v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities
The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2026:
Fair Value Measurement at Reporting Date Using
(in millions)Level 1Level 2Level 3Total
Assets:
Cash equivalents$24.0 $— $— $24.0 
Liabilities:
Contingent consideration— — 15.0 15.0 
Roll-Forward of Fair Value of Recurring Level 3 Fair Value Measurements
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements in the three months ended June 30, 2026 and 2025:
(in millions)20262025
Contingent consideration liability, at April 1$14.8 $12.3 
Settlements of contingent consideration liabilities— (4.4)
Foreign currency translation— 0.2 
Total expense included in earnings (a)
0.2 — 
Contingent consideration liability, at June 30$15.0 $8.1 
(a)    Changes in the fair value of contingent consideration liabilities are included as a component of Acquisition and integration-related expenses, net on the Condensed Consolidated Statements of Operations.
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements in the six months ended June 30, 2026 and 2025:
(in millions)20262025
Contingent consideration liability, at January 1$29.6 $4.8 
Acquisitions, including measurement period adjustments— 7.5 
Settlements of contingent consideration liabilities(15.0)(4.4)
Foreign currency translation— 0.2 
Total expense included in earnings (a)
0.4 — 
Contingent consideration liability, at June 30$15.0 $8.1 
(a)    Changes in the fair value of contingent consideration liabilities are included as a component of Acquisition and integration-related expenses, net on the Condensed Consolidated Statements of Operations.