UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income Statement [Abstract] | ||||
| Sales | $ 1,445.1 | $ 1,026.6 | $ 2,474.9 | $ 2,020.5 |
| Cost of sales | 1,426.8 | 1,070.2 | 2,544.0 | 2,145.5 |
| Gross profit (loss) | 18.3 | (43.6) | (69.1) | (125.0) |
| Operating costs and expenses: | ||||
| Selling | 13.5 | 12.2 | 25.8 | 24.5 |
| General and administrative | 39.4 | 41.1 | 105.4 | 53.2 |
| Gain on sale of business | 0.0 | 0.0 | 0.0 | (62.2) |
| Other operating expense | 5.4 | 4.1 | 11.0 | 9.2 |
| Operating loss | (40.0) | (101.0) | (211.3) | (149.7) |
| Other income (expense): | ||||
| Interest expense | (52.0) | (52.9) | (103.1) | (111.4) |
| Debt extinguishment costs | 0.0 | (0.1) | (1.7) | (47.7) |
| Gain (loss) on derivative instruments | (26.0) | 4.3 | (141.4) | (2.9) |
| Other income (expense) | 0.9 | 2.0 | 2.5 | 2.4 |
| Total other income (expense) | (77.1) | (46.7) | (243.7) | (159.6) |
| Net loss before income taxes | (117.1) | (147.7) | (455.0) | (309.3) |
| Income tax (benefit) expense | (21.2) | 0.2 | (42.1) | 0.6 |
| Net loss | $ (95.9) | $ (147.9) | $ (412.9) | $ (309.9) |
| Earnings per share: | ||||
| Basic (in USD per share) | $ (1.09) | $ (1.70) | $ (4.73) | $ (3.58) |
| Diluted (in USD per share) | $ (1.09) | $ (1.70) | $ (4.73) | $ (3.58) |
| Weighted average number of common shares outstanding: | ||||
| Basic (in shares) | 87,586,284 | 86,797,123 | 87,292,705 | 86,613,896 |
| Diluted (in shares) | 87,586,284 | 86,797,123 | 87,292,705 | 86,613,896 |
| 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 Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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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- References No definition available.
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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 nonoperating. 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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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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, 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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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. 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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- References No definition available.
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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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