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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 17,737 $ 16,226 $ 14,852
Expenses:      
Selling, general and administrative 6,059 5,810 5,652
Net gain on sale of businesses and other assets (54) 0 (464)
Total expenses 13,997 13,938 13,000
Operating income 3,740 2,288 1,852
Interest expense, net (733) (693) (709)
Other (expense) income (94) 71 28
Income before income taxes and income from investments in unconsolidated affiliates 2,913 1,666 1,171
Income tax provision (551) (363) (196)
Income from investments in unconsolidated affiliates 220 100 0
Net income 2,582 1,403 975
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests 52 69 17
Net income attributable to Fiserv, Inc. $ 2,530 $ 1,334 $ 958
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 3.94 $ 2.01 $ 1.42
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 3.91 $ 1.99 $ 1.40
Shares used in computing net income attributable to Fiserv, Inc. per share:      
Basic (in shares) 642.3 662.6 672.1
Diluted (in shares) 647.9 671.6 683.4
Processing and services      
Revenue:      
Total revenue [1] $ 14,460 $ 13,307 $ 12,215
Expenses:      
Cost of goods and services sold 5,771 6,084 5,841
Product      
Revenue:      
Total revenue 3,277 2,919 2,637
Expenses:      
Cost of goods and services sold $ 2,221 $ 2,044 $ 1,971
[1] Includes processing and other fees charged to related party investments accounted for under the equity method of $201 million, $203 million and $236 million for the years ended December 31, 2022, 2021 and 2020, respectively (see Note 19).