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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:          
Net income (loss) $ 28.4 $ (240.5) $ (7.4) $ (355.5) $ (536.7)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization 2.4 3.0 5.0 6.1  
Equity in losses of unconsolidated affiliates (1.8) 95.7 4.0 97.6  
Distributions from investments in unconsolidated affiliates     0.6 3.1  
Recognized (gains) losses and asset impairments, net     (34.1) 69.0  
Lease asset amortization     5.9 6.8  
Stock-based compensation expense     4.2 14.9  
Net loss from discontinued operations - see Note J     0.0 87.3  
Changes in assets and liabilities:          
Other assets     3.3 2.9  
Lease liabilities     (8.2) (7.7)  
Accounts payable, accrued liabilities, deferred revenue and other liabilities     (2.7) 20.3  
Income taxes     3.0 42.7  
Net cash used in operating activities     (26.4) (12.5)  
Cash flows from investing activities:          
Additions to property and equipment and other intangible assets     (4.9) (3.9)  
Proceeds from sales of property and equipment     0.0 1.7  
Proceeds from sale of investments in unconsolidated affiliates, equity securities and other long-term investments     7.1 103.1  
Additional investments in unconsolidated affiliates     (15.0) (30.1)  
Purchases of other long-term investments     (3.3) (7.0)  
Distributions from investments in unconsolidated affiliates     4.7 7.5  
Proceeds from sale and maturity of short-term investment securities     0.0 6.2  
Consideration transferred for acquisition of Exeter Rugby Group     (9.6) 0.0  
Net cash (used in) provided by investing activities     (21.0) 77.5  
Cash flows from financing activities:          
Borrowings     1.5 0.6  
Debt service payments     (2.3) (0.7)  
Other activity in non-controlling interests     (0.1) 0.2  
Payment for vested shares withheld for taxes and in treasury     (1.3) (1.6)  
Dividends paid     (13.5) (15.4)  
Treasury stock repurchases     (46.9) (112.9)  
Net cash used in financing activities     (62.6) (129.8)  
Net decrease in cash and cash equivalents     (110.0) (64.8)  
Cash and cash equivalents classified as held for sale (1.6) 0.0 (1.6) 0.0  
Cash and cash equivalents at beginning of period     182.0 131.5 131.5
Cash and cash equivalents at end of period $ 70.4 $ 66.7 $ 70.4 $ 66.7 $ 182.0