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Derivatives - Undesignated Hedges (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Not designated as hedges | Selling, General and Administrative |  |  |  |  |
Cash Flow and Fair Value Hedges |  |  |  |  |
Gain recognized in Income on Foreign currency derivatives | [1],[2] | $ 22.5 | $ 42.6 | $ 30.5 | $ 97.6
[1] | The Company used foreign currency forward and option contracts as part of its Business Solutions payments operations. These derivative contracts are excluded from this table as they were managed as part of a broader currency portfolio that included non-derivative currency exposures. The gains and losses on these derivatives are included as part of the broader disclosure of portfolio revenue for this business discussed above.
[2] | The Company uses foreign currency forward contracts to offset foreign exchange rate fluctuations on settlement assets and obligations as well as certain foreign currency denominated positions. Foreign exchange losses on settlement assets and obligations, cash balances, and other assets and liabilities, not including amounts related to derivative activity as displayed above and included in Selling, general, and administrative in the Condensed Consolidated Statements of Income, were $18.4 million and $40.6 million for the three months ended September 30, 2023 and 2022, respectively, and $21.3 million and $90.4 million for the nine months ended September 30, 2023 and 2022, respectively.

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