Univar Solutions (UNVR) 10-Q10 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-37443
Entity Registrant Name	Univar Solutions Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1251958
Entity Address, Address Line One	3075 Highland Parkway, Suite 200
Entity Address, City or Town	Downers Grove,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60515
City Area Code	331
Local Phone Number	777-6000
Title of 12(b) Security	Common Stock ($0.01 par value)
Trading Symbol	UNVR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		169,231,806
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001494319
Current Fiscal Year End Date	--12-31

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 2,882.6	$ 2,155.4
Cost of goods sold (exclusive of depreciation)	2,153.1	1,613
Operating expenses:
Outbound freight and handling	115.9	91.4
Warehousing, selling and administrative	294.3	268.8
Other operating expenses, net	15.7	44.2
Depreciation	32.9	43.8
Amortization	11.8	13.1
Total operating expenses	470.6	461.3
Operating income	258.9	81.1
Other (expense) income:
Interest income	1.1	0.4
Interest expense	(22.2)	(27)
Gain on sale of business	0	0.6
Other income, net	7.7	28.7
Total other (expense) income	(13.4)	2.7
Income before income taxes	245.5	83.8
Income tax expense	64.7	17.6
Net income	$ 180.8	$ 66.2
Earnings Per Share [Abstract]
Basic income per common share (in dollars per share)	$ 1.07	$ 0.39
Diluted income per common share (in dollars per share)	$ 1.06	$ 0.39
Weighted average common shares outstanding:
Basic (in shares)	169.6	169.3
Diluted (in shares)	171.3	170.1

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 180.8	$ 66.2
Other comprehensive income, net of tax:
Foreign currency translation	17.2	0.8
Pension and other postretirement benefits adjustment, net of tax of $— and $0.5	(0.1)	(2.4)
Derivative financial instruments, net of tax of $(12.5) and $(2.2)	36.4	6.6
Total other comprehensive income, net of tax	53.5	5
Comprehensive income	$ 234.3	$ 71.2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 245,400,000	$ 251,500,000
Trade accounts receivable, net of allowance for doubtful accounts of $15.0 and $15.8 at March 31, 2022 and December 31, 2021, respectively	1,806,000,000	1,539,500,000
Inventories	1,105,500,000	932,200,000
Prepaid expenses and other current assets	198,200,000	169,100,000
Total current assets	3,355,100,000	2,892,300,000
Property, plant and equipment, net	1,028,100,000	1,031,000,000
Goodwill	2,321,800,000	2,310,400,000
Intangible assets, net	203,900,000	211,700,000
Deferred tax assets	26,500,000	29,400,000
Other assets	337,300,000	303,000,000
Total assets	7,272,700,000	6,777,800,000
Current liabilities:
Short-term financing	10,000,000	0
Trade accounts payable	1,149,000,000	1,009,300,000
Current portion of long-term debt	40,400,000	41,500,000
Accrued compensation	92,300,000	196,400,000
Other accrued expenses	430,600,000	420,400,000
Total current liabilities	1,722,300,000	1,667,600,000
Long-term debt	2,416,900,000	2,223,500,000
Pension and other postretirement benefit liabilities	207,200,000	211,700,000
Deferred tax liabilities	86,300,000	56,100,000
Other long-term liabilities	323,200,000	326,400,000
Total liabilities	4,755,900,000	4,485,300,000
Stockholders’ equity:
Preferred stock, $0.01 par value, 200,000,000 shares authorized, no shares issued or outstanding at March 31, 2022 and December 31, 2021	0	0
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 172,037,131 and 171,199,938 shares issued at March 31, 2022 and December 31, 2021, respectively	1,700,000	1,700,000
Additional paid-in capital	3,062,500,000	3,048,500,000
Treasury stock at cost, 2,563,449 and 1,832,385 shares at March 31, 2022 and December 31, 2021, respectively	(74,000,000)	(50,000,000)
Accumulated deficit	(164,200,000)	(345,000,000)
Accumulated other comprehensive loss	(309,200,000)	(362,700,000)
Total stockholders’ equity	2,516,800,000	2,292,500,000
Total liabilities and stockholders’ equity	$ 7,272,700,000	$ 6,777,800,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 15	$ 15.8
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, share issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	172,037,131	171,199,938
Common stock, shares outstanding (in shares)	172,037,131	171,199,938
Treasury stock (in shares)	2,563,449	1,832,385

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income	$ 180.8	$ 66.2
Adjustments to reconcile net income to net cash used by operating activities:
Depreciation and amortization	44.7	56.9
Amortization of deferred financing fees and debt discount	1.4	1.8
Gain on sale of business	0	(0.6)
Gain on sale of property, plant and equipment	(0.9)	(1.1)
Deferred income taxes	19.1	2
Stock-based compensation expense	13.9	5.9
Fair value adjustment for warrants	0	(25.6)
Other	2.6	(1.5)
Changes in operating assets and liabilities:
Trade accounts receivable, net	(270.5)	(220.9)
Inventories	(168.9)	(70.8)
Prepaid expenses and other current assets	(15.9)	(34.3)
Trade accounts payable	140.3	138.1
Other, net	(81)	(8.4)
Net cash used by operating activities	(134.4)	(92.3)
Investing activities:
Purchases of property, plant and equipment	(32.5)	(16.3)
Purchases of businesses, net of cash acquired	(3.8)	0
Proceeds from sale of property, plant and equipment and other assets	1.8	5.3
Other	0	(1.2)
Net cash used by investing activities	(34.5)	(12.2)
Financing activities:
Payments on long-term debt and finance lease obligations	(12)	(56.2)
Proceeds under revolving credit facilities	491.4	603
Proceeds under revolving credit facilities	(294.3)	(684)
Taxes paid related to net share settlements of stock-based compensation awards	(7.2)	(2.1)
Purchases of treasury stock	(24)	0
Stock option exercises	8.4	1.5
Other	8.5	4.1
Net cash provided (used) by financing activities	170.8	(133.7)
Effect of exchange rate changes on cash and cash equivalents	(8)	(7)
Net decrease in cash and cash equivalents	(6.1)	(245.2)
Cash and cash equivalents at beginning of period	251.5	386.6
Cash and cash equivalents at end of period	245.4	141.4
Cash paid during the period for:
Income taxes	17.3	15.5
Interest, net of capitalized interest	11.9	18.6
Non-cash activities:
Additions of property, plant and equipment included in trade accounts payable and other accrued expenses	2.5	4.7
Additions of property, plant and equipment under a finance lease obligation	5.4	4.9
Additions of assets under an operating lease obligation	$ 33.3	$ 16.2

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Common stock	Additional paid-in capital	Treasury Stock	Accumulated deficit	Accumulated other comprehensive loss
Beginning balance at Dec. 31, 2020	$ 1,792.3	$ 1.7	$ 2,983.3		$ (805.6)	$ (387.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	66.2				66.2
Other comprehensive income, net of tax						5
Restricted stock units vested	0
Tax withholdings related to net share settlements of stock-based compensation awards	(2.1)		(2.1)
Stock option exercises	1.5		1.5
Stock-based compensation	5.9		5.9
Other	0.2
Ending balance at Mar. 31, 2021	1,869	$ 1.7	2,988.8		(739.4)	(382.1)
Common stock, shares, beginning of year (in shares) at Dec. 31, 2020		169,300,000
Increase (Decrease) In Stockholders' Equity, Shares [Roll Forward]
Restricted stock units vested (in shares)		300,000
Tax withholdings related to net share settlements of stock-based compensation awards (in shares)		(100,000)
Stock option exercises (in shares)		100,000
Common stock, shares, end of year (in shares) at Mar. 31, 2021		169,600,000
Beginning balance at Dec. 31, 2021	2,292.5	$ 1.7	3,048.5	$ (50)	(345)	(362.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	180.8				180.8
Other comprehensive income, net of tax	53.5					53.5
Restricted stock units vested	0
Tax withholdings related to net share settlements of stock-based compensation awards	(7.2)		(7.2)
Stock option exercises	8.4		8.4
Stock-based compensation	13.9		13.9
Purchases of treasury stock	24			24
Other	(1.1)
Ending balance at Mar. 31, 2022	$ 2,516.8	$ 1.7	$ 3,062.5	$ (74)	$ (164.2)	$ (309.2)
Common stock, shares, beginning of year (in shares) at Dec. 31, 2021	171,199,938	169,400,000
Treasury stock, shares, beginning of year at Dec. 31, 2021	(1,832,385)
Increase (Decrease) In Stockholders' Equity, Shares [Roll Forward]
Restricted stock units vested (in shares)		800,000
Tax withholdings related to net share settlements of stock-based compensation awards (in shares)		(300,000)
Stock option exercises (in shares)		300,000
Purchases of treasury stock (in shares)	(700,000)
Common stock, shares, end of year (in shares) at Mar. 31, 2022	172,037,131	169,500,000
Treasury stock, shares, end of year at Mar. 31, 2022	(2,563,449)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Derivative financial instruments, tax expense (benefit)	$ (12.5)	$ (2.2)
Foreign currency translation adjustment tax expense (benefit)		$ 0.5

Nature of operations

Nature of operations	3 Months Ended
Nature of operations	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of operations	1. Nature of operations Headquartered in Downers Grove, Illinois, Univar Solutions Inc. (“Univar Solutions,” “Company,” “we,” “our” and “us”) is a leading global commodity and specialty chemical and ingredient distributor and provider of value-added services to customers across a wide range of diverse industries. The Company’s operations are structured into four reportable segments that represent the geographic areas under which the Company operates and manages its business: • Univar Solutions USA (“USA”) • Univar Solutions Europe and the Middle East and Africa (“EMEA”) • Univar Solutions Canada (“Canada”) • Univar Solutions Latin America (“LATAM”) LATAM includes certain developing businesses in Latin America and the Asia-Pacific region.

Significant accounting policies

Significant accounting policies	3 Months Ended
Significant accounting policies	Mar. 31, 2022
Accounting Policies [Abstract]
Significant accounting policies	2. Significant accounting policies Basis of consolidation and presentation The condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) as applicable to interim financial reporting. These condensed consolidated financial statements, in the Company’s opinion, include all adjustments consisting of normal recurring accruals necessary for a fair presentation of the condensed consolidated balance sheets, statements of operations, comprehensive income, cash flows and changes in stockholders’ equity. The results of operations for the periods presented are not necessarily indicative of the operating results that may be expected for the full year. The accompanying condensed consolidated financial statements of Univar Solutions include the combined results of all directly and indirectly controlled companies, which have been adjusted to account for the elimination of intercompany balances and transactions. The preparation of condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ materially from these estimates. These condensed consolidated financial statements and related footnotes are unaudited and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Proceeds and repayments under the revolving credit facilities for 2021, previously reported net in our condensed consolidated statement of cash flows, are now presented separately to conform to the current period’s presentation. Additionally, certain other immaterial amounts in the prior period’s condensed consolidated financial statements and notes have been reclassified to conform to the current period’s presentation. Accounting pronouncements issued and not yet adopted In October 2021, the FASB issued ASU 2021-08 “Business Combinations” (Topic 805) – “Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” This ASU requires an entity to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 (Revenue from Contracts with Customers). The Company expects to adopt this guidance effective January 1, 2023 and is currently determining the impacts of the guidance on its consolidated financial statements.

Business combinations

Business combinations	3 Months Ended
Business combinations	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Business combinations	3. Business combinations Sweetmix Distribuidora de Materias Primas Industriais Ltda (“Sweetmix”) On December 1, 2021, the Company acquired Sweetmix, a food ingredients and coatings, adhesives, sealants and elastomers (“CASE”) specialty chemical distribution company in Brazil. The acquisition price, including 2022 measurement period adjustments, was $53.0 million, inclusive of $32.5 million of cash paid (net of cash acquired of $1.2 million) upon closing, with the remaining $19.3 million to be paid over the next five years. The acquisition of Sweetmix significantly enhances the Company’s specialty food ingredients offering in Latin America and also enhances the Company’s position in the local CASE market. As of March 31, 2022, the Company updated the purchase price allocation to reflect intangible asset fair value adjustments, purchase price adjustments and the deferred tax impacts of the recognized adjustments. The preliminary values and measurement period adjustments related to the significant assets and liabilities are shown below: (in millions) December 1, 2021 Measurement Period Adjustments March 31, 2022 Cash and cash equivalents $ 1.2 $ — $ 1.2 Trade accounts receivable, net 15.6 $ — $ 15.6 Inventories 8.5 — 8.5 Prepaid expenses and other current assets 2.6 — 2.6 Goodwill 33.8 (1.0) 32.8 Intangible assets, net 13.3 1.7 15.0 Trade accounts payable (16.6) — (16.6) Deferred tax liabilities (4.5) (0.6) (5.1) Other non-significant assets and liabilities, net (1.0) — (1.0) Purchase consideration $ 52.9 $ 0.1 $ 53.0 Less: Cash and cash equivalents (1.2) — (1.2) Purchase consideration, net of cash $ 51.7 $ 0.1 $ 51.8 The goodwill is included in the LATAM segment and is not deductible for income tax purposes. The identified intangible assets relate to customer relationships and will be amortized over a period of eight years. The initial accounting for this acquisition is preliminary and subject to additional measurement period adjustments related to taxes.

Goodwill and intangibles, net

Goodwill and intangibles, net	3 Months Ended
Goodwill and intangibles, net	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangibles, net	4. Goodwill and intangibles, net Goodwill The following is a summary of the activity in goodwill by segment. (in millions) USA EMEA Canada LATAM Total Balance, January 1, 2022 $ 1,812.6 $ 7.4 $ 431.4 $ 59.0 $ 2,310.4 Purchase price adjustments — — — (1.0) (1.0) Foreign exchange — (0.1) 4.5 8.0 12.4 Balance, March 31, 2022 $ 1,812.6 $ 7.3 $ 435.9 $ 66.0 $ 2,321.8 Intangible assets, net March 31, 2022 December 31, 2021 (in millions) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Customer relationships $ 945.6 $ (745.7) $ 199.9 $ 940.1 $ (732.8) $ 207.3 Other 169.2 (165.2) 4.0 168.9 (164.5) 4.4 Total intangible assets $ 1,114.8 $ (910.9) $ 203.9 $ 1,109.0 $ (897.3) $ 211.7 Other intangible assets consist of intellectual property trademarks, trade names, producer relationships and contracts, non-compete agreements and exclusive distribution rights. The estimated annual amortization expense in each of the next five years is as follows: (in millions) 2022 $ 47.9 2023 42.6 2024 33.3 2025 29.5 2026 24.5

Revenue

Revenue	3 Months Ended
Revenue	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	5. Revenue The Company disaggregates revenues from contracts with customers by both geographic reportable segments and revenue contract types. Geographic reportable segmentation is pertinent to understanding the Company's revenues, as it aligns to how the Company reviews the financial performance of its operations. Revenue contract types are differentiated by the type of good or service the Company offers customers, since the contractual terms necessary for revenue recognition are unique to each of the identified revenue contract types. The following tables disaggregate external customer net sales by major stream: Three months ended March 31, (in millions) 2022 2021 USA Chemical distribution $ 1,777.1 $ 1,222.2 Services 66.1 70.8 Total external customer net sales $ 1,843.2 $ 1,293.0 EMEA Chemical distribution $ 562.2 $ 505.7 Services — 0.2 Total external customer net sales $ 562.2 $ 505.9 Canada Chemical distribution $ 293.4 $ 218.7 Services — 4.0 Total external customer net sales $ 293.4 $ 222.7 LATAM Chemical distribution $ 180.7 $ 132.0 Services 3.1 1.8 Total external customer net sales $ 183.8 $ 133.8 Consolidated Chemical distribution $ 2,813.4 $ 2,078.6 Services 69.2 76.8 Total external customer net sales $ 2,882.6 $ 2,155.4 Deferred revenue Deferred revenues are recognized as contract liabilities when customers provide the Company with consideration prior to the Company satisfying the performance obligations and are recognized in revenue when the performance obligations are met. Deferred revenues relate to revenues that are expected to be recognized within one year and are recorded within the other accrued expenses line items of the condensed consolidated balance sheets. Deferred revenues as of March 31, 2022 and December 31, 2021 were $6.4 million and $17.6 million, respectively. Revenue recognized through the three months ended March 31, 2022 and 2021 from amounts included in contract liabilities at the beginning of the period were $3.4 million and $4.3 million, respectively.

Supplemental financial informat

Supplemental financial information	3 Months Ended
Supplemental financial information	Mar. 31, 2022
Other Income and Expenses [Abstract]
Supplemental financial information	6. Supplemental financial information Other operating expenses, net Other operating expenses, net consisted of the following: Three months ended March 31, (in millions) 2022 2021 Acquisition and integration related expenses $ — $ 16.4 Stock-based compensation expense 13.9 5.9 Other employee severance costs — 2.9 Multi-employer pension plan exit liability — 18.4 Gain on sale of property, plant and equipment (0.9) (1.1) Other 2.7 1.7 Total other operating expenses, net $ 15.7 $ 44.2 Other income, net Other income, net consisted of the following: Three months ended March 31, (in millions) 2022 2021 Foreign currency transactions $ 4.3 $ (1.8) Foreign currency denominated loan revaluations (3.8) (0.1) Undesignated foreign currency derivative instruments 0.9 (1.7) Undesignated interest rate and cross currency swap contracts 4.1 1.3 Non-operating retirement benefits 2.6 6.7 Fair value adjustment for warrants — 25.6 Other (0.4) (1.3) Total other income, net $ 7.7 $ 28.7 Cash and cash equivalents Certain of the Company’s subsidiaries participate in a multi-currency, notional cash pooling arrangement with a third-party bank provider in order to help manage global liquidity requirements (the “Notional Cash Pool”). Under the Notional Cash Pool, cash deposited by participating subsidiaries is pledged as security against the overdraft balances of other participating subsidiaries, providing legal rights of offset. As a result, the balances are presented on a net basis within cash and cash equivalents in the condensed consolidated balance sheets. As of March 31, 2022, the net cash position of the Notional Cash Pool was $78.0 million, which consisted of a gross cash balance of $120.6 million less a bank overdraft balance of $42.6 million. As of December 31, 2021, the net cash position of the Notional Cash Pool was $43.2 million, which consisted of a gross cash balance of $146.0 million less a bank overdraft balance of $102.8 million. Allowance for doubtful accounts The allowance for doubtful accounts reflects the Company’s current estimate of credit losses expected to be incurred over the life of the trade accounts receivable. Collectability of the trade accounts receivable balance is assessed on an ongoing basis and determined based on the delinquency of customer accounts, the financial condition of individual customers, past collections experience and future economic expectations. The change in the allowance for doubtful accounts is as follows: (in millions) Balance, January 1, 2022 $ 15.8 Provision for credit losses (0.1) Write-offs (0.9) Foreign exchange 0.2 Balance, March 31, 2022 $ 15.0 Property, plant and equipment, net (in millions) March 31, 2022 December 31, 2021 Property, plant and equipment, at cost $ 2,262.0 $ 2,238.8 Less: accumulated depreciation (1,233.9) (1,207.8) Property, plant and equipment, net $ 1,028.1 $ 1,031.0 Other accrued expenses As of March 31, 2022, other accrued expenses that were greater than five percent of total current liabilities consisted of current tax liabilities of $119.5 million, comprised primarily of VAT, income and local indirect taxes payable. As of December 31, 2021, there were no other components within other accrued expenses that were greater than five percent of total current liabilities.

Employee benefit plans

Employee benefit plans	3 Months Ended
Employee benefit plans	Mar. 31, 2022
Postemployment Benefits [Abstract]
Employee benefit plans	7. Employee benefit plans The following table summarizes the components of net periodic benefit (income) cost recognized in the condensed consolidated statements of operations related to defined benefit plans: Domestic Foreign Three months ended March 31, Three months ended March 31, (in millions) 2022 2021 2022 2021 Service cost (1) $ — $ — $ 0.3 $ 0.5 Interest cost (2) 5.2 4.8 2.9 2.5 Expected return on plan assets (2) (7.6) (7.3) (3.0) (3.8) Prior service (credit) cost (2) — — (0.1) (2.9) Net periodic benefit (income) cost $ (2.4) $ (2.5) $ 0.1 $ (3.7) (1) Service cost is included in warehouse, selling and administrative expenses. (2) These amounts are included in other income, net, and represent non-operating retirement benefits. Multi-employer pension plan withdrawal liability

Income taxes

Income taxes	3 Months Ended
Income taxes	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income taxes	8. Income taxes The income tax expense and effective income tax rate for the three months ended March 31, 2022 and 2021 were as follows: Three months ended March 31, (dollars in millions) 2022 2021 Income tax expense $ 64.7 $ 17.6 Effective income tax rate 26.4 % 21.0 % The Company’s 2022 effective income tax rate was higher than the US federal statutory rate of 21.0%, primarily due to higher rates on foreign earnings, US tax on foreign earnings, US state income taxes and non-deductible employee costs. The Company’s 2021 effective income tax rate was also impacted by these items but offset by the impact of other discrete tax items.

Earnings per share

Earnings per share	3 Months Ended
Earnings per share	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per share	9. Earnings per share The following table presents the basic and diluted earnings per share computations: Three months ended March 31, (in millions, except per share data) 2022 2021 Net income $ 180.8 $ 66.2 Weighted average common shares outstanding Basic 169.6 169.3 Effect of dilutive securities: stock compensation plans 1.7 0.8 Diluted 171.3 170.1 Income per common share Basic $ 1.07 $ 0.39 Diluted $ 1.06 $ 0.39 The shares that were not included in the computation of diluted earnings per share for those periods because their inclusion would be anti-dilutive were as follows: Three months ended March 31, (in millions, common shares) 2022 2021 Stock options — 3.8 Restricted stock — 0.2 Warrants — 7.6

Accumulated other comprehensive

Accumulated other comprehensive income (loss)	3 Months Ended
Accumulated other comprehensive income (loss)	Mar. 31, 2022
Equity [Abstract]
Accumulated other comprehensive income (loss)	10. Accumulated other comprehensive income (loss) The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax: (in millions) Cash flow hedges Defined benefit pension Currency translation Total AOCI Balance, December 31, 2021 $ (10.8) $ 16.7 $ (368.6) $ (362.7) Other comprehensive income before reclassifications 42.5 — 17.2 59.7 Amounts reclassified from accumulated other comprehensive loss (6.1) (0.1) — (6.2) Net current period other comprehensive income (loss) $ 36.4 $ (0.1) $ 17.2 $ 53.5 Balance, March 31, 2022 $ 25.6 $ 16.6 $ (351.4) $ (309.2) Balance, December 31, 2020 $ (32.7) $ 19.2 $ (373.6) $ (387.1) Other comprehensive income before reclassifications 14.9 — 0.8 15.7 Amounts reclassified from accumulated other comprehensive loss (8.3) (2.4) — (10.7) Net current period other comprehensive income (loss) $ 6.6 $ (2.4) $ 0.8 $ 5.0 Balance, March 31, 2021 $ (26.1) $ 16.8 $ (372.8) $ (382.1) The following is a summary of the amounts reclassified from accumulated other comprehensive income (loss) to net income: Statement of Operations Classification Three months ended March 31, (in millions) 2022 (1) 2021 (1) Amortization of defined benefit pension items: Prior service credit Other income, net $ (0.1) $ (2.9) Tax expense Income tax expense — 0.5 Net of tax $ (0.1) $ (2.4) Cash flow hedges: Interest rate swap contracts Interest expense $ 2.6 $ 4.8 Cross-currency swap contracts Interest expense and other income, net (10.7) (15.9) Tax expense Income tax expense 2.0 2.8 Net of tax $ (6.1) $ (8.3) Total reclassifications for the period, net of tax $ (6.2) $ (10.7) (1) Amounts in parentheses indicate credits to net income in the condensed consolidated statements of operations.

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	11. Debt Short-term financing As of March 31, 2022, the Company had $10.0 million outstanding in short-term financing facilities. The Company had no outstanding balance as of December 31, 2021. The Company had $138.5 million and $141.9 million of outstanding letters of credits as of March 31, 2022 and December 31, 2021, respectively. Long-term debt Long-term debt consisted of the following: (in millions) March 31, 2022 December 31, 2021 Senior Term Loan Facilities: Term B-5 Loan due 2026, variable interest rate of 2.46% and 2.10% at March 31, 2022 and December 31, 2021, respectively $ 391.0 $ 392.0 Term B-6 Loan due 2028, variable interest rate of 2.21% and 2.10% at March 31, 2022 and December 31, 2021, respectively 992.5 995.0 Asset Backed Loan (“ABL”) Facilities: North American ABL Facility due 2024, variable interest rate of 1.64% and 1.43% at March 31, 2022 and December 31, 2021, respectively 495.0 297.9 Senior Unsecured Notes: Senior Unsecured Notes due 2027, fixed interest rate of 5.13% at March 31, 2022 and December 31, 2021 500.0 500.0 Finance lease obligations 99.6 101.9 Total long-term debt before discount $ 2,478.1 $ 2,286.8 Less: unamortized debt issuance costs and discount on debt (20.8) (21.8) Total long-term debt $ 2,457.3 $ 2,265.0 Less: current maturities (40.4) (41.5) Total long-term debt, excluding current maturities $ 2,416.9 $ 2,223.5 The weighted average interest rate on long-term debt, including the effect of designated and undesignated derivative instruments (refer to “Note 13: Derivatives” for more information), was 3.08% and 3.25% as of March 31, 2022 and December 31, 2021, respectively. Other Information March 31, 2022 December 31, 2021 (in millions) Carrying amount Fair value Carrying amount Fair value Fair value of debt $ 2,457.3 $ 2,469.4 $ 2,265.0 $ 2,307.8 The fair values of debt were based on current market quotes for similar borrowings and credit risk adjusted for liquidity, margins and amortization, as necessary and are classified as Level 2 in the fair value hierarchy.

Equity and stock-based compensa

Equity and stock-based compensation	3 Months Ended
Equity and stock-based compensation	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Equity and stock-based compensation	12. Equity and stock-based compensation Share repurchase program In November 2021, the Company announced that the Board of Directors had approved a share repurchase program of up to $500.0 million of our outstanding common stock, which expires on October 27, 2026. The program does not require the repurchase of any minimum number of shares and can be suspended, modified or discontinued at any time at the Company’s discretion. Under the share repurchase program, the Company may purchase shares from time-to-time at the discretion of management through open market purchases, privately negotiated transactions, block trades, accelerated or other structured share repurchase programs, or other means. The Company repurchased 731,064 shares of our common stock pursuant to the share repurchase program for $24.0 million during the three months ended March 31, 2022. The Company’s remaining stock repurchase authorization under this program was approximately $426.0 million as of March 31, 2022. Stock-based compensation The Company grants stock-based compensation to employees and non-employee directors under the Univar Solutions Inc. 2020 Omnibus Incentive Plan. Most of the Company’s stock-based compensation awards to employees are granted in the first quarter of each year. In the first quarter of 2022, the Company granted the following stock-based awards to employees: • 704,466 of restricted stock units (RSUs) with a weighted-average fair value of $28.36 per share; and • 243,750 of performance-based restricted stock units (PRSUs) with a weighted-average fair value of $27.94 per share. As of March 31, 2022, the Company has unrecognized stock-based compensation expense related to non-vested RSUs of $25.0 million, which will be recognized over a weighted-average period of 1.5 years, and non-vested PRSUs of $11.4 million, which will be recognized over a weighted-average period of 2.0 years.

Derivatives

Derivatives	3 Months Ended
Derivatives	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	13. Derivatives Foreign currency derivatives The Company uses forward currency contracts to hedge earnings from the effects of foreign exchange rates relating to certain of the Company’s intercompany and third-party receivables and payables denominated in foreign currencies. These derivative instruments are not formally designated as cash flow hedges by the Company and the terms of these instruments range from one Interest rate swap contracts The objective of the Company’s designated interest rate swap contracts is to offset the variability of cash flows in LIBOR indexed debt interest payments attributable to changes in the benchmark interest rate related to the Term B-6 Loan and a portion of debt outstanding under the North American ABL Facility. On June 4, 2021, the Company executed two interest rate swap contracts, both effective June 30, 2023, to replace existing interest rate swap contracts with maturities occurring between June 2023 and June 2024. These interest rate swap contracts contain an initial aggregate notional value of $250.0 million from June 2023 to June 2024 that increases to an aggregate notional value of $500.0 million from June 2024 to May 2028. The Company also uses undesignated interest rate swap contracts to manage interest rate variability. Cross currency swap contracts Cross currency swap contracts are used to effectively convert the Term B-5 Loan’s principal amount of floating rate US dollar-denominated debt, including interest payments, to fixed-rate Euro-denominated debt. The cross currency swap contracts mature in November 2024. As of March 31, 2022, approximately 95% of the cross currency swap contracts are designated as a cash flow hedge. The Company also uses undesignated cross currency swap contracts to manage interest rate variability and mitigate foreign exchange exposure. Notional amounts and fair value of derivative instruments The following table presents the notional amounts of the Company’s outstanding derivative instruments by type: (in millions) March 31, 2022 December 31, 2021 Designated Derivatives: Interest rate swap contracts $ 650.0 $ 650.0 Cross currency swap contracts 381.0 381.0 Undesignated Derivatives: Interest rate swap contracts $ 100.0 $ 100.0 Foreign currency derivatives 186.3 179.0 Cross currency swap contracts 19.0 19.0 The following are the pre-tax effects of derivative instruments on the condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2022 and 2021: Statement of Operations Classification Amount of (loss) gain reclassified from other comprehensive loss into income Amount of (loss) gain to be reclassified to consolidated statement of operations within the next 12 months Three months ended March 31, (in millions) 2022 2021 Derivatives in cash flow hedging relationships: Interest rate swap contracts Interest expense $ (2.6) $ (4.8) $ 0.6 Cross currency swap contracts Interest expense 0.4 0.3 8.0 Cross currency swap contracts Other income, net 10.3 15.6 — Refer to “Note 6: Supplemental financial information” for the gains and losses related to derivatives not designated as hedging instruments. The following table presents the Company’s gross assets and liabilities measured on a recurring basis and classified as Level 2 within the fair value hierarchy: Derivative Assets Derivative Liabilities (in millions) Balance Sheet Classification March 31, 2022 December 31, 2021 Balance Sheet Classification March 31, 2022 December 31, 2021 Designated Derivatives: Cross currency swap contracts Prepaid expenses and other current assets $ 8.0 $ 2.8 Other accrued expenses $ — $ — Cross currency swap contracts Other assets 6.4 — Other long-term liabilities — 12.7 Interest rate swap contracts Prepaid expenses and other current assets 3.2 — Other accrued expenses 2.6 8.1 Interest rate swap contracts Other assets 18.3 — Other long-term liabilities — 7.8 Total designated derivatives $ 35.9 $ 2.8 $ 2.6 $ 28.6 Undesignated Derivatives: Foreign currency contracts Prepaid expenses and other current assets $ 0.8 $ 1.8 Other accrued expenses $ 0.7 $ 0.8 Cross currency swap contracts Prepaid expenses and other current assets 0.4 0.1 Other accrued expenses — — Cross currency swap contracts Other assets 0.3 — Other long-term liabilities — 0.6 Interest rate swap contracts Prepaid expenses and other current assets — — Other accrued expenses 0.4 1.7 Interest rate swap contracts Other assets 0.9 — Other long-term liabilities — 1.1 Total undesignated derivatives $ 2.4 $ 1.9 $ 1.1 $ 4.2 Total derivatives $ 38.3 $ 4.7 $ 3.7 $ 32.8 The net amounts by legal entity related to forward currency contracts included in prepaid and other current assets were $0.7 million and $1.7 million as of March 31, 2022 and December 31, 2021, respectively. The net amounts related to forward currency contracts included in other accrued expenses were $0.6 million and $0.7 million as of March 31, 2022 and December 31, 2021, respectively. The fair value of forward currency contracts is calculated by reference to current forward exchange rates for contracts with similar maturity profiles. The fair value of swaps is determined by estimating the net present value of amounts to be paid under the agreement offset by the net present value of the expected cash inflows based on market rates and associated yield curves. Based on these valuation methodologies, these derivative contracts are classified as Level 2 in the fair value hierarchy.

Commitments and contingencies

Commitments and contingencies	3 Months Ended
Commitments and contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	14. Commitments and contingencies Litigation In the ordinary course of business, the Company is subject to pending or threatened claims, lawsuits, regulatory matters and administrative proceedings from time to time. Where appropriate the Company has recorded provisions in the consolidated financial statements for these matters. The liabilities for injuries to persons or property are in some instances covered by liability insurance, subject to various deductibles and self-insured retentions. The Company is not aware of any claims, lawsuits, regulatory matters or administrative proceedings, pending or threatened, that are likely to have a material effect on its overall financial position, results of operations, or cash flows. However, the Company cannot predict the outcome of any present or future claims or litigation or the potential for future claims or litigation and adverse developments could negatively impact earnings or cash flows in a particular future period. Asbestos Claims The Company is subject to liabilities from claims alleging personal injury from exposure to asbestos. The claims result primarily from an indemnification obligation related to Univar Solutions USA Inc.’s (“Univar”) 1986 purchase of McKesson Chemical Company from McKesson Corporation (“McKesson”). Once certain conditions have been met, Univar will have the ability to pursue insurance coverage, if any, that may be available under McKesson's historical insurance coverage to offset the impact of any fees, settlements, or judgments that Univar is obligated to pay because of its obligation to defend and indemnify McKesson. As of March 31, 2022, there were approximately 235 asbestos-related cases for which Univar has the obligation to defend and indemnify; however, this number tends to fluctuate up and down over time. Historically, the vast majority of these asbestos cases have been dismissed without payment or with a nominal payment. While the Company is unable to predict the outcome of these matters, it does not believe, based upon currently available facts, that the ultimate resolution of any of these matters will have a material effect on its overall financial position, results of operations, or cash flows. Unclaimed Property Audit The Company and its subsidiaries are the subject of an unclaimed property audit request issued by the State of Delaware. The State of Delaware retained a contingent-fee private audit firm to conduct the audit. In October 2018, the State of Delaware issued a subpoena to the Company requesting a broad swath of records and information purportedly necessary to perform the audit (the “Subpoena”). After receiving the Subpoena, the Company objected and also initiated a lawsuit in the Federal District Court for the District of Delaware challenging the constitutionality of the Subpoena and other provisions of Delaware’s escheats law, which case is ongoing (the “Lawsuit”). In response to the Lawsuit, the State of Delaware filed a competing enforcement action in the Delaware Court of Chancery in order to compel the Company to comply with the Subpoena. The Lawsuit has been stayed pending the resolution of the enforcement action. In October 2020, the Delaware Court of Chancery deemed the Subpoena enforceable, subject to some limitations, but stayed enforcement of the Subpoena until the Company’s claims in the Lawsuit are resolved by the District Court. The Company intends to vigorously defend itself and believes it has strong defenses. The timing and outcome of these proceedings or any unclaimed property audits that may be subsequently conducted as a result of the outcome of the proceedings cannot be predicted with certainty at this time. Environmental The Company is subject to various federal, state and local environmental laws and regulations that require environmental assessment or remediation efforts (collectively “environmental remediation work”) and from time to time becomes aware of compliance matters regarding possible or alleged violations of these laws or regulations. For example, over the years, the Company has been identified as a “potentially responsible party” (“PRP”) under the Comprehensive Environmental Response, Compensation and Liability Act and/or similar state laws that impose liability for costs relating to environmental remediation work at various sites. As a PRP, the Company may be required to pay a share of the costs of investigation and cleanup of certain sites. The Company is currently engaged in environmental remediation work at approximately 128 locations, some that are now or were previously Company-owned/occupied and some that were never Company-owned/occupied (“non-owned sites”). The Company’s environmental remediation work at some sites is being conducted pursuant to governmental proceedings or investigations. At other sites, the Company, with appropriate state or federal agency oversight and approval, is conducting the environmental remediation work voluntarily. The Company is currently undergoing remediation efforts or is in the process of active review of the need for potential remediation efforts at approximately 106 current or formerly Company-owned/occupied sites. In addition, the Company may be liable as a PRP for a share of the clean-up of approximately 22 non-owned sites. These non-owned sites are typically (a) locations of independent waste disposal or recycling operations with alleged or confirmed contaminated soil and/or groundwater to which the Company may have shipped waste products or drums for re-conditioning, or (b) contaminated non-owned sites near historical sites owned or operated by the Company or its predecessors from which contamination is alleged to have arisen. In determining the appropriate level of environmental reserves, the Company considers several factors such as information obtained from investigatory studies; the scope of remediation (including any changes over time); the interpretation, application and enforcement of laws and regulations; changes in the costs of remediation programs; the development of alternative cleanup technologies and methods; and the relative level of the Company’s involvement at various sites for which the Company is allegedly associated. The level of annual expenditures for remedial, monitoring and investigatory activities will change in the future as major components of planned remediation activities are completed and the scope, timing and costs of existing activities are changed. Project lives, and therefore cash flows, range from 2 to 30 years, depending on the specific site and type of remediation project. Although the Company believes that its reserves are adequate for environmental contingencies, it is possible, due to the uncertainties noted above, that additional reserves could be required in the future that could have a material effect on the overall financial position, results of operations, or cash flows in a particular period. Changes in total environmental liabilities are as follows: (in millions) Environmental liabilities at December 31, 2021 $ 88.1 Revised obligation estimates 3.3 Environmental payments (6.1) Foreign exchange (0.1) Environmental liabilities at March 31, 2022 $ 85.2 (in millions) Balance Sheet Classification March 31, 2022 December 31, 2021 Current environmental liabilities Other accrued expenses $ 34.3 $ 39.3 Long-term environmental liabilities Other long-term liabilities 50.9 48.8

Leasing

Leasing	3 Months Ended
Leasing	Mar. 31, 2022
Leases [Abstract]
Leasing	15. Leasing The Company leases certain warehouses and distribution centers, office space, transportation equipment and other machinery and equipment. (in millions) Balance Sheet Classification March 31, 2022 December 31, 2021 Assets Operating lease assets Other assets $ 180.6 $ 164.3 Finance lease assets Property, plant and equipment, net (1) 100.3 102.1 Total lease assets $ 280.9 $ 266.4 Liabilities Current liabilities: Current portion of operating lease liabilities Other accrued expenses $ 45.7 $ 45.7 Current portion of finance lease liabilities Current portion of long-term debt 26.4 27.5 Noncurrent liabilities: Operating lease liabilities Other long-term liabilities 141.1 125.5 Finance lease liabilities Long-term debt 73.2 74.4 Total lease liabilities $ 286.4 $ 273.1 (1) Finance lease right-of-use assets are recorded net of accumulated depreciation of $80.1 million and $75.8 million as of March 31, 2022 and December 31, 2021, respectively. Lease cost (in millions) Three months ended March 31, 2022 Three months ended March 31, 2021 Statement of Operations Classification Operating Leases Finance Leases Total Operating Leases Finance Leases Total Cost of goods sold (exclusive of depreciation) $ 5.5 $ — $ 5.5 $ 5.6 $ — $ 5.6 Outbound freight and handling 1.6 — 1.6 2.0 — 2.0 Warehousing, selling and administrative 6.8 — 6.8 7.4 — 7.4 Depreciation — 6.9 6.9 — 6.4 6.4 Interest expense — 0.9 0.9 — 1.0 1.0 Total gross lease component costs $ 13.9 $ 7.8 $ 21.7 $ 15.0 $ 7.4 $ 22.4 Variable lease costs 0.3 0.3 Short-term lease costs 1.9 3.9 Total gross lease costs $ 23.9 $ 26.6 Less: sublease income 0.2 0.6 Total net lease costs $ 23.7 $ 26.0 Maturity of lease liabilities (in millions) Operating Leases Finance Leases Total Remainder of 2022 $ 41.3 $ 23.2 $ 64.5 2023 40.7 22.7 63.4 2024 28.1 19.2 47.3 2025 19.7 17.3 37.0 2026 16.2 15.1 31.3 2027 and after 78.1 10.4 88.5 Total lease payments $ 224.1 $ 107.9 $ 332.0 Less: interest 37.3 8.3 45.6 Present value of lease liabilities $ 186.8 $ 99.6 $ 286.4 Lease term and discount rate March 31, 2022 December 31, 2021 Weighted-average remaining lease term (years) Operating leases 7.9 6.7 Finance leases 6.4 6.5 Weighted-average discount rate Operating leases 3.91 % 3.99 % Finance leases 3.57 % 3.59 % Other information Three months ended March 31, (in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14.5 $ 14.5 Operating cash flows from finance leases 0.9 1.0 Financing cash flows from finance leases 7.6 6.8
Leasing	15. Leasing The Company leases certain warehouses and distribution centers, office space, transportation equipment and other machinery and equipment. (in millions) Balance Sheet Classification March 31, 2022 December 31, 2021 Assets Operating lease assets Other assets $ 180.6 $ 164.3 Finance lease assets Property, plant and equipment, net (1) 100.3 102.1 Total lease assets $ 280.9 $ 266.4 Liabilities Current liabilities: Current portion of operating lease liabilities Other accrued expenses $ 45.7 $ 45.7 Current portion of finance lease liabilities Current portion of long-term debt 26.4 27.5 Noncurrent liabilities: Operating lease liabilities Other long-term liabilities 141.1 125.5 Finance lease liabilities Long-term debt 73.2 74.4 Total lease liabilities $ 286.4 $ 273.1 (1) Finance lease right-of-use assets are recorded net of accumulated depreciation of $80.1 million and $75.8 million as of March 31, 2022 and December 31, 2021, respectively. Lease cost (in millions) Three months ended March 31, 2022 Three months ended March 31, 2021 Statement of Operations Classification Operating Leases Finance Leases Total Operating Leases Finance Leases Total Cost of goods sold (exclusive of depreciation) $ 5.5 $ — $ 5.5 $ 5.6 $ — $ 5.6 Outbound freight and handling 1.6 — 1.6 2.0 — 2.0 Warehousing, selling and administrative 6.8 — 6.8 7.4 — 7.4 Depreciation — 6.9 6.9 — 6.4 6.4 Interest expense — 0.9 0.9 — 1.0 1.0 Total gross lease component costs $ 13.9 $ 7.8 $ 21.7 $ 15.0 $ 7.4 $ 22.4 Variable lease costs 0.3 0.3 Short-term lease costs 1.9 3.9 Total gross lease costs $ 23.9 $ 26.6 Less: sublease income 0.2 0.6 Total net lease costs $ 23.7 $ 26.0 Maturity of lease liabilities (in millions) Operating Leases Finance Leases Total Remainder of 2022 $ 41.3 $ 23.2 $ 64.5 2023 40.7 22.7 63.4 2024 28.1 19.2 47.3 2025 19.7 17.3 37.0 2026 16.2 15.1 31.3 2027 and after 78.1 10.4 88.5 Total lease payments $ 224.1 $ 107.9 $ 332.0 Less: interest 37.3 8.3 45.6 Present value of lease liabilities $ 186.8 $ 99.6 $ 286.4 Lease term and discount rate March 31, 2022 December 31, 2021 Weighted-average remaining lease term (years) Operating leases 7.9 6.7 Finance leases 6.4 6.5 Weighted-average discount rate Operating leases 3.91 % 3.99 % Finance leases 3.57 % 3.59 % Other information Three months ended March 31, (in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14.5 $ 14.5 Operating cash flows from finance leases 0.9 1.0 Financing cash flows from finance leases 7.6 6.8

Segments

Segments	3 Months Ended
Segments	Mar. 31, 2022
Segment Reporting [Abstract]
Segments	16. Segments The Company’s operations are structured into four reportable segments that represent the geographic areas under which it operates and manages the business. Management monitors the operating results of its reportable segments separately for the purpose of making decisions about resource allocation and performance assessment. Management evaluates performance of its reportable segments on the basis of Adjusted EBITDA. Adjusted EBITDA is defined as the sum of consolidated net income; depreciation; amortization; net interest expense; income tax expense; impairment charges; gain on sale of business; other operating expenses, net and other income, net (for both, see “Note 6: Supplemental financial information”). Transfer prices between reportable segments are set on an arms-length basis in a similar manner to transactions with third parties. Corporate operating expenses that directly benefit segments have been allocated to the reportable segments. Allocable operating expenses are identified through a review process by management. The allocable operating expenses are assigned to the reportable segments on a basis that reasonably approximates the use of services, which is generally measured based on a weighted distribution of margin, asset, headcount or time spent. Financial information for the Company’s reportable segments is as follows: (in millions) USA EMEA Canada LATAM Other/ Eliminations (1) Consolidated Net Sales Three months ended March 31, 2022 External customers $ 1,843.2 $ 562.2 $ 293.4 $ 183.8 $ — $ 2,882.6 Inter-segment 28.5 0.7 1.8 — (31.0) — Net Sales $ 1,871.7 $ 562.9 $ 295.2 $ 183.8 $ (31.0) $ 2,882.6 Three months ended March 31, 2021 External customers $ 1,293.0 $ 505.9 $ 222.7 $ 133.8 $ — $ 2,155.4 Inter-segment 17.4 0.8 0.7 — (18.9) — Net Sales $ 1,310.4 $ 506.7 $ 223.4 $ 133.8 $ (18.9) $ 2,155.4 (1) Other/Eliminations represents the elimination of intersegment transactions. Three months ended March 31, (in millions) 2022 2021 Adjusted EBITDA USA $ 209.2 $ 101.8 EMEA 63.8 50.6 Canada 36.7 26.3 LATAM 16.2 15.6 Other/Eliminations (1) (6.6) (12.1) Consolidated $ 319.3 $ 182.2 (1) Other/Eliminations represents unallocated corporate costs and/or assets consisting of items specifically related to parent company operations that do not directly benefit segments, either individually or collectively. The following is a reconciliation of net income to Adjusted EBITDA for the three months ended March 31, 2022 and 2021: Three months ended March 31, (in millions) 2022 2021 Net income $ 180.8 $ 66.2 Depreciation 32.9 43.8 Amortization 11.8 13.1 Interest expense, net 21.1 26.6 Income tax expense 64.7 17.6 EBITDA $ 311.3 $ 167.3 Other operating expenses, net 15.7 44.2 Other income, net (7.7) (28.7) Gain on sale of business — (0.6) Adjusted EBITDA $ 319.3 $ 182.2

Significant accounting polici_2

Significant accounting policies (Policies)	3 Months Ended
Significant accounting policies (Policies)	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of consolidation and presentation	Basis of consolidation and presentation The condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) as applicable to interim financial reporting. These condensed consolidated financial statements, in the Company’s opinion, include all adjustments consisting of normal recurring accruals necessary for a fair presentation of the condensed consolidated balance sheets, statements of operations, comprehensive income, cash flows and changes in stockholders’ equity. The results of operations for the periods presented are not necessarily indicative of the operating results that may be expected for the full year. The accompanying condensed consolidated financial statements of Univar Solutions include the combined results of all directly and indirectly controlled companies, which have been adjusted to account for the elimination of intercompany balances and transactions.
Reclassification	Proceeds and repayments under the revolving credit facilities for 2021, previously reported net in our condensed consolidated statement of cash flows, are now presented separately to conform to the current period’s presentation. Additionally, certain other immaterial amounts in the prior period’s condensed consolidated financial statements and notes have been reclassified to conform to the current period’s presentation.
Accounting pronouncements issued and not yet adopted	Accounting pronouncements issued and not yet adopted In October 2021, the FASB issued ASU 2021-08 “Business Combinations” (Topic 805) – “Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” This ASU requires an entity to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 (Revenue from Contracts with Customers). The Company expects to adopt this guidance effective January 1, 2023 and is currently determining the impacts of the guidance on its consolidated financial statements.

Business combinations (Tables)

Business combinations (Tables)	3 Months Ended
Business combinations (Tables)	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Preliminary purchase price allocation	The preliminary values and measurement period adjustments related to the significant assets and liabilities are shown below: (in millions) December 1, 2021 Measurement Period Adjustments March 31, 2022 Cash and cash equivalents $ 1.2 $ — $ 1.2 Trade accounts receivable, net 15.6 $ — $ 15.6 Inventories 8.5 — 8.5 Prepaid expenses and other current assets 2.6 — 2.6 Goodwill 33.8 (1.0) 32.8 Intangible assets, net 13.3 1.7 15.0 Trade accounts payable (16.6) — (16.6) Deferred tax liabilities (4.5) (0.6) (5.1) Other non-significant assets and liabilities, net (1.0) — (1.0) Purchase consideration $ 52.9 $ 0.1 $ 53.0 Less: Cash and cash equivalents (1.2) — (1.2) Purchase consideration, net of cash $ 51.7 $ 0.1 $ 51.8

Goodwill and intangibles, net (

Goodwill and intangibles, net (Tables)	3 Months Ended
Goodwill and intangibles, net (Tables)	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The following is a summary of the activity in goodwill by segment. (in millions) USA EMEA Canada LATAM Total Balance, January 1, 2022 $ 1,812.6 $ 7.4 $ 431.4 $ 59.0 $ 2,310.4 Purchase price adjustments — — — (1.0) (1.0) Foreign exchange — (0.1) 4.5 8.0 12.4 Balance, March 31, 2022 $ 1,812.6 $ 7.3 $ 435.9 $ 66.0 $ 2,321.8
Schedule of intangible assets, net	Intangible assets, net March 31, 2022 December 31, 2021 (in millions) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Customer relationships $ 945.6 $ (745.7) $ 199.9 $ 940.1 $ (732.8) $ 207.3 Other 169.2 (165.2) 4.0 168.9 (164.5) 4.4 Total intangible assets $ 1,114.8 $ (910.9) $ 203.9 $ 1,109.0 $ (897.3) $ 211.7
Schedule of finite-lived intangible assets, future amortization expense	The estimated annual amortization expense in each of the next five years is as follows: (in millions) 2022 $ 47.9 2023 42.6 2024 33.3 2025 29.5 2026 24.5

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following tables disaggregate external customer net sales by major stream: Three months ended March 31, (in millions) 2022 2021 USA Chemical distribution $ 1,777.1 $ 1,222.2 Services 66.1 70.8 Total external customer net sales $ 1,843.2 $ 1,293.0 EMEA Chemical distribution $ 562.2 $ 505.7 Services — 0.2 Total external customer net sales $ 562.2 $ 505.9 Canada Chemical distribution $ 293.4 $ 218.7 Services — 4.0 Total external customer net sales $ 293.4 $ 222.7 LATAM Chemical distribution $ 180.7 $ 132.0 Services 3.1 1.8 Total external customer net sales $ 183.8 $ 133.8 Consolidated Chemical distribution $ 2,813.4 $ 2,078.6 Services 69.2 76.8 Total external customer net sales $ 2,882.6 $ 2,155.4

Supplemental financial inform_2

Supplemental financial information (Tables)	3 Months Ended
Supplemental financial information (Tables)	Mar. 31, 2022
Other Income and Expenses [Abstract]
Schedule of other operating expenses	Other operating expenses, net consisted of the following: Three months ended March 31, (in millions) 2022 2021 Acquisition and integration related expenses $ — $ 16.4 Stock-based compensation expense 13.9 5.9 Other employee severance costs — 2.9 Multi-employer pension plan exit liability — 18.4 Gain on sale of property, plant and equipment (0.9) (1.1) Other 2.7 1.7 Total other operating expenses, net $ 15.7 $ 44.2
Schedule of other income (expense), net	Other income, net consisted of the following: Three months ended March 31, (in millions) 2022 2021 Foreign currency transactions $ 4.3 $ (1.8) Foreign currency denominated loan revaluations (3.8) (0.1) Undesignated foreign currency derivative instruments 0.9 (1.7) Undesignated interest rate and cross currency swap contracts 4.1 1.3 Non-operating retirement benefits 2.6 6.7 Fair value adjustment for warrants — 25.6 Other (0.4) (1.3) Total other income, net $ 7.7 $ 28.7
Summary of property, plant and equipment, net	(in millions) March 31, 2022 December 31, 2021 Property, plant and equipment, at cost $ 2,262.0 $ 2,238.8 Less: accumulated depreciation (1,233.9) (1,207.8) Property, plant and equipment, net $ 1,028.1 $ 1,031.0
Schedule of allowance for doubtful accounts	The change in the allowance for doubtful accounts is as follows: (in millions) Balance, January 1, 2022 $ 15.8 Provision for credit losses (0.1) Write-offs (0.9) Foreign exchange 0.2 Balance, March 31, 2022 $ 15.0

Employee benefit plans (Tables)

Employee benefit plans (Tables)	3 Months Ended
Employee benefit plans (Tables)	Mar. 31, 2022
Postemployment Benefits [Abstract]
Summary of net periodic benefit income	The following table summarizes the components of net periodic benefit (income) cost recognized in the condensed consolidated statements of operations related to defined benefit plans: Domestic Foreign Three months ended March 31, Three months ended March 31, (in millions) 2022 2021 2022 2021 Service cost (1) $ — $ — $ 0.3 $ 0.5 Interest cost (2) 5.2 4.8 2.9 2.5 Expected return on plan assets (2) (7.6) (7.3) (3.0) (3.8) Prior service (credit) cost (2) — — (0.1) (2.9) Net periodic benefit (income) cost $ (2.4) $ (2.5) $ 0.1 $ (3.7) (1) Service cost is included in warehouse, selling and administrative expenses. (2) These amounts are included in other income, net, and represent non-operating retirement benefits.

Income taxes (Tables)

Income taxes (Tables)	3 Months Ended
Income taxes (Tables)	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of effective income tax expense and effective income tax rate	The income tax expense and effective income tax rate for the three months ended March 31, 2022 and 2021 were as follows: Three months ended March 31, (dollars in millions) 2022 2021 Income tax expense $ 64.7 $ 17.6 Effective income tax rate 26.4 % 21.0 %

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
Earnings per share (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
Summary of computations of basic and diluted earnings per share	The following table presents the basic and diluted earnings per share computations: Three months ended March 31, (in millions, except per share data) 2022 2021 Net income $ 180.8 $ 66.2 Weighted average common shares outstanding Basic 169.6 169.3 Effect of dilutive securities: stock compensation plans 1.7 0.8 Diluted 171.3 170.1 Income per common share Basic $ 1.07 $ 0.39 Diluted $ 1.06 $ 0.39 The shares that were not included in the computation of diluted earnings per share for those periods because their inclusion would be anti-dilutive were as follows: Three months ended March 31, (in millions, common shares) 2022 2021 Stock options — 3.8 Restricted stock — 0.2 Warrants — 7.6

Accumulated other comprehensi_2

Accumulated other comprehensive income (loss) (Tables)	3 Months Ended
Accumulated other comprehensive income (loss) (Tables)	Mar. 31, 2022
Equity [Abstract]
Changes in accumulated other comprehensive loss by component, net of tax	The following tables present the changes in accumulated other comprehensive income (loss) by component, net of tax: (in millions) Cash flow hedges Defined benefit pension Currency translation Total AOCI Balance, December 31, 2021 $ (10.8) $ 16.7 $ (368.6) $ (362.7) Other comprehensive income before reclassifications 42.5 — 17.2 59.7 Amounts reclassified from accumulated other comprehensive loss (6.1) (0.1) — (6.2) Net current period other comprehensive income (loss) $ 36.4 $ (0.1) $ 17.2 $ 53.5 Balance, March 31, 2022 $ 25.6 $ 16.6 $ (351.4) $ (309.2) Balance, December 31, 2020 $ (32.7) $ 19.2 $ (373.6) $ (387.1) Other comprehensive income before reclassifications 14.9 — 0.8 15.7 Amounts reclassified from accumulated other comprehensive loss (8.3) (2.4) — (10.7) Net current period other comprehensive income (loss) $ 6.6 $ (2.4) $ 0.8 $ 5.0 Balance, March 31, 2021 $ (26.1) $ 16.8 $ (372.8) $ (382.1)
Summary of amounts reclassified from accumulated other comprehensive loss to net income	The following is a summary of the amounts reclassified from accumulated other comprehensive income (loss) to net income: Statement of Operations Classification Three months ended March 31, (in millions) 2022 (1) 2021 (1) Amortization of defined benefit pension items: Prior service credit Other income, net $ (0.1) $ (2.9) Tax expense Income tax expense — 0.5 Net of tax $ (0.1) $ (2.4) Cash flow hedges: Interest rate swap contracts Interest expense $ 2.6 $ 4.8 Cross-currency swap contracts Interest expense and other income, net (10.7) (15.9) Tax expense Income tax expense 2.0 2.8 Net of tax $ (6.1) $ (8.3) Total reclassifications for the period, net of tax $ (6.2) $ (10.7) (1) Amounts in parentheses indicate credits to net income in the condensed consolidated statements of operations.

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of long term debt	Long-term debt consisted of the following: (in millions) March 31, 2022 December 31, 2021 Senior Term Loan Facilities: Term B-5 Loan due 2026, variable interest rate of 2.46% and 2.10% at March 31, 2022 and December 31, 2021, respectively $ 391.0 $ 392.0 Term B-6 Loan due 2028, variable interest rate of 2.21% and 2.10% at March 31, 2022 and December 31, 2021, respectively 992.5 995.0 Asset Backed Loan (“ABL”) Facilities: North American ABL Facility due 2024, variable interest rate of 1.64% and 1.43% at March 31, 2022 and December 31, 2021, respectively 495.0 297.9 Senior Unsecured Notes: Senior Unsecured Notes due 2027, fixed interest rate of 5.13% at March 31, 2022 and December 31, 2021 500.0 500.0 Finance lease obligations 99.6 101.9 Total long-term debt before discount $ 2,478.1 $ 2,286.8 Less: unamortized debt issuance costs and discount on debt (20.8) (21.8) Total long-term debt $ 2,457.3 $ 2,265.0 Less: current maturities (40.4) (41.5) Total long-term debt, excluding current maturities $ 2,416.9 $ 2,223.5
Schedule of carrying values and estimated fair values of debt instruments	March 31, 2022 December 31, 2021 (in millions) Carrying amount Fair value Carrying amount Fair value Fair value of debt $ 2,457.3 $ 2,469.4 $ 2,265.0 $ 2,307.8

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
Derivatives (Tables)	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	The following table presents the notional amounts of the Company’s outstanding derivative instruments by type: (in millions) March 31, 2022 December 31, 2021 Designated Derivatives: Interest rate swap contracts $ 650.0 $ 650.0 Cross currency swap contracts 381.0 381.0 Undesignated Derivatives: Interest rate swap contracts $ 100.0 $ 100.0 Foreign currency derivatives 186.3 179.0 Cross currency swap contracts 19.0 19.0
Schedule of pre-tax effects of derivative instruments	The following are the pre-tax effects of derivative instruments on the condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2022 and 2021: Statement of Operations Classification Amount of (loss) gain reclassified from other comprehensive loss into income Amount of (loss) gain to be reclassified to consolidated statement of operations within the next 12 months Three months ended March 31, (in millions) 2022 2021 Derivatives in cash flow hedging relationships: Interest rate swap contracts Interest expense $ (2.6) $ (4.8) $ 0.6 Cross currency swap contracts Interest expense 0.4 0.3 8.0 Cross currency swap contracts Other income, net 10.3 15.6 —
Schedule of gross assets and liabilities measured on a recurring basis and classified as level 2	The following table presents the Company’s gross assets and liabilities measured on a recurring basis and classified as Level 2 within the fair value hierarchy: Derivative Assets Derivative Liabilities (in millions) Balance Sheet Classification March 31, 2022 December 31, 2021 Balance Sheet Classification March 31, 2022 December 31, 2021 Designated Derivatives: Cross currency swap contracts Prepaid expenses and other current assets $ 8.0 $ 2.8 Other accrued expenses $ — $ — Cross currency swap contracts Other assets 6.4 — Other long-term liabilities — 12.7 Interest rate swap contracts Prepaid expenses and other current assets 3.2 — Other accrued expenses 2.6 8.1 Interest rate swap contracts Other assets 18.3 — Other long-term liabilities — 7.8 Total designated derivatives $ 35.9 $ 2.8 $ 2.6 $ 28.6 Undesignated Derivatives: Foreign currency contracts Prepaid expenses and other current assets $ 0.8 $ 1.8 Other accrued expenses $ 0.7 $ 0.8 Cross currency swap contracts Prepaid expenses and other current assets 0.4 0.1 Other accrued expenses — — Cross currency swap contracts Other assets 0.3 — Other long-term liabilities — 0.6 Interest rate swap contracts Prepaid expenses and other current assets — — Other accrued expenses 0.4 1.7 Interest rate swap contracts Other assets 0.9 — Other long-term liabilities — 1.1 Total undesignated derivatives $ 2.4 $ 1.9 $ 1.1 $ 4.2 Total derivatives $ 38.3 $ 4.7 $ 3.7 $ 32.8

Commitments and contingencies (

Commitments and contingencies (Tables)	3 Months Ended
Commitments and contingencies (Tables)	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Changes in total environmental liabilities	Changes in total environmental liabilities are as follows: (in millions) Environmental liabilities at December 31, 2021 $ 88.1 Revised obligation estimates 3.3 Environmental payments (6.1) Foreign exchange (0.1) Environmental liabilities at March 31, 2022 $ 85.2
Schedule of environmental liabilities	(in millions) Balance Sheet Classification March 31, 2022 December 31, 2021 Current environmental liabilities Other accrued expenses $ 34.3 $ 39.3 Long-term environmental liabilities Other long-term liabilities 50.9 48.8

Leasing (Tables)

Leasing (Tables)	3 Months Ended
Leasing (Tables)	Mar. 31, 2022
Leases [Abstract]
Schedule of leases	(in millions) Balance Sheet Classification March 31, 2022 December 31, 2021 Assets Operating lease assets Other assets $ 180.6 $ 164.3 Finance lease assets Property, plant and equipment, net (1) 100.3 102.1 Total lease assets $ 280.9 $ 266.4 Liabilities Current liabilities: Current portion of operating lease liabilities Other accrued expenses $ 45.7 $ 45.7 Current portion of finance lease liabilities Current portion of long-term debt 26.4 27.5 Noncurrent liabilities: Operating lease liabilities Other long-term liabilities 141.1 125.5 Finance lease liabilities Long-term debt 73.2 74.4 Total lease liabilities $ 286.4 $ 273.1 (1) Finance lease right-of-use assets are recorded net of accumulated depreciation of $80.1 million and $75.8 million as of March 31, 2022 and December 31, 2021, respectively.
Lease cost, term and discount rate	Lease cost (in millions) Three months ended March 31, 2022 Three months ended March 31, 2021 Statement of Operations Classification Operating Leases Finance Leases Total Operating Leases Finance Leases Total Cost of goods sold (exclusive of depreciation) $ 5.5 $ — $ 5.5 $ 5.6 $ — $ 5.6 Outbound freight and handling 1.6 — 1.6 2.0 — 2.0 Warehousing, selling and administrative 6.8 — 6.8 7.4 — 7.4 Depreciation — 6.9 6.9 — 6.4 6.4 Interest expense — 0.9 0.9 — 1.0 1.0 Total gross lease component costs $ 13.9 $ 7.8 $ 21.7 $ 15.0 $ 7.4 $ 22.4 Variable lease costs 0.3 0.3 Short-term lease costs 1.9 3.9 Total gross lease costs $ 23.9 $ 26.6 Less: sublease income 0.2 0.6 Total net lease costs $ 23.7 $ 26.0 Lease term and discount rate March 31, 2022 December 31, 2021 Weighted-average remaining lease term (years) Operating leases 7.9 6.7 Finance leases 6.4 6.5 Weighted-average discount rate Operating leases 3.91 % 3.99 % Finance leases 3.57 % 3.59 % Other information Three months ended March 31, (in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14.5 $ 14.5 Operating cash flows from finance leases 0.9 1.0 Financing cash flows from finance leases 7.6 6.8
Operating lease maturity schedule	Maturity of lease liabilities (in millions) Operating Leases Finance Leases Total Remainder of 2022 $ 41.3 $ 23.2 $ 64.5 2023 40.7 22.7 63.4 2024 28.1 19.2 47.3 2025 19.7 17.3 37.0 2026 16.2 15.1 31.3 2027 and after 78.1 10.4 88.5 Total lease payments $ 224.1 $ 107.9 $ 332.0 Less: interest 37.3 8.3 45.6 Present value of lease liabilities $ 186.8 $ 99.6 $ 286.4
Finance lease maturity schedule	Maturity of lease liabilities (in millions) Operating Leases Finance Leases Total Remainder of 2022 $ 41.3 $ 23.2 $ 64.5 2023 40.7 22.7 63.4 2024 28.1 19.2 47.3 2025 19.7 17.3 37.0 2026 16.2 15.1 31.3 2027 and after 78.1 10.4 88.5 Total lease payments $ 224.1 $ 107.9 $ 332.0 Less: interest 37.3 8.3 45.6 Present value of lease liabilities $ 186.8 $ 99.6 $ 286.4

Segments (Tables)

Segments (Tables)	3 Months Ended
Segments (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Financial information for the Company's segments	Financial information for the Company’s reportable segments is as follows: (in millions) USA EMEA Canada LATAM Other/ Eliminations (1) Consolidated Net Sales Three months ended March 31, 2022 External customers $ 1,843.2 $ 562.2 $ 293.4 $ 183.8 $ — $ 2,882.6 Inter-segment 28.5 0.7 1.8 — (31.0) — Net Sales $ 1,871.7 $ 562.9 $ 295.2 $ 183.8 $ (31.0) $ 2,882.6 Three months ended March 31, 2021 External customers $ 1,293.0 $ 505.9 $ 222.7 $ 133.8 $ — $ 2,155.4 Inter-segment 17.4 0.8 0.7 — (18.9) — Net Sales $ 1,310.4 $ 506.7 $ 223.4 $ 133.8 $ (18.9) $ 2,155.4 (1) Other/Eliminations represents the elimination of intersegment transactions. Three months ended March 31, (in millions) 2022 2021 Adjusted EBITDA USA $ 209.2 $ 101.8 EMEA 63.8 50.6 Canada 36.7 26.3 LATAM 16.2 15.6 Other/Eliminations (1) (6.6) (12.1) Consolidated $ 319.3 $ 182.2 (1) Other/Eliminations represents unallocated corporate costs and/or assets consisting of items specifically related to parent company operations that do not directly benefit segments, either individually or collectively.
Reconciliation of net income (loss) to adjusted EBITDA	The following is a reconciliation of net income to Adjusted EBITDA for the three months ended March 31, 2022 and 2021: Three months ended March 31, (in millions) 2022 2021 Net income $ 180.8 $ 66.2 Depreciation 32.9 43.8 Amortization 11.8 13.1 Interest expense, net 21.1 26.6 Income tax expense 64.7 17.6 EBITDA $ 311.3 $ 167.3 Other operating expenses, net 15.7 44.2 Other income, net (7.7) (28.7) Gain on sale of business — (0.6) Adjusted EBITDA $ 319.3 $ 182.2

Nature of operations (Detail)

Nature of operations (Detail)	3 Months Ended
Nature of operations (Detail)	Mar. 31, 2022segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	4

Business combinations - Narrati

Business combinations - Narrative (Detail) - USD ($) $ in Millions	Dec. 01, 2021	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Cash payment for acquisition		$ 3.8	$ 0
Sweetmix Distribuidora De Materias Primus Industriais Ltda
Business Acquisition [Line Items]
Purchase price of acquisition	$ 53
Cash payment for acquisition	32.5
Cash acquired from acquisition	1.2
Other liabilities related to the acquisition of business	$ 19.3
Purchase price payment, term of payable	5 years
Weighted average period of amortization on intangible assets	8 years

Business combinations - Prelimi

Business combinations - Preliminary Purchase Price Allocation (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 01, 2021
Business Acquisition [Line Items]
Goodwill	$ 2,321.8		$ 2,310.4
Deferred tax liabilities	(5.1)			$ (4.5)
Purchase consideration, net of cash	51.8			51.7
Measurement Period Adjustments
Purchase price adjustments	(1)
Sweetmix Distribuidora De Materias Primus Industriais Ltda
Business Acquisition [Line Items]
Cash and cash equivalents	1.2			1.2
Trade accounts receivable, net	15.6			15.6
Inventories	8.5			8.5
Prepaid expenses and other current assets	2.6			2.6
Goodwill	32.8			33.8
Intangible assets, net	15			13.3
Trade accounts payable	(16.6)			(16.6)
Other non-significant assets and liabilities, net	(1)			(1)
Purchase consideration	53			$ 52.9
Measurement Period Adjustments
Purchase price adjustments	(1)
Intangible assets, net	1.7
Deferred tax liabilities	(0.6)
Purchase consideration	$ 0.1	$ 0.1

Goodwill and intangibles, net -

Goodwill and intangibles, net - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 2,310.4
Purchase price adjustments	(1)
Foreign exchange	12.4
Goodwill, ending balance	2,321.8
USA
Goodwill [Line Items]
Goodwill, beginning balance	1,812.6
Purchase price adjustments	0
Foreign exchange	0
Goodwill, ending balance	1,812.6
EMEA
Goodwill [Line Items]
Goodwill, beginning balance	7.4
Purchase price adjustments	0
Foreign exchange	(0.1)
Goodwill, ending balance	7.3
Canada
Goodwill [Line Items]
Goodwill, beginning balance	431.4
Purchase price adjustments	0
Foreign exchange	4.5
Goodwill, ending balance	435.9
LATAM
Goodwill [Line Items]
Goodwill, beginning balance	59
Purchase price adjustments	(1)
Foreign exchange	8
Goodwill, ending balance	$ 66

Goodwill and intangibles, net_2

Goodwill and intangibles, net - Schedule of Intangible Assets, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross	$ 1,114.8	$ 1,109
Accumulated Amortization	(910.9)	(897.3)
Net	203.9	211.7
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	945.6	940.1
Accumulated Amortization	(745.7)	(732.8)
Net	199.9	207.3
Other
Finite-Lived Intangible Assets [Line Items]
Gross	169.2	168.9
Accumulated Amortization	(165.2)	(164.5)
Net	$ 4	$ 4.4

Goodwill and intangibles, net_3

Goodwill and intangibles, net - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) $ in Millions	Mar. 31, 2022USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
2022	$ 47.9
2023	42.6
2024	33.3
2025	29.5
2026	$ 24.5

Revenue - Schedule of External

Revenue - Schedule of External Net Sales Disaggregated by Major Stream Type (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 2,882.6	$ 2,155.4
USA
Disaggregation of Revenue [Line Items]
Net sales	1,843.2	1,293
EMEA
Disaggregation of Revenue [Line Items]
Net sales	562.2	505.9
Canada
Disaggregation of Revenue [Line Items]
Net sales	293.4	222.7
LATAM
Disaggregation of Revenue [Line Items]
Net sales	183.8	133.8
Chemical distribution
Disaggregation of Revenue [Line Items]
Net sales	2,813.4	2,078.6
Chemical distribution \| USA
Disaggregation of Revenue [Line Items]
Net sales	1,777.1	1,222.2
Chemical distribution \| EMEA
Disaggregation of Revenue [Line Items]
Net sales	562.2	505.7
Chemical distribution \| Canada
Disaggregation of Revenue [Line Items]
Net sales	293.4	218.7
Chemical distribution \| LATAM
Disaggregation of Revenue [Line Items]
Net sales	180.7	132
Services
Disaggregation of Revenue [Line Items]
Net sales	69.2	76.8
Services \| USA
Disaggregation of Revenue [Line Items]
Net sales	66.1	70.8
Services \| EMEA
Disaggregation of Revenue [Line Items]
Net sales	0	0.2
Services \| Canada
Disaggregation of Revenue [Line Items]
Net sales	0	4
Services \| LATAM
Disaggregation of Revenue [Line Items]
Net sales	$ 3.1	$ 1.8

Revenue - Narrative (Detail)

Revenue - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended
Revenue - Narrative (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue recognized from amounts included in contract liabilities	$ 3.4	$ 4.3
Customer prepayments and deposits	$ 6.4		$ 17.6

Supplemental financial inform_3

Supplemental financial information - Other Operating Expenses, Net (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Income and Expenses [Abstract]
Acquisition and integration related expenses	$ 0	$ 16.4
Stock-based compensation expense	13.9	5.9
Other employee severance costs	0	2.9
Multi-employer pension plan exit liability	0	18.4
Gain on sale of property, plant and equipment	(0.9)	(1.1)
Other	2.7	1.7
Total other operating expenses, net	$ 15.7	$ 44.2

Supplemental financial inform_4

Supplemental financial information - Other Income, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Income and Expenses [Abstract]
Foreign currency transactions	$ 4.3	$ (1.8)
Foreign currency denominated loan revaluations	(3.8)	(0.1)
Undesignated foreign currency derivative instruments	0.9	(1.7)
Undesignated interest rate and cross currency swap contracts	4.1	1.3
Non-operating retirement benefits	2.6	6.7
Fair value adjustment for warrants	0	25.6
Other	(0.4)	(1.3)
Total other income, net	$ 7.7	$ 28.7

Supplemental financial inform_5

Supplemental financial information - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Amount held in notional cash pool, net	$ 78	$ 43.2
Gross amount of cash in notional cash pool	120.6	146
Bank overdrafts, notional cash pool	$ 42.6	$ 102.8

Supplemental financial inform_6

Supplemental financial information - Allowance for Doubtful Accounts (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Other Income and Expenses [Abstract]
Balance, beginning of period	$ 15.8
Provision for credit losses	(0.1)
Write-offs	(0.9)
Foreign exchange	0.2
Balance, end of period	$ 15

Supplemental financial inform_7

Supplemental financial information - Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Property, plant and equipment, at cost	$ 2,262	$ 2,238.8
Less: accumulated depreciation	(1,233.9)	(1,207.8)
Property, plant and equipment, net	$ 1,028.1	$ 1,031

Supplemental financial inform_8

Supplemental financial information - Other Accrued Expenses (Details) $ in Millions	Mar. 31, 2022USD ($)
Other Income and Expenses [Abstract]
Current tax liabilities	$ 119.5

Employee benefit plans - Compon

Employee benefit plans - Components of Net Periodic Benefit Cost (Detail) - Defined Benefit Pension Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
USA
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0
Interest cost	5.2	4.8
Expected return on plan assets	(7.6)	(7.3)
Prior service (credit) cost	0	0
Net periodic benefit (income) cost	(2.4)	(2.5)
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.3	0.5
Interest cost	2.9	2.5
Expected return on plan assets	(3)	(3.8)
Prior service (credit) cost	(0.1)	(2.9)
Net periodic benefit (income) cost	$ 0.1	$ (3.7)

Employee benefit plans - Multi-

Employee benefit plans - Multi-Employer Pension Plan Exit Liability (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)facility
Central States Multi-employer Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Partial withdrawal liability	$ 31.2
Annual cash obligation	$ 1.9
Term of annual cash obligation payments	20 years
Central States Southeast and Southwest Areas Pension Plan \| Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Number of sites \| facility	8

Income taxes (Detail)

Income taxes (Detail) - USD ($) $ in Millions	3 Months Ended
Income taxes (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 64.7	$ 17.6
Effective income tax rate	26.40%	21.00%

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computations of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net income	$ 180.8	$ 66.2
Weighted average common shares outstanding
Weighted average common shares outstanding - basic (in shares)	169.6	169.3
Effect of dilutive securities: stock compensation plans (in shares)	1.7	0.8
Weighted average common shares outstanding - diluted (in shares)	171.3	170.1
Income per common share
Basic income per common share (in dollars per share)	$ 1.07	$ 0.39
Diluted income per common share (in dollars per share)	$ 1.06	$ 0.39

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Computations of Basic and Diluted Earnings Per Share Footnote (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Employee Stock Option \| Common stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Share-based compensation awards not included in calculation of diluted earnings per share (in shares)	0	3.8
Employee Stock Option \| Restricted Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Share-based compensation awards not included in calculation of diluted earnings per share (in shares)	0	0.2
Warrants
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Share-based compensation awards not included in calculation of diluted earnings per share (in shares)	0	7.6

Accumulated other comprehensi_3

Accumulated other comprehensive income (loss) - Schedule of Changes in Accumulated Other Comprehensive Loss by Component Net of Tax (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 2,292.5	$ 1,792.3
Other comprehensive income before reclassifications	59.7	15.7
Amounts reclassified from accumulated other comprehensive loss	(6.2)	(10.7)
Net current period other comprehensive income (loss)	53.5	5
Ending balance	2,516.8	1,869
Accumulated other comprehensive loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(362.7)	(387.1)
Ending balance	(309.2)	(382.1)
Cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(10.8)	(32.7)
Other comprehensive income before reclassifications	42.5	14.9
Amounts reclassified from accumulated other comprehensive loss	(6.1)	(8.3)
Net current period other comprehensive income (loss)	36.4	6.6
Ending balance	25.6	(26.1)
Defined benefit pension
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	16.7	19.2
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	(0.1)	(2.4)
Net current period other comprehensive income (loss)	(0.1)	(2.4)
Ending balance	16.6	16.8
Currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(368.6)	(373.6)
Other comprehensive income before reclassifications	17.2	0.8
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive income (loss)	17.2	0.8
Ending balance	$ (351.4)	$ (372.8)

Accumulated other comprehensi_4

Accumulated other comprehensive income (loss) - Summary of Amounts Reclassified From Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	$ 64.7	$ 17.6
Interest expense	22.2	27
Net income	(180.8)	(66.2)
Prior service credit \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other income, net	(0.1)	(2.9)
Amortization of defined benefit pension items: \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	0	0.5
Net of tax	(0.1)	(2.4)
Cash flow hedges: \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	2	2.8
Net of tax	(6.1)	(8.3)
Net income	(6.2)	(10.7)
Cash flow hedges: \| Reclassification out of Accumulated Other Comprehensive Income \| Interest rate swap contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	2.6	4.8
Cash flow hedges: \| Reclassification out of Accumulated Other Comprehensive Income \| Cross-currency swap contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense and other income, net	$ (10.7)	$ (15.9)

Debt - Narrative (Detail)

Debt - Narrative (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Short-term financing	$ 10,000,000	$ 0
Letters of credit outstanding	$ 138,500,000	$ 141,900,000
Weighted average interest rate on long-term debt	3.08%	3.25%

Debt - Schedule of Long Term De

Debt - Schedule of Long Term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Finance lease obligations	$ 99.6	$ 101.9
Total long-term debt before discount	2,478.1	2,286.8
Less: unamortized debt issuance costs and discount on debt	(20.8)	(21.8)
Total long-term debt	2,457.3	2,265
Less: current maturities	(40.4)	(41.5)
Total long-term debt, excluding current maturities	2,416.9	2,223.5
Term B-5 Loan Due 2026
Debt Instrument [Line Items]
Aggregate principal amount	$ 391	$ 392
Variable interest rate	2.46%	2.10%
Term B-6 Loan Due 2028
Debt Instrument [Line Items]
Aggregate principal amount	$ 992.5	$ 995
Variable interest rate	2.21%	2.10%
North American ABL Due 2024
Debt Instrument [Line Items]
Aggregate principal amount	$ 495	$ 297.9
Variable interest rate	1.64%	1.43%
Unsecured Notes Due 2027
Debt Instrument [Line Items]
Aggregate principal amount	$ 500	$ 500
Fixed interest rate	5.13%	5.13%

Debt - Fair Value of Debt (Deta

Debt - Fair Value of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	$ 2,457.3	$ 2,265
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	2,457.3	2,265
Fair value	$ 2,469.4	$ 2,307.8

Equity and stock-based compen_2

Equity and stock-based compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2022	Nov. 30, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares repurchased during the period (in shares)	700,000
Purchases of treasury stock	$ 24
Restricted Stock Units (RSUs)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares granted in period (in shares)	704,466
Grant date fair value of shares granted in period (in dollars per share)	$ 28.36
Unrecognized stock-based compensation expense	$ 25
Period of recognition for unrecognized stock-based compensation expense	1 year 6 months
Performance Based Restricted Stock Units
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares granted in period (in shares)	243,750
Grant date fair value of shares granted in period (in dollars per share)	$ 27.94
Unrecognized stock-based compensation expense	$ 11.4
Period of recognition for unrecognized stock-based compensation expense	2 years
The 2021 Stock Repurchase Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock repurchase program, authorized amount		$ 500
Shares repurchased during the period (in shares)	731,064
Purchases of treasury stock	$ 24
Remaining authorized repurchased amount	$ 426

Derivatives - Narrative (Detail

Derivatives - Narrative (Detail)	3 Months Ended
Derivatives - Narrative (Detail)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Jun. 04, 2021USD ($)derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percentage of swaps designated as cash flow hedges	95.00%
Prepaid expenses and other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Forward currency contract asset fair value	$ 700,000	$ 1,700,000
Other accrued expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Forward currency contract liability fair value	$ 600,000	$ 700,000
Cross-currency swap contracts \| Minimum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, term	1 month
Cross-currency swap contracts \| Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, term	3 months
Interest rate swap contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of contracts held \| derivative			2
Interest rate swap derivatives, notional amount, June 30, 2023 to June 29, 2024			$ 250,000,000
Interest rate swap derivatives, notional amount, June 30, 2024 to May 31, 2028			$ 500,000,000

Derivatives - Schedule of Notio

Derivatives - Schedule of Notional Amounts (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Interest rate swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 650	$ 650
Interest rate swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	100	100
Foreign currency derivatives \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	186.3	179
Cross currency swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	381	381
Cross currency swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 19	$ 19

Derivatives - Pre-Tax Effects o

Derivatives - Pre-Tax Effects of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest rate swap contracts \| Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of (loss) gain reclassified from other comprehensive loss into income	$ (2.6)	$ (4.8)
Amount of (loss) gain to be reclassified to consolidated statement of operations within the next 12 months	0.6
Cross currency swap contracts \| Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of (loss) gain reclassified from other comprehensive loss into income	0.4	0.3
Amount of (loss) gain to be reclassified to consolidated statement of operations within the next 12 months	8
Cross currency swap contracts \| Other income, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of (loss) gain reclassified from other comprehensive loss into income	10.3	$ 15.6
Amount of (loss) gain to be reclassified to consolidated statement of operations within the next 12 months	$ 0

Derivatives - Assets and Liabil

Derivatives - Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	$ 38.3	$ 4.7
Derivative Liabilities	3.7	32.8
Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	35.9	2.8
Derivative Liabilities	2.6	28.6
Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	2.4	1.9
Derivative Liabilities	1.1	4.2
Prepaid expenses and other current assets \| Cross currency swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	8	2.8
Prepaid expenses and other current assets \| Cross currency swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0.4	0.1
Prepaid expenses and other current assets \| Interest rate swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	3.2	0
Prepaid expenses and other current assets \| Interest rate swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0	0
Prepaid expenses and other current assets \| Foreign currency derivatives \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0.8	1.8
Other assets \| Cross currency swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	6.4	0
Other assets \| Cross currency swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0.3	0
Other assets \| Interest rate swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	18.3	0
Other assets \| Interest rate swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Assets	0.9	0
Other accrued expenses \| Cross currency swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	0	0
Other accrued expenses \| Cross currency swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	0	0
Other accrued expenses \| Interest rate swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	2.6	8.1
Other accrued expenses \| Interest rate swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	0.4	1.7
Other accrued expenses \| Foreign currency derivatives \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	0.7	0.8
Other long-term liabilities \| Cross currency swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	0	12.7
Other long-term liabilities \| Cross currency swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	0	0.6
Other long-term liabilities \| Interest rate swap contracts \| Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	0	7.8
Other long-term liabilities \| Interest rate swap contracts \| Undesignated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liabilities	$ 0	$ 1.1

Commitments and contingencies -

Commitments and contingencies - Narrative (Detail)	3 Months Ended
Commitments and contingencies - Narrative (Detail)	Mar. 31, 2022siteclaimlocation
Other Commitments [Line Items]
Number of asbestos-related claims \| claim	235
Number of locations impacted by environmental laws and regulations \| location	128
Number of company owned/occupied sites requiring environmental remediation work	106
Number of non owned sites liable for a share of clean-up	22
Minimum
Other Commitments [Line Items]
Environmental project, term	2 years
Maximum
Other Commitments [Line Items]
Environmental project, term	30 years

Commitments and contingencies_2

Commitments and contingencies - Changes in Total Environmental Liabilities (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Accrual for Environmental Loss Contingencies [Roll Forward]
Environmental liabilities at beginning of period	$ 88.1
Revised obligation estimates	3.3
Environmental payments	(6.1)
Foreign exchange	(0.1)
Environmental liabilities at end of period	$ 85.2

Commitments and contingencies_3

Commitments and contingencies - Environmental Liabilities Balance Sheet Information (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Other accrued expenses
Other Commitments [Line Items]
Current environmental liabilities	$ 34.3	$ 39.3
Other long-term liabilities
Other Commitments [Line Items]
Long-term environmental liabilities	$ 50.9	$ 48.8

Leasing - Assets and Liabilitie

Leasing - Assets and Liabilities, Lessee (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Assets
Operating lease assets	$ 180.6	$ 164.3
Finance lease assets	100.3	102.1
Total lease assets	280.9	266.4
Current liabilities:
Current portion of operating lease liabilities	45.7	45.7
Current portion of finance lease liabilities	26.4	27.5
Noncurrent liabilities:
Operating lease liabilities	141.1	125.5
Finance lease liabilities	73.2	74.4
Total lease liabilities	$ 286.4	273.1
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued expenses
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long-term Debt and Lease Obligation, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt
Finance lease right-of-use assets accumulated amortization	$ 80.1	$ 75.8

Leasing - Lease Cost in Income

Leasing - Lease Cost in Income Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lessee, Lease, Description [Line Items]
Operating Leases	$ 13.9	$ 15
Finance Leases	7.8	7.4
Total	21.7	22.4
Depreciation	6.9	6.4
Interest expense	0.9	1
Variable lease costs	0.3	0.3
Short-term lease costs	1.9	3.9
Total gross lease costs	23.9	26.6
Less: sublease income	0.2	0.6
Total net lease costs	23.7	26
Cost of goods sold (exclusive of depreciation)
Lessee, Lease, Description [Line Items]
Operating Leases	5.5	5.6
Finance Leases	0	0
Total	5.5	5.6
Outbound freight and handling
Lessee, Lease, Description [Line Items]
Operating Leases	1.6	2
Finance Leases	0	0
Total	1.6	2
Warehousing, selling and administrative
Lessee, Lease, Description [Line Items]
Operating Leases	6.8	7.4
Finance Leases	0	0
Total	$ 6.8	$ 7.4

Leasing - Maturity of Lease Obl

Leasing - Maturity of Lease Obligations (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Operating Leases
Remainder of 2022	$ 41.3
2023	40.7
2024	28.1
2025	19.7
2026	16.2
2027 and after	78.1
Total lease payments	224.1
Less: interest	37.3
Present value of lease liabilities	186.8
Finance Leases
Remainder of 2022	23.2
2023	22.7
2024	19.2
2025	17.3
2026	15.1
2027 and after	10.4
Total lease payments	107.9
Less: interest	8.3
Present value of lease liabilities	99.6	$ 101.9
Total
Remainder of 2022	64.5
2023	63.4
2024	47.3
2025	37
2026	31.3
2027 and after	88.5
Total lease payments	332
Less: interest	45.6
Present value of lease liabilities	$ 286.4

Leasing - Lease Term and Discou

Leasing - Lease Term and Discount Rate (Details)	Mar. 31, 2022	Dec. 31, 2021
Weighted-average remaining lease term (years)
Operating leases	7 years 10 months 24 days	6 years 8 months 12 days
Finance leases	6 years 4 months 24 days	6 years 6 months
Weighted-average discount rate
Operating leases	3.91%	3.99%
Finance leases	3.57%	3.59%

Leasing - Other Information (De

Leasing - Other Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ 14.5	$ 14.5
Operating cash flows from finance leases	0.9	1
Financing cash flows from finance leases	$ 7.6	$ 6.8

Segments - Narrative (Detail)

Segments - Narrative (Detail) $ in Millions	3 Months Ended
Segments - Narrative (Detail) $ in Millions	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	4
Net sales	$ 2,882.6	$ 2,155.4
Adjusted EBITDA	319.3	182.2
USA
Segment Reporting Information [Line Items]
Net sales	1,843.2	1,293
EMEA
Segment Reporting Information [Line Items]
Net sales	562.2	505.9
Canada
Segment Reporting Information [Line Items]
Net sales	293.4	222.7
LATAM
Segment Reporting Information [Line Items]
Net sales	183.8	133.8
Inter-segment
Segment Reporting Information [Line Items]
Net sales	(31)	(18.9)
Adjusted EBITDA	(6.6)	(12.1)
Inter-segment \| USA
Segment Reporting Information [Line Items]
Net sales	28.5	17.4
Inter-segment \| EMEA
Segment Reporting Information [Line Items]
Net sales	0.7	0.8
Inter-segment \| Canada
Segment Reporting Information [Line Items]
Net sales	1.8	0.7
Inter-segment \| LATAM
Segment Reporting Information [Line Items]
Net sales	0	0
Operating Segments \| USA
Segment Reporting Information [Line Items]
Net sales	1,871.7	1,310.4
Adjusted EBITDA	209.2	101.8
Operating Segments \| EMEA
Segment Reporting Information [Line Items]
Net sales	562.9	506.7
Adjusted EBITDA	63.8	50.6
Operating Segments \| Canada
Segment Reporting Information [Line Items]
Net sales	295.2	223.4
Adjusted EBITDA	36.7	26.3
Operating Segments \| LATAM
Segment Reporting Information [Line Items]
Net sales	183.8	133.8
Adjusted EBITDA	$ 16.2	$ 15.6

Segments - Segment Income State

Segments - Segment Income Statement Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting [Abstract]
Net income	$ 180.8	$ 66.2
Depreciation	32.9	43.8
Amortization	11.8	13.1
Interest expense, net	21.1	26.6
Income tax expense	64.7	17.6
EBITDA	311.3	167.3
Other operating expenses, net	15.7	44.2
Other income, net	(7.7)	(28.7)
Gain on sale of business	0	(0.6)
Adjusted EBITDA	$ 319.3	$ 182.2