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FAIR VALUE AND FINANCIAL INSTRUMENTS
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE AND FINANCIAL INSTRUMENTS FAIR VALUE AND FINANCIAL INSTRUMENTS
The Company accounts for certain assets and liabilities at fair value. The fair values are separated into three broad levels (Levels 1, 2 and 3) based on the assessment of the availability of observable market data and the significance of non-observable data used to determine fair value. Each fair value measurement must be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety. The three levels are as follows:
Level 1 inputs, which are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.
Level 2 inputs, which are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.
Level 3 inputs, which are unobservable inputs for the asset or liability. These unobservable inputs reflect the entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability, and are developed based on the best information available in the circumstances (which might include the reporting entity’s own data).

The following table presents fair values of certain assets and liabilities as of December 31, 2025 and December 31, 2024:
As of December 31,
20252024
($ in millions)Level 1Level 2Level 3Level 1Level 2Level 3
1.75% convertible notes due 2028 (1)
$— $442.4 $— $— $351.3 $— 
4.75% senior notes due 2029 (1)
$— $347.1 $— $— $330.3 $— 
6.375% senior notes due 2032 (1)
$— $514.1 $— $— $485.0 $— 
Term loan due 2029 (1) (2)
$— $117.2 $— $— $123.4 $— 
Revolver due 2029 (1) (2)
$— $75.0 $— $— $100.0 $— 
Contingent consideration (3)
$— $— $2.4 $— $— $3.6 
(1)The amounts of these notes listed above are the fair values for disclosure purposes only, and they are recorded in the Company's consolidated balance sheets as of December 31, 2025 and 2024 at carrying value.
(2)The carrying amounts of our term loan and revolving credit facility approximate fair value as of December 31, 2025 and 2024 based upon their terms and conditions in comparison to the terms and conditions of debt instruments with similar terms and conditions available at those dates.
(3)The estimated fair value of the Company's contingent consideration is discussed further in Note 3 "Acquisitions".