v3.26.1
Fair value disclosures
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair value disclosures
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24. Fair value disclosures
The Company’s only financial assets and liabilities measured at fair value on a recurring basis are derivative instruments and contingent consideration.
 
In accordance with ASC 820, the Company groups the fair values of its financial assets and liabilities in three levels based on the inputs used to determine fair value. No transfers between levels occurred in the six months ended June 30, 2026 and 2025.
The following tables include (i) financial assets and liabilities measured at fair value on a recurring basis and (ii) financial instruments measured at amortized costs for which fair value disclosures are required under ASC 820:
 
 
  
June 30, 2026
 
(in millions of $)
  
Carrying amount
 
  
Fair value
 
  
Fair value hierarchy
level
 
Assets
         
Derivative instruments
      13.3        13.3        2  
Liabilities
         
Debt
      2,618.7        2,532.0       
2
  
Contingent consideration
      1.0        1.0        3  
Derivative instruments
      37.1        37.1       
2
  
 
 
  
December 31, 2025
 
(in millions of $)
  
Carrying amount
 
  
Fair value
 
  
Fair value hierarchy
level
 
Assets
         
Derivative instruments
      3.8        3.8        2  
Liabilities
         
Debt
      2,658.8        2,699.7       
2
  
Contingent consideration
      2.7        2.7        3  
Derivative instruments
      7.9        7.9       
2
  
Fair value measurements are classified within a three-level hierarchy based on the observability of inputs used in valuation techniques, as follows:
 
  •  
Level 1: Quoted prices in active markets for identic
a
l assets or liabilities.
 
  •  
Level 2: Observable inputs other than quoted prices included within Level 1 that are directly or indirectly observable.
 
  •  
Level 3: Unobservable inputs.
The fair values of contingent consideration as of the reporting dates reconcile as follows:
 
    
Contingent consideration
  
(in millions of $)
   
2026
     
2025
  
Balance as of January 1
      2.7        1.4  
Additions
      —         —   
Adjustments/Payments
      (1.7 )       0.9  
Remeasurement effects
      0.0        0.0  
  
 
 
     
 
 
  
Balance as of June 30
     
1.0
 
  
 
2.3