v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Carrying Value of Debt
The carrying value of the Company’s debt as of March 31, 2026 and December 31, 2025 was as follows (in millions):
March 31,
2026		December 31,
2025
2026 Notes
$203.9 $203.7 
2030 Notes
1,085.0 1,084.2 
2031 Notes
962.8 962.4 
GIB credit facility
503.5 468.0 
Total debt
2,755.2 2,718.3 
Current portion of debt
(707.4)(671.7)
Debt, net of current portion
$2,047.8 $2,046.6 
Schedule of Convertible Notes and Components of Interest Expense The following table sets forth a summary of the 2026 Notes, the 2030 Notes, and the 2031 Notes as of March 31, 2026 and December 31, 2025 (in millions):
March 31, 2026
Principal Amount
Unamortized Debt Discounts and Issuance Costs
Net Carrying Amount
Fair Value
2026 Notes
$204.3 $(0.4)$203.9 $192.3 
2030 Notes
1,100.0 (15.0)1,085.0599.5 
2031 Notes
975.0 (12.2)962.8 684.8 
Total convertible senior notes
$2,279.3 $(27.6)$2,251.7 $1,476.6 
December 31, 2025
Principal Amount
Unamortized Debt Discounts and Issuance Costs
Net Carrying Amount
Fair Value
2026 Notes
$204.3 $(0.6)$203.7 $189.7 
2030 Notes1,100.0 (15.8)1,084.2 655.9 
2031 Notes975.0 (12.6)962.4775.1 
Total convertible senior notes
$2,279.3 $(29.0)$2,250.3 $1,620.7 
The components of interest expense related to the 2026 Notes, the 2030 Notes, and the 2031 Notes were as follows (in millions):
Three Months Ended March 31,
20262025
Contractual interest$31.5 $6.3 
Amortization of debt discounts and debt issuance costs1.4 1.3 
Interest expense$32.9 $7.6