v3.26.3
Segment Information - Reconciliation of Segment Adjusted EBITDA to Net income (loss) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Jun. 30, 2026
Mar. 31, 2026
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting                
Revenues $ 481.6     $ 530.3     $ 1,472.4 $ 1,546.7
Unallocated corporate costs (3.1)     (5.9)     (10.6) (14.4)
Provision (benefit) 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 (3.8)     16.3     (4.7) (42.7)
Net income (loss) (80.8) $ (268.6) $ (40.2) (28.3) $ (72.0) $ (103.9) (389.6) (204.2)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent (26.4)     (24.9)     (122.3) (213.3)
Operating Segments                
Segment Reporting                
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)
Adjusted EBITDA 221.3     228.1     656.2 660.1
Academia & Government | Operating Segments                
Segment Reporting                
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)
Adjusted EBITDA 134.6     146.3     397.7 414.9
Intellectual Property                
Segment Reporting                
Restructuring costs (1.9)     (4.4)     (13.4) (12.7)
Intellectual Property | Operating Segments                
Segment Reporting                
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)
Adjusted EBITDA $ 86.7     $ 81.8     $ 258.5 $ 245.2