Segment Information - Reconciliation of Segment Adjusted EBITDA to Net income (loss) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Segment Reporting Information | ||||||
Revenues | $ 621.4 | $ 650.3 | $ 1,215.1 | $ 1,271.5 | ||
People-related costs | (204.0) | (210.7) | (409.7) | (427.0) | ||
Royalties and other product costs | (79.1) | (86.1) | (161.0) | (178.4) | ||
Technology costs | (39.2) | (40.4) | (78.1) | (78.2) | ||
Outside service costs | (17.0) | (18.2) | (34.4) | (36.7) | ||
Other costs | (20.5) | (20.5) | (37.1) | (40.5) | ||
Adjusted EBITDA | 261.6 | 274.4 | 494.8 | 510.7 | ||
Provision (benefit) for income taxes | (12.3) | 6.8 | (31.1) | (8.2) | ||
Depreciation and amortization | (190.9) | (184.4) | (376.3) | (363.8) | ||
Interest expense, net | (66.6) | (71.1) | (130.9) | (141.3) | ||
Royalties and other product costs | (18.5) | (18.9) | (29.6) | (34.3) | ||
Goodwill and intangible asset impairments | 0.0 | (302.8) | 0.0 | (302.8) | ||
Mark to market gain (loss) on financial instruments | 0.0 | 0.0 | 0.0 | 5.2 | ||
Transaction related costs | (8.1) | (3.1) | (14.4) | (7.5) | ||
Other | (27.9) | (4.5) | (54.4) | (27.1) | ||
Net income (loss) | (72.0) | $ (103.9) | (304.3) | $ (75.0) | (175.9) | (379.3) |
Restructuring and other impairments | (9.3) | (0.7) | (34.0) | (10.2) | ||
Academia & Government | ||||||
Segment Reporting Information | ||||||
Revenues | 318.5 | 344.5 | 621.2 | 662.2 | ||
People-related costs | (84.1) | (90.5) | (170.3) | (182.7) | ||
Royalties and other product costs | (50.4) | (59.9) | (105.5) | (120.9) | ||
Technology costs | (20.0) | (21.3) | (39.6) | (41.3) | ||
Outside service costs | (8.8) | (10.1) | (17.9) | (20.6) | ||
Other costs | (10.4) | (10.6) | (19.3) | (21.1) | ||
Adjusted EBITDA | 144.8 | 152.1 | 268.6 | 275.6 | ||
Restructuring and other impairments | (4.3) | 0.2 | (16.6) | (3.7) | ||
Intellectual Property | ||||||
Segment Reporting Information | ||||||
Revenues | 202.5 | 201.6 | 395.2 | 402.5 | ||
People-related costs | (73.7) | (72.0) | (146.4) | (145.3) | ||
Royalties and other product costs | (19.3) | (16.7) | (37.3) | (38.8) | ||
Technology costs | (12.6) | (12.0) | (24.9) | (23.4) | ||
Outside service costs | (5.2) | (5.0) | (10.9) | (9.8) | ||
Other costs | (7.1) | (6.8) | (12.3) | (13.0) | ||
Adjusted EBITDA | 84.6 | 89.1 | 163.4 | 172.2 | ||
Restructuring and other impairments | (1.8) | (0.4) | (8.3) | (3.0) | ||
Life Sciences & Healthcare | ||||||
Segment Reporting Information | ||||||
Revenues | 100.4 | 104.2 | 198.7 | 206.8 | ||
People-related costs | (46.2) | (48.2) | (93.0) | (99.0) | ||
Royalties and other product costs | (9.4) | (9.5) | (18.2) | (18.7) | ||
Technology costs | (6.6) | (7.1) | (13.6) | (13.5) | ||
Outside service costs | (3.0) | (3.1) | (5.6) | (6.3) | ||
Other costs | (3.0) | (3.1) | (5.5) | (6.4) | ||
Adjusted EBITDA | 32.2 | 33.2 | 62.8 | 62.9 | ||
Restructuring and other impairments | $ (3.2) | $ (0.5) | $ (9.1) | $ (3.5) |
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- Definition Adjusted EBITDA No definition available.
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- Definition Other Reconciling Items, EBITDA To Net Income (Loss) Attributable To Parent No definition available.
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- Definition Outside Service Expense No definition available.
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- Definition People-Related Expenses No definition available.
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- Definition Royalty And Other Product Expense No definition available.
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- Definition Technology Expenses No definition available.
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- Definition Amount of expense for award under share-based payment arrangement. Excludes amount capitalized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for acquisition-related cost incurred to effect business combination. Includes, but is not limited to, finder's fee; advisory, legal, accounting, valuation, and other professional and consulting fees; and general administrative cost, including cost of maintaining internal acquisition department. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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