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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

 Our financial assets and liabilities measured at fair value on a recurring basis were categorized as follows:

 

 

 

December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

 

Level 3

 

 

Total

 

 

 

(Dollars in millions)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale customer trust funds assets

 

$

 

 

$

1,719.1

 

(a)

 

$

 

 

$

1,719.1

 

Total assets measured at fair value

 

$

 

 

$

1,719.1

 

 

 

$

 

 

$

1,719.1

 

 

 

 

December 31, 2019

 

 

 

Level 1

 

 

Level 2

 

 

 

Level 3

 

 

Total

 

 

 

(Dollars in millions)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale customer trust funds assets

 

$

 

 

$

1,826.8

 

(a)

 

$

 

 

$

1,826.8

 

Total assets measured at fair value

 

$

 

 

$

1,826.8

 

 

 

$

 

 

$

1,826.8

 

 

(a)

Fair value is based on inputs that are observable for the asset or liability, other than quoted prices.