Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

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

The Company recognized foreign exchange gains (losses), which are recorded within other expense (income), net in the Unaudited Consolidated Statements of Income for the three and nine months ended September 30 as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Foreign exchange (losses) gains	$	(1.2)	$	3.7	$	(2.9)	$	3.2

The Company recorded foreign currency gains 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 (Loss) for the three and nine months ended September 30 as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Foreign currency (losses) gains on long-term intra-entity transactions	$	(46.0)	$	50.4	$	(20.2)	$	235.8

Disaggregation of Revenue

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

Revenues, net by Solution *	Three Months Ended September 30,								Nine Months Ended September 30,
	2021		%		2020		%		2021		%		2020		%
Fuel	$	306.8	41	%	$	255.1	44	%	$	863.8	43	%	$	797.0	45	%
Corporate Payments	168.7		22	%	106.5		18	%	425.5		21	%	319.0		18	%
Tolls	79.0		10	%	67.6		12	%	219.4		11	%	215.4		12	%
Lodging	85.2		11	%	52.9		9	%	206.5		10	%	150.5		8	%
Gift	48.6		6	%	39.1		7	%	124.3		6	%	108.0		6	%
Other	67.2		9	%	64.1		11	%	192.1		9	%	181.6		10	%
Consolidated revenues, net	$	755.5	100	%	$	585.3	100	%	$	2,031.5	100	%	$	1,771.5	100	%

*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,
	2021		%		2020		%		2021		%		2020		%
United States	$	488.2	65	%	$	357.1	61	%	$	1,271.5	63	%	$	1,089.9	62	%
Brazil	94.9		13	%	79.6		14	%	262.5		13	%	253.7		14	%
United Kingdom	81.9		11	%	70.2		12	%	241.0		12	%	192.8		11	%
Other	90.5		12	%	78.3		13	%	256.5		13	%	235.1		13	%
Consolidated revenues, net	$	755.5	100	%	$	585.3	100	%	$	2,031.5	100	%	$	1,771.5	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, 2021 and December 31, 2020 (in millions):

	September 30, 2021						December 31, 2020
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	2,337.7	$	(2,235.1)	$	102.6	$	521.5	$	(478.2)	$	43.3
Liabilities
Accounts Payable	$	2,291.6	$	(2,235.1)	$	56.5	$	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 September 30, 2021 and December 31, 2020 (in millions). 

		September 30, 2021		December 31, 2020
	Balance Sheet Classification	Fair Value
Derivative Asset	Other current assets	$	106.4	$	139.3
Derivative Asset	Other noncurrent assets	$	35.6	$	16.6
Derivative Liability	Other current liabilities	$	74.5	$	127.7
Derivative Liability	Other noncurrent liabilities	$	33.4	$	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 September 30, 2021 and December 31, 2020 (in millions):

	September 30, 2021						December 31, 2020
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	2,337.7	$	(2,235.1)	$	102.6	$	521.5	$	(478.2)	$	43.3
Liabilities
Accounts Payable	$	2,291.6	$	(2,235.1)	$	56.5	$	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 September 30, 2021 and December 31, 2020 (in millions). 

		September 30, 2021		December 31, 2020
	Balance Sheet Classification	Fair Value
Derivative Asset	Other current assets	$	106.4	$	139.3
Derivative Asset	Other noncurrent assets	$	35.6	$	16.6
Derivative Liability	Other current liabilities	$	74.5	$	127.7
Derivative Liability	Other noncurrent liabilities	$	33.4	$	12.5