v3.24.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Statement of Cash Flows [Abstract]    
Net income $ 5.3 $ 13.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax (benefit) expense (17.4) 5.5
Depreciation and amortization 99.4 45.4
Amortization of debt issuance costs and debt discount 2.1 2.2
Loss on debt extinguishment 4.3  
Provision for doubtful accounts 3.8 2.5
Net periodic pension and postretirement cost 5.1 0.7
Share-based compensation expense 78.8 81.7
Change in fair value of contingent consideration 0.0 7.2
Other   0.2
Changes in operating assets and liabilities, excluding effects of acquisitions:    
Trade and other receivables (34.5) (27.6)
Prepaid expenses and other current assets (2.6) (13.5)
Deferred sales commissions (14.8) (12.9)
Accounts payable and other accrued expenses (7.6) 5.2
Deferred revenue (1.6) 2.5
Employee compensation and benefits (12.3) (28.1)
Accrued taxes 7.3 13.1
Other assets and liabilities (7.0) (4.1)
Net cash provided by operating activities 108.3 93.0
Cash flows from investing activities    
Purchases of customer funds marketable securities (322.9) (101.6)
Proceeds from sale and maturity of customer funds marketable securities 167.9 174.0
Purchases of marketable securities (4.0)  
Proceeds from sale and maturity of marketable securities 3.0  
Expenditures for property, plant, and equipment (6.7) (10.1)
Expenditures for software and technology (47.7) (46.4)
Acquisition costs, net of cash acquired (173.1)  
Other   (1.0)
Net cash (used in) provided by investing activities (383.5) 14.9
Cash flows from financing activities    
(Decrease) increase in customer funds obligations, net (3.0) 100.4
Proceeds from issuance of common stock under share-based compensation plans 16.8 23.2
Proceeds from debt issuance 650.0  
Repayment of long-term debt obligations (644.7) (4.1)
Payment of debt refinancing costs (11.4)  
Net cash provided by financing activities 7.7 119.5
Effect of exchange rate changes on cash, restricted cash, and equivalents (21.7) 63.1
Net (decrease) increase in cash, restricted cash, and equivalents (289.2) 290.5
Cash, restricted cash, and equivalents at beginning of period 3,421.4 3,151.2
Cash, restricted cash, and equivalents at end of period 3,132.2 3,441.7
Reconciliation of cash, restricted cash, and equivalents to the condensed consolidated balance sheets    
Cash and equivalents 465.4 486.6
Restricted cash 0.8 0.8
Restricted cash and equivalents included in customer funds 2,666.0 2,954.3
Total cash, restricted cash, and equivalents $ 3,132.2 $ 3,441.7