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Fair Value Measurement
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurement
Note 10. Fair Value Measurement
The following table presents the fair values and carrying amounts of the Company's financial instruments that are required to be recorded or disclosed at fair value on a recurring basis:
September 30, 2025December 31, 2024
CategoryCarrying
amount		Fair valueCarrying
amount		Fair value
Loans receivableLevel 2$78.9 $79.6 $53.6 $53.3 
Contingent consideration liabilityLevel 33.1 3.1 4.8 4.8 
Revolving Facility loansLevel 2298.6 298.6 27.7 27.7 
TLA Facility loansLevel 21,005.6 1,010.8 1,290.5 1,297.5 
Senior Secured NotesLevel 1546.0 562.4 544.8 563.8 
Senior Unsecured NotesLevel 1792.0 837.5 790.9 837.5 
The fair value of loans receivable with a maturity date greater than one year are determined by estimating discounted cash flows using market rates. The fair value of the contingent consideration liability, which relates to IAA's acquisition of Marisat, Inc. in 2021, is determined using certain unobservable inputs, including the likelihood of the achievement of volume targets. The fair values of the Revolving Facility loans and TLA Facility loans, before deduction of deferred debt issuance costs, approximate their carrying amounts as the interest rates are market-based and short-term in nature. The fair values of the Senior Secured Notes and Senior Unsecured Notes are determined by reference to a quoted market price traded in an over-the-counter broker market.