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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of cash and cash equivalents | The following table provides a reconciliation between cash and cash equivalents on the consolidated balance sheets and the consolidated statements of cash flows at December 31:
(In millions) | 2021 |  | 2020 |  | 2019 |
Cash and cash equivalents on the consolidated balance sheets | $ | 835 |  |  | $ | 906 |  |  | $ | 893 |  |
Cash and cash equivalents included in settlement assets (see Note 6) | 2,361 |  |  | 1,650 |  |  | 1,245 |  |
Other restricted cash | 9 |  |  | 13 |  |  | 40 |  |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 3,205 |  |  | $ | 2,569 |  |  | $ | 2,178 |  |
Schedule of property and equipment | Property and equipment consisted of the following at December 31:
(In millions) | Estimated Useful Lives |  | 2021 |  | 2020
Land | — |  | $ | 48 |  |  | $ | 54 |
Data processing equipment | 3 to 5 years |  | 2,302 |  |  | 1,666 |
Buildings and leasehold improvements | 5 to 40 years |  | 512 |  |  | 555 |
Furniture and equipment | 5 to 8 years |  | 372 |  |  | 636 |
|  |  | 3,234 |  |  | 2,911 |
Less: Accumulated depreciation |  |  | (1,492) |  |  | (1,283) |
Total |  |  | $ | 1,742 |  |  | $ | 1,628 |
Schedule of accounts payable and accrued expenses | Accounts payable and accrued expenses consisted of the following at December 31:
(In millions) |  | 2021 |  | 2020
Trade accounts payable |  | $ | 593 |  |  | $ | 437 |
Client deposits |  | 783 |  |  | 702 |
Accrued compensation and benefits |  | 392 |  |  | 419 |
Accrued taxes |  | 154 |  |  | 130 |
Accrued interest |  | 216 |  |  | 220 |
Other accrued expenses |  | 1,412 |  |  | 1,278 |
Total |  | $ | 3,550 |  |  | $ | 3,186 |
Schedule of interest expense, net | Interest expense, net consisted of the following for the years ended December 31:
(In millions) | 2021 |  | 2020 |  | 2019 |
Interest expense | $ | 696 |  |  | $ | 716 |  |  | $ | 507 |  |
Interest income | 3 |  |  | 7 |  |  | 34 |  |
Interest expense, net | $ | 693 |  |  | $ | 709 |  |  | $ | 473 |  |
Computation of shares used in calculating basic and diluted net income per share | The computation of shares used in calculating basic and diluted net income per share is as follows at December 31:
(In millions) |  | 2021 |  | 2020 |  | 2019
Weighted-average common shares outstanding used for the calculation of net income attributable to Fiserv, Inc. per share – basic |  | 662.6 |  |  | 672.1 |  |  | 512.3 |
Common stock equivalents |  | 9.0 |  |  | 11.3 |  |  | 10.3 |
Weighted-average common shares outstanding used for the calculation of net income attributable to Fiserv, Inc. per share – diluted |  | 671.6 |  |  | 683.4 |  |  | 522.6 |
Schedule of supplemental cash flow information | Supplemental Cash Flow Information
(In millions) |  |  |  |  |  |
Year Ended December 31, |  | 2021 |  | 2020 |  | 2019
Interest paid |  | $ | 648 |  |  | $ | 673 |  |  | $ | 291 |
Income taxes paid |  | 666 |  |  | 156 |  |  | 197 |
Treasury stock purchases settled after the balance sheet date |  | — |  |  | — |  |  | 6 |
Distribution of nonmonetary assets (see Note 4) |  | — |  |  | 726 |  |  | — |
Software obtained under financing arrangements |  | 143 |  |  | 308 |  |  | — |
Restrictions on cash and cash equivalents | The following table provides a reconciliation between cash and cash equivalents on the consolidated balance sheets and the consolidated statements of cash flows at December 31:
(In millions) | 2021 |  | 2020 |  | 2019 |
Cash and cash equivalents on the consolidated balance sheets | $ | 835 |  |  | $ | 906 |  |  | $ | 893 |  |
Cash and cash equivalents included in settlement assets (see Note 6) | 2,361 |  |  | 1,650 |  |  | 1,245 |  |
Other restricted cash | 9 |  |  | 13 |  |  | 40 |  |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 3,205 |  |  | $ | 2,569 |  |  | $ | 2,178 |  |

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