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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,373 $ 1,152
Settlement deposits and merchant float 2,337 2,882
Trade receivables, net of allowance for credit losses of $74 and $60 at March 31, 2020 and December 31, 2019, respectively 3,116 3,242
Contract assets 141 124
Settlement receivables 770 647
Other receivables 275 337
Prepaid expenses and other current assets 334 308
Total current assets 8,346 8,692
Property and equipment, net 870 900
Goodwill 51,823 52,242
Intangible assets, net 15,148 15,798
Software, net 3,239 3,204
Other noncurrent assets 2,299 2,303
Deferred contract costs, net 749 667
Total assets 82,474 83,806
Current liabilities:    
Accounts payable, accrued and other liabilities 2,199 2,374
Settlement payables 3,434 4,228
Deferred revenue 898 817
Short-term borrowings 743 2,823
Current portion of long-term debt 652 140
Total current liabilities 7,926 10,382
Long-term debt, excluding current portion 18,982 17,229
Deferred income taxes 4,131 4,281
Other noncurrent liabilities 2,031 2,406
Deferred revenue 47 52
Total liabilities 33,117 34,350
Redeemable noncontrolling interest 175 0
FIS stockholders’ equity:    
Preferred stock $0.01 par value; 200 shares authorized, none issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock $0.01 par value, 750 shares authorized, 617 and 615 shares issued at March 31, 2020 and December 31, 2019, respectively 6 6
Additional paid in capital 45,548 45,358
Retained earnings 3,952 4,161
Accumulated other comprehensive earnings (loss) (248) (33)
Treasury stock, $0.01 par value, 1 common shares as of March 31, 2020 and less than 1 common shares as of December 31, 2019, respectively, at cost (91) (52)
Total FIS stockholders’ equity 49,167 49,440
Noncontrolling interest 15 16
Total equity 49,182 49,456
Total liabilities, redeemable noncontrolling interest and equity $ 82,474 $ 83,806