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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Restrictions on cash and cash equivalents

The following table provides a reconciliation between cash and cash equivalents on the consolidated balance sheets and the consolidated statements of cash flows:

(In millions)			June 30, 2024						December 31, 2023						June 30, 2023
Cash and cash equivalents on the consolidated balance sheets			$	1,195					$	1,204					$	1,082
Cash and cash equivalents included in settlement assets			1,606						1,756						1,768
Other restricted cash			1						3						6
Total cash and cash equivalents on the consolidated statements of cash flows			$	2,802					$	2,963					$	2,856

Schedule of cash and cash equivalents

The following table provides a reconciliation between cash and cash equivalents on the consolidated balance sheets and the consolidated statements of cash flows:

(In millions)			June 30, 2024						December 31, 2023						June 30, 2023
Cash and cash equivalents on the consolidated balance sheets			$	1,195					$	1,204					$	1,082
Cash and cash equivalents included in settlement assets			1,606						1,756						1,768
Other restricted cash			1						3						6
Total cash and cash equivalents on the consolidated statements of cash flows			$	2,802					$	2,963					$	2,856

Deferred costs, capitalized, prepaid, and other assets disclosure

Prepaid expenses and other current assets consisted of the following:

(In millions)						June 30, 2024						December 31, 2023
Prepaid maintenance, postage and insurance						$	260					$	187
Other prepaid expenses						276						236
Total prepaid expenses (1)						536						423
Income tax receivables (2)						749						534
Clover Capital cash advances, net						291						269
Settlement advance cash payments						1,002						381
Other current assets						685						737
Total other current assets						2,727						1,921
Total prepaid expenses and other current assets						$	3,263					$	2,344

(1)Prepaid expenses represent advance payments for goods and services to be consumed in the future.

(2)Includes receivables associated with transferable federal tax credits (see Note 15).

Schedule of interest expense, net

Interest expense, net consisted of the following:

			Three Months Ended June 30,												Six Months Ended June 30,
(In millions)			2024						2023						2024						2023
Interest expense			$	(294)					$	(237)					$	(565)					$	(447)
Interest income			9						5						19						13
Interest expense, net			$	(285)					$	(232)					$	(546)					$	(434)

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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-Name Accounting Standards Codification
-Section S99
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-Name Accounting Standards Codification
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-Paragraph 8
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-Topic 230
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