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Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segment Information

Summarized financial information for the Company’s segments is shown in the following tables. The Company does not evaluate performance or allocate resources based on segment asset data; therefore, such information is not presented.

As of and for the three months ended September 30, 2019 (in millions):

									Capital
	Merchant				Banking				Market				Corporate
	Solutions				Solutions				Solutions				and Other				Total
Revenue	$	720			$	1,491			$	611			$	—			$	2,822
Operating expenses	393				982				388				919				2,682
Depreciation and amortization (including purchase accounting amortization)	44				132				57				519				752
EBITDA	371				641				280				(400		)		892
Acquisition, integration and other costs	—				—				—				213				213
Asset impairments	—				—				—				87				87
Adjusted EBITDA	$	371			$	641			$	280			$	(100	)		$	1,192
EBITDA																	$	892
Interest expense, net																	95
Depreciation and amortization																	206
Purchase accounting amortization																	546
Other income (expense) unallocated																	159
Provision (benefit) for income taxes																	48
Net earnings attributable to noncontrolling interest																	2
Net earnings attributable to FIS common stockholders																	$	154
Capital expenditures (1)	$	47			$	157			$	59			$	20			$	283

(1) Capital expenditures for the three months ended September 30, 2019 include $24 million in other financing obligations for certain hardware and software.

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

									Capital
	Merchant				Banking				Market				Corporate
	Solutions				Solutions				Solutions				and Other				Total
Revenue	$	50			$	1,433			$	589			$	12			$	2,084
Operating expenses	43				980				354				365				1,742
Depreciation and amortization (including purchase accounting amortization)	3				124				39				188				354
EBITDA	10				577				274				(165		)		696
Acquisition deferred revenue adjustment	—				—				—				1				1
Acquisition, integration and other costs	—				—				—				16				16
Asset impairments	—				—				—				95				95
Adjusted EBITDA	$	10			$	577			$	274			$	(53	)		$	808
EBITDA																	$	696
Interest expense, net																	80
Depreciation and amortization																	173
Purchase accounting amortization																	181
Other income (expense) unallocated																	(62		)
Provision (benefit) for income taxes																	37
Net earnings attributable to noncontrolling interest																	9
Net earnings attributable to FIS common stockholders																	$	154
Capital expenditures	$	3			$	99			$	46			$	1			$	149

(1) Capital expenditures for the three months ended September 30, 2018 include $1 million in other financing obligations for certain hardware and software.

As of and for the nine months ended September 30, 2019 (in millions):

									Capital
	Merchant				Banking				Market				Corporate
	Solutions				Solutions				Solutions				and Other				Total
Revenue	$	896			$	4,317			$	1,778			$	—			$	6,991
Operating expenses	536				2,938				1,149				1,522				6,145
Depreciation and amortization (including purchase accounting amortization)	50				393				161				884				1,488
EBITDA	410				1,772				790				(638		)		2,334
Acquisition, integration and other costs	—				—				—				293				293
Asset impairments	—				—				—				87				87
Adjusted EBITDA	$	410			$	1,772			$	790			$	(258	)		$	2,714
EBITDA																	$	2,334
Interest expense, net																	242
Depreciation and amortization																	594
Purchase accounting amortization																	894
Other income (expense) unallocated																	(26		)
Provision (benefit) for income taxes																	119
Net earnings attributable to noncontrolling interest																	3
Net earnings attributable to FIS common stockholders																	$	456
Capital expenditures (1)	$	52			$	360			$	167			$	24			$	603

(1) Capital expenditures for the nine months ended September 30, 2019 include $59 million in other financing obligations for certain hardware and software.

As of and for the nine months ended September 30, 2018 (in millions):

									Capital
	Merchant				Banking				Market				Corporate
	Solutions				Solutions				Solutions				and Other				Total
Revenue	$	205			$	4,238			$	1,770			$	43			$	6,256
Operating expenses	173				2,956				1,126				1,012				5,267
Depreciation and amortization (including purchase accounting amortization)	8				364				117				571				1,060
EBITDA	40				1,646				761				(398		)		2,049
Acquisition deferred revenue adjustment	—				—				—				4				4
Acquisition, integration and other costs	—				—				—				122				122
Asset impairments	—				—				—				95				95
Adjusted EBITDA	$	40			$	1,646			$	761			$	(177	)		$	2,270
EBITDA																	$	2,049
Interest expense, net																	225
Depreciation and amortization																	511
Purchase accounting amortization																	549
Other income (expense) unallocated																	(71		)
Provision (benefit) for income taxes																	122
Net earnings attributable to noncontrolling interest																	23
Net earnings attributable to FIS common stockholders																	$	548
Capital expenditures	$	8			$	311			$	142			$	4			$	465

(1)

Capital expenditures for the nine months ended September 30, 2018 include $1 million in other financing obligations for certain hardware and software.

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
-SubTopic 10
-Section 50
-Paragraph 25
-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
-SubTopic 20
-Section 50
-Paragraph 1
-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
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

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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- References

No definition available.

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