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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2024
Accounting Policies [Abstract] |
Schedule of Foreign Exchange Gains/Losses on Long-Term Intra-Equity Transactions | The Company recognized foreign exchange losses, which are recorded within Other expense, net in the Unaudited Consolidated Statements of Income, for the three months ended March 31, 2024 and 2023 as follows (in millions):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Foreign exchange losses | $ | 3.1 |  |  | $ | 0.7 |  |  |  |  |
The Company recorded foreign currency losses and gains on long-term intra-entity transactions included as a component of Foreign currency translation (losses) gains, net of tax, in the Unaudited Consolidated Statements of Comprehensive Income for the three months ended March 31, 2024 and 2023 as follows (in millions):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Foreign currency losses (gains) on long-term intra-entity transactions | $ | 12.4 |  |  | $ | (4.9) |  |  |  |  |
Disaggregation of Revenue | Revenues, net by segment for the three months ended March 31, 2024 and 2023 was as follows (in millions, except percentages):
Revenues, net by Segment* | Three Months Ended March 31, |  |
| 2024 |  | % |  | 2023 |  | % |  |  |  |  |  |  |  |
Vehicle Payments | $ | 494.1 |  |  | 53 | % |  | $ | 495.5 |  |  | 55 | % |  |  |  |  |  |  |  |
Corporate Payments | 265.4 |  |  | 28 | % |  | 226.2 |  |  | 25 | % |  |  |  |  |  |  |  |
Lodging Payments | 111.3 |  |  | 12 | % |  | 122.3 |  |  | 14 | % |  |  |  |  |  |  |  |
Other | 64.5 |  |  | 7 | % |  | 57.3 |  |  | 6 | % |  |  |  |  |  |  |  |
Consolidated revenues, net | $ | 935.3 |  |  | 100 | % |  | $ | 901.3 |  |  | 100 | % |  |  |  |  |  |  |  |
*Columns may not calculate due to rounding. Revenue by geography for the three months ended March 31, 2024 and 2023 was as follows (in millions, except percentages):
Revenues, net by Geography* | Three Months Ended March 31, |  |
| 2024 |  | % |  | 2023 |  | % |  |  |  |  |  |  |  |
United States | $ | 504.6 |  |  | 54 | % |  | $ | 513.6 |  |  | 57 | % |  |  |  |  |  |  |  |
Brazil | 148.4 |  |  | 16 | % |  | 121.7 |  |  | 14 | % |  |  |  |  |  |  |  |
United Kingdom | 121.4 |  |  | 13 | % |  | 107.7 |  |  | 12 | % |  |  |  |  |  |  |  |
Other | 160.8 |  |  | 17 | % |  | 158.2 |  |  | 18 | % |  |  |  |  |  |  |  |
Consolidated revenues, net | $ | 935.3 |  |  | 100 | % |  | $ | 901.3 |  |  | 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, 2024 and December 31, 2023 (in millions):
| March 31, 2024 |  | December 31, 2023
| Gross |  | Offset on the Balance Sheet |  | Net |  | Gross |  | Offset on the Balance Sheet |  | Net
Assets |  |  |  |  |  |  |  |  |  |  |
Accounts Receivable | $ | 1,881.7 |  |  | $ | (1,713.6) |  |  | $ | 168.1 |  |  | $ | 2,499.9 |  |  | $ | (2,373.8) |  |  | $ | 126.1 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 1,793.9 |  |  | $ | (1,713.6) |  |  | $ | 80.3 |  |  | $ | 2,457.3 |  |  | $ | (2,373.8) |  |  | $ | 83.5 |
The following table 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, 2024 and December 31, 2023 (in millions):
|  |  | March 31, 2024 |  | December 31, 2023
| Balance Sheet Classification |  | Fair Value
Derivative Assets | Prepaid expenses and other current assets |  | $ | 193.4 |  |  | $ | 254.2 |
Derivative Assets | Other assets |  | $ | 59.5 |  |  | $ | 66.0 |
Derivative Liabilities | Other current liabilities |  | $ | 131.4 |  |  | $ | 190.4 |
Derivative Liabilities | Other noncurrent liabilities |  | $ | 47.5 |  |  | $ | 54.3 |
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, 2024 and December 31, 2023 (in millions):
| March 31, 2024 |  | December 31, 2023
| Gross |  | Offset on the Balance Sheet |  | Net |  | Gross |  | Offset on the Balance Sheet |  | Net
Assets |  |  |  |  |  |  |  |  |  |  |
Accounts Receivable | $ | 1,881.7 |  |  | $ | (1,713.6) |  |  | $ | 168.1 |  |  | $ | 2,499.9 |  |  | $ | (2,373.8) |  |  | $ | 126.1 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 1,793.9 |  |  | $ | (1,713.6) |  |  | $ | 80.3 |  |  | $ | 2,457.3 |  |  | $ | (2,373.8) |  |  | $ | 83.5 |
The following table 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, 2024 and December 31, 2023 (in millions):
|  |  | March 31, 2024 |  | December 31, 2023
| Balance Sheet Classification |  | Fair Value
Derivative Assets | Prepaid expenses and other current assets |  | $ | 193.4 |  |  | $ | 254.2 |
Derivative Assets | Other assets |  | $ | 59.5 |  |  | $ | 66.0 |
Derivative Liabilities | Other current liabilities |  | $ | 131.4 |  |  | $ | 190.4 |
Derivative Liabilities | Other noncurrent liabilities |  | $ | 47.5 |  |  | $ | 54.3 |

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