CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions |
Total |
Adjustments |
Common Stock |
Common Stock
Adjustments
|
Additional Paid-in Capital |
Additional Paid-in Capital
Adjustments
|
Former Parent Investment |
Former Parent Investment
Adjustments
|
Accumulated Deficit |
Accumulated Deficit
Adjustments
|
Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss
Adjustments
|
| Beginning balance (in shares) at Dec. 31, 2021 |
|
|
0.0
|
0.0
|
|
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2021 |
$ 3,261.4
|
$ 0.8
|
$ 0.0
|
$ 0.0
|
$ 0.0
|
$ 0.0
|
$ 3,409.5
|
$ 0.5
|
$ 0.0
|
$ 0.0
|
$ (148.1)
|
$ 0.3
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
186.2
|
(6.7)
|
|
|
|
|
186.2
|
(6.7)
|
0.0
|
0.0
|
|
|
| Other comprehensive income (loss), net of tax |
(126.7)
|
0.9
|
|
|
|
|
|
|
|
|
(126.7)
|
0.9
|
| Net transfers from Former Parent |
19.1
|
2.4
|
|
|
|
|
19.1
|
2.4
|
|
|
|
|
| Ending balance (in shares) at Dec. 31, 2022 |
|
|
0.0
|
0.0
|
|
|
|
|
|
|
|
|
| Ending balance at Dec. 31, 2022 |
3,340.0
|
(2.6)
|
$ 0.0
|
$ 0.0
|
0.0
|
0.0
|
3,614.8
|
(3.8)
|
0.0
|
0.0
|
(274.8)
|
1.2
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
12.5
|
(4.9)
|
|
|
|
|
12.5
|
(4.9)
|
|
|
|
|
| Other comprehensive income (loss), net of tax |
19.1
|
0.2
|
|
|
|
|
|
|
|
|
19.1
|
0.2
|
| Net transfers from Former Parent |
31.2
|
4.6
|
|
|
|
|
31.2
|
4.6
|
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2023 |
|
|
0.0
|
0.0
|
|
|
|
|
|
|
|
|
| Ending balance at Mar. 31, 2023 |
3,402.8
|
(2.7)
|
$ 0.0
|
$ 0.0
|
0.0
|
0.0
|
3,658.5
|
(4.1)
|
0.0
|
0.0
|
(255.7)
|
1.4
|
| Beginning balance (in shares) at Dec. 31, 2022 |
|
|
0.0
|
0.0
|
|
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
3,340.0
|
(2.6)
|
$ 0.0
|
$ 0.0
|
0.0
|
0.0
|
3,614.8
|
(3.8)
|
0.0
|
0.0
|
(274.8)
|
1.2
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
43.3
|
(2.4)
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive income (loss), net of tax |
$ 51.1
|
0.6
|
|
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2023 |
88.8
|
|
88.8
|
0.0
|
|
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
$ 1,747.8
|
(3.3)
|
$ 0.1
|
$ 0.0
|
1,971.4
|
(5.1)
|
0.0
|
0.0
|
0.0
|
0.0
|
(223.7)
|
1.8
|
| Beginning balance (in shares) at Dec. 31, 2022 |
|
|
0.0
|
0.0
|
|
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
3,340.0
|
(2.6)
|
$ 0.0
|
$ 0.0
|
0.0
|
0.0
|
3,614.8
|
(3.8)
|
0.0
|
0.0
|
(274.8)
|
1.2
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
29.3
|
(3.3)
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive income (loss), net of tax |
(3.3)
|
1.0
|
|
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2023 |
|
|
88.8
|
0.0
|
|
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2023 |
1,690.5
|
(3.8)
|
$ 0.1
|
$ 0.0
|
1,982.5
|
(5.1)
|
0.0
|
0.0
|
(14.0)
|
(0.9)
|
(278.1)
|
2.2
|
| Beginning balance (in shares) at Dec. 31, 2022 |
|
|
0.0
|
0.0
|
|
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
3,340.0
|
(2.6)
|
$ 0.0
|
$ 0.0
|
0.0
|
0.0
|
3,614.8
|
(3.8)
|
0.0
|
0.0
|
(274.8)
|
1.2
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
(25.2)
|
(21.8)
|
|
|
|
|
43.3
|
(2.4)
|
(68.5)
|
(19.4)
|
|
|
| Other comprehensive income (loss), net of tax |
59.3
|
1.7
|
|
|
|
|
|
|
|
|
59.3
|
1.7
|
| Stock compensation |
26.6
|
|
|
|
26.6
|
|
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
|
88.8
|
|
|
|
|
|
|
|
|
|
| Net transfers from Former Parent |
$ (91.7)
|
(2.0)
|
|
|
|
|
(91.7)
|
(2.0)
|
|
|
|
|
| Ending balance (in shares) at Dec. 31, 2023 |
88.8
|
|
88.8
|
0.0
|
|
|
|
|
|
|
|
|
| Ending balance at Dec. 31, 2023 |
$ 1,714.1
|
(24.7)
|
$ 0.1
|
$ 0.0
|
1,998.0
|
(8.2)
|
0.0
|
0.0
|
(68.5)
|
(19.4)
|
(215.5)
|
2.9
|
| Beginning balance (in shares) at Mar. 31, 2023 |
|
|
0.0
|
0.0
|
|
|
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2023 |
3,402.8
|
(2.7)
|
$ 0.0
|
$ 0.0
|
0.0
|
0.0
|
3,658.5
|
(4.1)
|
0.0
|
0.0
|
(255.7)
|
1.4
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
30.8
|
2.5
|
|
|
|
|
30.8
|
2.5
|
|
|
|
|
| Other comprehensive income (loss), net of tax |
32.0
|
0.4
|
|
|
|
|
|
|
|
|
32.0
|
0.4
|
| Issuance of common stock (in shares) |
|
|
88.8
|
|
|
|
|
|
|
|
|
|
| Net transfers from Former Parent |
$ (122.9)
|
(3.5)
|
|
|
|
|
(122.9)
|
(3.5)
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2023 |
88.8
|
|
88.8
|
0.0
|
|
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
$ 1,747.8
|
(3.3)
|
$ 0.1
|
$ 0.0
|
1,971.4
|
(5.1)
|
0.0
|
0.0
|
0.0
|
0.0
|
(223.7)
|
1.8
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
(14.0)
|
(0.9)
|
|
|
|
|
|
|
(14.0)
|
(0.9)
|
|
|
| Other comprehensive income (loss), net of tax |
(54.4)
|
0.4
|
|
|
|
|
|
|
|
|
(54.4)
|
0.4
|
| Stock compensation |
11.1
|
|
|
|
11.1
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2023 |
|
|
88.8
|
0.0
|
|
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2023 |
$ 1,690.5
|
(3.8)
|
$ 0.1
|
$ 0.0
|
1,982.5
|
(5.1)
|
0.0
|
0.0
|
(14.0)
|
(0.9)
|
(278.1)
|
2.2
|
| Beginning balance (in shares) at Dec. 31, 2023 |
88.8
|
|
88.8
|
0.0
|
|
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 1,714.1
|
$ (24.7)
|
$ 0.1
|
$ 0.0
|
1,998.0
|
$ (8.2)
|
0.0
|
$ 0.0
|
(68.5)
|
$ (19.4)
|
(215.5)
|
$ 2.9
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
(101.0)
|
|
|
|
|
|
|
|
(101.0)
|
|
|
|
| Other comprehensive income (loss), net of tax |
(26.1)
|
|
|
|
|
|
|
|
|
|
(26.1)
|
|
| Stock compensation |
15.1
|
|
|
|
15.1
|
|
|
|
|
|
|
|
| Issuance of common stock (in shares) |
|
|
0.6
|
|
|
|
|
|
|
|
|
|
| Net share settlement tax payments from issuance of stock to employees |
(10.4)
|
|
|
|
(10.4)
|
|
|
|
|
|
|
|
| Other |
$ 0.2
|
|
|
|
0.2
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2024 |
89.4
|
|
89.4
|
|
|
|
|
|
|
|
|
|
| Ending balance at Mar. 31, 2024 |
$ 1,591.9
|
|
$ 0.1
|
|
$ 2,002.9
|
|
$ 0.0
|
|
$ (169.5)
|
|
$ (241.6)
|
|