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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue $ 4,547 $ 4,138
Selling, general and administrative 1,604 1,467
Net loss (gain) on sale of businesses and other assets 4 (147)
Total expenses 3,613 3,292
Operating income 934 846
Interest expense, net (202) (168)
Other expense (20) (4)
Income before income taxes and (loss) income from investments in unconsolidated affiliates 712 674
Income tax provision (124) (98)
(Loss) income from investments in unconsolidated affiliates (12) 106
Net income 576 682
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests 13 13
Net income attributable to Fiserv, Inc. $ 563 $ 669
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 0.90 $ 1.03
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 0.89 $ 1.02
Shares used in computing net income attributable to Fiserv, Inc. per share:    
Basic (in shares) 626.9 650.8
Diluted (in shares) 631.3 657.2
Processing and services    
Revenue [1] $ 3,673 $ 3,364
Cost of goods sold and services 1,405 1,436
Product    
Revenue 874 774
Cost of goods sold and services $ 600 $ 536
[1] Includes processing and other fees charged to related party investments accounted for under the equity method of $46 million and $51 million for the three months ended March 31, 2023 and 2022, respectively (see Note 18).