XML 49 R35.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present the Company’s assets and liabilities which are measured at fair value on a recurring basis, by balance sheet category (in millions):
|  | Fair Value Measurement Using |  |  | Total |
December 31, 2023 |  | Level 1 |  |  | Level 2 |  |  | Fair Value |
Assets: |  |  |  |  |  |  |  |  |
Settlement assets: |  |  |  |  |  |  |  |  |
Measured at fair value through net income: |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 11.8 |  |  | $ | — |  |  | $ | 11.8 |
Measured at fair value through other comprehensive income (net of expected credit losses recorded through net income): |  |  |  |  |  |  |  |  |
State and municipal debt securities |  |  | — |  |  |  | 1,011.4 |  |  |  | 1,011.4 |
Asset-backed securities |  |  | — |  |  |  | 195.7 |  |  |  | 195.7 |
Corporate debt securities |  |  | — |  |  |  | 152.2 |  |  |  | 152.2 |
State and municipal variable-rate demand notes |  |  | — |  |  |  | 86.8 |  |  |  | 86.8 |
United States government agency mortgage-backed securities |  |  | — |  |  |  | 12.1 |  |  |  | 12.1 |
Other assets: |  |  |  |  |  |  |  |  |
Derivatives |  |  | — |  |  |  | 10.8 |  |  |  | 10.8 |
Total assets |  | $ | 11.8 |  |  | $ | 1,469.0 |  |  | $ | 1,480.8 |
Liabilities: |  |  |  |  |  |  |  |  |
Other liabilities: |  |  |  |  |  |  |  |  |
Derivatives |  | $ | — |  |  | $ | 17.4 |  |  | $ | 17.4 |
Total liabilities |  | $ | — |  |  | $ | 17.4 |  |  | $ | 17.4 |
|  | Fair Value Measurement Using |  |  | Total |
December 31, 2022 |  | Level 1 |  |  | Level 2 |  |  | Fair Value |
Assets: |  |  |  |  |  |  |  |  |
Settlement assets: |  |  |  |  |  |  |  |  |
Measured at fair value through net income: |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 11.7 |  |  | $ | — |  |  | $ | 11.7 |
Measured at fair value through other comprehensive income (net of expected credit losses recorded through net income): |  |  |  |  |  |  |  |  |
State and municipal debt securities |  |  | — |  |  |  | 933.3 |  |  |  | 933.3 |
Asset-backed securities |  |  | — |  |  |  | 184.1 |  |  |  | 184.1 |
Corporate debt securities |  |  | — |  |  |  | 146.9 |  |  |  | 146.9 |
State and municipal variable-rate demand notes |  |  | — |  |  |  | 48.9 |  |  |  | 48.9 |
United States government agency mortgage-backed securities |  |  | — |  |  |  | 20.5 |  |  |  | 20.5 |
Other assets: |  |  |  |  |  |  |  |  |
Derivatives |  |  | — |  |  |  | 126.1 |  |  |  | 126.1 |
Total assets |  | $ | 11.7 |  |  | $ | 1,459.8 |  |  | $ | 1,471.5 |
Liabilities: |  |  |  |  |  |  |  |  |
Other liabilities: |  |  |  |  |  |  |  |  |
Derivatives |  | $ | — |  |  | $ | 98.9 |  |  | $ | 98.9 |
Total liabilities |  | $ | — |  |  | $ | 98.9 |  |  | $ | 98.9 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration