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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
Retained Earnings
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 activity, net of withholding for tax (in shares) [1]   102,833        
Stock-based compensation activity, 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, 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) 348.8          
Ending balance, treasury (in shares) at Sep. 30, 2024     0      
Ending balance (in shares) at Sep. 30, 2024   375,249,753        
Ending balance at Sep. 30, 2024 1,813.7 $ 0.0 $ 0.0 2,151.8 (371.2) 33.1
Beginning balance (in shares) at Mar. 31, 2024   373,969,346        
Beginning balance at Mar. 31, 2024 1,393.4 $ 0.0 $ (605.9) 2,745.2 (707.1) (38.8)
Beginning balance, treasury (in shares) at Mar. 31, 2024     9,076,444      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 178.1       178.1  
Exercise of employee stock options (in shares)   693,261        
Exercise of employee stock options 9.2     9.2    
Stock-based compensation activity, net of withholding for tax (in shares) [2]   412,459        
Stock-based compensation activity, net of withholding for tax [2] (10.7)     (10.7)    
Employee 401K match with Vertiv stock (in shares)   38,061        
Employee 401K match with Vertiv stock 3.2     3.2    
Dividend (9.4)       (9.4)  
Retirement of treasury stock (in shares)     (9,076,444)      
Retirement of treasury stock     $ 605.9 (605.9)    
Other comprehensive income (loss), net of tax (26.3)         (26.3)
Ending balance, treasury (in shares) at Jun. 30, 2024     0      
Ending balance (in shares) at Jun. 30, 2024   375,113,127        
Ending balance at Jun. 30, 2024 1,537.5 $ 0.0 $ 0.0 2,141.0 (538.4) (65.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 176.6       176.6  
Exercise of employee stock options (in shares)   100,303        
Exercise of employee stock options 1.4     1.4    
Stock-based compensation activity, net of withholding for tax (in shares) [3]   10,299        
Stock-based compensation activity, net of withholding for tax [3] 7.0     7.0    
Employee 401K match with Vertiv stock (in shares)   26,024        
Employee 401K match with Vertiv stock 2.4     2.4    
Dividend (9.4)       (9.4)  
Other comprehensive income (loss), net of tax 98.2         98.2
Ending balance, treasury (in shares) at Sep. 30, 2024     0      
Ending balance (in shares) at Sep. 30, 2024   375,249,753        
Ending balance at Sep. 30, 2024 $ 1,813.7 $ 0.0 $ 0.0 2,151.8 (371.2) 33.1
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   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) [4]   169,340        
Stock-based compensation activity, net of withholding for tax [4] 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, 2024 380,703,974 380,703,974        
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) $ 887.2          
Ending balance (in shares) at Sep. 30, 2025 382,258,808 382,258,808        
Ending balance at Sep. 30, 2025 $ 3,508.7 $ 0.0   2,883.2 606.3 19.2
Beginning balance (in shares) at Mar. 31, 2025   381,001,144        
Beginning balance at Mar. 31, 2025 2,666.4 $ 0.0   2,829.6 (88.0) (75.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 324.2       324.2  
Exercise of employee stock options (in shares)   733,437        
Exercise of employee stock options 11.7     11.7    
Stock-based compensation activity, net of withholding for tax (in shares) [5]   7,784        
Stock-based compensation activity, net of withholding for tax [5] 13.0     13.0    
Employee 401K match with Vertiv stock (in shares)   61,463        
Employee 401K match with Vertiv stock 3.9     3.9    
Dividend (14.2)       (14.2)  
Other comprehensive income (loss), net of tax 120.4         120.4
Ending balance (in shares) at Jun. 30, 2025   381,803,828        
Ending balance at Jun. 30, 2025 3,125.4 $ 0.0   2,858.2 222.0 45.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 398.5       398.5  
Exercise of employee stock options (in shares)   415,849        
Exercise of employee stock options 9.0     9.0    
Stock-based compensation activity, net of withholding for tax (in shares) [6]   16,106        
Stock-based compensation activity, net of withholding for tax [6] 13.2     13.2    
Employee 401K match with Vertiv stock (in shares)   23,025        
Employee 401K match with Vertiv stock 2.8     2.8    
Dividend (14.2)       (14.2)  
Other comprehensive income (loss), net of tax $ (26.0)         (26.0)
Ending balance (in shares) at Sep. 30, 2025 382,258,808 382,258,808        
Ending balance at Sep. 30, 2025 $ 3,508.7 $ 0.0   $ 2,883.2 $ 606.3 $ 19.2
[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 606,060 vested shares offset by 193,601 shares withheld for taxes valued at $18.1, stock-based compensation of $8.5, and forfeitures in employee incentive compensation of $1.1.
[3] Net stock compensation activity includes 15,583 vested shares offset by 5,284 shares withheld for taxes valued at $0.4, stock-based compensation of $8.1 and forfeitures in employee incentive compensation of $0.7.
[4] 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.
[5] Net stock compensation activity includes 12,562 vested shares offset by 4,778 shares withheld for taxes valued at $0.3 and stock-based compensation of $13.3.
[6] Net stock compensation activity includes 24,519 vested shares offset by 8,413 shares withheld for taxes valued at $1.0 and stock-based compensation of $14.2.