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Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Results | The following tables present the Company’s segment results for the years ended December 31, 2022, 2021, and 2020 (in millions):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Revenues: |  |  |  |  |  |  |  |  |
Consumer-to-Consumer |  | $ | 3,993.5 |  |  | $ | 4,394.0 |  |  | $ | 4,220.0 |
Business Solutions(a) |  |  | 196.9 |  |  |  | 421.8 |  |  |  | 356.1 |
Other |  |  | 285.1 |  |  |  | 255.0 |  |  |  | 258.9 |
Total consolidated revenues |  | $ | 4,475.5 |  |  | $ | 5,070.8 |  |  | $ | 4,835.0 |
Operating income: |  |  |  |  |  |  |  |  |
Consumer-to-Consumer |  | $ | 765.1 |  |  | $ | 977.6 |  |  | $ | 924.7 |
Business Solutions(a) |  |  | 58.5 |  |  |  | 95.5 |  |  |  | 24.4 |
Other |  |  | 100.8 |  |  |  | 50.0 |  |  |  | 55.0 |
Total segment operating income |  |  | 924.4 |  |  |  | 1,123.1 |  |  |  | 1,004.1 |
Restructuring-related expenses (Note 4)(b) |  |  | — |  |  |  | — |  |  |  | (36.8 | )
Russia/Belarus exit costs(c) |  |  | (10.0 | ) |  |  | — |  |  |  | — |
Business Solutions exit costs(c) |  |  | (7.7 | ) |  |  | — |  |  |  | — |
Operating expense redeployment program costs(d) |  |  | (21.8 | ) |  |  | — |  |  |  | — |
Total consolidated operating income |  | $ | 884.9 |  |  | $ | 1,123.1 |  |  | $ | 967.3 |
(a) On August 4, 2021, the Company entered into an agreement to sell its Business Solutions business to the Buyer, which will be completed in three closings, the first of which occurred on March 1, 2022. The second occurred on December 31, 2022, with the third expected to occur in the second quarter of 2023. The operations of the Business Solutions business to be sold in the third closing will continue to be included in Revenues and Operating income after the second closing. However, between the first and third closings, the Company is required to pay the Buyer a measure of profit from these operations, while owned by the Company, adjusted for other charges, and this expense is recognized in Other income/(expense), net in the Consolidated Statements of Income. (b) As described in Note 4, on August 1, 2019, the Company’s Board of Directors approved an overall plan to change the Company’s operating model and improve its business processes and cost structure by reducing its headcount and consolidating various facilities. For the year ended December 31, 2020, the Company incurred $36.8 million of expenses related to this plan. While certain of these expenses may be identifiable to the Company’s segments, primarily the Company’s Consumer-to-Consumer segment, the expenses are not included in the measurement of segment operating income provided to the CODM for purposes of assessing segment performance and decision making with respect to resource allocation. (c) Represents the exit costs incurred in connection with the Company's suspension of its operations in Russia and Belarus and the divestiture of the Business Solutions business, primarily related to severance and non-cash impairments of property and equipment, an operating lease ROU asset, and other intangible assets. While certain of the expenses are identifiable to the Company's segments, the expenses are not included in the measurement of segment operating income provided to the CODM for purposes of performance assessment and resource allocation. These expenses are therefore excluded from the Company's segment operating income results. (d) Represents severance, non-cash impairments of operating lease right-of-use assets and property and equipment, and other expenses associated with the Company's program to redeploy expenses in its cost base through optimizations in vendor management, real estate, marketing, and people costs. The expenses are not included in the measurement of segment operating income provided to the CODM for purposes of performance assessment and resource allocation. These expenses are therefore excluded from the Company’s segment operating income results.
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Consumer-to-Consumer |  | $ | 176.6 |  |  | $ | 181.6 |  |  | $ | 178.5 |
Business Solutions |  |  | — |  |  |  | 16.1 |  |  |  | 36.1 |
Other |  |  | 7.2 |  |  |  | 10.5 |  |  |  | 11.0 |
Total consolidated depreciation and amortization |  | $ | 183.8 |  |  | $ | 208.2 |  |  | $ | 225.6 |
Capital expenditures: |  |  |  |  |  |  |  |  |
Consumer-to-Consumer |  | $ | 198.8 |  |  | $ | 192.3 |  |  | $ | 133.5 |
Business Solutions |  |  | 0.2 |  |  |  | 5.2 |  |  |  | 10.3 |
Other |  |  | 9.2 |  |  |  | 17.1 |  |  |  | 13.0 |
Total consolidated capital expenditures |  | $ | 208.2 |  |  | $ | 214.6 |  |  | $ | 156.8 |
Information Concerning Principal Geographic Areas | Information concerning principal geographic areas was as follows (in millions):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Revenue: |  |  |  |  |  |  |  |  |
United States |  | $ | 1,575.1 |  |  | $ | 1,702.0 |  |  | $ | 1,678.4 |
International |  |  | 2,900.4 |  |  |  | 3,368.8 |  |  |  | 3,156.6 |
Total |  | $ | 4,475.5 |  |  | $ | 5,070.8 |  |  | $ | 4,835.0 |
Long-lived assets: |  |  |  |  |  |  |  |  |
United States |  | $ | 69.7 |  |  | $ | 82.0 |  |  | $ | 100.4 |
International |  |  | 40.6 |  |  |  | 53.7 |  |  |  | 50.0 |
Total(a) |  | $ | 110.3 |  |  | $ | 135.7 |  |  | $ | 150.4 |
(a) As of December 31, 2022 and 2021, Long-lived assets in International include Assets held for sale of $0.7 million and $4.9 million, respectively, and as of December 31, 2021, Long-lived assets in the United States include Assets held for sale of $1.4 million. These assets related to the Company's Business Solutions business, as further discussed in Note 5.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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