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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 30, 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 377.9 million ZAR (approximately $20.8 million at the date of closing) of taxes, of which 131.5 million ZAR (approximately $7.6 million) remains payable as of September 30, 2025.
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 Loss from discontinued operations, net of taxes in the consolidated statements of operations:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 (1) |  | 2025 |  | 2024 (1)
Revenue | $ | — |  |  | $ | 234.1 |  |  | $ | — |  |  | $ | 911.2 |
Cost of operations | — |  |  | (131.8) |  |  | — |  |  | (473.8) |
Depreciation, amortization and accretion | — |  |  | (14.3) |  |  | — |  |  | (96.0) |
Selling, general, administrative and development expense | — |  |  | (30.0) |  |  | — |  |  | (58.7) |
Other operating expense | — |  |  | (5.7) |  |  | — |  |  | (6.7) |
Loss on sale of ATC TIPL (2) | — |  |  | (1,245.5) |  |  | — |  |  | (1,245.5) |
Operating loss | — |  |  | (1,193.2) |  |  | — |  |  | (969.5) |
Interest income | — |  |  | 4.4 |  |  | — |  |  | 30.7 |
Interest expense | — |  |  | (2.0) |  |  | — |  |  | (7.6) |
Other income, net | — |  |  | 0.2 |  |  | — |  |  | 46.5 |
Loss from discontinued operations before taxes | $ | — |  |  | $ | (1,190.6) |  |  | $ | — |  |  | $ | (899.9) |
Income tax provision | — |  |  | (17.9) |  |  | — |  |  | (78.4) |
Loss from discontinued operations, net of taxes | $ | — |  |  | $ | (1,208.5) |  |  | $ | — |  |  | $ | (978.3) |
_______________ (1)Includes the results of operations for ATC TIPL through September 12, 2024. (2)Primarily includes the reclassification of the Company’s cumulative translation adjustment in India upon exiting the market of $1.1 billion. The following table presents key cash flow and non-cash information related to discontinued operations.
| Nine Months Ended September 30, |  |
| 2025 |  | 2024 (1) |  |
Proceeds from the sale of ATC TIPL | $ | — |  |  | $ | 2,158.8 |  |  |
Capital expenditures | — |  |  | (52.3) |  |  |
Significant non-cash items: |  |  |  |  |
Depreciation, amortization and accretion | — |  |  | 96.0 |  |  |
Stock-based compensation expense | — |  |  | 10.9 |  |  |
Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses | — |  |  | (2.3) |  |  |
(Gain) loss on investments, unrealized foreign currency loss (gain) and other non-cash expense | — |  |  | (30.7) |  |  |
Loss on sale of ATC TIPL (2) | — |  |  | 1,245.5 |  |  |
_______________ (1)Includes the cash flows for ATC TIPL through September 12, 2024. (2)Primarily includes the reclassification of the Company’s cumulative translation adjustment in India upon exiting the market of $1.1 billion.

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