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Accounts Receivable, Net (Tables) | 6 Months Ended
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Jun. 30, 2024
Receivables [Abstract] |
Schedule of Changes in Reserves for Credit and Fraud Losses Related to Accounts Receivable | The following tables present changes in the accounts receivable allowances by portfolio segment:
| Three Months Ended June 30, 2024
(in millions) | Mobility |  | Corporate Payments |  | Benefits |  | Total
Balance, beginning of period | $ | 72.5 |  |  | $ | 9.2 |  |  | $ | 8.4 |  |  | $ | 90.1 |
Provision for credit losses(1) | 18.6 |  |  | 2.3 |  |  | (0.3) |  |  | 20.6 |
Charges to other accounts(2) | 3.0 |  |  | — |  |  | — |  |  | 3.0 |
Charge-offs | (29.5) |  |  | (0.8) |  |  | — |  |  | (30.3) |
Recoveries of amounts previously charged-off | 3.9 |  |  | — |  |  | — |  |  | 3.9 |
Currency translation | — |  |  | — |  |  | — |  |  | — |
Balance, end of period | $ | 68.5 |  |  | $ | 10.6 |  |  | $ | 8.1 |  |  | 87.2 |
| Three Months Ended June 30, 2023
(in millions) | Mobility |  | Corporate Payments |  | Benefits |  | Total
Balance, beginning of period | $ | 102.3 |  |  | $ | 14.4 |  |  | $ | 1.1 |  |  | $ | 117.8 |
Provision for credit losses(1) | 21.5 |  |  | 1.0 |  |  | 0.2 |  |  | 22.7 |
Charges to other accounts(2) | 7.5 |  |  | — |  |  | — |  |  | 7.5 |
Charge-offs | (41.3) |  |  | (0.9) |  |  | — |  |  | (42.2) |
Recoveries of amounts previously charged-off | 6.2 |  |  | — |  |  | — |  |  | 6.2 |
Currency translation | — |  |  | — |  |  | — |  |  | — |
Balance, end of period | $ | 96.2 |  |  | $ | 14.5 |  |  | $ | 1.3 |  |  | $ | 112.0 |
| Six Months Ended June 30, 2024
(In millions) | Mobility |  | Corporate Payments |  | Benefits |  | Total
Balance, beginning of period | $ | 72.8 |  |  | $ | 9.2 |  |  | $ | 8.1 |  |  | $ | 90.1 |
Provision for credit losses(1) | 39.3 |  |  | 3.6 |  |  | — |  |  | 43.0 |
Charges to other accounts(2) | 10.1 |  |  | — |  |  | — |  |  | 10.1 |
Charge-offs | (60.6) |  |  | (2.1) |  |  | — |  |  | (62.7) |
Recoveries of amounts previously charged-off | 7.1 |  |  | — |  |  | — |  |  | 7.1 |
Currency translation | (0.3) |  |  | (0.1) |  |  | — |  |  | (0.4) |
Balance, end of period | $ | 68.5 |  |  | $ | 10.6 |  |  | $ | 8.1 |  |  | $ | 87.2 |
| Six Months Ended June 30, 2023
(In millions) | Mobility |  | Corporate Payments |  | Benefits |  | Total
Balance, beginning of period | $ | 94.6 |  |  | $ | 14.4 |  |  | $ | 0.8 |  |  | $ | 109.8 |
Provision for credit losses(1) | 66.3 |  |  | 1.4 |  |  | 0.4 |  |  | 68.1 |
Charges to other accounts(2) | 15.3 |  |  | — |  |  | 0.1 |  |  | 15.4 |
Charge-offs | (90.7) |  |  | (1.5) |  |  | — |  |  | (92.2) |
Recoveries of amounts previously charged-off | 10.7 |  |  | — |  |  | — |  |  | 10.7 |
Currency translation | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
Balance, end of period | $ | 96.2 |  |  | $ | 14.5 |  |  | $ | 1.3 |  |  | $ | 112.0 |
(1)The provision is comprised of estimated credit losses based on the Company’s loss-rate experience and includes adjustments required for forecasted credit loss information. The provision for credit losses reported within this table also includes the provision for fraud losses. (2)Consists primarily of charges to other accounts. The Company earns revenue by assessing monthly finance fees on accounts with overdue balances. These fees are recognized as revenue at the time the fees are assessed. The finance fee is calculated using the greater of a minimum charge or a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. On occasion, these fees are waived to maintain relationship goodwill. Charges to other accounts substantially represent the offset against the late fee revenue recognized when the Company establishes a reserve for such waived amounts.
Schedule of Past Due Financing Receivables | The following table presents the outstanding balance of trade accounts receivable that are less than 30 and 60 days past due, shown in each case as a percentage of total trade accounts receivable:
Delinquency Status | June 30, 2024 |  | December 31, 2023
Less than 30 days past due | 99 | % |  | 98 | %
Less than 60 days past due | 99 | % |  | 99 | %

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