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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net sales        
Net sales $ 2,675.8 $ 2,073.5 $ 7,349.9 $ 5,665.4
Costs and expenses        
Cost of sales 1,665.1 1,317.1 4,756.1 3,601.4
Operating expenses        
Selling, general and administrative expenses 414.3 334.6 1,156.2 1,012.4
Amortization of intangibles 48.2 45.3 141.1 137.1
Restructuring costs 30.7 6.3 33.7 4.1
Foreign currency (gain) loss, net 0.9 5.3 5.8 8.7
Other operating expense (income) (0.1) (6.7) 7.2 (8.5)
Operating profit (loss) 516.7 371.6 1,249.8 910.2
Interest expense, net 22.8 35.9 69.4 119.7
Loss on extinguishment of debt 1.7 0.0 1.7 1.1
Change in fair value of warrant liabilities 0.0 67.2 0.0 269.2
Income (loss) before income taxes 492.2 268.5 1,178.7 520.2
Income tax expense (benefit) 93.7 91.9 291.5 171.4
Net income (loss) $ 398.5 $ 176.6 $ 887.2 $ 348.8
Earnings (loss) per share:        
Basic (in dollars per share) $ 1.04 $ 0.47 $ 2.33 $ 0.93
Diluted (in dollars per share) $ 1.02 $ 0.46 $ 2.27 $ 0.90
Weighted-average shares outstanding:        
Basic (in shares) 382,025,408 375,203,364 381,455,627 376,353,335
Diluted (in shares) 390,928,669 384,316,065 390,257,902 386,106,229
Products        
Net sales        
Net sales $ 2,214.4 $ 1,653.7 $ 6,030.1 $ 4,479.2
Costs and expenses        
Cost of sales 1,398.4 1,066.3 3,980.8 2,875.6
Services        
Net sales        
Net sales 461.4 419.8 1,319.8 1,186.2
Costs and expenses        
Cost of sales $ 266.7 $ 250.8 $ 775.3 $ 725.8