v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Receivables Lease receivables relating to sales-type lease arrangements are presented on the Condensed Consolidated Balance Sheets as follows (in millions):
As of
June 30, 2026December 31, 2025
Gross lease receivables$367.8 $317.5 
Unearned income(30.4)(14.7)
Subtotal337.4 302.8 
Allowance for credit loss(2.6)(2.6)
Net investment in sales-type leases$334.8 $300.2 
Reported as:
Prepaids and other current assets$101.5 $100.9 
Intangible and other assets, net233.3 199.3 
 Net investment in sales-type leases (1)
$334.8 $300.2 
(1) On March 1, 2026, in connection with the acquisition of a business, the Company acquired a total of $73.4 million of net investments in sales-type leases, of which $18.1 million was included in prepaids and other current assets and $55.3 million was included in intangible and other assets, net. Refer to Note 7 for further information.
Schedule of Contractual Maturities of Gross Lease Receivables
Contractual maturities of gross lease receivables as of June 30, 2026, are as follows (in millions):
Fiscal YearAmount
Remainder of 2026
$47.9 
2027121.3 
202888.5 
202963.3 
203029.8 
2031 and thereafter17.0 
Total$367.8 
Amortized Cost Basis by Year of Origination and Credit Quality Indicator The following table summarizes the amortized cost basis by year of origination and by credit quality for the net investment in sales-type leases as of June 30, 2026 (in millions):
20262025202420232022PriorNet Investment
Credit Rating:
High$29.0 $45.9 $37.7 $15.6 $17.5 $3.5 $149.2 
Moderate25.2 62.9 55.1 18.4 17.5 6.2 185.3 
Low— 0.5 1.3 0.2 0.5 0.4 2.9 
Total$54.2 $109.3 $94.1 $34.2 $35.5 $10.1 $337.4