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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue $ 4,138 $ 3,755
Selling, general and administrative 1,467 1,373
Gain on sale of assets [1] 147 0
Total expenses 3,292 3,280
Operating income 846 475
Interest expense, net (168) (176)
Other (expense) income (4) 21
Income before income taxes and income from investments in unconsolidated affiliates 674 320
Income tax provision (98) (18)
Income from investments in unconsolidated affiliates [1] 106 16
Net income [1] 682 318
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests 13 14
Net income attributable to Fiserv, Inc. $ 669 $ 304
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 1.03 $ 0.45
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 1.02 $ 0.45
Shares used in computing net income attributable to Fiserv, Inc. per share:    
Basic (in shares) 650.8 668.6
Diluted (in shares) 657.2 679.9
Processing and services    
Revenue [2] $ 3,364 $ 3,054
Cost of goods sold and services 1,436 1,397
Product    
Revenue 774 701
Cost of goods sold and services $ 536 $ 510
[1] The company revised, for comparable purposes with the current period’s presentation, the consolidated statement of cash flows presentation for the three months ended March 31, 2021 to include cash and cash equivalents within settlement assets as a component of total cash and cash equivalents. Additional information is included in Note 1.
[2] Includes processing and other fees charged to related party investments accounted for under the equity method of $51 million and $58 million for the three months ended March 31, 2022 and 2021, respectively (see Note 18).