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v3.23.2

Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 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 14% of total revenue for each of the three and six months ended June 30, 2023 and 2022.
(In millions) |  | Reportable Segments |  |  |  |
Type of Revenue |  | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |
Processing |  | $ | 1,772 |  |  | $ | 414 |  |  | $ | 1,213 |  |  | $ | 7 |  |  | $ | 3,406 |
Hardware, print and card production |  | 241 |  |  | 11 |  |  | 269 |  |  | — |  |  | 521 |
Professional services |  | 6 |  |  | 117 |  |  | 68 |  |  | — |  |  | 191 |
Software maintenance |  | — |  |  | 138 |  |  | 13 |  |  | — |  |  | 151 |
License and termination fees |  | 11 |  |  | 46 |  |  | 44 |  |  | — |  |  | 101 |
Output Solutions postage |  | — |  |  | — |  |  | — |  |  | 255 |  |  | 255 |
Other |  | 35 |  |  | 58 |  |  | 38 |  |  | — |  |  | 131 |
Total Revenue |  | $ | 2,065 |  |  | $ | 784 |  |  | $ | 1,645 |  |  | $ | 262 |  |  | $ | 4,756 |
Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |
Processing |  | $ | 1,660 |  |  | $ | 398 |  |  | $ | 1,155 |  |  | $ | 6 |  |  | $ | 3,219 |
Hardware, print and card production |  | 215 |  |  | 10 |  |  | 237 |  |  | — |  |  | 462 |
Professional services |  | 5 |  |  | 131 |  |  | 67 |  |  | — |  |  | 203 |
Software maintenance |  | — |  |  | 139 |  |  | 5 |  |  | — |  |  | 144 |
License and termination fees |  | 14 |  |  | 68 |  |  | 34 |  |  | — |  |  | 116 |
Output Solutions postage |  | — |  |  | — |  |  | — |  |  | 222 |  |  | 222 |
Other |  | 7 |  |  | 57 |  |  | 20 |  |  | — |  |  | 84 |
Total Revenue |  | $ | 1,901 |  |  | $ | 803 |  |  | $ | 1,518 |  |  | $ | 228 |  |  | $ | 4,450 |
(In millions) |  | Reportable Segments |  |  |  |
Type of Revenue |  | Acceptance |  | Fintech |  | Payments |  | Corporate and Other |  | Total
Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |
Processing |  | $ | 3,326 |  |  | $ | 830 |  |  | $ | 2,400 |  |  | $ | 13 |  |  | $ | 6,569 |
Hardware, print and card production |  | 487 |  |  | 23 |  |  | 556 |  |  | — |  |  | 1,066 |
Professional services |  | 10 |  |  | 229 |  |  | 148 |  |  | — |  |  | 387 |
Software maintenance |  | — |  |  | 275 |  |  | 19 |  |  | — |  |  | 294 |
License and termination fees |  | 21 |  |  | 99 |  |  | 73 |  |  | — |  |  | 193 |
Output Solutions postage |  | — |  |  | — |  |  | — |  |  | 528 |  |  | 528 |
Other |  | 68 |  |  | 120 |  |  | 78 |  |  | — |  |  | 266 |
Total Revenue |  | $ | 3,912 |  |  | $ | 1,576 |  |  | $ | 3,274 |  |  | $ | 541 |  |  | $ | 9,303 |
Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |
Processing |  | $ | 3,063 |  |  | $ | 803 |  |  | $ | 2,268 |  |  | $ | 12 |  |  | $ | 6,146 |
Hardware, print and card production |  | 440 |  |  | 19 |  |  | 473 |  |  | — |  |  | 932 |
Professional services |  | 10 |  |  | 247 |  |  | 129 |  |  | — |  |  | 386 |
Software maintenance |  | — |  |  | 277 |  |  | 11 |  |  | — |  |  | 288 |
License and termination fees |  | 28 |  |  | 116 |  |  | 60 |  |  | — |  |  | 204 |
Output Solutions postage |  | — |  |  | — |  |  | — |  |  | 461 |  |  | 461 |
Other |  | 13 |  |  | 119 |  |  | 39 |  |  | — |  |  | 171 |
Total Revenue |  | $ | 3,554 |  |  | $ | 1,581 |  |  | $ | 2,980 |  |  | $ | 473 |  |  | $ | 8,588 |
Contract with customer, asset and liabilities | The following table provides information about contract assets and contract liabilities from contracts with customers:
(In millions) | June 30, 2023 |  | December 31, 2022
Contract assets | $ | 593 |  |  | $ | 551 |
Contract liabilities | 918 |  |  | 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 June 30, 2023:
(In millions) |
Year Ending December 31, |
Remainder of 2023 | $ | 1,170 |
2024 | 2,104 |
2025 | 1,664 |
2026 | 1,106 |
Thereafter | 1,500 |

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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