Corpay (CPAY) 10-Q 10 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 15, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	FLT
Entity Registrant Name	FLEETCOR TECHNOLOGIES INC
Entity Central Index Key	0001175454
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		86,193,402

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	[1]	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,057,465		$ 1,031,145	[2]
Restricted cash	315,106		333,748
Accounts and other receivables (less allowance for doubtful accounts of $66,194 at March 31, 2019 and $59,963 at December 31, 2018)	1,655,459		1,425,815
Securitized accounts receivable—restricted for securitization investors	942,000		886,000
Prepaid expenses and other current assets	202,029		199,278
Total current assets	4,172,059		3,875,986
Property and equipment, net	186,251		186,201
Goodwill	4,549,099		4,542,074
Other intangibles, net	2,355,639		2,407,910
Investments	26,506		42,674
Other assets	225,361		147,632
Total assets	11,514,915		11,202,477
Current liabilities:
Accounts payable	1,518,827		1,117,649
Accrued expenses	311,357		261,594
Customer deposits	768,342		926,685
Securitization facility	942,000		886,000
Current portion of notes payable and lines of credit	865,318		1,184,616
Other current liabilities	156,254		118,669
Total current liabilities	4,562,098		4,495,213
Notes payable and other obligations, less current portion	2,708,251		2,748,431
Deferred income taxes	494,025		491,946
Other noncurrent liabilities	219,574		126,707
Total noncurrent liabilities	3,421,850		3,367,084
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.001 par value; 475,000,000 shares authorized; 123,406,538 shares issued and 86,189,402 shares outstanding at March 31, 2019; and 123,035,859 shares issued and 85,845,344 shares outstanding at December 31, 2018	123		123
Additional paid-in capital	2,382,179		2,306,843
Retained earnings	3,989,763		3,817,656
Accumulated other comprehensive loss	(934,192)		(913,858)
Less treasury stock, 37,217,136 shares at March 31, 2019 and 37,190,515 shares at December 31, 2018	(1,906,906)		(1,870,584)
Total stockholders’ equity	3,530,967		3,340,180
Total liabilities and stockholders’ equity	$ 11,514,915		$ 11,202,477
[1]	Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.
[2]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 66,194	$ 59,963
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	475,000,000	475,000,000
Common stock, shares issued (in shares)	123,406,538	123,035,859
Common stock, shares outstanding (in shares)	86,189,402	85,845,344
Treasury stock, shares (in shares)	37,217,136	37,190,515

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019		Mar. 31, 2018
Income Statement [Abstract]
Revenues, net	$ 621,825		$ 585,500
Expenses:
Processing	129,114		116,485
Selling	49,261		47,111
General and administrative	92,784		90,370
Depreciation and amortization	67,445		71,502
Other operating, net	(955)		(55)
Operating income	284,176		260,087
Investment loss	15,660	[1]	0
Other expense (income), net	220		(297)
Interest expense, net	39,055		31,065
Total other expense	54,935		30,768
Income before income taxes	229,241		229,319
Provision for income taxes	57,134		54,382
Net income	$ 172,107	[1]	$ 174,937
Earnings per share:
Basic earnings per share (in dollars per share)	$ 2		$ 1.95
Diluted earnings per share (in dollars per share)	$ 1.93		$ 1.88
Weighted average shares outstanding:
Basic (in shares)	85,941		89,765
Diluted (in shares)	89,244		93,250
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019		Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 172,107	[1]	$ 174,937
Other comprehensive (loss) income:
Foreign currency translation gains, net of tax	373		43,254
Net change in derivative contracts, net of tax	(20,707)		0
Total other comprehensive (loss) income	(20,334)		43,254
Total comprehensive income	$ 151,773		$ 218,191
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total		Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Stockholders' Equity beginning balance at Dec. 31, 2017	$ 3,676,522		$ 122	$ 2,214,224	$ 2,958,921	$ (551,857)	$ (944,888)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	174,937				174,937
Other comprehensive income from currency, net of tax	43,254					43,254
Acquisition of common stock	(88,292)			0			(88,292)
Share-based compensation	14,403			14,403
Issuance of common stock	19,976		1	19,975
Stockholders' Equity ending balance at Mar. 31, 2018	3,888,052		123	2,248,602	3,181,110	(508,603)	(1,033,180)
Stockholders' Equity beginning balance at Dec. 31, 2018	3,340,180		123	2,306,843	3,817,656	(913,858)	(1,870,584)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	172,107	[1]			172,107
Other comprehensive income from currency, net of tax	(20,334)					(20,334)
Acquisition of common stock	(3,322)			33,000			(36,322)
Share-based compensation	12,541			12,541
Issuance of common stock	29,795			29,795
Stockholders' Equity ending balance at Mar. 31, 2019	$ 3,530,967	[2]	$ 123	$ 2,382,179	$ 3,989,763	$ (934,192)	$ (1,906,906)
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.
[2]	Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Statement of Stockholders' Equity [Abstract]
Other comprehensive income, from currency, tax	$ 0

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2019	[1]	Mar. 31, 2018	Dec. 31, 2018
Operating activities
Net income	$ 172,107		$ 174,937
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	15,132		12,397
Stock-based compensation	12,541		14,403
Provision for losses on accounts receivable	22,164		11,997
Amortization of deferred financing costs and discounts	1,205		1,339
Amortization of intangible assets and premium on receivables	52,313		59,105
Deferred income taxes	(2,696)		(4,829)
Investment loss	15,660		0
Other non-cash operating income	(1,574)		(57)
Changes in operating assets and liabilities (net of acquisitions):
Accounts and other receivables	(302,395)		(288,152)
Prepaid expenses and other current assets	644		32,074
Other assets	(14,517)		(7,101)
Accounts payable, accrued expenses and customer deposits	326,910		194,589
Net cash provided by operating activities	297,494		200,702
Investing activities
Acquisitions, net of cash acquired	0		(3,875)
Purchases of property and equipment	(14,506)		(15,214)
Other	0		(3,642)
Net cash used in investing activities	(14,506)		(22,731)
Financing activities
Proceeds from issuance of common stock	29,795		19,975
Repurchase of common stock	(3,322)		(88,292)
Borrowings on securitization facility, net	56,000		18,000
Deferred financing costs paid and debt discount	(284)		0
Principal payments on notes payable	(32,438)		(34,500)
Borrowings from revolver	0		420,258
Payments on revolver	(353,638)		(439,351)
Borrowings on swing line of credit, net	31,032		5,009
Other	(63)		(92)
Net cash used in financing activities	(272,918)		(98,993)
Effect of foreign currency exchange rates on cash	(2,392)		12,653
Net increase in cash and cash equivalents and restricted cash	7,678		91,631
Cash and cash equivalents and restricted cash, beginning of period	1,364,893		1,130,870	$ 1,130,870
Cash and cash equivalents and restricted cash, end of period	1,372,571		1,222,501	$ 1,364,893	[1]
Supplemental cash flow information
Cash paid for interest	46,904		35,634
Cash paid for income taxes	$ 17,894		$ 16,830
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation Throughout this report, the terms “our,” “we,” “us,” and the “Company” refers to FLEETCOR Technologies, Inc. and its subsidiaries. The Company prepared the accompanying interim consolidated financial statements in accordance with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”). The unaudited consolidated financial statements reflect all adjustments considered necessary for fair presentation. These adjustments consist of normal recurring accruals and estimates that impact the carrying value of assets and liabilities. Actual results may differ from these estimates. The unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Foreign Currency Translation Assets and liabilities of foreign subsidiaries are translated into U.S. dollars at the rates of exchange in effect at period-end. The related translation adjustments are made directly to accumulated other comprehensive income. Income and expenses are translated at the average monthly rates of exchange in effect during the period. Gains and losses from foreign currency transactions of these subsidiaries are included in net income. The Company recognized foreign exchange gains of $0.03 million and $0.5 million for the three months ended March 31, 2019 and 2018 , respectively. The Company recorded foreign currency losses on long-term intra-entity transactions of $77.0 million and $24.4 million for the three months ended March 31, 2019 and 2018, respectively, included as a component of foreign currency translation (losses) gains, net of tax, on the Unaudited Consolidated Statements of Comprehensives Income. Derivatives The Company uses derivatives to (a) minimize its exposures related to changes in interest rates and (b) facilitate cross-currency corporate payments by writing derivatives to customers. The Company is exposed to the risk of increasing interest rates because our borrowings are subject to variable interest rates. In order to mitigate this risk, the Company has elected to engage in the use of derivative instruments. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recorded in other assets or other liabilities and offset against accumulated other comprehensive income/loss, net of tax. Cash flow hedges consist of hedges a portion of the Company's variable rate debt. Derivative fair value changes that are captured in accumulated other comprehensive income/loss are reclassified to earnings in the same period or periods the hedged item affects earnings, to the extent the instrument is effective in offsetting the change in cash flows attributable to the risk being hedged. The portions of the change in fair value that are either considered ineffective or are excluded from the measure of effectiveness are recognized immediately in interest expense, net in the unaudited consolidated statements of income. At Cambridge Global Payments ("Cambridge"), the Company uses derivatives to facilitate cross-currency corporate payments by writing derivatives to customers, which are not designated as hedging instruments. The majority of Cambridge's revenue is from exchanges of currency at spot rates, which enable customers to make cross-currency payments. In addition, Cambridge also writes foreign currency forward and option contracts for its customers to facilitate future payments. The duration of these derivative contracts at inception is generally less than one year. The Company aggregates its foreign exchange exposures arising from customer contracts, including forwards, options and spot exchanges of currency, and economically hedges the resulting net currency risks by entering into offsetting contracts with established financial institution counterparties. The changes in fair value related to these contracts are recorded in revenues, net in the Unaudited Consolidated Statements of Income. The Company recognizes all derivatives in "prepaid expenses and other current assets" and "other current liabilities" in the accompanying Unaudited Consolidated Balance Sheets at their fair value. All cash flows associated with derivatives are included in cash flows from operating activities in the Unaudited Consolidated Statements of Cash Flows. Cash, Cash Equivalents, and Restricted Cash Cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less. Restricted cash represents customer deposits repayable on demand. Revenue The Company provides payment solutions to our business, merchant, consumer and payment network customers. Our payment solutions are primarily focused on specific commercial spend categories, including fuel, lodging, tolls, and general corporate payments, as well as gift card solutions (stored value cards). The Company provides products that help businesses of all sizes control, simplify and secure payment of various domestic and cross-border payables using specialized payment products. The Company also provides other payment solutions for fleet maintenance, employee benefits and long haul transportation-related services. Revenues from contracts with customers, within the scope of Topic 606, represent approximately 80% of total consolidated revenues, net, for the three months ended March 31, 2019. Disaggregation of Revenues The Company provides its services to customers across different payment solutions and geographies. Revenue by product (in millions) for the three months ended March 31 was as follows: Revenues, net by Product Category Three Months Ended March 31, Three Months Ended March 31, 2019 % 2018 2 % Fuel 1 283 45 % 265 45 % Corporate Payments 110 18 % 95 16 % Tolls 1 89 14 % 90 15 % Lodging 42 7 % 39 7 % Gift 48 8 % 49 8 % Other 1 49 8 % 48 8 % Consolidated Revenues, net 622 100 % 586 100 % Revenue by geography (in millions) for the three months ended March 31 was as follows: Revenues, net by Geography Three Months Ended March 31, Three Months Ended March 31, 2019 % 2018 % United States 371 60 % 344 59 % Brazil 106 17 % 107 18 % United Kingdom 68 11 % 64 11 % Other 77 12 % 71 12 % Consolidated Revenues, net 622 100 % 586 100 % 1 Reflects certain reclassifications of revenue between product categories as the Company realigned its Brazil business into product lines, resulting in refinement of revenue classified as fuel versus tolls and the reclassification of the E-Cash/OnRoad product being realigned to fuel from other. 2 Reflects adjustments from previously disclosed amounts for the prior period to conform to current presentation. Contract Liabilities Deferred revenue contract liabilities for customers subject to ASC 606 were $76.1 million and $30.6 million as of March 31, 2019 and December 31, 2018, respectively. We expect to recognize substantially all of these amounts in revenues within approximately 12 months. Revenue recognized in the three months ended March 31, 2019, that was included in the deferred revenue contract liability as of December 31, 2018 was approximately $16.2 million . Spot Trade Offsetting The Company uses spot trades to facilitate cross-currency corporate payments in its Cambridge business. Timing in the receipt of cash from the customer results in intermediary balances in the receivable from the customer and the payment to the customer's counterparty. In accordance with ASC Subtopic 210-20, "Offsetting," the Company applies offsetting to spot trade assets and liabilities associated with contracts that include master netting agreements, as a right of setoff exists, which the Company believes to be enforceable. As such, the Company has netted the Company's net exposure with these counterparties, with the receivables from the customer. The Company recognizes all spot trade assets, net in prepaid expense and other current assets and all spot trade liabilities, net in other current liabilities, each net at the customer level, in its Consolidated Balance Sheets at their fair value. Adoption of New Accounting Standards Accounting for Leases In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which requires lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. This ASU also requires disclosures to provide additional information about the amounts recorded in the financial statements. Effective January 1, 2019, the Company adopted Topic 842 using a modified retrospective approach, as discussed further in Footnote 2. Accounting for Derivative Financial Instruments In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities", which amends the hedge accounting recognition and presentation requirements in ASC 815. The FASB issued accounting guidance to better align hedge accounting with a company’s risk management activities, simplify the application of hedge accounting and improve the disclosures of hedging arrangements. The guidance is effective for the Company for reporting periods beginning after December 15, 2018, and interim periods within those years. The Company adopted this guidance on January 1, 2019, which did not have a material impact on the Company's results of operations, financial condition, or cash flows. The guidance did simplify the Company's accounting for interest rate swap hedges allowing more time for the initial hedge effectiveness documentation and a qualitative assessment at each quarter end for continued effectiveness assessment. In October 2018, the FASB issued ASU 2018-16, which amends ASC 2018-16, "Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate, Overnight Index Swap Rate as a Benchmark Interest Rate for Hedge Accounting Purposes," which amends the hedge accounting to add overnight index swap rates based on the secured overnight financing rate as a fifth U.S. benchmark interest rate. The Company adopted this guidance on January 1, 2019, which did not have a material impact on the Company's results of operations, financial condition, or cash flows. Comprehensive Income Classification In February 2018, the FASB issued ASU 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income", that gives entities the option to reclassify to retained earnings tax effects related to items that have been stranded in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act (the "Tax Act"). An entity that elects to reclassify these amounts must reclassify stranded tax effects related to the Tax Act’s change in U.S. federal tax rate for all items accounted for in other comprehensive income. These entities can also elect to reclassify other stranded effects that relate to the Tax Act but do not directly relate to the change in the federal rate. The Company adopted this guidance on January 1, 2019 and elected to not reclassify any items to retained earnings. Non-Employee Share-Based Payments In June 2018, the FASB issued ASU 2018-07, "Compensation—Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting", that supersedes ASC 505-50 and expands the scope of ASC 718 to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. Under the new guidance, the existing employee guidance will apply to non-employee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of non-employee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for non-employee awards. The Company adopted this guidance on January 1, 2019, which had no impact on the Company's results of operations, financial condition, or cash flows. Pending Adoption of Recently Issued Accounting Standards Cloud Computing Arrangements On August 29, 2018, the FASB issued ASU 2018-15, "Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract", that provides guidance on implementation costs incurred in a cloud computing arrangement (CCA) that is a service contract. The ASU, which was released in response to a consensus reached by the EITF at its June 2018 meeting, aligns the accounting for such costs with the guidance on capitalizing costs associated with developing or obtaining internal-use software. Specifically, the ASU amends ASC 350 to include in its scope implementation costs of a CCA that is a service contract and clarifies that a customer should apply ASC 350-40 to determine which implementation costs should be capitalized in such a CCA. The guidance is effective for the Company for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted, including in interim periods. The guidance should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company's adoption of this ASU is not expected to have a material impact on the results of operations, financial condition, or cash flows. Fair Value Measurement On August 28, 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement", which removes, modifies, and adds certain disclosure requirements related to fair value measurements in ASC 820. The guidance is effective for the Company for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The guidance on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other guidance should be applied retrospectively to all periods presented upon their effective date. The Company is permitted to early adopt any removed or modified disclosures upon issuance of this guidance and delay adoption of the additional disclosures until their effective date. The Company's adoption of this ASU is not expected to have a material impact on the results of operations, financial condition, or cash flows. Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes how companies measure and recognize credit impairment for many financial assets. The new expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets (including trade receivables) that are in the scope of the update. The update also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees. The ASU is effective for the Company on January 1, 2020. Early adoption is permitted for periods beginning on or after January 1, 2019. The Company is evaluating the effect of ASU 2016-13 on its consolidated financial statements.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases Effective January 1, 2019, the Company adopted Topic 842 using a modified retrospective method. Under this transition method, the Company has not restated comparative periods, and prior comparative periods will be reported under the prior guidance, ASC 840. On January 1, 2019, based on the present value of the lease payments for the remaining lease term of the Company's existing leases, the Company recognized right-of-use (“ROU”) assets of $55.9 million and lease liabilities for operating leases of $65.5 million . At March 31, 2019, other assets includes a ROU asset of $66.1 million , other current liabilities includes short term operating lease liabilities of $14.3 million , and other non-current liabilities includes long term lease liabilities of $64.6 million . Finance leases are immaterial. The Company primarily leases office space, data centers, vehicles, and equipment. Some of our leases contain variable lease payments, typically payments based on an index. The Company’s leases have remaining lease terms of one year to thirty years , some of which include options to extend from one to five years or more. The exercise of lease renewal options is typically at the Company's sole discretion; therefore, the majority of renewals to extend the lease terms are not included in ROU assets and lease liabilities as they are not reasonably certain of exercise. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease commencement, for the purposes of transition, the rate in effect at January 1, 2019. Additional payments based on the change in an index or rate are recorded as a period expense when incurred. Lease modifications result in remeasurement of the lease liability as of the modification date. For contracts entered into on or after the effective date or at the inception of a contract the Company assessed whether the contract is, or contains, a lease. The assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether the Company has the right to direct the use of the asset. The Company elected the package of practical expedients to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs for all leases. Therefore, leases entered into prior to January 1, 2019, are accounted for under the prior accounting standard and were not reassessed. The Company has also elected not to recognize ROU assets and lease liabilities for short-term leases that have a term of twelve months or less. The effect of short-term leases would not be material our ROU assets and lease liability. Under ASC 842, a Company discounts future lease obligations by the rate implicit in the contract, unless the rate cannot be readily determined. As most of our leases do not provide an implicit rate, the Company uses our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. In determining the borrowing rate, the Company considered the applicable lease terms, the Company's cost of borrowing, and for leases denominated in a foreign currency, the collateralized borrowing rate that the Company would obtain to borrow in the same currency in which the lease is denominated. Total lease costs for the three months ended March 31, 2019 were $4.4 million . The supplementary cash and non-cash disclosures for the three months ended March 31, 2019 are as follows (in millions): Three Months Ended March 31, 2019 Cash paid for operating lease liabilities $ 4,607 Right-of-use assets obtained in exchange for new operating lease obligations 1 $ 69,744 Weighted-average remaining lease term (years) 7.5 Weighted-average discount rate 3.73 % 1 Includes $55.9 million for operating leases existing on January 1, 2019 Maturities of lease liabilities as of March 31, 2019 were as follows (in thousands): 2020 $ 16,570 2021 14,540 2022 11,543 2023 9,720 2024 8,580 Thereafter 31,802 Total Lease Payments 92,755 Less imputed interest (13,844 ) Present value of lease liabilities $ 78,911

Accounts Receivable

Accounts Receivable	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Accounts Receivable	Accounts Receivable The Company maintains a $1.2 billion revolving trade accounts receivable Securitization Facility. Accounts receivable collateralized within our Securitization Facility relate to our U.S. trade receivables resulting from charge card activity. Pursuant to the terms of the Securitization Facility, the Company transfers certain of its domestic receivables, on a revolving basis, to FLEETCOR Funding LLC (Funding) a wholly-owned bankruptcy remote subsidiary. In turn, Funding transfers, on a revolving basis, up to $1.2 billion of undivided ownership interests in this pool of accounts receivable to a multi-seller, asset-backed commercial paper conduit (Conduit). Funding maintains a subordinated interest, in the form of over-collateralization, in a portion of the receivables sold to the Conduit. Purchases by the Conduit are financed with the sale of highly-rated commercial paper. The Company utilizes proceeds from the transferred assets as an alternative to other forms of financing to reduce its overall borrowing costs. The Company has agreed to continue servicing the sold receivables for the financial institution at market rates, which approximates the Company’s cost of servicing. The Company retains a residual interest in the accounts receivable sold as a form of credit enhancement. The residual interest’s fair value approximates carrying value due to its short-term nature. Funding determines the level of funding achieved by the sale of trade accounts receivable, subject to a maximum amount. The Company’s Unaudited Consolidated Balance Sheets and Statements of Income reflect the activity related to securitized accounts receivable and the corresponding securitized debt, including interest income, fees generated from late payments, provision for losses on accounts receivable and interest expense. The cash flows from borrowings and repayments, associated with the securitized debt, are presented as cash flows from financing activities. The Company’s accounts receivable and securitized accounts receivable include the following at March 31, 2019 and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 Gross domestic accounts receivable $ 746,954 $ 668,154 Gross domestic securitized accounts receivable 942,000 886,000 Gross foreign receivables 974,699 817,624 Total gross receivables 2,663,653 2,371,778 Less allowance for doubtful accounts (66,194 ) (59,963 ) Net accounts and securitized accounts receivable $ 2,597,459 $ 2,311,815 A rollforward of the Company’s allowance for doubtful accounts related to accounts receivable for the three month period ended March 31 is as follows (in thousands): 2019 2018 Allowance for doubtful accounts beginning of period $ 59,963 $ 46,031 Provision for bad debts 22,164 11,997 Write-offs (15,933 ) (9,039 ) Allowance for doubtful accounts end of period $ 66,194 $ 48,989

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is a market-based measurement that reflects assumptions that market participants would use in pricing an asset or liability. GAAP discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. As the basis for evaluating such inputs, a three-tier value hierarchy prioritizes the inputs used in measuring fair value as follows: • Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets. • Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3: Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following table presents the Company’s financial assets and liabilities which are measured at fair values on a recurring basis at March 31, 2019 and December 31, 2018 , (in thousands). Fair Value Level 1 Level 2 Level 3 March 31, 2019 Assets: Repurchase agreements $ 625,926 $ — $ 625,926 $ — Money market 50,891 — 50,891 — Certificates of deposit 35,156 — 35,156 — Foreign exchange contracts 40,074 — 40,074 — Total assets $ 752,047 $ — $ 752,047 $ — Cash collateral for foreign exchange contracts $ 8,111 $ — $ — $ — Liabilities: Interest rate swaps $ 27,569 $ — $ 27,569 Foreign exchange contracts 39,977 — 39,977 — Total liabilities $ 67,546 $ — $ 67,546 $ — Cash collateral obligation for foreign exchange contracts $ 40,832 $ — $ — $ — December 31, 2018 Assets: Repurchase agreements $ 581,293 $ — $ 581,293 $ — Money market 50,644 — 50,644 — Certificates of deposit 22,412 — 22,412 — Foreign exchange contracts 68,814 21 68,793 — Total assets $ 723,163 $ 21 $ 723,141 $ — Cash collateral for foreign exchange contracts $ 9,644 $ — $ — $ — Liabilities: Foreign exchange contracts $ 72,125 $ — $ 72,125 $ — Total liabilities $ 72,125 $ — $ 72,125 $ — Cash collateral obligation for foreign exchange contracts $ 73,140 $ — $ — $ — The Company has highly-liquid investments classified as cash equivalents, with original maturities of 90 days or less, included in our Unaudited Consolidated Balance Sheets. The Company utilizes Level 2 fair value determinations derived from directly or indirectly observable (market based) information to determine the fair value of these highly liquid investments. The Company has certain cash and cash equivalents that are invested on an overnight basis in repurchase agreements, money markets and certificates of deposit. The value of overnight repurchase agreements is determined based upon the quoted market prices for the treasury securities associated with the repurchase agreements. The value of money market instruments is the financial institutions' month-end statement, as these instruments are not tradeable and must be settled directly by us with the respective financial institution. Certificates of deposit are valued at cost, plus interest accrued. Given the short-term nature of these instruments, the carrying value approximates fair value. Foreign exchange derivative contracts are carried at fair value, with changes in fair value recognized in the Unaudited Consolidated Statements of Income. The fair value of the Company's derivatives is derived with reference to a valuation from a derivatives dealer operating in an active market, which approximates the fair value of these instruments. The fair value represents what would be received and or paid by the Company if the contracts were terminated as of the reporting date. Cash collateral received for foreign exchange derivatives is recorded within customer deposits in the Company's Unaudited Consolidated Balance Sheet. Cash collateral paid for foreign exchange derivatives is recorded within restricted cash in the Company's Unaudited Consolidated Balance Sheet. The carrying value of interest rate swap contracts is at fair value, which is determined based on current and forward interest rates as of the balance sheet date and is classified within Level 2. The level within the fair value hierarchy and the measurement technique are reviewed quarterly. Transfers between levels are deemed to have occurred at the end of the quarter. There were no transfers between fair value levels during the periods presented for 2019 and 2018 . The Company’s assets that are measured at fair value on a nonrecurring basis or are evaluated with periodic testing for impairment include property, plant and equipment, investments, goodwill and other intangible assets. Estimates of the fair value of assets acquired and liabilities assumed in business combinations are generally developed using key inputs such as management’s projections of cash flows on a held-and-used basis (if applicable), discounted as appropriate, management’s projections of cash flows upon disposition and discount rates. Accordingly, these fair value measurements are in Level 3 of the fair value hierarchy. For derivatives that will be accounted for as hedging instruments, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the strategy for undertaking the hedge transaction. In addition, the Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments used in hedging transactions are effective at offsetting changes in cash flows of the related underlying exposures. Any ineffective portion of a financial instrument's change in fair value is immediately recognized into earnings. The Company determines the fair values of its derivatives based on quoted market prices or pricing models using current market rates. The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates, foreign currency exchange rates, commodity rates or other financial indices. The Company's derivatives are straightforward over-the-counter instruments with liquid markets. The Company regularly evaluates the carrying value of its investments and during the first quarter of 2019, determined that the fair value of its telematics investment was below cost and recorded an impairment of the investment of $15.7 million based on observable price changes. Since initial date of investments, the Company has recorded cumulative impairment losses of $136.3 million . The fair value of the Company’s cash, accounts receivable, securitized accounts receivable and related facility, prepaid expenses and other current assets, accounts payable, accrued expenses, customer deposits and short-term borrowings approximate their respective carrying values due to the short-term maturities of the instruments. The carrying value of the Company’s debt obligations approximates fair value as the interest rates on the debt are variable market based interest rates that reset on a quarterly basis. These are each Level 2 fair value measurements, except for cash, which is a Level 1 fair value measurement.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity The Company's Board of Directors has approved a stock repurchase program (the "Program") under which the Company may purchase up to an aggregate of $2.1 billion of its common stock over the following 18 month period. The Program was updated most recently on January 23, 2019, the Company's Board of Directors, with an authorized increase in the size of the program by an additional $500 million . With the increase and giving effect to the Company's $1.6 billion of previous repurchases, the Company may repurchase up to $545 million in shares of its common stock at any time prior to February 1, 2020. Any stock repurchases may be made at times and in such amounts as deemed appropriate. The timing and amount of stock repurchases, if any, will depend on a variety of factors including the stock price, market conditions, corporate and regulatory requirements, and any additional constraints related to material inside information the Company may possess. Any repurchases have been and are expected to be funded by a combination of available cash flow from the business, working capital and debt. On December 14, 2018, as part of the Program, the Company entered an accelerated stock repurchase agreement ("2018 ASR Agreement") with a third-party financial institution to repurchase $220 million of its common stock. Pursuant to the 2018 ASR Agreement, the Company delivered $220 million in cash and received 1,057,035 shares based on a stock price of $176.91 on December 14, 2018. The 2018 ASR Agreement was completed on January 29, 2019, at which time the Company received 117,751 additional shares based on a final weighted average per share purchase price during the repurchase period of $187.27 . The Company accounted for the ASR Agreement as two separate transactions: (i) as shares of reacquired common stock for the shares delivered to the Company upon effectiveness of each ASR agreement and (ii) as a forward contract indexed to the Company's common stock for the undelivered shares. The initial delivery of shares was included in treasury stock at cost and results in an immediate reduction of the outstanding shares used to calculate the weighted average common shares outstanding for basic and diluted earnings per share. The forward contracts indexed to the Company's own common stock met the criteria for equity classification, and these amounts were initially recorded in additional paid-in capital. Since the beginning of the Program, 9,052,163 shares for an aggregate purchase price of $1.6 billion have been repurchased.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has Stock Incentive Plans (the Plans) pursuant to which the Company’s board of directors may grant stock options or restricted stock to employees. On February 7, 2018, the stockholders of the Company approved the FleetCor Technologies, Inc. Amended and Restated 2010 Equity Incentive Plan (the "Amended Plan") which was authorized and approved by the Company's Board of Directors on December 20, 2017. The Amended Plan amends the Company’s existing 2010 Equity Incentive Plan (as amended, the "Prior Plan") to, among other things, increase the number of shares of common stock available for issuance from 13,250,000 to 16,750,000 and make certain other amendments to the Prior Plan. The table below summarizes the expense related to share-based payments recognized in the three months ended March 31 (in thousands): Three Months Ended 2019 2018 Stock options $ 10,165 $ 10,699 Restricted stock 2,376 3,704 Stock-based compensation $ 12,541 $ 14,403 The tax benefits recorded on stock based compensation were $9.9 million and $8.1 million for the three months ended March 31, 2019 and 2018 , respectively. The following table summarizes the Company’s total unrecognized compensation cost related to stock-based compensation as of March 31, 2019 (cost in thousands): Unrecognized Compensation Cost Weighted Average Period of Expense Recognition (in Years) Stock options $ 53,415 1.21 Restricted stock 11,967 0.75 Total $ 65,382 Stock Options Stock options are granted with an exercise price estimated to be equal to the fair market value on the date of grant as authorized by the Company’s board of directors. Options granted have vesting provisions ranging from one to five years and vesting of the options is generally based on the passage of time or performance. Stock option grants are subject to forfeiture if employment terminates prior to vesting. The following summarizes the changes in the number of shares of common stock under option for the three months ended March 31, 2019 (shares/options and aggregate intrinsic value in thousands): Shares Weighted Average Exercise Price Options Exercisable at End of Period Weighted Average Exercise Price of Exercisable Options Weighted Average Fair Value of Options Granted During the Period Aggregate Intrinsic Value Outstanding at December 31, 2018 7,616 $ 117.58 5,174 $ 98.39 $ 518,954 Granted 140 255.47 $ 56.47 Exercised (278 ) 107.15 38,752 Forfeited (18 ) 153.37 Outstanding at March 31, 2019 7,460 $ 119.91 4,987 $ 98.80 $ 945,049 Expected to vest as of March 31, 2019 2,473 $ 162.48 The aggregate intrinsic value of stock options exercisable at March 31, 2019 was $737.0 million . The weighted average remaining contractual term of options exercisable at March 31, 2019 was 5.1 years. The fair value of stock option awards granted was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions for grants or modifications during the three months ended March 31, 2019 and 2018 : March 31, 2019 2018 Risk-free interest rate 2.49 % 2.46 % Dividend yield — — Expected volatility 26.64 % 27.11 % Expected life (in years) 4.0 3.9 Restricted Stock Awards of restricted stock and restricted stock units are independent of stock option grants and are subject to forfeiture if employment terminates prior to vesting. The vesting of shares granted is generally based on the passage of time, performance or market conditions, or a combination of these. Shares vesting based on the passage of time have vesting provisions of one to three years. The following table summarizes the changes in the number of shares of restricted stock and restricted stock units for the three months ended March 31, 2019 (shares in thousands): Shares Weighted Average Grant Date Fair Value Outstanding at December 31, 2018 174 $ 190.73 Granted 77 228.53 Vested (104 ) 201.05 Canceled or forfeited (23 ) 209.43 Outstanding at March 31, 2019 124 $ 216.03

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions 2018 Acquisitions On December 27, 2018, the Company completed an acquisition of an online gift card solution provider with an aggregate purchase price of $17.0 million , net of cash acquired of $11.0 million and made deferred payments of $3.9 million related to acquisitions occurring in prior years. The accounting for this acquisition is preliminary as the Company is still completing the valuation of goodwill, intangible assets, income taxes and evaluation of acquired contingencies. The following table summarizes the preliminary acquisition accounting for the acquisition (in thousands): Trade and other receivables $ 10,214 Prepaid expenses and other 267 Property and equipment 161 Other long term assets 135 Goodwill 18,896 Customer relationships and other identifiable intangible assets 9,170 Liabilities assumed (19,423 ) Deferred tax liabilities (2,376 ) Aggregate purchase price $ 17,044 The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands): Useful Lives (in Years) Value Customer relationships and other identifiable intangible assets 10 $ 9,170 $ 9,170 During 2018, the Company acquired other assets of $4.2 million and payments on a seller note for a prior acquisition of $1.6 million . The Company financed the acquisitions using a combination of existing cash and borrowings under its existing credit facility.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets A summary of changes in the Company’s goodwill by reportable business segment is as follows (in thousands): December 31, 2018 Acquisition Accounting Adjustments Foreign Currency March 31, 2019 Segment North America $ 3,087,875 $ 2,711 $ 4,574 $ 3,095,160 International 1,454,199 — (260 ) 1,453,939 $ 4,542,074 $ 2,711 $ 4,314 $ 4,549,099 As of March 31, 2019 and December 31, 2018 , other intangible assets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Weighted- Avg Useful Lives (Years) Gross Carrying Amounts Accumulated Amortization Net Carrying Amount Gross Carrying Amounts Accumulated Amortization Net Carrying Amount Customer and vendor relationships 17.1 $ 2,620,473 $ (818,268 ) $ 1,802,205 $ 2,625,270 $ (776,383 ) $ 1,848,887 Trade names and trademarks—indefinite lived N/A 479,421 — 479,421 479,555 — 479,555 Trade names and trademarks—other 14.3 4,959 (2,577 ) 2,382 2,957 (2,501 ) 456 Software 5.9 213,601 (159,491 ) 54,110 212,733 (152,416 ) 60,317 Non-compete agreements 4.1 47,971 (30,450 ) 17,521 47,009 (28,314 ) 18,695 Total other intangibles $ 3,366,425 $ (1,010,786 ) $ 2,355,639 $ 3,367,524 $ (959,614 ) $ 2,407,910 Changes in foreign exchange rates resulted in a $4.3 million increase to the carrying values of other intangible assets in the three months ended March 31, 2019 . Amortization expense related to intangible assets for the three months ended March 31, 2019 and 2018 was $51.2 million and $57.8 million , respectively.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt The Company’s debt instruments consist primarily of term notes, revolving lines of credit and a Securitization Facility as follows (in thousands): March 31, 2019 December 31, 2018 Term Loan A note payable (a), net of discounts $ 2,484,495 $ 2,515,519 Term Loan B note payable (a), net of discounts 343,319 344,180 Revolving line of credit A Facility(a) 490,000 655,000 Revolving line of credit B Facility(a) 159,922 345,446 Revolving line of credit C Facility(a) 35,000 35,000 Revolving line of credit B Facility - foreign swing line (a) 30,749 — Other debt(c) 30,084 37,902 Total notes payable and other obligations 3,573,569 3,933,047 Securitization Facility(b) 942,000 886,000 Total notes payable, credit agreements and Securitization Facility $ 4,515,569 $ 4,819,047 Current portion $ 1,807,318 $ 2,070,616 Long-term portion 2,708,251 2,748,431 Total notes payable, credit agreements and Securitization Facility $ 4,515,569 $ 4,819,047 ______________________ (a) The Company has a Credit Agreement and provides for senior secured credit facilities consisting of a revolving credit facility in the amount of $1.285 billion , a term loan A facility in the amount of $2.525 billion and a term loan B facility in the amount of $350 million as of March 31, 2019 . The revolving credit facility consists of (a) a revolving A credit facility in the amount of $800 million , with sublimits for letters of credit and swing line loans, (b) a revolving B facility in the amount of $450 million with borrowings in U.S. Dollars, Euros, British Pounds, Japanese Yen or other currency as agreed in advance, and a sublimit for swing line loans, and (c) a revolving C facility in the amount of $35 million for borrowings in U.S. Dollars, Australian Dollars or New Zealand Dollars. The Credit Agreement also includes an accordion feature for borrowing an additional $750 million in term A, term B, revolver A or revolver B debt. Proceeds from the credit facilities may be used for working capital purposes, acquisitions, and other general corporate purposes. The maturity date for the term A loan and revolving credit facilities is December 19, 2023. The maturity date for the term B loan is August 2, 2024 . Interest on amounts outstanding under the Credit Agreement (other than the term B loan) accrues based on the British Bankers Association LIBOR Rate (the Eurocurrency Rate), plus a margin based on a leverage ratio, or our option, the Base Rate (defined as the rate equal to the highest of (a) the Federal Funds Rate plus 0.50% , (b) the prime rate announced by Bank of America, N.A., or (c) the Eurocurrency Rate plus 1.00% ) plus a margin based on a leverage ratio. Interest on the term B loan facility accrues based on the Eurocurrency Rate plus 2.00% for Eurocurrency Loans or the Base Rate plus 1.00% for Base Rate Loans. In addition, the Company pays a quarterly commitment fee at a rate per annum ranging from 0.20% to 0.40% of the daily unused portion of the credit facility. At March 31, 2019 , the interest rate on the term A loan and the revolving A facility was 4.00% , the interest rate on the the revolving B facility U.S. Dollar borrowings ( $70 million ) was 3.99% , the interest rate on the revolving B facility British Pounds borrowings ( $90 million ) was 2.23% , the interest rate on the term B loan was 4.50% , the interest rate on the revolving C facility was 4.00% and the interest rate on the foreign swing line loan was 2.17% . The unused credit facility fee was 0.30% for all revolving facilities at March 31, 2019 . (b) The Company is party to a $1.2 billion receivables purchase agreement (Securitization Facility) that was amended on February 8, 2019 and April 22, 2019. There is a program fee equal to one month LIBOR plus 0.90% or the Commercial Paper Rate plus 0.80% . The program fee was 2.53% plus 0.88% as of March 31, 2019 and 2.52% plus 0.89% as of December 31, 2018 . The unused facility fee is payable at a rate of 0.40% per annum as of March 31, 2019 and December 31, 2018 . (c) Other debt includes the long-term portion of deferred payments associated with business acquisitions. The Company was in compliance with all financial and non-financial covenants at March 31, 2019 . The Company has entered into interest rate swap cash flow contracts with U.S. dollar notional amounts in order to reduce the variability of cash flows in the previously unhedged interest payments associated with $2.0 billion of variable rate debt. Refer to Footnote 14 for further details.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. Our quarterly tax provision and our quarterly estimate of our annual effective tax rate, are subject to variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate. Additionally, our effective tax rate can be more or less volatile based on the amount of pre-tax income or loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. The provision for income taxes differs from amounts computed by applying the U.S. federal tax rate of 21% for 2019 and 2018 to income before income taxes for the three months ended March 31, 2019 and 2018 due to the following (in thousands): 2019 2018 Computed “expected” tax expense $ 48,141 21.0 % $ 48,157 21.0 % Changes resulting from: Foreign income tax differential (4,692 ) (2.0 )% 2,016 0.9 % Excess tax benefit related to stock-based compensation (6,385 ) (2.8 )% (4,624 ) (2.0 )% State taxes net of federal benefits 3,551 1.5 % 3,373 1.5 % Foreign-sourced nontaxable income (56 ) — % (6,588 ) (2.9 )% Foreign withholding 5,275 2.3 % 5,471 2.4 % GILTI, net of foreign tax credits 2,433 1.1 % 4,921 2.1 % Change in valuation allowance 3,289 1.4 % — — % Other 5,578 2.4 % 1,656 0.7 % Provision for income taxes $ 57,134 24.9 % $ 54,382 23.7 %

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The Company reports basic and diluted earnings per share. Basic earnings per share is computed by dividing net income attributable to shareholders of the Company by the weighted average number of common shares outstanding during the reported period. Diluted earnings per share reflect the potential dilution related to equity-based incentives using the treasury stock method. The calculation and reconciliation of basic and diluted earnings per share for the three months ended March 31 follows (in thousands, except per share data): Three Months Ended 2019 2018 Net income $ 172,107 $ 174,937 Denominator for basic earnings per share 85,941 89,765 Dilutive securities 3,303 3,485 Denominator for diluted earnings per share 89,244 93,250 Basic earnings per share $ 2.00 $ 1.95 Diluted earnings per share $ 1.93 $ 1.88 Diluted earnings per share for the three months ended March 31, 2019 and 2018 excludes the effect of 0.1 million shares of common stock, for both periods, that may be issued upon the exercise of employee stock options because such effect would be anti-dilutive. Diluted earnings per share also excludes the effect of 0.1 million and 0.2 million shares of performance based restricted stock for which the performance criteria have not yet been achieved for the three month periods ended March 31, 2019 and 2018 , respectively.

Segments

Segments	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segments	Segments The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. The Company’s reportable segments represent components of the business for which separate financial information is evaluated regularly by the chief operating decision maker in determining how to allocate resources and in assessing performance. The Company operates in two reportable segments, North America and International. There were no inter-segment sales. The Company’s segment results are as follows for the three month periods ended March 31 (in thousands): Three Months Ended 2019 2018 Revenues, net: North America $ 396,899 $ 364,270 International 224,926 221,230 $ 621,825 $ 585,500 Operating income: North America $ 172,411 $ 155,950 International 111,765 104,137 $ 284,176 $ 260,087 Depreciation and amortization: North America $ 38,292 $ 38,675 International 29,153 32,827 $ 67,445 $ 71,502 Capital expenditures: North America $ 8,377 $ 8,411 International 6,129 6,803 $ 14,506 $ 15,214

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company is involved in various pending or threatened legal actions, arbitration proceedings, claims, subpoenas, and matters relating to compliance with laws and regulations (collectively, legal proceedings). Based on our current knowledge, management presently does not believe that the liabilities arising from these legal proceedings will have a material adverse effect on our consolidated financial condition, results of operations or cash flows. However, it is possible that the ultimate resolution of these legal proceedings could have a material adverse effect on our results of operations and financial condition for any particular period. Shareholder Class Action and Derivative Lawsuits On June 14, 2017, a shareholder filed a class action complaint in the United States District Court for the Northern District of Georgia against the Company and certain of its officers and directors on behalf of all persons who purchased or otherwise acquired the Company’s stock between February 5, 2016 and May 2, 2017. On October 13, 2017, the shareholder filed an amended complaint asserting claims on behalf of a putative class of all persons who purchased or otherwise acquired the Company's common stock between February 4, 2016 and May 3, 2017. The complaint alleges that the defendants made false or misleading statements regarding fee charges and the reasons for its earnings and growth in certain press releases and other public statements in violation of the federal securities laws. Plaintiff seeks class certification, unspecified monetary damages, costs, and attorneys’ fees. The Company disputes the allegations in the complaint and intends to vigorously defend against the claims. On July 10, 2017, a shareholder derivative complaint was filed against the Company and certain of the Company’s directors and officers in the United States District Court for the Northern District of Georgia seeking recovery on behalf of the Company. The derivative complaint alleges that the defendants issued a false and misleading proxy statement in violation of the federal securities laws; that defendants breached their fiduciary duties by causing or permitting the Company to make allegedly false and misleading public statements concerning the Company’s fee charges, and financial and business prospects; and that certain defendants breached their fiduciary duties through allegedly improper sales of stock. The complaint seeks unspecified monetary damages on behalf of the Company, corporate governance reforms, disgorgement of profits, benefits and compensation by the defendants, restitution, costs, and attorneys’ and experts’ fees. On September 20, 2018, the court entered an order deferring the case pending a ruling on the parties’ anticipated motions for summary judgment in the putative shareholder class action, or until otherwise agreed to by the parties. On January 9, 2019, a similar shareholder derivative complaint was filed in the Superior Court of Gwinnett County, Georgia, which is stayed pending a ruling on the parties' anticipated motions for summary judgment in the putative shareholder class action, or until otherwise agreed by the parties. The defendants dispute the allegations in the derivative complaints and intend to vigorously defend against the claims. On February 1, 2019, Schultz Transfer Systems, Inc. filed a complaint against Fleetcor Technologies Operating Company, LLC (“Fleetcor LLC”) in the United States District Court for the Northern District of Georgia. The plaintiff alleges that it is a Fleetcor LLC customer and member of the Fuelman program, and that Fleetcor LLC overcharged the plaintiff for fees and fuel through the Fuelman program. Based on these allegations, the plaintiff asserts claims for breach of contract, breach of the covenant of good faith and fair dealing, fraud, fraudulent concealment, money had and received, and unjust enrichment. The plaintiff seeks to represent a class defined as all persons, including corporate entities, who were enrolled in the Fuelman program between June 2016 and the present. On April 1, 2019, the Company filed a motion to compel arbitration and to dismiss the case, which is pending with the court. The Company disputes the allegations in the complaint and intends to vigorously defend against these claims. Estimating an amount or range of possible losses resulting from litigation proceedings is inherently difficult and requires an extensive degree of judgment, particularly where the matters involve indeterminate claims for monetary damages, and are in the stages of the proceedings where key factual and legal issues have not been resolved. For these reasons, we are currently unable to predict the ultimate timing or outcome of, or reasonably estimate the possible losses or a range of possible losses resulting from the matters described above.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Derivative Financial Instruments and Hedging Activities Foreign Currency Derivatives The Company writes derivatives, primarily foreign currency forward contracts, option contracts, and swaps, mostly with small and medium size enterprises that are customers and derives a currency spread from this activity. Derivative transactions include: • Forward contracts , which are commitments to buy or sell at a future date a currency at a contract price and will be settled in cash. • Option contracts, which gives the purchaser, the right, but not the obligation to buy or sell within a specified time a currency at a contracted price that may be settled in cash. • Swap contracts, which are commitments to settlement in cash at a future date or dates, usually on an overnight basis. The credit risk inherent in derivative agreements represents the possibility that a loss may occur from the nonperformance of a counterparty to the agreements. The Company performs a review of the credit risk of these counterparties at the inception of the contract and on an ongoing basis. The Company also monitors the concentration of its contracts with any individual counterparty against limits at the individual counterparty level. The Company anticipates that the counterparties will be able to fully satisfy their obligations under the agreements, but takes action when doubt arises about the counterparties' ability to perform. These actions may include requiring customers to post or increase collateral, and for all counterparties, the possible termination of the related contracts. The Company does not designate any of its foreign exchange derivatives as hedging instruments in accordance with ASC 815. The aggregate equivalent U.S. dollar notional amount of foreign exchange derivative customer contracts held by the Company as of March 31, 2019 and December 31, 2018 (in millions) is presented in the table below. Notional amounts do not reflect the netting of offsetting trades, although these offsetting positions may result in minimal overall market risk. Aggregate derivative notional amounts can fluctuate from period to period in the normal course of business based on market conditions, levels of customer activity and other factors. Notional March 31, 2019 December 31, 2018 Foreign exchange contracts: Swaps $ 552.9 $ 929.5 Futures, forwards and spot 3,886.7 3,249.9 Written options 4,179.7 3,688.8 Purchased options 3,420.6 2,867.2 Total $ 12,039.9 $ 10,735.4 The majority of customer foreign exchange contracts are written in currencies such as the U.S. Dollar, Canadian Dollar, British Pound, Euro and Australian Dollar. The following table summarizes the fair value of foreign currency derivatives reported in the Unaudited Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 (in millions): March 31, 2019 December 31, 2018 Fair Value, Gross Fair Value, Net Fair Value, Gross Fair Value, Net Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivatives - undesignated: Foreign exchange contracts 82.3 82.2 40.1 40.0 109.5 112.9 68.8 72.1 Cash collateral 8.1 40.8 8.1 40.8 9.6 73.1 9.6 73.1 Total net derivative assets and liabilities $ 74.2 $ 41.4 $ 32.0 $ (0.8 ) $ 99.9 $ 39.8 $ 59.2 $ (1.0 ) The fair values of derivative assets and liabilities associated with contracts which include netting language that the Company believes to be enforceable have been netted to present the Company's net exposure with these counterparties. The Company recognizes all derivative assets, net in prepaid expense and other current assets and all derivative liabilities, net in other current liabilities, after netting at the customer level, as right of offset exists, in its Unaudited Consolidated Balance Sheets at their fair value. The gain or loss on the fair value is recognized immediately within revenues, net in the Unaudited Consolidated Statements of Income. The Company does not offset fair value amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral. The derivative assets and derivative liabilities in the preceding table were recorded in other current assets and other current liabilities at each balance sheet date, respectively, in the Unaudited Consolidated Balance Sheet. The Company receives cash from customers as collateral for trade exposures, which is recorded within cash and cash equivalents and customer deposits in the Unaudited Consolidated Balance Sheet. The customer has the right to recall their collateral in the event exposures move in their favor, they unwind all outstanding trades or they cease to do business with the Company. Cash Flow Hedges On January 22, 2019, the Company entered into three interest rate swap cash flow contracts. The objective of these interest rate swaps is to reduce the variability of cash flows in the previously unhedged interest payments associated with $2.0 billion of variable rate debt, the sole source of which is due to changes in the LIBOR benchmark interest rate. As of March 31, 2019, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk (in millions): Notional Amount as of March 31, 2019 Fixed Rates Maturity Date Interest Rate Derivative: Interest Rate Swap $ 1,000 2.56 % January 31, 2022 Interest Rate Swap 500 2.56 % January 31, 2023 Interest Rate Swap 500 2.55 % December 19, 2023 These swap agreements qualify as hedging instruments and have been designated as cash flow hedges. For each of these swaps, the Company will pay a fixed monthly rate and receive 1-Month LIBOR. The table below presents the fair value of the Company’s interest rate swap derivative financial instruments as well as their classification on the Unaudited Consolidated Balance Sheets as of March 31, 2019. See Note 4 for additional information on the fair value of the Company’s interest rate swaps. As of March 31, 2019 Balance Sheet Location Fair Value Derivatives designated as cash flow hedges: Interest rate swap liabilities Other liabilities $ 27.6 The table below displays the effect of the Company’s derivative financial instruments in the Unaudited Consolidated Statement of Income and other comprehensive loss for the three months ended March 31, 2019 (in millions): 2019 Interest Rate Swaps: Amount of loss recognized in other comprehensive income on derivatives, net of tax of $6.9 million $ 20.7 Amount of loss reclassified from accumulated other comprehensive income into interest expense 0.2 The estimated net amount of the existing losses expected to be reclassified into earnings within the next 12 months is approximately $1.7 million at March 31, 2019.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 1, 2019, the Company completed two acquisitions. The Company acquired NvoicePay, a provider of full AP automation for businesses. The Company also made a small international acquisition. The aggregate purchase price of these acquisitions is approximately $255 million . These acquisitions are not material to the financial results of the Company.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Throughout this report, the terms “our,” “we,” “us,” and the “Company” refers to FLEETCOR Technologies, Inc. and its subsidiaries. The Company prepared the accompanying interim consolidated financial statements in accordance with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”). The unaudited consolidated financial statements reflect all adjustments considered necessary for fair presentation. These adjustments consist of normal recurring accruals and estimates that impact the carrying value of assets and liabilities. Actual results may differ from these estimates. The unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 .
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of foreign subsidiaries are translated into U.S. dollars at the rates of exchange in effect at period-end. The related translation adjustments are made directly to accumulated other comprehensive income. Income and expenses are translated at the average monthly rates of exchange in effect during the period. Gains and losses from foreign currency transactions of these subsidiaries are included in net income.
Derivatives	Derivatives The Company uses derivatives to (a) minimize its exposures related to changes in interest rates and (b) facilitate cross-currency corporate payments by writing derivatives to customers. The Company is exposed to the risk of increasing interest rates because our borrowings are subject to variable interest rates. In order to mitigate this risk, the Company has elected to engage in the use of derivative instruments. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recorded in other assets or other liabilities and offset against accumulated other comprehensive income/loss, net of tax. Cash flow hedges consist of hedges a portion of the Company's variable rate debt. Derivative fair value changes that are captured in accumulated other comprehensive income/loss are reclassified to earnings in the same period or periods the hedged item affects earnings, to the extent the instrument is effective in offsetting the change in cash flows attributable to the risk being hedged. The portions of the change in fair value that are either considered ineffective or are excluded from the measure of effectiveness are recognized immediately in interest expense, net in the unaudited consolidated statements of income. At Cambridge Global Payments ("Cambridge"), the Company uses derivatives to facilitate cross-currency corporate payments by writing derivatives to customers, which are not designated as hedging instruments. The majority of Cambridge's revenue is from exchanges of currency at spot rates, which enable customers to make cross-currency payments. In addition, Cambridge also writes foreign currency forward and option contracts for its customers to facilitate future payments. The duration of these derivative contracts at inception is generally less than one year. The Company aggregates its foreign exchange exposures arising from customer contracts, including forwards, options and spot exchanges of currency, and economically hedges the resulting net currency risks by entering into offsetting contracts with established financial institution counterparties. The changes in fair value related to these contracts are recorded in revenues, net in the Unaudited Consolidated Statements of Income. The Company recognizes all derivatives in "prepaid expenses and other current assets" and "other current liabilities" in the accompanying Unaudited Consolidated Balance Sheets at their fair value. All cash flows associated with derivatives are included in cash flows from operating activities in the Unaudited Consolidated Statements of Cash Flows.
Cash, Cash Equivalents, and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash Cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less. Restricted cash represents customer deposits repayable on demand.
Revenue	evenue The Company provides payment solutions to our business, merchant, consumer and payment network customers. Our payment solutions are primarily focused on specific commercial spend categories, including fuel, lodging, tolls, and general corporate payments, as well as gift card solutions (stored value cards). The Company provides products that help businesses of all sizes control, simplify and secure payment of various domestic and cross-border payables using specialized payment products. The Company also provides other payment solutions for fleet maintenance, employee benefits and long haul transportation-related services. Revenues from contracts with customers, within the scope of Topic 606, represent approximately 80% of total consolidated revenues, net, for the three months ended March 31, 2019. Disaggregation of Revenues The Company provides its services to customers across different payment solutions and geographies. Revenue by product (in millions) for the three months ended March 31 was as follows: Revenues, net by Product Category Three Months Ended March 31, Three Months Ended March 31, 2019 % 2018 2 % Fuel 1 283 45 % 265 45 % Corporate Payments 110 18 % 95 16 % Tolls 1 89 14 % 90 15 % Lodging 42 7 % 39 7 % Gift 48 8 % 49 8 % Other 1 49 8 % 48 8 % Consolidated Revenues, net 622 100 % 586 100 % Revenue by geography (in millions) for the three months ended March 31 was as follows: Revenues, net by Geography Three Months Ended March 31, Three Months Ended March 31, 2019 % 2018 % United States 371 60 % 344 59 % Brazil 106 17 % 107 18 % United Kingdom 68 11 % 64 11 % Other 77 12 % 71 12 % Consolidated Revenues, net 622 100 % 586 100 % 1 Reflects certain reclassifications of revenue between product categories as the Company realigned its Brazil business into product lines, resulting in refinement of revenue classified as fuel versus tolls and the reclassification of the E-Cash/OnRoad product being realigned to fuel from other. 2 Reflects adjustments from previously disclosed amounts for the prior period to conform to current presentation. Contract Liabilities Deferred revenue contract liabilities for customers subject to ASC 606 were $76.1 million and $30.6 million as of March 31, 2019 and December 31, 2018, respectively. We expect to recognize substantially all of these amounts in revenues within approximately 12 months. Revenue recognized in the three months ended March 31, 2019, that was included in the deferred revenue contract liability as of December 31, 2018 was approximately $16.2 million .
Adoption of New Accounting Standards	doption of New Accounting Standards Accounting for Leases In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which requires lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. This ASU also requires disclosures to provide additional information about the amounts recorded in the financial statements. Effective January 1, 2019, the Company adopted Topic 842 using a modified retrospective approach, as discussed further in Footnote 2. Accounting for Derivative Financial Instruments In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities", which amends the hedge accounting recognition and presentation requirements in ASC 815. The FASB issued accounting guidance to better align hedge accounting with a company’s risk management activities, simplify the application of hedge accounting and improve the disclosures of hedging arrangements. The guidance is effective for the Company for reporting periods beginning after December 15, 2018, and interim periods within those years. The Company adopted this guidance on January 1, 2019, which did not have a material impact on the Company's results of operations, financial condition, or cash flows. The guidance did simplify the Company's accounting for interest rate swap hedges allowing more time for the initial hedge effectiveness documentation and a qualitative assessment at each quarter end for continued effectiveness assessment. In October 2018, the FASB issued ASU 2018-16, which amends ASC 2018-16, "Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate, Overnight Index Swap Rate as a Benchmark Interest Rate for Hedge Accounting Purposes," which amends the hedge accounting to add overnight index swap rates based on the secured overnight financing rate as a fifth U.S. benchmark interest rate. The Company adopted this guidance on January 1, 2019, which did not have a material impact on the Company's results of operations, financial condition, or cash flows. Comprehensive Income Classification In February 2018, the FASB issued ASU 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income", that gives entities the option to reclassify to retained earnings tax effects related to items that have been stranded in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act (the "Tax Act"). An entity that elects to reclassify these amounts must reclassify stranded tax effects related to the Tax Act’s change in U.S. federal tax rate for all items accounted for in other comprehensive income. These entities can also elect to reclassify other stranded effects that relate to the Tax Act but do not directly relate to the change in the federal rate. The Company adopted this guidance on January 1, 2019 and elected to not reclassify any items to retained earnings. Non-Employee Share-Based Payments In June 2018, the FASB issued ASU 2018-07, "Compensation—Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting", that supersedes ASC 505-50 and expands the scope of ASC 718 to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. Under the new guidance, the existing employee guidance will apply to non-employee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of non-employee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for non-employee awards. The Company adopted this guidance on January 1, 2019, which had no impact on the Company's results of operations, financial condition, or cash flows. Pending Adoption of Recently Issued Accounting Standards Cloud Computing Arrangements On August 29, 2018, the FASB issued ASU 2018-15, "Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract", that provides guidance on implementation costs incurred in a cloud computing arrangement (CCA) that is a service contract. The ASU, which was released in response to a consensus reached by the EITF at its June 2018 meeting, aligns the accounting for such costs with the guidance on capitalizing costs associated with developing or obtaining internal-use software. Specifically, the ASU amends ASC 350 to include in its scope implementation costs of a CCA that is a service contract and clarifies that a customer should apply ASC 350-40 to determine which implementation costs should be capitalized in such a CCA. The guidance is effective for the Company for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted, including in interim periods. The guidance should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company's adoption of this ASU is not expected to have a material impact on the results of operations, financial condition, or cash flows. Fair Value Measurement On August 28, 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement", which removes, modifies, and adds certain disclosure requirements related to fair value measurements in ASC 820. The guidance is effective for the Company for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The guidance on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other guidance should be applied retrospectively to all periods presented upon their effective date. The Company is permitted to early adopt any removed or modified disclosures upon issuance of this guidance and delay adoption of the additional disclosures until their effective date. The Company's adoption of this ASU is not expected to have a material impact on the results of operations, financial condition, or cash flows. Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes how companies measure and recognize credit impairment for many financial assets. The new expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets (including trade receivables) that are in the scope of the update. The update also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees. The ASU is effective for the Company on January 1, 2020. Early adoption is permitted for periods beginning on or after January 1, 2019. The Company is evaluating the effect of ASU 2016-13 on its consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Disaggregation of Revenue	The Company provides its services to customers across different payment solutions and geographies. Revenue by product (in millions) for the three months ended March 31 was as follows: Revenues, net by Product Category Three Months Ended March 31, Three Months Ended March 31, 2019 % 2018 2 % Fuel 1 283 45 % 265 45 % Corporate Payments 110 18 % 95 16 % Tolls 1 89 14 % 90 15 % Lodging 42 7 % 39 7 % Gift 48 8 % 49 8 % Other 1 49 8 % 48 8 % Consolidated Revenues, net 622 100 % 586 100 % Revenue by geography (in millions) for the three months ended March 31 was as follows: Revenues, net by Geography Three Months Ended March 31, Three Months Ended March 31, 2019 % 2018 % United States 371 60 % 344 59 % Brazil 106 17 % 107 18 % United Kingdom 68 11 % 64 11 % Other 77 12 % 71 12 % Consolidated Revenues, net 622 100 % 586 100 % 1 Reflects certain reclassifications of revenue between product categories as the Company realigned its Brazil business into product lines, resulting in refinement of revenue classified as fuel versus tolls and the reclassification of the E-Cash/OnRoad product being realigned to fuel from other. 2 Reflects adjustments from previously disclosed amounts for the prior period to conform to current presentation.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease, Cost	The supplementary cash and non-cash disclosures for the three months ended March 31, 2019 are as follows (in millions): Three Months Ended March 31, 2019 Cash paid for operating lease liabilities $ 4,607 Right-of-use assets obtained in exchange for new operating lease obligations 1 $ 69,744 Weighted-average remaining lease term (years) 7.5 Weighted-average discount rate 3.73 % 1 Includes $55.9 million for operating leases existing on January 1, 2019
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities as of March 31, 2019 were as follows (in thousands): 2020 $ 16,570 2021 14,540 2022 11,543 2023 9,720 2024 8,580 Thereafter 31,802 Total Lease Payments 92,755 Less imputed interest (13,844 ) Present value of lease liabilities $ 78,911

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Company's Accounts Receivable and Securitized Accounts Receivable	The Company’s accounts receivable and securitized accounts receivable include the following at March 31, 2019 and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 Gross domestic accounts receivable $ 746,954 $ 668,154 Gross domestic securitized accounts receivable 942,000 886,000 Gross foreign receivables 974,699 817,624 Total gross receivables 2,663,653 2,371,778 Less allowance for doubtful accounts (66,194 ) (59,963 ) Net accounts and securitized accounts receivable $ 2,597,459 $ 2,311,815
Allowance for Doubtful Accounts Related to Accounts Receivable	A rollforward of the Company’s allowance for doubtful accounts related to accounts receivable for the three month period ended March 31 is as follows (in thousands): 2019 2018 Allowance for doubtful accounts beginning of period $ 59,963 $ 46,031 Provision for bad debts 22,164 11,997 Write-offs (15,933 ) (9,039 ) Allowance for doubtful accounts end of period $ 66,194 $ 48,989

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Measured at Fair Value	The following table presents the Company’s financial assets and liabilities which are measured at fair values on a recurring basis at March 31, 2019 and December 31, 2018 , (in thousands). Fair Value Level 1 Level 2 Level 3 March 31, 2019 Assets: Repurchase agreements $ 625,926 $ — $ 625,926 $ — Money market 50,891 — 50,891 — Certificates of deposit 35,156 — 35,156 — Foreign exchange contracts 40,074 — 40,074 — Total assets $ 752,047 $ — $ 752,047 $ — Cash collateral for foreign exchange contracts $ 8,111 $ — $ — $ — Liabilities: Interest rate swaps $ 27,569 $ — $ 27,569 Foreign exchange contracts 39,977 — 39,977 — Total liabilities $ 67,546 $ — $ 67,546 $ — Cash collateral obligation for foreign exchange contracts $ 40,832 $ — $ — $ — December 31, 2018 Assets: Repurchase agreements $ 581,293 $ — $ 581,293 $ — Money market 50,644 — 50,644 — Certificates of deposit 22,412 — 22,412 — Foreign exchange contracts 68,814 21 68,793 — Total assets $ 723,163 $ 21 $ 723,141 $ — Cash collateral for foreign exchange contracts $ 9,644 $ — $ — $ — Liabilities: Foreign exchange contracts $ 72,125 $ — $ 72,125 $ — Total liabilities $ 72,125 $ — $ 72,125 $ — Cash collateral obligation for foreign exchange contracts $ 73,140 $ — $ — $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Expense Related to Share-Based Payments	The table below summarizes the expense related to share-based payments recognized in the three months ended March 31 (in thousands): Three Months Ended 2019 2018 Stock options $ 10,165 $ 10,699 Restricted stock 2,376 3,704 Stock-based compensation $ 12,541 $ 14,403
Summary of Total Unrecognized Compensation Cost Related to Stock-Based Compensation	The following table summarizes the Company’s total unrecognized compensation cost related to stock-based compensation as of March 31, 2019 (cost in thousands): Unrecognized Compensation Cost Weighted Average Period of Expense Recognition (in Years) Stock options $ 53,415 1.21 Restricted stock 11,967 0.75 Total $ 65,382
Summary of Changes in Number of Shares of Common Stock Under Option	The following summarizes the changes in the number of shares of common stock under option for the three months ended March 31, 2019 (shares/options and aggregate intrinsic value in thousands): Shares Weighted Average Exercise Price Options Exercisable at End of Period Weighted Average Exercise Price of Exercisable Options Weighted Average Fair Value of Options Granted During the Period Aggregate Intrinsic Value Outstanding at December 31, 2018 7,616 $ 117.58 5,174 $ 98.39 $ 518,954 Granted 140 255.47 $ 56.47 Exercised (278 ) 107.15 38,752 Forfeited (18 ) 153.37 Outstanding at March 31, 2019 7,460 $ 119.91 4,987 $ 98.80 $ 945,049 Expected to vest as of March 31, 2019 2,473 $ 162.48
Schedule of Weighted-Average Assumptions	The fair value of stock option awards granted was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions for grants or modifications during the three months ended March 31, 2019 and 2018 : March 31, 2019 2018 Risk-free interest rate 2.49 % 2.46 % Dividend yield — — Expected volatility 26.64 % 27.11 % Expected life (in years) 4.0 3.9
Summary of Changes in Number of Shares of Restricted Stock and Restricted Stock Units	The following table summarizes the changes in the number of shares of restricted stock and restricted stock units for the three months ended March 31, 2019 (shares in thousands): Shares Weighted Average Grant Date Fair Value Outstanding at December 31, 2018 174 $ 190.73 Granted 77 228.53 Vested (104 ) 201.05 Canceled or forfeited (23 ) 209.43 Outstanding at March 31, 2019 124 $ 216.03

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Summary of Acquisition Accounting	The following table summarizes the preliminary acquisition accounting for the acquisition (in thousands): Trade and other receivables $ 10,214 Prepaid expenses and other 267 Property and equipment 161 Other long term assets 135 Goodwill 18,896 Customer relationships and other identifiable intangible assets 9,170 Liabilities assumed (19,423 ) Deferred tax liabilities (2,376 ) Aggregate purchase price $ 17,044
Summary of Preliminary Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives	The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands): Useful Lives (in Years) Value Customer relationships and other identifiable intangible assets 10 $ 9,170 $ 9,170

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Goodwill by Reportable Business Segment	A summary of changes in the Company’s goodwill by reportable business segment is as follows (in thousands): December 31, 2018 Acquisition Accounting Adjustments Foreign Currency March 31, 2019 Segment North America $ 3,087,875 $ 2,711 $ 4,574 $ 3,095,160 International 1,454,199 — (260 ) 1,453,939 $ 4,542,074 $ 2,711 $ 4,314 $ 4,549,099
Schedule of Other Intangible Assets	As of March 31, 2019 and December 31, 2018 , other intangible assets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Weighted- Avg Useful Lives (Years) Gross Carrying Amounts Accumulated Amortization Net Carrying Amount Gross Carrying Amounts Accumulated Amortization Net Carrying Amount Customer and vendor relationships 17.1 $ 2,620,473 $ (818,268 ) $ 1,802,205 $ 2,625,270 $ (776,383 ) $ 1,848,887 Trade names and trademarks—indefinite lived N/A 479,421 — 479,421 479,555 — 479,555 Trade names and trademarks—other 14.3 4,959 (2,577 ) 2,382 2,957 (2,501 ) 456 Software 5.9 213,601 (159,491 ) 54,110 212,733 (152,416 ) 60,317 Non-compete agreements 4.1 47,971 (30,450 ) 17,521 47,009 (28,314 ) 18,695 Total other intangibles $ 3,366,425 $ (1,010,786 ) $ 2,355,639 $ 3,367,524 $ (959,614 ) $ 2,407,910

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Summary of Debt Instruments	The Company’s debt instruments consist primarily of term notes, revolving lines of credit and a Securitization Facility as follows (in thousands): March 31, 2019 December 31, 2018 Term Loan A note payable (a), net of discounts $ 2,484,495 $ 2,515,519 Term Loan B note payable (a), net of discounts 343,319 344,180 Revolving line of credit A Facility(a) 490,000 655,000 Revolving line of credit B Facility(a) 159,922 345,446 Revolving line of credit C Facility(a) 35,000 35,000 Revolving line of credit B Facility - foreign swing line (a) 30,749 — Other debt(c) 30,084 37,902 Total notes payable and other obligations 3,573,569 3,933,047 Securitization Facility(b) 942,000 886,000 Total notes payable, credit agreements and Securitization Facility $ 4,515,569 $ 4,819,047 Current portion $ 1,807,318 $ 2,070,616 Long-term portion 2,708,251 2,748,431 Total notes payable, credit agreements and Securitization Facility $ 4,515,569 $ 4,819,047 ______________________ (a) The Company has a Credit Agreement and provides for senior secured credit facilities consisting of a revolving credit facility in the amount of $1.285 billion , a term loan A facility in the amount of $2.525 billion and a term loan B facility in the amount of $350 million as of March 31, 2019 . The revolving credit facility consists of (a) a revolving A credit facility in the amount of $800 million , with sublimits for letters of credit and swing line loans, (b) a revolving B facility in the amount of $450 million with borrowings in U.S. Dollars, Euros, British Pounds, Japanese Yen or other currency as agreed in advance, and a sublimit for swing line loans, and (c) a revolving C facility in the amount of $35 million for borrowings in U.S. Dollars, Australian Dollars or New Zealand Dollars. The Credit Agreement also includes an accordion feature for borrowing an additional $750 million in term A, term B, revolver A or revolver B debt. Proceeds from the credit facilities may be used for working capital purposes, acquisitions, and other general corporate purposes. The maturity date for the term A loan and revolving credit facilities is December 19, 2023. The maturity date for the term B loan is August 2, 2024 . Interest on amounts outstanding under the Credit Agreement (other than the term B loan) accrues based on the British Bankers Association LIBOR Rate (the Eurocurrency Rate), plus a margin based on a leverage ratio, or our option, the Base Rate (defined as the rate equal to the highest of (a) the Federal Funds Rate plus 0.50% , (b) the prime rate announced by Bank of America, N.A., or (c) the Eurocurrency Rate plus 1.00% ) plus a margin based on a leverage ratio. Interest on the term B loan facility accrues based on the Eurocurrency Rate plus 2.00% for Eurocurrency Loans or the Base Rate plus 1.00% for Base Rate Loans. In addition, the Company pays a quarterly commitment fee at a rate per annum ranging from 0.20% to 0.40% of the daily unused portion of the credit facility. At March 31, 2019 , the interest rate on the term A loan and the revolving A facility was 4.00% , the interest rate on the the revolving B facility U.S. Dollar borrowings ( $70 million ) was 3.99% , the interest rate on the revolving B facility British Pounds borrowings ( $90 million ) was 2.23% , the interest rate on the term B loan was 4.50% , the interest rate on the revolving C facility was 4.00% and the interest rate on the foreign swing line loan was 2.17% . The unused credit facility fee was 0.30% for all revolving facilities at March 31, 2019 . (b) The Company is party to a $1.2 billion receivables purchase agreement (Securitization Facility) that was amended on February 8, 2019 and April 22, 2019. There is a program fee equal to one month LIBOR plus 0.90% or the Commercial Paper Rate plus 0.80% . The program fee was 2.53% plus 0.88% as of March 31, 2019 and 2.52% plus 0.89% as of December 31, 2018 . The unused facility fee is payable at a rate of 0.40% per annum as of March 31, 2019 and December 31, 2018 . (c) Other debt includes the long-term portion of deferred payments associated with business acquisitions.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Summary of Provision for Income Taxes and U.S. Federal Tax Rate	The provision for income taxes differs from amounts computed by applying the U.S. federal tax rate of 21% for 2019 and 2018 to income before income taxes for the three months ended March 31, 2019 and 2018 due to the following (in thousands): 2019 2018 Computed “expected” tax expense $ 48,141 21.0 % $ 48,157 21.0 % Changes resulting from: Foreign income tax differential (4,692 ) (2.0 )% 2,016 0.9 % Excess tax benefit related to stock-based compensation (6,385 ) (2.8 )% (4,624 ) (2.0 )% State taxes net of federal benefits 3,551 1.5 % 3,373 1.5 % Foreign-sourced nontaxable income (56 ) — % (6,588 ) (2.9 )% Foreign withholding 5,275 2.3 % 5,471 2.4 % GILTI, net of foreign tax credits 2,433 1.1 % 4,921 2.1 % Change in valuation allowance 3,289 1.4 % — — % Other 5,578 2.4 % 1,656 0.7 % Provision for income taxes $ 57,134 24.9 % $ 54,382 23.7 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Summary of Earnings Per Share, Basic and Diluted	The calculation and reconciliation of basic and diluted earnings per share for the three months ended March 31 follows (in thousands, except per share data): Three Months Ended 2019 2018 Net income $ 172,107 $ 174,937 Denominator for basic earnings per share 85,941 89,765 Dilutive securities 3,303 3,485 Denominator for diluted earnings per share 89,244 93,250 Basic earnings per share $ 2.00 $ 1.95 Diluted earnings per share $ 1.93 $ 1.88

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Company's Segment Results	The Company’s segment results are as follows for the three month periods ended March 31 (in thousands): Three Months Ended 2019 2018 Revenues, net: North America $ 396,899 $ 364,270 International 224,926 221,230 $ 621,825 $ 585,500 Operating income: North America $ 172,411 $ 155,950 International 111,765 104,137 $ 284,176 $ 260,087 Depreciation and amortization: North America $ 38,292 $ 38,675 International 29,153 32,827 $ 67,445 $ 71,502 Capital expenditures: North America $ 8,377 $ 8,411 International 6,129 6,803 $ 14,506 $ 15,214

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The aggregate equivalent U.S. dollar notional amount of foreign exchange derivative customer contracts held by the Company as of March 31, 2019 and December 31, 2018 (in millions) is presented in the table below. Notional amounts do not reflect the netting of offsetting trades, although these offsetting positions may result in minimal overall market risk. Aggregate derivative notional amounts can fluctuate from period to period in the normal course of business based on market conditions, levels of customer activity and other factors. Notional March 31, 2019 December 31, 2018 Foreign exchange contracts: Swaps $ 552.9 $ 929.5 Futures, forwards and spot 3,886.7 3,249.9 Written options 4,179.7 3,688.8 Purchased options 3,420.6 2,867.2 Total $ 12,039.9 $ 10,735.4 As of March 31, 2019, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk (in millions): Notional Amount as of March 31, 2019 Fixed Rates Maturity Date Interest Rate Derivative: Interest Rate Swap $ 1,000 2.56 % January 31, 2022 Interest Rate Swap 500 2.56 % January 31, 2023 Interest Rate Swap 500 2.55 % December 19, 2023
Schedule of Derivative Assets at Fair Value	The following table summarizes the fair value of foreign currency derivatives reported in the Unaudited Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 (in millions): March 31, 2019 December 31, 2018 Fair Value, Gross Fair Value, Net Fair Value, Gross Fair Value, Net Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivatives - undesignated: Foreign exchange contracts 82.3 82.2 40.1 40.0 109.5 112.9 68.8 72.1 Cash collateral 8.1 40.8 8.1 40.8 9.6 73.1 9.6 73.1 Total net derivative assets and liabilities $ 74.2 $ 41.4 $ 32.0 $ (0.8 ) $ 99.9 $ 39.8 $ 59.2 $ (1.0 )
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The table below presents the fair value of the Company’s interest rate swap derivative financial instruments as well as their classification on the Unaudited Consolidated Balance Sheets as of March 31, 2019. See Note 4 for additional information on the fair value of the Company’s interest rate swaps. As of March 31, 2019 Balance Sheet Location Fair Value Derivatives designated as cash flow hedges: Interest rate swap liabilities Other liabilities $ 27.6
Derivative Instruments, Gain (Loss)	The table below displays the effect of the Company’s derivative financial instruments in the Unaudited Consolidated Statement of Income and other comprehensive loss for the three months ended March 31, 2019 (in millions): 2019 Interest Rate Swaps: Amount of loss recognized in other comprehensive income on derivatives, net of tax of $6.9 million $ 20.7 Amount of loss reclassified from accumulated other comprehensive income into interest expense 0.2

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Jan. 01, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Foreign exchange gains	$ 30	$ 500
Deferred revenue contract liability	$ 76,100			$ 30,600
Performance obligation timing	We expect to recognize substantially all of these amounts in revenues within approximately 12 months.
Deferred revenue recognized	$ 16,200
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Derivative term of contract			1 year
Sales Revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Consolidated revenues, net (percent)	100.00%	100.00%
Contracts with customers | Sales Revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Consolidated revenues, net (percent)	80.00%
Intra-entity Transactions
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Foreign exchange gains	$ 77,000	$ 24,400

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenues, net	$ 621,825	$ 585,500
Fuel 1
Disaggregation of Revenue [Line Items]
Revenues, net	283,000	265,000
Corporate Payments
Disaggregation of Revenue [Line Items]
Revenues, net	110,000	95,000
Tolls 1
Disaggregation of Revenue [Line Items]
Revenues, net	89,000	90,000
Lodging
Disaggregation of Revenue [Line Items]
Revenues, net	42,000	39,000
Gift
Disaggregation of Revenue [Line Items]
Revenues, net	48,000	49,000
Other1
Disaggregation of Revenue [Line Items]
Revenues, net	$ 49,000	$ 48,000
Sales Revenue
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	100.00%	100.00%
Sales Revenue | Fuel 1
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	45.00%	45.00%
Sales Revenue | Corporate Payments
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	18.00%	16.00%
Sales Revenue | Tolls 1
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	14.00%	15.00%
Sales Revenue | Lodging
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	7.00%	7.00%
Sales Revenue | Gift
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	8.00%	8.00%
Sales Revenue | Other1
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	8.00%	8.00%
United States
Disaggregation of Revenue [Line Items]
Revenues, net	$ 371,000	$ 344,000
United States | Sales Revenue
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	60.00%	59.00%
Brazil
Disaggregation of Revenue [Line Items]
Revenues, net	$ 106,000	$ 107,000
Brazil | Sales Revenue
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	17.00%	18.00%
United Kingdom
Disaggregation of Revenue [Line Items]
Revenues, net	$ 68,000	$ 64,000
United Kingdom | Sales Revenue
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	11.00%	11.00%
Other
Disaggregation of Revenue [Line Items]
Revenues, net	$ 77,000	$ 71,000
Other | Sales Revenue
Disaggregation of Revenue [Line Items]
Consolidated revenues, net (percent)	12.00%	12.00%

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	$ 66,100
Operating lease liability	78,911
Current operating lease liability	14,300
Noncurrent operating lease liability	64,600
Lease cost	$ 4,400
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Right-of-use asset, net		$ 55,900
Operating lease liability		$ 65,500
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	30 years

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
Leases [Abstract]
Cash paid for operating lease liabilities	$ 4,607
Right-of-use assets obtained in exchange for new operating lease obligations	$ 69,744
Weighted-average remaining lease term (years)	7 years 6 months 15 days
Weighted-average discount rate	3.73%
Lessee, Lease, Description [Line Items]
Right-of-use asset, net	$ 66,100
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Right-of-use asset, net		$ 55,900

Leases - Schedule of Lease Matu

Leases - Schedule of Lease Maturities (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
2020	$ 16,570
2021	14,540
2022	11,543
2023	9,720
2024	8,580
Thereafter	31,802
Total Lease Payments	92,755
Less imputed interest	(13,844)
Present value of lease liabilities	$ 78,911

Accounts Receivable - Additiona

Accounts Receivable - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum undivided ownership interest pooled accounts receivable amount sold	$ 1,200,000,000
Securitization Facility
Accounts, Notes, Loans and Financing Receivable [Line Items]
Securitized accounts receivable facility	$ 1,200,000,000

Accounts Receivable - Company's

Accounts Receivable - Company's Accounts Receivable and Securitized Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2019		Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross receivables	$ 2,663,653		$ 2,371,778
Gross domestic securitized accounts receivable	942,000	[1]	886,000
Less allowance for doubtful accounts	(66,194)		(59,963)	$ (48,989)	$ (46,031)
Net accounts and securitized accounts receivable	2,597,459		2,311,815
Gross domestic accounts receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross receivables	746,954		668,154
Gross foreign receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross receivables	$ 974,699		$ 817,624
[1]	Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts Related to Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019		Mar. 31, 2018
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for doubtful accounts beginning of period	$ 59,963		$ 46,031
Provision for bad debts	22,164	[1]	11,997
Write-offs	(15,933)		(9,039)
Allowance for doubtful accounts end of period	$ 66,194		$ 48,989
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Assets:
Total assets	$ 752,047	$ 723,163
Liabilities:
Total liabilities	67,546	72,125
Interest rate swaps
Liabilities:
Foreign exchange contracts	27,569
Foreign exchange contracts
Assets:
Foreign exchange contracts	40,074	68,814
Cash collateral for foreign exchange contracts	8,111	9,644
Liabilities:
Foreign exchange contracts	39,977	72,125
Cash collateral obligation for foreign exchange contracts	40,832	73,140
Repurchase agreements
Assets:
Total assets	625,926	581,293
Money market
Assets:
Total assets	50,891	50,644
Certificates of deposit
Assets:
Total assets	35,156	22,412
Level 1
Assets:
Total assets	0	21
Liabilities:
Total liabilities	0	0
Level 1 | Foreign exchange contracts
Assets:
Foreign exchange contracts	0	21
Liabilities:
Foreign exchange contracts	0	0
Level 2
Assets:
Total assets	752,047	723,141
Liabilities:
Total liabilities	67,546	72,125
Level 2 | Foreign exchange contracts
Assets:
Foreign exchange contracts	40,074	68,793
Liabilities:
Foreign exchange contracts	39,977	72,125
Level 2 | Repurchase agreements
Assets:
Total assets	625,926	581,293
Level 2 | Money market
Assets:
Total assets	50,891	50,644
Level 2 | Certificates of deposit
Assets:
Total assets	35,156	$ 22,412
Telematics
Liabilities:
Impairment of investment	15,700
Accumulated impairment on investment	$ 136,300

Stockholders' Equity - Repurcha

Stockholders' Equity - Repurchase Program (Details)	Jan. 29, 2019shares	Dec. 14, 2018USD ($)$ / sharesshares	Feb. 04, 2016USD ($)	Jan. 29, 2019$ / shares	Mar. 31, 2019USD ($)		Mar. 31, 2018USD ($)	Dec. 31, 2018transaction	Dec. 31, 2018USD ($)	Mar. 31, 2019USD ($)shares	Jan. 23, 2019USD ($)
Class of Stock [Line Items]
Shares repurchased					$ 3,322,000		$ 88,292,000
Repurchase of common stock					3,322,000	[1]	$ 88,292,000
Shares repurchased (in shares) | shares	117,751	1,057,035
Initial price paid (in dollars per share) | $ / shares		$ 176.91
Final price paid (in dollars per share) | $ / shares				$ 187.27
Number of transactions | transaction								2
Common Stock
Class of Stock [Line Items]
Stock repurchase program, approved amount			$ 2,100,000,000
Stock repurchase program, authorized time period			18 months
Increase in authorized amount to be repurchased											$ 500,000,000
Remaining authorized repurchase amount					$ 545,000,000					$ 545,000,000
Repurchase agreements
Class of Stock [Line Items]
Shares repurchased									$ 1,600,000,000	$ 1,600,000,000
Repurchase of common stock		$ 220,000,000
Shares repurchased (in shares) | shares										9,052,163
Repurchase agreements | Common Stock
Class of Stock [Line Items]
Stock repurchase program, approved amount		$ 220,000,000
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Feb. 07, 2018	Dec. 20, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefits recorded on stock based compensation	$ 9.9	$ 8.1
Aggregate intrinsic value of options exercisable	$ 737
Weighted average remaining contractual term of options exercisable (in years)	5 years 1 month 6 days
Minimum | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of vesting provisions (in years)	1 year
Minimum | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of vesting provisions (in years)	1 year
Maximum | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of vesting provisions (in years)	5 years
Maximum | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of vesting provisions (in years)	3 years
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)			16,750,000	13,250,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Expense Related to Share-Based Payments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 12,541	$ 14,403
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	10,165	10,699
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 2,376	$ 3,704

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Total Unrecognized Compensation Cost Related to Stock-Based Compensation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 65,382
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 53,415
Weighted Average Period of Expense Recognition (in Years)	1 year 2 months 16 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 11,967
Weighted Average Period of Expense Recognition (in Years)	9 months

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Changes in Number of Shares of Common Stock Under Option (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Shares at beginning of period (in shares)	7,616
Granted (in shares)	140
Exercised (in shares)	(278)
Forfeited (in shares)	(18)
Shares at end of period (in shares)	7,460
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, beginning of period (in dollars per share)	$ 117.58
Weighted average exercise price, granted (in dollars per share)	255.47
Weighted average exercise price, exercised (in dollars per share)	107.15
Weighted average exercise price, forfeitures (in dollars per share)	153.37
Weighted average exercise price, end of period (in dollars per share)	$ 119.91
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Expected to vest (in shares)	2,473
Weighted average exercise price, expected to vest (in dollars per share)	$ 162.48
Options exercisable at beginning of period (in shares)	4,987	5,174
Weighted average exercise price of exercisable options, beginning of period (in dollars per share)	$ 98.80	$ 98.39
Weighted average exercise price of granted options (in dollars per share)	$ 56.47
Aggregate intrinsic value	$ 945,049	$ 518,954
Aggregate intrinsic value, exercised	$ 38,752

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Weighted-Average Assumptions (Details) - Stock options	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	2.49%	2.46%
Dividend yield	0.00%	0.00%
Expected volatility	26.64%	27.11%
Expected life (in years)	4 years	3 years 10 months 24 days

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Changes in Number of Shares of Restricted Stock and Restricted Stock Units (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Shares
Shares outstanding, beginning of period (in shares) | shares	174
Granted (in shares) | shares	77
Vested (in shares) | shares	(104)
Canceled (in shares) | shares	(23)
Shares outstanding, end of period (in shares) | shares	124
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, beginning of period (in dollars per share) | $ / shares	$ 190.73
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	228.53
Weighted average grant date fair value, vested (in dollars per share) | $ / shares	201.05
Weighted average grant date fair value, canceled (in dollars per share) | $ / shares	209.43
Weighted average grant date fair value, end of period (in dollars per share) | $ / shares	$ 216.03

Acquisition - Additional Inform

Acquisition - Additional Information (Details) - USD ($) $ in Thousands	Dec. 27, 2018	Mar. 31, 2019	[1]	Mar. 31, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Deferred payments for acquisitions in previous years		$ 0		$ 3,875
Investments in other businesses					$ 4,200
Repayments of notes payable					1,600
Online Gift Card Solution
Business Acquisition [Line Items]
Aggregate purchase price	$ 17,000
Cash acquired from acquisition	$ 11,000
Deferred payments for acquisitions in previous years					$ 3,900
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Acquisition - Summary of Purcha

Acquisition - Summary of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Mar. 31, 2019	[1]	Dec. 31, 2018	Dec. 27, 2018
Business Acquisition [Line Items]
Goodwill	$ 4,549,099		$ 4,542,074
Online Gift Card Solution
Business Acquisition [Line Items]
Trade and other receivables				$ 10,214
Prepaid expenses and other				267
Property and equipment				161
Other long term assets				135
Goodwill				18,896
Customer relationships and other identifiable intangible assets				9,170
Liabilities assumed				(19,423)
Deferred tax liabilities				(2,376)
Aggregate purchase price				$ 17,044
[1]	Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.

Acquisition - Summary of Prelim

Acquisition - Summary of Preliminary Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives (Details) - Online Gift Card Solution $ in Thousands	Dec. 27, 2018USD ($)
Business Acquisition [Line Items]
Useful Lives (in Years)	10 years
Other intangible assets	$ 9,170
Customer relationships and other identifiable intangible assets
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 9,170

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Changes in Goodwill by Reportable Business Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 4,542,074
Acquisition Accounting Adjustments	2,711
Foreign Currency	4,314
Goodwill, ending balance	4,549,099	[1]
North America
Goodwill [Roll Forward]
Goodwill, beginning balance	3,087,875
Acquisition Accounting Adjustments	2,711
Foreign Currency	4,574
Goodwill, ending balance	3,095,160
International
Goodwill [Roll Forward]
Goodwill, beginning balance	1,454,199
Acquisition Accounting Adjustments	0
Foreign Currency	(260)
Goodwill, ending balance	$ 1,453,939
[1]	Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019		Dec. 31, 2018
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 3,366,425		$ 3,367,524
Accumulated Amortization	(1,010,786)		(959,614)
Net Carrying Amount	2,355,639	[1]	2,407,910
Trade names and trademarks—indefinite lived
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amounts	479,421		479,555
Accumulated Amortization	0		0
Net Carrying Amount	$ 479,421		479,555
Customer and vendor relationships
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted- Avg Useful Lives (Years)	17 years 1 month 6 days
Gross Carrying Amounts	$ 2,620,473		2,625,270
Accumulated Amortization	(818,268)		(776,383)
Net Carrying Amount	$ 1,802,205		1,848,887
Trade names and trademarks—other
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted- Avg Useful Lives (Years)	14 years 3 months 18 days
Gross Carrying Amounts	$ 4,959		2,957
Accumulated Amortization	(2,577)		(2,501)
Net Carrying Amount	$ 2,382		456
Software
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted- Avg Useful Lives (Years)	5 years 10 months 24 days
Gross Carrying Amounts	$ 213,601		212,733
Accumulated Amortization	(159,491)		(152,416)
Net Carrying Amount	$ 54,110		60,317
Non-compete agreements
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted- Avg Useful Lives (Years)	4 years 1 month 6 days
Gross Carrying Amounts	$ 47,971		47,009
Accumulated Amortization	(30,450)		(28,314)
Net Carrying Amount	$ 17,521		$ 18,695
[1]	Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Impact of foreign exchange rates on intangible assets	$ 4.3
Amortization expense of intangible assets	$ 51.2	$ 57.8

Debt - Summary of Debt Instrume

Debt - Summary of Debt Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2019		Dec. 31, 2018
Debt Instrument [Line Items]
Other debt	$ 30,084		$ 37,902
Total notes payable and other obligations	3,573,569		3,933,047
Securitization facility	942,000	[1]	886,000
Total notes payable, credit agreements and Securitization Facility	4,515,569		4,819,047
Current portion	1,807,318		2,070,616
Long-term portion	2,708,251	[1]	2,748,431
Term Loan A
Debt Instrument [Line Items]
Term note payable—domestic, net of discounts	2,484,495		2,515,519
Term Loan B
Debt Instrument [Line Items]
Term note payable—domestic, net of discounts	343,319		344,180
Revolving line of credit A Facility
Debt Instrument [Line Items]
Revolving line of credit	490,000		655,000
Revolving B Credit Facility
Debt Instrument [Line Items]
Revolving line of credit	159,922		345,446
Revolving C Credit Facility
Debt Instrument [Line Items]
Revolving line of credit	35,000		35,000
Revolving line of credit B Facility—foreign swing line
Debt Instrument [Line Items]
Revolving line of credit	$ 30,749		$ 0
[1]	Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.

Debt - Summary of Debt Instru_2

Debt - Summary of Debt Instruments Narrative (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2019	Dec. 31, 2018	Jan. 22, 2019
Debt Instrument [Line Items]
Unused facility fee, as percentage of unused portion			0.30%
Securitization Facility
Debt Instrument [Line Items]
Amended securitization facility	$ 1,200,000,000		$ 1,200,000,000
Unused facility fee, as percentage of unused portion			0.40%	0.40%
Program fee			one month LIBOR
Term Loan B
Debt Instrument [Line Items]
Effective interest rate			4.50%
Revolving C Credit Facility
Debt Instrument [Line Items]
Effective interest rate			4.00%
Revolving line of credit	35,000,000	$ 35,000,000	$ 35,000,000	$ 35,000,000
Revolving line of credit A Facility
Debt Instrument [Line Items]
Effective interest rate			4.00%
Revolving line of credit	490,000,000	655,000,000	$ 490,000,000	655,000,000
Revolving line of credit B Facility—foreign
Debt Instrument [Line Items]
Effective interest rate			2.23%
Revolving line of credit B Facility—foreign | US Dollar Borrowings
Debt Instrument [Line Items]
Revolving line of credit	70,000,000		$ 70,000,000
Revolving line of credit B Facility—foreign | GBP Borrowings
Debt Instrument [Line Items]
Effective interest rate			3.99%
Revolving line of credit	90,000,000		$ 90,000,000
Revolving line of credit B Facility—foreign swing line
Debt Instrument [Line Items]
Effective interest rate			2.17%
Revolving line of credit	$ 30,749,000	$ 0	$ 30,749,000	$ 0
Commercial Paper | Securitization Facility
Debt Instrument [Line Items]
Basis spread on variable rate		0.89%	0.80%
Program fee rate	2.53%	2.52%
Secured Debt
Debt Instrument [Line Items]
Additional borrowing capacity	$ 750,000,000		$ 750,000,000
Secured Debt | Term A Loan Facility
Debt Instrument [Line Items]
Amended securitization facility	1,285,000,000		1,285,000,000
Secured Debt | Term Loan A
Debt Instrument [Line Items]
Amended securitization facility	2,525,000,000		2,525,000,000
Secured Debt | Term Loan B
Debt Instrument [Line Items]
Amended securitization facility	350,000,000		350,000,000
Secured Debt | Revolving A Facility
Debt Instrument [Line Items]
Amended securitization facility	800,000,000		800,000,000
Secured Debt | Revolving B Facility
Debt Instrument [Line Items]
Amended securitization facility	450,000,000		450,000,000
Secured Debt | Revolving C Facility
Debt Instrument [Line Items]
Amended securitization facility	35,000,000		35,000,000
Variable Rate Debt
Debt Instrument [Line Items]
Long-term debt	$ 2,000,000,000		$ 2,000,000,000		$ 2,000,000,000
Eurodollar | Secured Debt | Term Loan B
Debt Instrument [Line Items]
Basis spread on variable rate			2.00%
Base Rate | Secured Debt | Term Loan B
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
London Interbank Offered Rate (LIBOR) | Commercial Paper | Securitization Facility
Debt Instrument [Line Items]
Basis spread on variable rate			0.90%
Blended Rate Of LIBOR And Commercial Paper Rates Based On Weighted Average Advance | Commercial Paper | Securitization Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.88%
Minimum | Secured Debt
Debt Instrument [Line Items]
Unused facility fee, as percentage of unused portion			0.20%
Minimum | Federal Funds Rate Plus | Secured Debt
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Maximum | Secured Debt
Debt Instrument [Line Items]
Unused facility fee, as percentage of unused portion			0.40%
Maximum | Eurodollar | Secured Debt
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%

Income taxes - Additional Infor

Income taxes - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense at federal statutory rate, rate	21.00%	21.00%

Income Taxes - Summary of Provi

Income Taxes - Summary of Provision for Income Taxes and U.S. Federal Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount [Abstract]
Computed “expected” tax expense	$ 48,141	$ 48,157
Foreign income tax differential	(4,692)	2,016
Excess tax benefit related to stock-based compensation	(6,385)	(4,624)
State taxes net of federal benefits	3,551	3,373
Foreign-sourced nontaxable income	(56)	(6,588)
Foreign tax credit/transition tax - federal only	5,275	5,471
GILTI, net of foreign tax credits	2,433	4,921
Change in valuation allowance	3,289	0
Other	5,578	1,656
Provision for income taxes	$ 57,134	$ 54,382
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Computed “expected” tax expense	21.00%	21.00%
Foreign income tax differential	(2.00%)	0.90%
Excess tax benefit related to stock-based compensation	(2.80%)	(2.00%)
State taxes net of federal benefits	1.50%	1.50%
Foreign-sourced nontaxable income	(0.00%)	(2.90%)
Foreign tax credit/transition tax - federal only	2.30%	2.40%
GILTI, net of foreign tax credits	1.10%	2.10%
Change in valuation allowance	1.40%	0.00%
Other	2.40%	0.70%
Provision for income taxes	24.90%	23.70%

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share, Basic and Diluted (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019		Mar. 31, 2018
Earnings Per Share [Abstract]
Net income	$ 172,107	[1]	$ 174,937
Denominator for basic earnings per share (in shares)	85,941		89,765
Dilutive securities (in shares)	3,303		3,485
Denominator for diluted earnings per share (in shares)	89,244		93,250
Basic earnings per share (in dollars per share)	$ 2		$ 1.95
Diluted earnings per share (in dollars per share)	$ 1.93		$ 1.88
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of earnings per share (in shares)	0.1	0.1
Performance Based Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of earnings per share (in shares)	0.1	0.2

Segments - Additional Informati

Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Intersegment sales	$ 621,825,000	$ 585,500,000
Intersegment Eliminations
Segment Reporting Information [Line Items]
Intersegment sales	$ 0

Segments - Schedule of Company'

Segments - Schedule of Company's Segment Results (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019		Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues, net	$ 621,825		$ 585,500
Operating income	284,176		260,087
Depreciation and amortization	67,445		71,502
Capital expenditures	14,506	[1]	15,214
North America
Segment Reporting Information [Line Items]
Revenues, net	396,899		364,270
Operating income	172,411		155,950
Depreciation and amortization	38,292		38,675
Capital expenditures	8,377		8,411
International
Segment Reporting Information [Line Items]
Revenues, net	224,926		221,230
Operating income	111,765		104,137
Depreciation and amortization	29,153		32,827
Capital expenditures	$ 6,129		$ 6,803
[1]	Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities Schedule of Notional Amounts (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Foreign exchange contracts	$ 12,039.9	$ 10,735.4
Swaps
Derivative [Line Items]
Foreign exchange contracts	552.9	929.5
Futures, forwards and spot
Derivative [Line Items]
Foreign exchange contracts	3,886.7	3,249.9
Written options
Derivative [Line Items]
Foreign exchange contracts	4,179.7	3,688.8
Purchased options
Derivative [Line Items]
Foreign exchange contracts	$ 3,420.6	$ 2,867.2

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities Schedule of Fair Value by Balance Sheet Location (Details) - Not Designated as Hedging Instrument - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Gross Amounts of Recognized Assets	$ 82.3	$ 109.5
Cash collateral	8.1	9.6
Derivative asset, fair value, gross, net of cash collateral	74.2	99.9
Gross Amounts of Recognized Liabilities	82.2	112.9
Cash collateral	40.8	73.1
Derivative liabilities, fair value, gross, net of cash collateral	41.4	39.8
Foreign exchange contracts	40.1	68.8
Derivative assets, net	32	59.2
Foreign exchange contracts	40	72.1
Derivative liabilities, net	$ (0.8)	$ (1)

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Narrative (Details) $ in Millions	Mar. 31, 2019USD ($)	Jan. 22, 2019USD ($)derivative
Derivative [Line Items]
Number of cash flow hedges entered into | derivative		3
Gain (loss) to be reclassified during next 12 months	$ (1.7)
Variable Rate Debt
Derivative [Line Items]
Long-term debt	$ 2,000	$ 2,000

Derivative Financial Instrume_6

Derivative Financial Instruments and Hedging Activities - Schedule of Cash Flow Hedge Notional Amounts (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 22, 2019	Dec. 31, 2018
Derivative [Line Items]
Foreign exchange contracts	$ 12,039.9		$ 10,735.4
Designated as Hedging Instrument | Interest rate swaps
Derivative [Line Items]
Foreign exchange contracts		$ 1,000
Fixed Rates		2.56%
Designated as Hedging Instrument | Interest Rate Swap 2
Derivative [Line Items]
Foreign exchange contracts		$ 500
Fixed Rates		2.56%
Designated as Hedging Instrument | Interest Rate Swap 3
Derivative [Line Items]
Foreign exchange contracts		$ 500
Fixed Rates		2.55%

Derivative Financial Instrume_7

Derivative Financial Instruments and Hedging Activities - Schedule of Fair Value and Balance Sheet Location (Details) - Interest rate swaps $ in Thousands	Mar. 31, 2019USD ($)
Derivative [Line Items]
Foreign exchange contracts	$ 27,569
Other Liabilities | Designated as Hedging Instrument
Derivative [Line Items]
Foreign exchange contracts	$ 27,600

Derivative Financial Instrume_8

Derivative Financial Instruments and Hedging Activities - Schedule of Gain (Loss) (Details) - Cash Flow Hedging - Designated as Hedging Instrument - Interest rate swaps $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Derivative [Line Items]
Amount of loss recognized in other comprehensive income on derivatives, net of tax of $6.9 million	$ 20.7
Tax on income (loss) recognized in other comprehensive income on derivatives	6.9
Amount of loss reclassified from accumulated other comprehensive income into interest expense	$ 0.2

Subsequent Events - Narrative

Subsequent Events - Narrative (Details) - Series of Individually Immaterial Business Acquisitions - Subsequent Event $ in Millions	Apr. 01, 2019USD ($)acquisition
Subsequent Event [Line Items]
Number of businesses acquired | acquisition	2
Aggregate purchase price | $	$ 255

Uncategorized Items - flt-20190

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 47,252,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 47,252,000