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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Common Share Capital
Treasury Share Capital
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2022   377,368,837 0      
Beginning balance at Dec. 31, 2022 $ 1,441.9 $ 0.0 $ 0.0 $ 2,630.7 $ (1,142.6) $ (46.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 50.3       50.3  
Exercise of employee stock options (in shares)   246,653        
Exercise of employee stock options 2.2     2.2    
Stock-based compensation, net of withholding for tax (in shares) [1]   14,730        
Stock-based compensation, net of withholding for tax [1] 5.4     5.4    
Employee 401K match with Vertiv stock (in shares)   135,245        
Employee 401K match with Vertiv stock 2.1     2.1    
Exercise of warrants (in shares) [2]   1,368,194        
Exercise of warrants [2] 21.6     21.6    
Other comprehensive income (loss), net of tax 27.3         27.3
Ending balance (in shares) at Mar. 31, 2023   379,133,659 0      
Ending balance at Mar. 31, 2023 $ 1,550.8 $ 0.0 $ 0.0 2,662.0 (1,092.3) (18.9)
Beginning balance (in shares) at Dec. 31, 2023 381,788,876 381,788,876 0      
Beginning balance at Dec. 31, 2023 $ 2,014.9 $ 0.0 $ 0.0 2,711.3 (691.9) (4.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (5.9)       (5.9)  
Exercise of employee stock options (in shares)   1,109,113        
Exercise of employee stock options 14.4     14.4    
Stock-based compensation, net of withholding for tax (in shares) [3]   102,833        
Stock-based compensation, net of withholding for tax [3] 17.3     17.3    
Employee 401K match with Vertiv stock (in shares)   44,968        
Employee 401K match with Vertiv stock 2.2     2.2    
Dividends (9.3)       (9.3)  
Repurchases of common stock (in shares)   (9,076,444) (9,076,444)      
Repurchase of common stock (605.9)   $ (605.9)      
Other comprehensive income (loss), net of tax $ (34.3)         (34.3)
Ending balance (in shares) at Mar. 31, 2024 373,969,346 373,969,346 9,076,444      
Ending balance at Mar. 31, 2024 $ 1,393.4 $ 0.0 $ (605.9) $ 2,745.2 $ (707.1) $ (38.8)
[1] Net stock compensation activity includes 14,730 shares withheld for taxes valued at $0.1 and stock-based compensation of $5.5.
[2] On February 24, 2023, GS Sponsor LLC elected to exercise 5,266,666 warrants on a cashless basis pursuant to the agreement governing the warrants, in exchange for which the Company issued 1,368,194 shares of Class A common stock.
[3] Net stock compensation activity includes 146,095 vested shares offset by 43,262 shares withheld for taxes valued at $3.0 and stock-based compensation of $9.2.