Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Schedule of Foreign Exchange Gains/Losses on LongTerm IntraEquity Transactions

The Company recognized the following foreign exchange gains/losses on long-term intra-entity transactions, net of tax, and foreign exchange gains/losses within the Unaudited Consolidated Statements of Comprehensive Income (Loss) as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020	2019
Long-term intra-entity gain (loss)	$	21.4	$	43.7	185.5	(33.3)
Foreign exchange loss	(2.4)		(0.3)		(0.5)	(0.3)

Disaggregation of Revenue

Revenue by product (in millions) for the three and six months ended June 30 was as follows:

Revenues, net by Product*1	Three Months Ended June 30,								Six Months Ended June 30,
	2020		%		2019		%		2020	%		2019	%
Fuel	$	250	47	%	$	295	46	%	542	46	%	578	46	%
Corporate Payments	93		18	%	112		17	%	212	18	%	209	16	%
Tolls	65		12	%	86		13	%	148	12	%	175	14	%
Lodging	41		8	%	50		8	%	98	8	%	92	7	%
Gift	27		5	%	36		6	%	69	6	%	84	7	%
Other	51		10	%	68		10	%	118	10	%	131	10	%
Consolidated revenues, net	$	525	100	%	$	647	100	%	1,186	100	%	1,269	100	%

¹ Reflects certain reclassifications of revenue between product categories as the Company realigned its Corporate Payments business, resulting in reclassification of payroll paycard revenue from Corporate Payments to Other.

*Columns may not calculate due to rounding.

Revenue by geography (in millions) for the three and six months ended June 30 was as follows:

Revenues, net by Geography*	Three Months Ended June 30,								Six Months Ended June 30,
	2020		%		2019		%		2020	%		2019	%
United States	$	335	64	%	$	389	60	%	733	62	%	760	60	%
Brazil	75		14	%	104		16	%	174	15	%	209	16	%
United Kingdom	49		9	%	70		11	%	123	10	%	137	11	%
Other	66		13	%	85		13	%	157	13	%	163	13	%
Consolidated revenues, net	525		100	%	647		100	%	1,186	100	%	1,269	100	%

*Columns may not calculate due to rounding.

Schedule of Derivative Assets at Fair Value

The following table presents the Company’s spot trade assets and liabilities at their fair value at June 30, 2020 and December 31, 2019, (in millions). 

	June 30, 2020						December 31, 2019
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	1,629.9	$	(1,601.9)	$	28.0	$	1,139.1	$	(1,084.6)	$	54.5
Liabilities
Accounts Payable	$	1,641.0	$	(1,601.9)	$	39.1	$	1,140.4	$	(1,084.6)	$	55.8

Schedule of Derivative Liabilities at Fair Value

The following table presents the Company’s spot trade assets and liabilities at their fair value at June 30, 2020 and December 31, 2019, (in millions). 

	June 30, 2020						December 31, 2019
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	1,629.9	$	(1,601.9)	$	28.0	$	1,139.1	$	(1,084.6)	$	54.5
Liabilities
Accounts Payable	$	1,641.0	$	(1,601.9)	$	39.1	$	1,140.4	$	(1,084.6)	$	55.8