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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 1,289.0 $ 1,474.0
Settlement assets 3,521.5 3,360.8
Property and equipment, net of accumulated depreciation of $465.5 and $454.9, respectively 77.0 84.2
Goodwill 2,059.9 2,059.6
Other intangible assets, net of accumulated amortization of $612.7 and $599.0, respectively 299.7 315.4
Deferred tax asset, net 256.3 265.0
Other assets 834.5 811.5
Total assets 8,337.9 8,370.5
Liabilities:    
Accounts payable and accrued liabilities 376.2 407.9
Settlement obligations 3,521.5 3,360.8
Income taxes payable 271.4 272.2
Deferred tax liability, net 160.7 155.6
Borrowings [1] 2,791.3 2,940.8
Other liabilities 277.4 264.3
Total liabilities 7,398.5 7,401.6
Commitments and contingencies (Note 5)
Stockholders' equity    
Preferred stock, $1.00 par value; 10 shares authorized; no shares issued
Common stock, $0.01 par value; 2,000 shares authorized; 332.1 shares and 337.9 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 3.3 3.4
Capital surplus 1,081.4 1,070.8
Retained earnings/(accumulated deficit) (3.4) 35.2
Accumulated other comprehensive loss (141.9) (140.5)
Total stockholders' equity 939.4 968.9
Total liabilities and stockholders' equity $ 8,337.9 $ 8,370.5
[1] As of March 31, 2025, the Company’s weighted-average effective rate on total borrowings was approximately 4.5%.