UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Net sales | ||||
| Net sales | $ 3,274.3 | $ 2,638.1 | $ 5,923.8 | $ 4,674.1 |
| Costs and expenses | ||||
| Cost of sales | 2,039.4 | 1,741.5 | 3,689.2 | 3,091.0 |
| Operating expenses | ||||
| Selling, general and administrative expenses | 494.4 | 395.6 | 951.1 | 741.9 |
| Amortization of intangibles | 73.7 | 46.9 | 151.3 | 92.9 |
| Restructuring costs | (3.9) | 1.9 | (8.8) | 3.0 |
| Foreign currency (gain) loss, net | 3.9 | 2.3 | 2.3 | 4.9 |
| Other operating expense (income) | 28.9 | 7.5 | 60.7 | 7.3 |
| Operating profit (loss) | 637.9 | 442.4 | 1,078.0 | 733.1 |
| Interest expense (income), net | 17.4 | 21.3 | 13.0 | 46.6 |
| Loss on extinguishment of debt | 0.0 | 0.0 | 6.2 | 0.0 |
| Other non-operating expense (income) | 0.5 | 0.0 | 0.5 | 0.0 |
| Income (loss) before income taxes | 620.0 | 421.1 | 1,058.3 | 686.5 |
| Income tax expense (benefit) | 122.2 | 96.9 | 170.4 | 197.8 |
| Net income (loss) | $ 497.8 | $ 324.2 | $ 887.9 | $ 488.7 |
| Earnings (loss) per share: | ||||
| Basic (in dollars per share) | $ 1.29 | $ 0.85 | $ 2.31 | $ 1.28 |
| Diluted (in dollars per share) | $ 1.27 | $ 0.83 | $ 2.26 | $ 1.25 |
| Weighted-average shares outstanding: | ||||
| Basic (in shares) | 384,555,346 | 381,482,996 | 383,742,935 | 381,166,015 |
| Diluted (in shares) | 392,746,991 | 389,846,827 | 392,511,287 | 389,977,516 |
| Products | ||||
| Net sales | ||||
| Net sales | $ 2,646.7 | $ 2,166.0 | $ 4,782.5 | $ 3,815.7 |
| Costs and expenses | ||||
| Cost of sales | 1,667.8 | 1,470.3 | 3,016.2 | 2,582.4 |
| Services | ||||
| Net sales | ||||
| Net sales | 627.6 | 472.1 | 1,141.3 | 858.4 |
| Costs and expenses | ||||
| Cost of sales | $ 371.6 | $ 271.2 | $ 673.0 | $ 508.6 |
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amortization Of Intangible Assets, Excluding Costs of Sales No definition available.
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- Definition Cost And Expense No definition available.
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- Definition Weighted Average Shares Outstanding, Basic And Diluted No definition available.
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