v3.26.1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table shows our effective tax rate for the three and six months ended June 30, 2026 and June 30, 2025:

 Three months ended June 30,Six months ended June 30,
(in millions)2026202520262025
Income before income taxes and equity in investments of unconsolidated entities$147.0 $116.5 $288.8 $225.0 
Equity in investments of unconsolidated entities(0.9)(1.2)(1.0)(3.8)
Income before income taxes$146.1 $115.3 $287.8 $221.2 
Income tax expense$38.3 $26.3 $72.9 $53.7 
Effective tax rate26.2 %22.8 %25.3 %24.3 %
Schedule of Gross Unrecognized Tax Benefits
(in millions)As of June 30, 2026As of December 31, 2025
Gross unrecognized tax benefits$13.4 $12.3 
Gross unrecognized tax benefits that would affect income tax expense$13.4 $12.3 
Decrease in income tax expense upon recognition of gross unrecognized tax benefits$13.0 $11.9 
Schedule of Liabilities for Unrecognized Tax Benefits
As of June 30, 2026, our Unaudited Consolidated Balance Sheet included a liability of $14.5 million for unrecognized tax benefits. As of December 31, 2025, our Consolidated Balance Sheet included a liability of $13.1 million for unrecognized tax benefits. These amounts include interest and penalties, less any associated tax benefits.