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

3 Months Ended

Mar. 31, 2025

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)			March 31, 2025						December 31, 2024						March 31, 2024
Cash and cash equivalents on the consolidated balance sheets			$	1,177					$	1,236					$	1,214
Cash and cash equivalents included in settlement assets			2,190						1,756						1,975
Other restricted cash			2						1						2
Total cash and cash equivalents on the consolidated statements of cash flows			$	3,369					$	2,993					$	3,191

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)			March 31, 2025						December 31, 2024						March 31, 2024
Cash and cash equivalents on the consolidated balance sheets			$	1,177					$	1,236					$	1,214
Cash and cash equivalents included in settlement assets			2,190						1,756						1,975
Other restricted cash			2						1						2
Total cash and cash equivalents on the consolidated statements of cash flows			$	3,369					$	2,993					$	3,191

Deferred costs, capitalized, prepaid, and other assets disclosure

Prepaid expenses and other current assets consisted of the following:

(In millions)						March 31, 2025						December 31, 2024
Prepaid maintenance, postage and insurance						$	321					$	216
Other prepaid expenses						245						188
Total prepaid expenses (1)						566						404
Income tax receivables (2)						393						501
Clover Capital cash advances, net						396						381
Settlement advance cash payments						1,302						1,101
Other current assets						989						700
Total other current assets						3,080						2,683
Total prepaid expenses and other current assets						$	3,646					$	3,087

(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 March 31,
(In millions)															2025						2024
Interest expense															$	(339)					$	(271)
Interest income															8						10
Interest expense, net															$	(331)					$	(261)

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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))
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-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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-Section S99
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