XML 84 R64.htm IDEA: XBRL DOCUMENT v3.22.4
Settlement Assets and Obligations - Summary of Activity in the Allowance for Credit Losses (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Summary of activity in allowance for credit losses      
Allowance for credit losses, Beginning Balance $ 23.7    
Allowance for credit losses, Ending Balance 13.0 $ 23.7  
Receivables from agents and others      
Summary of activity in allowance for credit losses      
Allowance for credit losses, Beginning Balance 18.0 49.3 $ 20.4
Current period provision for expected credit losses [1] 14.1 8.9 39.9
Write-offs charged against the allowance (20.9) (44.8) (11.9)
Recoveries of amounts previously written off 4.7 6.8 2.3
Impacts of foreign currency exchange rates, divestitures and other (4.5) (2.2) (1.4)
Allowance for credit losses, Ending Balance 11.4 18.0 49.3
Receivables from Business Solutions customers      
Summary of activity in allowance for credit losses      
Allowance for credit losses, Beginning Balance 5.7 3.9 4.5
Current period provision for expected credit losses [1] 3.8 4.2 2.0
Write-offs charged against the allowance (1.5) (2.1) (3.1)
Impacts of foreign currency exchange rates, divestitures and other (6.4) (0.3) 0.5
Allowance for credit losses, Ending Balance $ 1.6 $ 5.7 $ 3.9
[1] Provision does not include losses from chargebacks or fraud associated with transactions initiated through the Company’s digital channels, as these losses are not credit-related. The Company recognized losses that were not credit-related of $37.5 million, $51.4 million, and $41.3 million for the years ended December 31, 2022, 2021, and 2020, respectively.