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Divestitures, Investment Activities, and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2022
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 Sheets (in millions). These balances are subject to regulatory capital requirements which will be finalized upon the third close.

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Cash and cash equivalents

 

$

5.2

 

 

$

37.7

 

Settlement assets

 

 

74.9

 

 

 

566.0

 

Property and equipment, net of accumulated depreciation of $1.0 and $19.3, respectively

 

 

0.7

 

 

 

6.3

 

Goodwill

 

 

61.4

 

 

 

532.0

 

Other intangible assets, net of accumulated amortization of $9.8 and $360.2, respectively

 

 

1.4

 

 

 

50.4

 

Other assets

 

 

118.0

 

 

 

260.5

 

Total assets

 

$

261.6

 

 

$

1,452.9

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

18.2

 

 

$

61.6

 

Settlement obligations

 

 

74.9

 

 

 

566.0

 

Other liabilities

 

 

89.4

 

 

 

194.3

 

Total liabilities

 

$

182.5

 

 

$

821.9

 
Schedule of Changes to Goodwill and Accumulated Impairment Losses

The following tables present changes to goodwill for the years ended December 31, 2022 and 2021 and the accumulated impairment losses as of December 31, 2022, 2021, and 2020 (in millions):

 

 

 

Consumer-to-

 

 

Business

 

 

 

 

 

 

 

 

 

Consumer

 

 

Solutions(a)

 

 

Other

 

 

Total

 

January 1, 2021 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

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Divestiture(a)

 

 

—

 

 

 

(470.6

)

 

 

—

 

 

 

(470.6

)

December 31, 2022 goodwill, net

 

$

1,980.7

 

 

$

61.4

 

 

$

53.9

 

 

$

2,096.0

 

 

(a)
Related to the Business Solutions divestiture, as described above.

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Goodwill, gross

 

$

2,125.6

 

 

$

3,030.6

 

 

$

3,030.6

 

Accumulated impairment losses

 

 

(29.6

)

 

 

(464.0

)

 

 

(464.0

)

Goodwill, net(a)

 

$

2,096.0

 

 

$

2,566.6

 

 

$

2,566.6

 

 

(a)
As of December 31, 2022 and 2021, Goodwill of $61.4 million and $532.0 million, respectively, 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 related to the Business Solutions business.