REVENUE (Tables)

3 Months Ended

Mar. 31, 2020

REVENUE

Schedule of disaggregation of revenue by major source and geographic region

					Corporate/
Three Months Ended March 31, 2020	LoyaltyOne		Card Services		Other		Total
	(in millions)
Disaggregation of Revenue by Major Source:
Coalition loyalty program	$	71.3	$	—	$	—	$	71.3
Short-term loyalty programs		120.3		—		—		120.3
Servicing fees, net		—		(30.7)		—		(30.7)
Other		3.3		—		0.1		3.4
Revenue from contracts with customers	$	194.9	$	(30.7)	$	0.1	$	164.3
Finance charges, net		—		1,214.3		—		1,214.3
Investment income		3.2		—		—		3.2
Total	$	198.1	$	1,183.6	$	0.1	$	1,381.8

					Corporate/
Three Months Ended March 31, 2019	LoyaltyOne		Card Services		Other		Total
	(in millions)
Disaggregation of Revenue by Major Source:
Coalition loyalty program	$	71.4	$	—	$	—	$	71.4
Short-term loyalty programs		109.6		—		—		109.6
Servicing fees, net		—		(18.6)		—		(18.6)
Other		19.8		—		—		19.8
Revenue from contracts with customers	$	200.8	$	(18.6)	$	—	$	182.2
Finance charges, net		—		1,149.0		—		1,149.0
Investment income		3.0		—		—		3.0
Total	$	203.8	$	1,130.4	$	—	$	1,334.2

					Corporate/
Three Months Ended March 31, 2020	LoyaltyOne		Card Services		Other		Total
	(in millions)
Disaggregation of Revenue by Geographic Region:
United States	$	2.1	$	1,183.6	$	0.1	$	1,185.8
Canada		79.1		—		—		79.1
Europe, Middle East and Africa		68.6		—		—		68.6
Asia Pacific		37.0		—		—		37.0
Other		11.3		—		—		11.3
Total	$	198.1	$	1,183.6	$	0.1	$	1,381.8

					Corporate/
Three Months Ended March 31, 2019	LoyaltyOne		Card Services		Other		Total
	(in millions)
Disaggregation of Revenue by Geographic Region:
United States	$	6.4	$	1,130.4	$	—	$	1,136.8
Canada		89.0		—		—		89.0
Europe, Middle East and Africa		81.4		—		—		81.4
Asia Pacific		17.5		—		—		17.5
Other		9.5		—		—		9.5
Total	$	203.8	$	1,130.4	$	—	$	1,334.2

Schedule of reconciliation of contract liabilities for the AIR MILES Reward Program

	Deferred Revenue
	Service		Redemption		Total
	(in millions)
Balance at January 1, 2020	$	258.6	$	663.4	$	922.0
Cash proceeds		44.8		73.4		118.2
Revenue recognized (1)		(48.6)		(69.2)		(117.8)
Effects of foreign currency translation		(19.6)		(50.9)		(70.5)
Balance at March 31, 2020	$	235.2	$	616.7	$	851.9
Amounts recognized in the consolidated balance sheets:
Deferred revenue (current)	$	131.6	$	616.7	$	748.3
Deferred revenue (non-current)	$	103.6	$	—	$	103.6

(1) Reported on a gross basis herein.