213.5 210.5 212.9 209.7
Diluted 215.5 210.5 212.9 209.7