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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 682.6 $ 975.8
Restricted cash 1,095.7 1,254.2
Accounts receivable, net 3,966.4 3,428.5
Investment securities 3,322.5 3,022.1
Securitized accounts receivable, restricted 138.7 129.4
Prepaid expenses and other current assets 177.2 125.3
Total current assets 9,383.1 8,935.3
Property, equipment and capitalized software (net of accumulated depreciation of $597.0 in 2024 and $544.2 in 2023) 256.9 242.9
Goodwill 3,006.2 3,015.7
Other intangible assets (net of accumulated amortization of $1,457.5 in 2024 and $1,359.1 in 2023) 1,362.0 1,458.7
Investment securities 65.7 66.8
Deferred income taxes, net 14.6 13.7
Other assets 158.4 149.0
Total assets 14,246.9 13,882.1
Liabilities and Stockholders’ Equity    
Accounts payable 1,734.1 1,479.1
Accrued expenses and other current liabilities 702.9 802.7
Restricted cash payable 1,095.1 1,253.5
Short-term deposits 4,288.8 3,942.8
Short-term debt, net 1,248.6 1,041.1
Total current liabilities 9,069.6 8,519.2
Long-term debt, net 2,959.6 2,827.5
Long-term deposits 0.0 129.8
Deferred income taxes, net 132.6 129.5
Other liabilities 301.6 455.5
Total liabilities 12,463.3 12,061.5
Stockholders’ Equity    
Common stock $0.01 par value; 175.0 shares authorized; 50.3 shares issued in 2024 and 49.9 in 2023; 41.5 shares outstanding in 2024 and 41.9 in 2023 0.5 0.5
Additional paid-in capital 1,099.6 1,053.0
Retained earnings 1,899.9 1,757.1
Accumulated other comprehensive loss (281.2) (229.2)
Treasury stock at cost; 8.8 and 8.0 shares in 2024 and 2023, respectively (935.3) (760.8)
Total stockholders’ equity 1,783.5 1,820.6
Total liabilities and stockholders’ equity $ 14,246.9 $ 13,882.1
Common stock, shares, outstanding (in shares) 41.5 41.9