XML 26 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Revenue
3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company’s disaggregated net revenue by category and geographic region were as follows:
Three Months Ended March 31,
20232022
(in millions)
Net revenue by category:
Payment network$3,650 $3,399 
Value-added services and solutions2,098 1,768 
Net revenue$5,748 $5,167 
Net revenue by geographic region:
North American Markets$1,896 $1,730 
International Markets3,852 3,437 
Net revenue$5,748 $5,167 
The Company’s customers are generally billed weekly, however, the frequency is dependent upon the nature of the performance obligation and the underlying contractual terms. The Company does not typically offer extended payment terms to customers. The following table sets forth the location of the amounts recognized on the consolidated balance sheet from contracts with customers:
March 31,
2023
December 31,
2022
(in millions)
Receivables from contracts with customers
Accounts receivable
$3,271 $3,213 
Contract assets
Prepaid expenses and other current assets142 118 
Other assets511 442 
Deferred revenue 1
Other current liabilities634 434 
Other liabilities266 248 
1    Revenue recognized from performance obligations satisfied during the three months ended March 31, 2023 was $371 million.