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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 4,450 $ 4,051 $ 8,588 $ 7,806
Selling, general and administrative 1,546 1,440 3,013 2,813
Gain on sale of assets 0 0 (147) [1] 0 [1]
Total expenses 3,590 3,407 6,882 6,687
Operating income 860 644 1,706 1,119
Interest expense, net (176) (175) (344) (351)
Other (expense) income (66) 1 (70) 22
Income before income taxes and income from investments in unconsolidated affiliates 618 470 1,292 790
Income tax provision (137) (228) (235) (246)
Income from investments in unconsolidated affiliates 128 42 234 [1] 58 [1]
Net income 609 284 1,291 [1] 602 [1]
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests 11 15 24 29
Net income attributable to Fiserv, Inc. $ 598 $ 269 $ 1,267 $ 573
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 0.93 $ 0.41 $ 1.95 $ 0.86
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 0.92 $ 0.40 $ 1.94 $ 0.85
Shares used in computing net income attributable to Fiserv, Inc. per share:        
Basic (in shares) 645.2 663.7 648.0 666.1
Diluted (in shares) 650.8 672.7 654.0 676.3
Processing and services        
Revenue [2] $ 3,696 $ 3,361 $ 7,060 $ 6,415
Cost of goods sold and services 1,502 1,498 2,938 2,895
Product        
Revenue 754 690 1,528 1,391
Cost of goods sold and services $ 542 $ 469 $ 1,078 $ 979
[1] The company revised, for comparable purposes with the current period’s presentation, the consolidated statement of cash flows presentation for the six months ended June 30, 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 $50 million and $56 million for the three months ended June 30, 2022 and 2021, respectively, and $100 million and $114 million for the six months ended June 30, 2022 and 2021, respectively (see Note 18).