v3.24.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of EPS, Weighted Average Common Shares and Potential Common Shares Outstanding .

The following table presents the basis for the EPS computations (in millions, except per share data):

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(851.3

)

 

$

(1,184.7

)

 

$

(350.0

)

Loss from discontinued operations, net of tax

 

 

(599.6

)

 

 

(102.2

)

 

 

(112.6

)

Net loss

 

$

(1,450.9

)

 

$

(1,286.9

)

 

$

(462.6

)

Dividends on Series A convertible preferred stock

 

 

(61.8

)

 

 

(59.0

)

 

 

(57.3

)

Net loss attributable to common stockholders

 

$

(1,512.7

)

 

$

(1,345.9

)

 

$

(519.9

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding – basic

 

 

210.9

 

 

 

207.4

 

 

 

203.6

 

Dilutive effect of as-if converted Series A convertible preferred stock

 

 

—

 

 

 

—

 

 

 

—

 

Dilutive effect of equity-based awards

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average common shares outstanding – diluted

 

 

210.9

 

 

 

207.4

 

 

 

203.6

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

Loss from continuing operations per share

 

$

(4.33

)

 

$

(6.00

)

 

$

(2.00

)

Loss from discontinued operations per share

 

 

(2.84

)

 

 

(0.49

)

 

 

(0.55

)

Loss per share

 

$

(7.17

)

 

$

(6.49

)

 

$

(2.55

)

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

Loss from continuing operations per share

 

$

(4.33

)

 

$

(6.00

)

 

$

(2.00

)

Loss from discontinued operations per share

 

 

(2.84

)

 

 

(0.49

)

 

 

(0.55

)

Loss per share

 

$

(7.17

)

 

$

(6.49

)

 

 

(2.55

)