v3.26.1
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Asset, Finite-Lived
Our identifiable intangible assets consist of the following:
(in millions)GrossAccumulated AmortizationImpairmentNet
As of June 30, 2026:
Permits and leasehold agreements$1,552.6 $(1,009.0)$— $543.6 
Franchise agreements(a)
869.6 (333.3)(485.8)50.5 
Other intangible assets18.1 (13.7)— 4.4 
Total intangible assets$2,440.3 $(1,356.0)$(485.8)$598.5 
As of December 31, 2025:
Permits and leasehold agreements$1,538.1 $(983.8)$— $554.3 
Franchise agreements(a)
909.0 (371.7)(485.8)51.5 
Other intangible assets18.2 (12.0)— 6.2 
Total intangible assets$2,465.3 $(1,367.5)$(485.8)$612.0 
(a)We reclassified all Prepaid MTA equipment deployment costs and recorded impairments in the first and second quarters of 2024, due to the long-term outlook of our Transit reporting unit.