FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Below are our assets and liabilities that are measured at fair value:


	As of June 30, 2026								As of December 31, 2025
(In millions)	Carrying Value		Level 1		Level 2		Level 3		Carrying Value		Level 1		Level 2		Level 3
Recorded at fair value
Marketable securities
Restricted cash - collections	$105.8		$105.8		$—		$—		$131.3		$131.3		$—		$—
Restricted cash - reserve	34.3		34.3		—		—		34.3		34.3		—		—
Total money market funds	$140.1		$140.1		$—		$—		$165.6		$165.6		$—		$—

Equity securities	$8.8		$8.8		$—		$—		$2.4		$2.4		$—		$—

U.S. Treasury	$20.0		$20.0		$—		$—		$21.6		$21.6		$—		$—
Municipal debt	10.5		—		10.5		—		10.6		—		10.6		—
Corporate debt	27.6		—		27.6		—		21.8		—		21.8		—
Total debt securities	$58.1		$20.0		$38.1		$—		$54.0		$21.6		$32.4		$—

Equity Method Investment
PINE.L	$129.5		$129.5		$—		$—		$177.2		$177.2		$—		$—

Derivatives
Derivative assets	$0.1		$—		$0.1		$—		$0.7		$—		$0.7		$—
Derivative liabilities	0.1		—		0.1		—		0.7		—		0.7		—

Recorded at historical value
Fixed rate debt 1
4.625% Senior notes due 2027	$400.0		$396.5		$—		$—		$400.0		$398.0		$—		$—
3.875% Senior notes due 2029	800.0		763.0		—		—		800.0		770.0		—		—
5.500% Senior notes due 2030	600.0		592.5		—		—		600.0		602.3		—		—
4.375% Senior notes due 2031	550.0		519.1		—		—		550.0		526.6		—		—
Non-recourse notes payable	2,741.4		—		2,738.1		—		2,473.9		—		2,489.0		—
Real estate mortgages and other debt	694.3		—		694.3		—		730.0		—		703.8		—

1Excluding unamortized debt issuance costs