XML 44 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Measurements  
Schedule of assets and liabilities by balance sheet line item measured on a recurring basis

The following tables present the Company’s assets and liabilities which are measured at fair value on a recurring basis, by balance sheet line item (in millions):

Fair Value Measurement Using

Total

June 30, 2020

    

Level 1

    

Level 2

    

Fair Value

Assets:

 

  

 

  

 

  

Settlement assets:

 

  

 

  

 

  

Measured at fair value through net income:

 

  

 

  

 

  

Money market funds

$

22.9

$

$

22.9

Measured at fair value through other comprehensive income (net of expected credit losses recorded through net income):

 

  

  

  

State and municipal debt securities

1,333.8

1,333.8

State and municipal variable-rate demand notes

 

 

441.3

 

441.3

Corporate debt securities

66.5

66.5

United States government agency mortgage-backed securities

 

 

60.4

 

60.4

Other assets:

 

  

 

 

  

Derivatives

 

 

266.5

 

266.5

Total assets

$

22.9

$

2,168.5

$

2,191.4

Liabilities:

 

  

 

  

 

  

Other liabilities:

Derivatives

$

$

206.3

$

206.3

Total liabilities

$

$

206.3

$

206.3

Fair Value Measurement Using

Total

December 31, 2019

    

Level 1

    

Level 2

    

Fair Value

Assets:

 

  

 

  

 

  

Settlement assets:

 

  

 

  

 

  

Measured at fair value through net income:

 

  

 

  

 

  

Money market funds

$

24.6

$

$

24.6

Measured at fair value through other comprehensive income:

 

  

  

  

State and municipal debt securities

1,257.8

1,257.8

State and municipal variable-rate demand notes

 

 

276.1

 

276.1

United States government agency mortgage-backed securities

67.2

67.2

Corporate debt securities

 

 

52.4

 

52.4

Other United States government agency debt securities

34.9

34.9

United States Treasury securities

 

10.0

 

 

10.0

Other assets:

 

  

 

  

 

  

Derivatives

 

 

204.5

 

204.5

Total assets

$

34.6

$

1,892.9

$

1,927.5

Liabilities:

 

  

 

  

 

  

Other liabilities:

Derivatives

$

$

159.5

$

159.5

Total liabilities

$

$

159.5

$

159.5