XML 86 R66.htm IDEA: XBRL DOCUMENT v3.22.4

Settlement Assets and Obligations - Components of Investment Securities (Details) - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Cash and cash equivalents

Amortized Cost

$ 1,285.9

$ 1,208.3

$ 1,428.2

Available-for-sale securities:

Amortized Cost

1,417.8

1,361.1

Fair Value

1,333.7

1,398.9

Gross Unrealized Gains

1.4

40.8

Gross Unrealized Losses

(85.5)

^[1]

(3.0)

Net Unrealized Gains/ (Losses)

(84.1)

37.8

Amortized Cost

1,429.5

1,369.0

Fair Value

1,345.4

1,406.8

Gross Unrealized Gains

1.4

40.8

Gross Unrealized Losses

(85.5)

^[1]

(3.0)

Net Unrealized Gains/ (Losses)

(84.1)

37.8

Money market funds | Settlement Assets

Cash and cash equivalents

Amortized Cost

11.7

7.9

Fair Value

11.7

7.9

State and municipal debt securities

Available-for-sale securities:

Amortized Cost

^[2]

1,010.5

1,182.6

Fair Value

^[2]

933.3

1,219.9

Gross Unrealized Gains

^[2]

0.3

39.8

Gross Unrealized Losses

^[2]

(77.5)

^[1]

(2.5)

Net Unrealized Gains/ (Losses)

^[2]

(77.2)

37.3

Asset-backed securities

Available-for-sale securities:

Amortized Cost

183.4

Fair Value

184.1

Gross Unrealized Gains

0.8

Gross Unrealized Losses

^[1]

(0.1)

Net Unrealized Gains/ (Losses)

0.7

Corporate and other debt securities

Available-for-sale securities:

Amortized Cost

153.5

58.1

Fair Value

146.9

57.8

Gross Unrealized Gains

0.3

0.2

Gross Unrealized Losses

(6.9)

^[1]

(0.5)

Net Unrealized Gains/ (Losses)

(6.6)

(0.3)

State and municipal variable rate demand notes

Available-for-sale securities:

Amortized Cost

48.9

84.8

Fair Value

48.9

84.8

United States government agency mortgage-backed securities

Available-for-sale securities:

Amortized Cost

21.5

35.6

Fair Value

20.5

36.4

Gross Unrealized Gains

0.8

Gross Unrealized Losses

^[1]

(1.0)

Net Unrealized Gains/ (Losses)

$ (1.0)

$ 0.8

[1]

As of December 31, 2022, the Company held 432 investment securities that were in an unrealized loss position, 324 of which have a total fair value of $871.9 million and unrealized losses of $57.2 million and have been in a loss position for less than twelve months and 108 of which have a total fair value of $186.6 million and unrealized losses of $28.3 million and have been in a loss position for greater than twelve months. As discussed above, the Company's provision for credit losses on its investment securities for the year ended December 31, 2022, and the related allowance for credit losses as of December 31, 2022 were immaterial, as the increase in unrealized losses was driven by a rise in U.S. Treasury interest rates over the year ended December 31, 2022.

[2]

The majority of these securities are fixed-rate instruments.

X

- Definition

Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563

+ Details

Name:	us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563

+ Details

Name:	us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3044-108585

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

+ References

No definition available.

+ Details

Name:	us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount, before tax, of unrealized gain (loss) in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

No definition available.

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amortized cost excluding accrued interest, before allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtSecuritiesAvailableforsaleAmortizedCostAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

This item represents the cost of debt and equity securities, which are not categorized as trading. For available-for-sale securities this amount is net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments, as defined), and fair value hedge accounting adjustments, if any. For held-to-maturity securities, this amount is before other than temporary impairment (OTTI) accretion.

+ References

No definition available.

+ Details

Name:	wu_AvailableForSaleAndHeldToMaturitySecuritiesAmortizedCost
Namespace Prefix:	wu_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value of investments in debt and equity securities classified as available-for-sale and held-to-maturity.

+ References

No definition available.

+ Details

Name:	wu_AvailableForSaleAndHeldToMaturitySecuritiesFairValue
Namespace Prefix:	wu_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Total accumulated gross unrealized gain for securities classified as either available-for-sale or held-to-maturity. For available-for-sale securities, it is the amount before tax of unrealized gain in accumulated other comprehensive income on investments in debt and equity securities. For held-to-maturity securities, is is the amount of accumulated unrealized gain on investments in debt securities.

+ References

No definition available.

+ Details

Name:	wu_Availableforsaleandheldtomaturitysecuritiesaccumulatedgrossunrealizedgain
Namespace Prefix:	wu_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Total accumulated gross unrealized gain (loss) for securities classified as either available-for-sale or held-to-maturity. For available for sale securities, it is the amount before tax of unrealized gain (loss) in accumulated other comprehensive income on investments in debt and equity securities. For held-to-maturity, it is the amount of the accumulated net unrecognized gain (loss) on investments in debt securities.

+ References

No definition available.

+ Details

Name:	wu_Availableforsaleandheldtomaturitysecuritiesaccumulatedgrossunrealizedgainloss
Namespace Prefix:	wu_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Total accumulated gross unrealized loss for securities classified as either available-for-sale or held-to-maturity. For available-for-sale securities, it is the amount before tax of unrealized loss in accumulated other comprehensive income on investments in debt and equity securities. For held-to-maturity securities, it is the amount of accumulated unrealized loss on investments in debt securities.

+ References

No definition available.

+ Details

Name:	wu_Availableforsaleandheldtomaturitysecuritiesaccumulatedgrossunrealizedloss
Namespace Prefix:	wu_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	wu_CashAmortizedCostAbstract
Namespace Prefix:	wu_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_MoneyMarketFundsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BalanceSheetLocationAxis=wu_SettlementAssetsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=wu_CorporateAndOtherDebtSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_VariableRateDemandObligationMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: