v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Unconsolidated affiliates
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Unconsolidated affiliates
Retained Earnings (Deficit)
Accumulated Other Comp (Loss) Earnings
Treasury Stock
Non-controlling Interests
Beginning balance, Common Stock (in shares) at Dec. 31, 2024     94,300,000            
Beginning balance at Dec. 31, 2024 $ 1,815.3   $ 0.0 $ 2,013.3   $ 567.1 $ (19.2) $ (724.7) $ (21.2)
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2024               31,500,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other comprehensive (loss) earnings — unrealized gains and (losses) of investments in unconsolidated affiliates, net of tax (2.3) [1]           (2.3)    
Reclassification adjustments for unrealized gains and losses on unconsolidated affiliates, net of tax, included in net earnings 0.2 [2]           0.2    
Issuance of restricted stock and shares held in trust (in shares)     400,000         300,000  
Stock-based compensation 3.7 $ 4.0   3.7 $ 4.0        
RSU vesting and payment for shares withheld for taxes and in treasury (in shares)               100,000  
RSU vesting and payment for shares withheld for taxes and in treasury (1.6)             $ (1.6)  
Dividends declared (7.6)         (7.6)      
Net loss (115.0)         (113.0)     (2.0)
Ending balance, Common Stock (in shares) at Mar. 31, 2025     94,700,000            
Ending balance at Mar. 31, 2025 1,696.7   $ 0.0 2,021.0   446.5 (21.3) $ (726.3) (23.2)
Ending balance, Treasury Stock (in shares) at Mar. 31, 2025               31,900,000  
Beginning balance, Common Stock (in shares) at Dec. 31, 2024     94,300,000            
Beginning balance at Dec. 31, 2024 1,815.3   $ 0.0 2,013.3   567.1 (19.2) $ (724.7) (21.2)
Beginning balance, Treasury Stock (in shares) at Dec. 31, 2024               31,500,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss $ (536.7)                
Ending balance, Common Stock (in shares) at Dec. 31, 2025 46,703,745   94,900,000            
Ending balance at Dec. 31, 2025 $ 979.1   $ 0.0 2,040.5   11.5 6.5 $ (1,046.5) (32.9)
Ending balance, Treasury Stock (in shares) at Dec. 31, 2025 48,221,655             48,200,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Other comprehensive (loss) earnings — unrealized gains and (losses) of investments in unconsolidated affiliates, net of tax $ (0.5) [1]           (0.5)    
Reclassification adjustments for unrealized gains and losses on unconsolidated affiliates, net of tax, included in net earnings [2] 0.0                
Treasury stock repurchases (in shares)               1,200,000  
Treasury stock repurchases (15.4)             $ (15.4)  
Issuance of restricted stock and shares held in trust (in shares)     400,000         200,000  
Stock-based compensation 2.2 $ 0.8   2.2 $ 0.8        
RSU vesting and payment for shares withheld for taxes and in treasury (in shares)               100,000  
RSU vesting and payment for shares withheld for taxes and in treasury (1.2)             $ (1.2)  
Other activity in non-controlling interests 0.1               0.1
Dividends declared (6.9)         (6.9)      
Net loss $ (35.8)         (32.1)     (3.7)
Ending balance, Common Stock (in shares) at Mar. 31, 2026 45,611,416   95,300,000            
Ending balance at Mar. 31, 2026 $ 922.4   $ 0.0 $ 2,043.5   $ (27.5) $ 6.0 $ (1,063.1) $ (36.5)
Ending balance, Treasury Stock (in shares) at Mar. 31, 2026 49,709,331             49,700,000  
[1] Net of income tax benefit of $0.1 million and $0.6 million for the three months ended March 31, 2026 and 2025, respectively.
[2] Net of income tax expense of $0.1 million for the three months ended March 31, 2025.