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DISCONTINUED OPERATIONS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations |
Proceeds received at closing | $ | 137.7 |  |  |  |  |  |  |
Net assets at closing | (84.1) |  |  |  |  |  |  |
Total gain on sale included in Other operating expenses (1) | $ | 53.6 |  |  |  |  |  |  |
_______________ (1)Excludes an estimated $20.8 million of taxes payable.
Proceeds received at closing | $ | 2,158.8 |  |  |  |  |  |  |
Net assets at closing | (2,257.6) |  |  |  |  |  |  |
Loss on sale | $ | (98.8) |  |  |  |  |  |  |
Deal costs | (20.5) |  |  |  |  |  |  |
Contingent liability for tax indemnification | (53.9) |  |  |  |  |  |  |
Reclassification of cumulative translation adjustment | (1,072.3) |  |  |  |  |  |  |
Total loss on sale included in loss from discontinued operations, net of taxes | $ | (1,245.5) |  |  |  |  |  |  |
The following table presents key components of Income from discontinued operations, net of taxes in the consolidated statements of operations:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Revenue | $ | — |  |  | $ | 321.5 |  |  |  |  |
Cost of operations | — |  |  | (169.4) |  |  |  |  |
Depreciation, amortization and accretion | — |  |  | (40.6) |  |  |  |  |
Selling, general, administrative and development expense | — |  |  | (12.7) |  |  |  |  |
Other operating expense | — |  |  | (3.2) |  |  |  |  |
Operating income | — |  |  | 95.6 |  |  |  |  |
Interest income | — |  |  | 17.0 |  |  |  |  |
Interest expense | — |  |  | (2.9) |  |  |  |  |
Other expense, net | — |  |  | (0.1) |  |  |  |  |
Income from discontinued operations before taxes | $ | — |  |  | $ | 109.6 |  |  |  |  |
Income tax provision | — |  |  | (17.9) |  |  |  |  |
Income from discontinued operations, net of taxes | $ | — |  |  | $ | 91.7 |  |  |  |  |
The following table presents key cash flow and non-cash information related to discontinued operations.
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |
Capital expenditures | — |  |  | (26.2) |  |  |
Significant non-cash items: |  |  |  |  |
Depreciation, amortization and accretion | — |  |  | 40.6 |  |  |
Stock-based compensation expense | — |  |  | 2.1 |  |  |
Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | — |  |  | (1.6) |  |  |
Loss (gain) on investments, unrealized foreign currency loss (gain) and other non-cash expense | — |  |  | 0.5 |  |  |

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