XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.25.4

Unconsolidated Affiliates (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments in Unconsolidated Affiliates | Investments in unconsolidated affiliates are as follows (in millions):
|  |  |  | December 31, 2025 |  |  | December 31, 2024 |
|  | Ownership Percentage (1) |  | Carrying Value |  |  | Excess carrying value of investment over proportionate share of net assets |  |  | Carrying Value |  |  | Excess carrying value of investment over proportionate share of net assets |
Orbit Private Investments L.P. |  | 9.8% |  | $ | 202.9 |  |  | $ | — |  |  | $ | 203.9 |  |  | $ | — |
Broadway Square Partners, LLP |  | 50.0% |  |  | 51.2 |  |  |  | 27.8 |  |  |  | 52.2 |  |  |  | 28.6 |
International Financial Data Services L.P. |  | 50.0% |  |  | 41.4 |  |  |  | 24.6 |  |  |  | 60.2 |  |  |  | 28.0 |
Pershing Road Development Company, LLC |  | 50.0% |  |  | 10.3 |  |  |  | 50.6 |  |  |  | 10.1 |  |  |  | 53.0 |
Other unconsolidated affiliates |  |  |  |  | 1.9 |  |  |  | — |  |  |  | 2.0 |  |  |  | — |
Total |  |  |  | $ | 307.7 |  |  | $ | 103.0 |  |  | $ | 328.4 |  |  | $ | 109.6 |
(1) Ownership percentage is as of December 31, 2025 and December 31, 2024.
Schedule of Equity in Earnings of Unconsolidated Affiliates | Equity in earnings of unconsolidated affiliates is as follows (in millions):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Orbit Private Investments L.P. |  | $ | (10.6 | ) |  | $ | 19.1 |  |  | $ | 96.3 |
Broadway Square Partners, LLP |  |  | (1.0 | ) |  |  | (1.1 | ) |  |  | (0.4 | )
International Financial Data Services L.P. |  |  | 2.5 |  |  |  | 5.2 |  |  |  | 3.8 |
Pershing Road Development Company, LLC |  |  | 0.1 |  |  |  | 0.1 |  |  |  | (0.6 | )
Other unconsolidated affiliates |  |  | (0.3 | ) |  |  | 1.1 |  |  |  | 0.9 |
Total |  | $ | (9.3 | ) |  | $ | 24.4 |  |  | $ | 100.0 |
Schedule of Related Party Transactions and Balances Outstanding With Our Related Parties | The following tables summarize related party transactions and balances outstanding with our related parties, which is primarily comprised of transactions with our unconsolidated affiliates (in millions):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Operating revenues from related parties |  | $ | 66.4 |  |  | $ | 59.2 |  |  | $ | 60.5 |
Amounts paid to related parties (1) |  |  | 38.0 |  |  |  | 48.4 |  |  |  | 46.3 |
Distributions received from related parties, net |  |  | 23.1 |  |  |  | 38.4 |  |  |  | 20.9 |
|  | December 31, |
|  | 2025 |  |  | 2024 |
Outstanding advances/loans to related parties |  | $ | 1.9 |  |  | $ | 1.9 |
Trade accounts receivable from related parties |  |  | 11.1 |  |  |  | 10.0 |
Total amounts receivable from related parties |  | $ | 13.0 |  |  | $ | 11.9 |
Amounts payable to related parties |  | $ | 0.6 |  |  | $ | 2.5 |
(1) Excludes amounts paid to our unconsolidated joint ventures related to loans, advancements and other capital investments.

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfInvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration