v3.25.2
Borrowings - Credit Agreement (Details)
1 Months Ended 6 Months Ended
Feb. 19, 2025
USD ($)
Jun. 21, 2024
USD ($)
Dec. 12, 2023
USD ($)
Jan. 13, 2023
USD ($)
Dec. 31, 2023
USD ($)
swap
Jan. 31, 2020
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swap
Oct. 31, 2019
USD ($)
Jun. 30, 2025
USD ($)
Jan. 31, 2025
Dec. 31, 2024
USD ($)
Sep. 30, 2024
Jun. 30, 2024
USD ($)
Jan. 31, 2022
Jan. 13, 2022
USD ($)
Apr. 30, 2021
Debt Instrument [Line Items]                              
Commitment fee (as a percent)               0.50%              
Fixed interest rate percentage (as a percent)                     4.30%        
Receivables from broker-dealers and clearing organizations               $ 1,335,968,000   $ 1,100,850,000          
Total principal of long-term borrowings               1,769,300,000   1,767,265,000          
Interest Rate Swap                              
Debt Instrument [Line Items]                              
Derivative contract term         2 years   5 years                
Derivative, notional amount         $ 1,525,000,000   $ 525,000,000         $ 1,075,000,000      
Fixed interest rate percentage (as a percent)                         4.50%   4.50%
January 2020 Interest Rate Swap                              
Debt Instrument [Line Items]                              
Derivative contract term           5 years                  
Derivative, notional amount           $ 1,000,000,000                  
Number of interest rate swaps | swap           2                  
Fixed interest rate percentage (as a percent)                 4.40%       4.60%   4.60%
December 2023 Interest Rate Swap                              
Debt Instrument [Line Items]                              
Derivative contract term         2 years                    
Derivative, notional amount         $ 1,525,000,000                    
Number of interest rate swaps | swap         2                    
Fixed interest rate percentage (as a percent)         7.50%                    
Receivables from broker-dealers and clearing organizations         $ 55,800,000                    
June 2024 Interest Rate Swap                              
Debt Instrument [Line Items]                              
Derivative, notional amount         1,525,000,000     1,075,000,000              
Receivables from broker-dealers and clearing organizations         2,000,000                    
Reclassification from AOCI to other income   $ 5,700,000                          
Committed facility                              
Debt Instrument [Line Items]                              
Total principal of long-term borrowings               $ 75,000,000   $ 0          
Committed facility | Scenario 1                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               1.00%              
Committed facility | Scenario 2                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               1.50%              
Committed facility | SOFR                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               2.50%              
Committed facility | SOFR | Scenario 2                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               0.00%              
Committed facility | VFH                              
Debt Instrument [Line Items]                              
Maximum borrowing capacity                           $ 250,000,000  
Letter of credit | VFH                              
Debt Instrument [Line Items]                              
Maximum borrowing capacity                           20,000,000  
Swingline subfacility | VFH                              
Debt Instrument [Line Items]                              
Maximum borrowing capacity                           20,000,000  
Amended Credit Agreement | Overnight Bank Funding Rate                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               0.50%              
Amended Credit Agreement | SOFR                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               1.00%              
Senior Secured Second Lien Notes | Scenario 1                              
Debt Instrument [Line Items]                              
Commitment fee stepdown (as a percent)               0.375%              
Senior Secured Second Lien Notes | Scenario 2                              
Debt Instrument [Line Items]                              
Commitment fee stepdown (as a percent)               0.25%              
First Lien Term Loan                              
Debt Instrument [Line Items]                              
Debt amortization, percentage of original aggregate principal amount               1.00%              
Repayments of term loan     $ 55,000,000 $ 18,000,000                      
First Lien Term Loan Facility                              
Debt Instrument [Line Items]                              
Short-term debt               $ 0              
First Lien Term Loan                              
Debt Instrument [Line Items]                              
Face amount                           $ 1,800,000,000  
First Lien Term Loan | First Lien Notes Due 2031                              
Debt Instrument [Line Items]                              
Face amount   500,000,000.0                          
Term Loan | Interest Rate Swap                              
Debt Instrument [Line Items]                              
Total principal of long-term borrowings               $ 1,245,000,000              
Term Loan | June 2024 Interest Rate Swap                              
Debt Instrument [Line Items]                              
Fixed interest rate percentage (as a percent)               7.17%              
Term Loan | Scenario 1                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               1.50%              
Term Loan | Scenario 2                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               2.00%              
Term Loan | SOFR                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               3.00%              
Term Loan | SOFR | Scenario 1                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)               0.50%              
Term Loan | VFH | Interest Rate Swap                              
Debt Instrument [Line Items]                              
Face amount         $ 1,525,000,000   $ 525,000,000 $ 1,075,000,000              
Fixed interest rate percentage (as a percent)               6.92%              
Term Loan | VFH | January 2020 Interest Rate Swap | Interest Rate Swap                              
Debt Instrument [Line Items]                              
Face amount           $ 1,000,000,000                  
Line of credit | First Lien Notes Due 2031                              
Debt Instrument [Line Items]                              
Face amount   $ 1,245,000,000                          
Debt instrument, term   3 years                          
Line of credit | First Lien Notes Due 2031 | Minimum                              
Debt Instrument [Line Items]                              
Total principal of long-term borrowings   $ 250,000,000.0                          
Line of credit | First Lien Notes Due 2031 | Maximum                              
Debt Instrument [Line Items]                              
Total principal of long-term borrowings   $ 300,000,000.0                          
Line of credit | New Term Loans                              
Debt Instrument [Line Items]                              
Face amount $ 1,245,000,000                            
Line of credit | Component one | New Term Loans                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent) 1.50%                            
Line of credit | Component two | New Term Loans                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent) 2.50%                            
Line of credit | First Lien Term Loan | Component one | First Lien Notes Due 2031                              
Debt Instrument [Line Items]                              
Debt instrument, additional basis spread on variable rate (as a percent)   1.75%                          
Line of credit | First Lien Term Loan | Component one | New Term Loans                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent)   1.00%                          
Line of credit | Line of credit | New Term Loans                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent) 0.50% 0.50%                          
Percentage of periodic payment (as a percent) 1.00% 1.00%                          
Line of credit | Senior Secured Credit Facility | New Term Loans                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent) 1.00% 1.00%                          
Line of credit | Senior Secured Credit Facility | Component one | New Term Loans                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent) 1.00%                            
Line of credit | Secured debt | Component two | New Term Loans                              
Debt Instrument [Line Items]                              
Interest rate margin (as a percent) 0.00% 0.00%                          
Line of credit | Secured debt | SOFR | Component two | First Lien Notes Due 2031                              
Debt Instrument [Line Items]                              
Debt instrument, additional basis spread on variable rate (as a percent)   2.75%