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Business Segment Information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

The Company’s operations are comprised of the Payments segment and the Financial segment. The Payments segment primarily provides electronic bill payment and presentment services, internet and mobile banking software and services, account-to-account transfers, person-to-person payment services, debit and credit card processing and services, payments infrastructure services, and other electronic payments software and services. The businesses in this segment also provide card and print personalization services, investment account processing services for separately managed accounts, and fraud and risk management products and services. The Financial segment provides financial institutions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions. Corporate and Other primarily consists of intercompany eliminations, amortization of acquisition-related intangible assets, unallocated corporate expenses and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services.

(In millions)	Payments				Financial				Corporate and Other				Total
Three Months Ended June 30, 2019
Processing and services revenue	$	744			$	570			$	14			$	1,328
Product revenue	173				34				(23		)		184
Total revenue	$	917			$	604			$	(9	)		$	1,512
Operating income	$	303			$	203			$	(122	)		$	384
Three Months Ended June 30, 2018
Processing and services revenue	$	665			$	529			$	13			$	1,207
Product revenue	172				61				(20		)		213
Total revenue	$	837			$	590			$	(7	)		$	1,420
Operating income	$	269			$	201			$	(112	)		$	358
Six Months Ended June 30, 2019
Processing and services revenue	$	1,470			$	1,124			$	27			$	2,621
Product revenue	361				78				(46		)		393
Total revenue	$	1,831			$	1,202			$	(19	)		$	3,014
Operating income	$	590			$	402			$	(235	)		$	757
Six Months Ended June 30, 2018
Processing and services revenue	$	1,318			$	1,111			$	16			$	2,445
Product revenue	361				95				(41		)		415
Total revenue	$	1,679			$	1,206			$	(25	)		$	2,860
Operating income	$	540			$	403			$	23			$	966

Goodwill in the Payments segment was $4.0 billion as of both June 30, 2019 and December 31, 2018. Goodwill in the Financial segment was $1.7 billion as of both June 30, 2019 and December 31, 2018.

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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