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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

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 purchase price allocation as of March 31, 2020 is as follows (in millions):

Cash acquired			$	305
Settlement deposits and merchant float (1)			2,445
Trade receivables			1,599
Goodwill			38,063
Intangible assets			13,682
Computer software			1,297
Other noncurrent assets (2)			1,568
Accounts payable, accrued and other liabilities			(1,046)
Settlement payables			(3,167)
Deferred income taxes			(2,831)
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 9) and $819 million contingent value rights liability (see Note 5).

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- Definition

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.

+ References

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-SubTopic 20
-Section 50
-Paragraph 1
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