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Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2024
Valuation and Qualifying Accounts  
Valuation and Qualifying Accounts

Trade accounts receivable and accounts receivable balances included within the settlement assets are stated net of credit losses. Historically, the Company has not experienced significant write-offs. The Company records credit losses when it is probable that the accounts receivable balance will not be collected. 

The following table provides a summary of the credit loss balances and activity for the years ended December 31, 2024, 2023 and 2022:  

 

 

Year Ended December 31,

(in millions)

 

2024 

 

2023 

 

2022 

Beginning balance-credit losses

 

$

39.3

 

 

$

37.0

 

 

$

31.8

 

Additions-charged to expense 

 

18.7

 

 

13.3

 

 

16.3

 

Amounts written off

 

(23.9

 )

 

(9.8

)

 

(12.9

)

Other (primarily changes in foreign currency exchange rates)

 

1.8

 

(1.2

 )

 

1.8

Ending balance-credit losses

 

$

35.9

 

 

$

39.3

 

 

$

37.0