Quarterly Financial Information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Select quarterly financial information is presented in the tables below for the quarterly periods (in millions, except per share amounts):


2020	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales
Net sales - products	$	647.2	$	750.2	$	891.1	$	1,020.1
Net sales - services	250.1		255.5		270.9		285.4
Net sales	897.3		1,005.7		1,162.0		1,305.5
Costs and expenses
Cost of sales - products	463.2		515.3		596.7		715.1
Cost of sales - services	147.1		144.0		152.3		163.2
Cost of sales	610.3		659.3		749.0		878.3
Selling, general and administrative expenses	264.8		226.3		251.7		265.5
Loss on extinguishment of debt	174.0		—		—		—
Other deductions, net	34.4		49.5		126.2		41.6
Interest expense, net	68.9		30.1		26.4		25.0
Earnings (loss) before income taxes	(255.1)		40.5		8.7		95.1
Income tax expense	13.8		14.3		24.5		20.2
Net earnings (loss)	$	(268.9)	$	26.2	$	(15.8)	$	74.9

Earnings (loss) per share:
Basic	$	(1.12)	$	0.08	$	(0.05)	$	0.23
Diluted	$	(1.12)	$	0.08	$	(0.05)	$	0.22
Weighted-average shares outstanding
Basic	240,656,864		328,411,705		328,411,705		330,335,268
Diluted	240,656,864		331,136,080		328,411,705		345,136,798


2019	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales
Net sales - products	$	813.3	$	865.3	$	799.4	$	878.1
Net sales - services	241.5		268.8		271.3		293.4
Net sales	1,054.8		1,134.1		1,070.7		1,171.5
Costs and expenses
Cost of sales - products	566.2		613.6		561.4		607.9
Cost of sales - services	141.4		153.3		158.0		176.4
Cost of sales	707.6		766.9		719.4		784.3
Selling, general and administrative expenses	286.4		263.3		259.3		291.8
Loss on extinguishment of debt	—		—		—		—
Other deductions, net	38.8		28.1		31.6		47.5
Interest expense, net	77.8		78.7		77.7		76.2
Earnings (loss) before income taxes	(55.8)		(2.9)		(17.3)		(28.3)
Income tax expense (benefit)	18.5		16.0		(3.6)		5.6
Net earnings (loss)	$	(74.3)	$	(18.9)	$	(13.7)	$	(33.9)

Earnings (loss) per share:
Basic and diluted	$	(0.63)	$	(0.16)	$	(0.12)	$	(0.29)
Weighted-average shares outstanding
Basic and diluted	118,261,955		118,261,955		118,261,955		118,261,955