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Equity (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
Compensation expense related to stock-based awards was recorded as follows:
Three Months Ended March 31,
(in millions)20252024
Cost of revenue$0.2 $0.1 
Research and development expenses2.6 2.1 
Selling, general and administrative expenses15.4 12.0 
Total$18.2 $14.2 
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions The assumptions used in the Monte Carlo model for PSUs granted were:
Risk-free interest rate
4.04 %
Expected stock price volatility 41.7 %
Peer group stock price volatility 45.9 %
Correlation of returns 0.30