Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

The following table provides a reconciliation of end of period cash, cash equivalents and restricted cash reported within our condensed consolidated statements of cash flows to amounts within our condensed consolidated balance sheets for the periods ended:



	March 31, 2026		March 31, 2025
Cash and cash equivalents	$	633.5	$	610.3
Restricted cash	606.8		660.9
Cash classified as held for sale within prepaid expenses and other current assets	—		6.4
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	1,240.3	$	1,277.6

Schedule of Restrictions on Cash and Cash Equivalents



	March 31, 2026		March 31, 2025
Cash and cash equivalents	$	633.5	$	610.3
Restricted cash	606.8		660.9
Cash classified as held for sale within prepaid expenses and other current assets	—		6.4
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	1,240.3	$	1,277.6

Schedule of New Accounting Pronouncements

Standard

Description

Date/Method of Adoption

Effect on financial statements or other significant matters

Not Yet Adopted as of March 31, 2026

ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses

Requires disclosure in the notes to the financial statements of specified information about certain costs and expenses (including the amounts of employee compensation, depreciation and intangible asset amortization) included within each income statement expense caption.

The amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this ASU, or (2) retrospectively to all prior periods presented in the financial statements.

The Company is currently evaluating the impact that the adoption of this ASU will have on its consolidated financial statements and disclosures.

ASU 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software

Modernizes the accounting for internal-use software. The update eliminates the prescriptive software development stages (e.g., preliminary project stage, application development stage) and instead requires capitalization to begin when management authorizes and commits to funding the project and it is probable the project will be completed and used to perform the function intended.

The standard is effective for annual reporting periods beginning after December 15, 2027, and interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual reporting period. The amendments may be applied using a prospective, modified, or retrospective transition approach.

The Company is currently evaluating the impact that this new guidance will have on its consolidated financial statements and related disclosures.

ASU 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans

The amendments in this update expand the use of the “gross-up” approach to certain acquired loans beyond purchased financial assets with credit deterioration. Under this approach, an allowance for expected credit losses is recognized at acquisition, offsetting the loan’s amortized cost basis, thereby eliminating the day-one credit loss expense previously required.

The standard is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted. The amendments should be applied on a prospective basis to loans acquired on or after the initial application date.

The Company is evaluating the provisions of this ASU and does not expect adoption to have a material impact on its consolidated financial statements.