Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Foreign Exchange Gains/Losses on Long-Term Intra-Equity 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020	2019
Long-term intra-entity gain (loss)	$	50.4	$	(48.4)	235.8	(81.7)
Foreign exchange gain	3.7		0.1		3.2	0.3

Disaggregation of Revenue

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

Revenues, net by Product*1	Three Months Ended September 30,								Nine Months Ended September 30,
	2020		%		2019		%		2020	%		2019	%
Fuel	$	255	44	%	$	296	43	%	797	45	%	874	45	%
Corporate Payments	107		18	%	120		18	%	319	18	%	329	17	%
Tolls	68		12	%	89		13	%	215	12	%	264	14	%
Lodging	53		9	%	56		8	%	150	8	%	148	8	%
Gift	39		7	%	48		7	%	108	6	%	133	7	%
Other	64		11	%	72		11	%	182	10	%	203	10	%
Consolidated revenues, net	$	585	100	%	$	681	100	%	1,772	100	%	1,950	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 nine months ended September 30 was as follows:

Revenues, net by Geography*	Three Months Ended September 30,								Nine Months Ended September 30,
	2020		%		2019		%		2020	%		2019	%
United States	$	357	61	%	$	414	61	%	1,090	62	%	1,174	60	%
Brazil	80		14	%	106		16	%	254	14	%	316	16	%
United Kingdom	70		12	%	68		10	%	193	11	%	205	10	%
Other	78		13	%	93		14	%	235	13	%	256	13	%
Consolidated revenues, net	585		100	%	681		100	%	1,772	100	%	1,950	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 September 30, 2020 and December 31, 2019, (in millions). 

	September 30, 2020						December 31, 2019
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	1,461.7	$	(1,421.8)	$	39.9	$	1,139.1	$	(1,084.6)	$	54.5
Liabilities
Accounts Payable	$	1,455.1	$	(1,421.8)	$	33.3	$	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 September 30, 2020 and December 31, 2019, (in millions). 

	September 30, 2020						December 31, 2019
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	1,461.7	$	(1,421.8)	$	39.9	$	1,139.1	$	(1,084.6)	$	54.5
Liabilities
Accounts Payable	$	1,455.1	$	(1,421.8)	$	33.3	$	1,140.4	$	(1,084.6)	$	55.8