v3.25.4
SEGMENT REPORTING - Reconciliation (Details)
$ in Millions
 6 Months Ended 12 Months Ended
Aug. 06, 2025
USD ($)
Jul. 01, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
item
Dec. 31, 2024
USD ($)
item
Dec. 31, 2023
USD ($)
item
SEGMENT REPORTING            
Net loss       $ (632.4) $ (352.6) $ (396.6)
Income tax provision       4.5 2.1 3.4
Interest expense       530.2 443.7 411.2
Depreciation and amortization       313.4 319.5 365.0
Impairment of long-lived assets       43.5 72.3 106.9
Certain operating expense       14.6 5.4 2.5
Equity in earnings of non-consolidated entities       (6.8) (12.4) (7.7)
Attributable EBITDA       2.3 1.9 2.2
Investment income       (32.1) (16.3) (15.5)
Other expense (income)       129.8 (141.8) (61.3)
General and administrative - unallocated:            
Merger, acquisition and other costs       3.6 0.1 1.7
Stock-based compensation expense       16.9 22.0 42.5
Adjusted EBITDA       387.5 343.9 454.3
Interest income       (8.0) (19.2) (15.4)
Impairment of equity investments recorded in investment income       10.3   1.0
(Gain)/Loss on extinguishment of debt       196.0 (38.9) (142.8)
Change in fair value of derivative       (37.4) (75.8)  
Term Loan modifications - third party fees $ 3.1     3.1 42.3  
Foreign currency transaction (gains) losses       (28.1) 7.0 (17.8)
Vender dispute settlement         (36.2)  
Shareholder Litigation            
General and administrative - unallocated:            
Litigation expense (income)       (3.8) (40.2) 110.2
Hycroft            
General and administrative - unallocated:            
Losses (gain) on investment       (34.4) 2.9 12.6
New exchangeable notes            
General and administrative - unallocated:            
Change in fair value of derivative     $ 19.3 19.3    
Exchangeable Notes            
General and administrative - unallocated:            
(Gain)/Loss on extinguishment of debt   $ 103.3   103.3    
Change in fair value of derivative       (56.7) (75.8)  
Attributable EBITDA            
SEGMENT REPORTING            
Income tax provision       0.1   0.1
Depreciation and amortization       1.4 1.3 1.4
Equity in earnings of non-consolidated entities       (6.8) (12.4) (7.7)
Attributable EBITDA       2.3 1.9 2.2
Investment income       (0.5) (0.4) (0.6)
Interest expense       0.2 0.1 0.2
General and administrative - unallocated:            
Equity in (earnings) of non-consolidated entities excluding International theatre joint ventures       (5.7) (11.5) (6.6)
Equity in earnings (loss) of International theatre joint ventures       1.1 0.9 1.1
Other expense (income)            
General and administrative - unallocated:            
(Gain)/Loss on extinguishment of debt       196.0 (38.9) (142.8)
Term Loan modifications - third party fees       3.1 42.3  
Foreign currency transaction (gains) losses       (28.1) 7.0 (17.8)
Vender dispute settlement         (36.2)  
Litigation fees and expenses           99.3
Other expense (income) | Shareholder Litigation            
General and administrative - unallocated:            
Litigation expense (income)       (3.8) (40.2)  
Saudi Cinema Company            
General and administrative - unallocated:            
Equity in earnings related to sale           (15.5)
AC JV            
SEGMENT REPORTING            
Equity in earnings of non-consolidated entities       (4.8) (10.0) (4.9)
NCM            
General and administrative - unallocated:            
Impairment of other assets recorded in investment expense (income)           1.8
U. S. markets            
SEGMENT REPORTING            
Income tax provision       2.7   1.8
Depreciation and amortization       239.1 247.5 286.5
Impairment of long-lived assets       28.0 51.9 49.2
Equity in earnings of non-consolidated entities       (5.7) (10.7) (5.5)
General and administrative - unallocated:            
Stock-based compensation expense       15.8 20.0 38.3
Adjusted EBITDA       $ 346.0 $ 301.5 $ 391.1
Tangible asset impairment, number of theatres | item       47 39 68
Tangible asset impairment, number of screens | item       560 469 738
International markets            
SEGMENT REPORTING            
Income tax provision       $ 1.8 $ 2.1 $ 1.6
Depreciation and amortization       74.3 72.0 78.5
Impairment of long-lived assets       15.5 20.4 57.7
Equity in earnings of non-consolidated entities       (1.1) (1.7) (2.2)
General and administrative - unallocated:            
Stock-based compensation expense       1.1 2.0 4.2
Adjusted EBITDA       $ 41.5 $ 42.4 $ 63.2
Tangible asset impairment, number of theatres | item       20 23 57
Tangible asset impairment, number of screens | item       159 188 488