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Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (unaudited) | Quarterly Financial Data (unaudited) Quarterly financial data for 2020 and 2019 was as follows:
(In millions, except per share data) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Full Year
2020 |  |  |  |  |  |  |  |  |
Total revenue | $ | 3,769 |  |  | $ | 3,465 |  |  | $ | 3,786 |  |  | $ | 3,832 |  |  | $ | 14,852 |
Cost of processing and services | 1,635 |  |  | 1,466 |  |  | 1,387 |  |  | 1,353 |  |  | 5,841 |
Cost of product | 532 |  |  | 454 |  |  | 481 |  |  | 504 |  |  | 1,971 |
Selling, general and administrative expenses | 1,404 |  |  | 1,377 |  |  | 1,412 |  |  | 1,459 |  |  | 5,652 |
(Gain) loss on sale of businesses | (431) |  |  | 3 |  |  | (36) |  |  | — |  |  | (464) |
Total expenses | 3,140 |  |  | 3,300 |  |  | 3,244 |  |  | 3,316 |  |  | 13,000 |
Operating income | 629 |  |  | 165 |  |  | 542 |  |  | 516 |  |  | 1,852 |
Net income | 377 |  |  | 9 |  |  | 276 |  |  | 313 |  |  | 975 |
Net income attributable to Fiserv, Inc. | 392 |  |  | 2 |  |  | 264 |  |  | 300 |  |  | 958 |
Comprehensive (loss) income attributable to Fiserv, Inc. | (239) |  |  | 169 |  |  | 77 |  |  | 744 |  |  | 751 |
Net income attributable to Fiserv, Inc. per share: (1) |  |  |  |  |  |  |  |  |
Basic | $ | 0.58 |  |  | $ | — |  |  | $ | 0.39 |  |  | $ | 0.45 |  |  | $ | 1.42 |
Diluted | $ | 0.57 |  |  | $ | — |  |  | $ | 0.39 |  |  | $ | 0.44 |  |  | $ | 1.40 |
2019 (2) |  |  |  |  |  |  |  |  |
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 |
Net income | 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: (1) |  |  |  |  |  |  |  |  |
Basic | $ | 0.58 |  |  | $ | 0.57 |  |  | $ | 0.34 |  |  | $ | 0.36 |  |  | $ | 1.74 |
Diluted | $ | 0.56 |  |  | $ | 0.56 |  |  | $ | 0.33 |  |  | $ | 0.36 |  |  | $ | 1.71 |
(1)Net income attributable to Fiserv, Inc. per share in each period is calculated using actual, unrounded amounts. (2)Includes the results of First Data from July 29, 2019, the date of acquisition.

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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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