Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of Foreign Exchange Gains/Losses on Long-Term Intra-Equity Transactions

The Company recognized foreign exchange (losses) gains, which are recorded within other (income) expense, net in the Unaudited Consolidated Statements of Income for the three months ended March 31 as follows (in millions):

	Three Months Ended March 31,
	2021	2020
Foreign exchange (losses) gains	(1.2)	2.0

The Company recorded foreign currency losses on long-term intra-entity transactions included as a component of foreign currency translation losses, net of tax, in the Unaudited Consolidated Statements of Comprehensive Income for the three months ended March 31 as follows (in millions):

	Three Months Ended March 31,
	2021		2020
Foreign currency losses on long-term intra-entity transactions	$	(66.3)	$	(164.1)

Disaggregation of Revenue

Revenue by solution (in millions) for the three months ended March 31 was as follows:

Revenues, net by Solution Category*	Three Months Ended March 31,
	2021		%		2020		%
Fuel	$	262	43	%	$	292	44	%
Corporate Payments	116		19	%	120		18	%
Tolls	69		11	%	83		13	%
Lodging	59		10	%	57		9	%
Gift	43		7	%	42		6	%
Other	59		10	%	67		10	%
Consolidated revenues, net	$	609	100	%	$	661	100	%

*Columns may not calculate due to rounding.

Revenue by geography (in millions) for the three months ended March 31 was as follows:

Revenues, net by Geography*	Three Months Ended March 31,
	2021		%		2020		%
United States	$	370	61	%	$	398	60	%
Brazil	82		13	%	99		15	%
United Kingdom	76		12	%	74		11	%
Other	81		13	%	91		14	%
Consolidated revenues, net	609		100	%	661		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 March 31, 2021 and December 31, 2020 (in millions):

	March 31, 2021						December 31, 2020
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	975.7	$	(879.4)	$	96.3	$	521.5	$	(478.2)	$	43.3
Liabilities
Accounts Payable	$	919.1	$	(879.4)	$	39.7	$	527.5	$	(478.2)	$	49.3

The table below presents the fair value of the Company’s derivative assets and liabilities, as well as their classification on the accompanying Consolidated Balance Sheets, as of March 31, 2021 and December 31, 2020 (in millions). 

		March 31, 2021		December 31, 2020
	Balance Sheet Classification	Fair Value
Derivative Asset	Other current assets	$	107.3	$	139.3
Derivative Asset	Other noncurrent assets	$	7.9	$	16.6
Derivative Liability	Other current liabilities	$	86.5	$	127.7
Derivative Liability	Other noncurrent liabilities	$	6.3	$	12.5

Schedule of Derivative Liabilities at Fair Value

The following table presents the Company’s spot trade assets and liabilities at their fair value at March 31, 2021 and December 31, 2020 (in millions):

	March 31, 2021						December 31, 2020
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	975.7	$	(879.4)	$	96.3	$	521.5	$	(478.2)	$	43.3
Liabilities
Accounts Payable	$	919.1	$	(879.4)	$	39.7	$	527.5	$	(478.2)	$	49.3

The table below presents the fair value of the Company’s derivative assets and liabilities, as well as their classification on the accompanying Consolidated Balance Sheets, as of March 31, 2021 and December 31, 2020 (in millions). 

		March 31, 2021		December 31, 2020
	Balance Sheet Classification	Fair Value
Derivative Asset	Other current assets	$	107.3	$	139.3
Derivative Asset	Other noncurrent assets	$	7.9	$	16.6
Derivative Liability	Other current liabilities	$	86.5	$	127.7
Derivative Liability	Other noncurrent liabilities	$	6.3	$	12.5