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

6 Months Ended

Jun. 30, 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)			June 30, 2025						December 31, 2024						June 30, 2024
Cash and cash equivalents on the consolidated balance sheets			$	999					$	1,236					$	1,195
Cash and cash equivalents included in settlement assets			1,956						1,756						1,606
Other restricted cash			14						1						1
Total cash and cash equivalents on the consolidated statements of cash flows			$	2,969					$	2,993					$	2,802

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, 2025						December 31, 2024						June 30, 2024
Cash and cash equivalents on the consolidated balance sheets			$	999					$	1,236					$	1,195
Cash and cash equivalents included in settlement assets			1,956						1,756						1,606
Other restricted cash			14						1						1
Total cash and cash equivalents on the consolidated statements of cash flows			$	2,969					$	2,993					$	2,802

Deferred costs, capitalized, prepaid, and other assets disclosure

Prepaid expenses and other current assets consisted of the following:

(In millions)						June 30, 2025						December 31, 2024
Prepaid maintenance, postage and insurance						$	314					$	216
Other prepaid expenses						300						188
Total prepaid expenses (1)						614						404
Income tax receivables (2)						240						501
Clover Capital and other merchant cash advances, net						477						381
Settlement advance cash payments						1,483						1,101
Other current assets						991						700
Total other current assets						3,191						2,683
Total prepaid expenses and other current assets						$	3,805					$	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 June 30,												Six Months Ended June 30,
(In millions)			2025						2024						2025						2024
Interest expense			$	(376)					$	(294)					$	(715)					$	(565)
Interest income			11						9						19						19
Interest expense, net			$	(365)					$	(285)					$	(696)					$	(546)

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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
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
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-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

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-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-SubTopic 10
-Topic 230
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