“Net income (in millions) Three months ended March 31, Change 2026 2025 Operating income $ 99.5 $ 147.4 $ (47.9) Interest expense, net (42.9) (42.2) (0.7) Loss on extinguishment of debt (0.6) — (0.6) Other expense, net (0.5) (19.5) 19.0 Income tax expense (12.2) (21.2) 9.0 Net income $ 43.3 $ 64.5 $ (21.2) Three months ended Net income for the three months ended March 31, 2026 decreased primarily due to lower operating income, as previously discussed, partially offset by the absence of pension termination charges incurred in the prior year and lower income tax expense from reduced taxable income.”
“The increase in sales and marketing costs in Q3 2025, compared to the comparable prior year period, is primarily due to severance costs and increased advertising expenses.”
“We have a $ 15.0 billion unsecured revolving credit facility with a syndicate of lenders (the “Credit Agreement”), with a term that extends to November 2028 and may be extended for one or more additional one-year terms subject to approval by the lenders.”