XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales        
Net sales $ 2,638.1 $ 1,952.8 $ 4,674.1 $ 3,591.9
Costs and expenses        
Cost of sales 1,741.5 1,211.6 3,091.0 2,284.3
Operating expenses        
Selling, general and administrative expenses 395.6 363.8 741.9 677.8
Amortization of intangibles 46.9 45.8 92.9 91.8
Restructuring costs 1.9 (2.5) 3.0 (2.2)
Foreign currency (gain) loss, net 2.3 0.2 4.9 3.4
Other operating expense (income) 7.5 (2.1) 7.3 (1.8)
Operating profit (loss) 442.4 336.0 733.1 538.6
Interest expense, net 21.3 44.8 46.6 83.8
Loss on extinguishment of debt 0.0 1.1 0.0 1.1
Change in fair value of warrant liabilities 0.0 25.4 0.0 202.0
Income (loss) before income taxes 421.1 264.7 686.5 251.7
Income tax expense (benefit) 96.9 86.6 197.8 79.5
Net income (loss) $ 324.2 $ 178.1 $ 488.7 $ 172.2
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.85 $ 0.48 $ 1.28 $ 0.46
Diluted (in dollars per share) $ 0.83 $ 0.46 $ 1.25 $ 0.44
Weighted-average shares outstanding:        
Basic (in shares) 381,482,996 374,734,093 381,166,015 376,934,638
Diluted (in shares) 389,846,827 384,488,069 389,977,516 387,001,428
Products        
Net sales        
Net sales $ 2,166.0 $ 1,555.2 $ 3,815.7 $ 2,825.5
Costs and expenses        
Cost of sales 1,470.3 963.0 2,582.4 1,809.3
Services        
Net sales        
Net sales 472.1 397.6 858.4 766.4
Costs and expenses        
Cost of sales $ 271.2 $ 248.6 $ 508.6 $ 475.0