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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 4,518 $ 4,163 $ 13,106 $ 11,969
Selling, general and administrative 1,547 1,476 4,560 4,289
Net gain on sale of business and other assets 120 0 (27) [1] 0 [1]
Total expenses 3,663 3,527 10,545 10,214
Operating income 855 636 2,561 1,755
Interest expense, net (190) (172) (534) (523)
Other (expense) income (13) 14 (83) 36
Income before income taxes and income (loss) from investments in unconsolidated affiliates 652 478 1,944 1,268
Income tax provision (147) (54) (382) (300)
Income (loss) from investments in unconsolidated affiliates (12) 22 222 [1] 80 [1]
Net income 493 446 1,784 [1] 1,048 [1]
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests 12 18 36 47
Net income attributable to Fiserv, Inc. $ 481 $ 428 $ 1,748 $ 1,001
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 0.75 $ 0.65 $ 2.71 $ 1.51
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 0.75 $ 0.64 $ 2.68 $ 1.49
Shares used in computing net income attributable to Fiserv, Inc. per share:        
Basic (in shares) 639.6 661.4 645.2 664.6
Diluted (in shares) 645.0 669.7 651.0 674.1
Processing and services        
Revenue [2] $ 3,678 $ 3,407 $ 10,738 $ 9,822
Cost of goods sold and services 1,443 1,530 4,381 4,425
Product        
Revenue 840 756 2,368 2,147
Cost of goods sold and services $ 553 $ 521 $ 1,631 $ 1,500
[1] The company revised, for comparable purposes with the current period’s presentation, the consolidated statement of cash flows presentation for the nine months ended September 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 $51 million and $46 million for the three months ended September 30, 2022 and 2021, respectively, and $151 million and $160 million for the nine months ended September 30, 2022 and 2021, respectively (see Note 18).