XML 119 R104.htm IDEA: XBRL DOCUMENT v3.22.4
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance $ 1,417.7 $ 512.1 $ (704.8) [1]
Other comprehensive income (loss), net of tax (81.8) (15.9) 33.4
Ending balance 1,441.9 1,417.7 512.1
Recognized earnings $ (2.4) $ 10.5 $ 6.4
Non-U.S. Plans      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent
Foreign Currency Translation      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance $ 39.8 $ 104.9 $ 32.9
Other comprehensive income (loss), net of tax (196.8) (65.1) 72.0
Ending balance (157.0) 39.8 104.9
Interest Rate Swap      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 8.7 (32.8) 0.0
Other comprehensive income (loss), net of tax 101.5 41.5 (32.8)
Ending balance 110.2 8.7 (32.8)
Pension      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (12.9) (19.7) (14.8)
Other comprehensive income (loss), net of tax 13.5 6.8 (4.9)
Ending balance 0.6 (12.9) (19.7)
Tax Receivable Agreement      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 0.0 (0.9) 0.0
Other comprehensive income (loss), net of tax 0.0 (3.2) (0.9)
TRA settlement $ 0.0 $ 4.1 $ 0.0
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Tax receivable agreement Tax receivable agreement Tax receivable agreement
Ending balance $ 0.0 $ 0.0 $ (0.9)
Accumulated Other Comprehensive Income (Loss)      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 35.6 51.5 18.1 [1]
Ending balance $ (46.2) $ 35.6 $ 51.5
[1] The shares and earnings per share available to holders of the Company’s common shares, prior to the Business Combination, have been recasted as shares reflecting the exchange ratio established in the Business Combination (1.0 Vertiv Holdings share to 118.261955 Vertiv Holdings Co shares).