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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales      
Net sales $ 6,863.2 $ 5,691.5 $ 4,998.1
Costs and expenses      
Cost of sales 4,462.7 4,075.4 3,475.4
Operating expenses      
Selling, general and administrative expenses 1,312.3 1,178.3 1,109.0
Amortization of intangibles 181.3 215.8 144.3
Restructuring costs 28.6 0.7 1.4
Foreign currency (gain) loss, net 16.0 3.7 3.2
Asset impairments 0.0 0.0 8.7
Other operating expense (income) (9.9) (5.8) (3.8)
Operating profit (loss) 872.2 223.4 259.9
Interest expense, net 180.1 147.3 90.6
Loss on extinguishment of debt 0.5 0.0 0.4
Gain on tax receivable agreement 0.0 0.0 (59.2)
Change in fair value of warrant liabilities 157.9 (90.9) 61.9
Income (loss) before income taxes 533.7 167.0 166.2
Income tax expense 73.5 90.4 46.6
Net income (loss) $ 460.2 $ 76.6 $ 119.6
Earnings (loss) per share:      
Basic (USD per share) $ 1.21 $ 0.20 $ 0.34
Diluted (USD per share) $ 1.19 $ (0.04) $ 0.33
Weighted-average shares outstanding      
Basic (in shares) 380,144,059 376,730,519 355,544,632
Diluted (in shares) 386,226,267 378,224,051 360,140,323
Products      
Net sales      
Net sales $ 5,406.1 $ 4,335.3 $ 3,694.6
Costs and expenses      
Cost of sales 3,575.7 3,219.1 2,699.7
Services      
Net sales      
Net sales 1,457.1 1,356.2 1,303.5
Costs and expenses      
Cost of sales $ 887.0 $ 856.3 $ 775.7