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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The Company’s disaggregated net revenue by category and geographic region were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | (in millions)
Net revenue by category: |  |  |  |  |  |  |  |
Payment network |  | $ | 4,375 |  |  | $ | 4,073 |  |  | $ | 8,295 |  |  | $ | 7,723 |
Value-added services and solutions |  | 2,586 |  |  | 2,196 |  |  | 5,014 |  |  | 4,294 |
Net revenue |  | $ | 6,961 |  |  | $ | 6,269 |  |  | $ | 13,309 |  |  | $ | 12,017 |
Net revenue by geographic region: |  |  |  |  |  |  |  |
Americas 1 |  | $ | 3,164 |  |  | $ | 2,814 |  |  | $ | 5,937 |  |  | $ | 5,351 |
Asia Pacific, Europe, Middle East and Africa |  | 3,797 |  |  | 3,455 |  |  | 7,372 |  |  | 6,666 |
Net revenue |  | $ | 6,961 |  |  | $ | 6,269 |  |  | $ | 13,309 |  |  | $ | 12,017 |
1 Americas includes the United States, Canada and Latin America. Prior period amounts have been reclassified to conform to the new presentation. The following table sets forth the location of the amounts recognized on the consolidated balance sheet from contracts with customers:
|  | June 30, 2024 |  | December 31, 2023
|  | (in millions)
Receivables from contracts with customers |  |  |  |
Accounts receivable |  | $ | 3,991 |  |  | $ | 3,851 |
Contract assets |  |  |  |
Prepaid expenses and other current assets |  | 133 |  |  | 133 |
Other assets |  | 434 |  |  | 387 |
Deferred revenue 1 |  |  |  |
Other current liabilities |  | 711 |  |  | 459 |
Other liabilities |  | 333 |  |  | 318 |
1 Revenue recognized from performance obligations satisfied during the three and six months ended June 30, 2024 were $569 million and $1,079 million, respectively

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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