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Minority and Equity-method Investments (Tables)
 9 Months Ended
Sep. 30, 2025
Schedule of Equity Method Investments [Line Items]  
Schedule of fair value measurements of the liability includes significant unobservable inputs

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

4.6% - 12.6%

9.6%

 

 

EBITDA Risk Premium

10.1% - 25.1%

19.4%
a)
Unobservable inputs were weighted by the relative fair value of the hybrid instrument liabilities.
Acquisitions 2025  
Schedule of Equity Method Investments [Line Items]  
Schedule of minority investments During the nine months ended September 30, 2025, the Company completed several minority investments. The following table reflects the consideration transferred (in millions):

 

Name

 

Financial
Statement
Classification

 

Date Acquired

 

Total
Consideration

 

 

Cash
Consideration

 

Other minority investments

 

Other long-term assets

 

Various

 

$

7.9

 

 

$

6.6

 

 

 

 

 

 

 

 

 

 

 
Schedule of fair value measurements of the liability includes significant unobservable inputs

The fair value measurement of the liability includes significant unobservable inputs as follows:

Instrument

Valuation Technique

Unobservable Input

Value

Equity interest purchase option liability

Discounted Cash Flow

Revenue Risk Premium

2.3%

 

 

EBITDA Risk Premium

9.0%
Acquisitions 2024  
Schedule of Equity Method Investments [Line Items]  
Schedule of minority investments During the year ended December 31, 2024, the Company completed several minority investments. The following table reflects the consideration transferred (in millions):

Name

 

Financial
Statement
Classification

 

Date Acquired

 

Total
Consideration

 

 

Cash
Consideration

 

NovAliX

 

Other long-term assets

 

July 31, 2024

 

$

50.1

 

 

$

34.1

 

Other minority investments

 

Other long-term assets

 

Various

 

 

14.2

 

 

 

14.2

 

 

 

 

 

 

$

64.3

 

 

$

48.3