Deposits (Tables)

6 Months Ended

Jun. 30, 2023

Banking and Thrift, Interest [Abstract]

Schedule of Deposits

The following table presents the composition of deposits, which are classified as short-term or long-term based on their contractual maturities:

(In millions)	June 30, 2023			December 31, 2022
Customer deposits	$	145.4		$	146.7
Contractual deposits with maturities within 1 year1,2	863.3			770.7
Interest-bearing money market deposits1	375.5			157.2
HSA deposits3	2,770.0			2,070.0
Short-term contractual deposits	$	4,154.2		$	3,144.6
Contractual deposits with maturities greater than 1 year and less than 5 years1,2	167.7			334.2
Total deposits	$	4,321.9		$	3,478.8
Weighted average cost of HSA deposits outstanding	0.11		%	0.04		%
Weighted average cost of funds on contractual deposits outstanding	3.25		%	1.48		%
Weighted average cost of interest-bearing money market deposits outstanding	5.24		%	4.45		%

1 As of June 30, 2023 and December 31, 2022, all certificates of deposit and money market deposits were in denominations of $250,000 or less, corresponding to FDIC deposit insurance limits.

2 Includes certificates of deposit and certain money market deposits, which have a fixed maturity and substantially fixed interest rates.

3 HSA deposits are recorded within short-term deposits on the condensed consolidated balance sheets as the funds can be withdrawn by the account holders at any time.