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SUPPLEMENTAL BALANCE SHEET INFORMATION
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
6. SUPPLEMENTAL BALANCE SHEET INFORMATION
NIQ estimates credit losses over the life of its trade accounts receivable using a combination of historical loss data, current credit conditions, specific customer circumstances and reasonable and supportable forecasts of future economic conditions. As of June 30, 2025 and December 31, 2024, the allowance for expected credit losses was $12.0 million and $12.1 million, respectively. The total amount recorded as selling, general and administrative expenses for credit losses was $1.1 million and $1.0 million for the three months ended June 30, 2025 and 2024, respectively, and $2.3 million and $1.9 million for the six months ended June 30, 2025 and 2024, respectively.
Prepaid expenses and other current assets consisted of the following:
(in millions)June 30, 2025December 31, 2024
Prepaid expenses$202.9 $107.7 
Derivative assets (Note 8)
1.1 11.1 
Other30.3 17.5 
$234.3 $136.3 
The Company capitalizes certain legal, professional accounting and other third-party fees that are directly associated with in-process equity financings as deferred offering costs until such financings are consummated. After consummation of the equity financing, these costs are recorded as a reduction of the proceeds from the offering. As of June 30, 2025, deferred offering costs of $15.9 million were recorded to prepaid expenses and other current assets in the condensed consolidated balance sheet. Deferred offering costs were insignificant as of December 31, 2024.
Other noncurrent assets consisted of the following:
(in millions)June 30, 2025December 31, 2024
Equity method investments$67.3 $58.1 
Defined benefit plan assets49.1 44.1 
Cost method investments45.2 44.8 
Prepaid expenses11.1 12.6 
Debt issuance costs7.9 6.3 
Other107.1 105.8 
$287.7 $271.7 
Accrued expenses consisted of the following:
(in millions)June 30, 2025December 31, 2024
Data and professional services$219.2 $161.9 
Payroll and benefit costs211.4 288.7 
Accrued income taxes46.9 37.2 
Restructuring liabilities (Note 11)
52.0 74.4 
Other41.9 43.1 
$571.4 $605.3 
Other current liabilities consisted of the following:
(in millions)June 30, 2025December 31, 2024
Derivative liabilities (Note 8)
$59.7 $6.6 
Operating lease liabilities58.1 52.9 
Other74.6 72.0 
$192.4 $131.5 
Other noncurrent liabilities consisted of the following:
(in millions)June 30, 2025December 31, 2024
Defined benefit plan liabilities (Note 12)
$103.1 $93.9 
Derivative liabilities (Note 8)
36.2 14.1 
Restructuring liabilities (Note 11)
1.2 4.3 
Other143.4 139.5 
$283.9 $251.8