Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The details of the earnings per share calculations for the years ended December 31, 2021, 2020, and 2019 are as follows (in millions, except per share and per share amounts):

	Year Ended December 31,
	2021		2020(1)		2019
Net income (loss)	$	119.6	$	(327.3)	$	(140.8)
Weighted-average number of common shares outstanding - basic	355,544,632		307,076,397		118,261,955
Dilutive effect of equity-based compensation and warrants	4,595,691		—		—
Weighted-average number of common shares outstanding - diluted	360,140,323		307,076,397		118,261,955
Net income per share
Basic	$	0.34	$	(1.07)	$	(1.19)
Diluted	0.33		(1.07)		(1.19)

(1)The Business Combination was accounted for as a reverse capitalization in accordance with U.S. GAAP. See "Description of the Business" in "Note 1 - Summary of Significant Accounting Policies." Accordingly, weighted-average shares outstanding for purposes of the earnings per share calculation have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination (1.0 Vertiv Holdings share to 118.261955 Vertiv Holdings Co shares).