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Condensed Consolidated Statements of Shareholder’s Equity (Deficit) and Noncontrolling Interests - USD ($)
$ in Millions
Total
Madison Industries IAQ Solutions Corporation
Madison Industries IAQ Solutions Corporation
Total Shareholder's Equity (Deficit)
Madison Industries IAQ Solutions Corporation
Common Stock
Madison Industries IAQ Solutions Corporation
Additional Paid-In Capital
Madison Industries IAQ Solutions Corporation
Retained Earnings (Accumulated Deficit)
Madison Industries IAQ Solutions Corporation
Accumulated Other Comprehensive Income (Loss)
Madison Industries IAQ Solutions Corporation
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024       1,000        
Beginning balance at Dec. 31, 2024   $ (92.5) $ (58.1) $ 0.0 $ 0.0 $ (17.4) $ (40.7) $ (34.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Distributions   9.8 9.8   9.8      
Net income (loss)   43.2 37.7     37.7   5.5
Other comprehensive income (loss)   (3.7)         (3.1)  
Other comprehensive income (loss)   (3.5) (3.2)       (3.2) (0.3)
Ending balance (in shares) at Mar. 31, 2025       1,000        
Ending balance at Mar. 31, 2025   (43.0) (13.8) $ 0.0 9.8 20.3 (43.9) (29.2)
Beginning balance at Dec. 31, 2024   437.2            
Redeemable Noncontrolling Interest                
Contributions from noncontrolling interests   0.2            
Redemptions of noncontrolling interests   (0.2)            
Net income (loss)   3.0            
Other comprehensive income (loss)   (0.2)            
Ending balance at Mar. 31, 2025   $ 440.0            
Beginning balance (in shares) at Dec. 31, 2025 1,000 1,000   1,000        
Beginning balance at Dec. 31, 2025   $ 82.1 (37.0) $ 0.0 0.0 (6.3) (30.7) 119.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Distributions   14.3 14.3   14.3      
Increased value of redeemable noncontrolling interests   (1.5) (1.5)   (1.5)      
Equity appreciation rights   8.1 0.0   0.0     8.1
Net income (loss)   38.7 33.6     33.6   5.1
Other comprehensive income (loss)   $ 1.6 1.7       1.7 (0.1)
Ending balance (in shares) at Mar. 31, 2026 1,000 1,000   1,000        
Ending balance at Mar. 31, 2026   $ 143.3 $ 11.1 $ 0.0 $ 12.8 $ 27.3 $ (29.0) $ 132.2
Beginning balance at Dec. 31, 2025   882.9            
Redeemable Noncontrolling Interest                
Increased value of redeemable noncontrolling interests   1.5            
Net income (loss)   4.3            
Ending balance at Mar. 31, 2026   $ 888.7