Leases (Tables) - Madison Industries IAQ Solutions Corporation

3 Months Ended

Mar. 31, 2026

Lessee, Lease, Description [Line Items]

Assets And Liabilities, Lessee

Supplemental balance sheet information related to leases is as follows:

Operating Leases	Financial Statement Line Item on the Condensed Consolidated Balance Sheets (Unaudited)	March 31, 2026		December 31, 2025
ROU assets, net	Other long-term assets	$	135.7	$	106.8
Current lease liabilities	Accrued expenses and other current liabilities	22.1		19.9
Long-term lease liabilities	Other long-term liabilities	120.2		92.2
Total operating lease liabilities		$	142.3	$	112.1

Finance Leases	Financial Statement Line Item on the Condensed Consolidated Balance Sheets (Unaudited)	March 31, 2026		December 31, 2025
ROU assets, net	Property, plant and equipment, net	$	6.1	$	5.6
Current lease liabilities	Current maturities of long-term debt	2.3		2.1
Long-term lease liabilities	Long-term debt	3.9		3.6
Total finance lease liabilities		$	6.2	$	5.7

Lease, Cost

The components of lease expense were as follows:

	Three months ended March 31,
	2026		2025
Operating lease expense	$	8.1	$	6.4
Finance lease expense
Depreciation of ROU assets	0.6		0.5
Interest on lease liabilities	0.1		—
Total lease expense	$	8.8	$	6.9

The following table presents supplemental cash flow information related to cash paid for amounts included in the measurement of lease liabilities:

	Three months ended March 31,
	2026		2025
Operating cash flow from operating leases	$	7.2	$	6.3
ROU assets obtained in exchange for new operating lease liabilities	35.9		1.3
Operating cash flows from finance leases	0.1		0.1
Financing cash flows for finance leases	0.6		0.5
ROU assets obtained in exchange for new finance lease liabilities	1.2		0.3