v3.25.2
Fair Value Measurements
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements

3. Fair Value Measurements

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

 

 

June 30, 2025

 

 

 

Level 1

 

 

Level 2

 

 

 

Level 3

 

 

Total

 

 

 

(In millions)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale customer funds assets

 

$

—

 

 

$

2,543.4

 

(a)

 

$

—

 

 

$

2,543.4

 

Total assets measured at fair value

 

$

—

 

 

$

2,543.4

 

 

 

$

—

 

 

$

2,543.4

 

 

 

 

 

December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

 

Level 3

 

 

Total

 

 

 

(In millions)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale customer funds assets

 

$

—

 

 

$

2,327.3

 

(a)

 

$

—

 

 

$

2,327.3

 

Total assets measured at fair value

 

$

—

 

 

$

2,327.3

 

 

 

$

—

 

 

$

2,327.3

 

 

(a)
Fair value is based on inputs that are observable for the asset or liability, other than quoted prices.

Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

During the six months ended June 30, 2025, we did not re-measure any financial assets or liabilities at fair value on a nonrecurring basis. During the year ended December 31, 2024, assets acquired and liabilities assumed as part of a business combination, and liabilities recognized as a part of a debt issuance, were measured at fair value on a nonrecurring basis.