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Condensed Consolidated and Combined Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 509.3 $ 559.8 $ 1,477.4 $ 1,637.3
Cost of goods sold 312.5 335.7 925.0 991.1
Gross profit 196.8 224.1 552.4 646.2
Selling, general and administrative 107.4 126.2 334.8 359.4
Research and development 10.5 11.8 33.1 36.2
Impairment of goodwill and trade names 220.5 0.0 220.5 0.0
Operating income (loss) (141.6) 86.1 (36.0) 250.6
Net interest expense 8.5 11.6 27.8 34.0
Other expense 0.7 0.9 2.2 2.8
Income (loss) before income taxes (150.8) 73.6 (66.0) 213.8
Provision (benefit) for income taxes (12.1) 13.7 28.3 36.6
Net income (loss) (138.7) 59.9 (94.3) 177.2
Comprehensive income (loss), net of tax        
Net income (loss) (138.7) 59.9 (94.3) 177.2
Changes in cumulative translation adjustment 1.2 (8.0) (15.7) (1.8)
Changes in market value of derivative financial instruments, net of tax (5.4) 2.3 6.8 8.8
Comprehensive income (loss) $ (142.9) $ 54.2 $ (103.2) $ 184.2
Earnings (loss) per ordinary share        
Basic pro forma earnings per ordinary share (in dollars per share) $ (0.82) $ 0.35 $ (0.56) $ 1.03
Diluted pro forma earnings per ordinary share (in dollars per share) $ (0.82) $ 0.35 $ (0.56) $ 1.02
Weighted average ordinary shares outstanding        
Basic (shares) 170.0 169.1 169.9 172.3
Diluted (shares) 170.0 170.3 169.9 173.8
Cash dividends paid per ordinary share (in usd per share) $ 0.175 $ 0.175 $ 0.525 $ 0.525