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Derivatives - Undesignated Hedges (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Not designated as hedges | Selling, General and Administrative        
Cash Flow and Fair Value Hedges        
Gain recognized in Income on Foreign currency derivatives [1] $ 6.1 $ 3.3 $ 27.6 $ 8.0
[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 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 $12.9 million and $3.1 million for the three months ended June 30, 2024 and 2023, respectively, and $30.4 million and $2.9 million for the six months ended June 30, 2024 and 2023, respectively.