XML 52 R33.htm IDEA: XBRL DOCUMENT
v3.22.4

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
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) | 2022 |  | 2021 |  | 2020 |
Cash and cash equivalents on the consolidated balance sheets | $ | 902 |  |  | $ | 835 |  |  | $ | 906 |  |
Cash and cash equivalents included in settlement assets (see Note 5) | 2,283 |  |  | 2,361 |  |  | 1,650 |  |
Other restricted cash | 7 |  |  | 9 |  |  | 13 |  |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 3,192 |  |  | $ | 3,205 |  |  | $ | 2,569 |  |
Schedule of property and equipment | Property and equipment consisted of the following at December 31:
(In millions) | Estimated Useful Lives |  | 2022 |  | 2021
Land | — |  | $ | 47 |  |  | $ | 48 |
Data processing equipment | 3 to 5 years |  | 3,025 |  |  | 2,302 |
Buildings and leasehold improvements | 5 to 40 years |  | 724 |  |  | 512 |
Furniture and equipment | 5 to 8 years |  | 370 |  |  | 372 |
|  |  | 4,166 |  |  | 3,234 |
Less: Accumulated depreciation |  |  | (2,208) |  |  | (1,492) |
Total |  |  | $ | 1,958 |  |  | $ | 1,742 |
Schedule of accounts payable and accrued expenses | Accounts payable and accrued expenses consisted of the following at December 31:
(In millions) |  | 2022 |  | 2021
Trade accounts payable |  | $ | 652 |  |  | $ | 593 |
Client deposits |  | 871 |  |  | 783 |
Accrued compensation and benefits |  | 279 |  |  | 392 |
Accrued taxes |  | 432 |  |  | 154 |
Accrued interest |  | 216 |  |  | 216 |
Other accrued expenses |  | 1,433 |  |  | 1,412 |
Total |  | $ | 3,883 |  |  | $ | 3,550 |
Schedule of interest expense, net | Interest expense, net consisted of the following for the years ended December 31:
(In millions) | 2022 |  | 2021 |  | 2020 |
Interest expense | $ | (746) |  |  | $ | (696) |  |  | $ | (716) |  |
Interest income | 13 |  |  | 3 |  |  | 7 |  |
Interest expense, net | $ | (733) |  |  | $ | (693) |  |  | $ | (709) |  |
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) |  | 2022 |  | 2021 |  | 2020
Weighted-average common shares outstanding used for the calculation of net income attributable to Fiserv, Inc. per share – basic |  | 642.3 |  |  | 662.6 |  |  | 672.1 |
Common stock equivalents |  | 5.6 |  |  | 9.0 |  |  | 11.3 |
Weighted-average common shares outstanding used for the calculation of net income attributable to Fiserv, Inc. per share – diluted |  | 647.9 |  |  | 671.6 |  |  | 683.4 |
Schedule of supplemental cash flow information | Supplemental Cash Flow Information
(In millions) |  |  |  |  |  |
Year Ended December 31, |  | 2022 |  | 2021 |  | 2020
Interest paid |  | $ | 703 |  |  | $ | 648 |  |  | $ | 673 |
Income taxes paid |  | 709 |  |  | 666 |  |  | 156 |
Treasury stock purchases settled after the balance sheet date |  | 6 |  |  | — |  |  | — |
Distribution of nonmonetary assets (see Note 4) |  | — |  |  | — |  |  | 726 |
Software obtained under financing arrangements |  | 104 |  |  | 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) | 2022 |  | 2021 |  | 2020 |
Cash and cash equivalents on the consolidated balance sheets | $ | 902 |  |  | $ | 835 |  |  | $ | 906 |  |
Cash and cash equivalents included in settlement assets (see Note 5) | 2,283 |  |  | 2,361 |  |  | 1,650 |  |
Other restricted cash | 7 |  |  | 9 |  |  | 13 |  |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 3,192 |  |  | $ | 3,205 |  |  | $ | 2,569 |  |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126999549&loc=SL98516268-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration