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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 109.6 $ 137.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40.9 42.0
Amortization of debt issuance cost and debt discount 0.5 0.7
Provision for accounts receivable credit losses 0.2 0.2
Provision for deferred income taxes (17.8) (5.8)
Stock-based compensation expense 9.1 11.7
Loss on disposal of property and equipment 0.1  
Impairment charge of investment   0.6
Equity loss in investments 3.1 0.4
Changes in assets and liabilities:    
Accounts receivable (56.2) (37.6)
Restricted cash and cash equivalents (margin deposits and clearing funds) 1,064.4 447.9
Income taxes receivable 42.7 53.1
Other current assets 0.3 (12.8)
Other assets (15.7) (6.1)
Accounts payable and accrued liabilities 2.8 (2.5)
Section 31 fees payable (4.6) (60.6)
Deferred revenue 11.2 11.0
Income taxes payable 24.5 3.1
Unrecognized tax benefits 56.0 9.5
Other liabilities (11.3) 7.1
Net cash provided by operating activities 1,259.8 599.1
Cash flows from investing activities:    
Purchases of available-for-sale financial investments (20.8) (71.0)
Proceeds from maturities of available-for-sale financial investments 8.6 67.6
Contributions to investments (1.9)  
Purchases of property and equipment and leasehold improvements (10.8) (9.9)
Net cash used in investing activities (24.9) (13.3)
Cash flows from financing activities:    
Proceeds from long-term debt 298.6  
Principal payments of current portion of long-term debt   (20.0)
Debt issuance costs (4.8)  
Cash dividends on common stock (51.4) (45.3)
Repurchases of common stock from employee stock plans (8.4) (5.7)
Payment of contingent consideration from acquisition (17.4) (0.8)
Shares issued under employee stock purchase plan (0.1) (0.1)
Purchase of common stock (70.0) (47.6)
Net cash provided by (used in) financing activities 146.5 (119.5)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents 0.7 (0.5)
Increase in cash, cash equivalents, and restricted cash and cash equivalents 1,382.1 465.8
Cash, cash equivalents, and restricted cash and cash equivalents: Beginning of period 1,092.2 1,057.5
Cash, cash equivalents, and restricted cash and cash equivalents: End of period 2,474.3 1,523.3
Supplemental disclosure of cash transactions:    
Cash paid for income taxes 10.3 2.8
Cash paid for interest $ 8.8 $ 13.8