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Other Assets and Other Liabilities
12 Months Ended
Dec. 31, 2023
Other Assets and Other Liabilities  
Other Assets and Other Liabilities 9. Other Assets and Other Liabilities

The following table summarizes the components of Other assets and Other liabilities (in millions):

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Other assets:

 

 

 

 

 

 

Amounts advanced to agents and disbursement partners

 

$

188.5

 

 

$

154.9

 

Other investments (a)

 

 

169.2

 

 

 

169.5

 

ROU assets

 

 

126.6

 

 

 

122.4

 

Prepaid expenses

 

 

91.9

 

 

 

94.7

 

Equity method investments

 

 

41.2

 

 

 

41.4

 

Derivatives

 

 

10.8

 

 

 

126.1

 

Reverse repurchase agreements

 

 

 

 

 

100.0

 

Other

 

 

108.8

 

 

 

168.9

 

Total other assets (b)

 

$

737.0

 

 

$

977.9

 

Other liabilities:

 

 

 

 

 

 

Operating lease liabilities

 

$

162.3

 

 

$

161.3

 

Agent deposits

 

 

46.9

 

 

 

43.5

 

Derivatives

 

 

17.4

 

 

 

98.9

 

Accrued agent contract costs

 

 

2.3

 

 

 

37.4

 

Deferred proceeds - Business Solutions divestiture (Note 4)

 

 

 

 

 

104.3

 

Other

 

 

39.2

 

 

 

28.6

 

Total other liabilities (b)

 

$

268.1

 

 

$

474.0

 

 

(a)
Represents equity investments without readily determinable fair values recorded at cost less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment in the same issuer.
(b)
As of December 31, 2022, Other assets included $118.0 million classified as Assets held for sale, and Other liabilities included $89.4 million classified as Liabilities associated with assets held for sale (see Note 4).