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Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018 (in millions):

	IFS				GFS				Corporate and Other				Total
Revenues	$	1,124			$	899			$	83			$	2,106
Operating expenses	719				655				379				1,753
Depreciation and amortization	87				70				12				169
Purchase accounting amortization	—				—				185				185
EBITDA	492				314				(99		)		707
Acquisition deferred revenue adjustment	—				—				1				1
Acquisition, integration and severance costs	—				—				49				49
Adjusted EBITDA	$	492			$	314			$	(49	)		757
EBITDA													$	707
Interest expense, net													73
Depreciation and amortization													169
Purchase accounting amortization													185
Other income (expense) unallocated													(11		)
Provision (benefit) for income taxes													51
Net (earnings) loss attributable to noncontrolling interest													6
Net earnings attributable to FIS common stockholders													$	212
Capital expenditures	$	76			$	64			$	4			$	144
Total assets	$	10,570			$	8,118			$	5,180			$	23,868
Goodwill	$	7,662			$	5,834			$	170			$	13,666

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

	IFS				GFS				Corporate and Other				Total
Revenues	$	1,087			$	1,086			$	85			$	2,258
Operating expenses	699				813				376				1,888
Depreciation and amortization	78				66				16				160
Purchase accounting amortization	—				—				180				180
EBITDA	466				339				(95		)		710
Acquisition deferred revenue adjustment	—				—				2				2
Acquisition, integration and severance costs	—				—				39				39
Adjusted EBITDA	$	466			$	339			$	(54	)		$	751
EBITDA													$	710
Interest expense, net													91
Depreciation and amortization													160
Purchase accounting amortization													180
Other income (expense) unallocated													4
Provision (benefit) for income taxes													136
Net (earnings) loss attributable to noncontrolling interest													8
Net earnings attributable to FIS common stockholders													$	139
Capital expenditures (1)	$	81			$	64			$	2			$	147
Total assets	$	10,205			$	9,250			$	5,518			$	24,973
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 six months ended June 30, 2018 (in millions):

	IFS				GFS				Corporate and Other				Total
Revenues	$	2,185			$	1,826			$	161			$	4,172
Operating expenses	1,414				1,345				766				3,525
Depreciation and amortization	172				137				29				338
Purchase accounting amortization	—				—				368				368
EBITDA	943				618				(208		)		1,353
Acquisition deferred revenue adjustment	—				—				3				3
Acquisition, integration and severance costs	—				—				106				106
Adjusted EBITDA	$	943			$	618			$	(99	)		1,462
EBITDA													$	1,353
Interest expense, net													144
Depreciation and amortization													338
Purchase accounting amortization													368
Other income (expense) unallocated													(10		)
Provision (benefit) for income taxes													85
Net (earnings) loss attributable to noncontrolling interest													14
Net earnings attributable to FIS common stockholders													$	394
Capital expenditures	$	175			$	135			$	6			$	316

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

	IFS				GFS				Corporate and Other				Total
Revenues	$	2,124			$	2,089			$	193			$	4,406
Operating expenses	1,370				1,615				805				3,790
Depreciation and amortization	151				129				32				312
Purchase accounting amortization	—				—				360				360
EBITDA	905				603				(220		)		1,288
Acquisition deferred revenue adjustment	—				—				5				5
Acquisition, integration and severance costs	—				—				119				119
Adjusted EBITDA	$	905			$	603			$	(96	)		$	1,412
EBITDA													$	1,288
Interest expense, net													183
Depreciation and amortization													312
Purchase accounting amortization													360
Other income (expense) unallocated													60
Provision (benefit) for income taxes													210
Net (earnings) loss attributable to noncontrolling interest													14
Net earnings attributable to FIS common stockholders													$	269
Capital expenditures (1)	$	207			$	158			$	11			$	376

(1) Capital expenditures for the six months ended June 30, 2017 include $79 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

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- References

No definition available.

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