Divestiture |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Divestiture | Divestiture In February 2026, the Company signed a definitive agreement to sell its Employee Health and Safety software business in the Company’s Risk & Compliance Software segment to an affiliate of Peak Rock Capital, a private investment firm. The preliminary purchase price is approximately $202 million in cash consideration, subject to customary post-closing adjustments. In connection with the board approval of the sale, the Company reclassified all assets and liabilities of the business as held for sale. The divestiture does not qualify as discontinued operations and therefore, its results are included within continuing operations for all periods presented. As of March 31, 2026, assets and liabilities classified as held for sale included $7 million recorded within other current assets, $16 million recorded within other assets, and $16 million recorded within other current liabilities. The following table summarizes components of assets and liabilities held for sale:
The transaction closed on April 1, 2026, subsequent to the balance sheet date.
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