XML 39 R22.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Accounting Policies [Abstract] |
Schedule of property and equipment | Property and equipment consisted of the following at December 31:
(In millions) | Estimated Useful Lives |  | 2018 |  | 2017
Land | — |  | $ | 10 |  |  | $ | 13 |
Data processing equipment | 3 to 5 years |  | 775 |  |  | 726 |
Buildings and leasehold improvements | 5 to 40 years |  | 256 |  |  | 255 |
Furniture and equipment | 5 to 8 years |  | 186 |  |  | 182 |
|  |  | 1,227 |  |  | 1,176 |
Less: accumulated depreciation |  |  | (829 | ) |  | (786 | )
Total |  |  | $ | 398 |  |  | $ | 390 |
Schedule of intangible assets | Intangible assets consisted of the following at December 31:
(In millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
2018 |
Customer related intangible assets |  | $ | 2,642 |  |  | $ | 1,294 |  |  | $ | 1,348 |
Acquired software and technology |  | 591 |  |  | 490 |  |  | 101 |
Trade names |  | 120 |  |  | 71 |  |  | 49 |
Capitalized software development costs |  | 810 |  |  | 314 |  |  | 496 |
Purchased software |  | 261 |  |  | 112 |  |  | 149 |
Total |  | $ | 4,424 |  |  | $ | 2,281 |  |  | $ | 2,143 |
(In millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
2017 |
Customer related intangible assets |  | $ | 2,293 |  |  | $ | 1,168 |  |  | $ | 1,125 |
Acquired software and technology |  | 579 |  |  | 460 |  |  | 119 |
Trade names |  | 117 |  |  | 64 |  |  | 53 |
Capitalized software development costs |  | 737 |  |  | 282 |  |  | 455 |
Purchased software |  | 241 |  |  | 111 |  |  | 130 |
Total |  | $ | 3,967 |  |  | $ | 2,085 |  |  | $ | 1,882 |
Schedule of changes in goodwill | The changes in goodwill during 2018 and 2017 were as follows:
(In millions) |  | Payments |  | Financial |  | Total
Goodwill - December 31, 2016 |  | $ | 3,610 |  |  | $ | 1,763 |  |  | $ | 5,373 |
Acquired goodwill |  | 146 |  |  | 71 |  |  | 217 |
Disposed goodwill |  | — |  |  | (3 | ) |  | (3 | )
Foreign currency adjustments |  | 1 |  |  | 2 |  |  | 3 |
Goodwill - December 31, 2017 |  | 3,757 |  |  | 1,833 |  |  | 5,590 |
Acquired goodwill |  | 240 |  |  | 7 |  |  | 247 |
Disposed goodwill |  | — |  |  | (131 | ) |  | (131 | )
Foreign currency adjustments |  | (1 | ) |  | (3 | ) |  | (4 | )
Goodwill - December 31, 2018 |  | $ | 3,996 |  |  | $ | 1,706 |  |  | $ | 5,702 |
Schedule of accounts payable and accrued expenses | Accounts payable and accrued expenses consisted of the following at December 31:
(In millions) |  | 2018 |  | 2017
Trade accounts payable |  | $ | 127 |  |  | $ | 80 |
Client deposits |  | 564 |  |  | 481 |
Settlement obligations |  | 480 |  |  | 379 |
Accrued compensation and benefits |  | 199 |  |  | 198 |
Other accrued expenses |  | 256 |  |  | 221 |
Total |  | $ | 1,626 |  |  | $ | 1,359 |
Schedule of changes in accumulated other comprehensive loss by component | Changes in accumulated other comprehensive loss by component, net of income taxes, consisted of the following:
(In millions) |  | Cash Flow Hedges |  | Foreign Currency Translation |  | Other |  | Total
Balance at December 31, 2017 |  | $ | (14 | ) |  | $ | (38 | ) |  | $ | (2 | ) |  | $ | (54 | )
Other comprehensive loss before reclassifications |  | (5 | ) |  | (11 | ) |  | — |  |  | (16 | )
Amounts reclassified from accumulated other comprehensive loss |  | 3 |  |  | — |  |  | — |  |  | 3 |
Net current-period other comprehensive loss |  | (2 | ) |  | (11 | ) |  | — |  |  | (13 | )
Cumulative-effect adjustment of ASU 2017-12 adoption from retained earnings |  | 3 |  |  | — |  |  | — |  |  | 3 |
Cumulative-effect adjustment of ASU 2018-02 adoption to retained earnings |  | (3 | ) |  | — |  |  | — |  |  | (3 | )
Balance at December 31, 2018 |  | $ | (16 | ) |  | $ | (49 | ) |  | $ | (2 | ) |  | $ | (67 | )
(In millions) |  | Cash Flow Hedges |  | Foreign Currency Translation |  | Other |  | Total
Balance at December 31, 2016 |  | $ | (24 | ) |  | $ | (50 | ) |  | $ | (2 | ) |  | $ | (76 | )
Other comprehensive income before reclassifications |  | 4 |  |  | 12 |  |  | — |  |  | 16 |
Amounts reclassified from accumulated other comprehensive loss |  | 6 |  |  | — |  |  | — |  |  | 6 |
Net current-period other comprehensive income |  | 10 |  |  | 12 |  |  | — |  |  | 22 |
Balance at December 31, 2017 |  | $ | (14 | ) |  | $ | (38 | ) |  | $ | (2 | ) |  | $ | (54 | )
Computation of shares used in calculating basic and diluted net income per share | The computation of shares used in calculating basic and diluted net income per share is as follows:
(In millions) |  | 2018 |  | 2017 |  | 2016
Weighted-average common shares outstanding used for the calculation of net income per share - basic |  | 405.5 |  |  | 422.3 |  |  | 440.6 |
Common stock equivalents |  | 8.2 |  |  | 9.0 |  |  | 7.2 |
Weighted-average common shares outstanding used for the calculation of net income per share - diluted |  | 413.7 |  |  | 431.3 |  |  | 447.8 |
Schedule of supplemental cash flow information | Supplemental Cash Flow Information
(In millions) |  | 2018 |  | 2017 |  | 2016
Interest paid |  | $ | 165 |  |  | $ | 160 |  |  | $ | 147 |
Income taxes paid |  | 259 |  |  | 409 |  |  | 408 |
Treasury stock purchases settled after the balance sheet date |  | 26 |  |  | 5 |  |  | 10 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=84228862&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration