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Hybrid Instruments Liabilities | 6 Months Ended
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Jun. 30, 2025
Hybrid Instruments [Abstract] |
Hybrid instruments liabilities | 19. Hybrid instruments liabilities Related to certain other majority owned acquisitions, the Company has entered into agreements with the noncontrolling interest holders that provide the Company with the right to purchase, and the noncontrolling interest holders with the right to sell the remaining ownerships for cash at contractually defined redemption values. The following table sets forth the changes in hybrid instruments liability (in millions):
Balance at December 31, 2024 |  | $ | 78.1 |
Acquisitions |  |  | — |
Current period adjustments |  |  | 1.7 |
Current period settlements |  |  | — |
Foreign currency effect |  |  | 3.8 |
Balance at June 30, 2025 |  | $ | 83.6 |
The Level 3 fair value measurements of our hybrid instrument liabilities include the following significant unobservable inputs:
Hybrid Instrument Liabilities | Valuation Technique | Unobservable Input | Range | Weighted Average (a)
Put / Call Options | Option Pricing Model | Revenue Risk Premium | 1.6% - 12.6% | 10.6%
|  | EBITDA Risk Premium | 10.1% - 25.1% | 21.4%
a) Unobservable inputs were weighted by the relative fair value of the hybrid instrument liabilities.

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- Definition The entire disclosure for hybrid instruments and embedded derivatives, including discussion of the process used in evaluating whether a hybrid instrument in the form of a share constitutes a debt or equity security, and on what basis an embedded derivative was deemed to be separable or inseparable from the host instrument. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 15 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/815-15/tableOfContent + Details
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- References No definition available. + Details
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