XML 55 R47.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Settlement Assets and Obligations - Components of Investment Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Cash and cash equivalents      
Amortized Cost $ 1,106.5 $ 1,268.6 $ 1,228.6
Available-for-sale securities:      
Fair Value 1,403.0    
Settlement Assets      
Available-for-sale securities:      
Amortized Cost 1,448.7 1,498.4  
Fair Value 1,403.0 1,458.2  
Gross Unrealized Gains 6.8 11.4  
Gross Unrealized Losses (52.5) (51.6)  
Net Unrealized Gains/ (Losses) (45.7) (40.2)  
Amortized Cost 1,461.7 1,510.2  
Fair Value 1,416.0 1,470.0  
Gross Unrealized Gains 6.8 11.4  
Gross Unrealized Losses (52.5) (51.6)  
Net Unrealized Gains/ (Losses) (45.7) (40.2)  
Money market funds | Settlement Assets      
Cash and cash equivalents      
Amortized Cost 13.0 11.8  
Fair Value 13.0 11.8  
State and municipal debt securities | Settlement Assets      
Available-for-sale securities:      
Amortized Cost [1] 1,087.1 1,049.3  
Fair Value [1] 1,044.8 1,011.4  
Gross Unrealized Gains [1] 5.2 8.7  
Gross Unrealized Losses [1] (47.5) (46.6)  
Net Unrealized Gains/ (Losses) [1] (42.3) (37.9)  
Asset-backed securities | Settlement Assets      
Available-for-sale securities:      
Amortized Cost 212.9 194.5  
Fair Value 213.8 195.7  
Gross Unrealized Gains 1.0 1.2  
Gross Unrealized Losses (0.1)    
Net Unrealized Gains/ (Losses) 0.9 1.2  
Corporate debt securities | Settlement Assets      
Available-for-sale securities:      
Amortized Cost 89.9 155.2  
Fair Value 86.2 152.2  
Gross Unrealized Gains 0.6 1.5  
Gross Unrealized Losses (4.3) (4.5)  
Net Unrealized Gains/ (Losses) (3.7) (3.0)  
State and municipal variable-rate demand notes | Settlement Assets      
Available-for-sale securities:      
Amortized Cost 47.7 86.8  
Fair Value 47.7 86.8  
United States government agency mortgage-backed securities | Settlement Assets      
Available-for-sale securities:      
Amortized Cost 11.1 12.6  
Fair Value 10.5 12.1  
Gross Unrealized Losses (0.6) (0.5)  
Net Unrealized Gains/ (Losses) $ (0.6) $ (0.5)  
[1] The majority of these securities are fixed-rate instruments.