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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of Liabilities Measured at Fair Value on Recurring Basis | Our liabilities measu red at fair value on a recurring basis consist of the following:
|  | Fair Value Measurements Using |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
June 30, 2025: |  |  |  |  |  |  |  |  |
Liabilities — Munger make-whole provision |  | $ | — |  |  | $ | — |  |  | $ | — |
December 31, 2024: |  |  |  |  |  |  |  |  |
Liabilities — Munger make-whole provision |  | $ | — |  |  | $ | — |  |  | $ | 8.6 |
Reconciliation of Recurring Level 3 Fair Value Measurements | The following is a reconciliation of our recurring Level 3 fair value measurements:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30,
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |
Net asset (liability) balance at beginning of period |  | $ | — |  |  | $ | 17.1 |  |  | $ | (8.6 | ) |  | $ | 15.9 |  |
Transfer of investment in BPC to acquisition purchase consideration |  |  | — |  |  |  | (24.9 | ) |  |  | — |  |  |  | (24.9 | ) |
Change in fair value of Level 3 fair value measurements |  |  | — |  |  |  | (1.0 | ) |  |  | 3.7 |  |  |  | 0.2 |  |
Munger liability settled in cash |  |  | — |  |  |  | — |  |  |  | 4.9 |  |  |  | — |  |
Net asset (liability) balance at end of period |  | $ | — |  |  | $ | (8.8 | ) |  | $ | — |  |  | $ | (8.8 | ) |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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