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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 1,585.9 $ 1,285.9
Settlement assets 3,328.1 3,486.8
Property and equipment, net of accumulated depreciation of $449.7 and $512.8, respectively 96.3 109.6
Goodwill 2,034.6 2,034.6
Other intangible assets, net of accumulated amortization of $655.7 and $616.3, respectively 430.3 457.9
Other assets (Note 5) 771.6 859.9
Assets held for sale (Note 4) 240.6 261.6
Total assets 8,487.4 8,496.3
Liabilities:    
Accounts payable and accrued liabilities 418.2 464.0
Settlement obligations 3,328.1 3,486.8
Income taxes payable 635.4 725.3
Deferred tax liability, net 153.9 158.5
Borrowings [1] 2,813.0 2,616.8
Other liabilities 350.8 384.6
Liabilities associated with assets held for sale (Note 4) 161.5 182.5
Total liabilities 7,860.9 8,018.5
Commitments and contingencies (Note 6)
Stockholders' equity    
Preferred stock, $1.00 par value; 10 shares authorized; no shares issued
Common stock, $0.01 par value; 2,000 shares authorized; 374.5 shares and 373.5 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 3.7 3.7
Capital surplus 1,013.6 995.9
Accumulated deficit (210.4) (353.9)
Accumulated other comprehensive loss (180.4) (167.9)
Total stockholders' equity 626.5 477.8
Total liabilities and stockholders' equity $ 8,487.4 $ 8,496.3
[1] As of June 30, 2023, the Company’s weighted-average effective rate on total borrowings was approximately 4.1%.