0000950170-24-055965 | 10-Q | XBRL Viewer | Commscope Holding Company INC

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Condensed Consolidated Statements of Operations (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Discontinued operations, net of income tax expense (benefit)	$ (17.6)	$ 3.8

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

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+ Details

Revenue From Contracts With Customers

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue From Contracts With Customers

. REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregated Net Sales

See Note 8 for the presentation of net sales by segment and geographic region.

Allowance for Doubtful Accounts


	Three Months Ended
	March 31,
	2024			2023
Allowance for doubtful accounts, beginning of period	$	32.2		$	50.1
Provision (benefit)		0.3			(0.5	)
Write-offs		(2.1	)		(0.2	)
Foreign exchange and other		(0.4	)		0.2
Allowance for doubtful accounts, end of period	$	30.0		$	49.6

Customer Contract Balances

The following table provides the balance sheet location and amounts of contract assets, or unbilled accounts receivable, and contract liabilities, or deferred revenue, from contracts with customers:


Contract Balance Type	Balance Sheet Location	March 31, 2024		December 31, 2023
Unbilled accounts receivable	Accounts receivable, net of allowance for doubtful accounts	$	22.5	$	16.8

Deferred revenue - current	Accrued and other liabilities	$	111.1	$	85.4
Deferred revenue - noncurrent	Other noncurrent liabilities		71.1		70.6
Total contract liabilities		$	182.2	$	156.0

There were no material changes to contract asset balances for the three months ended March 31, 2024 as a result of changes in estimates or impairments. The change in the contract liability balance from December 31, 2023 to March 31, 2024 was primarily due to upfront support billings to be recognized over the support term. During the three months ended March 31, 2024, the Company recognized $30.1 million of revenue related to contract liabilities recorded as of December 31, 2023.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Segments and Geographic Information - Summary of Financial Information by Reportable Segment (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	$ 8,653.6	$ 9,371.9
Cash and cash equivalents	357.2	543.8
Deferred income tax assets	480.2	615.6
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	7,735.2	7,820.1
Operating Segments [Member] \| CCS [Member]
Segment Reporting Information [Line Items]
Total assets	3,639.0	3,597.8
Operating Segments [Member] \| OWN [Member]
Segment Reporting Information [Line Items]
Total assets	996.8	993.8
Operating Segments [Member] \| NICS [Member]
Segment Reporting Information [Line Items]
Total assets	1,265.4	1,271.5
Operating Segments [Member] \| ANS [Member]
Segment Reporting Information [Line Items]
Total assets	1,834.0	1,957.0
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	357.2	543.8
Deferred income tax assets	480.2	615.6
Home business assets	81.0	113.8
Assets held for sale	$ 0.0	$ 278.6

Restructuring Costs (Credits), Net

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring Costs (Credits), Net

9. RESTRUCTURING COSTS (CREDITS), NET

The Company incurs costs associated with restructuring initiatives intended to improve overall operating performance and profitability. The costs related to restructuring actions are generally cash-based and primarily consist of employee-related costs, which include severance and other one-time termination benefits.

In addition to the employee-related costs, the Company records other costs associated with restructuring actions, such as the gain or loss on the sale of facilities and impairment costs arising from unutilized real estate or equipment. The Company attempts to sell or lease this unutilized space, but additional impairment charges may be incurred related to these or other excess assets.

The Company’s net pretax restructuring activity included in restructuring costs (credits), net on the Condensed Consolidated Statements of Operations, by segment, was as follows:


	Three Months Ended
	March 31,
	2024		2023
CCS	$	0.3	$	(14.9	)
OWN		0.1		—
NICS		1.2		1.9
ANS		29.0		1.4
Corporate and other		—		0.5
Total	$	30.6	$	(11.1	)

The corporate and other line item above reflects general corporate restructuring costs that were previously allocated to the Home segment. These indirect expenses have been classified as continuing operations for the prior year period presented, since the costs were not directly attributable to the discontinued operations of the Home business. Beginning in the first quarter of 2024, these costs have been reallocated to the Company’s remaining segments.

Restructuring liabilities were included in the Company’s Condensed Consolidated Balance Sheets as follows:


	March 31, 2024		December 31, 2023
Accrued and other liabilities	$	9.1	$	11.7
Other noncurrent liabilities		—		0.1
Total restructuring liabilities	$	9.1	$	11.8

CommScope NEXT Restructuring Actions

In the first quarter of 2021, the Company announced and began implementing a business transformation initiative called CommScope NEXT. This initiative is designed to drive shareholder value through three pillars: profitable growth, operational efficiency and portfolio optimization. The activity within the liability established for CommScope NEXT restructuring actions was as follows:


	Employee-Related Costs			Other			Total
Balance at December 31, 2023	$	11.7		$	—		$	11.7
Additional expense, net		6.4			24.1			30.5
Cash paid		(9.0	)		(0.3	)		(9.3	)
Foreign exchange and other non-cash items		—			(23.8	)		(23.8	)
Balance at March 31, 2024	$	9.1		$	—		$	9.1

CommScope NEXT actions to date have included the closure of manufacturing, administration and warehouse facilities, as well as headcount reductions in other manufacturing locations and engineering, marketing, sales and administrative functions, and asset impairments associated with restructuring-related actions. During the three months ended March 31, 2024, additional expenses were recorded for employee-related costs for severance. Other costs included the impairment of idled administration and engineering facilities during the three months ended March 31, 2024.

The Company has recognized restructuring charges of $205.0 million to date related to CommScope NEXT actions. The Company expects to make cash payments of $9.1 million during the remainder of 2024 to settle CommScope NEXT restructuring actions. Additional restructuring actions related to CommScope NEXT are expected to be identified, and the resulting charges and cash requirements could be material.

Restructuring Costs (Credits), Net - Activity within Liability Established for Restructuring Actions (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 11.8
Ending Balance	9.1
CommScope NEXT Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	11.7
Additional expense, net	30.5
Cash paid	(9.3)
Foreign exchange and other non-cash items	(23.8)
Ending Balance	9.1
Employee-Related Costs [Member] \| CommScope NEXT Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	11.7
Additional expense, net	6.4
Cash paid	(9.0)
Foreign exchange and other non-cash items	0.0
Ending Balance	9.1
Other Costs [Member] \| CommScope NEXT Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	0.0
Additional expense, net	24.1
Cash paid	(0.3)
Foreign exchange and other non-cash items	(23.8)
Ending Balance	$ 0.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Financing - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Sep. 30, 2023
Debt Instrument [Line Items]
Current portion of long term debt	$ 32.0		$ 32.0	$ 32.0
Weighted average effective interest rate	7.21%		7.22%
Total assets	$ 8,653.6		$ 9,371.9
Total liabilities	10,807.1		$ 11,178.6
Net sales	1,168.4	$ 1,664.4
Non Guarantor Subsidiaries Concentration Risk [Member]
Debt Instrument [Line Items]
Total assets	2,559.0
Total liabilities	629.0
Net sales	356.0
Asset Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowed	0.0
Letters of credit outstanding amount	0.0
Line of credit facility, remaining borrowing capacity	550.5
2026 Term Loan [Member]
Debt Instrument [Line Items]
Scheduled amortization payments	$ 8.0
Non-US [Member] \| Assets, Total [Member] \| Non Guarantor Subsidiaries Concentration Risk [Member]
Debt Instrument [Line Items]
Concentration risk percentage	30.00%
Non-US [Member] \| Liabilities, Total [Member] \| Non Guarantor Subsidiaries Concentration Risk [Member]
Debt Instrument [Line Items]
Concentration risk percentage	6.00%
Non-US [Member] \| Sales Revenue, Net [Member] \| Non Guarantor Subsidiaries Concentration Risk [Member]
Debt Instrument [Line Items]
Concentration risk percentage	30.00%

Segments and Geographic Information - Summary of Net Sales, Adjusted EBITDA, Depreciation Expense and Additions to PP&E by Reportable Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 1,168.4	$ 1,664.4
Total segment adjusted EBITDA	153.0	313.7
Amortization of intangible assets	(74.2)	(100.6)
Restructuring (costs) credits, net	(30.6)	11.1
Equity-based compensation	(11.2)	(13.5)
Transaction, transformation and integration costs	(8.5)	(0.3)
Acquisition accounting adjustments	(0.1)	(0.5)
Depreciation	(25.5)	(27.9)
Consolidated operating income	2.9	183.1
Additions to property, plant and equipment	5.9	13.7
Continuing Operations [Member]
Segment Reporting Information [Line Items]
Equity-based compensation	(11.2)	(12.4)
CCS [Member]
Segment Reporting Information [Line Items]
Net sales	604.7	821.1
Total segment adjusted EBITDA	95.1	151.0
Depreciation	13.8	15.2
Additions to property, plant and equipment	3.6	8.6
OWN [Member]
Segment Reporting Information [Line Items]
Net sales	196.0	258.4
Total segment adjusted EBITDA	44.3	59.5
Depreciation	2.7	3.2
Additions to property, plant and equipment	0.6	1.3
NICS [Member]
Segment Reporting Information [Line Items]
Net sales	180.3	284.5
Total segment adjusted EBITDA	(1.1)	58.0
Depreciation	3.1	3.4
Additions to property, plant and equipment	0.6	1.0
ANS [Member]
Segment Reporting Information [Line Items]
Net sales	187.4	300.4
Total segment adjusted EBITDA	14.7	46.7
Depreciation	5.9	5.9
Additions to property, plant and equipment	1.1	2.1
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total segment adjusted EBITDA	0.0	(1.5)
Depreciation	0.0	0.2
Additions to property, plant and equipment	$ 0.0	$ 0.7

Series A Convertible Preferred Stock - Additional Information (Detail) $ / shares in Units, $ in Millions		3 Months Ended
	Apr. 04, 2019 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 shares
Class Of Stock [Line Items]
Preferred stock, shares authorized		200,000,000		200,000,000
Dividends declared payable in kind \| $		$ 16.0	$ 15.1
Carlyle [Member]
Class Of Stock [Line Items]
Agreement date	Nov. 08, 2018
Carlyle [Member] \| Series A Convertible Preferred Stock [Member]
Class Of Stock [Line Items]
Convertible preferred stock, share issued	1,000,000
Total purchase price \| $	$ 1,000.0
Total purchase price per share \| $ / shares	$ 1,000
Convertible preferred stock, conversion price per share \| $ / shares	$ 27.5
Preferred stock, shares authorized		1,400,000
Initial conversion rate of common stock per share of the convertible preferred stock	36.3636
Carlyle [Member] \| Series A Convertible Preferred Stock [Member]
Class Of Stock [Line Items]
Convertible preferred stock, dividend payment terms		Holders of the Convertible Preferred Stock are entitled to a cumulative dividend at the rate of 5.5% per year
Convertible preferred stock, dividend rate percentage	5.50%

Financing (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of Debt


	March 31, 2024			December 31, 2023
7.125% senior notes due July 2028	$	641.6		$	641.6
5.00% senior notes due March 2027		750.0			750.0
8.25% senior notes due March 2027		866.9			866.9
6.00% senior notes due June 2025		1,274.6			1,274.6
4.75% senior secured notes due September 2029		1,250.0			1,250.0
6.00% senior secured notes due March 2026		1,500.0			1,500.0
Senior secured term loan due April 2026		3,056.0			3,064.0
Senior secured revolving credit facility		—			—
Total principal amount of debt		9,339.1			9,347.1
Less: Original issue discount, net of amortization		(10.3	)		(11.5	)
Less: Debt issuance costs, net of amortization		(52.2	)		(57.0	)
Less: Current portion		(32.0	)		(32.0	)
Total long-term debt	$	9,244.6		$	9,246.6

See Note 8 within the Company’s audited consolidated financial statements included in the 2023 Annual Report for additional information on the terms and conditions of the Company’s debt obligations.

Senior Secured Credit Facilities

During the three months ended March 31, 2024, the Company made the quarterly scheduled amortization payment of $8.0 million on the Company's senior secured term loan due 2026 (the 2026 Term Loan). The current portion of long-term debt reflects $32.0 million of repayments due under the 2026 Term Loan.

As of March 31, 2024, the Company did not reflect any portion of the 2026 Term Loan as a current portion of long-term debt related to the potentially required excess cash flow payment because the amount that may be payable in 2024, if any, cannot currently be reliably estimated. There is no excess cash flow payment required in 2024 related to 2023.

During the three months ended March 31, 2024, the Company did not borrow under the Revolving Credit Facility. As of March 31, 2024, the Company had no outstanding borrowings under the Revolving Credit Facility and had availability of $550.5 million, after giving effect to borrowing base limitations and outstanding letters of credit.

Other Matters

The Company’s non-guarantor subsidiaries held $2,559 million, or 30%, of total assets and $629 million, or 6%, of total liabilities as of March 31, 2024 and accounted for $356 million, or 30%, of net sales for the three months ended March 31, 2024. All amounts presented exclude intercompany balances.

The weighted average effective interest rate on outstanding borrowings, including the impact of the interest rate swap contracts and the amortization of debt issuance costs and original issue discount, was 7.21% and 7.22% as of March 31, 2024 and December 31, 2023, respectively.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Segments and Geographic Information - Summary of Net Sales by Reportable Segment, Disaggregated Based on Geographic Region (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	$ 1,168.4	$ 1,664.4
CCS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	604.7	821.1
OWN [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	196.0	258.4
NICS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	180.3	284.5
ANS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	187.4	300.4
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	757.1	1,147.6
United States [Member] \| CCS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	388.2	562.9
United States [Member] \| OWN [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	121.5	184.7
United States [Member] \| NICS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	107.2	174.7
United States [Member] \| ANS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	140.2	225.3
Europe, Middle East and Africa (EMEA) [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	203.5	264.6
Europe, Middle East and Africa (EMEA) [Member] \| CCS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	99.2	113.4
Europe, Middle East and Africa (EMEA) [Member] \| OWN [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	47.1	47.8
Europe, Middle East and Africa (EMEA) [Member] \| NICS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	45.0	70.0
Europe, Middle East and Africa (EMEA) [Member] \| ANS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	12.2	33.4
Asia Pacific (APAC) [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	135.5	144.5
Asia Pacific (APAC) [Member] \| CCS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	84.1	90.0
Asia Pacific (APAC) [Member] \| OWN [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	22.4	20.3
Asia Pacific (APAC) [Member] \| NICS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	20.5	29.2
Asia Pacific (APAC) [Member] \| ANS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	8.5	5.0
Caribbean and Latin America (CALA) [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	47.7	69.4
Caribbean and Latin America (CALA) [Member] \| CCS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	23.5	37.4
Caribbean and Latin America (CALA) [Member] \| OWN [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	3.4	3.2
Caribbean and Latin America (CALA) [Member] \| NICS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	4.8	7.1
Caribbean and Latin America (CALA) [Member] \| ANS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	16.0	21.7
Canada [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	24.6	38.3
Canada [Member] \| CCS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	9.7	17.4
Canada [Member] \| OWN [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	1.6	2.4
Canada [Member] \| NICS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	2.8	3.5
Canada [Member] \| ANS [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	$ 10.5	$ 15.0

Background and Basis of Presentation - Summary of Activity in Product Warranty Accrual, Included in Accrued and Other Liabilities and Other Noncurrent Liabilities on the Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Product warranty accrual, beginning of period	$ 27.4	$ 33.7
Provision for warranty claims	6.8	5.0
Warranty claims paid	(6.6)	(4.4)
Product warranty accrual, end of period	$ 27.6	$ 34.3

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Summary of the Equity-Based Compensation Expense Included in the Statements of Operations

The following table shows a summary of the equity-based compensation expense included in the Condensed Consolidated Statements of Operations:


	Three Months Ended
	March 31,
	2024		2023
Selling, general and administrative		8.2		7.8
Research and development		1.9		3.0
Cost of sales		1.1		1.6
Total equity-based compensation expense	$	11.2	$	12.4

Summary of RSU Activity

The following table summarizes the RSU activity (in millions, except per share data):


	Restricted Stock Units			Weighted Average Grant Date Fair Value Per Share
Non-vested share units at December 31, 2023		11.5		$	6.62
Granted		1.5		$	1.14
Forfeited		(0.3	)	$	6.42
Non-vested share units at March 31, 2024		12.7		$	5.96

Summary of PSU Activity

The following table summarizes the PSU activity (in millions, except per share data):


	Performance Share Units			Weighted Average Grant Date Fair Value Per Share
Non-vested share units at December 31, 2023		6.4		$	6.59
Forfeited		(0.3	)	$	14.49
Non-vested share units at March 31, 2024		6.1

Discontinued Operations - Summary of Loss on Disposal of Home business (Details) - Discontinued Operations [Member] - USD ($) $ in Millions		3 Months Ended
	Jan. 09, 2024	Mar. 31, 2024	Mar. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fair value of shares issued to seller	$ 17.0
Total disposal consideration	17.0
Carrying value of net assets sold	(37.9)
Loss on disposal of Home business before income taxes and reclassification of foreign currency translation	(20.9)
Reclassification of foreign currency translation	(27.4)
Loss on disposal of Home business before income taxes	(48.3)	$ (48.3)	$ 0.0
Income tax expense	(21.5)
Loss on disposal of Home business, net of income taxes	$ (69.8)

Segments and Geographic Information

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segments and Geographic Information

8. SEGMENTS AND GEOGRAPHIC INFORMATION

As a result of the divestiture of the Home business, the Company is reporting financial performance based on the following remaining four operating segments: CCS, OWN, NICS and ANS. As of January 1, 2024, management shifted certain product lines from the Company's CCS segment to its ANS segment to better align with how the businesses are being managed. For all periods presented, amounts have been recast to reflect these operating segment changes.

The Connectivity and Cable Solutions (CCS) segment provides fiber optic and copper connectivity and cable solutions for use in telecommunications, cable television, residential broadband networks, data centers and business enterprises. The CCS portfolio includes network solutions for indoor and outdoor network applications. Indoor network solutions include optical fiber and twisted pair structured cable solutions, intelligent infrastructure management hardware and software and network rack and cabinet enclosures. Outdoor network solutions are used in both local-area and wide-area networks and “last mile” fiber-to-the-home installations, including deployments of fiber-to-the-node, fiber-to-the-premises and fiber-to-the-distribution point to homes, businesses and cell sites.

The Outdoor Wireless Networks (OWN) segment focuses on the macro and metro cell markets. The segment includes base station antennas, radio frequency (RF) filters, tower connectivity, microwave antennas, metro cell products, cabinets, steel, accessories and the wireless spectrum management business, Comsearch.

The Networking, Intelligent Cellular and Security Solutions (NICS) segment provides wireless networks for enterprises and service providers. Product offerings include indoor cellular solutions such as distributed antenna systems, public key infrastructure solutions, indoor and outdoor Wi-Fi and long-term evolution (LTE) access points, access and aggregation switches; an Internet of Things suite; on-premises and cloud-based control and management systems; and software and software-as-a-service applications addressing security, location, reporting and analytics.

The Access Network Solutions (ANS) segment’s product solutions include cable modem termination systems, video infrastructure, distribution and transmission equipment and cloud solutions that enable facility-based service providers to construct a state-of-the-art residential and metro distribution network.

The following table provides summary financial information by reportable segment:


	March 31, 2024		December 31, 2023
Identifiable segment-related assets:
CCS	$	3,639.0	$	3,597.8
OWN		996.8		993.8
NICS		1,265.4		1,271.5
ANS		1,834.0		1,957.0
Total identifiable segment-related assets		7,735.2		7,820.1
Reconciliation to total assets:
Cash and cash equivalents		357.2		543.8
Deferred income tax assets		480.2		615.6
Home business assets		81.0		113.8
Assets held for sale		—		278.6
Total assets	$	8,653.6	$	9,371.9

The Home business assets line item above reflects certain assets retained by the Company related to the Home business, with the primary asset being net inventory in the amount of $60.8 million and $88.0 million as of March 31, 2024 and December 31, 2023, respectively. The Company entered into the Vantiva Supply Agreement, whereby the Company will sell the retained inventory to Vantiva at cost, or market price if below cost, for a period of two years following the close of the transaction.

The Company’s measurement of segment performance is adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization). The Company defines adjusted EBITDA as operating income (loss), adjusted to exclude depreciation, amortization of intangible assets, restructuring costs, asset impairments, equity-based compensation, transaction, transformation and integration costs and other items that the Company believes are useful to exclude in the evaluation of operating performance from period to period because these items are not representative of the Company’s core business.

The following table provides net sales, adjusted EBITDA, depreciation expense and additions to property, plant and equipment by reportable segment:


	Three Months Ended
	March 31,
	2024			2023
Net sales:
CCS	$	604.7		$	821.1
OWN		196.0			258.4
NICS		180.3			284.5
ANS		187.4			300.4
Consolidated net sales	$	1,168.4		$	1,664.4

Segment adjusted EBITDA:
CCS	$	95.1		$	151.0
OWN		44.3			59.5
NICS		(1.1	)		58.0
ANS		14.7			46.7
Corporate and other		—			(1.5	)
Total segment adjusted EBITDA		153.0			313.7
Amortization of intangible assets		(74.2	)		(100.6	)
Restructuring (costs) credits, net		(30.6	)		11.1
Equity-based compensation		(11.2	)		(12.4	)
Transaction, transformation and integration costs		(8.5	)		(0.3	)
Acquisition accounting adjustments		(0.1	)		(0.5	)
Depreciation		(25.5	)		(27.9	)
Consolidated operating income	$	2.9		$	183.1

Depreciation expense:
CCS	$	13.8		$	15.2
OWN		2.7			3.2
NICS		3.1			3.4
ANS		5.9			5.9
Corporate and other		—			0.2
Consolidated depreciation expense	$	25.5		$	27.9

Additions to property, plant and equipment:
CCS	$	3.6		$	8.6
OWN		0.6			1.3
NICS		0.6			1.0
ANS		1.1			2.1
Corporate and other		—			0.7
Consolidated additions to property, plant and equipment	$	5.9		$	13.7

The corporate and other line item above reflects general corporate costs that were previously allocated to the Home segment. These indirect expenses have been classified as continuing operations for the prior year period, since the costs were not directly attributable to the discontinued operations of the Home business. Beginning in the first quarter of 2024, these costs have been reallocated to the Company's remaining segments and are partially offset by income from the Vantiva TSA.

Sales to customers located outside of the U.S. comprised 35.2% of total net sales for the three months ended March 31, 2024, compared to 31.1% of total net sales for the three months ended March 31, 2023. Sales by geographic region, based on the destination of product shipments or service provided, were as follows:


	Three Months Ended March 31, 2024
	CCS		OWN		NICS		ANS		Total
Geographic Region:
United States	$	388.2	$	121.5	$	107.2	$	140.2	$	757.1
Europe, Middle East and Africa		99.2		47.1		45.0		12.2		203.5
Asia Pacific		84.1		22.4		20.5		8.5		135.5
Caribbean and Latin America		23.5		3.4		4.8		16.0		47.7
Canada		9.7		1.6		2.8		10.5		24.6
Consolidated net sales	$	604.7	$	196.0	$	180.3	$	187.4	$	1,168.4

	Three Months Ended March 31, 2023
	CCS		OWN		NICS		ANS		Total
Geographic Region:
United States	$	562.9	$	184.7	$	174.7	$	225.3	$	1,147.6
Europe, Middle East and Africa		113.4		47.8		70.0		33.4		264.6
Asia Pacific		90.0		20.3		29.2		5.0		144.5
Caribbean and Latin America		37.4		3.2		7.1		21.7		69.4
Canada		17.4		2.4		3.5		15.0		38.3
Consolidated net sales	$	821.1	$	258.4	$	284.5	$	300.4	$	1,664.4

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholders' Equity - Additional Information (Detail) shares in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) shares
Stockholders Equity [Line Items]
Unrecognized compensation costs related to unvested stock options, (RSUs) and (PSUs) \| $	$ 59,700,000
Recognition period of unrecognized compensation expense	1 year 9 months 18 days
Capitalized equity-based compensation costs \| $	$ 0
Restricted Stock Units (RSUs) [Member]
Stockholders Equity [Line Items]
Shares, Granted \| shares	1.5
Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Stockholders Equity [Line Items]
Vesting period, year	3 years
Performance Shares [Member]
Stockholders Equity [Line Items]
Shares, Granted \| shares	0.0

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Comprehensive income (loss):
Net Income (Loss)	$ (359.2)	$ 3.4
Other comprehensive income, net of tax:
Foreign currency translation gain (loss)	(5.2)	20.4
Pension and other postretirement benefit activity	(0.2)	(0.1)
Gain (loss) on hedging instruments	6.8	(1.5)
Total other comprehensive income, net of tax	1.4	18.8
Total comprehensive income (loss)	$ (357.8)	$ 22.2

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

Discontinued Operations - Discontinued Operations Included in the Condensed Consolidated Statements of Cash Flows (Details) - Discontinued Operations, Held-for-Sale [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of Home business	$ 48.3	$ 0.0
Depreciation and amortization	$ 6.4	$ 29.1

Financing - Summary of Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023
Debt Instrument [Line Items]
Total principal amount of debt	$ 9,339.1	$ 9,347.1
Less: Original issue discount, net of amortization	(10.3)	(11.5)
Less: Debt issuance costs, net of amortization	(52.2)	(57.0)
Less: Current portion	(32.0)	(32.0)	$ (32.0)
Total long-term debt	9,244.6	9,246.6
7.125% Senior Notes Due July 2028 [Member]
Debt Instrument [Line Items]
Senior notes	641.6	641.6
5.00% Senior Notes Due March 2027 [Member]
Debt Instrument [Line Items]
Senior notes	750.0	750.0
8.25% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Senior notes	866.9	866.9
6.00% Senior Notes Due June 2025 [Member]
Debt Instrument [Line Items]
Senior notes	1,274.6	1,274.6
4.75% Senior Secured Notes Due September 2029 [Member]
Debt Instrument [Line Items]
Senior secured notes	1,250.0	1,250.0
6.00% Senior Secured Notes Due 2026 [Member]
Debt Instrument [Line Items]
Senior secured notes	1,500.0	1,500.0
Senior Secured Term Loan Due April 2026 [Member]
Debt Instrument [Line Items]
Senior secured notes	3,056.0	3,064.0
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Senior secured revolving credit facility	$ 0.0	$ 0.0

Supplemental Financial Statement Information

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Statement Information

5. SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Accounts Receivable


	March 31, 2024			December 31, 2023
Accounts receivable - trade	$	854.2		$	826.9
Accounts receivable - other		12.7			20.5
Allowance for doubtful accounts		(30.0	)		(32.2	)
Total accounts receivable, net	$	836.9		$	815.2

Inventories


	March 31, 2024		December 31, 2023
Raw materials	$	540.9	$	551.4
Work in process		180.7		165.6
Finished goods		322.5		362.7
Total inventories, net	$	1,044.1	$	1,079.7

Accrued and Other Liabilities


	March 31, 2024		December 31, 2023
Compensation and employee benefit liabilities	$	134.0	$	178.6
Deferred revenue		111.1		85.4
Accrued interest		57.0		113.2
Operating lease liabilities		36.8		36.5
Product warranty accrual		26.3		26.0
Restructuring liabilities		9.1		11.7
Other		188.0		182.9
Total accrued and other liabilities	$	562.3	$	634.3

Operating Lease Information


	Balance Sheet Location	March 31, 2024		December 31, 2023
Right of use assets	Other noncurrent assets	$	153.8	$	157.2

Lease liabilities - current	Accrued and other liabilities	$	36.8	$	36.5
Lease liabilities - noncurrent	Other noncurrent liabilities		135.0		139.9
Total lease liabilities		$	171.8	$	176.4

Accumulated Other Comprehensive Loss

The following table presents changes in accumulated other comprehensive loss (AOCL), net of tax:


	Three Months Ended
	March 31,
	2024			2023
Foreign currency translation
Balance at beginning of period	$	(232.4	)	$	(270.3	)
Other comprehensive income (loss)		(32.6	)		20.4
Amounts reclassified from AOCL		27.4			—
Balance at end of period	$	(237.6	)	$	(249.9	)

Defined benefit plan activity
Balance at beginning of period	$	(14.9	)	$	(14.8	)
Other comprehensive loss		(0.2	)		(0.1	)
Balance at end of period	$	(15.1	)	$	(14.9	)

Hedging instruments
Balance at beginning of period	$	(19.4	)	$	(11.2	)
Other comprehensive income (loss)		6.8			(1.5	)
Balance at end of period	$	(12.6	)	$	(12.7	)
Net AOCL at end of period	$	(265.3	)	$	(277.5	)

During the three months ended March 31, 2024, the amount reclassified from net AOCL related to foreign currency translation was recorded in the loss on disposal of the Home business, included in loss from discontinued operations, net of income taxes, on the Condensed Consolidated Statements of Operations.

Cash Flow Information


	Three Months Ended
	March 31,
	2024		2023
Cash paid during the period for:
Income taxes, net of refunds	$	13.4	$	20.7
Interest		217.8		219.8
Non-cash investing activities:
Equity method investment from divestiture		17.0		—

Discontinued Operations - Summary of components of Net Loss Discontinued Operations (Details) - USD ($)
$ in Millions

3 Months Ended

Jan. 09, 2024

Mar. 31, 2024

Mar. 31, 2023

Operating Expenses [Abstract]

Loss from operations of discontinued Home business before income taxes

$ 69.8

Income tax (expense) benefit

$ (17.6)

$ 3.8

Discontinued Operations, Held-for-Sale [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Net sales

10.7

337.1

Cost of sales

^[1]

23.7

275.5

Gross profit (loss)

(13.0)

61.6

Operating Expenses [Abstract]

Selling, general and administrative

11.6

31.5

Research and development

0.2

27.9

Amortization of purchased intangible assets

6.4

25.8

Restructuring costs, net

0.0

7.0

Total operating expenses

18.2

92.2

Operating loss

(31.2)

(30.6)

Other income, net

0.0

0.4

Loss from operations of discontinued Home business before income taxes

(31.2)

(30.2)

Loss on disposal of Home business before income taxes

$ (48.3)

(48.3)

0.0

Income tax (expense) benefit

(17.6)

3.8

Loss from discontinued operations, net of income taxes

$ (97.1)

$ (26.4)

[1]	Cost of sales includes a charge of $19.5 million for excess and obsolete inventory related to the Home business during the three months ended March 31, 2024.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities:
Net income (loss)	$ (359.2)	$ 3.4
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization	112.7	164.1
Equity-based compensation	11.2	13.5
Deferred income taxes	87.4	(30.0)
Changes in assets and liabilities:
Accounts receivable	(19.9)	175.3
Inventories	31.4	(31.9)
Prepaid expenses and other assets	(71.9)	10.2
Accounts payable and other liabilities	(26.8)	(318.3)
Other	57.4	(32.4)
Net cash used in operating activities	(177.7)	(46.1)
Investing Activities:
Additions to property, plant and equipment	(6.0)	(14.4)
Proceeds from sale of property, plant and equipment	0.0	41.0
Other	8.6	9.3
Net cash generated by investing activities	2.6	35.9
Financing Activities:
Long-term debt repaid	(8.0)	(8.0)
Long-term debt repurchases	0.0	(50.0)
Tax withholding payments for vested equity-based compensation awards	(0.2)	(5.0)
Other	0.0	1.9
Net cash used in financing activities	(8.2)	(61.1)
Effect of exchange rate changes on cash and cash equivalents	(3.3)	0.5
Change in cash and cash equivalents	(186.6)	(70.8)
Cash and cash equivalents at beginning of period	543.8	398.1
Cash and cash equivalents at end of period	$ 357.2	$ 327.3

Supplemental Financial Statement Information - Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 540.9	$ 551.4
Work in process	180.7	165.6
Finished goods	322.5	362.7
Total inventories, net	$ 1,044.1	$ 1,079.7

Background and Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Presentation

The accompanying condensed consolidated financial statements are unaudited and reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of the interim period financial statements. The results of operations for these interim periods are not necessarily indicative of the results of operations to be expected for any future period or the full fiscal year. Certain prior year amounts have been reclassified to conform to the current year presentation.

As of January 1, 2024, management shifted certain product lines from the Company's CCS segment to its ANS segment to better align with how the businesses are being managed. All prior period amounts in these condensed consolidated financial statements have been recast to reflect these operating segment changes.

The unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) in the United States (U.S.) for interim financial information and are presented in accordance with the applicable requirements of Regulation S-X. Accordingly, these financial statements do not include all of the information and notes required by U.S. GAAP for complete financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the 2023 Annual Report). The significant accounting policies followed by the Company are set forth in Note 2 within the Company’s audited consolidated financial statements included in the 2023 Annual Report. There were no material changes in the Company’s significant accounting policies during the three months ended March 31, 2024.

Concentrations of Risk and Related Party Transactions

No direct customer accounted for 10% or more of the Company’s total net sales during the three months ended March 31, 2024 or 2023. As of March 31, 2024, no direct customer accounted for 10% or more of the Company’s accounts receivable.

The Company relies on sole suppliers or a limited group of suppliers for certain key components, subassemblies and modules and a limited group of contract manufacturers to manufacture a significant portion of its products. Any disruption or termination of these arrangements could have a material adverse impact on the Company’s results of operations.

As of March 31, 2024, funds affiliated with Carlyle Partners VII S1 Holdings, L.P. (Carlyle) owned 100% of the Company's Series A convertible preferred stock (the Convertible Preferred Stock), which was sold to Carlyle to fund a portion of the acquisition of ARRIS International plc (ARRIS) in 2019. See Note 10 for further discussion of the Convertible Preferred Stock. Other than transactions related to the Convertible Preferred Stock and the Company's continuing involvement with Vantiva discussed in Note 2, there were no material related party transactions for the three months ended March 31, 2024.

Product Warranties

The Company recognizes a liability for the estimated claims that may be paid under its customer assurance-type warranty agreements to remedy potential deficiencies of quality or performance of the Company’s products. These product warranties extend over various periods, depending on the product subject to the warranty and the terms of the individual agreements. The Company records a provision for estimated future warranty claims as cost of sales based upon the historical relationship of warranty claims to sales and specifically identified warranty issues. The Company bases its estimates on assumptions that are believed to be reasonable under the circumstances and revises its estimates, as appropriate, when events or changes in circumstances indicate that revisions may be necessary. Such revisions may be material.

The following table summarizes the activity in the product warranty accrual, included in accrued and other liabilities and other noncurrent liabilities on the Condensed Consolidated Balance Sheets:


	Three Months Ended
	March 31,
	2024			2023
Product warranty accrual, beginning of period	$	27.4		$	33.7
Provision for warranty claims		6.8			5.0
Warranty claims paid		(6.6	)		(4.4	)
Product warranty accrual, end of period	$	27.6		$	34.3

Commitments and Contingencies

Third-Party Guarantees

The Company was contingently liable under open standby letters of credit issued by its banks to support performance obligations of a third-party contractor that totaled $35.9 million as of March 31, 2024. These amounts represent an estimate of the maximum amounts the Company would expect to incur upon the contractual non-performance of the third-party contractor, but the Company also has cross-indemnities in place that may enable it to recover amounts in the event of non-performance by the third-party contractor. The Company believes the likelihood of having to perform under these guarantees is remote. There were no material amounts recorded in the condensed consolidated financial statements related to third-party guarantee agreements for the three months ended March 31, 2024 or 2023 or as of March 31, 2024 or December 31, 2023. As of March 31, 2024, these instruments reduced the available borrowings under the Company's senior secured asset-based revolving credit facility (the Revolving Credit Facility).

Non-cancellable Purchase Obligations

In the third quarter of 2023, the Company entered into a long-term supply contract with a third party to secure the supply of certain raw materials. Under the terms of the contract, the Company will make advance payments through 2026 totaling $120.0 million (undiscounted) and based on meeting certain minimum purchase requirements through 2031, such advance payments will be credited and applied to future orders on a quarterly basis beginning in 2027 through 2031. Advance payments of $30.0 million are capitalized as other noncurrent assets in the Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023. The Company committed to purchases of raw materials under this agreement that began in 2023, growing to a level of approximately $137 million per year by 2026 and continuing through 2032.

Legal Proceedings

The Company is party to certain intellectual property claims and also periodically receives notices asserting that its products infringe on another party’s patents and other intellectual property rights. These claims and assertions, whether against the Company directly or against its customers, could require the Company to pay damages or royalties, stop offering the relevant products and/or cease other activities. The Company may also be called upon to indemnify certain customers for costs related to products sold to such customers. The outcome of these claims and notices is uncertain, and a reasonable estimate of the loss from unfavorable outcomes in certain of these matters either cannot be determined or is estimated at the minimum amount of a range of estimates. The actual loss, through settlement or trial, could be material and may vary significantly from the Company’s estimates. From time to time, the Company may also be involved as a plaintiff in certain intellectual property claims. Gain contingencies, if any, are recognized when they are realized.

The Company is also either a plaintiff or a defendant in certain other pending legal matters in the normal course of business. Management believes none of these other pending legal matters will have a material adverse effect on the Company’s business or financial condition upon final disposition.

The Company is subject to various federal, state, local and foreign laws and regulations governing the use, discharge, disposal and remediation of hazardous materials. Compliance with current laws and regulations has not had, and is not expected to have, a materially adverse effect on the Company’s financial condition or results of operations.

Asset Impairments

Goodwill

Goodwill is tested for impairment annually or at other times if events have occurred or circumstances exist that indicate the carrying value of the reporting unit may exceed its fair value. As of January 1, 2024, the Company assessed goodwill for impairment due to a change in the composition of reporting units as a result of the new segment structure and certain other intrasegment realignments. The Company performed impairment testing immediately before and after the change and determined that no goodwill impairment existed. See Note 3 for further discussion. There were no goodwill impairments identified during the three months ended March 31, 2024 or 2023.

The Company’s ANS and Building and Data Center Connectivity (BDCC) reporting units failed the annual goodwill impairment test, and partial impairments were recorded as of October 1, 2023. The BDCC reporting unit is in the CCS reportable segment.

As a result of the new segment structure and certain other intrasegment realignments, as of January 1, 2024, the BDCC and Network Cable and Connectivity (NCC) reporting units are being referred to as Enterprise and Broadband, respectively, which are both in the CCS reportable segment.

Considering the low headroom going forward for each of the ANS and Enterprise reporting units, there is a risk for future impairment in the event of declines in general economic, market or business conditions or any significant unfavorable change in the forecasted cash flows, weighted average cost of capital or growth rates. If current and long-term projections for the ANS and Enterprise reporting units are not realized or decrease materially, the Company may be required to recognize additional goodwill impairment charges, and these charges could be material to the Company's results of operations.

Long-lived Assets

Long-lived assets, which include property, plant and equipment, intangible assets with finite lives and right of use assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable, based on the undiscounted cash flows expected to be derived from the use and ultimate disposition of the assets. Assets identified as impaired are adjusted to estimated fair value. Equity investments without readily determinable fair values are evaluated each reporting period for impairment based on a qualitative assessment and are then measured at fair value if an impairment is determined to exist. There were no definite-lived intangible or other long-lived asset impairments identified during the three months ended March 31, 2024 or 2023, other than certain assets impaired as a result of restructuring actions.

Income Taxes

For the three months ended March 31, 2024, the Company recognized income tax expense of $99.8 million on a pretax loss of $162.3 million. The Company's tax expense for the three months ended March 31, 2024, was unfavorably impacted by additional valuation allowance related to current year federal and state interest limitation carryforwards and U.S. anti-deferral provisions, partially offset by tax benefits related to federal tax credits.

For the three months ended March 31, 2023, the Company recognized an income tax benefit of $4.0 million on pretax income of $25.8 million. The Company’s tax benefit was primarily due to a reduction in tax expense of $8.3 million related to the release of various uncertain tax positions, partially offset by the unfavorable impacts of U.S. anti-deferral provisions and non-creditable withholding taxes.

Earnings (Loss) Per Share

Basic earnings (loss) per share (EPS) from continuing operations is computed by dividing income (loss) from continuing operations, less any dividends and deemed dividends related to the Convertible Preferred Stock, by the weighted average number of common shares outstanding during the period. The numerator in diluted EPS from continuing operations is based on the basic EPS from continuing operations numerator, adjusted to add back any dividends and deemed dividends related to the Convertible Preferred Stock, subject to antidilution requirements. The denominator used in diluted EPS from continuing operations is based on the basic EPS computation plus the effect of potentially dilutive common shares related to the Convertible Preferred Stock and equity-based compensation plans, subject to antidilution requirements.

Basic EPS from discontinued operations is computed by dividing loss from discontinued operations, net of income taxes by the weighted average number of common shares outstanding during the period. The numerator in diluted EPS from discontinued operations is based on the basic EPS from discontinued operations numerator. The denominator used in diluted EPS from discontinued operations is based on the basic EPS computation plus the effect of potentially dilutive common shares related to the Convertible Preferred Stock and equity-based compensation plans, subject to antidilution requirements.

For the three months ended March 31, 2024 and 2023, 18.0 million and 12.2 million shares, respectively, of outstanding equity-based compensation awards were not included in the computation of diluted EPS because the effect was antidilutive or the performance conditions were not met. Of those amounts, for the three months ended March 31, 2024, 1.4 million would have been considered dilutive if the Company had not been in a loss from continuing operations position.

For the three months ended March 31, 2024 and 2023, 42.3 million and 40.0 million, respectively, of as-if converted shares related to the Convertible Preferred Stock were excluded from the diluted share count because they were antidilutive.

The following table presents the basis for the EPS computations (in millions, except per share data):


	Three Months Ended
	March 31,
	2024			2023
Numerator:
Income (loss) from continuing operations	$	(262.1	)	$	29.8
Loss from discontinued operations, net of tax		(97.1	)		(26.4	)
Net income (loss)	$	(359.2	)	$	3.4
Dividends on Series A convertible preferred stock		(16.0	)		(15.1	)
Net loss attributable to common stockholders	$	(375.2	)	$	(11.7	)

Denominator:
Weighted average common shares outstanding – basic		212.3			208.9
Dilutive effect of as-if converted Series A convertible preferred stock		—			—
Dilutive effect of equity-based awards		—			3.2
Weighted average common shares outstanding – diluted		212.3			212.1

Basic:
Earnings (loss) from continuing operations per share	$	(1.31	)	$	0.07
Loss from discontinued operations per share		(0.46	)		(0.13	)
Loss per share	$	(1.77	)	$	(0.06	)

Diluted:
Earnings (loss) from continuing operations per share	$	(1.31	)	$	0.07
Loss from discontinued operations per share		(0.46	)		(0.12	)
Loss per share	$	(1.77	)	$	(0.05	)

Recent Accounting Pronouncements

Adopted During the Three Months Ended March 31, 2024

On January 1, 2024, the Company adopted the rollforward disclosure requirement of Accounting Standards Update (ASU) No. 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. The new guidance improves the transparency of supplier finance programs by requiring that a buyer in a supplier finance program disclose sufficient qualitative and quantitative information about the program to allow a user of its financial statements to understand the program's nature, activity during the period, changes from period to period and potential effect on an entity's financial statements. The requirement to disclose rollforward information was effective prospectively for the Company as of January 1, 2024. The impact of adopting this new guidance was not material to the condensed consolidated financial statements and related disclosure.

Issued but Not Adopted

In December 2023, the Financial Accounting Standards Board (FASB) issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The new guidance is expected to improve income tax disclosures primarily related to the rate reconciliation and income taxes paid information by requiring 1) consistent categories and greater disaggregation of information in the rate reconciliation and 2) income taxes paid to be disaggregated by jurisdiction. The guidance is effective for the Company on a prospective basis, although retrospective application is permitted, as of January 1, 2025 for the annual period. Early adoption is permitted. The Company is currently evaluating the impact of the new guidance on the condensed consolidated financial statements.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The new guidance is expected to improve reportable segment disclosure requirements primarily through enhanced disclosures for significant segment expenses. The guidance is effective for the Company on a retrospective basis as of January 1, 2024 for the annual period and January 1, 2025 for the interim periods. Early adoption is permitted. The Company is currently evaluating the impact of the new guidance on the condensed consolidated financial statements.

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

Segments and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Summary of Financial Information by Reportable Segment

The following table provides summary financial information by reportable segment:


	March 31, 2024		December 31, 2023
Identifiable segment-related assets:
CCS	$	3,639.0	$	3,597.8
OWN		996.8		993.8
NICS		1,265.4		1,271.5
ANS		1,834.0		1,957.0
Total identifiable segment-related assets		7,735.2		7,820.1
Reconciliation to total assets:
Cash and cash equivalents		357.2		543.8
Deferred income tax assets		480.2		615.6
Home business assets		81.0		113.8
Assets held for sale		—		278.6
Total assets	$	8,653.6	$	9,371.9

Summary of Net Sales, Adjusted EBITDA, Depreciation Expense and Additions to PP&E by Reportable Segment

The following table provides net sales, adjusted EBITDA, depreciation expense and additions to property, plant and equipment by reportable segment:


	Three Months Ended
	March 31,
	2024			2023
Net sales:
CCS	$	604.7		$	821.1
OWN		196.0			258.4
NICS		180.3			284.5
ANS		187.4			300.4
Consolidated net sales	$	1,168.4		$	1,664.4

Segment adjusted EBITDA:
CCS	$	95.1		$	151.0
OWN		44.3			59.5
NICS		(1.1	)		58.0
ANS		14.7			46.7
Corporate and other		—			(1.5	)
Total segment adjusted EBITDA		153.0			313.7
Amortization of intangible assets		(74.2	)		(100.6	)
Restructuring (costs) credits, net		(30.6	)		11.1
Equity-based compensation		(11.2	)		(12.4	)
Transaction, transformation and integration costs		(8.5	)		(0.3	)
Acquisition accounting adjustments		(0.1	)		(0.5	)
Depreciation		(25.5	)		(27.9	)
Consolidated operating income	$	2.9		$	183.1

Depreciation expense:
CCS	$	13.8		$	15.2
OWN		2.7			3.2
NICS		3.1			3.4
ANS		5.9			5.9
Corporate and other		—			0.2
Consolidated depreciation expense	$	25.5		$	27.9

Additions to property, plant and equipment:
CCS	$	3.6		$	8.6
OWN		0.6			1.3
NICS		0.6			1.0
ANS		1.1			2.1
Corporate and other		—			0.7
Consolidated additions to property, plant and equipment	$	5.9		$	13.7

Summary of Sales by Geographic Region, Based on Destination of Product Shipments or Service Provided

Sales by geographic region, based on the destination of product shipments or service provided, were as follows:


	Three Months Ended March 31, 2024
	CCS		OWN		NICS		ANS		Total
Geographic Region:
United States	$	388.2	$	121.5	$	107.2	$	140.2	$	757.1
Europe, Middle East and Africa		99.2		47.1		45.0		12.2		203.5
Asia Pacific		84.1		22.4		20.5		8.5		135.5
Caribbean and Latin America		23.5		3.4		4.8		16.0		47.7
Canada		9.7		1.6		2.8		10.5		24.6
Consolidated net sales	$	604.7	$	196.0	$	180.3	$	187.4	$	1,168.4

	Three Months Ended March 31, 2023
	CCS		OWN		NICS		ANS		Total
Geographic Region:
United States	$	562.9	$	184.7	$	174.7	$	225.3	$	1,147.6
Europe, Middle East and Africa		113.4		47.8		70.0		33.4		264.6
Asia Pacific		90.0		20.3		29.2		5.0		144.5
Caribbean and Latin America		37.4		3.2		7.1		21.7		69.4
Canada		17.4		2.4		3.5		15.0		38.3
Consolidated net sales	$	821.1	$	258.4	$	284.5	$	300.4	$	1,664.4

Subsequent Events - Additional information (Detail) - Oct. 02, 2023 - Vantiva [Member] € in Millions, $ in Millions	EUR (€)	USD ($)
Subsequent Event [Line Items]
Earn-out payment, up to \| $		$ 100
Adjusted EBITDA	€ 400
Adjusted EBITDA threshold	€ 400

Series A Convertible Preferred Stock

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Series A Convertible Preferred Stock

10. SERIES A CONVERTIBLE PREFERRED STOCK

On April 4, 2019, the Company issued and sold 1,000,000 shares of the Convertible Preferred Stock to Carlyle for $1.0 billion, or $1,000 per share, pursuant to an Investment Agreement between the Company and Carlyle, dated November 8, 2018. The Convertible Preferred Stock is convertible, at the option of the holders, at any time into shares of CommScope common stock at an initial conversion rate of 36.3636 shares of common stock per share of the Convertible Preferred Stock (equivalent to $27.50 per common share). The conversion rate is subject to customary antidilution and other adjustments. As of March 31, 2024, the Company had authorized 1,400,000 shares of the Convertible Preferred Stock.

Holders of the Convertible Preferred Stock are entitled to a cumulative dividend at the rate of 5.5% per year, payable quarterly in arrears. Dividends can be paid in cash, in-kind through the issuance of additional shares of the Convertible Preferred Stock or any combination of the two, at the Company’s option. The Company paid dividends in-kind of $16.0 million and $15.1 million during the three months ended March 31, 2024 and 2023, respectively, which were recorded as additional Convertible Preferred Stock in the Condensed Consolidated Balance Sheets.

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (359.2)	$ 3.4

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Financing

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Financing

. FINANCING


	March 31, 2024			December 31, 2023
7.125% senior notes due July 2028	$	641.6		$	641.6
5.00% senior notes due March 2027		750.0			750.0
8.25% senior notes due March 2027		866.9			866.9
6.00% senior notes due June 2025		1,274.6			1,274.6
4.75% senior secured notes due September 2029		1,250.0			1,250.0
6.00% senior secured notes due March 2026		1,500.0			1,500.0
Senior secured term loan due April 2026		3,056.0			3,064.0
Senior secured revolving credit facility		—			—
Total principal amount of debt		9,339.1			9,347.1
Less: Original issue discount, net of amortization		(10.3	)		(11.5	)
Less: Debt issuance costs, net of amortization		(52.2	)		(57.0	)
Less: Current portion		(32.0	)		(32.0	)
Total long-term debt	$	9,244.6		$	9,246.6

Background and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary of Activity in Product Warranty Accrual, Included in Accrued and Other Liabilities and Other Noncurrent Liabilities on the Condensed Consolidated Balance Sheets

The following table summarizes the activity in the product warranty accrual, included in accrued and other liabilities and other noncurrent liabilities on the Condensed Consolidated Balance Sheets:


	Three Months Ended
	March 31,
	2024			2023
Product warranty accrual, beginning of period	$	27.4		$	33.7
Provision for warranty claims		6.8			5.0
Warranty claims paid		(6.6	)		(4.4	)
Product warranty accrual, end of period	$	27.6		$	34.3

Summary of EPS, Weighted Average Common Shares and Potential Common Shares Outstanding

The following table presents the basis for the EPS computations (in millions, except per share data):


	Three Months Ended
	March 31,
	2024			2023
Numerator:
Income (loss) from continuing operations	$	(262.1	)	$	29.8
Loss from discontinued operations, net of tax		(97.1	)		(26.4	)
Net income (loss)	$	(359.2	)	$	3.4
Dividends on Series A convertible preferred stock		(16.0	)		(15.1	)
Net loss attributable to common stockholders	$	(375.2	)	$	(11.7	)

Denominator:
Weighted average common shares outstanding – basic		212.3			208.9
Dilutive effect of as-if converted Series A convertible preferred stock		—			—
Dilutive effect of equity-based awards		—			3.2
Weighted average common shares outstanding – diluted		212.3			212.1

Basic:
Earnings (loss) from continuing operations per share	$	(1.31	)	$	0.07
Loss from discontinued operations per share		(0.46	)		(0.13	)
Loss per share	$	(1.77	)	$	(0.06	)

Diluted:
Earnings (loss) from continuing operations per share	$	(1.31	)	$	0.07
Loss from discontinued operations per share		(0.46	)		(0.12	)
Loss per share	$	(1.77	)	$	(0.05	)

Fair Value Measurements - Carrying Amounts, Estimated Fair Values and Valuation Input Levels of the Company's Debt Instruments, Interest Rate Swap Contracts and Foreign Currency Contracts (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Foreign currency contracts	$ 7.2	$ 3.6
Interest rate swap contracts	0.0	8.0
Carrying Amount [Member] \| Assets [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Foreign currency contracts	3.8	8.7
Interest rate swap contracts	1.5	0.0
Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Foreign currency contracts	7.2	3.6
Interest rate swap contracts	0.0	8.0
Fair Value [Member] \| Assets [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Foreign currency contracts	3.8	8.7
Interest rate swap contracts	1.5	0.0
7.125% Senior Notes Due 2028 [Member] \| Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	641.6	641.6
7.125% Senior Notes Due 2028 [Member] \| Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	250.2	301.6
5.00% Senior Notes Due 2027 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	750.0	750.0
5.00% Senior Notes Due 2027 [Member] \| Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	750.0	750.0
5.00% Senior Notes Due 2027 [Member] \| Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	285.0	312.2
8.25% Senior Notes Due 2027 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	866.9	866.9
8.25% Senior Notes Due 2027 [Member] \| Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	866.9	866.9
8.25% Senior Notes Due 2027 [Member] \| Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	398.8	454.9
6.00% Senior Notes Due 2025 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	1,274.6	1,274.6
6.00% Senior Notes Due 2025 [Member] \| Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	1,274.6	1,274.6
6.00% Senior Notes Due 2025 [Member] \| Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	1,099.3	1,038.8
4.75% Senior Secured Notes Due 2029 [Member] \| Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior secured notes	1,250.0	1,250.0
4.75% Senior Secured Notes Due 2029 [Member] \| Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	893.8	840.6
6.00% Senior Secured Notes Due 2026 [Member] \| Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior secured notes	1,500.0	1,500.0
6.00% Senior Secured Notes Due 2026 [Member] \| Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	1,370.6	1,327.5
Senior Secured Term Loan Due 2026 (Member) \| Carrying Amount [Member] \| Liabilities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior secured notes	3,056.0	3,064.0
Senior Secured Term Loan Due 2026 (Member) \| Fair Value [Member] \| Liabilities [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior notes	$ 2,781.0	$ 2,742.3

Stockholders' Equity - Summary of the Equity-Based Compensation Expense Included in the Statements of Operations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total equity-based compensation expense	$ 11.2	$ 12.4
Selling, General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total equity-based compensation expense	8.2	7.8
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total equity-based compensation expense	1.9	3.0
Cost of Sales [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total equity-based compensation expense	$ 1.1	$ 1.6

Discontinued Operations

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

2. DISCONTINUED OPERATIONS

On January 9, 2024, the Company completed the sale of the Home business to Vantiva pursuant to the Call Option Agreement entered into on October 2, 2023 and the Purchase Agreement dated as of December 7, 2023, in exchange for (i) 134,704,669 shares of Vantiva common stock representing a 24.73% equity stake in Vantiva (determined on a fully diluted basis), (ii) $250,465 in cash (in addition to cash paid in exchange for the cash on the Home business companies’ balance sheets) and (iii) an earn-out of up to $100 million in the aggregate. The earn-out payments are contingent upon Vantiva achieving adjusted EBITDA equal to or greater than €400 million for one or more of Vantiva’s first five fiscal years following the closing of the transaction. The earn-out payment with respect to any fiscal year will be subject to an additional annual cap, the amount of which will depend on certain elections made by the Company following Vantiva reaching the €400 million adjusted EBITDA threshold for the first time, and on Vantiva’s maintenance of certain liquidity levels (after giving effect to such payment).

In the fourth quarter of 2023, the Home business qualified as “held for sale” per ASC 360-10 and was classified as a discontinued operation per ASC 205-20, as the Company determined, qualitatively and quantitatively, that this transaction represents a strategic shift that has or will have a major effect on the Company’s operations and financial results. As such, activity directly attributable to the Home business has been removed from continuing operations and presented in loss from discontinued operations, net of income taxes, on the Condensed Consolidated Statements of Operations for all periods presented. In addition, all assets and liabilities of the Home business were classified as assets and liabilities held for sale on the Consolidated Balance Sheets as of December 31, 2023, and in connection with the “held for sale” classification, the Company recognized a loss on classification as held for sale of $177.0 million in the fourth quarter of 2023. Upon the closing of the transaction on January 9, 2024, the Company recognized an additional loss of $69.8 million, which was included in loss from of discontinued operations, net of income taxes, on the Condensed Consolidated Statements of Operations for the three months ended March 31, 2024.

In conjunction with the closing of the transaction, the Company entered into a transition service agreement (TSA) with Vantiva (Vantiva TSA), whereby the Company provides and receives certain post-closing support on a transitional basis which are included in continuing operations in transition service agreement income. The terms of the Vantiva TSA vary based on the services provided thereunder, with the longest such term having a duration of sixteen months. The Vantiva TSA provides options to extend services for up to two renewal terms of three months each. Following the closing of the transaction, the Company also entered into a Supply Agreement with Vantiva (Vantiva Supply Agreement), whereby the Company sells certain retained inventory at cost, or market price if below cost, for a period of two years. The Company’s investment in Vantiva is accounted for using the equity method of accounting, and the carrying value of the investment is included in other noncurrent assets in the Condensed Consolidated Balance Sheet. The Company's proportionate share of income or loss on the equity investment will be recorded in discontinued operations in the Condensed Consolidated Statements of Operations on a one-quarter lag basis. As such, no income or loss on the equity investment in Vantiva was recorded in the first quarter of 2024. The investment in the ordinary shares is subject to a lock-up period, until the earlier of eighteen months, or the occurrence of a change of control or the entry into an agreement that would result in a change of control, following closing.

The following table presents the summarized components of loss from discontinued operations, net of income taxes:


	Three Months Ended
	March 31,
	2024			2023
Net sales	$	10.7		$	337.1
Cost of sales (1)		23.7			275.5
Gross profit (loss)		(13.0	)		61.6
Operating expenses:
Selling, general and administrative		11.6			31.5
Research and development		0.2			27.9
Amortization of purchased intangible assets		6.4			25.8
Restructuring costs, net		—			7.0
Total operating expenses		18.2			92.2
Operating loss		(31.2	)		(30.6	)
Other income, net		—			0.4
Loss from operations of discontinued Home business before income taxes		(31.2	)		(30.2	)
Loss on disposal of Home business before income taxes		(48.3	)		—
Income tax (expense) benefit		(17.6	)		3.8
Loss from discontinued operations, net of income taxes	$	(97.1	)	$	(26.4	)

(1)

Cost of sales includes a charge of $19.5 million for excess and obsolete inventory related to the Home business during the three months ended March 31, 2024.

The following table presents balance sheet information for assets and liabilities held for sale:


	December 31, 2023
Accounts receivable, net	$	253.6
Inventories, net		118.4
Prepaid expenses and other		23.9
Other assets		59.7
Total current assets		455.6
Loss on classification of held for sale		(177.0	)
Total current assets held for sale	$	278.6

Accounts payable	$	192.5
Accrued and other liabilities		101.7
Other liabilities		13.0
Total current liabilities held for sale	$	307.2

The following table presents the details of the loss on disposal of Home business:


	January 9, 2024
Consideration received (net of cash acquired):
Fair value of shares issued to seller	$	17.0
Total disposal consideration		17.0
Carrying value of net assets sold		(37.9	)
Loss on disposal of Home business before income taxes and reclassification of foreign currency translation		(20.9	)
Reclassification of foreign currency translation		(27.4	)
Loss on disposal of Home business before income taxes		(48.3	)
Income tax expense		(21.5	)
Loss on disposal of Home business, net of income taxes	$	(69.8	)

The cash flows related to discontinued operations have not been segregated in the Condensed Consolidated Statements of Cash Flows, and accordingly, they include the results from continuing and discontinued operations. The following table summarizes significant non-cash operating items of the discontinued operations included in the Condensed Consolidated Statements of Cash Flows:


	Three Months Ended
	March 31,
	2024		2023
Loss on disposal of Home business	$	48.3	$	—
Depreciation and amortization		6.4		29.1

Revenue From Contracts With Customers - Summary of the Balance Sheet Location and Amounts of Contract Assets and Liabilities from Contracts with Customers (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Contract Assets And Liabilities [Line Items]
Deferred revenue - current	$ 111.1	$ 85.4
Total contract liabilities	182.2	156.0
Accounts Receivable, Net of Allowance for Doubtful Accounts [Member]
Schedule Of Contract Assets And Liabilities [Line Items]
Unbilled accounts receivable	22.5	16.8
Accrued and Other Liabilities [Member]
Schedule Of Contract Assets And Liabilities [Line Items]
Deferred revenue - current	111.1	85.4
Other Noncurrent Liabilities [Member]
Schedule Of Contract Assets And Liabilities [Line Items]
Deferred revenue - noncurrent	$ 71.1	$ 70.6

Segments and Geographic Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Inventory, Net	$ 1,044.1		$ 1,079.7
Retained Business [Member]
Segment Reporting Information [Line Items]
Inventory, Net	$ 60.8		$ 88.0
Non-US [Member] \| Sales Revenue, Net [Member] \| Customer Concentration Risk [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	35.20%	31.10%

Stockholders' Equity - Summary of RSU Activity (Detail) - Restricted Stock Units (RSUs) [Member] shares in Millions	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested share units, Beginning balance \| shares	11.5
Shares, Granted \| shares	1.5
Shares, Forfeited \| shares	(0.3)
Non-vested share units, Ending balance \| shares	12.7
Weighted Average Grant Date Fair Value Per Share, Non-vested share units, Beginning balance \| $ / shares	$ 6.62
Weighted Average Grant Date Fair Value Per Share, Granted \| $ / shares	1.14
Weighted Average Grant Date Fair Value Per Share, Forfeited \| $ / shares	6.42
Weighted Average Grant Date Fair Value Per Share, Non-vested share units, Ending balance \| $ / shares	$ 5.96

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)(3)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Discontinued Operations - Summary of components of Net Loss Discontinued Operations (Parenthetical) (Details) - Discontinued Operations [Member] - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Cost of sales

^[1]

$ 23.7

$ 275.5

Obsolete Inventory [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Cost of sales

$ 19.5

[1]	Cost of sales includes a charge of $19.5 million for excess and obsolete inventory related to the Home business during the three months ended March 31, 2024.

Supplemental Financial Statement Information - Accounts Receivable (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts	$ (30.0)	$ (32.2)
Total accounts receivable, net	836.9	815.2
Accounts Receivable Trade [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	854.2	826.9
Accounts Receivable Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 12.7	$ 20.5

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Carrying Amounts, Estimated Fair Values and Valuation Input Levels of the Company's Debt Instruments, Interest Rate Swap Contracts and Foreign Currency Contracts

The carrying amounts, estimated fair values and valuation input levels of the Company’s debt instruments, interest rate swap contracts and foreign currency contracts as of March 31, 2024 and December 31, 2023, are as follows:


	March 31, 2024				December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Valuation Inputs
Assets:
Foreign currency contracts	$	3.8	$	3.8	$	8.7	$	8.7	Level 2
Interest rate swap contracts		1.5		1.5		—		—	Level 2
Liabilities:
7.125% senior notes due 2028	$	641.6	$	250.2	$	641.6	$	301.6	Level 2
5.00% senior notes due 2027		750.0		285.0		750.0		312.2	Level 2
8.25% senior notes due 2027		866.9		398.8		866.9		454.9	Level 2
6.00% senior notes due 2025		1,274.6		1,099.3		1,274.6		1,038.8	Level 2
4.75% senior secured notes due 2029		1,250.0		893.8		1,250.0		840.6	Level 2
6.00% senior secured notes due 2026		1,500.0		1,370.6		1,500.0		1,327.5	Level 2
Senior secured term loan due 2026		3,056.0		2,781.0		3,064.0		2,742.3	Level 2
Foreign currency contracts		7.2		7.2		3.6		3.6	Level 2
Interest rate swap contracts		—		—		8.0		8.0	Level 2

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Summary of Components of Discontinuing Operations Included in Financial Statements

The following table presents the summarized components of loss from discontinued operations, net of income taxes:


	Three Months Ended
	March 31,
	2024			2023
Net sales	$	10.7		$	337.1
Cost of sales (1)		23.7			275.5
Gross profit (loss)		(13.0	)		61.6
Operating expenses:
Selling, general and administrative		11.6			31.5
Research and development		0.2			27.9
Amortization of purchased intangible assets		6.4			25.8
Restructuring costs, net		—			7.0
Total operating expenses		18.2			92.2
Operating loss		(31.2	)		(30.6	)
Other income, net		—			0.4
Loss from operations of discontinued Home business before income taxes		(31.2	)		(30.2	)
Loss on disposal of Home business before income taxes		(48.3	)		—
Income tax (expense) benefit		(17.6	)		3.8
Loss from discontinued operations, net of income taxes	$	(97.1	)	$	(26.4	)

(1)

Cost of sales includes a charge of $19.5 million for excess and obsolete inventory related to the Home business during the three months ended March 31, 2024.

The following table presents balance sheet information for assets and liabilities held for sale:


	December 31, 2023
Accounts receivable, net	$	253.6
Inventories, net		118.4
Prepaid expenses and other		23.9
Other assets		59.7
Total current assets		455.6
Loss on classification of held for sale		(177.0	)
Total current assets held for sale	$	278.6

Accounts payable	$	192.5
Accrued and other liabilities		101.7
Other liabilities		13.0
Total current liabilities held for sale	$	307.2

The following table presents the details of the loss on disposal of Home business:


	January 9, 2024
Consideration received (net of cash acquired):
Fair value of shares issued to seller	$	17.0
Total disposal consideration		17.0
Carrying value of net assets sold		(37.9	)
Loss on disposal of Home business before income taxes and reclassification of foreign currency translation		(20.9	)
Reclassification of foreign currency translation		(27.4	)
Loss on disposal of Home business before income taxes		(48.3	)
Income tax expense		(21.5	)
Loss on disposal of Home business, net of income taxes	$	(69.8	)


	Three Months Ended
	March 31,
	2024		2023
Loss on disposal of Home business	$	48.3	$	—
Depreciation and amortization		6.4		29.1

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//1943274/2147483499/205-20-50-3

+ Details

Stockholders' Equity

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Stockholders' Equity

11. STOCKHOLDERS’ EQUITY

Equity-Based Compensation Plans

As of March 31, 2024, $59.7 million of total unrecognized compensation expense related to unvested stock options, restricted stock units (RSUs) and performance share units (PSUs) is expected to be recognized over a remaining weighted average period of 1.8 years. There were no significant capitalized equity-based compensation costs at March 31, 2024.

The following table shows a summary of the equity-based compensation expense included in the Condensed Consolidated Statements of Operations:


	Three Months Ended
	March 31,
	2024		2023
Selling, general and administrative		8.2		7.8
Research and development		1.9		3.0
Cost of sales		1.1		1.6
Total equity-based compensation expense	$	11.2	$	12.4

Restricted Stock Units

RSUs entitle the holder to shares of common stock after a vesting period of generally three years. The fair value of the awards is determined on the grant date based on the Company’s stock price.

The following table summarizes the RSU activity (in millions, except per share data):


	Restricted Stock Units			Weighted Average Grant Date Fair Value Per Share
Non-vested share units at December 31, 2023		11.5		$	6.62
Granted		1.5		$	1.14
Forfeited		(0.3	)	$	6.42
Non-vested share units at March 31, 2024		12.7		$	5.96

Performance Share Units

PSUs are stock awards in which the number of shares ultimately received by the employee depends on achievement towards a performance measure. Certain of CommScope’s PSUs have an internal performance measure while others have a market condition performance measure. PSUs generally vest over a three-year period. No PSUs were granted in the first quarter of 2024.

The following table summarizes the PSU activity (in millions, except per share data):


	Performance Share Units			Weighted Average Grant Date Fair Value Per Share
Non-vested share units at December 31, 2023		6.4		$	6.59
Forfeited		(0.3	)	$	14.49
Non-vested share units at March 31, 2024		6.1

Restructuring Costs (Credits), Net - Additional Information (Detail) - Commscope Next [Member] $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Recognized restructuring charges	$ 205.0
2024 [Member]
Restructuring Cost and Reserve [Line Items]
Expected cash payments	$ 9.1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Goodwill

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

3. GOODWILL

The following table presents the activity in goodwill by reportable segment:


	December 31, 2023							Activity			March 31, 2024
	Goodwill		Accumulated Impairment Losses			Total		Foreign Exchange and Other			Goodwill		Accumulated Impairment Losses			Total
CCS	$	2,291.0	$	(150.6	)	$	2,140.4	$	(10.0	)	$	2,281.0	$	(150.6	)	$	2,130.4
OWN		662.7		(159.5	)		503.2		(2.4	)		660.3		(159.5	)		500.8
NICS		650.6		(41.2	)		609.4		(1.4	)		649.2		(41.2	)		608.0
ANS		1,995.4		(1,734.0	)		261.4		(0.2	)		1,995.2		(1,734.0	)		261.2
Total	$	5,599.7	$	(2,085.3	)	$	3,514.4	$	(14.0	)	$	5,585.7	$	(2,085.3	)	$	3,500.4

Goodwill at December 31, 2023 reflects the reorganization of the Company's segment structure, as disclosed in Note 1. As a result of the new segment structure and certain other intrasegment realignments, as of January 1, 2024, the Company assessed goodwill for impairment due to changes in the composition of certain reporting units. The Company performed impairment testing immediately before the change and after the change once goodwill was reallocated and determined that no goodwill impairment existed.

Stockholders' Equity - Summary of PSU Activity (Detail) - Performance Shares [Member] shares in Millions	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested share units, Beginning balance	6.4
Shares, Granted	0.0
Shares, Forfeited	(0.3)
Non-vested share units, Ending balance	6.1
Weighted Average Grant Date Fair Value Per Share, Non-vested share units, Beginning balance \| $ / shares	$ 6.59
Weighted Average Grant Date Fair Value Per Share, Forfeited \| $ / shares	$ 14.49

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Goodwill - Goodwill by Reportable Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Goodwill [Line Items]
Goodwill, gross, Beginning balance	$ 5,585.7	$ 5,599.7
Goodwill, net	3,500.4	3,514.4
Foreign Exchange and Other	(14.0)
Goodwill, gross, Ending balance	5,585.7
Accumulated Impairment Losses	(2,085.3)	(2,085.3)
CCS [Member]
Goodwill [Line Items]
Goodwill, gross, Beginning balance	2,281.0	2,291.0
Goodwill, net	2,130.4	2,140.4
Foreign Exchange and Other	(10.0)
Goodwill, gross, Ending balance	2,281.0
Accumulated Impairment Losses	(150.6)	(150.6)
OWN [Member]
Goodwill [Line Items]
Goodwill, gross, Beginning balance	660.3	662.7
Goodwill, net	500.8	503.2
Foreign Exchange and Other	(2.4)
Goodwill, gross, Ending balance	660.3
Accumulated Impairment Losses	(159.5)	(159.5)
NICS [Member]
Goodwill [Line Items]
Goodwill, gross, Beginning balance	649.2	650.6
Goodwill, net	608.0	609.4
Foreign Exchange and Other	(1.4)
Goodwill, gross, Ending balance	649.2
Accumulated Impairment Losses	(41.2)	(41.2)
ANS [Member]
Goodwill [Line Items]
Goodwill, gross, Beginning balance	1,995.2	1,995.4
Goodwill, net	261.2	261.4
Foreign Exchange and Other	(0.2)
Goodwill, gross, Ending balance	1,995.2
Accumulated Impairment Losses	$ (1,734.0)	$ (1,734.0)

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Background and Basis of Presentation - Additional Information (Detail) shares in Millions, $ in Millions	3 Months Ended			12 Months Ended
	Mar. 31, 2024 USD ($) Customer shares	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($) Customer shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Percentage of convertible preferred stock owned	100.00%
Related party transactions	$ 0.0
Guarantee agreements amount	0.0		$ 0.0	$ 0.0	$ 0.0
Advance payment on long term supply	$ 30.0	$ 120.0		$ 30.0
Increase in purchase of raw material		$ 137.0
Product warranty term	These product warranties extend over various periods, depending on the product subject to the warranty and the terms of the individual agreements
Intangible asset impairment charges, excluding goodwill	$ 0.0		0.0
Impairment of goodwill	0.0		0.0
Income tax (expense) benefit	(99.8)		4.0
Pre-tax net loss for the period	$ (162.3)		25.8
Tax benefits related uncertain tax positions			$ 8.3
Dilutive effect of equity-based awards \| shares	0.0		3.2
Guarantees [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Letters of credit outstanding amount	$ 35.9
Convertible Preferred Stock [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Dilutive effect of equity-based awards \| shares	42.3		40.0
Stock Compensation Plan [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Amount of outstanding equity based awards not included in computation of diluted EPS \| shares	18.0		12.2
Dilutive effect of equity-based awards \| shares	1.4
Customer Concentration Risk [Member] \| Sales Revenue, Net [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Direct customer accounted for 10% or more of the Company's accounts receivable and total net sales \| Customer	0		0
Customer Concentration Risk [Member] \| Accounts Receivable [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Direct customer accounted for 10% or more of the Company's accounts receivable and total net sales \| Customer	0
Customer Concentration Risk [Member] \| Minimum [Member] \| Sales Revenue, Net [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Concentration risk percentage	10.00%		10.00%
Customer Concentration Risk [Member] \| Minimum [Member] \| Accounts Receivable [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Concentration risk percentage	10.00%

Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock at Cost [Member]
Beginning balance, Shares at Dec. 31, 2022		208,371,426
Issuance of shares under equity-based compensation plans, shares		2,107,228
Shares surrendered under equity-based compensation plans		(700,666)
Ending balance, Shares at Mar. 31, 2023		209,777,988
Beginning balance at Dec. 31, 2022	$ (3,331.6)	$ 2.2	$ 2,542.9	$ (3,502.2)	$ (296.3)	$ (292.6)
Equity-based compensation			13.5
Dividend on Series A convertible preferred stock			(15.1)
Net income (loss)	3.4			3.4
Other comprehensive income, net of tax	18.8				18.8
Net shares surrendered under equity-based compensation plans						(5.0)
Ending balance at Mar. 31, 2023	$ (1,530.4)	$ 2.2	2,541.3	(3,498.8)	(277.5)	(297.6)
Beginning balance, Shares at Dec. 31, 2023	212,108,634	212,108,634
Issuance of shares under equity-based compensation plans, shares		231,834
Shares surrendered under equity-based compensation plans		(75,714)
Ending balance, Shares at Mar. 31, 2024	212,264,754	212,264,754
Beginning balance at Dec. 31, 2023	$ (2,968.8)	$ 2.3	2,550.4	(4,953.1)	(266.7)	(301.7)
Equity-based compensation			11.2
Dividend on Series A convertible preferred stock			(16.0)
Net income (loss)	(359.2)			(359.2)
Other comprehensive income, net of tax	1.4				1.4
Net shares surrendered under equity-based compensation plans						(0.2)
Ending balance at Mar. 31, 2024	$ (3,331.6)	$ 2.3	$ 2,545.6	$ (5,312.3)	$ (265.3)	$ (301.9)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Background and Basis of Presentation

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Background and Basis of Presentation

1. BACKGROUND AND BASIS OF PRESENTATION

Background

CommScope Holding Company, Inc., along with its direct and indirect subsidiaries (CommScope or the Company), is a global provider of infrastructure solutions for communication, data center and entertainment networks. The Company’s solutions for wired and wireless networks enable service providers, including cable, telephone and digital broadcast satellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services and Wi-Fi to their subscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networking environments. The Company’s solutions are complemented by services including technical support, systems design and integration. CommScope is a leader in digital video and IP television distribution systems, broadband access infrastructure platforms and equipment that delivers data and voice networks to homes. CommScope’s global leadership position is built upon innovative technology, broad solution offerings, high-quality and cost-effective customer solutions, and global manufacturing and distribution scale.

On January 9, 2024, the Company completed the sale of its Home Networks (Home) segment and substantially all of the associated segment assets and liabilities (Home business) to Vantiva SA (Vantiva) pursuant to the Call Option Agreement entered into on October 2, 2023 and Purchase Agreement dated as of December 7, 2023. In the fourth quarter of 2023, the Company determined the sale of the Home business met the “held for sale” criteria and the “discontinued operations” criteria in accordance with accounting guidance. All prior period amounts in these condensed consolidated financial statements have been recast to reflect the discontinuation of the Home business. The discussions in these condensed consolidated financial statements relate solely to the Company’s continuing operations, unless otherwise noted. As a result, the Company is reporting financial performance based on the following remaining four operating segments, which excludes the Home business: Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS) and Access Network Solutions (ANS). See Note 2 for further discussion of the discontinued operations related to the Home business.

Basis of Presentation

Concentrations of Risk and Related Party Transactions

Commitments and Contingencies

Product Warranties

The following table summarizes the activity in the product warranty accrual, included in accrued and other liabilities and other noncurrent liabilities on the Condensed Consolidated Balance Sheets:


	Three Months Ended
	March 31,
	2024			2023
Product warranty accrual, beginning of period	$	27.4		$	33.7
Provision for warranty claims		6.8			5.0
Warranty claims paid		(6.6	)		(4.4	)
Product warranty accrual, end of period	$	27.6		$	34.3

Third-Party Guarantees

Non-cancellable Purchase Obligations

Legal Proceedings

Asset Impairments

Goodwill

Long-lived Assets

Income Taxes

Earnings (Loss) Per Share

The following table presents the basis for the EPS computations (in millions, except per share data):


	Three Months Ended
	March 31,
	2024			2023
Numerator:
Income (loss) from continuing operations	$	(262.1	)	$	29.8
Loss from discontinued operations, net of tax		(97.1	)		(26.4	)
Net income (loss)	$	(359.2	)	$	3.4
Dividends on Series A convertible preferred stock		(16.0	)		(15.1	)
Net loss attributable to common stockholders	$	(375.2	)	$	(11.7	)

Denominator:
Weighted average common shares outstanding – basic		212.3			208.9
Dilutive effect of as-if converted Series A convertible preferred stock		—			—
Dilutive effect of equity-based awards		—			3.2
Weighted average common shares outstanding – diluted		212.3			212.1

Basic:
Earnings (loss) from continuing operations per share	$	(1.31	)	$	0.07
Loss from discontinued operations per share		(0.46	)		(0.13	)
Loss per share	$	(1.77	)	$	(0.06	)

Diluted:
Earnings (loss) from continuing operations per share	$	(1.31	)	$	0.07
Loss from discontinued operations per share		(0.46	)		(0.12	)
Loss per share	$	(1.77	)	$	(0.05	)

Recent Accounting Pronouncements

Adopted During the Three Months Ended March 31, 2024

Issued but Not Adopted

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 30.0	$ 32.2
Property, plant and equipment, accumulated depreciation	$ 880.9	$ 866.1
Series A convertible preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Series A convertible preferred stock, shares issued	1,178,063	1,178,063
Series A convertible preferred stock, shares outstanding	1,162,085	1,162,085
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,300,000,000	1,300,000,000
Common stock, shares issued	212,264,754	212,108,634
Common stock, shares outstanding	212,264,754	212,108,634
Treasury stock, Shares	14,499,840	14,424,126

Revenue From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Allowance for Doubtful Accounts


	Three Months Ended
	March 31,
	2024			2023
Allowance for doubtful accounts, beginning of period	$	32.2		$	50.1
Provision (benefit)		0.3			(0.5	)
Write-offs		(2.1	)		(0.2	)
Foreign exchange and other		(0.4	)		0.2
Allowance for doubtful accounts, end of period	$	30.0		$	49.6

Summary of the Balance Sheet Location and Amounts of Contract Assets and Liabilities from Contracts with Customers

The following table provides the balance sheet location and amounts of contract assets, or unbilled accounts receivable, and contract liabilities, or deferred revenue, from contracts with customers:


Contract Balance Type	Balance Sheet Location	March 31, 2024		December 31, 2023
Unbilled accounts receivable	Accounts receivable, net of allowance for doubtful accounts	$	22.5	$	16.8

Deferred revenue - current	Accrued and other liabilities	$	111.1	$	85.4
Deferred revenue - noncurrent	Other noncurrent liabilities		71.1		70.6
Total contract liabilities		$	182.2	$	156.0

Supplemental Financial Statement Information (Tables)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Accounts Receivable


	March 31, 2024			December 31, 2023
Accounts receivable - trade	$	854.2		$	826.9
Accounts receivable - other		12.7			20.5
Allowance for doubtful accounts		(30.0	)		(32.2	)
Total accounts receivable, net	$	836.9		$	815.2

Inventories


	March 31, 2024		December 31, 2023
Raw materials	$	540.9	$	551.4
Work in process		180.7		165.6
Finished goods		322.5		362.7
Total inventories, net	$	1,044.1	$	1,079.7

Accrued and Other Liabilities


	March 31, 2024		December 31, 2023
Compensation and employee benefit liabilities	$	134.0	$	178.6
Deferred revenue		111.1		85.4
Accrued interest		57.0		113.2
Operating lease liabilities		36.8		36.5
Product warranty accrual		26.3		26.0
Restructuring liabilities		9.1		11.7
Other		188.0		182.9
Total accrued and other liabilities	$	562.3	$	634.3

Operating Lease Information


	Balance Sheet Location	March 31, 2024		December 31, 2023
Right of use assets	Other noncurrent assets	$	153.8	$	157.2

Lease liabilities - current	Accrued and other liabilities	$	36.8	$	36.5
Lease liabilities - noncurrent	Other noncurrent liabilities		135.0		139.9
Total lease liabilities		$	171.8	$	176.4

Changes in Accumulated Other Comprehensive Loss, Net of Tax

The following table presents changes in accumulated other comprehensive loss (AOCL), net of tax:


	Three Months Ended
	March 31,
	2024			2023
Foreign currency translation
Balance at beginning of period	$	(232.4	)	$	(270.3	)
Other comprehensive income (loss)		(32.6	)		20.4
Amounts reclassified from AOCL		27.4			—
Balance at end of period	$	(237.6	)	$	(249.9	)

Defined benefit plan activity
Balance at beginning of period	$	(14.9	)	$	(14.8	)
Other comprehensive loss		(0.2	)		(0.1	)
Balance at end of period	$	(15.1	)	$	(14.9	)

Hedging instruments
Balance at beginning of period	$	(19.4	)	$	(11.2	)
Other comprehensive income (loss)		6.8			(1.5	)
Balance at end of period	$	(12.6	)	$	(12.7	)
Net AOCL at end of period	$	(265.3	)	$	(277.5	)

Cash Flow Information


	Three Months Ended
	March 31,
	2024		2023
Cash paid during the period for:
Income taxes, net of refunds	$	13.4	$	20.7
Interest		217.8		219.8
Non-cash investing activities:
Equity method investment from divestiture		17.0		—

Discontinued Operations - Additional Information (Detail) € in Millions, $ in Millions				3 Months Ended
	Jan. 09, 2024 USD ($)	Dec. 07, 2023 USD ($) shares	Oct. 02, 2023 EUR (€)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Oct. 02, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on classification as held for sale					$ 177.0
Additional loss	$ 69.8
Discontinued Operations, Held-for-Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional loss				$ (31.2)		$ (30.2)
Vantiva [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Business acquisition number of shares issued \| shares		134,704,669
Cash payments for business acquisition		$ 250,465.0
Earn-out payment, up to							$ 100.0
Adjusted EBITDA \| €			€ 400
Adjusted EBITDA threshold \| €			€ 400
Vantiva [Member] \| Initial Shares Purchased [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Business acquisition non cash ownership interest acquired		24.73%

Discontinued Operations - Summary of components of balance sheet information for assets and liabilities held for sale (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets	$ 0.0	$ 278.6
Total current liabilities held for sale	$ 0.0	307.2
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net		253.6
Inventories, net		118.4
Prepaid expenses and other		23.9
Other assets		59.7
Total current assets		455.6
Loss on classification of held for sale		(177.0)
Total current assets held for sale		278.6
Accounts payable		192.5
Accrued and other liabilities		101.7
Other liabilities		13.0
Total current liabilities held for sale		$ 307.2

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 357.2	$ 543.8
Accounts receivable, net of allowance for doubtful accounts of $30.0 and $32.2, respectively	836.9	815.2
Inventories, net	1,044.1	1,079.7
Prepaid expenses and other current assets	169.2	145.4
Current assets held for sale	0.0	278.6
Total current assets	2,407.4	2,862.7
Property, plant and equipment, net of accumulated depreciation of $880.9 and $866.1, respectively	455.8	500.6
Goodwill	3,500.4	3,514.4
Other intangible assets, net	1,499.9	1,582.7
Deferred income taxes	480.2	615.6
Other noncurrent assets	309.9	295.9
Total assets	8,653.6	9,371.9
Liabilities and Stockholders' Equity (Deficit)
Accounts payable	454.6	435.9
Accrued and other liabilities	562.3	634.3
Current portion of long-term debt	32.0	32.0
Current liabilities held for sale	0.0	307.2
Total current liabilities	1,048.9	1,409.4
Long-term debt	9,244.6	9,246.6
Deferred income taxes	121.4	110.7
Other noncurrent liabilities	392.2	411.9
Total liabilities	10,807.1	11,178.6
Commitments and contingencies
Series A convertible preferred stock, $0.01 par value	1,178.1	1,162.1
Stockholders' equity (deficit):
Preferred stock, $0.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: 1,178,063 and 1,62,085 respectively, Series A convertible preferred stock	0.0	0.0
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 212,264,754 and 212,108,634, respectively	2.3	2.3
Additional paid-in capital	2,545.6	2,550.4
Accumulated deficit	(5,312.3)	(4,953.1)
Accumulated other comprehensive loss	(265.3)	(266.7)
Treasury stock, at cost: 14,499,840 shares and 14,428,126 shares, respectively	(301.9)	(301.7)
Total stockholders' deficit	(3,331.6)	(2,968.8)
Total liabilities and stockholders' deficit	$ 8,653.6	$ 9,371.9

Restructuring Costs (Credits), Net (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Company's Net Pretax Restructuring Charges

The Company’s net pretax restructuring activity included in restructuring costs (credits), net on the Condensed Consolidated Statements of Operations, by segment, was as follows:


	Three Months Ended
	March 31,
	2024		2023
CCS	$	0.3	$	(14.9	)
OWN		0.1		—
NICS		1.2		1.9
ANS		29.0		1.4
Corporate and other		—		0.5
Total	$	30.6	$	(11.1	)

Restructuring Reserves Included in Company's Condensed Consolidated Balance Sheets

Restructuring liabilities were included in the Company’s Condensed Consolidated Balance Sheets as follows:


	March 31, 2024		December 31, 2023
Accrued and other liabilities	$	9.1	$	11.7
Other noncurrent liabilities		—		0.1
Total restructuring liabilities	$	9.1	$	11.8

Activity within Liability Established for Restructuring Actions, Included in Other Accrued Liabilities

The activity within the liability established for CommScope NEXT restructuring actions was as follows:


	Employee-Related Costs			Other			Total
Balance at December 31, 2023	$	11.7		$	—		$	11.7
Additional expense, net		6.4			24.1			30.5
Cash paid		(9.0	)		(0.3	)		(9.3	)
Foreign exchange and other non-cash items		—			(23.8	)		(23.8	)
Balance at March 31, 2024	$	9.1		$	—		$	9.1

Fair Value Measurements

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

7. FAIR VALUE MEASUREMENTS

The Company’s financial instruments consist primarily of cash and cash equivalents, trade receivables, trade payables, debt instruments, interest rate swap contracts and foreign currency contracts. For cash and cash equivalents, trade receivables and trade payables, the carrying amounts of these financial instruments as of March 31, 2024 and December 31, 2023 were considered representative of their fair values due to their short terms to maturity. The fair values of the Company’s debt instruments, interest rate swap contracts and foreign currency contracts were based on indicative quotes.

Fair value measurements using quoted prices in active markets for identical assets and liabilities fall within Level 1 of the fair value hierarchy, measurements using significant other observable inputs fall within Level 2, and measurements using significant unobservable inputs fall within Level 3.


	March 31, 2024				December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Valuation Inputs
Assets:
Foreign currency contracts	$	3.8	$	3.8	$	8.7	$	8.7	Level 2
Interest rate swap contracts		1.5		1.5		—		—	Level 2
Liabilities:
7.125% senior notes due 2028	$	641.6	$	250.2	$	641.6	$	301.6	Level 2
5.00% senior notes due 2027		750.0		285.0		750.0		312.2	Level 2
8.25% senior notes due 2027		866.9		398.8		866.9		454.9	Level 2
6.00% senior notes due 2025		1,274.6		1,099.3		1,274.6		1,038.8	Level 2
4.75% senior secured notes due 2029		1,250.0		893.8		1,250.0		840.6	Level 2
6.00% senior secured notes due 2026		1,500.0		1,370.6		1,500.0		1,327.5	Level 2
Senior secured term loan due 2026		3,056.0		2,781.0		3,064.0		2,742.3	Level 2
Foreign currency contracts		7.2		7.2		3.6		3.6	Level 2
Interest rate swap contracts		—		—		8.0		8.0	Level 2

Non-Recurring Fair Value Measurements

During the quarter ended March 31, 2024, the Company recognized a loss on impairment of unutilized real estate within restructuring costs (credits), net on the Condensed Consolidated Statements of Operations. In addition, the Company recorded a loss on disposal of the Home business in loss from discontinued operations, net of income taxes on the Condensed Consolidated Statements of Operations. The fair values were determined using Level 1 and Level 3 valuation inputs which included contractual payment amounts and market comparable information. See Notes 2 and 9 in these unaudited condensed consolidated financial statements.

These fair value estimates are based on pertinent information available to management as of the valuation date. Although management is not aware of any factors that would significantly affect these fair value estimates, such amounts have not been comprehensively revalued for purposes of these financial statements since those dates, and current estimates of fair value may differ significantly from the amounts presented.

Restructuring Costs (Credits), Net - Restructuring Liabilities Included in Company's Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities	$ 9.1	$ 11.7
Total restructuring liabilities	9.1	11.8
Accrued and Other Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities	9.1	11.7
Other Noncurrent Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, non-current	$ 0.0	$ 0.1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Restructuring Costs (Credits), Net - Summary of Company's Net Pretax Restructuring Charges (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring costs (credits), net	$ 30.6	$ (11.1)
CCS [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs (credits), net	0.3	(14.9)
OWN [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs (credits), net	0.1	0.0
NICS [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs (credits), net	1.2	1.9
ANS [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs (credits), net	29.0	1.4
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs (credits), net	$ 0.0	$ 0.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Revenue From Contracts With Customers - Allowance for Doubtful Accounts (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts and Financing Receivable, after Allowance for Credit Loss, Current and Noncurrent [Abstract]
Allowance for doubtful accounts, beginning of period	$ 32.2	$ 50.1
Provision (benefit)	0.3	(0.5)
Write-offs	(2.1)	(0.2)
Foreign exchange and other	(0.4)	0.2
Allowance for doubtful accounts, end of period	$ 30.0	$ 49.6

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Goodwill (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by Reportable Segment

The following table presents the activity in goodwill by reportable segment:


	December 31, 2023							Activity			March 31, 2024
	Goodwill		Accumulated Impairment Losses			Total		Foreign Exchange and Other			Goodwill		Accumulated Impairment Losses			Total
CCS	$	2,291.0	$	(150.6	)	$	2,140.4	$	(10.0	)	$	2,281.0	$	(150.6	)	$	2,130.4
OWN		662.7		(159.5	)		503.2		(2.4	)		660.3		(159.5	)		500.8
NICS		650.6		(41.2	)		609.4		(1.4	)		649.2		(41.2	)		608.0
ANS		1,995.4		(1,734.0	)		261.4		(0.2	)		1,995.2		(1,734.0	)		261.2
Total	$	5,599.7	$	(2,085.3	)	$	3,514.4	$	(14.0	)	$	5,585.7	$	(2,085.3	)	$	3,500.4

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	Apr. 26, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Registrant Name	CommScope Holding Company, Inc.
Entity Central Index Key	0001517228
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		212,276,658
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	COMM
Security Exchange Name	NASDAQ
Entity File Number	001-36146
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-4332098
Entity Address, Address Line One	3642 E. US Highway 70
Entity Address, City or Town	Claremont
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28610
City Area Code	828
Local Phone Number	459-5000
Document Quarterly Report	true
Document Transition Report	false

Supplemental Financial Statement Information - Operating Lease Information (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Fair Value of Assets (Liability), Right of use assets	$ 153.8	$ 157.2
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other noncurrent assets	Other noncurrent assets
Fair Value of Assets (Liability), Total lease liabilities	$ 36.8	$ 36.5
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued and other liabilities	Accrued and other liabilities
Fair Value of Assets (Liability), Total lease liabilities	$ 135.0	$ 139.9
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other noncurrent liabilities	Other noncurrent liabilities
Fair Value of Assets (Liability), Total lease liabilities	$ 171.8	$ 176.4

Supplemental Financial Statement Information - Changes in Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (2,968.8)	$ (3,331.6)
Ending balance	(3,331.6)	(1,530.4)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(232.4)	(270.3)
Other comprehensive income (loss)	(32.6)	20.4
Amounts reclassified from AOCL	27.4	0.0
Ending balance	(237.6)	(249.9)
Defined Benefit Plan Activity [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(14.9)	(14.8)
Other comprehensive income (loss)	(0.2)	(0.1)
Ending balance	(15.1)	(14.9)
Hedging Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(19.4)	(11.2)
Other comprehensive income (loss)	6.8	(1.5)
Ending balance	(12.6)	(12.7)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(266.7)	(296.3)
Ending balance	$ (265.3)	$ (277.5)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

+ Details

Financing - Summary of Debt (Parenthetical) (Detail)	3 Months Ended
Financing - Summary of Debt (Parenthetical) (Detail)	Mar. 31, 2024	Dec. 31, 2023
7.125% Senior Notes Due July 2028 [Member]
Debt Instrument [Line Items]
Maturity month and year	2028-07
Interest rate	7.125%	7.125%
5.00% Senior Notes Due March 2027 [Member]
Debt Instrument [Line Items]
Maturity month and year	2027-03
Interest rate	5.00%	5.00%
8.25% Senior Notes Due 2027 [Member]
Debt Instrument [Line Items]
Maturity month and year	2027-03
Interest rate	8.25%	8.25%
6.00% Senior Notes Due June 2025 [Member]
Debt Instrument [Line Items]
Maturity month and year	2025-06
Interest rate	6.00%	6.00%
4.75% Senior Secured Notes Due September 2029 [Member]
Debt Instrument [Line Items]
Maturity month and year	2029-09
Interest rate	4.75%	4.75%
6.00% Senior Secured Notes Due 2026 [Member]
Debt Instrument [Line Items]
Maturity month and year	2026-03
Interest rate	6.00%	6.00%
Senior Secured Term Loan Due April 2026 [Member]
Debt Instrument [Line Items]
Maturity month and year	2026-04

Supplemental Financial Statement Information - Accrued and Other Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accrued and Other Liabilities [Abstract]
Compensation and employee benefit liabilities	$ 134.0	$ 178.6
Accrued interest	57.0	113.2
Deferred revenue	111.1	85.4
Operating lease liabilities	36.8	36.5
Product warranty accrual	26.3	26.0
Restructuring liabilities	9.1	11.7
Other	188.0	182.9
Total accrued and other liabilities	$ 562.3	$ 634.3

Revenue From Contracts With Customers - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract with customer liability revenue recognized	$ 30.1
Write-offs	$ (2.1)	$ (0.2)

Background and Basis of Presentation - Summary of EPS, Weighted Average Common Shares and Potential Common Shares Outstanding (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Income (loss) from continuing operations	$ (262.1)	$ 29.8
Loss from discontinued operations, net of tax	(97.1)	(26.4)
Net income (loss)	(359.2)	3.4
Dividends on Series A convertible preferred stock	(16.0)	(15.1)
Net loss attributable to common stockholders	$ (375.2)	$ (11.7)
Denominator:
Weighted average common shares outstanding - basic	212.3	208.9
Dilutive effect of as-if converted Series A convertible preferred stock	0.0	0.0
Dilutive effect of equity-based awards	0.0	3.2
Weighted average common shares outstanding - diluted	212.3	212.1
Basic:
Earnings (loss) from continuing operations per share	$ (1.31)	$ 0.07
Loss from discontinued operations per share	(0.46)	(0.12)
Loss per share	(1.77)	(0.05)
Diluted:
Earnings (loss) from continuing operations per share	(1.31)	0.07
Loss from discontinued operations per share	(0.46)	(0.13)
Loss per share	$ (1.77)	$ (0.06)

Supplemental Financial Statement Information - Cash Flow Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash paid during the period for:
Income taxes, net of refunds	$ 13.4	$ 20.7
Interest	217.8	219.8
Non-cash investing activities:
Equity method investment from divestiture	$ 17.0	$ 0.0

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 1,168.4	$ 1,664.4
Cost of sales	766.2	1,034.2
Gross profit	402.2	630.2
Transition service agreement income	9.6	0.0
Operating expenses:
Selling, general and administrative	199.7	232.0
Research and development	104.4	125.6
Amortization of purchased intangible assets	74.2	100.6
Restructuring costs (credits), net	30.6	(11.1)
Total operating expenses	408.9	447.1
Operating income	2.9	183.1
Other income (expense), net	(1.1)	5.3
Interest expense	(167.7)	(165.1)
Interest income	3.6	2.5
Income (loss) from continuing operations before income taxes	(162.3)	25.8
Income tax (expense) benefit	(99.8)	4.0
Income (loss) from continuing operations	(262.1)	29.8
Loss from discontinued operations, net of income tax (expense) benefit of $(17.6) and $3.8, respectively	(97.1)	(26.4)
Net income (loss)	(359.2)	3.4
Series A convertible preferred stock dividends	(16.0)	(15.1)
Net loss attributable to common stockholders	$ (375.2)	$ (11.7)
Basic:
Earnings (loss) from continuing operations per share	$ (1.31)	$ 0.07
Loss from discontinued operations per share	(0.46)	(0.12)
Loss per share	(1.77)	(0.05)
Diluted:
Earnings (loss) from continuing operations per share	(1.31)	0.07
Loss from discontinued operations per share	(0.46)	(0.13)
Loss per share	$ (1.77)	$ (0.06)
Weighted average shares outstanding:
Basic	212.3	208.9
Diluted	212.3	212.1