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Telford Fire Safety Remediation
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Telford Fire Safety Remediation Telford Fire Safety Remediation
The accompanying consolidated balance sheets include an estimated liability of approximately $212 million (of which $116 million was current) and $204 million (of which $102 million was current) as of June 30, 2025 and December 31, 2024, respectively, related to the remediation efforts. The increase in the balance as of June 30, 2025 is due to the change in exchange rates less actual remediation costs and other direct costs incurred during the period.
The estimated remediation costs for in-scope buildings are subjective, highly complex and dependent on a number of variables outside of Telford Homes’ control. These include, but are not limited to, individual remediation requirements for each building, the time required for the remediation to be completed, cost of construction or remediation materials, availability of construction materials, potential discoveries made during remediation that could necessitate incremental work, investigation costs, availability of qualified fire safety engineers, potential business disruption costs, potential changes to or new regulations
and regulatory approval. We will continue to assess new information as it becomes available during the remediation process and adjust our estimated liability accordingly.