v3.26.1
PROPERTY, PLANT AND EQUIPMENT, NET (Tables)
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant, and Equipment, Net
The property, plant and equipment at March 31, 2026 and December 31, 2025 were as follows:
(in millions)March 31,
2026
December 31,
2025
Leasehold improvements$80.5 $80.4 
Equipment121.5 121.5 
Property, plant and equipment, gross
202.0 201.9 
Less accumulated depreciation(90.5)(87.9)
Property, plant and equipment, net
$111.5 $114.0 

The Company recorded depreciation during the respective periods as follows:
Three months ended
March 31,
(in millions)20262025
Depreciation expense$4.7 $5.1