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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | The tables below present the Company’s revenue disaggregated by type of revenue, including a reconciliation with its reportable segments. The Company’s disaggregation of revenue for the years ended December 31, 2019 and 2018 have been restated to reflect the Segment Realignment. The majority of the Company’s revenue is earned domestically, with revenue generated outside the United States comprising approximately 13%, 12% and 6% of total revenue in 2020, 2019 and 2018, respectively.
(In millions) | Reportable Segments
Year Ended December 31, 2020 | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing | $ | 4,696 |  |  | $ | 1,426 |  |  | $ | 4,348 |  |  | $ | 58 |  |  | $ | 10,528 |
Hardware, print and card production | 714 |  |  | 51 |  |  | 771 |  |  | — |  |  | 1,536 |
Professional services | 29 |  |  | 465 |  |  | 233 |  |  | 1 |  |  | 728 |
Software maintenance | — |  |  | 563 |  |  | 3 |  |  | 2 |  |  | 568 |
License and termination fees | 28 |  |  | 189 |  |  | 68 |  |  | — |  |  | 285 |
Output solutions postage | — |  |  | — |  |  | — |  |  | 864 |  |  | 864 |
Other | 55 |  |  | 207 |  |  | 81 |  |  | — |  |  | 343 |
Total Revenue | $ | 5,522 |  |  | $ | 2,901 |  |  | $ | 5,504 |  |  | $ | 925 |  |  | $ | 14,852 |
(In millions) | Reportable Segments
Year Ended December 31, 2019 | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing | $ | 2,205 |  |  | $ | 1,382 |  |  | $ | 3,110 |  |  | $ | 166 |  |  | $ | 6,863 |
Hardware, print and card production | 323 |  |  | 51 |  |  | 458 |  |  | — |  |  | 832 |
Professional services | 4 |  |  | 483 |  |  | 172 |  |  | 10 |  |  | 669 |
Software maintenance | — |  |  | 570 |  |  | 3 |  |  | 15 |  |  | 588 |
License and termination fees | 9 |  |  | 255 |  |  | 59 |  |  | 2 |  |  | 325 |
Output solutions postage | — |  |  | — |  |  | — |  |  | 572 |  |  | 572 |
Other | 30 |  |  | 201 |  |  | 107 |  |  | — |  |  | 338 |
Total Revenue | $ | 2,571 |  |  | $ | 2,942 |  |  | $ | 3,909 |  |  | $ | 765 |  |  | $ | 10,187 |
(In millions) |  |  | Reportable Segments
Year Ended December 31, 2018 |  |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing |  |  | $ | 1,345 |  |  | $ | 1,900 |  |  | $ | 163 |  |  | $ | 3,408 |
Hardware, print and card production |  |  | 41 |  |  | 304 |  |  | — |  |  | 345 |
Professional services |  |  | 483 |  |  | 86 |  |  | 8 |  |  | 577 |
Software maintenance |  |  | 577 |  |  | 3 |  |  | 15 |  |  | 595 |
License and termination fees |  |  | 277 |  |  | 32 |  |  | 4 |  |  | 313 |
Output solutions postage |  |  | — |  |  | — |  |  | 308 |  |  | 308 |
Other |  |  | 194 |  |  | 83 |  |  | — |  |  | 277 |
Total Revenue |  |  | $ | 2,917 |  |  | $ | 2,408 |  |  | $ | 498 |  |  | $ | 5,823 |
Contract with customer, asset and liabilities | The following table provides information about contract assets and contract liabilities from contracts with customers at December 31:
(In millions) | 2020 |  | 2019 |  | 2018
Contract assets | $ | 433 |  |  | $ | 382 |  |  | $ | 171 |
Contract liabilities | 733 |  |  | 647 |  |  | 469 |
Schedule of remaining performance obligations | The following table includes estimated processing, services and product revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at December 31, 2020:
(In millions) |
Year Ending December 31, |
2021 | $ | 2,000 |
2022 | 1,658 |
2023 | 1,355 |
2024 | 982 |
Thereafter | 1,825 |
Capitalized sales commissions and conversion or implementation costs | Capitalized sales commissions and conversion or implementation costs were as follows at December 31:
(In millions) |  | 2020 |  | 2019
Capitalized sales commissions |  | $ | 402 |  |  | $ | 357 |
Capitalized conversion or implementation costs |  | 290 |  |  | 176 |

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