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Revenue Recognition (Tables)

9 Months Ended

Sep. 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 15% and 14% of total revenue for the three months ended September 30, 2023 and 2022, respectively, and 14% of total revenue for each of the nine months ended September 30, 2023 and 2022.

(In millions)						Reportable Segments
Type of Revenue						Acceptance						Fintech						Payments						Corporate and Other						Total
Three Months Ended September 30, 2023
Processing						$	1,796					$	421					$	1,237					$	5					$	3,459
Hardware, print and card production						257						19						258						—						534
Professional services						6						119						76						—						201
Software maintenance						—						128						9						—						137
License and termination fees						10						46						72						—						128
Output Solutions postage						—						—						—						263						263
Other						37						62						52						—						151
Total Revenue						$	2,106					$	795					$	1,704					$	268					$	4,873
Three Months Ended September 30, 2022
Processing						$	1,586					$	407					$	1,218					$	6					$	3,217
Hardware, print and card production						254						9						271						—						534
Professional services						5						119						74						—						198
Software maintenance						—						138						7						—						145
License and termination fees						15						36						19						—						70
Output Solutions postage						—						—						—						251						251
Other						18						57						28						—						103
Total Revenue						$	1,878					$	766					$	1,617					$	257					$	4,518

(In millions)						Reportable Segments
Type of Revenue						Acceptance						Fintech						Payments						Corporate and Other						Total
Nine Months Ended September 30, 2023
Processing						$	5,122					$	1,251					$	3,637					$	18					$	10,028
Hardware, print and card production						744						42						814						—						1,600
Professional services						16						348						224						—						588
Software maintenance						—						403						28						—						431
License and termination fees						31						145						145						—						321
Output Solutions postage						—						—						—						791						791
Other						105						182						130						—						417
Total Revenue						$	6,018					$	2,371					$	4,978					$	809					$	14,176
Nine Months Ended September 30, 2022
Processing						$	4,649					$	1,210					$	3,486					$	18					$	9,363
Hardware, print and card production						694						28						744						—						1,466
Professional services						15						366						203						—						584
Software maintenance						—						415						18						—						433
License and termination fees						43						152						79						—						274
Output Solutions postage						—						—						—						712						712
Other						31						176						67						—						274
Total Revenue						$	5,432					$	2,347					$	4,597					$	730					$	13,106

Contract with customer, asset and liabilities

The following table provides information about contract assets and contract liabilities from contracts with customers:

(In millions)			September 30, 2023						December 31, 2022
Contract assets			$	602					$	551
Contract liabilities			852						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 September 30, 2023:

(In millions)
Year Ending December 31,
Remainder of 2023			$	603
2024			2,226
2025			1,744
2026			1,206
Thereafter			1,643

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
-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

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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
-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

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

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