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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Mastercard has concluded it has one reportable operating segment, “Payment Solutions.” The Payment Solutions segment derives its revenues from a wide range of payment solutions provided to customers. Revenue is generated from offering customers access to Mastercard’s continuous payment network, as well as by providing value-added services and solutions, whether integrated and sold with the payment network or on a stand-alone basis. Revenue is recognized when services are performed in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those services (i.e., fees charged to customers). All of the segment’s activities are interrelated, and each activity is dependent upon and supportive of the other. Accordingly, all significant operating decisions are based upon analysis of Mastercard at the consolidated level. The accounting policies of the Payment Solutions segment are the same as those described in Note 1 (Summary of Significant Accounting Policies). Mastercard’s Chief Executive Officer has been identified as the chief operating decision-maker (“CODM”). The CODM assesses performance for the Payment Solutions segment and decides how to allocate resources, including whether to reinvest profits into the Payment Solutions segment or into other business activities such as for acquisitions, to pay dividends or for share repurchases, based on net income as reported on the consolidated statements of operations (“Consolidated Net Income”). The CODM uses Consolidated Net Income and other measures for internal planning and forecasting purposes and in the calculation of performance-based compensation. The following represents the selected financial information regularly reviewed by the CODM to assess performance of the Payment Solutions segment for the years ended December 31:
|  | 2024 |  | 2023 |  | 2022
|  | (in millions)
Net revenue |  | $ | 28,167 |  |  | $ | 25,098 |  |  | $ | 22,237 |
Less: |  |  |  |  |  |
Personnel |  | 6,673 |  |  | 6,022 |  |  | 5,263 |
Professional Fees |  | 549 |  |  | 495 |  |  | 480 |
Data processing and telecommunications |  | 1,119 |  |  | 1,008 |  |  | 926 |
Foreign exchange activity |  | 65 |  |  | 83 |  |  | 102 |
Advertising and marketing |  | 815 |  |  | 825 |  |  | 789 |
Depreciation and amortization |  | 897 |  |  | 799 |  |  | 750 |
Provision for litigation |  | 680 |  |  | 539 |  |  | 356 |
Investment Income |  | (327) |  |  | (274) |  |  | (61) |
(Gains) losses on equity investments, net |  | 29 |  |  | 61 |  |  | 145 |
Interest expense |  | 646 |  |  | 575 |  |  | 471 |
Other (income) expense, net |  | (20) |  |  | 7 |  |  | (23) |
Income tax expense |  | 2,380 |  |  | 2,444 |  |  | 1,802 |
Other segment items 1 |  | 1,787 |  |  | 1,319 |  |  | 1,307 |
Consolidated Net Income |  | $ | 12,874 |  |  | $ | 11,195 |  |  | $ | 9,930 |
1 Includes fulfillment costs, occupancy costs, travel and meeting expenses, and other overhead expenses. Revenue by geographic market is based on the location of the Company’s customer that issued the card, the location of the merchant acquirer where the card is being used or the location of the customer receiving services. Revenue generated in the U.S. was approximately 30% of net revenue in 2024, 30% in 2023 and 33% in 2022. No individual country, other than the U.S., generated more than 10% of net revenue in those periods. Mastercard did not have any individual customer that generated greater than 10% of net revenue in 2024, 2023 or 2022. The following table reflects the geographical location of the Company’s property, equipment and right-of-use assets, net, as of December 31:
|  | 2024 |  | 2023 |  | 2022
|  | (in millions)
United States |  | $ | 1,095 |  |  | $ | 1,027 |  |  | $ | 1,123 |
Other countries |  | 1,043 |  |  | 1,034 |  |  | 883 |
Total |  | $ | 2,138 |  |  | $ | 2,061 |  |  | $ | 2,006 |

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- Definition The entire disclosure for reporting segments including data and tables. 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