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Revenue | 6 Months Ended
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Jun. 30, 2024
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 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 Company’s customers are generally billed weekly, with certain billings occurring on a monthly and quarterly basis. The frequency of billing 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:
|  | 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 The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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