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Equity Method Investments in Affiliates (Tables)
9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Changes in Equity Method Investments in Affiliates The following table presents the changes in Equity method investments in
Affiliates (net):
Equity Method
Investments in
Affiliates (Net)
Balance, as of December 31, 2024(1)
$2,246.6
Investments in Affiliates
538.0
Affiliate transactions(2)
(125.6)
Earnings, net of tax
299.7
Intangible amortization and impairments
(70.2)
Distributions of earnings
(379.1)
Return of capital
(3.8)
Foreign currency translation
23.5
Balance, as of September 30, 2025(1)
$2,529.1
_______________________
(1)Includes undistributed earnings of $206.1 million and $123.1 million as of December 31, 2024 and September 30, 2025,
respectively.
(2)Represents the Company’s equity method investment in Peppertree as of the closing date.