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Revenue Recognition
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue RecognitionThe Company generates revenue from the delivery of processing, service and product solutions. Revenue is measured based on consideration specified in a contract with a customer, and excludes any amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer which may be at a point in time or over time.
Disaggregation of Revenue
The Company’s operations are comprised of the Merchant Acceptance (“Acceptance”) segment, the Financial Technology (“Fintech”) segment and the Payments and Network (“Payments”) segment. Additional information regarding the Company’s business segments is included in Note 19. The tables below present the Company’s revenue disaggregated by type of revenue, including a reconciliation with its reportable segments. The majority of the Company’s revenue is earned domestically, with revenue generated outside the U.S. comprising approximately 14% of total revenue for each of the three months ended September 30, 2022 and 2021, and the nine months ended September 30, 2022 and 2021.
(In millions)Reportable Segments
Three Months Ended September 30, 2022 AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$1,586 $407 $1,218 $6 $3,217 
Hardware, print and card production254 9 271 — 534 
Professional services5 119 74 — 198 
Software maintenance— 138 7 — 145 
License and termination fees15 36 19 — 70 
Output Solutions postage— — — 251 251 
Other18 57 28 — 103 
Total revenue$1,878 $766 $1,617 $257 $4,518 

(In millions)Reportable Segments
Three Months Ended September 30, 2021AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$1,446 $389 $1,132 $4 $2,971 
Hardware, print and card production232 10 236 — 478 
Professional services12 124 66 — 202 
Software maintenance— 139 2 — 141 
License and termination fees12 45 16 — 73 
Output Solutions postage— — — 209 209 
Other14 54 19 2 89 
Total revenue$1,716 $761 $1,471 $215 $4,163 

(In millions)Reportable Segments
Nine Months Ended September 30, 2022 AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$4,649 $1,210 $3,486 $18 $9,363 
Hardware, print and card production694 28 744 — 1,466 
Professional services15 366 203 — 584 
Software maintenance— 415 18 — 433 
License and termination fees43 152 79 — 274 
Output Solutions postage— — — 712 712 
Other31 176 67 — 274 
Total Revenue$5,432 $2,347 $4,597 $730 $13,106 
(In millions)Reportable Segments
Nine Months Ended September 30, 2021AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$4,044 $1,152 $3,331 $26 $8,553 
Hardware, print and card production636 33 667 — 1,336 
Professional services30 350 195 — 575 
Software maintenance— 417 6 — 423 
License and termination fees33 133 43 — 209 
Output Solutions postage— — — 616 616 
Other36 166 55 — 257 
Total Revenue$4,779 $2,251 $4,297 $642 $11,969 
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers:
(In millions)September 30, 2022December 31, 2021
Contract assets$546 $541 
Contract liabilities761 810 
Contract assets, reported within other long-term assets in the consolidated balance sheets, primarily result from revenue being recognized where payment is contingent upon the transfer of services to a customer over the contractual period. Contract liabilities primarily relate to advance consideration received from customers (deferred revenue) for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $499 million of revenue during the nine months ended September 30, 2022 that was included in the contract liability balance at the beginning of the period.
Transaction Price Allocated to 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 were unsatisfied (or partially unsatisfied) at September 30, 2022:
(In millions)
Year Ending December 31,
Remainder of 2022$649 
20232,139 
20241,694 
20251,248 
Thereafter1,778 
The Company applies the optional exemption under ASC 606 and does not disclose information about remaining performance obligations for account- and transaction-based processing fees that qualify for recognition under the as-invoiced practical expedient. These multi-year contracts contain variable consideration for stand-ready performance obligations for which the exact quantity and mix of transactions to be processed are contingent upon the customer’s request. The Company also applies the optional exemptions under ASC 606 and does not disclose information for variable consideration that is a sales-based or usage-based royalty promised in exchange for a license of intellectual property or that is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service in a series. The amounts disclosed above as remaining performance obligations consist primarily of fixed or monthly minimum processing fees and maintenance fees under contracts with an original expected duration of greater than one year.