Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

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


		Fair Value Measurement Using								Total
March 31, 2026		Level 1				Level 2				Fair Value
Assets:
Settlement assets:
Measured at fair value through net income:
Money market funds		$	57.5			$	—			$	57.5
Measured at fair value through other comprehensive income (net of expected credit losses recorded through net income):
State and municipal debt securities			—				1,110.4				1,110.4
Asset-backed securities			—				153.7				153.7
Corporate debt and other securities			—				182.4				182.4
Other assets:
Derivatives			—				20.3				20.3
Total assets		$	57.5			$	1,466.8			$	1,524.3
Liabilities:
Other liabilities:
Derivatives		$	—			$	28.4			$	28.4
Total liabilities		$	—			$	28.4			$	28.4


		Fair Value Measurement Using								Total
December 31, 2025		Level 1				Level 2				Fair Value
Assets:
Settlement assets:
Measured at fair value through net income:
Money market funds		$	44.2			$	—			$	44.2
Measured at fair value through other comprehensive income (net of expected credit losses recorded through net income):
State and municipal debt securities			—				1,131.4				1,131.4
Asset-backed securities			—				157.8				157.8
Corporate debt and other securities			—				155.9				155.9
Other assets:
Derivatives			—				15.3				15.3
Total assets		$	44.2			$	1,460.4			$	1,504.6
Liabilities:
Other liabilities:
Derivatives		$	—			$	40.2			$	40.2
Total liabilities		$	—			$	40.2			$	40.2