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v3.26.1

DEBT (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Carrying Value of Debt | The carrying value of the Company’s debt as of June 30, 2026 and December 31, 2025 was as follows (in millions):
|  | June 30, 2026 |  | December 31, 2025
2026 Notes |  | $ | 204.0 |  |  | $ | 203.7 |
2030 Notes |  | 1,085.9 |  |  | 1,084.2 |
2031 Notes |  | 963.3 |  |  | 962.4 |
GIB credit facility |  | 503.1 |  |  | 468.0 |
DDTL credit facility |  | 497.4 |  |  | — |
Total debt |  | 3,253.7 |  |  | 2,718.3 |
Current portion of debt |  | (707.1) |  |  | (671.7) |
Debt, net of current portion |  | $ | 2,546.6 |  |  | $ | 2,046.6 |
Schedule of Convertible Notes and Components of Interest Expense | The following table sets forth a summary of the 2026 Notes, the 2030 Notes, and the 2031 Notes as of June 30, 2026 and December 31, 2025 (in millions):
| June 30, 2026
| Principal Amount |  | Unamortized Debt Discounts and Issuance Costs |  | Net Carrying Amount |  | Fair Value |  |
2026 Notes | $ | 204.3 |  |  | $ | (0.3) |  |  | $ | 204.0 |  |  | $ | 196.5 |  |  |
2030 Notes | 1,100.0 |  |  | (14.1) |  |  | 1,085.9 |  |  | 517.0 |  |  |
2031 Notes | 975.0 |  |  | (11.7) |  |  | 963.3 |  |  | 515.5 |  |  |
Total convertible senior notes | $ | 2,279.3 |  |  | $ | (26.1) |  |  | $ | 2,253.2 |  |  | $ | 1,229.0 |  |  |
| December 31, 2025
| Principal Amount |  | Unamortized Debt Discounts and Issuance Costs |  | Net Carrying Amount |  | Fair Value |  |
2026 Notes | $ | 204.3 |  |  | $ | (0.6) |  |  | $ | 203.7 |  |  | $ | 189.7 |  |  |
2030 Notes | 1,100.0 |  |  | (15.8) |  |  | 1,084.2 |  |  | 655.9 |  |  |
2031 Notes | 975.0 |  |  | (12.6) |  |  | 962.4 |  |  | 775.1 |  |  |
Total convertible senior notes | $ | 2,279.3 |  |  | $ | (29.0) |  |  | $ | 2,250.3 |  |  | $ | 1,620.7 |  |  |
The components of interest expense related to the 2026 Notes, the 2030 Notes, and the 2031 Notes were as follows (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Contractual interest | $ | 31.4 |  |  | $ | 15.9 |  |  | $ | 62.9 |  |  | $ | 22.2 |
Amortization of debt discounts and debt issuance costs | 1.5 |  |  | 1.4 |  |  | 2.9 |  |  | 2.7 |
Interest expense | $ | 32.9 |  |  | $ | 17.3 |  |  | $ | 65.8 |  |  | $ | 24.9 |

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