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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Significant Accounting Policies

Schedule of Diluted Weighted-average Shares Outstanding

The following table provides the calculation of diluted weighted-average shares outstanding (in millions):

		Year Ended December 31,
		2021				2020				2019
Basic weighted-average shares outstanding			406.8				412.3				427.6
Common stock equivalents			2.1				2.9				3.3
Diluted weighted-average shares outstanding			408.9				415.2				430.9

Schedule of Property and Equipment

Property and equipment consisted of the following (in millions):

		December 31,
		2021				2020
Equipment		$	607.7			$	608.9
Leasehold improvements and other			151.2				153.7
Furniture and fixtures			46.2				45.4
Projects in process			0.3				2.3
Total property and equipment, gross			805.4				810.3
Less accumulated depreciation			(669.7	)			(659.9	)
Property and equipment, net(a)		$	135.7			$	150.4

(a)As of December 31, 2021, Property and equipment, net includes Assets held for sale of $6.3 million, which consists of property and equipment of the Company's Business Solutions business, as further described in Note 5.

Schedule of Components of Other Intangible Assets

The following table provides the components of other intangible assets (in millions):

		December 31, 2021										December 31, 2020
		Weighted-
		Average
		Amortization						Net of								Net of
		Period		Initial				Accumulated				Initial				Accumulated
		(in years)		Cost				Amortization				Cost				Amortization
Capitalized contract costs		6.2		$	532.7			$	242.0			$	574.4			$	308.0
Internal use software		4.3			388.7				128.8				310.3				55.5
Acquired contracts		11.6			552.9				50.2				561.7				75.8
Acquired trademarks		25.4			30.1				10.8				30.1				12.0
Other intangibles		4.3			19.4				—				19.4				—
Projects in process(b)		(a)			35.7				35.7				53.7				53.7
Total other intangible assets(b)		8.0		$	1,559.5			$	467.5			$	1,549.6			$	505.0

(a)Not applicable as the assets have not been placed in service.

(b)As of December 31, 2021, Projects in process and Total other intangible assets, net includes Assets held for sale of $2.3 million and $50.4 million, respectively, which consists of Other intangible assets associated with the Company's Business Solutions business as further described in Note 5.

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