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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

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