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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
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:
| December 31,
(In millions) | 2024 |  | 2023 |  | 2022
Cash and cash equivalents on the consolidated balance sheets | $ | 1,236 |  |  | $ | 1,204 |  |  | $ | 902 |
Cash and cash equivalents included in settlement assets (see Note 5) | 1,756 |  |  | 1,756 |  |  | 2,283 |
Other restricted cash | 1 |  |  | 3 |  |  | 7 |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 2,993 |  |  | $ | 2,963 |  |  | $ | 3,192 |
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:
| December 31,
(In millions) | 2024 |  | 2023 |  | 2022
Cash and cash equivalents on the consolidated balance sheets | $ | 1,236 |  |  | $ | 1,204 |  |  | $ | 902 |
Cash and cash equivalents included in settlement assets (see Note 5) | 1,756 |  |  | 1,756 |  |  | 2,283 |
Other restricted cash | 1 |  |  | 3 |  |  | 7 |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 2,993 |  |  | $ | 2,963 |  |  | $ | 3,192 |
Deferred costs, capitalized, prepaid, and other assets disclosure | Prepaid expenses and other current assets consisted of the following:
|  | December 31,
(In millions) |  | 2024 |  | 2023
Prepaid maintenance, postage and insurance |  | $ | 216 |  |  | $ | 187 |
Other prepaid expenses |  | 188 |  |  | 236 |
Total prepaid expenses (1) |  | 404 |  |  | 423 |
Income tax receivables (2) |  | 501 |  |  | 534 |
Clover Capital cash advances, net |  | 381 |  |  | 269 |
Settlement advance cash payments |  | 1,101 |  |  | 381 |
Other current assets |  | 700 |  |  | 737 |
Total other current assets |  | 2,683 |  |  | 1,921 |
Total prepaid expenses and other current assets |  | $ | 3,087 |  |  | $ | 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 17).
Schedule of property and equipment | Property and equipment consisted of the following:
|  |  | December 31,
(In millions) | Estimated Useful Lives |  | 2024 |  | 2023
Land | — |  | $ | 44 |  |  | $ | 48 |
Data processing equipment | 3 to 5 years |  | 3,789 |  |  | 3,630 |
Buildings and leasehold improvements | 5 to 40 years |  | 845 |  |  | 801 |
Furniture and equipment | 5 to 8 years |  | 394 |  |  | 365 |
|  |  | 5,072 |  |  | 4,844 |
Less: Accumulated depreciation |  |  | (2,698) |  |  | (2,683) |
Total |  |  | $ | 2,374 |  |  | $ | 2,161 |
Schedule of accounts payable and accrued expenses | Accounts payable and other current liabilities consisted of the following:
|  | December 31,
(In millions) |  | 2024 |  | 2023
Trade accounts payable |  | $ | 511 |  |  | $ | 449 |
Client deposits |  | 985 |  |  | 931 |
Transferable federal tax credits (see Note 17) |  | 866 |  |  | 804 |
Accrued compensation and benefits |  | 296 |  |  | 344 |
Accrued taxes |  | 261 |  |  | 203 |
Accrued interest |  | 335 |  |  | 298 |
Accrued payment network fees |  | 253 |  |  | 232 |
Operating lease liabilities |  | 116 |  |  | 118 |
Accrued professional fees |  | 102 |  |  | 96 |
Obligation to purchase redeemable noncontrolling interest (see Note 13) |  | 95 |  |  | — |
Other accrued expenses |  | 979 |  |  | 880 |
Total |  | $ | 4,799 |  |  | $ | 4,355 |
Schedule of interest expense, net | Interest expense, net consisted of the following:
| Year Ended December 31, |
(In millions) | 2024 |  | 2023 |  | 2022 |
Interest expense | $ | (1,238) |  |  | $ | (1,004) |  |  | $ | (746) |  |
Interest income | 43 |  |  | 28 |  |  | 13 |  |
Interest expense, net | $ | (1,195) |  |  | $ | (976) |  |  | $ | (733) |  |
Computation of shares used in calculating basic and diluted net income per share | The computation of shares used in calculating basic and diluted net income per share is as follows:
|  | Year Ended December 31,
(In millions) |  | 2024 |  | 2023 |  | 2022
Weighted-average common shares outstanding used for the calculation of net income attributable to Fiserv, Inc. per share – basic |  | 578.7 |  |  | 611.7 |  |  | 642.3 |
Common stock equivalents |  | 3.4 |  |  | 4.2 |  |  | 5.6 |
Weighted-average common shares outstanding used for the calculation of net income attributable to Fiserv, Inc. per share – diluted |  | 582.1 |  |  | 615.9 |  |  | 647.9 |
Schedule of supplemental cash flow information | Supplemental Cash Flow Information Supplemental cash flow information consisted of the following:
|  | Year Ended December 31,
(In millions) |  | 2024 |  | 2023 |  | 2022
Interest paid |  | $ | 1,153 |  |  | $ | 879 |  |  | $ | 703 |
Net income taxes paid |  | 1,169 |  |  | 1,219 |  |  | 709 |
Treasury stock purchases settled after the balance sheet date |  | — |  |  | 29 |  |  | 6 |
Software obtained under financing arrangements |  | 151 |  |  | 188 |  |  | 104 |

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