Debt, Interest Income, Expense, and Other Finance Costs (Tables)

3 Months Ended

Mar. 31, 2026

Our outstanding debt consists of the following (in millions):


	March 31, 2026		December 31, 2025
Credit Facility (1)	$	105.0	$	—
Term loan (1)	344.4		346.5
Convertible Notes (2)	344.0		343.4
Finance leases	2.7		4.4
Other	2.8		2.8
Total debt	798.8		697.1
Less: Current maturities of long-term debt and finance leases	9.1		11.9
Long-term debt	$	789.6	$	685.2

(1)The Fourth Amended and Restated Credit Agreement (as amended, the “Credit Agreement”) matures in November 2030 and provides for a term loan as well as a revolving credit facility of up to $1.65 billion (the "Credit Facility").

(2)Our 3.250% Convertible Senior Notes due 2028 (the "Convertible Notes") were issued in June 2023 and mature on July 1, 2028, unless earlier converted, redeemed or repurchased. As of March 31, 2026 and December 31, 2025, the net carrying amount of the Convertible Notes includes the aggregate principal amount of $350.0 million, net of unamortized debt issuance costs of $6.0 million and $6.6 million, respectively. As of March 31, 2026 and December 31, 2025, the fair value of the Convertible Notes was estimated to be approximately $368.4 million and $378.3 million, respectively, using the Level 2 observable input of quoted market prices in an inactive market.

Schedule of Interest Expense and Other Financing Costs, Net

The following table provides additional information about our Interest expense and other financing costs, net (in millions):


	For the Three Months Ended March 31,
	2026		2025
Interest expense and other financing costs	$	(27.6)	$	(26.6)
Interest income	1.3		3.7
Interest expense and other financing costs, net	$	(26.3)	$	(22.9)