Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

The following tables present the Company’s reportable segment revenues:

	Three Months Ended June 30, 2023
(In millions)	Mobility		Corporate Payments		Benefits		Total
Payment processing revenue	$	172.2	$	104.7	$	23.6	$	300.5
Account servicing revenue	40.8		10.6		101.5		152.9
Finance fee revenue	76.3		0.1		—		76.4
Other revenue	50.9		6.5		34.1		91.5
Total revenues	$	340.2	$	121.9	$	159.2	$	621.3

	Three Months Ended June 30, 2022
(In millions)	Mobility		Corporate Payments		Benefits		Total
Payment processing revenue	$	202.4	$	88.6	$	21.3	$	312.3
Account servicing revenue	43.9		10.4		83.4		137.6
Finance fee revenue	85.1		0.2		—		85.3
Other revenue	47.9		1.2		13.9		63.0
Total revenues	$	379.2	$	100.4	$	118.6	$	598.2

	Six Months Ended June 30, 2023
(In millions)	Mobility		Corporate Payments		Benefits		Total
Payment processing revenue	$	343.7	$	194.8	$	50.1	$	588.6
Account servicing revenue	81.1		21.2		211.3		313.6
Finance fee revenue	156.7		0.3		0.1		157.1
Other revenue	101.0		10.4		62.6		174.0
Total revenues	$	682.5	$	226.7	$	324.1	$	1,233.3

	Six Months Ended June 30, 2022
(In millions)	Mobility		Corporate Payments		Benefits		Total
Payment processing revenue	$	354.3	$	153.7	$	43.8	$	551.8
Account servicing revenue	86.3		21.2		170.1		277.6
Finance fee revenue	163.5		0.4		0.1		163.9
Other revenue	94.3		2.5		25.7		122.5
Total revenues	$	698.4	$	177.7	$	239.7	$	1,115.8

Schedule of Reconciliation Of Segment Adjusted Operating Income To Income Before Income Taxes

The following table reconciles total segment adjusted operating income to income before income taxes:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2023		2022		2023		2022
Segment adjusted operating income
Mobility	$	150.3	$	193.0	$	289.1	$	353.1
Corporate Payments	66.3		51.0		115.5		79.3
Benefits	59.3		28.3		123.8		63.8
Total segment adjusted operating income	$	275.9	$	272.3	$	528.4	$	496.2
Reconciliation:
Total segment adjusted operating income	$	275.9	$	272.3	$	528.4	$	496.2
Less:
Unallocated corporate expenses	25.3		19.0		47.7		40.0
Acquisition-related intangible amortization	44.3		42.5		88.4		85.3
Other acquisition and divestiture related items	1.4		6.5		2.5		11.0
Stock-based compensation	36.5		25.3		62.6		50.5
Other costs	9.0		7.9		13.5		16.1
Operating income	159.4		171.1		313.7		293.4
Financing interest expense	(42.4)		(31.8)		(80.8)		(61.5)
Net foreign currency loss	(0.2)		(19.4)		(1.6)		(14.4)
Change in fair value of contingent consideration	(1.2)		(88.2)		(3.0)		(104.8)
Net unrealized (loss) gain on financial instruments	2.2		16.9		(12.3)		66.7
Income before income taxes	$	117.8	$	48.6	$	216.0	$	179.4