Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

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

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Foreign exchange (losses)	$	(1.8)	$	(0.6)	$	(2.2)	$	(1.7)

The Company recorded foreign currency gains on long-term intra-entity transactions included as a component of foreign currency translation gains (losses), net of tax, in the Unaudited Consolidated Statements of Comprehensive Income for the three and six months ended June 30 as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Foreign currency gains on long-term intra-entity transactions	$	10.3	$	92.2	$	156.3	$	25.8

Disaggregation of Revenue

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

Revenues, net by Solution*	Three Months Ended June 30,								Six Months Ended June 30,
	2022		%		2021		%		2022		%		2021		%
Fuel	$	346.9	40	%	$	295.1	44	%	$	665.4	40	%	$	557.0	44	%
Corporate Payments	189.7		22	%	140.4		21	%	373.5		23	%	256.8		20	%
Tolls	91.2		11	%	71.3		11	%	176.1		11	%	140.3		11	%
Lodging	116.9		14	%	62.2		9	%	211.5		13	%	121.3		10	%
Gift	51.7		6	%	32.3		5	%	95.2		6	%	75.7		6	%
Other	65.0		8	%	66.0		10	%	128.9		8	%	124.9		10	%
Consolidated revenues, net	$	861.3	100	%	$	667.4	100	%	$	1,650.5	100	%	$	1,276.0	100	%

*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,
	2022		%		2021		%		2022		%		2021		%
United States	$	527.7	61	%	$	412.7	62	%	$	999.5	61	%	$	783.3	61	%
Brazil	111.8		13	%	85.7		13	%	214.4		13	%	167.6		13	%
United Kingdom	93.4		11	%	83.6		13	%	188.0		11	%	159.2		12	%
Other	128.4		15	%	85.4		13	%	248.7		15	%	165.9		13	%
Consolidated revenues, net	$	861.3	100	%	$	667.4	100	%	$	1,650.5	100	%	$	1,276.0	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, 2022 and December 31, 2021 (in millions):

	June 30, 2022						December 31, 2021
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	3,884.5	$	(3,679.9)	$	204.6	$	1,185.9	$	(1,057.7)	$	128.2
Liabilities
Accounts Payable	$	3,726.6	$	(3,679.9)	$	46.7	$	1,199.5	$	(1,057.7)	$	141.8

The following table 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 June 30, 2022 and December 31, 2021 (in millions). 

		June 30, 2022		December 31, 2021
	Balance Sheet Classification	Fair Value
Derivative Asset	Prepaid expenses and other current assets	$	170.9	$	94.0
Derivative Asset	Other assets	$	73.8	$	26.9
Derivative Liability	Other current liabilities	$	165.8	$	66.9
Derivative Liability	Other noncurrent liabilities	$	68.6	$	23.0

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, 2022 and December 31, 2021 (in millions):

	June 30, 2022						December 31, 2021
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	3,884.5	$	(3,679.9)	$	204.6	$	1,185.9	$	(1,057.7)	$	128.2
Liabilities
Accounts Payable	$	3,726.6	$	(3,679.9)	$	46.7	$	1,199.5	$	(1,057.7)	$	141.8

The following table 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 June 30, 2022 and December 31, 2021 (in millions). 

		June 30, 2022		December 31, 2021
	Balance Sheet Classification	Fair Value
Derivative Asset	Prepaid expenses and other current assets	$	170.9	$	94.0
Derivative Asset	Other assets	$	73.8	$	26.9
Derivative Liability	Other current liabilities	$	165.8	$	66.9
Derivative Liability	Other noncurrent liabilities	$	68.6	$	23.0