$VRT
Vertiv Holdings Co Stock $vrt

$vrt Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000162828024033173 Filed on July 26, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$2.074B	$1.953B
YoY Change	18.99%	12.61%
Cost Of Revenue	$1.317B	$1.212B
YoY Change	18.13%	6.27%
Gross Profit	$756.4M	$741.2M
YoY Change	20.52%	24.78%
Gross Profit Margin	36.48%	37.96%
Selling, General & Admin	$334.6M	$363.8M
YoY Change	2.26%	11.05%
% of Gross Profit	44.24%	49.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$68.90M	$68.40M
YoY Change	1.03%	1.63%
% of Gross Profit	9.11%	9.23%
Operating Expenses	$334.6M	$407.5M
YoY Change	2.26%	9.66%
Operating Profit	$371.6M	$333.7M
YoY Change	48.11%	50.04%
Interest Expense	$35.90M	-$70.40M
YoY Change	-17.47%	-29.88%
% of Operating Profit	9.66%	-21.1%
Other Income/Expense, Net
YoY Change
Pretax Income	$268.5M	$264.7M
YoY Change	84.16%	134.46%
Income Tax	$91.90M	$86.60M
% Of Pretax Income	34.23%	32.72%
Net Earnings	$176.6M	$178.1M
YoY Change	87.67%	114.06%
Net Earnings / Revenue	8.52%	9.12%
Basic Earnings Per Share	$0.47	$0.48
Diluted Earnings Per Share	$0.46	$0.46
COMMON SHARES
Basic Shares Outstanding	375.1M shares	374.3M shares
Diluted Shares Outstanding	384.3M shares	384.5M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$908.7M	$579.7M
YoY Change	81.74%	110.88%
Cash & Equivalents	$908.7M	$579.7M
Short-Term Investments
Other Short-Term Assets	$312.2M	$289.2M
YoY Change	74.8%	80.07%
Inventory	$1.255B	$1.104B
Prepaid Expenses
Receivables	$2.329B	$2.219B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$4.805B	$4.191B
YoY Change	32.69%	24.07%
LONG-TERM ASSETS
Property, Plant & Equipment	$593.2M	$751.1M
YoY Change	16.63%	13.22%
Goodwill	$1.349B	$1.322B
YoY Change	5.03%	1.73%
Intangibles	$1.573B	$1.578B
YoY Change	-6.05%	-9.69%
Long-Term Investments
YoY Change
Other Assets	$88.30M	$266.3M
YoY Change	-27.92%	57.85%
Total Long-Term Assets	$4.087B	$3.917B
YoY Change	7.74%	1.0%
TOTAL ASSETS
Total Short-Term Assets	$4.805B	$4.191B
Total Long-Term Assets	$4.087B	$3.917B
Total Assets	$8.891B	$8.108B
YoY Change	19.92%	11.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.240B	$1.098B
YoY Change	33.03%	16.59%
Accrued Expenses	$623.7M	$600.6M
YoY Change	12.3%	11.55%
Deferred Revenue	$1.016B	$888.8M
YoY Change	87.04%	70.92%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$21.20M	$21.20M
YoY Change	-2.75%	-2.75%
Total Short-Term Liabilities	$3.489B	$3.080B
YoY Change	66.03%	49.83%
LONG-TERM LIABILITIES
Long-Term Debt	$2.910B	$2.914B
YoY Change	-0.46%	-0.47%
Other Long-Term Liabilities	$283.6M	$418.4M
YoY Change	22.45%	-2.9%
Total Long-Term Liabilities	$3.193B	$3.332B
YoY Change	1.22%	-0.78%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.489B	$3.080B
Total Long-Term Liabilities	$3.193B	$3.332B
Total Liabilities	$7.078B	$6.571B
YoY Change	24.16%	17.37%
SHAREHOLDERS EQUITY
Retained Earnings	-$371.2M	-$538.4M
YoY Change	-59.43%	-46.65%
Common Stock	$0.00	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.814B	$1.538B
YoY Change
Total Liabilities & Shareholders Equity	$8.891B	$8.108B
YoY Change	19.92%	11.74%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$176.6M	$178.1M
YoY Change	87.67%	114.06%
Depreciation, Depletion And Amortization	$68.90M	$68.40M
YoY Change	1.03%	1.63%
Cash From Operating Activities	$378.2M	$378.4M
YoY Change	52.07%	49.21%
INVESTING ACTIVITIES
Capital Expenditures	$39.20M	$45.00M
YoY Change	43.07%	71.1%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$39.20M	-$45.00M
YoY Change	43.07%	71.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-16.80M	-20.50M
YoY Change	-333.33%	-90.89%
NET CHANGE
Cash From Operating Activities	378.2M	378.4M
Cash From Investing Activities	-39.20M	-45.00M
Cash From Financing Activities	-16.80M	-20.50M
Net Change In Cash	322.2M	312.9M
YoY Change	41.01%	14122.73%
FREE CASH FLOW
Cash From Operating Activities	$378.2M	$378.4M
Capital Expenditures	$39.20M	$45.00M
Free Cash Flow	$339.0M	$333.4M
YoY Change	53.19%	46.68%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1734100000	usd
	us-gaap	Restructuring Charges RestructuringCharges	22200000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1734100000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3591900000	usd
CY2024Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-200000	usd
CY2023Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-7500000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-3400000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	336000000.0	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	205800000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	538600000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	178100000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	83200000	usd
	us-gaap	Net Income Loss NetIncomeLoss	172200000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	374734093	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	376934638	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.48
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.22
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.46
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	178100000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	83200000	usd
	us-gaap	Net Income Loss NetIncomeLoss	172200000	usd
	us-gaap	Payments For Restructuring PaymentsForRestructuring	7100000	usd
CY2024Q2	us-gaap	Restructuring Reserve RestructuringReserve	15900000	usd
CY2022Q4	us-gaap	Restructuring Reserve RestructuringReserve	15400000	usd
	us-gaap	Payments For Restructuring PaymentsForRestructuring	6400000	usd
CY2023Q2	us-gaap	Restructuring Reserve RestructuringReserve	31200000	usd
CY2024Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	22600000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	27200000	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	2934900000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	2940900000	usd
CY2024Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	21200000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	21800000	usd
CY2024Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2913700000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2919100000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1100000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.327
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.316
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.263
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.334
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	375113127	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	375113127	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	381788876	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	381788876	shares
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1441900000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	50300000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	2200000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	5400000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	2100000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	21600000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	27300000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1550800000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	83200000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	7800000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4400000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	2800000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	9100000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1658100000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	2014900000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-5900000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	14400000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	17300000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	2200000	usd
CY2024Q1	us-gaap	Dividends Dividends	9300000	usd
CY2024Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	605900000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-34300000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	1393400000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	178100000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	9200000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-10700000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	3200000	usd
CY2024Q2	us-gaap	Dividends Dividends	9400000	usd
CY2024Q2	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-26300000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1537500000	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	100000	usd
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	562320	shares
CY2023Q2	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	197265	shares
CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2400000	usd
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	6800000	usd
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	146095	shares
CY2024Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	43262	shares
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	3000000.0	usd
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	9200000	usd
CY2024Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	606060	shares
CY2024Q2	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	193601	shares
CY2024Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	18000000.0	usd
CY2024Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	8500000	usd
	us-gaap	Nature Of Operations NatureOfOperations	<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(1) DESCRIPTION OF BUSINESS</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vertiv Holdings Co (“Holdings Co”, and together with its majority-owned subsidiaries, “Vertiv”, “we”, “our”, or “the Company”), formerly known as GS Acquisition Holdings Corp (“GSAH”), provides mission-critical digital infrastructure technologies and life cycle services primarily for data centers, communication networks, and commercial and industrial environments. Vertiv’s offerings include AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, management systems for monitoring and controlling digital infrastructure, and service. Vertiv manages and reports results of operations for three business segments: Americas; Asia Pacific; and Europe, Middle East & Africa.</span></div>
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1952800000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1952800000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1734100000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3591900000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3591900000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3255200000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3255200000	usd
CY2024Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	888800000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	638900000	usd
CY2024Q2	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	71100000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	61800000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	40300000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	16400000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	14400000	usd
CY2024Q2	us-gaap	Restructuring Charges RestructuringCharges	-2500000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	9100000	usd
	us-gaap	Restructuring Charges RestructuringCharges	-2200000	usd
	us-gaap	Restructuring Charges RestructuringCharges	22200000	usd
CY2023Q4	us-gaap	Restructuring Reserve RestructuringReserve	25200000	usd
	us-gaap	Restructuring Charges RestructuringCharges	-2200000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	579700000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	780400000	usd
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	8000000.0	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	8200000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	587700000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	788600000	usd
CY2024Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	391200000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	261600000	usd
CY2024Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	512300000	usd
CY2023Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	484300000	usd
CY2024Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	200200000	usd
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	138400000	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	1103700000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	884300000	usd
CY2024Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	974000000.0	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	932100000	usd
CY2024Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	402900000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	372000000.0	usd
CY2024Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	571100000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	560100000	usd
CY2024Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	134600000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	165400000	usd
CY2024Q2	us-gaap	Restructuring Reserve RestructuringReserve	15900000	usd
CY2023Q4	us-gaap	Restructuring Reserve RestructuringReserve	25200000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	43400000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	42900000	usd
CY2024Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	25500000	usd
CY2023Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	26100000	usd
CY2024Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	381200000	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	352200000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	600600000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	611800000	usd
CY2023Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	26100000	usd
CY2022Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	25600000	usd
	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	10800000	usd
	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	11100000	usd
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	11400000	usd
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	12800000	usd
CY2024Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	25500000	usd
CY2023Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	23900000	usd
CY2024Q2	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	90000000.0	usd
CY2024Q2	us-gaap	Accrued Liabilities Fair Value Disclosure AccruedLiabilitiesFairValueDisclosure	400300000	usd
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	80900000	usd
CY2023Q4	us-gaap	Accrued Liabilities Fair Value Disclosure AccruedLiabilitiesFairValueDisclosure	195000000.0	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	10700000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	21400000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	9500000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	17600000	usd
	us-gaap	Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	38600000	usd
CY2024Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-300000	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1000000.0	usd
CY2024Q2	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	25400000	usd
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	202000000.0	usd
CY2024Q2	us-gaap	Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax	1900000	usd
	us-gaap	Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax	23200000	usd
CY2023Q2	us-gaap	Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax	9500000	usd
	us-gaap	Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax	21100000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1952800000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3255200000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-10600000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	336100000	usd
	us-gaap	Net Income Loss NetIncomeLoss	133500000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	379938365	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	379039072	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.35
	us-gaap	Net Income Loss NetIncomeLoss	133500000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	374734093	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	379938365	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	376934638	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	379039072	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	9753976	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2412845	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	10066790	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2077117	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	384488069	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	382351210	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	387001428	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	381116189	shares
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.22
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.44
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
CY2023Q4	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	10100000	usd
CY2024Q1	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	10100000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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0001628280-24-033173-index.html	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable

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2024 Q3 Form 10-Q Financial Statement

#000162828024033173 Filed on July 26, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRT Vertiv Holdings Co Stock $vrt

2024 Q3 Form 10-Q Financial Statement

#000162828024033173 Filed on July 26, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRT
Vertiv Holdings Co Stock $vrt