v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The basic and diluted EPS computations for our ordinary shares are calculated as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Basic EPS
Net income (loss)$(72.0)$(304.3)$(175.9)$(379.3)
Dividends on preferred shares— 12.5 — 31.3 
Net income (loss) attributable to ordinary shares$(72.0)$(316.8)$(175.9)$(410.6)
Weighted average shares, basic681.3 685.6 685.5 676.2 
Basic EPS$(0.11)$(0.46)$(0.26)$(0.61)
Diluted EPS
Net income (loss) attributable to ordinary shares, diluted$(72.0)$(316.8)$(175.9)$(410.6)
Weighted average shares, basic681.3 685.6 685.5 676.2 
Weighted average effect of potentially dilutive shares— — — — 
Weighted average shares, diluted681.3 685.6 685.5 676.2 
Diluted EPS$(0.11)$(0.46)$(0.26)$(0.61)
Potential ordinary shares on a gross basis of 23.5 and 22.5 related to share-based awards and private placement warrants were excluded from diluted EPS for the three months ended June 30, 2025 and 2024, respectively, as their inclusion would have been antidilutive. Potential ordinary shares on a gross basis of 18.8 and 26.2 related to share-based awards and private placement warrants were excluded from diluted EPS for the six months ended June 30, 2025 and 2024, respectively, as their inclusion would have been antidilutive.
As a result of the MCPS conversion described in Note 7 - Shareholders' Equity, during the three and six months ended June 30, 2024, the converted MCPS shares were included in basic EPS for the period subsequent to the conversion. Prior to the conversion, the MCPS shares were evaluated for inclusion in diluted EPS using the if-converted method and, in each period presented, were excluded from diluted EPS as their inclusion would have been antidilutive.