The following tables present changes in the accounts receivable allowances by portfolio segment: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | (in millions) | Mobility | | Corporate Payments | | Benefits | | Total | | | | | | | | | | | | | | | | | | Balance, beginning of period | $ | 72.5 | | | $ | 9.2 | | | $ | 8.4 | | | $ | 90.1 | | Provision for credit losses(1) | 18.6 | | | 2.3 | | | (0.3) | | | 20.6 | | Charges to other accounts(2) | 3.0 | | | — | | | — | | | 3.0 | | | Charge-offs | (29.5) | | | (0.8) | | | — | | | (30.3) | | | Recoveries of amounts previously charged-off | 3.9 | | | — | | | — | | | 3.9 | | | | | | | | | | | Currency translation | — | | | — | | | — | | | — | | | Balance, end of period | $ | 68.5 | | | $ | 10.6 | | | $ | 8.1 | | | 87.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2023 | | (in millions) | Mobility | | Corporate Payments | | Benefits | | Total | | | | | | | | | | | | | | | | | | Balance, beginning of period | $ | 102.3 | | | $ | 14.4 | | | $ | 1.1 | | | $ | 117.8 | | Provision for credit losses(1) | 21.5 | | | 1.0 | | | 0.2 | | | 22.7 | | Charges to other accounts(2) | 7.5 | | | — | | | — | | | 7.5 | | | Charge-offs | (41.3) | | | (0.9) | | | — | | | (42.2) | | | Recoveries of amounts previously charged-off | 6.2 | | | — | | | — | | | 6.2 | | | Currency translation | — | | | — | | | — | | | — | | | Balance, end of period | $ | 96.2 | | | $ | 14.5 | | | $ | 1.3 | | | $ | 112.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | (In millions) | Mobility | | Corporate Payments | | Benefits | | Total | | Balance, beginning of period | $ | 72.8 | | | $ | 9.2 | | | $ | 8.1 | | | $ | 90.1 | | Provision for credit losses(1) | 39.3 | | | 3.6 | | | — | | | 43.0 | | Charges to other accounts(2) | 10.1 | | | — | | | — | | | 10.1 | | | Charge-offs | (60.6) | | | (2.1) | | | — | | | (62.7) | | | Recoveries of amounts previously charged-off | 7.1 | | | — | | | — | | | 7.1 | | | Currency translation | (0.3) | | | (0.1) | | | — | | | (0.4) | | | Balance, end of period | $ | 68.5 | | | $ | 10.6 | | | $ | 8.1 | | | $ | 87.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2023 | | (In millions) | Mobility | | Corporate Payments | | Benefits | | Total | | Balance, beginning of period | $ | 94.6 | | | $ | 14.4 | | | $ | 0.8 | | | $ | 109.8 | | Provision for credit losses(1) | 66.3 | | | 1.4 | | | 0.4 | | | 68.1 | | Charges to other accounts(2) | 15.3 | | | — | | | 0.1 | | | 15.4 | | | Charge-offs | (90.7) | | | (1.5) | | | — | | | (92.2) | | | Recoveries of amounts previously charged-off | 10.7 | | | — | | | — | | | 10.7 | | | Currency translation | — | | | 0.2 | | | — | | | 0.2 | | | Balance, end of period | $ | 96.2 | | | $ | 14.5 | | | $ | 1.3 | | | $ | 112.0 | |
(1)The provision is comprised of estimated credit losses based on the Company’s loss-rate experience and includes adjustments required for forecasted credit loss information. The provision for credit losses reported within this table also includes the provision for fraud losses. (2)Consists primarily of charges to other accounts. The Company earns revenue by assessing monthly finance fees on accounts with overdue balances. These fees are recognized as revenue at the time the fees are assessed. The finance fee is calculated using the greater of a minimum charge or a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. On occasion, these fees are waived to maintain relationship goodwill. Charges to other accounts substantially represent the offset against the late fee revenue recognized when the Company establishes a reserve for such waived amounts.
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