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Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information
Summarized financial information for the Company’s segments is shown in the following tables.

As of and for the three months ended June 30, 2017 (in millions):

 
IFS
 
GFS
 
Corporate
and Other
 
Total
Processing and services revenues
$
1,181

 
$
1,076

 
$
84

 
$
2,341

Operating expenses
792

 
812

 
378

 
1,982

Depreciation and amortization from continuing operations
80

 
67

 
16

 
163

Purchase accounting amortization

 

 
183

 
183

EBITDA
469

 
331

 
(95
)
 
705

Acquisition deferred revenue adjustment

 

 
2

 
2

Acquisition, integration and severance costs

 

 
39

 
39

Adjusted EBITDA
$
469

 
$
331

 
$
(54
)
 
746

 
 
 
 
 
 
 
 
EBITDA
 
 
 
 
 
 
$
705

Interest expense
 
 
 
 
 
 
91

Depreciation and amortization from continuing operations
 
 
 
 
 
 
163

Purchase accounting amortization
 
 
 
 
 
 
183

Other income (expense) unallocated
 

 
 

 
 

 
4

Provision for income taxes
 
 
 
 
 
 
132

Net earnings attributable to noncontrolling interest
 
 
 
 
 
 
8

Net earnings attributable to FIS common stockholders
 
 
 
 
 
 
$
132

Capital expenditures (1)
$
81

 
$
64

 
$
2

 
$
147

Total assets (2)
$
10,217

 
$
9,172

 
$
5,581

 
$
24,970

Goodwill
$
7,662

 
$
5,813

 
$
170

 
$
13,645


(1)
Capital expenditures for the three months ended June 30, 2017 include $5 million of capital leases.

As of and for the three months ended June 30, 2016 (in millions):

 
IFS
 
GFS
 
Corporate
and Other
 
Total
Processing and services revenues
$
1,152

 
$
1,048

 
$
105

 
$
2,305

Operating expenses
771

 
822

 
429

 
2,022

Depreciation and amortization from continuing operations
66

 
61

 
17

 
144

Purchase accounting amortization

 

 
147

 
147

EBITDA
447

 
287

 
(160
)
 
574

Acquisition deferred revenue adjustment

 

 
59

 
59

Acquisition, integration and severance costs

 

 
63

 
63

Adjusted EBITDA
$
447

 
$
287

 
$
(38
)
 
$
696

 
 
 
 
 
 
 
 
EBITDA
 
 
 
 
 
 
$
574

Interest expense
 
 
 
 
 
 
93

Depreciation and amortization from continuing operations
 
 
 
 
 
 
144

Purchase accounting amortization
 
 
 
 
 
 
147

Other income (expense) unallocated
 
 
 
 
 
 
(1
)
Provision for income taxes
 
 
 
 
 
 
66

Net earnings from discontinued operations
 
 
 
 
 
 
1

Net earnings attributable to noncontrolling interest
 
 
 
 
 
 
3

Net earnings attributable to FIS common stockholders
 
 
 
 
 
 
$
121

Capital expenditures (1)
$
70

 
$
67

 
$
12

 
$
149

Total assets (2)
$
10,179

 
$
9,136

 
$
7,065

 
$
26,380

Goodwill
$
7,670

 
$
6,440

 
$
455

 
$
14,565


 
(1)
Capital expenditures for the three months ended June 30, 2016 include $1 million of capital leases.
(2)
Total assets as of June 30, 2016 exclude $4 million related to discontinued operations.

For the six months ended June 30, 2017 (in millions):

 
IFS
 
GFS
 
Corporate
and Other
 
Total
Processing and services revenues
$
2,310

 
$
2,095

 
$
191

 
$
4,596

Operating expenses
1,555

 
1,613

 
810

 
3,978

Depreciation and amortization from continuing operations
156

 
132

 
32

 
320

Purchase accounting amortization

 

 
366

 
366

EBITDA
911

 
614

 
(221
)
 
1,304

Acquisition deferred revenue adjustment

 

 
5

 
5

Acquisition, integration and severance costs

 

 
119

 
119

Adjusted EBITDA
$
911

 
$
614

 
$
(97
)
 
1,428

 
 
 
 
 
 
 
 
EBITDA
 
 
 
 
 
 
$
1,304

Interest expense
 
 
 
 
 
 
183

Depreciation and amortization from continuing operations
 
 
 
 
 
 
320

Purchase accounting amortization
 
 
 
 
 
 
366

Other income (expense) unallocated
 

 
 

 
 

 
60

Provision for income taxes
 
 
 
 
 
 
211

Net earnings attributable to noncontrolling interest
 
 
 
 
 
 
14

Net earnings attributable to FIS common stockholders
 
 
 
 
 
 
$
270

Capital expenditures (1)
$
207

 
$
158

 
$
11

 
$
376


(1)
Capital expenditures for the six months ended June 30, 2017 include $79 million of capital leases.

For the six months ended June 30, 2016 (in millions):

 
IFS
 
GFS
 
Corporate
and Other
 
Total
Processing and services revenues
$
2,264

 
$
2,038

 
$
184

 
$
4,486

Operating expenses
1,525

 
1,626

 
868

 
4,019

Depreciation and amortization from continuing operations
131

 
120

 
32

 
283

Purchase accounting amortization
1

 
6

 
294

 
301

EBITDA
871

 
538

 
(358
)
 
1,051

Acquisition deferred revenue adjustment

 

 
140

 
140

Acquisition, integration and severance costs

 

 
142

 
142

Adjusted EBITDA
$
871

 
$
538

 
$
(76
)
 
$
1,333

 
 
 
 
 
 
 
 
EBITDA
 
 
 
 
 
 
$
1,051

Interest expense
 
 
 
 
 
 
186

Depreciation and amortization from continuing operations
 
 
 
 
 
 
283

Purchase accounting amortization
 
 
 
 
 
 
301

Other income (expense) unallocated
 
 
 
 
 
 
(2
)
Provision for income taxes
 
 
 
 
 
 
97

Net earnings from discontinued operations
 
 
 
 
 
 
1

Net earnings attributable to noncontrolling interest
 
 
 
 
 
 
7

Net earnings attributable to FIS common stockholders
 
 
 
 
 
 
$
176

Capital expenditures (1)
$
130

 
$
142

 
$
23

 
$
295

 
(1)
Capital expenditures for the six months ended June 30, 2016 include $2 million of capital leases.