v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 2,772.6 $ 2,584.3 $ 7,359.6 $ 6,820.3
Cost of products sold 2,042.2 1,911.7 5,472.3 5,069.6
Gross profit 730.4 672.6 1,887.3 1,750.7
Operating expense:        
Selling, general and administrative 430.2 374.3 1,230.2 1,071.3
Depreciation 28.8 23.1 80.8 65.6
Amortization 24.7 21.4 68.7 65.1
Total operating expense 483.7 418.8 1,379.7 1,202.0
Income (loss) from operations 246.7 253.8 507.6 548.7
Interest expense, financing costs and other, net 48.7 35.2 132.7 89.0
Loss on debt extinguishment 0.0 0.0 2.4 0.0
Income (loss) before provision for income taxes 198.0 218.6 372.5 459.7
Provision for (benefit from) income taxes 52.7 57.3 94.4 119.8
Net income (loss) 145.3 161.3 278.1 339.9
Reconciliation of net income (loss) to net income (loss) attributable to common stockholders:        
Net income (loss) 145.3 161.3 278.1 339.9
Dividends on Preferred Stock 0.0 (1.9) 0.0 (13.9)
Undistributed income allocated to participating securities 0.0 (7.6) 0.0 (34.3)
Repurchase Premium 0.0 (414.6) 0.0 (414.6)
Net income (loss) attributable to common stockholders $ 145.3 $ (262.8) $ 278.1 $ (122.9)
Weighted-average common shares outstanding:        
Basic (in shares) 62.0 63.2 62.8 63.7
Diluted ( in shares) 63.1 63.2 63.9 63.7
Net income (loss) per common share:        
Basic (in usd per share) $ 2.34 $ (4.16) $ 4.43 $ (1.93)
Diluted (in usd per share) $ 2.30 $ (4.16) $ 4.35 $ (1.93)