Revenue

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

In the following tables, revenue is disaggregated by primary geographical market and type of revenue. The tables also include a reconciliation of the disaggregated revenue with the Company's reportable segments. Prior-period amounts have been reclassified to conform to the new reportable segment presentation as discussed in Note 22.

For the year ended December 31, 2019 (in millions):



	Reportable Segments
	Merchant Solutions		Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	1,409	$	4,940	$	1,510	$	—	$	7,859
All others	604		933		937		—		2,474
Total	$	2,013	$	5,873	$	2,447	$	—	$	10,333

Type of Revenue:
Recurring revenue:
Transaction processing and services	$	1,951	$	4,298	$	1,109	$	—	$	7,358
Software maintenance	2		360		482		—		844
Other recurring	37		177		106		—		320
Total recurring	1,990		4,835		1,697		—		8,522

Software license	8		150		341		—		499
Professional services	1		587		406		—		994
Other non-recurring	14		301		3		—		318
Total	$	2,013	$	5,873	$	2,447	$	—	$	10,333

For the year ended December 31, 2018 (in millions):



	Reportable Segments
	Merchant Solutions		Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	208	$	4,546	$	1,485	$	44	$	6,283
All others	68		1,166		906		—		2,140
Total	$	276	$	5,712	$	2,391	$	44	$	8,423

Type of Revenue:
Recurring revenue:
Transaction processing and services	$	263	$	4,340	$	1,084	$	44	$	5,731
Software maintenance	3		351		480		—		834
Other recurring	—		207		114		—		321
Total recurring	266		4,898		1,678		44		6,886

Software license	4		101		311		—		416
Professional services	1		567		402		—		970
Other non-recurring	5		146		—		—		151
Total	$	276	$	5,712	$	2,391	$	44	$	8,423

For the year ended December 31, 2017 (in millions):



	Reportable Segments
	Merchant Solutions		Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	198	$	4,376	$	1,616	$	106	$	6,296
All others	63		1,176		1,133		—		2,372
Total	$	261	$	5,552	$	2,749	$	106	$	8,668

Type of Revenue:
Recurring revenue:
Transaction processing and services	$	243	$	4,201	$	1,111	$	84	$	5,639
Software maintenance	3		348		464		12		827
Other recurring	—		188		189		—		377
Total recurring	246		4,737		1,764		96		6,843

Software license	11		95		285		1		392
Professional services	1		608		700		7		1,316
Other non-recurring	3		112		—		2		117
Total	$	261	$	5,552	$	2,749	$	106	$	8,668

Contract Balances

The Company recognized revenue of $762 million, $740 million and $741 million, during the years ended December 31, 2019, 2018 and 2017, respectively, that was included in the corresponding deferred revenue balance at the beginning of the period.

Transaction Price Allocated to the Remaining Performance Obligations

As of December 31, 2019, approximately $20.5 billion of revenue is estimated to be recognized in the future from the Banking Solutions and Capital Market Solutions segments' 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 the Banking Solutions and Capital Market Solutions segments' remaining performance obligations over the next 12 months, approximately another 25% over the next 13 to 24 months, and the balance thereafter.

As permitted by ASC 606, Revenue from Contracts with Customers, the Company has elected to exclude from this disclosure an estimate for the Merchant Solutions segment, which is primarily comprised of contracts with an original duration of one year or less or variable consideration that meet specific criteria. This segment's core performance obligations consist of variable consideration under a stand-ready series of distinct days of service, and revenue from the segment's products and service arrangements are generally billed and recognized as the services are performed. The aggregate fixed consideration portion of customer contracts with an initial contract duration greater than one year is not material.