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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Revenue $ 14,852 $ 10,187 $ 5,823
Expenses:      
Selling, general and administrative 5,652 3,284 1,228
Gain on sale of businesses (464) (15) (227)
Total expenses 13,000 8,578 4,070
Operating income 1,852 1,609 1,753
Interest expense, net (709) (473) (189)
Debt financing activities 0 (47) (14)
Other income (expense) 28 (6) 5
Income before income taxes and income from investments in unconsolidated affiliates 1,171 1,083 1,555
Income tax provision (196) (198) (378)
Income from investments in unconsolidated affiliates 0 29 10
Net income 975 914 1,187
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests 17 21 0
Net income attributable to Fiserv, Inc. $ 958 $ 893 $ 1,187
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 1.42 $ 1.74 $ 2.93
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 1.40 $ 1.71 $ 2.87
Shares used in computing net income attributable to Fiserv, Inc. per share:      
Basic (in shares) 672.1 512.3 405.5
Diluted (in shares) 683.4 522.6 413.7
Processing and services      
Revenue:      
Revenue [1] $ 12,215 $ 8,573 $ 4,975
Expenses:      
Cost of goods and services sold 5,841 4,016 2,324
Product      
Revenue:      
Revenue 2,637 1,614 848
Expenses:      
Cost of goods and services sold $ 1,971 $ 1,293 $ 745
[1] Includes processing and other fees charged to related party investments accounted for under the equity method of $236 million, $112 million and $28 million for the years ended December 31, 2020, 2019 and 2018, respectively (see Notes 9 and 20).