XML 53 R45.htm IDEA: XBRL DOCUMENT v3.24.2
Settlement Assets and Obligations - Summary of Activity in the Allowance for Credit Losses (Details) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Summary of activity in allowance for credit losses        
Allowance for credit losses, Beginning Balance   $ 15.4    
Allowance for credit losses, Ending Balance $ 11.7      
Receivables from agents and others        
Summary of activity in allowance for credit losses        
Allowance for credit losses, Beginning Balance 11.9 15.4 $ 8.7 $ 11.4
Current period provision for expected credit losses [1] 3.0   5.3 (0.4)
Write-offs charged against the allowance (8.4) (5.2) (4.1) (4.2)
Recoveries of amounts previously written off 3.3 2.3 1.4 1.8
Impacts of foreign currency exchange rates and other 1.9 (0.6) 0.4 0.1
Allowance for credit losses, Ending Balance $ 11.7 $ 11.9 11.7 8.7
Receivables from Business Solutions customers        
Summary of activity in allowance for credit losses        
Allowance for credit losses, Beginning Balance     2.0 1.6
Current period provision for expected credit losses [1]     1.0 0.4
Write-offs charged against the allowance     (2.4) (0.7)
Impacts of foreign currency exchange rates and other     $ (0.6) 0.7
Allowance for credit losses, Ending Balance       $ 2.0
[1] Provision does not include losses from chargebacks or fraud associated with transactions initiated through the Company’s digital channels, as these losses are not credit-related. The Company recognized losses that were not credit-related of $14.8 million and $12.5 million for the three months ended March 31, 2024 and June 30, 2024, respectively, and $9.1 million and $6.1 million for the three months ended March 31, 2023 and June 30, 2023, respectively.