v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 1,868.2 $ 1,957.2
Accounts receivable, net 41.8 30.7
Inventories 336.0 322.9
Deferred costs associated with deferred revenue 37.0 40.9
Other current assets 12.4 11.9
Total current assets 2,295.4 2,363.6
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 59.5 29.5
Deposits for financial assurance 32.8 2.7
Intangible assets, net 19.4 21.2
Deferred Tax Assets, Net 19.5 21.9
Other long-term assets 6.6 7.0
Total Assets 2,433.2 2,445.9
Current Liabilities    
Accounts payable and accrued liabilities 49.5 41.6
Accounts payable under purchase agreements 65.7 18.5
Inventories owed to customers and suppliers 170.8 192.7
Contract with Customer, Liability, Current 112.8 131.1
Convertible senior notes (Predecessor) 2.5 38.9
Current debt 0.0 0.0
Total current liabilities 401.3 422.8
Long-term debt 1,176.1 1,174.8
Postretirement health and life benefit obligations 70.4 72.2
Pension benefit liabilities 2.9 3.0
Other long-term liabilities 7.3 8.0
Liabilities 1,658.0 1,680.8
Commitments and contingencies (Note 11)
Stockholders' Deficit    
Preferred stock 0.0 0.0
Excess of capital over par value 762.4 762.3
Accumulated deficit 11.5 1.5
Accumulated other comprehensive income (loss), net of tax (0.7) (0.7)
Stockholders' Equity 775.2 765.1
Total Liabilities and Stockholders’ Equity (Deficit) $ 2,433.2 $ 2,445.9
Common Class A [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 18,952,387 18,945,365
Common stock $ 1.9 $ 1.9
Common Class B [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 719,200 719,200
Common stock $ 0.1 $ 0.1