Revenue

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

In the following tables, revenue is disaggregated by primary geographical market, type of revenue, and recurring nature of revenue recognized. The tables also include a reconciliation of the disaggregated revenue with the Company’s reportable segments.

For the three months ended June 30, 2019 (in millions):



	Reportable Segments
					Corporate
	IFS		GFS		and Other		Total
Primary Geographical Markets:
North America	$	1,135	$	463	$	55	$	1,653
All others	44		402		13		459
Total	$	1,179	$	865	$	68	$	2,112

Type of Revenue:
Processing and services	$	947	$	463	$	57	$	1,467
License and software related	99		242		—		341
Professional services	47		156		3		206
Hardware and other	86		4		8		98
Total	$	1,179	$	865	$	68	$	2,112

Recurring Nature of Revenue Recognition:
Recurring fees	$	1,029	$	617	$	57	$	1,703
Non-recurring fees	150		248		11		409
Total	$	1,179	$	865	$	68	$	2,112

For the six months ended June 30, 2019 (in millions):



	Reportable Segments
					Corporate
	IFS		GFS		and Other		Total
Primary Geographical Markets:
North America	$	2,221	$	904	$	107	$	3,232
All others	88		824		25		937
Total	$	2,309	$	1,728	$	132	$	4,169

Type of Revenue:
Processing and services	$	1,859	$	926	$	117	$	2,902
License and software related	184		492		—		676
Professional services	88		302		5		395
Hardware and other	178		8		10		196
Total	$	2,309	$	1,728	$	132	$	4,169

Recurring Nature of Revenue Recognition:
Recurring fees	$	2,022	$	1,235	$	117	$	3,374
Non-recurring fees	287		493		15		795
Total	$	2,309	$	1,728	$	132	$	4,169

For the three months ended June 30, 2018 (in millions):



	Reportable Segments
					Corporate
	IFS		GFS		and Other		Total
Primary Geographical Markets:
North America	$	1,079	$	434	$	71	$	1,584
All others	45		465		12		522
Total	$	1,124	$	899	$	83	$	2,106

Type of Revenue:
Processing and services	$	936	$	521	$	73	$	1,530
License and software related	92		228		—		320
Professional services	43		150		2		195
Hardware and other	53		—		8		61
Total	$	1,124	$	899	$	83	$	2,106

Recurring Nature of Revenue Recognition:
Recurring fees	$	991	$	680	$	73	$	1,744
Non-recurring fees	133		219		10		362
Total	$	1,124	$	899	$	83	$	2,106

For the six months ended June 30, 2018 (in millions):



	Reportable Segments
					Corporate
	IFS		GFS		and Other		Total
Primary Geographical Markets:
North America	$	2,096	$	886	$	135	$	3,117
All others	89		940		26		1,055
Total	$	2,185	$	1,826	$	161	$	4,172

Type of Revenue:
Processing and services	$	1,831	$	1,064	$	147	$	3,042
License and software related	178		475		1		654
Professional services	80		287		4		371
Hardware and other	96		—		9		105
Total	$	2,185	$	1,826	$	161	$	4,172

Recurring Nature of Revenue Recognition:
Recurring fees	$	1,942	$	1,379	$	148	$	3,469
Non-recurring fees	243		447		13		703
Total	$	2,185	$	1,826	$	161	$	4,172

Contract Balances

The Company recognized revenue of $188 million and $170 million during the three months and $508 million and $452 million during the six months ended June 30, 2019 and 2018, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.

Transaction Price Allocated to the Remaining Performance Obligations

As of June 30, 2019, approximately $20.0 billion of revenue is estimated to be recognized in the future from the Company’s remaining unfulfilled performance obligations, which are primarily comprised of recurring account- and volume-based processing services. This excludes the amount of anticipated recurring renewals not yet contractually obligated. The Company expects to recognize approximately 35% of our remaining performance obligations over the next 12 months, approximately another 25% over the next 13 to 24 months, and the balance thereafter.