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Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (unaudited) | Quarterly Financial Data (unaudited) Quarterly financial data for 2019 and 2018 was as follows:
(In millions, except per share data) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Full Year
2019 (1) |  |  |  |  |  |  |  |  |
Total revenue | $ | 1,502 |  |  | $ | 1,512 |  |  | $ | 3,128 |  |  | $ | 4,045 |  |  | $ | 10,187 |
Cost of processing and services | 624 |  |  | 617 |  |  | 1,204 |  |  | 1,571 |  |  | 4,016 |
Cost of product | 174 |  |  | 168 |  |  | 413 |  |  | 538 |  |  | 1,293 |
Selling, general and administrative expenses | 341 |  |  | 343 |  |  | 1,137 |  |  | 1,463 |  |  | 3,284 |
Gain on sale of businesses | (10 | ) |  | — |  |  | — |  |  | (5 | ) |  | (15 | )
Total expenses | 1,129 |  |  | 1,128 |  |  | 2,754 |  |  | 3,567 |  |  | 8,578 |
Operating income | 373 |  |  | 384 |  |  | 374 |  |  | 478 |  |  | 1,609 |
Income from continuing operations | 225 |  |  | 223 |  |  | 225 |  |  | 241 |  |  | 914 |
Net income attributable to Fiserv, Inc. | 225 |  |  | 223 |  |  | 198 |  |  | 247 |  |  | 893 |
Comprehensive income attributable to Fiserv, Inc. | 207 |  |  | 115 |  |  | 12 |  |  | 446 |  |  | 780 |
Net income attributable to Fiserv, Inc. per share - continuing operations: (2) |  |  |  |  |  |  |  |  |
Basic | $ | 0.58 |  |  | $ | 0.57 |  |  | $ | 0.34 |  |  | $ | 0.36 |  |  | $ | 1.74 |
Diluted | $ | 0.56 |  |  | $ | 0.56 |  |  | $ | 0.33 |  |  | $ | 0.36 |  |  | $ | 1.71 |
2018 |  |  |  |  |  |  |  |  |
Total revenue | $ | 1,440 |  |  | $ | 1,420 |  |  | $ | 1,412 |  |  | $ | 1,551 |  |  | $ | 5,823 |
Cost of processing and services | 568 |  |  | 560 |  |  | 568 |  |  | 628 |  |  | 2,324 |
Cost of product | 191 |  |  | 179 |  |  | 181 |  |  | 194 |  |  | 745 |
Selling, general and administrative expenses | 305 |  |  | 320 |  |  | 305 |  |  | 298 |  |  | 1,228 |
(Gain) loss on sale of businesses | (232 | ) |  | 3 |  |  | 2 |  |  | — |  |  | (227 | )
Total expenses | 832 |  |  | 1,062 |  |  | 1,056 |  |  | 1,120 |  |  | 4,070 |
Operating income | 608 |  |  | 358 |  |  | 356 |  |  | 431 |  |  | 1,753 |
Income from continuing operations | 423 |  |  | 251 |  |  | 227 |  |  | 286 |  |  | 1,187 |
Net income attributable to Fiserv, Inc. | 423 |  |  | 251 |  |  | 227 |  |  | 286 |  |  | 1,187 |
Comprehensive income attributable to Fiserv, Inc. | 421 |  |  | 241 |  |  | 214 |  |  | 298 |  |  | 1,174 |
Net income attributable to Fiserv, Inc. per share - continuing operations: (2) |  |  |  |  |  |  |  |  |
Basic | $ | 1.02 |  |  | $ | 0.61 |  |  | $ | 0.56 |  |  | $ | 0.72 |  |  | $ | 2.93 |
Diluted | $ | 1.00 |  |  | $ | 0.60 |  |  | $ | 0.55 |  |  | $ | 0.71 |  |  | $ | 2.87 |
(1) | Includes the results of First Data from July 29, 2019, the date of acquisition.
(2) Net income attributable to Fiserv, Inc. per share - continuing operations in each period is calculated using actual, unrounded amounts.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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