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Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Total revenue $ 4,590.7 $ 4,284.2 $ 3,679.6
Operating expenses:      
Selling, general and administrative 905.2 773.9 743.7
Acquisition-related and integration costs 19.4 29.0 216.1
Depreciation and amortization 483.4 444.4 352.2
Total operating expenses 3,869.9 3,526.8 3,213.2
Gain on disposition of property, plant and equipment 2.2 3.8 4.9
Loss on divestiture and deconsolidation, net (9.6) 0.0 0.0
Operating income 713.4 761.2 471.3
Interest expense (191.6) (233.7) (213.8)
Interest income 14.9 26.2 22.0
Other income (loss), net (0.1) (1.7) 4.7
Foreign exchange loss (1.0) (1.9) (1.8)
Income before income taxes 535.6 550.1 282.4
Income tax expense 108.0 137.3 76.4
Net income 427.6 412.8 206.0
Net income (loss) attributable to:      
Controlling interests 428.4 413.1 206.5
Redeemable non-controlling interest (0.8) (0.3) (0.5)
Net income 427.6 412.8 206.0
Net income attributable to controlling interests 428.4 413.1 206.5
Cumulative dividends on Series A Senior Preferred Shares (26.7) (26.7) (24.3)
Allocated earnings to Series A Senior Preferred Shares (14.2) (13.7) (7.3)
Adjustment of redeemable non-controlling interest (5.3) 0.0 0.0
Net income available to common stockholders $ 382.2 $ 372.7 $ 174.9
Earnings per share available to common stockholders:      
Basic (usd per share) $ 2.06 $ 2.03 $ 1.05
Diluted (usd per share) $ 2.04 $ 2.01 $ 1.04
Weighted-average number of shares outstanding:      
Basic (in shares) 185.4 184.0 167.0
Diluted (in shares) 186.9 185.3 168.2
Service revenue      
Revenue:      
Total revenue $ 3,502.2 $ 3,363.6 $ 2,732.5
Operating expenses:      
Direct expenses 1,431.3 1,415.7 1,007.6
Inventory sales revenue      
Revenue:      
Total revenue 1,088.5 920.6 947.1
Operating expenses:      
Direct expenses $ 1,030.6 $ 863.8 $ 893.6