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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of segment reporting information | Operating results for each reportable segment were as follows:
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Year Ended December 31, 2024 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 8,557 |  |  | $ | 8,065 |  |  |
Product revenue | 1,074 |  |  | 1,412 |  |  |
Reportable segment revenue | $ | 9,631 |  |  | $ | 9,477 |  |  | $ | 19,108 |
Corporate and Other revenue (1) |  |  |  |  | 1,348 |
Total Company revenue |  |  |  |  | $ | 20,456 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 1,298 |  |  | 1,949 |  |  |
Direct costs (3) | 3,164 |  |  | 748 |  |  |
Depreciation and amortization expense | 367 |  |  | 465 |  |  |
Other operating expense (4) | 592 |  |  | 367 |  |  |
Allocations from Corporate and Other (5) | 649 |  |  | 1,463 |  |  |
Reportable segment operating income | $ | 3,561 |  |  | $ | 4,485 |  |  | $ | 8,046 |
Corporate and Other operating loss (6) |  |  |  |  | (2,167) |
Interest expense, net |  |  |  |  | (1,195) |
Other expense, net (7) |  |  |  |  | (178) |
Income before income taxes and (loss) income from investments in unconsolidated affiliates |  |  |  |  | $ | 4,506 |
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Year Ended December 31, 2023 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 7,637 |  |  | $ | 7,970 |  |  |
Product revenue | 1,085 |  |  | 1,131 |  |  |
Reportable segment revenue | $ | 8,722 |  |  | $ | 9,101 |  |  | $ | 17,823 |
Corporate and Other revenue (1) |  |  |  |  | 1,270 |
Total Company revenue |  |  |  |  | $ | 19,093 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 1,321 |  |  | 2,010 |  |  |
Direct costs (3) | 2,906 |  |  | 780 |  |  |
Depreciation and amortization expense | 328 |  |  | 404 |  |  |
Other operating expense (4) | 564 |  |  | 315 |  |  |
Allocations from Corporate and Other (5) | 629 |  |  | 1,414 |  |  |
Reportable segment operating income | $ | 2,974 |  |  | $ | 4,178 |  |  | $ | 7,152 |
Corporate and Other operating loss (6) |  |  |  |  | (2,138) |
Interest expense, net |  |  |  |  | (976) |
Other expense, net (7) |  |  |  |  | (140) |
Income before income taxes and (loss) income from investments in unconsolidated affiliates |  |  |  |  | $ | 3,898 |
Year Ended December 31, 2022 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 6,815 |  |  | $ | 7,621 |  |  |
Product revenue | 1,068 |  |  | 1,060 |  |  |
Reportable segment revenue | $ | 7,883 |  |  | $ | 8,681 |  |  | $ | 16,564 |
Corporate and Other revenue (1) |  |  |  |  | 1,173 |
Total Company revenue |  |  |  |  | $ | 17,737 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 1,278 |  |  | 2,051 |  |  |
Direct costs (3) | 2,637 |  |  | 712 |  |  |
Depreciation and amortization expense | 271 |  |  | 346 |  |  |
Other operating expense (4) | 647 |  |  | 432 |  |  |
Allocations from Corporate and Other (5) | 609 |  |  | 1,334 |  |  |
Reportable segment operating income | $ | 2,441 |  |  | $ | 3,806 |  |  | $ | 6,247 |
Corporate and Other operating loss (6) |  |  |  |  | (2,507) |
Interest expense, net |  |  |  |  | (733) |
Other expense, net (7) |  |  |  |  | (94) |
Income before income taxes and (loss) income from investments in unconsolidated affiliates |  |  |  |  | $ | 2,913 |
(1)Primarily includes postage reimbursements. (2)Includes compensation and benefit costs of Company employees, as well as expenses paid to third parties for consulting and temporary help, net of capitalized software costs. (3)Includes cost of goods sold, payments to distribution partners and other reselling costs. (4)Includes data processing, facility, and marketing costs that are directly charged to the reportable segments. (5)Represents centrally-managed costs, including sales, technology and administrative expenses, that are allocated to the reportable segments from Corporate and Other and are considered in the CODM’s evaluation of segment performance. (6)Includes amortization of acquisition-related intangible assets; costs associated with acquisition and divestiture activity; unallocated corporate expenses; and gains or losses on sales of businesses. (7)Includes foreign currency transaction gains and losses, gains or losses from a sale or change in fair value of investments in certain equity securities, amounts related to debt guarantee arrangements of certain equity method investments, and non-cash pension plan settlement charges. Other significant items include:
| Year Ended December 31,
(In millions) | 2024 |  | 2023 |  | 2022
Depreciation and amortization: |  |  |  |  |
Merchant (1) | $ | 429 |  |  | $ | 366 |  |  | $ | 297 |
Financial (1) | 628 |  |  | 560 |  | 495
Corporate and Other (2) | 2,081 |  |  | 2,236 |  |  | 2,420 |
Total Company | $ | 3,138 |  |  | $ | 3,162 |  |  | $ | 3,212 |
Capital expenditures, including capitalized software and other intangibles: |  |  |  |  |
Merchant | $ | 552 |  |  | $ | 498 |  |  | $ | 500 |
Financial | 614 |  |  | 525 |  | 509
Corporate and Other | 403 |  |  | 365 |  | 470
Total Company | $ | 1,569 |  |  | $ | 1,388 |  |  | $ | 1,479 |
(1)Includes amortization associated with commissions, residual buyouts and deferred conversion costs included within personnel expenses, direct costs and other operating expenses, respectively, in the segment operating results tables above. (2)Primarily includes amortization of acquisition-related intangible assets, such as customer relationships, software/technology and trade names.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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