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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Condensed Consolidated Statements of Operations        
Net sales $ 1,178.1 $ 1,269.3 $ 3,990.3 $ 3,529.0
Cost of sales 1,217.6 1,101.0 3,714.8 2,951.7
Gross profit (loss) (39.5) 168.3 275.5 577.3
Selling, general and administrative expenses 80.5 76.4 262.8 230.4
Equity in earnings of unconsolidated affiliates 22.8 17.1 83.8 70.2
Other charges 1.9 1.2 39.5 3.0
Operating income (loss) (99.1) 107.8 57.0 414.1
Interest expense, net 30.4 23.0 77.7 56.6
Acquisition purchase price hedge loss       22.0
Other expense (income), net 0.5 (0.1) 1.6 8.4
Income (loss) from continuing operations before income taxes (130.0) 84.9 (22.3) 327.1
Provision for (benefit from) income taxes (12.1) 5.5 41.4 48.9
Net income (loss) from continuing operations (117.9) 79.4 (63.7) 278.2
Net income (loss) from discontinued operations, net of income taxes (1.9) 13.7 (1.9) 38.0
Net income (loss) $ (119.8) $ 93.1 $ (65.6) $ 316.2
Earnings Per Share        
Weighted average shares- basic 35.2 38.8 36.3 38.7
Net income (loss) per share- basic: continuing operations $ (3.35) $ 2.04 $ (1.76) $ 7.19
Net income (loss) per share- basic: discontinued operations (0.06) 0.35 (0.05) 0.98
Net income (loss) per share- basic $ (3.41) $ 2.39 $ (1.81) $ 8.17
Weighted average shares- diluted 35.2 39.5 36.3 39.6
Net income (loss) per share- diluted: continuing operations $ (3.35) $ 2.01 $ (1.76) $ 7.03
Net income (loss) per share- diluted: discontinued operations (0.06) 0.35 (0.05) 0.96
Net income (loss) per share- diluted $ (3.41) $ 2.36 $ (1.81) $ 7.99