Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The components of our deferred taxes before and after the DNC restructuring are as follows:

	January 1, 2024		December 31, 2023
	(Post-DNC Restructure)		(Pre-DNC Restructure)
Deferred tax assets (DTAs) related to:
Deferred revenue	$	636.3	$	—
Goodwill	385.2		—
Net operating losses (NOLs)	198.9		473.1
Intangible assets	168.0		(40.0)
Tax credits	167.6		167.6
Deferred interest	44.0		44.0
Operating lease liabilities	31.8		15.3
Accrued expenses	24.2		—
Investment in Desert Newco	—		697.2
Other	27.2		9.3
Valuation allowance	(167.0)		(377.5)
Total DTAs	1,516.2		989.0
Deferred tax liabilities (DTLs) related to:
Deferred cost of revenue	(149.2)		—
Unrealized gains	(71.9)		—
Operating lease assets	(18.1)		(6.4)
Original issue discount and debt issuance costs	(14.0)		—
Total DTLs	(253.2)		(6.4)
Net DTAs	$	1,263.0	$	982.6