10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-013730`
Period End Date	20230331
Filing Date	20230428
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	vrt-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 72 Stockholders Equity 24 Comprehensive Income 12

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.40M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$24.30M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$276.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.60M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowances of $24.3 and $18.4, respectively	`AccountsReceivableNetCurrent`	$1.99B	USD	Point-in-time
Accounts receivable, less allowances of $24.3 and $18.4, respectively	`AccountsReceivableNetCurrent`	$1.89B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$822.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$903.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$169.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$187.30M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.16B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.34B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	379.13M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	377.37M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$489.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$496.40M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	379.13M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	377.37M	shares	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Goodwill	`Goodwill`	$1.30B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.82B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.79B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$46.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$52.60M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$165.60M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$166.40M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$134.00M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$117.50M	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.42B	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.45B	USD	Point-in-time
Total assets	`Assets`	$7.26B	USD	Point-in-time
Total assets	`Assets`	$7.10B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$984.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$917.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$358.70M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$502.90M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$513.70M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$496.40M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$33.50M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$19.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.97B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.90B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$3.17B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$3.16B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$188.50M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$176.50M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$32.90M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$58.70M	USD	Point-in-time
Long-term lease liabilities	`OperatingAndFinanceLeaseLiabilityNoncurrent`	$132.00M	USD	Point-in-time
Long-term lease liabilities	`OperatingAndFinanceLeaseLiabilityNoncurrent`	$132.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$223.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$219.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.65B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.70B	USD	Point-in-time
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 379,133,659 and 377,368,837 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 379,133,659 and 377,368,837 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.63B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.66B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.14B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.09B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.20M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.55B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.42B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.10B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.16B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.52B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$852.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.03B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$292.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$308.70M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$45.20M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$57.70M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$13.10M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$800.00K	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.30M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.10M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$600.00K	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$4.90M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-45.20M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$130.30M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$29.30M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$46.80M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-94.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$37.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.23	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	375.97M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	378.13M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	379.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	381.68M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Depreciation	`Depreciation`	$17.90M	USD	1 Quarter
Depreciation	`Depreciation`	$17.70M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$61.30M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$48.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.60M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.70M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.30M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-94.90M	USD	1 Quarter
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$116.10M	USD	1 Quarter
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$86.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.60M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.50M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$8.70M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	-	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$4.60M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-4.50M	USD	1 Quarter
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$42.00M	USD	1 Quarter
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-132.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.10M	USD	1 Quarter
Investments in capitalized software	`PaymentsForSoftware`	$2.00M	USD	1 Quarter
Investments in capitalized software	`PaymentsForSoftware`	$3.10M	USD	1 Quarter
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.40M	USD	1 Quarter
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.40M	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.20M	USD	1 Quarter
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	$100.20M	USD	1 Quarter
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	$75.80M	USD	1 Quarter
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	$110.20M	USD	1 Quarter
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	$60.00M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfSeniorDebt`	$10.90M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfSeniorDebt`	$5.50M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$12.80M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	1 Quarter
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$2.20M	USD	1 Quarter
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$1.00M	USD	1 Quarter
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.80M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.30M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-150.60M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.60M	USD	1 Quarter
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.80M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$447.10M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$273.20M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$296.50M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.80M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$447.10M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$273.20M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$296.50M	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$160.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$79.50M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$14.50M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-4.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-62.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$63.10M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$144.20M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-16.50M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-32.60M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$100.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.50M	USD	1 Quarter
Total changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$116.10M	USD	1 Quarter
Total changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$86.90M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	379.13M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	377.37M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.55B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.42B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.00M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.20M	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Stock-based compensation, net of withholding for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.60M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.30M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.10M	USD	1 Quarter
Exercise of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$21.60M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$18.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$27.30M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	379.13M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	377.37M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.55B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.42B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-36.30M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$41.40M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$54.20M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-13.90M	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$200.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$18.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$77.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$26.50M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.