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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Common Share Capital
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2024   380,703,974      
Beginning balance at Dec. 31, 2024 $ 2,434.3 $ 0.0 $ 2,821.4 $ (238.3) $ (148.8)
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 activity, net of withholding for tax (in shares) [1]   169,340      
Stock-based compensation activity, net of withholding for tax [1] 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 (in shares) at Mar. 31, 2025   381,001,144      
Ending balance at Mar. 31, 2025 $ 2,666.4 $ 0.0 2,829.6 (88.0) (75.2)
Beginning balance (in shares) at Dec. 31, 2025 382,553,680 382,553,680      
Beginning balance at Dec. 31, 2025 $ 3,941.3 $ 0.0 2,895.2 1,027.9 18.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 390.1     390.1  
Exercise of employee stock options (in shares)   1,268,993      
Exercise of employee stock options 23.5   23.5    
Stock-based compensation activity, net of withholding for tax (in shares)   114,813      
Stock-based compensation activity, net of withholding for tax [2] 5.4   5.4    
Employee 401K match with Vertiv stock (in shares)   16,625      
Employee 401K match with Vertiv stock 2.9   2.9    
Dividend (23.9)     (23.9)  
Other comprehensive income (loss), net of tax $ (94.4)       (94.4)
Ending balance (in shares) at Mar. 31, 2026 383,954,111 383,954,111      
Ending balance at Mar. 31, 2026 $ 4,244.9 $ 0.0 $ 2,927.0 $ 1,394.1 $ (76.2)
[1] 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.
[2] Net stock compensation activity includes 159,335 vested shares offset by 44,522 shares withheld for taxes valued at $11.6 and stock-based compensation of $17.0.