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v3.22.2.2

Derivatives - Narrative (Details) $ in Millions | 3 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) Derivative | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2021 USD ($)
Derivatives |  |  |  |  |  |  |  |  |  |
Total borrowings at par value | $ 2,625.0 |  |  |  | $ 2,625.0 |  |  | $ 3,025.0 |  |
Accumulated other comprehensive pre-tax gain (loss) to be reclassified into revenue within the next 12 months | 59.8 |  |  |  | 59.8 |  |  |  |  |
3.600% Notes Due 2022 |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Total borrowings at par value |  |  |  |  |  |  |  |  |  | $ 500.0
Stated interest rate (as a percent) |  |  |  |  |  |  |  |  |  | 3.60%
1.350% Notes Due 2026 |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Total borrowings at par value | $ 600.0 | [1] |  | $ 600.0 | $ 600.0 | [1] |  | $ 600.0 | [1] |
Stated interest rate (as a percent) | 1.35% |  |  | 1.35% | 1.35% |  |  | 1.35% |  |
Business Solutions |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Foreign exchange revenues | $ 39.3 |  | $ 99.5 |  | $ 151.5 |  | $ 271.4 |  |  |
Cash Flow Hedges | Interest rate contracts | 3.600% Notes Due 2022 |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Number of derivative instruments terminated | Derivative |  |  |  | 2 |  |  |  |  |  |
Deferred gain on termination of treasury locks |  |  |  | $ 2.6 |  |  |  |  |  |
Cash payment received for terminated swap agreement |  |  |  | 3.3 |  |  |  |  |  |
Gain on derivative recognized in Other income/(expense), net |  |  |  | $ 0.7 |  |  |  |  |  |
Designated as hedges | Foreign currency contracts |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Derivative policy - contract maturity period maximum |  |  |  |  | 36 months |  |  |  |  |
Derivative policy - targeted weighted-average maturity |  |  |  |  | 1 year |  |  |  |  |
Maximum remaining maturity of foreign currency derivatives |  |  |  |  | 24 months |  |  |  |  |
Derivative weighted-average maturity |  |  |  |  | 1 year |  |  |  |  |
Not designated as hedges | Foreign currency contracts | Business Solutions |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Notional amounts | $ 5,000.0 |  |  |  | $ 5,000.0 |  |  | $ 8,000.0 |  |
Minimum | Not designated as hedges | Uncollected Settlement Assets and Obligations |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts maturity range |  |  |  |  | 2 days |  |  |  |  |
Maximum | Not designated as hedges | Uncollected Settlement Assets and Obligations |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts maturity range |  |  |  |  | 1 month |  |  |  |  |
Maximum | Not designated as hedges | Foreign currency contracts | Business Solutions |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts maturity range |  |  |  |  | 1 year |  |  |  |  |
Maximum | Not designated as hedges | Foreign Currency Denominated Cash and Other Asset and Other Liability Positions |  |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts maturity range |  |  |  |  | 1 year |  |  |  |  |
[1] | The difference between the stated interest rate and the effective interest rate is not significant.

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