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Worldpay Acquisition Worldpay Acquisition (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The total purchase price was as follows (in millions):

Cash consideration	$	3,423
Value of FIS share consideration	38,635
Pay-off of Worldpay long-term debt not contractually assumed	5,738
Value of outstanding converted equity awards attributed to services already rendered	449
Total purchase price	$	48,245

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary purchase price allocation was as follows (in millions):

Cash acquired	$	305
Settlement deposits and merchant float (1)	2,447
Trade receivables	1,619
Goodwill	38,428
Intangible assets	13,682
Computer software	1,293
Other noncurrent assets (2)	1,386
Accounts payable, accrued and other liabilities	(1,013		)
Settlement payables	(3,167		)
Deferred income taxes	(2,822		)
Long-term debt, subsequently repaid	(1,805		)
Other liabilities and noncontrolling interest (3)	(2,108		)
Total purchase price	$	48,245

(1)Includes $1,693 million of merchant float.

(2)Includes $534 million of other restricted cash.

(3)Includes $890 million of long-term tax receivable agreement liability (see Note 10) and $710 million contingent value rights liability (see Note 5).

Business Acquisition, Pro Forma Information

pro forma results of operations for the three and nine months ended September 30, 2019 and 2018, assuming the acquisition had occurred as of January 1, 2018, are presented below (in millions, except per share amounts):

	Three months ended September 30,								Nine months ended September 30,
	2019				2018				2019				2018
Revenue	$	3,154			$	3,109			$	9,380			$	9,149
Net earnings (loss) attributable to FIS common stockholders	$	220			$	14			$	370			$	(225	)
Net earnings (loss) per share — basic attributable to FIS common stockholders	$	0.36			$	0.02			$	0.60			$	(0.36	)
Net earnings (loss) per share — diluted attributable to FIS common stockholders	$	0.36			$	0.02			$	0.60			$	(0.36	)

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- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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