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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 1,106.5 $ 1,268.6
Settlement assets 3,635.6 3,687.0
Property and equipment, net of accumulated depreciation of $446.1 and $438.8, respectively 88.6 91.4
Goodwill 2,049.5 2,034.6
Other intangible assets, net of accumulated amortization of $685.6 and $685.9, respectively 369.0 380.2
Other assets 804.0 737.0
Total assets 8,053.2 8,198.8
Liabilities:    
Accounts payable and accrued liabilities 392.7 453.0
Settlement obligations 3,635.6 3,687.0
Income taxes payable 668.9 659.5
Deferred tax liability, net 149.4 147.6
Borrowings [1] 2,540.3 2,504.6
Other liabilities 268.4 268.1
Total liabilities 7,655.3 7,719.8
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; 339.6 shares and 350.5 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 3.4 3.5
Capital surplus 1,040.6 1,031.9
Accumulated deficit (485.0) (389.1)
Accumulated other comprehensive loss (161.1) (167.3)
Total stockholders' equity 397.9 479.0
Total liabilities and stockholders' equity $ 8,053.2 $ 8,198.8
[1] As of March 31, 2024, the Company’s weighted-average effective rate on total borrowings was approximately 4.0%.