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Cash, Cash Equivalents and Restricted Cash
 6 Months Ended
Jun. 30, 2025
Cash, Cash Equivalents and Restricted Cash [Abstract]  
Cash and Cash Equivalents Disclosure CASH, CASH EQUIVALENTS AND RESTRICTED CASH
The following table summarizes the Company’s cash, cash equivalents and restricted cash as presented on the Consolidated Balance Sheets to amounts on the Consolidated Statements of Cash Flows (in millions):
June 30, 2025December 31, 2024
Cash and cash equivalents$833.0 $671.4 
Deposits for financial assurance - current (a)11.4 30.0 
Deposits for financial assurance - noncurrent2.6 2.6 
Total cash, cash equivalents and restricted cash$847.0 $704.0 

(a) Deposits for financial assurance - current is included within Other Current Assets in the Consolidated Balance Sheets.

The Company has $0.2 million and $0.5 million denominated in euros as of June 30, 2025 and December 31, 2024, respectively, and recorded $0.1 million and $0.2 million in transaction losses in the three and six months ended June 30, 2025, respectively, and $0 and $0.1 million in transaction losses in the three and six months ended June 30, 2024, respectively.

The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):
June 30, 2025December 31, 2024
CurrentLong-TermCurrentLong-Term
Collateral for Inventory Loans$11.2 $— $29.8 $— 
Workers Compensation— 2.5 — 2.5 
Other0.2 0.1 0.2 0.1 
Total deposits for financial assurance$11.4 $2.6 $30.0 $2.6 
In 2022, the Company entered into three inventory loans that each required a cash deposit into an escrow fund. In March 2025, the Company repaid two of the three inventory loans. In May 2025, the Company received $18.6 million of restricted cash which was released from escrow. In June 2025, the Company repaid the last of the three inventory loans and, in July 2025, received $11.2 million of restricted cash which was released from escrow (see Note 4, Inventories). The Company has provided financial assurance to states in which it was previously self-insured for workers’ compensation in accordance with each state’s requirements in the form of a surety bond or deposit that is fully cash collateralized by the Company. Each surety bond or deposit is subject to reduction and/or cancellation, as each state determines the likely reduction of workers’ compensation obligations pertaining to the period of self-insurance.