v3.26.3
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
shares in Millions, $ in Millions
Total
Share capital
Treasury stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (Accumulated deficit)
Beginning balance (in shares) at Dec. 31, 2024   375.3        
Beginning balance at Dec. 31, 2024 $ (131.1) $ 4.1 $ (603.5) $ 1,362.7 $ (0.2) $ (894.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 30.6         30.6
Cash dividend declared (37.6)         (37.6)
Repurchase of common stock (in shares)   (0.8)        
Repurchase of common stock (4.8) $ (0.1) [1]   (4.8)    
Stock-based compensation 25.8     25.8    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.2        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (0.6)     (0.6)    
Other comprehensive income (loss) 0.5       0.5  
Ending balance (in shares) at Mar. 31, 2025   375.7        
Ending balance at Mar. 31, 2025 (117.2) $ 4.1 (603.5) 1,383.1 0.3 (901.2)
Beginning balance (in shares) at Dec. 31, 2024   375.3        
Beginning balance at Dec. 31, 2024 (131.1) $ 4.1 (603.5) 1,362.7 (0.2) (894.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 102.9          
Other comprehensive income (loss) 19.0          
Ending balance (in shares) at Sep. 30, 2025   376.5        
Ending balance at Sep. 30, 2025 (74.8) $ 4.1 (603.5) 1,409.9 18.8 (904.1)
Beginning balance (in shares) at Mar. 31, 2025   375.7        
Beginning balance at Mar. 31, 2025 (117.2) $ 4.1 (603.5) 1,383.1 0.3 (901.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 33.2         33.2
Cash dividend declared (37.6)         (37.6)
Repurchase of common stock (in shares)   (1.2)        
Repurchase of common stock (6.1) $ (0.1) [1]   (6.1)    
Stock-based compensation 17.7     17.7    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.8        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (1.1)     (1.1)    
Other comprehensive income (loss) 23.3       23.3  
Ending balance (in shares) at Jun. 30, 2025   376.3        
Ending balance at Jun. 30, 2025 (87.8) $ 4.1 (603.5) 1,393.6 23.6 (905.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 39.1         39.1
Cash dividend declared (37.6)         (37.6)
Repurchase of common stock (in shares)   (1.3)        
Repurchase of common stock (5.2) $ (0.1) [1]   (5.2)    
Stock-based compensation 22.1     22.1    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.5        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (0.6)     (0.6)    
Other comprehensive income (loss) (4.8)       (4.8)  
Ending balance (in shares) at Sep. 30, 2025   376.5        
Ending balance at Sep. 30, 2025 $ (74.8) $ 4.1 (603.5) 1,409.9 18.8 (904.1)
Beginning balance (in shares) at Dec. 31, 2025 377.0 377.0        
Beginning balance at Dec. 31, 2025 $ (411.4) $ 4.3 (603.5) 1,423.1 15.9 (1,251.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (57.5)         (57.5)
Stock-based compensation 14.2     14.2    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   3.4        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (1.1)     (1.1)    
Other comprehensive income (loss) (7.3)       (7.3)  
Ending balance (in shares) at Mar. 31, 2026   380.4        
Ending balance at Mar. 31, 2026 $ (463.1) $ 4.3 (603.5) 1,436.2 8.6 (1,308.7)
Beginning balance (in shares) at Dec. 31, 2025 377.0 377.0        
Beginning balance at Dec. 31, 2025 $ (411.4) $ 4.3 (603.5) 1,423.1 15.9 (1,251.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 30.9          
Other comprehensive income (loss) $ (9.4)          
Ending balance (in shares) at Sep. 30, 2026 382.7 382.7        
Ending balance at Sep. 30, 2026 $ (358.3) $ 4.3 (603.5) 1,454.7 6.5 (1,220.3)
Beginning balance (in shares) at Mar. 31, 2026   380.4        
Beginning balance at Mar. 31, 2026 (463.1) $ 4.3 (603.5) 1,436.2 8.6 (1,308.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 48.0         48.0
Stock-based compensation 12.7     12.7    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.0        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (0.1)     (0.1)    
Other comprehensive income (loss) 2.6       2.6  
Ending balance (in shares) at Jun. 30, 2026   381.4        
Ending balance at Jun. 30, 2026 (399.9) $ 4.3 (603.5) 1,448.8 11.2 (1,260.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 40.4         40.4
Stock-based compensation 6.0     6.0    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.3        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (0.1)     (0.1)    
Other comprehensive income (loss) $ (4.7)       (4.7)  
Ending balance (in shares) at Sep. 30, 2026 382.7 382.7        
Ending balance at Sep. 30, 2026 $ (358.3) $ 4.3 $ (603.5) $ 1,454.7 $ 6.5 $ (1,220.3)
[1] Represents an amount less than 0.1 or $0.1