v3.26.1
BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2026
BASIS OF PRESENTATION  
Schedule of consolidated statement of cash flows

As of

(In millions)

June 30, 2026

December 31, 2025

Cash and cash equivalents

$

778.4

$

428.5

Restricted cash

41.1

48.8

Total cash and cash equivalents and restricted cash in the statement of cash flows

$

819.5

$

477.3

Schedule of related party transactions

Three Months Ended

Six Months Ended

(In millions)

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Related party advertising revenues

$

10.2

$

6.1

$

15.6

$

11.2

Related party film exhibition costs

8.2

5.8

14.5

9.3

Schedule of change in accumulated other comprehensive income (loss)

Foreign

(In millions)

  ​ ​ ​

Currency

  ​ ​ ​

Pension Benefits

  ​ ​ ​

Total

Balance December 31, 2025

$

(38.3)

$

(3.9)

$

(42.2)

Other comprehensive income (loss)

(31.7)

0.2

(31.5)

Balance June 30, 2026

$

(70.0)

$

(3.7)

$

(73.7)

Schedule of other expense (income)

Three Months Ended

Six Months Ended

(In millions)

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Foreign currency transaction losses (gains)

$

(0.4)

$

(23.9)

$

8.6

$

(36.9)

Governmental assistance - International markets

(0.5)

(10.3)

(0.5)

(10.5)

Net periodic pension cost

0.5

0.3

1.0

0.6

Loss on extinguishment - Senior Secured Exchangeable Notes due 2030

33.0

33.0

Loss on extinguishment - Odeon Senior Secured Notes due 2027

30.1

30.1

Debt modifications - third party fees

0.3

Increase (decrease) in fair value of bifurcated embedded derivative - 6.00%/8.00% Cash/PIK Toggle Senior Secured Exchangeable Notes due 2030

9.8

3.9

2.7

(41.2)

Increase (decrease) in fair value of bifurcated embedded derivative - Senior Secured Exchangeable Notes due 2030

41.3

(11.1)

Equity in earnings of non-consolidated entities

(4.0)

(2.1)

(6.7)

(2.9)

Business interruption insurance recoveries

(0.2)

(0.2)

Total other expense (income)

$

109.6

$

(32.1)

$

57.2

$

(90.9)