v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting The following table summarizes reportable segment revenues, expenses, and profit and provides a reconciliation of total
reportable segment Adjusted EBITDA to Income (loss) from continuing operations, net of taxes:
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
2026
2025
Academia & Government
Revenues
$286.9
$332.5
$882.2
$953.7
People-related costs
(78.5)
(84.7)
(247.3)
(255.0)
Royalties and other product costs
(33.9)
(62.7)
(120.3)
(168.2)
Technology costs
(20.9)
(19.4)
(62.4)
(59.0)
Outside service costs
(7.3)
(7.6)
(21.6)
(25.5)
Other costs
(11.7)
(11.8)
(32.9)
(31.1)
A&G Adjusted EBITDA
$134.6
$146.3
$397.7
$414.9
Intellectual Property
Revenues
$194.7
$197.8
$590.2
$593.0
People-related costs
(68.0)
(73.4)
(210.6)
(219.8)
Royalties and other product costs
(16.6)
(17.9)
(50.7)
(55.2)
Technology costs
(12.8)
(13.5)
(38.1)
(38.4)
Outside service costs
(3.7)
(5.1)
(12.2)
(16.0)
Other costs
(6.9)
(6.1)
(20.1)
(18.4)
IP Adjusted EBITDA
$86.7
$81.8
$258.5
$245.2
Total Reportable Segments
Revenues
$481.6
$530.3
$1,472.4
$1,546.7
People-related costs
(146.5)
(158.1)
(457.9)
(474.8)
Royalties and other product costs
(50.5)
(80.6)
(171.0)
(223.4)
Technology costs
(33.7)
(32.9)
(100.5)
(97.4)
Outside service costs
(11.0)
(12.7)
(33.8)
(41.5)
Other costs
(18.6)
(17.9)
(53.0)
(49.5)
Total Reportable Segments Adjusted EBITDA
$221.3
$228.1
$656.2
$660.1
Unallocated corporate costs(1)
(3.1)
(5.9)
(10.6)
(14.4)
Benefit (provision) for income taxes
(5.5)
(2.3)
(23.4)
(29.0)
Depreciation and amortization
(162.3)
(168.6)
(484.7)
(499.2)
Interest expense, net
(61.0)
(68.5)
(180.4)
(199.4)
Share-based compensation expense
(7.7)
(13.1)
(32.3)
(37.1)
Restructuring costs
(4.5)
(7.9)
(24.9)
(34.3)
Transaction related costs
0.2
(3.0)
(17.5)
(17.3)
Other(2)
(3.8)
16.3
(4.7)
(42.7)
Income (loss) from continuing operations, net of taxes
$(26.4)
$(24.9)
$(122.3)
$(213.3)
(1)Represents corporate costs historically allocated to the LS&H segment that did not convey with the LS&H sale described in Note 2 - Assets Held for
Sale and Discontinued Operations.
(2)Includes the net impact of foreign exchange gains and losses related to the remeasurement of balances, the impact of initiatives to reduce our cost
structure related to the LS&H divestiture, and other items that do not reflect our ongoing operating performance.