v3.26.3
Schedule of Consideration for La Regina Acquisition (Details) - La Regina Acquisition
$ in Millions
May 04, 2026
USD ($)
Business Combination [Line Items]  
Business Combination, Consideration Transferred, Cash Consideration paid to La Regina Shareholders $ 146 [1]
Business Combination Deferred Consideration Fair Value at Acquisition Date 133 [2]
Business Combination, Contingent Consideration at Fair Value at Acquisition Date 20 [3]
Business Combination, Consideration Transferred $ 299
[1] Represents the first tranche of consideration paid to La Regina shareholders at the closing date.
[2] Represents the estimated closing date fair value of the second tranche of consideration payable to La Regina shareholders on May 4, 2027, which is reflected as a liability measured at fair value in the Consolidated Balance Sheet. Fair value was determined based on the present value of the obligation using an appropriate discount rate. The obligation will be accreted to the amount payable with changes recognized in Interest expense.
[3] Represents the estimated closing date fair value of the payment to the La Regina SPA shareholders contingent upon the amount received by La Regina for grants, which is reflected as a contingent consideration liability at fair value in the Consolidated Balance Sheet. Fair value of the obligation and grant receivable was determined using a probability-weighted discounted cash flow analysis, based on the estimated timing of cash flows, probability of the amount of the grants received and using an appropriate discount rate. Changes in fair value will be recognized in earnings.