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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 1,033.0 $ 1,268.6
Settlement assets 3,648.3 3,687.0
Property and equipment, net of accumulated depreciation of $440.5 and $438.8, respectively 82.6 91.4
Goodwill 2,056.4 2,034.6
Other intangible assets, net of accumulated amortization of $652.3 and $685.9, respectively 347.0 380.2
Other assets 804.0 737.0
Total assets 7,971.3 8,198.8
Liabilities:    
Accounts payable and accrued liabilities 376.5 453.0
Settlement obligations 3,648.3 3,687.0
Income taxes payable 454.0 659.5
Deferred tax liability, net 144.0 147.6
Borrowings [1] 2,635.8 2,504.6
Other liabilities 271.9 268.1
Total liabilities 7,530.5 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; 337.8 shares and 350.5 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 3.4 3.5
Capital surplus 1,050.8 1,031.9
Accumulated deficit (451.3) (389.1)
Accumulated other comprehensive loss (162.1) (167.3)
Total stockholders' equity 440.8 479.0
Total liabilities and stockholders' equity $ 7,971.3 $ 8,198.8
[1] As of June 30, 2024, the Company’s weighted-average effective rate on total borrowings was approximately 4.1%.