v3.26.3
Income Taxes (Tables)
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table shows our effective tax rate for the three and nine months ended September 30, 2026 and September 30, 2025:

Three months ended September 30,Nine months ended September 30,
(in millions)2026202520262025
Income before income taxes and equity in investments of unconsolidated entities$152.4 $123.1 $441.2 $348.1 
Equity in investments of unconsolidated entities1.5 (0.1)0.5 (3.9)
Income before income taxes$153.9 $123.0 $441.7 $344.2 
Income tax expense$38.4 $31.4 $111.3 $85.1 
Effective tax rate25.0 %25.5 %25.2 %24.7 %
Schedule of Gross Unrecognized Tax Benefits
(in millions)As of September 30, 2026As of December 31, 2025
Gross unrecognized tax benefits$14.0 $12.3 
Gross unrecognized tax benefits that would affect income tax expense$14.0 $12.3 
Decrease in income tax expense upon recognition of gross unrecognized tax benefits$13.6 $11.9 
Schedule of Liabilities for Unrecognized Tax Benefits
As of September 30, 2026, our Unaudited Consolidated Balance Sheet included a liability of $15.4 million for unrecognized tax benefits. As of December 31, 2025, our Consolidated Balance Sheet included a liability of $13.1 million for unrecognized tax benefits. These amounts include interest and penalties, less any associated tax benefits.