FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table summarizes the fair value of the Company’s long-term debt for disclosure purposes (in millions):


	June 30, 2026
	Face Value		Fair Value		Fair Value Hierarchy
Term Loan	$	1,800.3	$	1,741.8	Level 2
Senior Notes	600.0		532.5		Level 2
Total debt	$	2,400.3	$	2,274.3


	December 31, 2025
	Face Value		Fair Value		Fair Value Hierarchy
Term Loan	$	1,809.8	$	1,746.5	Level 2
Senior Notes	600.0		539.3		Level 2
Total debt	$	2,409.8	$	2,285.8

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table sets forth the assets and liabilities measured at fair value on a recurring basis in the Company’s consolidated balance sheets at June 30, 2026 and December 31, 2025 (in millions):


	Fair Value at
	Fair Value Hierarchy	June 30, 2026		December 31, 2025
Cash equivalents
Money market funds	Level 1	$	147.3	$	291.3
Term deposits	Level 2	89.9		198.5
Commercial papers	Level 2	59.8		39.8

Short-term investments
Term deposits	Level 1	$	—	$	71.8
Commercial papers	Level 2	—		64.2

Prepaid expenses and other current assets

Derivative instruments - interest rate swaps	Level 2	$	3.2	$	4.9
Derivative instruments - foreign exchange contracts	Level 2	9.3		12.9


Other non-current assets
Derivative instruments - interest rate swaps	Level 2	$	1.8	$	—


Accrued expenses and other current liabilities
Derivative instruments - interest rate swaps	Level 2	$	—	$	0.6
Derivative instruments - foreign exchange contracts	Level 2	3.6		*

Other long-term liabilities, including employee related benefits
Derivative instruments - interest rate swaps	Level 2	$	—	$	1.5

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* Represents an amount less than $0.1

Schedule of Fair Value of Contingent Consideration Payable

The change in fair value of contingent consideration payable was valued using significant unobservable inputs (Level 3), was included in the general and administrative expenses in the Company’s consolidated statements of comprehensive income and consisted of the following (in millions):


Balance as of January 1, 2026	$	734.0
Contingent consideration payment	(461.0)
Fair value adjustments based upon post-acquisition performance and passage of time	97.0
Balance as of June 30, 2026 (1)	$	370.0

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(1) Amount comprised of $370.0 million for SuperPlay acquisition.