v3.26.1
BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2026
BASIS OF PRESENTATION  
Schedule of consolidated statement of cash flows

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As of

(In millions)

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June 30, 2026

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December 31, 2025

Cash and cash equivalents

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$

778.4

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$

428.5

Restricted cash

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​

41.1

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​

48.8

Total cash and cash equivalents and restricted cash in the statement of cash flows

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$

819.5

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$

477.3

Schedule of related party transactions

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Three Months Ended

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Six Months Ended

(In millions)

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June 30, 2026

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June 30, 2025

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June 30, 2026

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June 30, 2025

Related party advertising revenues

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$

10.2

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$

6.1

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$

15.6

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$

11.2

Related party film exhibition costs

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​

8.2

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5.8

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14.5

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9.3

Schedule of change in accumulated other comprehensive income (loss)

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Foreign

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(In millions)

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Currency

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Pension Benefits

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Total

Balance December 31, 2025

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$

(38.3)

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$

(3.9)

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$

(42.2)

Other comprehensive income (loss)

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​

(31.7)

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​

0.2

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(31.5)

Balance June 30, 2026

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$

(70.0)

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$

(3.7)

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$

(73.7)

Schedule of other expense (income)

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Three Months Ended

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Six Months Ended

(In millions)

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June 30, 2026

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June 30, 2025

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June 30, 2026

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June 30, 2025

Foreign currency transaction losses (gains)

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$

(0.4)

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$

(23.9)

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$

8.6

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$

(36.9)

Governmental assistance - International markets

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​

(0.5)

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(10.3)

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​

(0.5)

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​

(10.5)

Net periodic pension cost

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0.5

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0.3

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1.0

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0.6

Loss on extinguishment - Senior Secured Exchangeable Notes due 2030

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​

33.0

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—

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33.0

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—

Loss on extinguishment - Odeon Senior Secured Notes due 2027

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30.1

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—

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30.1

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—

Debt modifications - third party fees

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—

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—

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0.3

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—

Increase (decrease) in fair value of bifurcated embedded derivative - 6.00%/8.00% Cash/PIK Toggle Senior Secured Exchangeable Notes due 2030

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9.8

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3.9

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2.7

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(41.2)

Increase (decrease) in fair value of bifurcated embedded derivative - Senior Secured Exchangeable Notes due 2030

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41.3

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—

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(11.1)

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—

Equity in earnings of non-consolidated entities

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(4.0)

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(2.1)

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(6.7)

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(2.9)

Business interruption insurance recoveries

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​

(0.2)

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—

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(0.2)

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—

Total other expense (income)

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$

109.6

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$

(32.1)

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$

57.2

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$

(90.9)