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Segment Information (Tables)
9 Months Ended
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.