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Worldpay Acquisition (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Business Acquisition Purchase Price

The total purchase price is 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 purchase price allocation as of December 31, 2019, is as follows (in millions):

Cash acquired	$	305
Settlement deposits and merchant float (1)	2,445
Trade receivables	1,599
Goodwill	38,068
Intangible assets	13,682
Software	1,297
Other noncurrent assets (2)	1,569
Accounts payable, accrued and other liabilities	(1,055		)
Settlement payables	(3,167		)
Deferred income taxes	(2,828		)
Long-term debt, subsequently repaid	(1,805		)
Other liabilities and noncontrolling interest (3)	(1,865		)
Total purchase price	$	48,245

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

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

(3)Includes $542 million of noncurrent tax receivable agreement liability (see Note 16) and $819 million contingent value rights liability (see Note 11).

Business Acquisition, Pro Forma Information

pro forma results of operations for the years ended December 31, 2019 and 2018, assuming the acquisition had occurred as of January 1, 2018, are presented below (in millions, except per share amounts):

	Years ended December 31,
	2019				2018
Revenue	$	12,724			$	12,373
Net earnings (loss) attributable to FIS common stockholders	$	254			$	(57	)
Net earnings (loss) per share-basic attributable to FIS common stockholders	$	0.41			$	(0.09	)
Net earnings (loss) per share-diluted attributable to FIS common stockholders	$	0.41			$	(0.09	)

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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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