0001014473-26-000028 | 10-Q | XBRL Viewer

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Income Taxes (Narrative) (Details)	6 Months Ended
Income Taxes (Narrative) (Details)	Jun. 30, 2026 Rate
Income Tax Disclosure [Abstract]
Statutory federal rate	21.00%

Other Balance Sheet Items

6 Months Ended

Jun. 30, 2026

Balance Sheet Related Disclosures [Abstract]

Other Balance Sheet Items

Selected Balance Sheet Items

Other Current Assets

Other current assets consist of the following:


	June 30,		December 31,
	2026		2025
	(In millions)
Prepaid expenses	$	34.9	$	28.1
Prepaid registry fees	28.3		26.6
Taxes receivable	14.7		7.2
Accounts receivable, net	9.5		7.7
Other	0.8		2.4
Total other current assets	$	88.2	$	72.0

Property and Equipment, Net

Certain assets included in Property and equipment, net were classified as held for sale as of June 30, 2026 and December 31, 2025. These assets are not material.

Other Long-Term Assets

Other long-term assets consist of the following:


	June 30,		December 31,
	2026		2025
	(In millions)
Long-term prepaid expenses	$	9.8	$	6.5
Operating lease right-of-use asset	9.7		9.8
Long-term prepaid registry fees	8.7		8.4
Restricted cash	1.6		1.6
Other	2.3		2.5
Total other long-term assets	$	32.1	$	28.8

The prepaid registry fees in the tables above primarily relate to the fees the Company pays to ICANN for each annual term of .com domain name registrations and renewals which are deferred and amortized over the domain name registration term.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:


	June 30,		December 31,
	2026		2025
	(In millions)
Accounts payable and accrued expenses	$	13.1	$	13.8
Customer deposits	78.6		92.6
Taxes payable	61.3		64.0
Accrued employee compensation	52.8		77.2
Customer incentives payable	19.4		13.2
Interest payable	15.4		15.1
Accrued registry fees	14.7		13.4
Current operating lease liabilities	5.9		5.8
Other accrued liabilities	3.8		2.9
Total accounts payable and accrued liabilities	$	265.0	$	298.0

Customer deposits vary from period to period due to the timing of payments from certain large customers. Accrued employee compensation primarily consists of liabilities for employee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. Accrued employee incentive compensation as of December 31, 2025 was paid during the six months ended June 30, 2026.

Financial Instruments

6 Months Ended

Jun. 30, 2026

Financial Instruments, Owned, at Fair Value, by Type, Alternative [Abstract]

Financial Instruments

Cash, Cash Equivalents, and Marketable Securities

The following table summarizes the Company’s cash, cash equivalents, and marketable securities and the fair value categorization of the financial instruments measured at fair value on a recurring basis:


	June 30,		December 31,
	2026		2025
	(In millions)
Cash	$	16.2	$	18.5
Time deposits	2.2		1.9
Money market funds (Level 1)	737.7		243.3
Debt securities issued by the U.S. Treasury (Level 1)	279.6		318.4
Total	$	1,035.7	$	582.1

Cash and cash equivalents	$	840.9	$	307.9
Restricted cash (included in Other long-term assets)	1.6		1.6
Total Cash, cash equivalents, and restricted cash	842.5		309.5
Marketable securities	193.2		272.6
Total	$	1,035.7	$	582.1

The gross and net unrealized gains and losses included in the fair value of the debt securities were not significant for the periods presented. All of the debt securities held as of June 30, 2026 are scheduled to mature in less than one year.

Fair Value Measurements

The fair value of the Company’s investments in money market funds approximates their face value. Such instruments are included in Cash and cash equivalents. The fair value of the debt securities consisting of U.S. Treasury bills is based on their quoted market prices. Debt securities purchased with original maturities in excess of three months are included in Marketable securities. The fair value of the Company’s foreign currency forward contracts is based on foreign currency rates quoted by banks or foreign currency dealers and other public data sources. The fair value of all of these financial instruments is classified as Level 1 in the fair value hierarchy.

As of June 30, 2026, the Company’s other financial instruments include cash, accounts receivable, restricted cash, and accounts payable whose carrying values approximated their face values. The aggregate fair value of the Company’s current and long-term senior notes is $2.28 billion and $1.75 billion as of June 30, 2026 and December 31, 2025, respectively. Refer to Note 4, “Debt,” for details regarding the senior notes issued in June 2026. The fair values of these debt instruments are based on available market information from public data sources and are classified as Level 2.

Revenue

6 Months Ended

Jun. 30, 2026

Revenue Recognition [Abstract]

Revenue from Contract with Customer [Table Text Block]

Revenues

The Company generates revenues in the U.S.; Europe, the Middle East and Africa (“EMEA”); Australia, China, Japan, Singapore, and other Asia Pacific countries (“APAC”); and certain other countries, including Canada and Latin American countries.

The following table presents the Company’s revenues disaggregated by geography, based on the billing addresses of the Company’s customers:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(In millions)
U.S.	$	287.7	$	270.5	$	571.1	$	536.6
EMEA	75.9		68.8		149.4		135.8
APAC	47.5		45.5		95.5		89.9
Other	23.5		25.1		47.5		49.9
Total revenues	$	434.6	$	409.9	$	863.5	$	812.2

Revenues in the table above are attributed to the country of domicile and the respective regions in which registrars are located; however, this may differ from the regions where the registrars operate or where registrants are located. Revenues for each region may be impacted by registrars reincorporating, relocating, or from acquisitions or changes in affiliations of resellers. Revenues for each region may also be impacted by registrars domiciled in one region, registering domain names in another region.

Deferred Revenues

As payment for domain name registrations and renewals are due in advance of the Company’s performance, the Company records these amounts as deferred revenues. The increase in the deferred revenues balance for the six months ended June 30, 2026 was primarily driven by amounts billed in the six months ended June 30, 2026 for domain name registrations and renewals to be recognized as revenues in future periods, offset by refunds for domain name renewals deleted during the 45-day grace period, and $679.4 million of revenues recognized that were included in the deferred revenues balance at December 31, 2025. The balance of deferred revenues as of June 30, 2026 represents the Company’s aggregate remaining performance obligations. Amounts included in current deferred revenues are all expected to be recognized in revenues within 12 months,

except for a portion of deferred revenues that relates to domain name renewals that are deleted in the 45-day grace period following the transaction. The long-term deferred revenues amounts will be recognized in revenues over several years, and in some cases, up to ten years.

Other Balance Sheet Items (Other Current Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Payables and Accruals [Abstract]
Prepaid Expense	$ 34.9	$ 28.1
Prepaid registry fees, current	28.3	26.6
Income Taxes Receivable	14.7	7.2
Accounts Receivable, after Allowance for Credit Loss, Current	9.5	7.7
Other Assets, Miscellaneous, Current	0.8	2.4
Other Assets, Current	$ 88.2	$ 72.0

Stock-Based Compensation (Classification Of Stock-Based Compensation) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 19.4	$ 15.9	$ 38.5	$ 33.4
Share-based Payment Arrangement, Amount Capitalized	0.3	0.3	0.5	0.5
Share-based Payment Arrangement, Expensed and Capitalized, Amount	19.7	16.2	39.0	33.9
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs, by Report Line [Axis]: us-gaap:CostOfRevenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	2.4	2.2	4.7	4.3
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs, by Report Line [Axis]: us-gaap:ResearchAndDevelopmentExpense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	3.0	2.8	6.0	5.6
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs, by Report Line [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 14.0	$ 10.9	$ 27.8	$ 23.5

Segment Reporting (Narrative) (Details)	6 Months Ended
Segment Reporting (Narrative) (Details)	Jun. 30, 2026 numberOfReportableSegments
Segment Reporting [Abstract]
Number of Reportable Segments	1
Segment Reporting, Expense Information Used by CODM, Description	The chief operating decision maker assesses performance and decides how to allocate resources based on revenues, operating income and net income as reported on the Consolidated Statements of Comprehensive Income.
Segment Reporting, Other Segment Item, Composition, Description	Other segment items that are a part of the Company’s segment net income include professional services expenses, telecommunication expenses, legal expenses, occupancy expenses, and other miscellaneous expenses.

Stockholders' Deficit (Subsequent Events) (Details) - USD ($) $ / shares in Units, $ in Millions	7 Months Ended
	Jul. 23, 2026	Jul. 20, 2026	Jun. 30, 2026
Subsequent Event [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 666.0
Subsequent Event [Member]
Subsequent Event [Line Items]
Additional share repurchase amount authorized	$ 884.2
Stock Repurchase Program, Remaining Authorized Repurchase Amount	615.8
Stock Repurchase Program, Authorized Amount	$ 1,500.0
Common Stock, Dividends, Per Share, Declared		$ 0.81

Stockholders' Deficit (Dividends Declared) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.81	$ 0.81	$ 0.77	$ 1.62	$ 0.77
Payments of Dividends	$ 73.6	$ 74.2		$ 147.8	$ 72.1

Debt	6 Months Ended
Debt	Jun. 30, 2026
Debt Disclosure [Abstract]
Debt Disclosure	Debt On June 26, 2026, the Company issued $550.0 million of 5.10% senior unsecured notes due July 15, 2031 (“2026 Notes”). The 2026 Notes were issued at 99.961% of par value. The Company will pay interest on the notes semi-annually on January 15 and July 15, commencing on January 15, 2027. The total discount and issuance costs of $5.0 million are presented on the balance sheet as a reduction of the debt obligation and are being amortized to Interest expense over the 5-year term of the notes. On June 18, 2026, the Company issued an irrevocable redemption notice on its $550.0 million aggregate principal amount of outstanding 4.75% senior unsecured notes issued in 2017 (“2017 Notes”) that were scheduled to mature on July 15, 2027. As such, current and long-term senior notes as of June 30, 2026 reflect the classification of $549.3 million of the Company’s 2017 Notes, net of unamortized debt issuance costs, as current liabilities. On July 20, 2026, the Company used the net proceeds from the 2026 Notes and cash on hand to redeem all of its 2017 Notes.

Other Balance Sheet Items (Components Of Accounts Payable And Accrued Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract]
Accounts payable	$ 13.1	$ 13.8
Deposits	78.6	92.6
Taxes Payable	61.3	64.0
Accrued employee compensation	52.8	77.2
customer incentives payable	19.4	13.2
Interest Payable	15.4	15.1
accrued fees	14.7	13.4
Operating Lease, Liability, Current	5.9	5.8
Other accrued liabilities	3.8	2.9
Total accounts payable and accrued liabilities	$ 265.0	$ 298.0

Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Fair Value Disclosures [Abstract]
Debt Instrument, Fair Value Disclosure	$ 2,280.0	$ 1,750.0

Non-operating Income, Net	6 Months Ended
Non-operating Income, Net	Jun. 30, 2026
Other Income and Expenses [Abstract]
Other Nonoperating Income and Expense	Non-operating Income, Net Non-operating income, net, primarily consists of interest income from the Company’s surplus cash balances and marketable securities. Interest income was $5.0 million and $10.2 million during the three and six months ended June 30, 2026, respectively, compared to $6.0 million and $13.9 million during the same periods in 2025. The decrease in interest income during the three and six months ended June 30, 2026 primarily reflects the lower amounts invested in debt securities in the current period and lower interest rates on the Company’s investments in debt securities compared to the prior period.

Document and Entity Information Document - shares shares in Millions	6 Months Ended
	Jun. 30, 2026	Jul. 17, 2026
Document And Entity Information [Abstract]
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	VRSN
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3221585
Entity Address, Postal Zip Code	20190
Document Transition Report	false
Document Quarterly Report	true
Entity Registrant Name	VERISIGN INC/CA
Entity Central Index Key	0001014473
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2026
Entity File Number	000-23593
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		90.3
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Address, Address Line One	12061 Bluemont Way,
Entity Address, City or Town	Reston,
Entity Address, State or Province	VA
City Area Code	703
Local Phone Number	948-3200
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false

Segment Reporting (Policies)	6 Months Ended
Segment Reporting (Policies)	Jun. 30, 2026
Segment Reporting [Abstract]
Segment Reporting, Policy	The chief operating decision maker assesses performance and decides how to allocate resources based on revenues, operating income and net income as reported on the Consolidated Statements of Comprehensive Income.

Revenue (Deferred Revenues) (Details) $ in Millions	6 Months Ended
Revenue (Deferred Revenues) (Details) $ in Millions	Jun. 30, 2026 USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue, Revenue Recognized	$ 679.4

Other Balance Sheet Items (Other Long Term Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Payables and Accruals [Abstract]
Prepaid Expense, Noncurrent	$ 9.8	$ 6.5
Operating lease ROU	9.7	9.8
prepaid registry fees, non current	8.7	8.4
Restricted Cash	1.6	1.6
Other Assets, Miscellaneous, Noncurrent	2.3	2.5
Other Assets, Noncurrent	$ 32.1	$ 28.8

Condensed Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 840.9	$ 307.9
Marketable securities	193.2	272.6
Other Assets, Current	88.2	72.0
Total current assets	1,122.3	652.5
Property and equipment, net	227.7	213.7
Goodwill	52.5	52.5
Deferred Income Tax Assets, Net	223.0	233.2
Deposits to acquire Intangible Assets	145.2	145.2
Other long-term assets	32.1	28.8
Total long-term assets	680.5	673.4
Total assets	1,802.8	1,325.9
Current liabilities:
Accounts payable and accrued liabilities	265.0	298.0
Deferred revenues	1,084.8	1,035.1
Senior Notes, Current	549.3	0.0
Total current liabilities	1,899.1	1,333.1
Long-term deferred revenues	364.1	349.4
Senior Notes	1,785.1	1,788.2
Other long-term liabilities	8.6	9.4
Total long-term liabilities	2,157.8	2,147.0
Total liabilities	4,056.9	3,480.1
Commitments and contingencies
Stockholders' deficit:
Preferred stock-par value $.001 per share	0.0	0.0
Common Stocks, Including Additional Paid in Capital	9,092.7	9,623.5
Accumulated deficit	(11,344.0)	(11,775.0)
Accumulated other comprehensive loss	(2.8)	(2.7)
Total stockholders' deficit	(2,254.1)	(2,154.2)
Total liabilities and stockholders' deficit	$ 1,802.8	$ 1,325.9
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	5.0	5.0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000.0	1,000.0
Common Stock, Shares, Issued	355.9	355.6
Common stock, outstanding shares	90.4	91.9

Stockholders' Deficit (Narrative) (Details) shares in Millions, $ in Millions	Jun. 30, 2026 USD ($) shares
Stockholders' Equity Note [Abstract]
Remaining common stock available for repurchase	$ 666.0
Stock Repurchased since Inception \| shares	265.4
Payments for Repurchase of Common Stock since Inception	$ 16,190.0

Basis Of Presentation	6 Months Ended
Basis Of Presentation	Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	Basis of Presentation Interim Financial Statements The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by VeriSign, Inc. (“Verisign” or the “Company”) in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, do not include all information and notes normally provided in audited financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals and other adjustments) considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of, nor comparable to, the results of operations for any other interim period or for a full fiscal year. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes contained in Verisign’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) filed with the SEC on February 5, 2026. Reclassifications Certain reclassifications have been made to prior period amounts to conform to current period presentation. Such reclassifications have no effect on net income as previously reported. Recent Accounting Pronouncements In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires additional disclosure of certain costs and expenses within the notes to the financial statements. This guidance will be effective for the Company’s 2027 Form 10-K. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In September 2025, the FASB issued ASU No. 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which clarifies and modernizes certain aspects of the accounting for and disclosure of internal-use software costs. The ASU does not change what types of costs are capitalized or when internal-use software cost capitalization ceases. This guidance will be effective for the Company in 2028. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements.

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 431.0	$ 406.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	13.0	17.2
Stock-based compensation	38.5	33.4
Other Noncash Income (Expense)	1.7	3.4
Changes in operating assets and liabilities
Other assets	(19.7)	(19.9)
Other Liabilities	(31.8)	(24.8)
Deferred revenues	64.5	75.5
Deferred Income Taxes	10.2	9.1
Net cash provided by operating activities	504.0	493.8
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]
Proceeds from maturities and sales of marketable securities	274.2	396.8
Purchases of marketable securities	(192.2)	(278.6)
Purchases of property and equipment	(26.0)	(13.6)
Net cash used in investing activities	56.0	104.6
Cash flows from financing activities:
Proceeds from Debt, Net of Issuance Costs	546.4	493.3
Payments for Repurchase of Common Stock	426.8	408.5
Payments of Dividends	(147.8)	(72.1)
Proceeds from employee stock purchase plans	(8.5)	(7.9)
Share Repurchase Program, Excise Tax, Payable	(7.9)	(11.6)
Repayments of Debt, Maturing in More than Three Months	0.0	(500.0)
Net cash used in financing activities	(27.6)	(491.0)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0.6	0.1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	533.0	107.5
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	309.5	212.1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	842.5	319.6
Supplemental cash flow disclosures:
Cash paid for interest	36.4	42.3
Cash paid for income taxes, net of refunds received	$ 125.5	$ 149.4

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	5.0	5.0
Preferred stock, issued shares	0.0	0.0
Preferred stock, outstanding shares	0.0	0.0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000.0	1,000.0
Common Stock, Shares, Issued	355.9	355.6
Common stock, outstanding shares	90.4	91.9

Financial Instruments (Cash, Cash Equivalents, and Marketable Securities) (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025	Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Cash	$ 16.2	$ 18.5
Time deposits	2.2	1.9
Money Market Funds (level 1)	737.7	243.3
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	279.6	318.4
Total	1,035.7	582.1
Included in Cash and cash equivalents	840.9	307.9
Restricted Cash Equivalent, Noncurrent	1.6	1.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	842.5	309.5	$ 319.6	$ 212.1
Included in Marketable securities	$ 193.2	$ 272.6

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2026
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false

Condensed Consolidated Statements of Stockholders' Deficit Statement - USD ($) $ in Millions	Total	Common Stock Including Additional Paid in Capital [Member]	Accumulated Deficit [Member]	AOCI Attributable to Parent [Member]
Statement [Line Items]
Stockholders' Deficit	$ (1,957.9)	$ 10,645.3	$ (12,600.7)	$ (2.5)
Stock Repurchased During Period, Value		(408.5)
Dividends, Common Stock, Cash		(72.1)
Stock-based compensation expense		33.9
Stock Issued During Period, Value, Employee Stock Purchase Plan		7.9
Excise tax on repurchase of common stock	(3.5)
Net Income	406.7		406.7
Other Comprehensive Income (Loss), Net of Tax	$ (0.3)			(0.3)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.77
Stockholders' Deficit	$ (1,977.0)	10,427.2	(12,401.4)	(2.8)
Stock Repurchased During Period, Value		(166.8)
Dividends, Common Stock, Cash		(72.1)
Stock-based compensation expense		16.2
Stock Issued During Period, Value, Employee Stock Purchase Plan		0.0
Excise tax on repurchase of common stock	(1.5)
Net Income	207.4		207.4
Other Comprehensive Income (Loss), Net of Tax	$ 0.0			0.0
Common Stock, Dividends, Per Share, Cash Paid	$ 0.77
Stockholders' Deficit	$ (1,993.8)	10,203.0	(12,194.0)	(2.8)
Stockholders' Deficit	$ (2,154.2)	9,623.5	(11,775.0)	(2.7)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.81
Stock Repurchased During Period, Value		(426.8)
Dividends, Common Stock, Cash		(147.8)
Stock-based compensation expense		39.0
Stock Issued During Period, Value, Employee Stock Purchase Plan		8.5
Excise tax on repurchase of common stock	$ (3.7)
Net Income	431.0		431.0
Other Comprehensive Income (Loss), Net of Tax	$ (0.1)			(0.1)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.62
Stockholders' Deficit	$ (2,213.4)	9,349.9	(11,560.5)	(2.8)
Stock Repurchased During Period, Value		(201.4)
Dividends, Common Stock, Cash		(73.6)
Stock-based compensation expense		19.7
Stock Issued During Period, Value, Employee Stock Purchase Plan		0.0
Excise tax on repurchase of common stock	(1.9)
Net Income	216.5		216.5
Other Comprehensive Income (Loss), Net of Tax	$ 0.0			0.0
Common Stock, Dividends, Per Share, Cash Paid	$ 0.81
Stockholders' Deficit	$ (2,254.1)	$ 9,092.7	$ (11,344.0)	$ (2.8)

Debt (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Extinguishment of Debt [Line Items]
Senior Notes, Current	$ 549.3	$ 0.0
Issued 2026 Notes
Extinguishment of Debt [Line Items]
Debt Instrument, Face Amount	$ 550.0
Debt Instrument, Interest Rate, Stated Percentage	5.10%
Debt Instrument, Issued Percentage	99.961%
Debt Issuance Costs, Gross	$ 5.0
Issued 2017 Notes
Extinguishment of Debt [Line Items]
Debt Instrument, Face Amount	$ 550.0
Debt Instrument, Interest Rate, Stated Percentage	4.75%