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Equity (Tables)
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Cost of revenue$0.2 $0.2 $0.6 $0.5 
Research and development expenses3.1 2.3 8.7 6.5 
Selling, general and administrative expenses13.4 15.7 33.2 42.3 
Total$16.7 $18.2 $42.4 $49.3 
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
29.2%