Cloud Computing Arrangements

12 Months Ended

Dec. 31, 2025

Cloud Computing Arrangements

Cloud Computing Arrangements

(10) Cloud Computing Arrangements

Capitalized costs to implement cloud computing arrangements and accumulated amortization are included on the Company’s consolidated balance sheet in other assets (other, net) and were as follows:

	December 31,
	2025		2024
	(in millions)
Total capitalized implementation costs	$	30.4	$	17.6
Accumulated amortization		(1.7)		(0.1)
Total capitalized implementation costs, net	$	28.7	$	17.5

Costs amortized during the fiscal year ended December 31, 2025 and 2024 were $1.6 million and $0.1 million, respectively, and are included in selling, general and administrative expenses. For the fiscal year ended December 31, 2023 there were no costs recognized related to the implementation of these cloud computing arrangements due to the timing of when these projects were placed into service. As of December 31, 2025, cloud computing arrangement assets in-service have remaining useful lives of approximately nine years.