XML 68 R60.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Derivatives - Undesignated Hedges (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Not designated as hedges | Selling, General and Administrative    
Cash Flow and Fair Value Hedges    
Gain recognized in Income on Foreign currency derivatives $ 21.5 $ 4.7 [1]
[1] 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 gains/(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 $(17.5) million and $0.2 million for the three months ended March 31, 2024 and 2023, respectively.