v3.26.1
Interest and Other Income (Expense), Net (Tables)
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Schedule of components of interest and other income (expense), net

The components of interest and other income (expense), net are as follows (in millions):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Interest income

 

$

11.3

 

 

$

2.7

 

 

$

16.2

 

 

$

5.8

 

Interest expense

 

 

(17.8

)

 

 

(15.7

)

 

 

(30.0

)

 

 

(28.8

)

Impairment of minority investments

 

 

(4.1

)

 

 

—

 

 

 

(4.7

)

 

 

(1.9

)

Exchange gains, net on foreign currency transactions

 

 

3.6

 

 

 

1.4

 

 

 

8.0

 

 

 

5.7

 

Unrealized gain on equity interest investment (a)

 

 

27.6

 

 

 

—

 

 

 

27.6

 

 

 

—

 

Gain on remeasurement of previously held equity interest in Tofwerk

 

 

—

 

 

 

—

 

 

 

12.2

 

 

 

—

 

Other income

 

 

4.0

 

 

 

0.2

 

 

 

7.0

 

 

 

1.1

 

Interest and other income (expense), net

 

$

24.6

 

 

$

(11.4

)

 

$

36.3

 

 

$

(18.1

)
(a)
Refer to Note 4, Minority and Equity-Method Investments, for more information on this unrealized gain on equity interest investment.