v3.26.1
Investments in Affiliated Companies
 3 Months Ended
Mar. 31, 2026
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Equity Method Investments and Joint Ventures Disclosure Investments in Affiliated Companies
Investments in affiliated companies, which are included in other assets in the Consolidated Balance Sheets, consisted of the following:
March 31, 2026December 31, 2025
Cost Method Investments
$153.8 $171.1 
Equity method investments (Note 2)
11.3 57.8 
Limited partnership investment
4.8 3.7 
Total investments in affiliated companies (Note 6)
$169.9 $232.6 
During the three months ended March 31, 2026, we acquired a controlling interest in Trans Union de Mexico, an entity we previously held as an equity method investment, as further discussed in Note 2, “Business Acquisitions,” resulting in a decrease in equity method investments. We also sold two Cost Method Investments and converted notes receivable, previously included
within Other Assets on the Consolidated Balance Sheets as of December 31, 2025, into equity shares in the issuer and have partially impaired that equity investment, resulting in a net decrease in Cost Method Investments.
Gains and losses on our Cost Method Investments, which are included in other income and (expense), net in the Consolidated Statements of Operations, for the periods presented in the table below are as follows:
Three Months Ended March 31,
20262025
Current period gains
$18.8 $— 
Current period losses
(11.7)(10.4)
Gains on Cost Method Investments for the three months ended March 31, 2026 relates to the sale of two investments in nonconsolidated affiliates as discussed above, while the loss during the three months ended March 31, 2026 relates to an impairment loss.
Cumulative unrealized gains and losses on our Cost Method Investments that we owned as of March 31, 2026 and December 31, 2025, as shown in our Cost Method Investment balances in the table above, were as follows:
March 31, 2026December 31, 2025
Cumulative unrealized gains$46.3 $50.8 
Cumulative unrealized losses(41.4)(35.0)
During the three months ended March 31, 2026, Earnings from equity method investments, which are included in other non-operating income and expense in the Consolidated Statements of Operations, consisted of the following:
Three Months Ended March 31,
20262025
Earnings from equity method investments (Note 2 and Note 14)
$6.5 $4.3 
Dividends from equity method investments
23.0 —