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Divestitures, Investment Activities, and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2021
Divestitures Investment Activities and Goodwill [Abstract]  
Schedule of Assets and Liabilities Held for Sale

The following table reflects the assets held for sale and associated liabilities of the Business Solutions business in the accompanying Consolidated Balance Sheet (in millions). These balances are subject to regulatory capital and other requirements and will be finalized upon the closing of the deal.

 

 

 

December 31,

 

 

 

2021

 

Cash and cash equivalents

 

$

37.7

 

Settlement assets

 

 

566.0

 

Property and equipment, net of accumulated depreciation of $19.3

 

 

6.3

 

Goodwill

 

 

532.0

 

Other intangible assets, net of accumulated amortization of $360.2

 

 

50.4

 

Other assets

 

 

260.5

 

Total assets

 

$

1,452.9

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

61.6

 

Settlement obligations

 

 

566.0

 

Other liabilities

 

 

194.3

 

Total liabilities

 

$

821.9

 
Schedule of Changes to Goodwill and Accumulated Impairment Losses

The following tables present changes to goodwill for the years ended December 31, 2021 and 2020 and the accumulated impairment losses as of December 31, 2021, 2020, and 2019 (in millions):

 

 

 

Consumer-to-

 

 

Business

 

 

 

 

 

 

 

 

 

Consumer

 

 

Solutions(a)

 

 

Other

 

 

Total

 

January 1, 2020 goodwill, net

 

$

1,980.7

 

 

$

532.0

 

 

$

53.9

 

 

$

2,566.6

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

December 31, 2020 goodwill, net

 

$

1,980.7

 

 

$

532.0

 

 

$

53.9

 

 

$

2,566.6

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

December 31, 2021 goodwill, net

 

$

1,980.7

 

 

$

532.0

 

 

$

53.9

 

 

$

2,566.6

 

 

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Goodwill, gross

 

$

3,030.6

 

 

$

3,030.6

 

 

$

3,030.6

 

Accumulated impairment losses

 

 

(464.0

)

 

 

(464.0

)

 

 

(464.0

)

Goodwill, net(a)

 

$

2,566.6

 

 

$

2,566.6

 

 

$

2,566.6

 

 

(a)
As of December 31, 2021, Goodwill of $532.0 million related to the Company's Business Solutions business is included in Assets held for sale on the Company's Consolidated Balance Sheets, as further described above. All of the Company's accumulated impairment losses relate to the Business Solutions business.