v3.26.1
ACQUISITIONS AND STRATEGIC REALIGNMENT (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Components of Assets and Liabilities Held for Sale
The following table summarizes the components of assets and liabilities held for sale on the condensed consolidated balance sheet as of June 30, 2026 (in millions):
June 30, 2026
Assets held for sale:
Cash and cash equivalents$70.3 
Accounts receivable, net9.0 
Income taxes receivable0.2 
Investments0.2 
Property and equipment, net2.0 
Goodwill(1)
91.6 
Intangible assets, net(2)
75.1 
Operating lease right of use assets5.7 
Other current assets (includes restricted cash of $6.1)
6.9 
Total assets held for sale$261.0 
Liabilities held for sale:
Accounts payable and accrued liabilities$12.1 
Deferred revenue0.8 
Income tax payable1.4 
Other current liabilities0.1 
Deferred income taxes12.4 
Non-current operating lease liabilities4.9 
Total liabilities held for sale$31.7 
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(1)This balance primarily consists of goodwill allocated to the North American Equities and Europe and Asia Pacific segments in the amounts of $60.9 million and $30.7 million, respectively.
(2)This balance primarily consists of intangible assets, net allocated to the North American Equities and Europe and Asia Pacific segments in the amounts of $44.7 million and $30.4 million, respectively.
Restructuring and Related Costs The following table summarizes the pre-tax expenses related to strategic realignment in the condensed consolidated statements of income by segment for the three and six months ended June 30, 2026 and 2025 (in millions):
Three Months Ended June 30,
2026
OptionsNorth American EquitiesEurope and Asia PacificFuturesGlobal FXCorporate Items and EliminationsTotal
Compensation and benefits$14.0 $3.4 $2.0 $1.4 $0.6 $0.3 $21.7 
Technology support services— — 0.1 — — — 0.1 
Professional fees and outside services1.7 0.4 0.2 0.1 0.1 — 2.5 
Other expenses— — (0.7)— — 0.1 (0.6)
Total strategic realignment costs$15.7 $3.8 $1.6 $1.5 $0.7 $0.4 $23.7 
Three Months Ended June 30,
2025
OptionsNorth American EquitiesEurope and Asia PacificFuturesGlobal FXCorporate Items and EliminationsTotal
Compensation and benefits$— $— $— $0.2 $— $— $0.2 
Total strategic realignment costs$— $— $— $0.2 $— $— $0.2 
Six months ended June 30,
2026
OptionsNorth American EquitiesEurope and Asia PacificFuturesGlobal FXCorporate Items and EliminationsTotal
Compensation and benefits$13.9 $3.7 $3.3 $1.4 $0.6 $0.4 $23.3 
Technology support services— — 1.9 — — — 1.9 
Professional fees and outside services1.7 0.4 0.5 0.1 0.1 1.2 4.0 
Other expenses— — (0.6)0.1 — 0.1 (0.4)
Total strategic realignment costs$15.6 $4.1 $5.1 $1.6 $0.7 $1.7 $28.8 
Six months ended June 30,
2025
OptionsNorth American EquitiesEurope and Asia PacificFuturesGlobal FXCorporate Items and EliminationsTotal
Compensation and benefits$— $— $— $0.5 $— $— $0.5 
Total strategic realignment costs$— $— $— $0.5 $— $— $0.5