LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2026

Long-Term Debt, Unclassified [Abstract]

The following is a summary of our convertible debt instruments as of June 30, 2026:


(in millions)	Principal Amount		Unamortized Debt Issuance Costs		Net Carrying Amount		Fair Value Amount (1)
2027 Notes	$	862.5	$	(3.0)	$	859.5	$	1,044.2
2028 Notes	900.0		(6.8)		893.2		936.0
2029 Notes	862.5		(5.8)		856.7		1,069.2

(1) The fair values are categorized in Level 2 of the fair value hierarchy. See Note 14, Fair Value Measurements, for more information on the levels of the fair value hierarchy.

Schedule of convertible debt interest expense

The following table provides a summary of the interest expense recorded for each of the 2027 Notes, 2028 Notes, and 2029 Notes:


	Three Months Ended June 30				Six Months Ended June 30
(in millions)	2026		2025		2026		2025
2027 Notes
Contractual interest expense	$	9.5	$	9.5	$	18.9	$	18.9
Amortization of debt issuance costs	0.9		0.9		1.7		1.7
Total interest expense – 2027 Notes	10.4		10.4		20.6		20.6

2028 Notes
Contractual interest expense	7.6		1.8		15.2		1.8
Amortization of debt issuance costs	0.9		0.3		1.8		0.3
Total interest expense – 2028 Notes	$	8.5	$	2.1	$	17.0	$	2.1

2029 Notes
Contractual interest expense	9.5		9.5		18.9		18.9
Amortization of debt issuance costs	0.5		0.5		1.0		1.0
Total interest expense – 2029 Notes	$	10.0	$	10.0	$	19.9	$	19.9