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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Schedule of Amounts Reclassified from AOCL | The following table details reclassifications out of Accumulated other comprehensive loss (“AOCL”) and into Net income. All amounts reclassified from AOCL affect the line items as indicated below and the amounts in parentheses indicate decreases to Net income in the Condensed Consolidated Statements of Income (in millions).
|  | Amounts Reclassified from AOCL to Net Income |
|  |  |  | Three Months Ended |  |  | Six Months Ended |
|  | Income Statement |  | June 30, |  |  | June 30, |
Income for the period (in millions) |  | Location |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Accumulated other comprehensive loss components: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains/(losses) on investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities |  | Revenues |  | $ | — |  |  | $ | (1.0 | ) |  | $ | 1.1 |  |  | $ | 1.5 |
Income tax benefit/(expense) |  | Provision for income taxes |  |  | — |  |  |  | 0.2 |  |  |  | (0.2 | ) |  |  | (0.2 | )
Total reclassification adjustments related to investment securities, net of tax |  |  |  |  | — |  |  |  | (0.8 | ) |  |  | 0.9 |  |  |  | 1.3 |
Gains/(losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | Revenues |  |  | (4.1 | ) |  |  | 1.3 |  |  |  | (1.5 | ) |  |  | 4.0 |
Interest rate contracts |  | Interest expense |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |
Income tax expense |  | Provision for income taxes |  |  | (0.4 | ) |  |  | — |  |  |  | (0.4 | ) |  |  | — |
Total reclassification adjustments related to cash flow hedges, net of tax |  |  |  |  | (4.4 | ) |  |  | 1.4 |  |  |  | (1.8 | ) |  |  | 4.1 |
Total reclassifications, net of tax |  |  |  | $ | (4.4 | ) |  | $ | 0.6 |  |  | $ | (0.9 | ) |  | $ | 5.4 |
Schedule of Components of Accumulated Other Comprehensive Income/(Loss) | The following tables summarize the components of AOCL, net of tax in the accompanying Condensed Consolidated Balance Sheets (in millions):
|  | Investment |  |  | Hedging |  |  | Foreign Currency |  |  |  |
|  | Securities |  |  | Activities |  |  | Translation |  |  | Total |
As of December 31, 2024 |  | $ | (33.4 | ) |  | $ | 13.1 |  |  | $ | (120.2 | ) |  | $ | (140.5 | )
Unrealized gains/(losses) |  |  | 22.0 |  |  |  | (19.1 | ) |  |  | 1.1 |  |  |  | 4.0 |
Tax benefit/(expense) |  |  | (3.8 | ) |  |  | 1.9 |  |  |  | — |  |  |  | (1.9 | )
Amounts reclassified from AOCL into earnings, net of tax |  |  | (0.9 | ) |  |  | (2.6 | ) |  |  | — |  |  |  | (3.5 | )
As of March 31, 2025 |  |  | (16.1 | ) |  |  | (6.7 | ) |  |  | (119.1 | ) |  |  | (141.9 | )
Unrealized gains/(losses) |  |  | 3.4 |  |  |  | (52.7 | ) |  |  | 6.7 |  |  |  | (42.6 | )
Tax benefit/(expense) |  |  | (0.5 | ) |  |  | 3.3 |  |  |  | — |  |  |  | 2.8 |
Amounts reclassified from AOCL into earnings, net of tax |  |  | — |  |  |  | 4.4 |  |  |  | — |  |  |  | 4.4 |
As of June 30, 2025 |  | $ | (13.2 | ) |  | $ | (51.7 | ) |  | $ | (112.4 | ) |  | $ | (177.3 | )
|  | Investment |  |  | Hedging |  |  | Foreign Currency |  |  |  |
|  | Securities |  |  | Activities |  |  | Translation |  |  | Total |
As of December 31, 2023 |  | $ | (33.0 | ) |  | $ | (15.3 | ) |  | $ | (119.0 | ) |  | $ | (167.3 | )
Unrealized gains/(losses) |  |  | (3.0 | ) |  |  | 13.6 |  |  |  | — |  |  |  | 10.6 |
Tax benefit/(expense) |  |  | 0.5 |  |  |  | (0.1 | ) |  |  | — |  |  |  | 0.4 |
Amounts reclassified from AOCL into earnings, net of tax |  |  | (2.1 | ) |  |  | (2.7 | ) |  |  | — |  |  |  | (4.8 | )
As of March 31, 2024 |  |  | (37.6 | ) |  |  | (4.5 | ) |  |  | (119.0 | ) |  |  | (161.1 | )
Unrealized gains/(losses) |  |  | (2.5 | ) |  |  | 1.6 |  |  |  | — |  |  |  | (0.9 | )
Tax benefit |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | 0.5 |
Amounts reclassified from AOCL into earnings, net of tax |  |  | 0.8 |  |  |  | (1.4 | ) |  |  | — |  |  |  | (0.6 | )
As of June 30, 2024 |  | $ | (38.8 | ) |  | $ | (4.3 | ) |  | $ | (119.0 | ) |  | $ | (162.1 | )

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