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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 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) | September 30, 2025 |  | December 31, 2024 |  | September 30, 2024 |  |  |
Cash and cash equivalents on the consolidated balance sheets | $ | 1,068 |  |  | $ | 1,236 |  |  | $ | 1,228 |  |  |  |
Cash and cash equivalents included in settlement assets | 1,682 |  |  | 1,756 |  |  | 2,243 |  |  |  |
Restricted cash | 15 |  |  | 1 |  |  | 2 |  |  |  |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 2,765 |  |  | $ | 2,993 |  |  | $ | 3,473 |  |  |  |
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) | September 30, 2025 |  | December 31, 2024 |  | September 30, 2024 |  |  |
Cash and cash equivalents on the consolidated balance sheets | $ | 1,068 |  |  | $ | 1,236 |  |  | $ | 1,228 |  |  |  |
Cash and cash equivalents included in settlement assets | 1,682 |  |  | 1,756 |  |  | 2,243 |  |  |  |
Restricted cash | 15 |  |  | 1 |  |  | 2 |  |  |  |
Total cash and cash equivalents on the consolidated statements of cash flows | $ | 2,765 |  |  | $ | 2,993 |  |  | $ | 3,473 |  |  |  |
Deferred costs, capitalized, prepaid, and other assets disclosure | Prepaid expenses and other current assets consisted of the following:
(In millions) |  | September 30, 2025 |  | December 31, 2024
Prepaid maintenance, postage and insurance |  | $ | 302 |  |  | $ | 216 |
Other prepaid expenses |  | 258 |  |  | 188 |
Total prepaid expenses (1) |  | 560 |  |  | 404 |
Income tax receivables (2) |  | 278 |  |  | 501 |
Clover Capital and other merchant cash advances, net |  | 513 |  |  | 381 |
Settlement advance cash payments |  | 1,372 |  |  | 1,101 |
Other current assets |  | 874 |  |  | 700 |
Total other current assets |  | 3,037 |  |  | 2,683 |
Total prepaid expenses and other current assets |  | $ | 3,597 |  |  | $ | 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 September 30, |  | Nine Months Ended September 30,
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Interest expense | $ | (432) |  |  | $ | (339) |  |  | $ | (1,147) |  |  | $ | (904) |
Interest income | 10 |  |  | 13 |  |  | 29 |  |  | 32 |
Interest expense, net | $ | (422) |  |  | $ | (326) |  |  | $ | (1,118) |  |  | $ | (872) |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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