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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income (loss) $ 77.5 $ (2.2)
Less: (Loss) income from discontinued operations, net of tax (2.4) 3.4
Net income (loss) from continuing operations 79.9 (5.6)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Bridge loan facility fees 0.0 26.1
Depreciation and amortization 131.9 96.2
Employee share-based compensation expense 10.1 6.6
Financing costs amortization 9.4 7.2
Unrealized foreign currency transaction gain (13.7) (0.9)
Unrealized loss on investments in equity securities 2.0 6.6
Equity in loss (income) of unconsolidated affiliates 1.6 (1.2)
Loss on sale of business 7.8 0.0
Other non-cash operating activities 1.0 1.4
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 0.2 (60.2)
Inventories 5.0 (5.0)
Unbilled contract revenue (186.2) (82.8)
Prepaid expenses and other current assets (43.0) 12.4
Accounts payable and other current liabilities 42.4 129.1
Customer advances and billings in excess of contract revenue 6.0 34.6
Long-term assets and liabilities (27.9) (29.1)
Net Cash Provided By Continuing Operating Activities 26.5 135.4
Net Cash Used In Discontinued Operating Activities (5.5) (75.9)
Net Cash Provided By Operating Activities 21.0 59.5
INVESTING ACTIVITIES    
Acquisition of businesses, net of cash acquired 0.0 (4,339.8)
Capital expenditures (74.2) (52.3)
Investments (13.1) (2.6)
Other investing activities (5.8) (1.0)
Net Cash Used In Continuing Investing Activities (93.1) (4,395.7)
Net Cash Used In Discontinued Investing Activities (2.5) (2.1)
Net Cash Used In Investing Activities (95.6) (4,397.8)
FINANCING ACTIVITIES    
Borrowings on credit facilities 1,484.8 722.8
Repayments on credit facilities (1,336.3) (384.8)
Borrowings on term loan 0.0 1,747.2
Repayments on term loan 0.0 (3.8)
Payments for debt issuance costs (5.3) (133.4)
Payment of contingent consideration 0.0 (1.7)
Proceeds from issuance of common stock, net 0.0 11.7
Proceeds from exercise of stock options 0.4 0.2
Common stock repurchases from share-based compensation plans (3.1) (2.7)
Dividend distribution to noncontrolling interests 0.0 (8.4)
Dividends paid on mandatory convertible preferred stock (13.6) (13.7)
Net Cash Provided By Financing Activities 126.9 1,933.4
Effect of exchange rate changes on cash and cash equivalents (2.8) 1.9
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 49.5 (2,403.0)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period [1] 201.1 2,605.3
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD [1] $ 250.6 $ 202.3
[1] Includes restricted cash and restricted cash equivalents of $3.2 and $12.8 classified within other current assets as of June 30, 2024 and December 31, 2023, respectively, and $12.5 and $1,941.7 as of June 30, 2023 and December 31, 2022, respectively.