v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis Below are our assets and liabilities that are measured at fair value:
As of June 30, 2026
As of December 31, 2025
(In millions)
Carrying
Value
Level 1
Level 2
Level 3
Carrying
Value
Level 1
Level 2
Level 3
Recorded at fair value
Marketable securities
Restricted cash - collections
$105.8
$105.8
$
$
$131.3
$131.3
$
$
Restricted cash - reserve
34.3
34.3
34.3
34.3
Total money market funds
$140.1
$140.1
$
$
$165.6
$165.6
$
$
Equity securities
$8.8
$8.8
$
$
$2.4
$2.4
$
$
U.S. Treasury
$20.0
$20.0
$
$
$21.6
$21.6
$
$
Municipal debt
10.5
10.5
10.6
10.6
Corporate debt
27.6
27.6
21.8
21.8
Total debt securities
$58.1
$20.0
$38.1
$
$54.0
$21.6
$32.4
$
Equity Method Investment
PINE.L
$129.5
$129.5
$
$
$177.2
$177.2
$
$
Derivatives
Derivative assets
$0.1
$
$0.1
$
$0.7
$
$0.7
$
Derivative liabilities
0.1
0.1
0.7
0.7
Recorded at historical value
Fixed rate debt 1
4.625% Senior notes due 2027
$400.0
$396.5
$
$
$400.0
$398.0
$
$
3.875% Senior notes due 2029
800.0
763.0
800.0
770.0
5.500% Senior notes due 2030
600.0
592.5
600.0
602.3
4.375% Senior notes due 2031
550.0
519.1
550.0
526.6
Non-recourse notes payable
2,741.4
2,738.1
2,473.9
2,489.0
Real estate mortgages and other debt
694.3
694.3
730.0
703.8
1Excluding unamortized debt issuance costs