XML 146 R29.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Business Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Business Segment Information | Business Segment Information The Company’s operations are comprised of the First Data segment, the Payments segment and the Financial segment. Since the Company’s acquisition of First Data on July 29, 2019 (see Note 4), the chief operating decision maker of the Company has managed the operations of First Data as a separate business segment while evaluating its organizational structure and related integration plans, including the allocation of resources and the assessment of performance. The Company expects that it will realign its business segments in the first quarter of 2020 when its new reporting structure and First Data integration plans are finalized. The First Data segment provides a wide-range of solutions to merchants, including retail point-of-sale merchant transaction processing and acquiring, e-commerce services, mobile payment services and the cloud-based Clover® point-of-sale operating system. The businesses in this segment also provide technology solutions for bank and non-bank issuers and a wide range of value-added solutions complementing the merchant and issuer technology solutions. The Payments segment 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 of the combined company and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services. Operating results for each segment are presented below. The Company does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not presented.
(In millions) | First Data (1) |  | Payments |  | Financial |  | Corporate and Other |  | Total
2019 |  |  |  |  |  |  |  |  |
Processing and services revenue | $ | 3,291 |  |  | $ | 2,993 |  |  | $ | 2,240 |  |  | $ | 49 |  |  | $ | 8,573 |
Product revenue | 787 |  |  | 751 |  |  | 167 |  |  | (91 | ) |  | 1,614 |
Total revenue | 4,078 |  |  | 3,744 |  |  | 2,407 |  |  | (42 | ) |  | 10,187 |
Operating income | 1,031 |  |  | 1,252 |  |  | 805 |  |  | (1,479 | ) |  | 1,609 |
Capital expenditures | 250 |  |  | 265 |  |  | 131 |  |  | 75 |  |  | 721 |
Depreciation and amortization expense | 421 |  |  | 253 |  |  | 149 |  |  | 955 |  |  | 1,778 |
2018 |  |  |  |  |  |  |  |  |
Processing and services revenue | $ | — |  |  | $ | 2,728 |  |  | $ | 2,204 |  |  | $ | 43 |  |  | $ | 4,975 |
Product revenue | — |  |  | 739 |  |  | 191 |  |  | (82 | ) |  | 848 |
Total revenue | — |  |  | 3,467 |  |  | 2,395 |  |  | (39 | ) |  | 5,823 |
Operating income (2) | — |  |  | 1,122 |  |  | 798 |  |  | (167 | ) |  | 1,753 |
Capital expenditures | — |  |  | 239 |  |  | 115 |  |  | 6 |  |  | 360 |
Depreciation and amortization expense | — |  |  | 225 |  |  | 145 |  |  | 186 |  |  | 556 |
2017 |  |  |  |  |  |  |  |  |
Processing and services revenue | $ | — |  |  | $ | 2,476 |  |  | $ | 2,347 |  |  | $ | 10 |  |  | $ | 4,833 |
Product revenue | — |  |  | 758 |  |  | 183 |  |  | (78 | ) |  | 863 |
Total revenue | — |  |  | 3,234 |  |  | 2,530 |  |  | (68 | ) |  | 5,696 |
Operating income | — |  |  | 1,034 |  |  | 849 |  |  | (351 | ) |  | 1,532 |
Capital expenditures | — |  |  | 182 |  |  | 95 |  |  | 10 |  |  | 287 |
Depreciation and amortization expense | — |  |  | 169 |  |  | 92 |  |  | 183 |  |  | 444 |
(1) | Includes the results of First Data from July 29, 2019, the date of acquisition.
(2) | A gain of $227 million from the sale of a 55% interest of the Company’s Lending Solutions business is included within Corporate and Other.
Revenue generated outside the United States comprised approximately 12%, 6% and 5% of total revenue in 2019, 2018 and 2017, respectively.

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

X
- 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration