Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the years ended December 31, 2024, 2023, and 2022:

	Year Ended December 31, 2024										Year Ended December 31, 2023										Year Ended December 31, 2022
	Americas		EURAF			MEAP		Total			Americas		EURAF			MEAP		Total			Americas			EURAF			MEAP		Total
Revenues from external customers	$	1,197.6	$	616.0		$	364.4	$	2,178.0		$	1,211.2	$	669.6		$	347.0	$	2,227.8		$	1,013.0		$	761.5		$	258.0	$	2,032.5
Less: (a)
Cost of sales		962.1		541.1			299.8		1,803.0			973.6		557.8			271.2		1,802.6
Engineering, selling, and administration costs		127.8		119.0			24.4		271.2			123.0		118.8			23.2		265.0
Other segment items (b)		4.0		2.5			0.8		7.3			2.9		0.9			0.3		4.1
Segment operating income (loss)		103.7		(46.6	)		39.4		96.5			111.7		(7.9	)		52.3		156.1			(88.8	)		(3.2	)		40.2		(51.8	)
Reconciliation of segment operating income (loss)
Interest expense									(38.3	)									(33.9	)										(31.6	)
Amortization of deferred financing fees									(1.4	)									(1.3	)										(1.4	)
Other (income) expense - net									(0.4	)									(13.0	)										5.8
Unallocated amounts:
Other corporate expenses									(44.7	)									(63.6	)										(41.3	)
Restructuring (income) expense									—										(0.1	)										0.1
Income (loss) before income taxes								$	11.7									$	44.2										$	(120.2	)
Other Segment Disclosures
Depreciation and amortization (c)		33.4		23.6			2.8		59.8			32.1		22.1			2.4		56.6			35.4			20.1			2.2		57.7
Capital expenditures		17.7		25.1			2.9		45.7			46.5		28.5			2.4		77.4			32.0			27.7			2.1		61.8

(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(b)Other segment items for each reportable segment includes:

Americas — amortization expense and restructuring expense.

EURAF — restructuring expense.

MEAP — restructuring expense.

(c)The amount of depreciation and amortization disclosed by reportable segment are included within cost of sales or engineering, selling, and administration costs, as applicable.

Schedule of Net Sales and Property, Plant and Equipment by Geographic Area

Net sales by geographic area for the years ended December 31, 2024, 2023, and 2022 and property, plant, and equipment as of December 31, 2024 and 2023 are summarized as follows:

	Net Sales						Property, Plant, and Equipment
	2024		2023		2022		2024		2023
United States	$	1,060.7	$	1,039.9	$	906.4	$	170.5	$	158.1
Europe		598.7		641.9		740.1		154.3		183.8
Other		518.6		546.0		386.0		21.4		24.2
Total	$	2,178.0	$	2,227.8	$	2,032.5	$	346.2	$	366.1

Schedule of Net Sales By Product

New machine and non-new machine sales for the years ended December 31, 2024, 2023, and 2022 are summarized as follows:

	2024		2023		2022
New machine sales	$	1,548.9	$	1,615.1	$	1,487.2
Non-new machine sales		629.1		612.7		545.3
Total net sales	$	2,178.0	$	2,227.8	$	2,032.5