v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Right-of-use Assets and Liabilities Right-of-use lease assets and lease liabilities consisted of the following (in millions):
Balance Sheet LocationJune 30,
2026
December 31, 2025
Right-of-use assets:
Operating lease
Other assets (non-current)$64.0 $35.4 
Finance lease
Property, plant and equipment, net0.1 0.1 
Total right-of-use assets$64.1 $35.5 
Lease liabilities:
Current portion of operating lease
Other current liabilities$10.5 $8.7 
Non-current portion of operating lease
Other liabilities55.8 28.3 
Finance lease
Debt obligations
0.1 0.1 
Total lease liabilities$66.4 $37.1 
Schedule of Components of Lease Expense The following table summarizes the components of lease expense (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Finance lease cost:
Amortization of right-of-use assets$0.1 $0.1 $0.1 $0.2 
Net finance lease cost0.1 0.1 0.1 0.2 
Operating lease cost5.4 4.6 9.7 8.8 
Variable lease cost0.1 0.1 0.3 0.3 
Total non-current lease cost
$5.6 $4.8 10.1 9.3 
Short-term lease costs8.6 7.5 14.6 15.5 
Total lease cost
$14.2 $12.3 $24.7 $24.8 
Cash flow information related to leases is as follows (in millions):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases (1)
$4.1 $4.7 $9.4 $9.9 
Financing cash flows for finance leases
$0.1 $0.1 $0.1 $0.2 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases$4.3 $2.6 $38.9 $5.1 
Finance leases$— $0.1 $— $0.1 
(1) The above amounts exclude $4.0 million received during the three and six months ended June 30, 2025.
The weighted-average remaining lease terms and the weighted-average discount rates for the Company's leases were as follows:

June 30,
2026
December 31, 2025
Weighted-average remaining lease term (years) - operating leases8.37.0
Weighted-average remaining lease term (years) - finance leases2.22.1
Weighted-average discount rate - operating leases5.8 %5.3 %
Weighted-average discount rate - finance leases5.2 %5.0 %
Schedule of Operating Lease, Liability, Maturity
Future minimum lease commitments (undiscounted) as of June 30, 2026, were as follows (in millions):

Operating
Leases
Finance
Leases
2026 (remaining period)$5.9 $0.1 
202713.9 — 
202811.1 — 
20298.4 — 
20307.2 — 
Thereafter37.8 — 
Total future minimum lease payments84.3 0.1 
Less: amounts representing interest(18.0)— 
Total lease liability
$66.3 $0.1 
Schedule of Finance Lease, Liability, Maturity
Future minimum lease commitments (undiscounted) as of June 30, 2026, were as follows (in millions):

Operating
Leases
Finance
Leases
2026 (remaining period)$5.9 $0.1 
202713.9 — 
202811.1 — 
20298.4 — 
20307.2 — 
Thereafter37.8 — 
Total future minimum lease payments84.3 0.1 
Less: amounts representing interest(18.0)— 
Total lease liability
$66.3 $0.1