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Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019 (in millions):

	IFS				GFS				Corporate and Other				Total
Revenue	$	1,179			$	865			$	68			$	2,112
Operating expenses	739				636				346				1,721
Depreciation and amortization	95				83				190				368
EBITDA	535				312				(88		)		759
Acquisition, integration and other costs	—				—				35				35
Adjusted EBITDA	$	535			$	312			$	(53	)		$	794
EBITDA													$	759
Interest expense, net													72
Depreciation and amortization													368
Other income (expense) unallocated													(124		)
Provision (benefit) for income taxes													40
Net earnings attributable to noncontrolling interest													1
Net earnings attributable to FIS common stockholders													$	154
Capital expenditures (1)	$	73			$	62			$	6			$	141
Total assets	$	10,824			$	8,349			$	13,686			$	32,859
Goodwill	$	7,648			$	5,767			$	127			$	13,542

(1) Capital expenditures for the three months ended June 30, 2019 include $1 million in other financing obligations for certain hardware and software.

As of and for the three months ended June 30, 2018 (in millions):

	IFS				GFS				Corporate and Other				Total
Revenue	$	1,124			$	899			$	83			$	2,106
Operating expenses	719				655				379				1,753
Depreciation and amortization	87				70				197				354
EBITDA	492				314				(99		)		707
Acquisition deferred revenue adjustment	—				—				1				1
Acquisition, integration and other costs	—				—				49				49
Adjusted EBITDA	$	492			$	314			$	(49	)		$	757
EBITDA													$	707
Interest expense, net													73
Depreciation and amortization													354
Other income (expense) unallocated													(11		)
Provision (benefit) for income taxes													51
Net earnings attributable to noncontrolling interest													6
Net earnings attributable to FIS common stockholders													$	212
Capital expenditures	$	76			$	64			$	4			$	144
Total assets (1)	$	10,570			$	8,118			$	5,180			$	23,868
Goodwill	$	7,662			$	5,834			$	170			$	13,666

As of and for the six months ended June 30, 2019 (in millions):

	IFS				GFS				Corporate and Other				Total
Revenue	$	2,309			$	1,728			$	132			$	4,169
Operating expenses	1,468				1,271				724				3,463
Depreciation and amortization	192				164				380				736
EBITDA	1,033				621				(212		)		1,442
Acquisition, integration and other costs	—				—				81				81
Adjusted EBITDA	$	1,033			$	621			$	(131	)		$	1,523
EBITDA													$	1,442
Interest expense, net													147
Depreciation and amortization													736
Other income (expense) unallocated													(183		)
Provision (benefit) for income taxes													72
Net earnings attributable to noncontrolling interest													2
Net earnings attributable to FIS common stockholders													$	302
Capital expenditures (1)	$	168			$	142			$	10			$	320

(1) Capital expenditures for the six months ended June 30, 2019 include $35 million in other financing obligations for certain hardware and software.

As of and for the six months ended June 30, 2018 (in millions):

	IFS				GFS				Corporate and Other				Total
Revenue	$	2,185			$	1,826			$	161			$	4,172
Operating expenses	1,414				1,345				766				3,525
Depreciation and amortization	172				137				397				706
EBITDA	943				618				(208		)		1,353
Acquisition deferred revenue adjustment	—				—				3				3
Acquisition, integration and other costs	—				—				106				106
Adjusted EBITDA	$	943			$	618			$	(99	)		$	1,462
EBITDA													$	1,353
Interest expense, net													144
Depreciation and amortization													706
Other income (expense) unallocated													(10		)
Provision (benefit) for income taxes													85
Net earnings attributable to noncontrolling interest													14
Net earnings attributable to FIS common stockholders													$	394
Capital expenditures	$	175			$	135			$	6			$	316

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 21
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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