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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ 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, 2023   381,788,876        
Beginning balance at Dec. 31, 2023 $ 2,014.9 $ 0.0 $ 0.0 $ 2,711.3 $ (691.9) $ (4.5)
Beginning balance, treasury (in shares) at Dec. 31, 2023     0      
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) [1]   102,833        
Stock-based compensation, net of withholding for tax [1] 17.3     17.3    
Employee 401K match with Vertiv stock (in shares)   44,968        
Employee 401K match with Vertiv stock 2.2     2.2    
Dividend (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, treasury (in shares) at Mar. 31, 2024     9,076,444      
Ending balance (in shares) at Mar. 31, 2024   373,969,346        
Ending balance at Mar. 31, 2024 $ 1,393.4 $ 0.0 $ (605.9) 2,745.2 (707.1) (38.8)
Beginning balance (in shares) at Dec. 31, 2024 380,703,974 380,703,974        
Beginning balance at Dec. 31, 2024 $ 2,434.3 $ 0.0 $ 0.0 2,821.4 (238.3) (148.8)
Beginning balance, treasury (in shares) at Dec. 31, 2024     0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 164.5       164.5  
Exercise of employee stock options (in shares)   109,017        
Exercise of employee stock options 1.3     1.3    
Stock-based compensation, net of withholding for tax (in shares) [2]   169,340        
Stock-based compensation, net of withholding for tax [2] 4.5     4.5    
Employee 401K match with Vertiv stock (in shares)   18,813        
Employee 401K match with Vertiv stock 2.4     2.4    
Dividend (14.2)       (14.2)  
Other comprehensive income (loss), net of tax $ 73.6         73.6
Ending balance, treasury (in shares) at Mar. 31, 2025     0      
Ending balance (in shares) at Mar. 31, 2025 381,001,144 381,001,144        
Ending balance at Mar. 31, 2025 $ 2,666.4 $ 0.0 $ 0.0 $ 2,829.6 $ (88.0) $ (75.2)
[1] Net stock compensation activity includes 146,095 vested shares offset by 43,262 shares withheld for taxes valued at $3.0, stock-based compensation of $9.2, and employee incentive compensation of $11.1 awarded in fully vested shares.
[2] Net stock compensation activity includes 239,098 vested shares offset by 69,758 shares withheld for taxes valued at $6.7 and stock-based compensation of $11.2.