Subsequent Events |
6 Months Ended |
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Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 10. Subsequent Events The Separation On July 1, 2026, S&P Global completed the Separation of Mobility Global by means of a tax-free, pro-rata distribution of 100% of common stock of Mobility Global to S&P Global’s existing shareholders as of June 15, 2026 (the “Distribution”), and the transfer of certain assets and liabilities of the Spin Business to Mobility Global. On July 1, 2026, S&P Global distributed one share of Mobility Global common stock for every share of S&P Global common stock held as of the close of business on June 15, 2026, the record date for the Distribution. On July 1, 2026, Mobility Global became an independent, publicly traded company under the stock symbol “MBGL” on the New York Stock Exchange. S&P Global retained no ownership interest in Mobility Global. As of the date of Separation, the primary source of cash on hand was generated by operations and net proceeds from the issuance of the Senior Notes, after payment of a $2.0 billion dividend to S&P Global as consideration for the transfer of certain assets, liabilities and entities to Mobility Global in connection with the Separation. See Note 4 — Debt for further discussion. Mobility Global and S&P Global entered a Separation and Distribution Agreement and several other agreements to effect the Separation and provide a framework for Mobility Global’s relationship with S&P Global after the Separation. These agreements provide for the allocation between Mobility Global and S&P Global of the assets, liabilities and obligations of S&P Global and its subsidiaries, and will govern the relationship between Mobility Global and S&P Global after the Separation. In addition to the Separation and Distribution Agreement, the other agreements that were entered into with S&P Global include the Tax Matters Agreement, Transition Services Agreement, Employee Matters Agreement, and other commercial arrangements. Following the Separation, the Company expects to rely on S&P Global for certain transitional services under the Transition Services Agreement, including for information technology, finance, and human resources. Costs associated with these services will be incurred on a different basis than historical allocations, and are expected to decline as processes are transitioned to Mobility Global. In addition, the Company expects to incur incremental stand-alone public company and corporate costs. As a result, historical results are not necessarily indicative of future operating results. The Company adopted the 2026 Long Term Incentive Plan (the “Stock Plan”). Outstanding S&P Global equity awards held by individuals employed by or providing services to Mobility Global, or whose employment transferred to Mobility Global in connection with and prior to the Separation, were converted into Mobility Global equity awards under the Stock Plan in a manner that preserved intrinsic value based on the relative value of S&P Global common stock before the Distribution and Mobility Global’s common stock after the Distribution. The terms of the converted equity awards, including the grant period and vesting schedule, generally remained unchanged. Dividend In August 2026, the Company’s Board of Directors declared a quarterly dividend of $0.06 per share of common stock to common stockholders of record at the close of business on August 27, 2026, payable on September 10, 2026.
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