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Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Amounts Reclassified from AOCL

The following table details reclassifications out of AOCL and into Net income. All amounts reclassified from AOCL affect the line items as indicated below and the amounts in parentheses indicate decreases to Net income in the Condensed Consolidated Statements of Income.


		Amounts Reclassified from AOCL to Net Income
				Three Months Ended								Six Months Ended
		Income Statement		June 30,								June 30,
Income for the period (in millions)		Location		2023				2022				2023				2022
Accumulated other comprehensive loss components:
Losses on investment securities:
Available-for-sale securities		Revenues		$	—			$	—			$	(0.1	)		$	(0.1	)
Total reclassification adjustments related to investment securities, net of tax					—				—				(0.1	)			(0.1	)
Gains/(losses) on cash flow hedges:
Foreign currency contracts		Revenues			7.8				13.9				16.0				14.9
Interest rate contracts		Interest expense			—				—				—				(0.1	)
Income tax expense		Provision for income taxes			(0.2	)			—				(0.2	)			—
Total reclassification adjustments related to cash flow hedges, net of tax					7.6			13.9				15.8				14.8
Foreign currency translation adjustments:
Foreign currency translation		Gain on divestiture of business			—				—				—				17.8
Total reclassification adjustments related to foreign currency translation adjustments, net of tax					—				—				—				17.8
Total reclassifications, net of tax				$	7.6			$	13.9			$	15.7			$	32.5

Schedule of Components of Accumulated Other Comprehensive Income/(Loss)

The following tables summarize the components of AOCL, net of tax in the accompanying Condensed Consolidated Balance Sheets (in millions):


		Investment				Hedging				Foreign Currency
		Securities				Activities				Translation				Total
As of December 31, 2022		$	(69.4	)		$	20.5			$	(119.0	)		$	(167.9	)
Unrealized gains/(losses)			24.1				(2.2	)			—				21.9
Tax benefit/(expense)			(4.2	)			0.1				—				(4.1	)
Amounts reclassified from AOCL into earnings, net of tax			0.1				(8.2	)			—				(8.1	)
As of March 31, 2023			(49.4	)			10.2				(119.0	)			(158.2	)
Unrealized losses			(13.8	)			(3.1	)			—				(16.9	)
Tax benefit/(expense)			2.4				(0.1	)			—				2.3
Amounts reclassified from AOCL into earnings, net of tax			—				(7.6	)			—				(7.6	)
As of June 30, 2023		$	(60.8	)		$	(0.6	)		$	(119.0	)		$	(180.4	)


		Investment				Hedging				Foreign Currency
		Securities				Activities				Translation				Total
As of December 31, 2021		$	30.4			$	18.7			$	(101.2	)		$	(52.1	)
Unrealized gains/(losses)			(63.6	)			6.2				—				(57.4	)
Tax benefit			11.9				—				—				11.9
Amounts reclassified from AOCL into earnings, net of tax			0.1				(0.9	)			(17.8	)			(18.6	)
As of March 31, 2022			(21.2	)			24.0				(119.0	)			(116.2	)
Unrealized gains/(losses)			(28.7	)			37.3				—				8.6
Tax benefit/(expense)			5.0				(0.3	)			—				4.7
Amounts reclassified from AOCL into earnings, net of tax			—				(13.9	)			—				(13.9	)
As of June 30, 2022		$	(44.9	)		$	47.1			$	(119.0	)		$	(116.8	)