COMMITMENTS AND CONTINGENCIES	6 Months Ended
Jun. 30, 2026
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	19. COMMITMENTS AND CONTINGENCIES Operating Leases The Company is a party to non-cancelable operating leases with $82.2 of minimum undiscounted future lease payments and a present value of $66.8. See Note 14 for further details. Letters of Credit and Guarantees The Company may request that its lenders issue letters of credit or letters of guarantee in favor of suppliers, customers and/or tax authorities to payment of certain obligations. As of June 30, 2026, the Company issued such letters totaling $7.5. The Company may, in certain cases, guarantee equipment performance benchmarks. Such guarantees may entail payment of a monetary penalty, or may commit the Company to repurchase the equipment, if the performance benchmarks are not met. In December 2025, the Company entered into an agreement pursuant to which it is committed to spend a minimum of $7.0 on cloud services. The committed spend period is from January 1, 2026, until December 12, 2028. As of June 30, 2026, the Company had $5.8 remaining on this commitment. Future Capital Expenditures As of June 30, 2026, the Company had commitments to make future capital expenditures under non-cancellable contracts of $7.8 due in 2026 and $25.3 due in 2027 and thereafter. Litigation The Company is, from time to time, party to various investigations, disputes and claims arising from normal business activities. The Company accrues for amounts related to legal matters if it is probable that a liability has been incurred and the amount is reasonably estimable. In assessing loss contingencies related to legal matters (including unasserted claims), the Company evaluates the perceived merits of any matters as well as the perceived merits of the amount of relief sought or expected to be sought therein. The Company is unable to estimate the reasonably possible loss, or range of loss, in excess of amounts accrued for such matters. Litigation costs are expensed as incurred. On July 14, 2026, a putative securities class action, City of Warren Police and Fire Retirement System v. GPGI, Inc., et al., No. 1:26-cv-05951, was filed in the United States District Court for the Southern District of New York against the Company, GPGI, and certain officers and directors of GPGI. The complaint alleges that certain public statements were materially false and/or misleading with respect to the valuation of Husky and the anticipated benefits, projected financial results, and strategic rationale of GPGI's acquisition of Husky. The complaint asserts a claim against the Company under Section 20(a) of the Securities Exchange Act of 1934, as amended, alleging that the Company is a control person of GPGI by virtue of the management agreements between the Company and GPGI's subsidiaries; the underlying claims under Section 10(b) of the Securities Exchange Act of 1934, as amended, and SEC Rule 10b-5 promulgated thereunder are asserted against GPGI and the individual defendants. These claims are asserted on behalf of a putative class of all persons and entities that purchased GPGI's Class A common stock between November 3, 2025 and May 6, 2026, inclusive. While the Company believes it has meritorious defenses against the plaintiff's claims, the Company is unable at this time to predict the outcome of this dispute or the amount of any cost associated with its resolution. The Company believes that it has adequately accrued for the potential impact of loss contingencies that are probable and reasonably estimable. The Company does not believe that the ultimate resolution of any such loss contingencies will have a material adverse effect on the Company’s results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2026

19. COMMITMENTS AND CONTINGENCIES

Operating Leases

The Company is a party to non-cancelable operating leases with $82.2 of minimum undiscounted future lease payments and a present value of $66.8. See Note 14 for further details.

Letters of Credit and Guarantees

The Company may request that its lenders issue letters of credit or letters of guarantee in favor of suppliers, customers and/or tax authorities to payment of certain obligations. As of June 30, 2026, the Company issued such letters totaling $7.5.

The Company may, in certain cases, guarantee equipment performance benchmarks. Such guarantees may entail payment of a monetary penalty, or may commit the Company to repurchase the equipment, if the performance benchmarks are not met.

In December 2025, the Company entered into an agreement pursuant to which it is committed to spend a minimum of $7.0 on cloud services. The committed spend period is from January 1, 2026, until December 12, 2028. As of June 30, 2026, the Company had $5.8 remaining on this commitment.

Future Capital Expenditures

As of June 30, 2026, the Company had commitments to make future capital expenditures under non-cancellable contracts of $7.8 due in 2026 and $25.3 due in 2027 and thereafter.

Litigation

The Company is, from time to time, party to various investigations, disputes and claims arising from normal business activities. The Company accrues for amounts related to legal matters if it is probable that a liability has been incurred and the amount is reasonably estimable. In assessing loss contingencies related to legal matters (including unasserted claims), the Company evaluates the perceived merits of any matters as well as the perceived merits of the amount of relief sought or expected to be sought therein. The Company is unable to estimate the reasonably possible loss, or range of loss, in excess of amounts accrued for such matters. Litigation costs are expensed as incurred.

On July 14, 2026, a putative securities class action, City of Warren Police and Fire Retirement System v. GPGI, Inc., et al., No. 1:26-cv-05951, was filed in the United States District Court for the Southern District of New York against the Company, GPGI, and certain officers and directors of GPGI. The complaint alleges that certain public statements were materially false and/or misleading with respect to the valuation of Husky and the anticipated benefits, projected financial results, and strategic rationale of GPGI's acquisition of Husky. The complaint asserts a claim against the Company under Section 20(a) of the Securities Exchange Act of 1934, as amended, alleging that the Company is a control person of GPGI by virtue of the management agreements between the Company and GPGI's subsidiaries; the underlying claims under Section 10(b) of the Securities Exchange Act of 1934, as amended, and SEC Rule 10b-5 promulgated thereunder are asserted against GPGI and the individual defendants. These claims are asserted on behalf of a putative class of all persons and entities that purchased GPGI's Class A common stock between November 3, 2025 and May 6, 2026, inclusive. While the Company believes it has meritorious defenses against the plaintiff's claims, the Company is unable at this time to predict the outcome of this dispute or the amount of any cost associated with its resolution.

The Company believes that it has adequately accrued for the potential impact of loss contingencies that are probable and reasonably estimable. The Company does not believe that the ultimate resolution of any such loss contingencies will have a material adverse effect on the Company’s results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on the Company’s financial condition, results of operations or cash flows.