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Operating Expenses | 12 Months Ended
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Dec. 31, 2024
Operating Expenses [Abstract] |
Operating Expenses | 7. Operating Expenses Acquisition-related and Integration Costs Acquisition-related and integration costs consist of operating expenses incurred in connection with business combinations, such as due diligence, advisory, legal, integration, severance, acceleration of share-based payments expense, and share-based continuing employment costs. Integration costs primarily include expenses incurred with third-parties to support integration activities to achieve cost synergies and integration goals relating to recent acquisitions. The following is a summary of our acquisition-related and integration costs by significant acquisition and nature:
Year ended December 31, |  | 2024 |  | 2023 |  | 2022
IAA acquisition |  |  |  |  |  |
Financing |  | $ | — |  |  | $ | 30.0 |  |  | $ | — |
Severance |  | 13.8 |  |  | 41.1 |  |  | — |
Integration |  | 11.7 |  |  | 34.5 |  |  | — |
Acceleration of share-based payments expense |  | 1.0 |  |  | 6.8 |  |  | — |
Legal |  | — |  |  | 12.3 |  |  | 7.8 |
Investment banking, consulting and other acquisition-related costs |  | 1.2 |  |  | 68.8 |  |  | 13.5 |
Settlement of pre-existing contractual arrangement |  | — |  |  | 16.3 |  |  | — |
|  | 27.7 |  | 209.8 |  | 21.3 |
Other acquisitions |  | 1.3 |  | 6.3 |  | 16.0
|  | $ | 29.0 |  |  | $ | 216.1 |  |  | $ | 37.3 |
Other acquisitions primarily consists of costs in connection with the acquisitions of Boom and Bucket, VeriTread, SmartEquip, and Rouse Services, as well as costs incurred with the terminated Euro Auctions acquisition in 2022. Depreciation and Amortization
Year ended December 31, |  | 2024 |  | 2023 |  | 2022
Depreciation |  | $ | 103.6 |  |  | $ | 86.2 |  |  | $ | 31.4 |
Amortization |  | 340.8 |  |  | 266.0 |  |  | 65.8 |
|  | $ | 444.4 |  |  | $ | 352.2 |  |  | $ | 97.2 |

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