v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 1,868.5 $ 1,957.2
Accounts receivable, net 25.6 30.7
Inventories 377.1 322.9
Deferred costs associated with deferred revenue 33.2 40.9
Other current assets 12.7 11.9
Total current assets 2,317.1 2,363.6
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 142.5 29.5
Deposits for financial assurance 33.2 2.7
Intangible assets, net 16.9 21.2
Deferred Tax Assets, Net 15.0 21.9
Other long-term assets 6.3 7.0
Total Assets 2,531.0 2,445.9
Current Liabilities    
Accounts payable and accrued liabilities 74.0 41.6
Accounts payable under purchase agreements 34.8 18.5
Inventories owed to customers and suppliers 235.7 192.7
Contract with Customer, Liability, Current 85.0 131.1
Convertible senior notes (Predecessor) 0.0 38.9
Current debt 0.0 0.0
Total current liabilities 429.5 422.8
Long-term debt 1,177.5 1,174.8
Postretirement health and life benefit obligations 68.8 72.2
Pension benefit liabilities 2.9 3.0
Other long-term liabilities 6.9 8.0
Liabilities 1,685.6 1,680.8
Commitments and contingencies (Note 11)
Stockholders' Deficit    
Preferred stock 0.0 0.0
Excess of capital over par value 815.9 762.3
Accumulated deficit 28.3 1.5
Accumulated other comprehensive income (loss), net of tax (0.8) (0.7)
Stockholders' Equity 845.4 765.1
Total Liabilities and Stockholders’ Equity (Deficit) $ 2,531.0 $ 2,445.9
Common Class A [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 19,233,658 18,945,365
Common stock $ 1.9 $ 1.9
Common Class B [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 719,200 719,200
Common stock $ 0.1 $ 0.1