XML 53 R34.htm IDEA: XBRL DOCUMENT
v3.22.4

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | 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%, 14% and 13% of total revenue for the years ended December 31, 2022, 2021 and 2020, respectively.
(In millions) | Reportable Segments |  |  |  |
Year Ended December 31, 2022 | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing | $ | 6,226 |  |  | $ | 1,608 |  |  | $ | 4,709 |  |  | $ | 22 |  |  | $ | 12,565 |
Hardware, print and card production | 918 |  |  | 42 |  |  | 1,036 |  |  | — |  |  | 1,996 |
Professional services | 21 |  |  | 484 |  |  | 278 |  |  | — |  |  | 783 |
Software maintenance | — |  |  | 553 |  |  | 24 |  |  | — |  |  | 577 |
License and termination fees | 69 |  |  | 252 |  |  | 114 |  |  | — |  |  | 435 |
Output Solutions postage | — |  |  | — |  |  | — |  |  | 989 |  |  | 989 |
Other | 58 |  |  | 231 |  |  | 101 |  |  | 2 |  |  | 392 |
Total Revenue | $ | 7,292 |  |  | $ | 3,170 |  |  | $ | 6,262 |  |  | $ | 1,013 |  |  | $ | 17,737 |
(In millions) | Reportable Segments |  |  |  |
Year Ended December 31, 2021 | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing | $ | 5,511 |  |  | $ | 1,544 |  |  | $ | 4,497 |  |  | $ | 32 |  |  | $ | 11,584 |
Hardware, print and card production | 830 |  |  | 44 |  |  | 913 |  |  | — |  |  | 1,787 |
Professional services | 43 |  |  | 471 |  |  | 265 |  |  | — |  |  | 779 |
Software maintenance | — |  |  | 557 |  |  | 11 |  |  | — |  |  | 568 |
License and termination fees | 47 |  |  | 186 |  |  | 65 |  |  | — |  |  | 298 |
Output Solutions postage | — |  |  | — |  |  | — |  |  | 860 |  |  | 860 |
Other | 48 |  |  | 220 |  |  | 82 |  |  | — |  |  | 350 |
Total Revenue | $ | 6,479 |  |  | $ | 3,022 |  |  | $ | 5,833 |  |  | $ | 892 |  |  | $ | 16,226 |
(In millions) | Reportable Segments |  |  |  |
Year Ended December 31, 2020 | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing | $ | 4,696 |  |  | $ | 1,426 |  |  | $ | 4,348 |  |  | $ | 58 |  |  | $ | 10,528 |
Hardware, print and card production | 714 |  |  | 51 |  |  | 771 |  |  | — |  |  | 1,536 |
Professional services | 29 |  |  | 465 |  |  | 233 |  |  | 1 |  |  | 728 |
Software maintenance | — |  |  | 563 |  |  | 3 |  |  | 2 |  |  | 568 |
License and termination fees | 28 |  |  | 189 |  |  | 68 |  |  | — |  |  | 285 |
Output Solutions postage | — |  |  | — |  |  | — |  |  | 864 |  |  | 864 |
Other | 55 |  |  | 207 |  |  | 81 |  |  | — |  |  | 343 |
Total Revenue | $ | 5,522 |  |  | $ | 2,901 |  |  | $ | 5,504 |  |  | $ | 925 |  |  | $ | 14,852 |
Contract with customer, asset and liabilities | The following table provides information about contract assets and contract liabilities from contracts with customers at December 31:
(In millions) | 2022 |  | 2021 |  | 2020
Contract assets | $ | 551 |  |  | $ | 541 |  |  | $ | 433 |
Contract liabilities | 860 |  |  | 810 |  |  | 733 |
Schedule of 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 December 31, 2022:
(In millions) |
Year Ending December 31, |
2023 | $ | 2,276 |
2024 | 1,828 |
2025 | 1,393 |
2026 | 835 |
Thereafter | 1,074 |
Capitalized sales commissions and conversion or implementation costs | Capitalized sales commissions and conversion or implementation costs were as follows at December 31:
(In millions) |  | 2022 |  | 2021
Capitalized sales commissions |  | $ | 485 |  |  | $ | 437 |
Capitalized conversion or implementation costs |  | 420 |  |  | 374 |

X
- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 340 -SubTopic 40 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126905575&loc=SL49131252-203054 + Details
Name: | us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration