ACQUISITIONS AND DIVESTITURES |
3 Months Ended |
|---|---|
Jun. 30, 2026 | |
| ACQUISITIONS AND DIVESTITURES | |
| ACQUISITIONS AND DIVESTITURES | NOTE 8. ACQUISITIONS AND DIVESTITURES Proposed Acquisition of Solvinity In November 2025, the Company entered into an agreement to acquire all outstanding equity interests of Solvinity Group B.V. (“Solvinity”), a provider of managed cloud platforms and services in the Netherlands, for cash consideration of approximately €100 million. As previously disclosed, the transaction was subject to customary closing conditions, including regulatory approval. On May 25, 2026, the State Secretary for Economic Affairs and Climate Policy in the Netherlands issued a decision prohibiting the transaction pursuant to relevant legislation. Solvinity and its controlling shareholders are exploring remedies, including contesting the government’s decision and potentially seeking recovery from the Company. Costs associated with this pending acquisition were immaterial. Other Disposal Activity In April 2026, the Company entered into a definitive agreement to sell a wholly-owned digital solutions subsidiary within the Company's Principal Markets segment. During the three months ended June 30, 2026, the Company completed the sale of the business. In connection with the sale, the Company recognized a $40 million pretax gain, which was recorded within on the Consolidated Income Statement. This disposition is not accounted for as discontinued operations as it does not meet the relevant criteria. The carrying value of the net assets sold was not material. |