v3.26.1
Contingent Consideration
6 Months Ended
Jun. 30, 2026
Business Combination, Contingent Consideration, Liability [Abstract]  
Contingent Consideration
18.
Contingent Consideration

The following table sets forth the changes in contingent consideration liabilities (in millions):

 

Balance at December 31, 2025

 

$

10.2

 

Current period additions

 

 

 

Current period adjustments

 

 

1.3

 

Current period settlements

 

 

(1.9

)

Foreign currency effect

 

 

(0.2

)

Balance at June 30, 2026

 

$

9.4

 

 

Changes in the fair value of contingent consideration subsequent to acquisition are recognized in Acquisition-related expenses, net included in Other charges, net, in the unaudited condensed consolidated statements of operations. Contingent consideration payments in excess of the acquisition date fair value are included in net cash provided by operating activities, and the original acquisition date values are included in net cash provided by (used in) financing activities in the unaudited condensed consolidated statements of cash flows. The contingent consideration is categorized as Level 3 in the fair value hierarchy and changes in fair value subsequent to acquisition are recognized in earnings. The carrying value and changes in fair value subsequent to acquisition recognized for contingent consideration are not material to the Company’s financial condition or result of operations, therefore additional disclosures regarding the significant unobservable inputs and sensitivity analysis have been omitted.