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Equity (Tables)
6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
(in millions)2025202420252024
Cost of revenue$0.2 $0.2 $0.4 $0.4 
Research and development expenses2.9 2.1 5.5 4.2 
Selling, general and administrative expenses4.4 14.6 19.8 26.6 
Total$7.5 $17.0 $25.7 $31.2 
Schedule of Valuation Assumptions The weighted-average assumptions used in the Monte Carlo model for PSUs granted were:
Risk-free interest rate
4.0%
Expected stock price volatility
41.7%
Peer group stock price volatility
46.0%
Correlation of returns
27.0%