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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE DISCLOSURE
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and
Non-PEO
NEOs
, and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
Year
 
Summary
Compensation
Table Total for
PEO
($)
 
Compensation
Actually Paid
to PEO
(1)(2)(3)
($)
 
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
 
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(1)(2)(3)
($)
 
Value of Initial Fixed
$100 Investment
based on
 
Net Income
($ Millions)
 
Defined
Consolidated
Adjusted
EBITDA
($ Millions)
(5)
 
TSR
($)
 
Industry
Index
TSR
($)
(4)
(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
2024
 
15,375,130
 
31,618,387
 
6,381,344
 
11,988,557
 
110.83
 
166.54
 
  302
 
1,514
2023
 
18,521,855
 
17,927,064
 
7,598,049
 
6,954,458
 
 81.75
 
131.60
 
(191)
 
1,338
2022
 
10,472,396
 
 (8,418,866)
 
3,113,025
 
(1,060,733)
 
 67.09
 
113.42
 
  282
 
1,363
2021
 
11,770,688
 
24,732,487
 
4,804,025
 
6,393,449
 
139.48
 
131.43
 
1,405
 
1,150
2020
 
 8,633,152
 
  8,154,145
 
3,031,546
 
3,632,585
 
116.32
 
 99.41
 
  356
 
1,057
 
(1)
Christopher A. Cartwright was our PEO for each year presented. Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining
Non-PEO
NEOs for each year presented, which includes the individuals listed below for each year presented.
 
2020
 
2021
 
2022
 
2023
 
2024
         
Todd M. Cello   Todd M. Cello   Todd M. Cello   Todd M. Cello   Todd M. Cello
Steven M. Chaouki   Steven M. Chaouki   Steven M. Chaouki   Steven M. Chaouki   Steven M. Chaouki
David M. Neenan   Abhi Dhar   Venkat Achanta   Venkat Achanta   Venkat Achanta
Heather J. Russell   Timothy J. Martin   Abhi Dhar   Timothy J. Martin   Todd C. Skinner
  David M. Neenan      
  David E. Wojczynski      
 
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized or received by the Company’s PEO and
non-PEO
NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Negative numbers reflect a reduction in the value of the equity compensation of the PEO and
Non-PEO
NEOs during the relevant period. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
Year
  
Summary
Compensation Table
Total for PEO
($)
  
Exclusion of Stock
Awards for PEO
($)
 
Inclusion of Equity
Values for PEO
($)
(A)
  
Compensation
Actually Paid to PEO
($)
2024
       15,375,130        (11,551,136 )       27,794,393        31,618,387
 
Year
  
Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)
  
Average Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
 
Average Inclusion of
Equity Values for
Non-PEO
NEOs
($)
(A)
  
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2024
       6,381,344        (4,495,775 )       10,102,988        11,988,557
 
  (A)
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
 
Year-End Fair

Value of
Equity
Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for PEO
($)
 
Change in
Fair Value
from Last Day
of Prior Year
to Last Day of
Year of
Unvested
Equity
Awards for
PEO
($)
 
Vesting-Date

Fair Value of
Equity
Awards
Granted During
Year that
Vested During
Year for PEO
($)
 
Change in
Fair Value
from Last Day
of Prior Year
to Vesting
Date of
Unvested
Equity
Awards that
Vested During
Year for PEO
($)
 
Fair Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for PEO
($)
 
Value of
Dividends or
Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
PEO
($)
 
Total -
Inclusion of
Equity Values
for PEO
($)
2024
      17,358,165       9,674,438             761,790                   27,794,393
 
Year
 
Average
Year-End Fair

Value of
Equity
Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for
Non-PEO

NEOs
($)
 
Average
Change in
Fair Value
from Last Day
of Prior Year
to Last Day of
Year of
Unvested
Equity
Awards for
Non-PEO

NEOs
($)
 
Average
Vesting-Date
Fair Value of
Equity
Awards
Granted During
Year that
Vested During
Year for
Non-PEO

NEOs
($)
 
Average
Change in
Fair Value
from Last Day
of Prior Year
to Vesting
Date of
Unvested
Equity
Awards that
Vested During
Year for
Non-PEO

NEOs
($)
 
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards
Forfeited
During Year
for
Non-PEO

NEOs
($)
 
Average Value
of Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
Non-PEO

NEOs
($)
 
Total -
Average
Inclusion of
Equity Values
for Non-PEO

NEOs
($)
2024
      6,356,426       3,482,135             264,427                   10,102,988
 
(4)
The “Industry Index TSR” set forth in this table utilizes the Dow Jones U.S. Financials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the Dow Jones U.S. Financials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined Defined Consolidated Adjusted EBITDA ($ Millions) to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2024. Defined Consolidated Adjusted EBITDA is a
non-GAAP
measure that, as described in our CD&A, is defined as Consolidated Adjusted EBITDA as reported in our 2024 Annual Report on Form
10-K,
further adjusted to eliminate the impact of foreign currency fluctuations, and to eliminate the impact of certain legal and regulatory expenses as approved by management and the Compensation Committee for annual incentive plan purposes. Other companies in our industry may calculate Consolidated Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.
       
Company Selected Measure Name Defined Consolidated Adjusted EBITDA        
Named Executive Officers, Footnote
(1)
Christopher A. Cartwright was our PEO for each year presented. Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining
Non-PEO
NEOs for each year presented, which includes the individuals listed below for each year presented.
 
2020
 
2021
 
2022
 
2023
 
2024
         
Todd M. Cello   Todd M. Cello   Todd M. Cello   Todd M. Cello   Todd M. Cello
Steven M. Chaouki   Steven M. Chaouki   Steven M. Chaouki   Steven M. Chaouki   Steven M. Chaouki
David M. Neenan   Abhi Dhar   Venkat Achanta   Venkat Achanta   Venkat Achanta
Heather J. Russell   Timothy J. Martin   Abhi Dhar   Timothy J. Martin   Todd C. Skinner
  David M. Neenan      
  David E. Wojczynski      
       
Peer Group Issuers, Footnote The “Industry Index TSR” set forth in this table utilizes the Dow Jones U.S. Financials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the Dow Jones U.S. Financials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
       
PEO Total Compensation Amount $ 15,375,130 $ 18,521,855 $ 10,472,396 $ 11,770,688 $ 8,633,152
PEO Actually Paid Compensation Amount $ 31,618,387 17,927,064 (8,418,866) 24,732,487 8,154,145
Adjustment To PEO Compensation, Footnote
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Negative numbers reflect a reduction in the value of the equity compensation of the PEO and
Non-PEO
NEOs during the relevant period. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
Year
  
Summary
Compensation Table
Total for PEO
($)
  
Exclusion of Stock
Awards for PEO
($)
 
Inclusion of Equity
Values for PEO
($)
(A)
  
Compensation
Actually Paid to PEO
($)
2024
       15,375,130        (11,551,136 )       27,794,393        31,618,387
 
Year
  
Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)
  
Average Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
 
Average Inclusion of
Equity Values for
Non-PEO
NEOs
($)
(A)
  
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2024
       6,381,344        (4,495,775 )       10,102,988        11,988,557
 
  (A)
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
 
Year-End Fair

Value of
Equity
Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for PEO
($)
 
Change in
Fair Value
from Last Day
of Prior Year
to Last Day of
Year of
Unvested
Equity
Awards for
PEO
($)
 
Vesting-Date

Fair Value of
Equity
Awards
Granted During
Year that
Vested During
Year for PEO
($)
 
Change in
Fair Value
from Last Day
of Prior Year
to Vesting
Date of
Unvested
Equity
Awards that
Vested During
Year for PEO
($)
 
Fair Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for PEO
($)
 
Value of
Dividends or
Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
PEO
($)
 
Total -
Inclusion of
Equity Values
for PEO
($)
2024
      17,358,165       9,674,438             761,790                   27,794,393
 
Year
 
Average
Year-End Fair

Value of
Equity
Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for
Non-PEO

NEOs
($)
 
Average
Change in
Fair Value
from Last Day
of Prior Year
to Last Day of
Year of
Unvested
Equity
Awards for
Non-PEO

NEOs
($)
 
Average
Vesting-Date
Fair Value of
Equity
Awards
Granted During
Year that
Vested During
Year for
Non-PEO

NEOs
($)
 
Average
Change in
Fair Value
from Last Day
of Prior Year
to Vesting
Date of
Unvested
Equity
Awards that
Vested During
Year for
Non-PEO

NEOs
($)
 
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards
Forfeited
During Year
for
Non-PEO

NEOs
($)
 
Average Value
of Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
Non-PEO

NEOs
($)
 
Total -
Average
Inclusion of
Equity Values
for Non-PEO

NEOs
($)
2024
      6,356,426       3,482,135             264,427                   10,102,988
       
Non-PEO NEO Average Total Compensation Amount $ 6,381,344 7,598,049 3,113,025 4,804,025 3,031,546
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,988,557 6,954,458 (1,060,733) 6,393,449 3,632,585
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Negative numbers reflect a reduction in the value of the equity compensation of the PEO and
Non-PEO
NEOs during the relevant period. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
Year
  
Summary
Compensation Table
Total for PEO
($)
  
Exclusion of Stock
Awards for PEO
($)
 
Inclusion of Equity
Values for PEO
($)
(A)
  
Compensation
Actually Paid to PEO
($)
2024
       15,375,130        (11,551,136 )       27,794,393        31,618,387
 
Year
  
Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)
  
Average Exclusion of
Stock Awards for
Non-PEO
NEOs
($)
 
Average Inclusion of
Equity Values for
Non-PEO
NEOs
($)
(A)
  
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2024
       6,381,344        (4,495,775 )       10,102,988        11,988,557
 
  (A)
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
 
Year-End Fair

Value of
Equity
Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for PEO
($)
 
Change in
Fair Value
from Last Day
of Prior Year
to Last Day of
Year of
Unvested
Equity
Awards for
PEO
($)
 
Vesting-Date

Fair Value of
Equity
Awards
Granted During
Year that
Vested During
Year for PEO
($)
 
Change in
Fair Value
from Last Day
of Prior Year
to Vesting
Date of
Unvested
Equity
Awards that
Vested During
Year for PEO
($)
 
Fair Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for PEO
($)
 
Value of
Dividends or
Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
PEO
($)
 
Total -
Inclusion of
Equity Values
for PEO
($)
2024
      17,358,165       9,674,438             761,790                   27,794,393
 
Year
 
Average
Year-End Fair

Value of
Equity
Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for
Non-PEO

NEOs
($)
 
Average
Change in
Fair Value
from Last Day
of Prior Year
to Last Day of
Year of
Unvested
Equity
Awards for
Non-PEO

NEOs
($)
 
Average
Vesting-Date
Fair Value of
Equity
Awards
Granted During
Year that
Vested During
Year for
Non-PEO

NEOs
($)
 
Average
Change in
Fair Value
from Last Day
of Prior Year
to Vesting
Date of
Unvested
Equity
Awards that
Vested During
Year for
Non-PEO

NEOs
($)
 
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards
Forfeited
During Year
for
Non-PEO

NEOs
($)
 
Average Value
of Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
Non-PEO

NEOs
($)
 
Total -
Average
Inclusion of
Equity Values
for Non-PEO

NEOs
($)
2024
      6,356,426       3,482,135             264,427                   10,102,988
       
Compensation Actually Paid vs. Total Shareholder Return
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid, Company TSR and Industry Index TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the Company’s cumulative TSR and the Dow Jones U.S. Financials Index TSR over the five most recently completed fiscal years.
 
 
LOGO
       
Compensation Actually Paid vs. Net Income
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs and our Net Income during the five most recently completed fiscal years.
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Defined Consolidated Adjusted EBITDA ($ Millions)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs and our Defined Consolidated Adjusted EBITDA during the five most recently completed fiscal years. Consolidated Adjusted EBITDA is calculated using the definition of Adjusted EBITDA disclosed in our 2024 Annual Report on Form
10-K,
adjusted to be on an organic, constant currency basis using each year’s planned exchange rates.
 
 
LOGO
       
Total Shareholder Return Vs Peer Group
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid, Company TSR and Industry Index TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the Company’s cumulative TSR and the Dow Jones U.S. Financials Index TSR over the five most recently completed fiscal years.
 
 
LOGO
       
Tabular List, Table
Tabular List of Most Important Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and
Non-PEO
NEOs for the fiscal year ended December 31, 2024 to Company performance. The measures in this table are not ranked.
 
 
Defined Consolidated Adjusted EBITDA
Defined Adjusted Diluted Earnings per Share
Relative TSR
Defined Consolidated Revenue
For additional details regarding our most important
performance
measures, please see the sections titled “2024 Executive Compensation Program—Annual Incentive Plan” and “2024 Executive Compensation Program—Long-Term Incentive Plan” in this proxy statement.
       
Total Shareholder Return Amount $ 110.83 81.75 67.09 139.48 116.32
Peer Group Total Shareholder Return Amount 166.54 131.6 113.42 131.43 99.41
Net Income (Loss) $ 302,000,000 $ (191,000,000) $ 282,000,000 $ 1,405,000,000 $ 356,000,000
Company Selected Measure Amount 1,514,000,000 1,338,000,000 1,363,000,000 1,150,000,000 1,057,000,000
PEO Name Christopher A. Cartwright        
Measure:: 1          
Pay vs Performance Disclosure          
Name Defined Consolidated Adjusted EBITDA        
Non-GAAP Measure Description Defined Consolidated Adjusted EBITDA is a
non-GAAP
measure that, as described in our CD&A, is defined as Consolidated Adjusted EBITDA as reported in our 2024 Annual Report on Form
10-K,
further adjusted to eliminate the impact of foreign currency fluctuations, and to eliminate the impact of certain legal and regulatory expenses as approved by management and the Compensation Committee for annual incentive plan purposes.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Defined Adjusted Diluted Earnings per Share        
Measure:: 3          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 4          
Pay vs Performance Disclosure          
Name Defined Consolidated Revenue        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 27,794,393        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 17,358,165        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,674,438        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 761,790        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Exclusion Of Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (11,551,136)        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,102,988        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,356,426        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,482,135        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 264,427        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Exclusion Of Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,495,775)