XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.24.2

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | The table below presents the Company’s revenue disaggregated by business line, including a reconciliation with its reportable segments. The Company’s disaggregation of revenue for the three and six months ended June 30, 2023 has been recast to reflect the Segment Realignment. The Company serves its global client base by working among its geographic teams across various regions, including the U.S. and Canada; Europe, Middle East and Africa (“EMEA”); Latin America (“LATAM”); and Asia Pacific (“APAC”). The majority of the Company’s revenue is earned domestically, with revenue generated within its EMEA, LATAM and APAC regions comprising approximately 15% of total revenue for both the three and six months ended June 30, 2024 and 14% of total revenue for both the three and six months ended June 30, 2023.
(In millions) |  | Three Months Ended June 30, |  | Six Months Ended June 30,
Revenue by Business Line |  | 2024 |  | 2023 |  | 2024 |  | 2023
Small Business |  | $ | 1,604 |  |  | $ | 1,424 |  |  | $ | 3,092 |  |  | $ | 2,709 |
Enterprise |  | 542 |  |  | 495 |  |  | 1,005 |  |  | 932 |
Processing |  | 264 |  |  | 287 |  |  | 566 |  |  | 561 |
Total Merchant segment revenue |  | $ | 2,410 |  |  | $ | 2,206 |  |  | $ | 4,663 |  |  | $ | 4,202 |
Digital Payments |  | $ | 987 |  |  | $ | 911 |  |  | $ | 1,907 |  |  | $ | 1,784 |
Issuing |  | 766 |  |  | 730 |  |  | 1,527 |  |  | 1,461 |
Banking |  | 626 |  |  | 604 |  |  | 1,230 |  |  | 1,223 |
Total Financial segment revenue |  | $ | 2,379 |  |  | $ | 2,245 |  |  | $ | 4,664 |  |  | $ | 4,468 |
Corporate and Other |  | $ | 318 |  |  | $ | 305 |  |  | $ | 663 |  |  | $ | 633 |
Total Revenue |  | $ | 5,107 |  |  | $ | 4,756 |  |  | $ | 9,990 |  |  | $ | 9,303 |
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, 2024 |  | December 31, 2023
Contract assets | $ | 828 |  |  | $ | 754 |
Contract liabilities | 1,043 |  |  | 1,011 |
Schedule of remaining performance obligations | The following table includes estimated processing and services revenue expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) at June 30, 2024:
(In millions) |
Year Ending December 31, |
Remainder of 2024 | $ | 1,233 |
2025 | 2,150 |
2026 | 1,596 |
2027 | 1,082 |
Thereafter | 1,184 |

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 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration