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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2024
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 and nine months ended September 30, 2024 and 2023 as follows (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Foreign exchange losses (gains)
$(1.2)$6.4 $5.8 $6.2 
The Company recorded foreign currency losses and gains on long-term intra-entity transactions included as a component of foreign currency translation gains (losses), net of tax, in the Unaudited Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024 and 2023 as follows (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Foreign currency losses (gains) on long-term intra-entity transactions
$67.4 $(31.0)$148.2 $(43.4)
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to amounts within the Unaudited Consolidated Statements of Cash Flows (in millions).
September 30, 2024December 31, 2023September 30, 2023December 31, 2022
Cash and cash equivalents$1,303,464 $1,389,648 $1,094,234 $1,435,163 
Restricted cash2,851,547 1,751,887 1,702,040 854,017 
Total cash and cash equivalents and restricted cash$4,155,011 $3,141,535 $2,796,274 $2,289,180 
Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to amounts within the Unaudited Consolidated Statements of Cash Flows (in millions).
September 30, 2024December 31, 2023September 30, 2023December 31, 2022
Cash and cash equivalents$1,303,464 $1,389,648 $1,094,234 $1,435,163 
Restricted cash2,851,547 1,751,887 1,702,040 854,017 
Total cash and cash equivalents and restricted cash$4,155,011 $3,141,535 $2,796,274 $2,289,180 
Disaggregation of Revenue
Revenues, net by segment for the three and nine months ended September 30, 2024 and 2023 was as follows (in millions, except percentages):
Revenues, net by Segment*
Three Months Ended September 30,Nine Months Ended September 30,
2024%2023%2024%2023%
Vehicle Payments
$506.8 49 %$500.6 52 %$1,511.1 51 %$1,505.8 53 %
Corporate Payments321.9 31 %257.8 27 %875.7 30 %730.0 26 %
Lodging Payments
134.0 13 %141.4 15 %367.7 13 %400.3 14 %
Other66.5 6 %71.0 7 %185.6 6 %184.3 7 %
Consolidated revenues, net$1,029.2 100 %$970.9 100 %$2,940.2 100 %$2,820.4 100 %
*Columns may not calculate due to rounding.
Revenue by geography for the three and nine months ended September 30, 2024 and 2023 was as follows (in millions, except percentages):
Revenues, net by Geography*Three Months Ended September 30,Nine Months Ended September 30,
2024%2023%2024%2023%
United States$572.5 56 %$561.4 58 %$1,605.7 55 %$1,609.8 57 %
Brazil144.9 14 %134.2 14 %442.4 15 %382.0 14 %
United Kingdom131.3 13 %114.5 12 %377.2 13 %333.4 12 %
Other180.5 18 %160.8 17 %514.9 18 %495.2 18 %
Consolidated revenues, net$1,029.2 100 %$970.9 100 %$2,940.2 100 %$2,820.4 100 %
*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 September 30, 2024 and December 31, 2023 (in millions):
September 30, 2024December 31, 2023
Gross Offset on the Balance SheetNet GrossOffset on the Balance SheetNet
Assets
Accounts Receivable$3,630.2 $(3,424.7)$205.5 $2,499.9 $(2,373.8)$126.1 
Liabilities
Accounts Payable$3,510.4 $(3,424.7)$85.7 $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 September 30, 2024 and December 31, 2023 (in millions): 
September 30, 2024December 31, 2023
  Balance Sheet ClassificationFair Value
   
Derivative AssetsPrepaid expenses and other current assets$343.3 $254.2 
Derivative AssetsOther assets$132.2 $66.0 
Derivative LiabilitiesOther current liabilities$261.5 $190.4 
Derivative LiabilitiesOther noncurrent liabilities$125.4 $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 September 30, 2024 and December 31, 2023 (in millions):
September 30, 2024December 31, 2023
Gross Offset on the Balance SheetNet GrossOffset on the Balance SheetNet
Assets
Accounts Receivable$3,630.2 $(3,424.7)$205.5 $2,499.9 $(2,373.8)$126.1 
Liabilities
Accounts Payable$3,510.4 $(3,424.7)$85.7 $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 September 30, 2024 and December 31, 2023 (in millions): 
September 30, 2024December 31, 2023
  Balance Sheet ClassificationFair Value
   
Derivative AssetsPrepaid expenses and other current assets$343.3 $254.2 
Derivative AssetsOther assets$132.2 $66.0 
Derivative LiabilitiesOther current liabilities$261.5 $190.4 
Derivative LiabilitiesOther noncurrent liabilities$125.4 $54.3