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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

The following tables present the Company’s reportable segment revenues:

			Three Months Ended June 30, 2024
(in millions)			Mobility						Corporate Payments						Benefits						Total
Payment processing revenue			$	177.2					$	116.2					$	24.9					$	318.4
Account servicing revenue			49.8						10.3						108.4						168.6
Finance fee revenue			77.7						(0.1)						0.1						77.8
Other revenue			54.8						7.6						46.3						108.7
Total revenues			$	359.6					$	134.1					$	179.8					$	673.5

			Three Months Ended June 30, 2023
(in millions)			Mobility						Corporate Payments						Benefits						Total
Payment processing revenue			$	172.2					$	104.7					$	23.6					$	300.5
Account servicing revenue			40.8						10.6						101.5						152.9
Finance fee revenue			76.3						0.1						—						76.4
Other revenue			50.9						6.5						34.1						91.5
Total revenues			$	340.2					$	121.9					$	159.2					$	621.3

			Six Months Ended June 30, 2024
(In millions)			Mobility						Corporate Payments						Benefits						Total
Payment processing revenue			$	347.9					$	219.4					$	53.1					$	620.4
Account servicing revenue			96.2						20.3						225.4						341.9
Finance fee revenue			147.7						0.2						0.2						148.1
Other revenue			106.7						16.7						92.3						215.8
Total revenues			$	698.5					$	256.6					$	371.0					$	1,326.1

			Six Months Ended June 30, 2023
(In millions)			Mobility						Corporate Payments						Benefits						Total
Payment processing revenue			$	343.7					$	194.8					$	50.1					$	588.6
Account servicing revenue			81.1						21.2						211.3						313.6
Finance fee revenue			156.7						0.3						0.1						157.1
Other revenue			101.0						10.4						62.6						174.0
Total revenues			$	682.5					$	226.7					$	324.1					$	1,233.3

Schedule of Reconciliation Of Segment Adjusted Operating Income To Income Before Income Taxes

The following table reconciles total segment adjusted operating income to income before income taxes:

			Three Months Ended June 30,																		Six Months Ended June 30,
(in millions)			2024						2023												2024						2023
Segment adjusted operating income
Mobility			$	154.3											$	150.3											$	285.4					$	289.1
Corporate Payments			74.4												66.3												139.0						115.5
Benefits			71.1												59.3												150.5						123.8
Total segment adjusted operating income			$	299.9											$	275.9											$	574.9					$	528.4
Reconciliation:
Total segment adjusted operating income			$	299.9											$	275.9											$	574.9					$	528.4
Less:
Unallocated corporate expenses			26.1												25.3												49.7						47.7
Acquisition-related intangible amortization			50.5												44.3												101.5						88.4
Other acquisition and divestiture related items			1.4												1.4												3.8						2.5
Stock-based compensation			33.3												36.5												60.0						62.6
Other costs			20.6												9.0												27.3						13.5
Operating income			168.1												159.4												332.6						313.7
Financing interest expense, net of financial instruments			(59.9)												(40.2)												(120.2)						(93.1)
Net foreign currency loss			(0.4)												(0.2)												(13.0)						(1.6)
Change in fair value of contingent consideration			(1.7)												(1.2)												(3.4)						(3.0)
Income before income taxes			$	106.1											$	117.8											$	196.1					$	216.0

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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