v3.25.4
Financing Arrangements (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Our credit facilities and long-term debt obligations are summarized as follows (in millions):
Maturity DateInterest RateDecember 31, 2025December 31, 2024
Short-Term Credit Facilities
2023 ABL Credit FacilityMarch 16, 20285.21%$— $— 
2025 Japan ABL Credit FacilityJanuary 21, 20281.57%44.7 — 
2022 Japan ABL Credit FacilityJanuary 25, 20251.21%— 25.4 
Total Principal Amount$44.7 $25.4 
Unamortized Debt Issuance Costs$2.6 $3.4 
Balance Sheet Location
ABL Credit FacilitiesAsset-based credit facilities$44.7 $25.4 
Unamortized Debt Issuance Costs - CurrentPrepaid expenses$1.2 $1.1 
Unamortized Debt Issuance Costs - Non-currentOther assets, net$1.4 $2.3 
Maturity DateInterest RateDecember 31, 2025December 31, 2024
Long-Term Debt and Credit Facilities
2023 Term Loan BMarch 16, 20306.72%$1,165.6 $1,178.1 
Convertible NotesMay 1, 20262.75%258.3 258.3 
Equipment NotesDecember 15, 2026 - December 21, 2027
2.36% - 5.93%
6.5 11.7 
Financed Tenant ImprovementsFebruary 1, 2035
8.00% - 10.00%
3.6 3.1 
Total Principal Amount$1,434.0 $1,451.2 
Less: Unamortized Debt Issuance Costs18.0 22.3 
Total Debt, net of Unamortized Debt Issuance Costs$1,416.0 $1,428.9 
Balance Sheet Location
Long-Term Debt - CurrentLong-term debt, current portion$765.3 $14.6 
Long-Term Debt - Non-currentLong-term debt650.7 1,414.3 
Total Debt, net of Unamortized Debt Issuance Costs$1,416.0 $1,428.9 
Schedule of Interest Expense, Debt
Total interest and amortization expense related to our credit facilities and long-term debt obligations, which is included in Interest expense, net and Discontinued operations in our consolidated statement of operations, is summarized as follows (in millions):
Year Ended December 31,
202520242023
Short-Term Credit Facilities
2025 Japan ABL Credit Facility$1.1 $— $— 
2023 ABL Credit Facility1.8 1.0 5.0 
2022 Japan ABL Credit Facility— 0.3 0.3 
Total$2.9 $1.3 $5.3 
Long-Term Debt and Credit Facilities
2023 Term Loan B$51.4 $61.5 $54.3 
Convertible Notes7.1 7.1 7.1 
Equipment Notes0.4 0.6 0.8 
Financed Tenant Improvements0.3 0.3 0.3 
2019 Term Loan B— — 8.6 
Total$59.2 $69.5 $71.1 
Schedule of Borrowings, Availability, Interest Rate and Liquidity for Short-term Credit Facilities Our average availability and weighted-average interest rate under our 2023 ABL Credit Facility and 2025 Japan ABL Credit Facility were as follows for the periods presented (in millions except interest rates):
December 31, 2025
2023 ABL Credit Facility
Average availability$411.0 
Weighted-average interest rate7.89 %
2025 Japan ABL Credit Facility
Average availability$13.3 
Weighted-average interest rate1.32 %
Schedule of Aggregate Amount of Maturities for Debt
The following table presents our combined aggregate amount of maturities for our long-term debt over the next five years and thereafter as of December 31, 2025.
(in millions)
2026$775.6 
202714.7 
202812.8 
202912.8 
2030616.0 
Thereafter2.1 
Total aggregate amount of maturities1,434.0 
Less: Unamortized Debt Issuance Costs18.0 
Total aggregate amount of maturities, net of Unamortized Debt Issuance Costs$1,416.0