Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021 as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Foreign exchange (losses)	$	(1.9)	$	(1.2)	$	(4.1)	$	(2.9)

The Company recorded foreign currency gains (losses) 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 nine months ended September 30, 2022 and 2021 as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Foreign currency gains (losses) on long-term intra-entity transactions	$	27.8	$	(46.0)	$	184.1	$	(20.2)

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,
	2022		%		2021		%		2022		%		2021		%
Fuel	$	361.8	41	%	$	306.8	41	%	$	1,027.2	40	%	$	863.8	43	%
Corporate Payments	196.9		22	%	168.7		22	%	570.4		22	%	425.5		21	%
Tolls	88.6		10	%	79.0		10	%	264.7		10	%	219.4		11	%
Lodging	126.0		14	%	85.2		11	%	337.4		13	%	206.5		10	%
Gift	52.0		6	%	48.6		6	%	147.2		6	%	124.3		6	%
Other	67.7		8	%	67.2		9	%	196.6		8	%	192.1		9	%
Consolidated revenues, net	$	893.0	100	%	$	755.5	100	%	$	2,543.5	100	%	$	2,031.5	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,
	2022		%		2021		%		2022		%		2021		%
United States	$	558.3	63	%	$	488.2	65	%	$	1,557.7	61	%	$	1,271.5	63	%
Brazil	108.6		12	%	94.9		13	%	322.9		13	%	262.5		13	%
United Kingdom	90.4		10	%	81.9		11	%	278.4		11	%	241.0		12	%
Other	135.8		15	%	90.5		12	%	384.5		15	%	256.5		13	%
Consolidated revenues, net	$	893.0	100	%	$	755.5	100	%	$	2,543.5	100	%	$	2,031.5	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, 2022 and December 31, 2021 (in millions):

	September 30, 2022						December 31, 2021
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	3,789.6	$	(3,615.6)	$	174.0	$	1,185.9	$	(1,057.7)	$	128.2
Liabilities
Accounts Payable	$	3,697.1	$	(3,615.6)	$	81.5	$	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 September 30, 2022 and December 31, 2021 (in millions). 

		September 30, 2022		December 31, 2021
	Balance Sheet Classification	Fair Value
Derivative Assets	Prepaid expenses and other current assets	$	369.1	$	94.0
Derivative Assets	Other assets	$	115.6	$	26.9
Derivative Liabilities	Other current liabilities	$	357.0	$	66.9
Derivative Liabilities	Other noncurrent liabilities	$	107.6	$	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 September 30, 2022 and December 31, 2021 (in millions):

	September 30, 2022						December 31, 2021
	Gross		Offset on the Balance Sheet		Net		Gross		Offset on the Balance Sheet		Net
Assets
Accounts Receivable	$	3,789.6	$	(3,615.6)	$	174.0	$	1,185.9	$	(1,057.7)	$	128.2
Liabilities
Accounts Payable	$	3,697.1	$	(3,615.6)	$	81.5	$	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 September 30, 2022 and December 31, 2021 (in millions). 

		September 30, 2022		December 31, 2021
	Balance Sheet Classification	Fair Value
Derivative Assets	Prepaid expenses and other current assets	$	369.1	$	94.0
Derivative Assets	Other assets	$	115.6	$	26.9
Derivative Liabilities	Other current liabilities	$	357.0	$	66.9
Derivative Liabilities	Other noncurrent liabilities	$	107.6	$	23.0