XML 26 R7.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Net Former Parent Investment
Beginning balance at Dec. 31, 2022 $ 2,258.6       $ (345.2) $ 2,603.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings for the period/Net loss (income) for the period 416.8         416.8
Net transfers from (to) parent net (431.7)         (431.7)
Other comprehensive income (loss) (8.0)       (8.0)  
Stock-based compensation 25.0         25.0
Ending balance at Dec. 31, 2023 2,260.7       (353.2) 2,613.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings for the period/Net loss (income) for the period 354.6         354.6
Net transfers from (to) parent net 1,261.1         1,261.1
Other comprehensive income (loss) (138.1)       (138.1)  
Stock-based compensation $ 24.5         24.5
Shares outstanding, ending balance at Dec. 31, 2024 100 0        
Ending balance at Dec. 31, 2024 $ 3,762.8 $ 0.0 $ 0.0 $ 0.0 (491.3) 4,254.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings for the period/Net loss (income) for the period (1,222.5)     (1,334.0)   111.5
Recapitalization (in shares)   112,700,000        
Recapitalization 0.0 $ 1.1       (1.1)
Consideration paid to Former Parent in connection with the Separation (1,150.0)         (1,150.0)
Noncash adjustments to Former Parent's investment, net (6.8)   3,269.5     (3,276.3)
Net transfers to Former Parent (43.0)   $ (90.2)     47.2
Other comprehensive income (loss) 246.4       246.4  
Dividends to common stockholders ($0.10 per common share) (11.3)     (11.3)    
Stock-based compensation (in shares)     200,000      
Stock-based compensation 59.4   $ 44.8     14.6
Shares withheld for taxes $ (0.7)   (0.7)      
Shares outstanding, ending balance at Dec. 31, 2025 112,900,000 112,900,000        
Ending balance at Dec. 31, 2025 $ 1,634.3 $ 1.1 $ 3,223.4 $ (1,345.3) $ (244.9) $ 0.0