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INVESTMENTS | 9 Months Ended
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Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
INVESTMENTS | INVESTMENTS Marketable Securities As of September 30, 2025 and December 31, 2024, marketable equity securities recorded within other current assets in the Consolidated Balance Sheets were $2.4 million and $2.2 million, respectively. Net unrealized gains recognized during the nine months ended September 30, 2025 and 2024 on marketable equity securities held at the reporting date were $0.2 million and $0.3 million, respectively. Marketable debt securities accounted for as AFS, and recorded within Other current assets in the Consolidated Balance Sheets, were as follows:
| As of September 30, 2025
|  |  |  |  |  |  |  |  | Fair Value of Securities with Contractual Maturities
(In millions) | Amortized Cost |  | Total Net Gains 1 |  | Total Net Losses 1 |  | Fair Value |  | Within 1 Year |  | After 1 Year through 5 Years |  | After 5 Years
U.S. Treasury | $21.3 |  | $0.2 |  | $— |  | $21.5 |  | $3.7 |  | $14.3 |  | $3.5
Municipal securities | 8.9 |  | 0.2 |  | — |  | 9.1 |  | — |  | 7.5 |  | 1.6
Corporate debt | 21.7 |  | 0.3 |  | — |  | 22.0 |  | 5.0 |  | 12.3 |  | 4.7
Total | $51.9 |  | $0.7 |  | $— |  | $52.6 |  | $8.7 |  | $34.1 |  | $9.8
| As of December 31, 2024
|  |  |  |  |  |  |  |  | Fair Value of Securities with Contractual Maturities
(In millions) | Amortized Cost |  | Total Net Gains 1 |  | Total Net Losses 1 |  | Fair Value |  | Within 1 Year |  | After 1 Year through 5 Years |  | After 5 Years
U.S. Treasury | $20.4 |  | $— |  | $(0.2) |  | $20.2 |  | $3.4 |  | $13.8 |  | $3.1
Municipal securities | 10.0 |  | — |  | — |  | 10.0 |  | 1.5 |  | 7.0 |  | 1.5
Corporate debt | 21.0 |  | — |  | (0.1) |  | 20.9 |  | 4.2 |  | 13.7 |  | 2.9
Total | $51.4 |  | $— |  | $(0.3) |  | $51.1 |  | $9.1 |  | $34.5 |  | $7.5
1 Represents total unrealized losses for securities with net gains (losses) in accumulated other comprehensive income. Proceeds from the maturity of AFS debt securities were $2.0 million and $8.2 million for the three and nine-months ended September 30, 2025. There were no gross realized gains or losses on the maturity of AFS debt securities for the three and nine-months ended September 30, 2025 and 2024. Equity Method Investments Our common stock voting interests in Pinewood Technologies, PLC (PINE.L), a U.K.-based automotive dealership management system provider, increased from 25.50% to 31.95% in July 2025. The investment is accounted for as an equity method investment. The investment is measured at fair value based on quoted market prices, and all fair market value changes in the investment are recorded as unrealized gains or losses as a component of Other (expense) income, net in the Consolidated Statements of Operations. The fair value of our investment was $205.1 million and $100.0 million as of September 30, 2025 and December 31, 2024, respectively. See Note 11 – Fair Value Measurements.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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