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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
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,

 

 

 

2022

 

 

2021

 

 

2020

 

Basic weighted-average shares outstanding

 

 

387.2

 

 

 

406.8

 

 

 

412.3

 

Common stock equivalents

 

 

1.2

 

 

 

2.1

 

 

 

2.9

 

Diluted weighted-average shares outstanding

 

 

388.4

 

 

 

408.9

 

 

 

415.2

 

Schedule of Property and Equipment

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

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Equipment

 

$

464.6

 

 

$

607.7

 

Leasehold improvements and other

 

 

120.1

 

 

 

151.2

 

Furniture and fixtures

 

 

37.5

 

 

 

46.2

 

Projects in process

 

 

1.9

 

 

 

0.3

 

Total property and equipment, gross

 

 

624.1

 

 

 

805.4

 

Less accumulated depreciation

 

 

(513.8

)

 

 

(669.7

)

Property and equipment, net(a)

 

$

110.3

 

 

$

135.7

 

 

(a)
As of December 31, 2022 and 2021, Property and equipment, net includes Assets held for sale of $0.7 million and $6.3 million, respectively, 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, 2022

 

 

December 31, 2021

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

Net of

 

 

 

 

 

Net of

 

 

 

Period

 

Initial

 

 

Accumulated

 

 

Initial

 

 

Accumulated

 

 

 

(in years)

 

Cost

 

 

Amortization

 

 

Cost

 

 

Amortization

 

Capitalized contract costs

 

5.8

 

$

524.4

 

 

$

252.8

 

 

$

532.7

 

 

$

242.0

 

Internal use software

 

4.4

 

 

387.8

 

 

 

155.3

 

 

 

388.7

 

 

 

128.8

 

Acquired contracts

 

11.7

 

 

87.4

 

 

 

3.0

 

 

 

552.9

 

 

 

50.2

 

Acquired trademarks

 

25.4

 

 

30.2

 

 

 

9.6

 

 

 

30.1

 

 

 

10.8

 

Other intangibles

 

4.5

 

 

17.0

 

 

 

 

 

 

19.4

 

 

 

 

Projects in process(b)

 

(a)

 

 

38.6

 

 

 

38.6

 

 

 

35.7

 

 

 

35.7

 

Total other intangible assets(b)

 

6.3

 

$

1,085.4

 

 

$

459.3

 

 

$

1,559.5

 

 

$

467.5

 

 

(a)
Not applicable as the assets have not been placed in service.
(b)
Total other intangible assets, net includes Assets held for sale of $1.4 million as of December 31, 2022, and Projects in process and Total other intangible assets, net includes Assets held for sale of $2.3 million and $50.4 million, respectively, as of December 31, 2021, which consists of Other intangible assets associated with the Company's Business Solutions business as further described in Note 5.