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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Disaggregation of Revenue
The Company provides its services to customers across different payment solutions and geographies. Revenue by product (in millions) for the three and six months ended June 30 was as follows:
Revenues, net by Product*
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
%
 
2018
 
%
 
2019
 
%
 
2018
 
%
Fuel 1
295

 
45
%
 
278

 
48
%
 
578

 
46
%
 
544

 
46
%
Corporate Payments
127

 
20
%
 
100

 
17
%
 
237

 
19
%
 
194

 
17
%
Tolls 1
86

 
13
%
 
80

 
14
%
 
175

 
14
%
 
170

 
14
%
Lodging
50

 
8
%
 
45

 
8
%
 
92

 
7
%
 
84

 
7
%
Gift
36

 
6
%
 
33

 
6
%
 
84

 
7
%
 
82

 
7
%
Other1
53

 
8
%
 
49

 
8
%
 
102

 
8
%
 
97

 
8
%
Consolidated Revenues, net
647

 
100
%
 
585

 
100
%
 
1,269

 
100
%
 
1,170

 
100
%
1 Reflects certain reclassifications of revenue between product categories: 1) as the Company realigned its Brazil business into product lines, resulting in refinement of revenue classified as fuel versus tolls and 2) shifted the E-Cash/OnRoad product to fuel from 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,
 
2019
 
%
 
2018
 
%
 
2019
 
%
 
2018
 
%
United States
389

 
60
%
 
348

 
59
%
 
760

 
60
%
 
691

 
59
%
Brazil
103

 
16
%
 
96

 
16
%
 
209

 
16
%
 
203

 
17
%
United Kingdom
70

 
11
%
 
65

 
11
%
 
137

 
11
%
 
130

 
11
%
Other
85

 
13
%
 
76

 
13
%
 
163

 
13
%
 
146

 
12
%
Consolidated Revenues, net
647

 
100
%
 
585

 
100
%
 
1,269

 
100
%
 
1,170

 
100
%
*Columns may not calculate due to rounding.
Schedule of Derivative Assets at Fair Value
 
June 30, 2019
 
December 31, 2018
 
Gross Assets
 
Offset on the Balance Sheet
 
Net Assets
 
Gross Assets
 
Offset on the Balance Sheet
 
Net Assets
Assets
 
 
 
 
 
 
 
 
 
 
 
Accounts Receivable
$
465.3

 
$
(421.2
)
 
$
44.1

 
$
815.7

 
$
(745.2
)
 
$
70.5

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Liabilities
 
Offset on the Balance Sheet
 
Net Liabilities
 
Gross Liabilities
 
Offset on the Balance Sheet
 
Net Liabilities
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Accounts Payable
$
452.0

 
$
(421.2
)
 
$
30.8

 
$
760.8

 
$
(745.2
)
 
$
15.6
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, 2019 and December 31, 2018, (in millions). 
 
June 30, 2019
 
December 31, 2018
 
Gross Assets
 
Offset on the Balance Sheet
 
Net Assets
 
Gross Assets
 
Offset on the Balance Sheet
 
Net Assets
Assets
 
 
 
 
 
 
 
 
 
 
 
Accounts Receivable
$
465.3

 
$
(421.2
)
 
$
44.1

 
$
815.7

 
$
(745.2
)
 
$
70.5

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Liabilities
 
Offset on the Balance Sheet
 
Net Liabilities
 
Gross Liabilities
 
Offset on the Balance Sheet
 
Net Liabilities
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Accounts Payable
$
452.0

 
$
(421.2
)
 
$
30.8

 
$
760.8

 
$
(745.2
)
 
$
15.6