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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue $ 1,512 $ 1,420 $ 3,014 $ 2,860
Selling, general and administrative 343 320 684 625
(Gain) loss on sale of business 0 3 (10) (229)
Total expenses 1,128 1,062 2,257 1,894
Operating income 384 358 757 966
Interest expense (64) (45) (123) (90)
Debt financing activities (37) 0 (96) 0
Non-operating income 8 3 11 3
Income before income taxes and (loss) income from investments in unconsolidated affiliates 291 316 549 879
Income tax provision (60) (72) (91) (212)
(Loss) income from investments in unconsolidated affiliates (8) 7 (10) 7
Net income $ 223 $ 251 $ 448 $ 674
Net income per share – basic (in dollars per share) $ 0.57 $ 0.61 $ 1.14 $ 1.64
Net income per share – diluted (in dollars per share) $ 0.56 $ 0.60 $ 1.12 $ 1.61
Earnings Per Share [Abstract]        
Basic (in shares) 392.5 408.4 392.1 410.7
Diluted (in shares) 399.6 416.4 399.4 419.0
Processing and services        
Revenue $ 1,328 $ 1,207 $ 2,621 $ 2,445
Cost of revenue 617 560 1,241 1,128
Product        
Revenue 184 213 393 415
Cost of revenue $ 168 $ 179 $ 342 $ 370