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Segment Information (Tables) | 9 Months Ended
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Sep. 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 September 30, 2017 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Processing and services revenues | $ | 1,120 |  |  | $ | 997 |  |  | $ | 81 |  |  | $ | 2,198 |
Operating expenses | 744 |  |  | 703 |  |  | 363 |  |  | 1,810 |
Depreciation and amortization from continuing operations | 82 |  |  | 65 |  |  | 16 |  |  | 163 |
Purchase accounting amortization | — |  |  | — |  |  | 185 |  |  | 185 |
EBITDA | 458 |  |  | 359 |  |  | (81 | ) |  | 736 |
Acquisition deferred revenue adjustment | — |  |  | — |  |  | 2 |  |  | 2 |
Acquisition, integration and severance costs | — |  |  | — |  |  | 22 |  |  | 22 |
Adjusted EBITDA | $ | 458 |  |  | $ | 359 |  |  | $ | (57 | ) |  | 760 |
EBITDA |  |  |  |  |  |  | $ | 736 |
Interest expense |  |  |  |  |  |  | 84 |
Depreciation and amortization from continuing operations |  |  |  |  |  |  | 163 |
Purchase accounting amortization |  |  |  |  |  |  | 185 |
Other income (expense) unallocated |  |  |  |  |  |  |  |  |  | (182 | )
Provision for income taxes |  |  |  |  |  |  | 51 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 10 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 61 |
Capital expenditures (1) | $ | 82 |  |  | $ | 66 |  |  | $ | 4 |  |  | $ | 152 |
Total assets (2) | $ | 10,273 |  |  | $ | 8,386 |  |  | $ | 5,635 |  |  | $ | 24,294 |
Goodwill | $ | 7,662 |  |  | $ | 5,867 |  |  | $ | 170 |  |  | $ | 13,699 |
(1) | Capital expenditures for the three months ended September 30, 2017 include $1 million of capital leases.
As of and for the three months ended September 30, 2016 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Processing and services revenues | $ | 1,114 |  |  | $ | 1,068 |  |  | $ | 127 |  |  | $ | 2,309 |
Operating expenses | 731 |  |  | 789 |  |  | 391 |  |  | 1,911 |
Depreciation and amortization from continuing operations | 70 |  |  | 64 |  |  | 14 |  |  | 148 |
Purchase accounting amortization | — |  |  | — |  |  | 144 |  |  | 144 |
EBITDA | 453 |  |  | 343 |  |  | (106 | ) |  | 690 |
Acquisition deferred revenue adjustment | — |  |  | — |  |  | 37 |  |  | 37 |
Acquisition, integration and severance costs | — |  |  | — |  |  | 39 |  |  | 39 |
Adjusted EBITDA | $ | 453 |  |  | $ | 343 |  |  | $ | (30 | ) |  | $ | 766 |
EBITDA |  |  |  |  |  |  | $ | 690 |
Interest expense |  |  |  |  |  |  | 98 |
Depreciation and amortization from continuing operations |  |  |  |  |  |  | 148 |
Purchase accounting amortization |  |  |  |  |  |  | 144 |
Other income (expense) unallocated |  |  |  |  |  |  | (6 | )
Provision for income taxes |  |  |  |  |  |  | 103 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 6 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 185 |
Capital expenditures (1) | $ | 82 |  |  | $ | 79 |  |  | $ | 8 |  |  | $ | 169 |
Total assets (2) | $ | 10,179 |  |  | $ | 9,131 |  |  | $ | 6,820 |  |  | $ | 26,130 |
Goodwill | $ | 7,670 |  |  | $ | 6,443 |  |  | $ | 456 |  |  | $ | 14,569 |
(1) | Capital expenditures for the three months ended September 30, 2016 include $16 million of capital leases.
(2) | Total assets as of September 30, 2016 exclude $4 million related to discontinued operations.
For the nine months ended September 30, 2017 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Processing and services revenues | $ | 3,430 |  |  | $ | 3,092 |  |  | $ | 272 |  |  | $ | 6,794 |
Operating expenses | 2,298 |  |  | 2,317 |  |  | 1,172 |  |  | 5,787 |
Depreciation and amortization from continuing operations | 237 |  |  | 198 |  |  | 47 |  |  | 482 |
Purchase accounting amortization | — |  |  | — |  |  | 551 |  |  | 551 |
EBITDA | 1,369 |  |  | 973 |  |  | (302 | ) |  | 2,040 |
Acquisition deferred revenue adjustment | — |  |  | — |  |  | 6 |  |  | 6 |
Acquisition, integration and severance costs | — |  |  | — |  |  | 141 |  |  | 141 |
Adjusted EBITDA | $ | 1,369 |  |  | $ | 973 |  |  | $ | (155 | ) |  | 2,187 |
EBITDA |  |  |  |  |  |  | $ | 2,040 |
Interest expense |  |  |  |  |  |  | 267 |
Depreciation and amortization from continuing operations |  |  |  |  |  |  | 482 |
Purchase accounting amortization |  |  |  |  |  |  | 551 |
Other income (expense) unallocated |  |  |  |  |  |  |  |  |  | (123 | )
Provision for income taxes |  |  |  |  |  |  | 262 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 24 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 331 |
Capital expenditures (1) | $ | 289 |  |  | $ | 224 |  |  | $ | 15 |  |  | $ | 528 |
(1) | Capital expenditures for the nine months ended September 30, 2017 include $80 million of capital leases.
For the nine months ended September 30, 2016 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Processing and services revenues | $ | 3,379 |  |  | $ | 3,106 |  |  | $ | 310 |  |  | $ | 6,795 |
Operating expenses | 2,256 |  |  | 2,415 |  |  | 1,259 |  |  | 5,930 |
Depreciation and amortization from continuing operations | 201 |  |  | 183 |  |  | 47 |  |  | 431 |
Purchase accounting amortization | 1 |  |  | 6 |  |  | 438 |  |  | 445 |
EBITDA | 1,325 |  |  | 880 |  |  | (464 | ) |  | 1,741 |
Acquisition deferred revenue adjustment | — |  |  | — |  |  | 177 |  |  | 177 |
Acquisition, integration and severance costs | — |  |  | — |  |  | 181 |  |  | 181 |
Adjusted EBITDA | $ | 1,325 |  |  | $ | 880 |  |  | $ | (106 | ) |  | $ | 2,099 |
EBITDA |  |  |  |  |  |  | $ | 1,741 |
Interest expense |  |  |  |  |  |  | 284 |
Depreciation and amortization from continuing operations |  |  |  |  |  |  | 431 |
Purchase accounting amortization |  |  |  |  |  |  | 445 |
Other income (expense) unallocated |  |  |  |  |  |  | (8 | )
Provision for income taxes |  |  |  |  |  |  | 200 |
Net earnings from discontinued operations |  |  |  |  |  |  | 1 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 13 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 361 |
Capital expenditures (1) | $ | 212 |  |  | $ | 221 |  |  | $ | 31 |  |  | $ | 464 |
(1) | Capital expenditures for the nine months ended September 30, 2016 include $18 million of capital leases.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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