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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales        
Net sales $ 1,481.1 $ 1,228.9 $ 4,036.9 $ 3,587.6
Costs and expenses        
Cost of sales 1,051.8 847.2 2,932.5 2,438.6
Operating expenses        
Selling, general and administrative expenses 295.2 257.8 875.0 779.6
Amortization of intangibles 54.2 31.6 167.7 95.3
Restructuring costs (1.5) (3.8) 0.1 (0.7)
Foreign currency (gain) loss, net 0.2 4.9 1.8 2.1
Asset impairments 0.0 8.7 0.0 8.7
Other operating expense (income) 1.2 0.7 (1.2) 0.2
Operating profit (loss) 80.0 81.8 61.0 263.8
Interest expense, net 38.8 22.4 101.5 66.5
Loss on extinguishment of debt 0.0 0.0 0.0 0.4
Change in fair value of warrant liabilities 9.8 (32.5) (124.0) 52.3
Income (loss) before income taxes 31.4 91.9 83.5 144.6
Income tax expense 10.2 35.7 33.5 47.0
Net income (loss) $ 21.2 $ 56.2 $ 50.0 $ 97.6
Earnings (loss) per share:        
Basic (USD per share) $ 0.06 $ 0.16 $ 0.13 $ 0.28
Diluted (USD per share) $ 0.06 $ 0.15 $ (0.20) $ 0.27
Weighted-average shares outstanding:        
Basic (in shares) 377,016,981 352,482,900 376,531,805 351,439,095
Diluted (in shares) 377,444,002 363,198,701 378,038,809 355,974,628
Products        
Net sales        
Net sales $ 1,135.4 $ 894.8 $ 3,039.8 $ 2,625.1
Costs and expenses        
Cost of sales 838.5 653.4 2,301.7 1,870.4
Services        
Net sales        
Net sales 345.7 334.1 997.1 962.5
Costs and expenses        
Cost of sales $ 213.3 $ 193.8 $ 630.8 $ 568.2