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Settlement Assets and Obligations - Schedule of Settlement Assets and Obligations (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
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Settlement assets: |  |  |  |
Cash and cash equivalents |  | $ 708.1 | $ 835.5 | $ 695.7
Receivables from agents, Business Solutions customers, and others |  | 1,533.2 | 1,198.8 |
Less: Allowance for credit losses |  | (13.0) | (23.7) |
Receivables from agents, Business Solutions customers, and others, net |  | 1,520.2 | 1,175.1 |
Investment securities |  | 1,333.7 | 1,398.9 |
Less: Allowance for credit losses |  | (0.3) |  |
Investment securities, net |  | 1,333.4 |  |
Total settlement assets | [1] | 3,561.7 | 3,409.5 |
Settlement obligations: |  |  |  |
Money transfer, money order, and payment service payables |  | 2,843.3 | 2,838.9 |
Payables to agents |  | 718.4 | 570.6 |
Total settlement obligations | [1] | $ 3,561.7 | $ 3,409.5 |
[1] | As of December 31, 2022 and 2021, both Settlement assets and Settlement obligations include $74.9 million and $566.0 million, respectively, classified as Assets held for sale and Liabilities associated with assets held for sale (see Note 5).

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