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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2021
Accounting Policies [Abstract] |
Schedule of Foreign Exchange Gains/Losses on Long-Term Intra-Equity Transactions | The Company recognized foreign exchange (losses) gains, which are recorded within other (income) expense, net in the Unaudited Consolidated Statements of Income for the three months ended March 31 as follows (in millions):
| Three Months Ended March 31,
| 2021 |  | 2020
Foreign exchange (losses) gains | (1.2) |  |  | 2.0 |
The Company recorded foreign currency losses on long-term intra-entity transactions included as a component of foreign currency translation losses, net of tax, in the Unaudited Consolidated Statements of Comprehensive Income for the three months ended March 31 as follows (in millions):
| Three Months Ended March 31,
| 2021 |  | 2020
Foreign currency losses on long-term intra-entity transactions | $ | (66.3) |  |  | $ | (164.1) |
Disaggregation of Revenue | Revenue by solution (in millions) for the three months ended March 31 was as follows:
Revenues, net by Solution Category* | Three Months Ended March 31, |  |
| 2021 |  | % |  | 2020 |  | % |  |  |  |  |  |  |  |
Fuel | $ | 262 |  |  | 43 | % |  | $ | 292 |  |  | 44 | % |  |  |  |  |  |  |  |
Corporate Payments | 116 |  |  | 19 | % |  | 120 |  |  | 18 | % |  |  |  |  |  |  |  |
Tolls | 69 |  |  | 11 | % |  | 83 |  |  | 13 | % |  |  |  |  |  |  |  |
Lodging | 59 |  |  | 10 | % |  | 57 |  |  | 9 | % |  |  |  |  |  |  |  |
Gift | 43 |  |  | 7 | % |  | 42 |  |  | 6 | % |  |  |  |  |  |  |  |
Other | 59 |  |  | 10 | % |  | 67 |  |  | 10 | % |  |  |  |  |  |  |  |
Consolidated revenues, net | $ | 609 |  |  | 100 | % |  | $ | 661 |  |  | 100 | % |  |  |  |  |  |  |  |
*Columns may not calculate due to rounding.
Revenue by geography (in millions) for the three months ended March 31 was as follows:
Revenues, net by Geography* | Three Months Ended March 31, |  |
| 2021 |  | % |  | 2020 |  | % |  |  |  |  |  |  |  |
United States | $ | 370 |  |  | 61 | % |  | $ | 398 |  |  | 60 | % |  |  |  |  |  |  |  |
Brazil | 82 |  |  | 13 | % |  | 99 |  |  | 15 | % |  |  |  |  |  |  |  |
United Kingdom | 76 |  |  | 12 | % |  | 74 |  |  | 11 | % |  |  |  |  |  |  |  |
Other | 81 |  |  | 13 | % |  | 91 |  |  | 14 | % |  |  |  |  |  |  |  |
Consolidated revenues, net | 609 |  |  | 100 | % |  | 661 |  |  | 100 | % |  |  |  |  |  |  |  |
*Columns may not calculate due to rounding.
Schedule of Derivative Assets at Fair Value | The following table presents the Company’s spot trade assets and liabilities at their fair value at March 31, 2021 and December 31, 2020 (in millions):
| March 31, 2021 |  | December 31, 2020
| Gross |  | Offset on the Balance Sheet |  | Net |  | Gross |  | Offset on the Balance Sheet |  | Net
Assets |  |  |  |  |  |  |  |  |  |  |
Accounts Receivable | $ | 975.7 |  |  | $ | (879.4) |  |  | $ | 96.3 |  |  | $ | 521.5 |  |  | $ | (478.2) |  |  | $ | 43.3 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 919.1 |  |  | $ | (879.4) |  |  | $ | 39.7 |  |  | $ | 527.5 |  |  | $ | (478.2) |  |  | $ | 49.3 |
The table below presents the fair value of the Company’s derivative assets and liabilities, as well as their classification on the accompanying Consolidated Balance Sheets, as of March 31, 2021 and December 31, 2020 (in millions).
|  |  |  | March 31, 2021 |  | December 31, 2020
|  | Balance Sheet Classification |  | Fair Value
Derivative Asset |  | Other current assets |  | $ | 107.3 |  |  | $ | 139.3 |
Derivative Asset |  | Other noncurrent assets |  | $ | 7.9 |  |  | $ | 16.6 |
Derivative Liability |  | Other current liabilities |  | $ | 86.5 |  |  | $ | 127.7 |
Derivative Liability |  | Other noncurrent liabilities |  | $ | 6.3 |  |  | $ | 12.5 |
Schedule of Derivative Liabilities at Fair Value | The following table presents the Company’s spot trade assets and liabilities at their fair value at March 31, 2021 and December 31, 2020 (in millions):
| March 31, 2021 |  | December 31, 2020
| Gross |  | Offset on the Balance Sheet |  | Net |  | Gross |  | Offset on the Balance Sheet |  | Net
Assets |  |  |  |  |  |  |  |  |  |  |
Accounts Receivable | $ | 975.7 |  |  | $ | (879.4) |  |  | $ | 96.3 |  |  | $ | 521.5 |  |  | $ | (478.2) |  |  | $ | 43.3 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 919.1 |  |  | $ | (879.4) |  |  | $ | 39.7 |  |  | $ | 527.5 |  |  | $ | (478.2) |  |  | $ | 49.3 |
The table below presents the fair value of the Company’s derivative assets and liabilities, as well as their classification on the accompanying Consolidated Balance Sheets, as of March 31, 2021 and December 31, 2020 (in millions).
|  |  |  | March 31, 2021 |  | December 31, 2020
|  | Balance Sheet Classification |  | Fair Value
Derivative Asset |  | Other current assets |  | $ | 107.3 |  |  | $ | 139.3 |
Derivative Asset |  | Other noncurrent assets |  | $ | 7.9 |  |  | $ | 16.6 |
Derivative Liability |  | Other current liabilities |  | $ | 86.5 |  |  | $ | 127.7 |
Derivative Liability |  | Other noncurrent liabilities |  | $ | 6.3 |  |  | $ | 12.5 |

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