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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales        
Net sales $ 1,742.6 $ 1,481.1 $ 4,997.8 $ 4,036.9
Costs and expenses        
Cost of sales 1,115.0 1,051.8 3,280.7 2,932.5
Operating expenses        
Selling, general and administrative expenses 327.2 295.2 963.5 875.0
Amortization of intangibles 45.5 54.2 136.1 167.7
Restructuring costs 1.3 (1.5) 23.5 0.1
Foreign currency (gain) loss, net 2.7 0.2 13.3 1.8
Other operating expense (income) 0.0 1.2 (6.3) (1.2)
Operating profit (loss) 250.9 80.0 587.0 61.0
Interest expense, net 43.5 38.8 137.2 101.5
Change in fair value of warrant liabilities 61.6 9.8 103.4 (124.0)
Income (loss) before income taxes 145.8 31.4 346.4 83.5
Income tax expense 51.7 10.2 118.8 33.5
Net income (loss) $ 94.1 $ 21.2 $ 227.6 $ 50.0
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.25 $ 0.06 $ 0.60 $ 0.13
Diluted (in dollars per share) $ 0.24 $ 0.06 $ 0.59 $ (0.20)
Weighted-average shares outstanding:        
Basic (in shares) 380,899,419 377,016,981 379,666,002 376,531,805
Diluted (in shares) 388,240,664 377,444,002 383,832,268 378,038,809
Products        
Net sales        
Net sales $ 1,381.3 $ 1,135.4 $ 3,928.2 $ 3,039.8
Costs and expenses        
Cost of sales 894.2 838.5 2,626.6 2,301.7
Services        
Net sales        
Net sales 361.3 345.7 1,069.6 997.1
Costs and expenses        
Cost of sales $ 220.8 $ 213.3 $ 654.1 $ 630.8