Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Fair Values of Financial Assets and Liabilities

The fair values of financial assets and liabilities that are recorded at fair value in the Condensed Consolidated Balance Sheets and not described above were as follows (in millions):


	As of June 30, 2026								As of December 31, 2025
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Financial assets:
Money market funds	$	312.3	$	312.3	$	—	$	—	$	278.8	$	278.8	$	—	$	—
Derivative financial instruments	8.2		—		8.2		—		2.9		—		2.9		—
Total financial assets	$	320.5	$	312.3	$	8.2	$	—	$	281.7	$	278.8	$	2.9	$	—
Financial liabilities:
Contingent consideration	$	1.9	$	—	$	—	$	1.9	$	—	$	—	$	—	$	—

Schedule of Change in Fair Value of Contingent Consideration

The change in fair value of the contingent consideration (a Level 3 input) was as follows (in millions):


Contingent consideration liability - January 1, 2026	$	—
Preliminary purchase price	2.3
Fair value adjustments	(0.5)
Accretion in value	0.1



Contingent consideration liability - June 30, 2026	$	1.9

Schedule of Carrying Values and Associated Fair Values of Financial Assets and Liabilities

The Senior Notes represent a Level 2 fair value measurement and are as follows (in millions):


	As of June 30, 2026				As of December 31, 2025
	Carrying Value		Fair Value		Carrying Value		Fair Value

2028 Senior Notes(1)	$	—	$	—	$	300.0	$	300.4
2034 Senior Notes(1)	500.0		492.8		—		—

(1)Excludes the impact of unamortized debt issuance costs.