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Unaudited condensed consolidated statements of cash flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 284.8 $ (582.6)
Reconciling adjustments:    
Depreciation and amortization 315.9 306.9
Impairment charges 0.0 785.0
Stock-based compensation expense 36.5 35.1
Non-cash restructuring charges 5.0 0.0
Provision for accounts receivable and inventory 46.2 43.4
Deferred income tax benefit (141.1) (41.9)
Amortization of deferred financing costs 5.3 6.6
Loss on extinguishment of debt 2.0 0.2
Foreign currency remeasurement (gain) loss (0.5) 0.7
Pension termination charges 0.0 18.1
Changes in assets and liabilities:    
Accounts receivable (68.3) 10.5
Inventory (90.8) (66.7)
Accounts payable 7.5 (4.4)
Accrued interest (15.8) (13.4)
Other assets and liabilities 42.9 (27.4)
Other 2.4 1.0
Net cash provided by operating activities 432.0 471.1
Cash flows from investing activities:    
Capital expenditures (110.0) (93.3)
Other 1.5 2.5
Net cash used in investing activities (108.5) (90.8)
Cash flows from financing activities:    
Debt borrowings 54.0 67.7
Debt repayments (280.6) (477.3)
Proceeds received from exercise of stock options 14.6 4.9
Shares repurchased to satisfy employee tax obligations for vested stock-based awards (5.0) (5.4)
Other (0.8) 0.0
Net cash used in financing activities (217.8) (410.1)
Effect of currency rate changes on cash and cash equivalents (6.8) 19.8
Net change in cash, cash equivalents and restricted cash 98.9 (10.0)
Cash, cash equivalents and restricted cash, beginning of period 368.3 264.7
Cash, cash equivalents and restricted cash, end of period $ 467.2 $ 254.7