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Condensed Consolidated Statements of Shareholder’s Equity (Deficit) and Noncontrolling Interests (Unaudited) - USD ($)
$ in Millions
Total
IPO
Private Placement
Class A Common Stock
Class B Common Stock
Total Shareholders' Equity (Deficit)
Total Shareholders' Equity (Deficit)
IPO
Total Shareholders' Equity (Deficit)
Private Placement
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
IPO
Common Stock
Class A Common Stock
Private Placement
Common Stock
Class B Common Stock
Common Stock
Class B Common Stock
Private Placement
Additional Paid-In Capital
Additional Paid-In Capital
IPO
Additional Paid-In Capital
Private Placement
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024                 0     320,676,155              
Beginning balance at Dec. 31, 2024 $ (92.5)         $ (58.1)     $ 0.0     $ 0.0   $ 0.0     $ (17.4) $ (40.7) $ (34.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Contributions 157.5         157.5               157.5          
Distributions (12.8)         (12.8)               (12.8)          
Net Income (loss) 122.2         104.8                     104.8   17.4
Other comprehensive income (loss) 6.6         5.4                       5.4 1.2
Ending balance (in shares) at Sep. 30, 2025                 0     320,676,155              
Ending balance at Sep. 30, 2025 181.0         196.8     $ 0.0     $ 0.0   144.7     87.4 (35.3) (15.8)
Beginning balance at Dec. 31, 2024 437.2                                    
Redeemable Noncontrolling Interest                                      
Net Income (loss) 11.6                                    
Other comprehensive income (loss) 0.2                                    
Contributions from noncontrolling interests 6.2                                    
Redemptions of noncontrolling interests (0.2)                                    
Equity value attributable to noncontrolling interests in business acquisition 217.3                                    
Ending balance at Sep. 30, 2025 672.3                                    
Beginning balance (in shares) at Jun. 30, 2025                 0     320,676,155              
Beginning balance at Jun. 30, 2025 136.0         157.7     $ 0.0     $ 0.0   143.6     42.6 (28.5) (21.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Distributions 1.1         1.1               1.1          
Net Income (loss) 51.5         44.8                     44.8   6.7
Other comprehensive income (loss) (7.6)         (6.8)                       (6.8) (0.8)
Ending balance (in shares) at Sep. 30, 2025                 0     320,676,155              
Ending balance at Sep. 30, 2025 181.0         196.8     $ 0.0     $ 0.0   144.7     87.4 (35.3) (15.8)
Beginning balance at Jun. 30, 2025 666.9                                    
Redeemable Noncontrolling Interest                                      
Net Income (loss) 5.3                                    
Other comprehensive income (loss) (0.6)                                    
Contributions from noncontrolling interests 0.7                                    
Redemptions of noncontrolling interests 0.0                                    
Equity value attributable to noncontrolling interests in business acquisition 0.0                                    
Ending balance at Sep. 30, 2025 672.3                                    
Beginning balance (in shares) at Dec. 31, 2025       0 320,676,155       0     320,676,155              
Beginning balance at Dec. 31, 2025 82.1         (37.0)     $ 0.0     $ 0.0   0.0     (6.3) (30.7) 119.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Distributions 44.1         44.1               44.1          
Net Income (loss) 216.0         210.2                     210.2   5.8
Other comprehensive income (loss) 2.0         1.6                         0.4
Increased value of redeemable noncontrolling interests (1.5)         (1.5)               (1.5)          
Issuance of stock (in shares)                   95,096,154 90,108,130   3,703,704            
Issuance of stock   $ 2,475.0 $ 2,317.4       $ 2,475.0 $ 2,317.4             $ 2,475.0 $ 2,317.4      
Remeasurement and exchange of noncontrolling interests for Class A common stock (in shares)                 81,791,959                    
Remeasurement and exchange of noncontrolling interests for Class A common stock 887.8         1,025.2               1,028.0       (2.8) (137.4)
Tax attribution to Holdings from reorganization transaction (69.7)         (69.7)               (69.7)          
Equity Appreciation Rights expense 34.7         22.6               22.6         12.1
Issuance of Class A common stock upon vesting of EAR units (in shares)                 675,372                    
Net share settlement of EAR awards (18.8)         (18.8)               (18.8)          
Ending balance (in shares) at Sep. 30, 2026       267,671,615 324,379,859       267,671,615     324,379,859              
Ending balance at Sep. 30, 2026 5,969.1         5,969.1     $ 0.0     $ 0.0   5,797.1     203.9 (31.9) 0.0
Beginning balance at Dec. 31, 2025 882.9                                    
Redeemable Noncontrolling Interest                                      
Net Income (loss) 4.9                                    
Other comprehensive income (loss) (0.6)                                    
Increased value of redeemable noncontrolling interests 1.5                                    
Remeasurement and exchange of noncontrolling interests for Class A common stock (887.8)                                    
Ending balance at Sep. 30, 2026 0.9                                    
Beginning balance (in shares) at Jun. 30, 2026                 177,288,058     324,379,859              
Beginning balance at Jun. 30, 2026 3,649.7         3,649.7     $ 0.0     $ 0.0   3,587.1     96.5 (33.9) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Distributions 13.1         13.1               13.1          
Net Income (loss) 107.4         107.4                     107.4    
Other comprehensive income (loss) 2.0         2.0                          
Issuance of stock (in shares)                     90,108,130                
Issuance of stock   $ (0.3) $ 2,217.4       $ (0.3) $ 2,217.4             $ (0.3) $ 2,217.4      
Tax attribution to Holdings from reorganization transaction (28.6)         (28.6)               (28.6)          
Equity Appreciation Rights expense 11.3         11.3               11.3          
Issuance of Class A common stock upon vesting of EAR units (in shares)                 275,427                    
Net share settlement of EAR awards (2.9)         (2.9)               (2.9)          
Ending balance (in shares) at Sep. 30, 2026       267,671,615 324,379,859       267,671,615     324,379,859              
Ending balance at Sep. 30, 2026 5,969.1         $ 5,969.1     $ 0.0     $ 0.0   $ 5,797.1     $ 203.9 $ (31.9) $ 0.0
Beginning balance at Jun. 30, 2026 0.9                                    
Ending balance at Sep. 30, 2026 $ 0.9