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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2023
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 13% and 14% of total revenue during the three months ended March 31, 2023 and 2022, respectively.
(In millions) | Reportable Segments |  |  |  |
Three Months Ended March 31, 2023 | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing | $ | 1,554 |  |  | $ | 416 |  |  | $ | 1,187 |  |  | $ | 6 |  |  | $ | 3,163 |
Hardware, print and card production | 246 |  |  | 12 |  |  | 287 |  |  | — |  |  | 545 |
Professional services | 4 |  |  | 112 |  |  | 80 |  |  | — |  |  | 196 |
Software maintenance | — |  |  | 137 |  |  | 6 |  |  | — |  |  | 143 |
License and termination fees | 10 |  |  | 53 |  |  | 29 |  |  | — |  |  | 92 |
Output Solutions postage | — |  |  | — |  |  | — |  |  | 273 |  |  | 273 |
Other | 33 |  |  | 62 |  |  | 40 |  |  | — |  |  | 135 |
Total Revenue | $ | 1,847 |  |  | $ | 792 |  |  | $ | 1,629 |  |  | $ | 279 |  |  | $ | 4,547 |
(In millions) | Reportable Segments |  |  |  |
Three Months Ended March 31, 2022 | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Type of Revenue |  |  |  |  |  |  |  |  |
Processing | $ | 1,403 |  |  | $ | 405 |  |  | $ | 1,113 |  |  | $ | 6 |  |  | $ | 2,927 |
Hardware, print and card production | 225 |  |  | 9 |  |  | 236 |  |  | — |  |  | 470 |
Professional services | 5 |  |  | 116 |  |  | 62 |  |  | — |  |  | 183 |
Software maintenance | — |  |  | 138 |  |  | 6 |  |  | — |  |  | 144 |
License and termination fees | 14 |  |  | 48 |  |  | 26 |  |  | — |  |  | 88 |
Output Solutions postage | — |  |  | — |  |  | — |  |  | 239 |  |  | 239 |
Other | 6 |  |  | 62 |  |  | 19 |  |  | — |  |  | 87 |
Total Revenue | $ | 1,653 |  |  | $ | 778 |  |  | $ | 1,462 |  |  | $ | 245 |  |  | $ | 4,138 |
Contract with customer, asset and liabilities | The following table provides information about contract assets and contract liabilities from contracts with customers:
(In millions) | March 31, 2023 |  | December 31, 2022
Contract assets | $ | 595 |  |  | $ | 551 |
Contract liabilities | 965 |  |  | 860 |
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 March 31, 2023:
(In millions) |
Year Ending December 31, |
Remainder of 2023 | $ | 1,722 |
2024 | 1,955 |
2025 | 1,526 |
2026 | 970 |
Thereafter | 1,294 |

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- 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
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- 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
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- 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
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