v3.26.1
Other Current Liabilities
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Other Current Liabilities Other Current Liabilities
Other current liabilities consisted of the following:
March 31, 2026December 31, 2025
Accrued payroll and employee benefits$118.7 $284.4 
Accrued legal and regulatory matters (Note 15)
71.8 62.2 
Deferred revenue (Note 11)
136.5 129.8 
Operating lease liabilities
19.1 19.8 
Income taxes payable13.1 7.0 
Other102.3 104.5 
Total other current liabilities$461.5 $607.6 

The decrease in accrued payroll and employee benefits is due primarily to bonuses paid during the first quarter of 2026 that were earned in 2025. Accrued payroll and employee benefits includes accrued employee separation expenses of $4.6 million and $10.7 million as of March 31, 2026 and December 31, 2025, respectively, in connection with a transformation plan to optimize our operating model that ended in 2025. Other includes an interest rate swap liability of $2.6 million and $12.0 million as of March 31, 2026 and December 31, 2025, respectively, as discussed in Note 13, “Fair Value.”