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Revenue
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
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 12.
For the three months ended June 30, 2020 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$603  $1,266  $390  $35  $2,294  
All others209  213  239  7  668  
Total$812  $1,479  $629  $42  $2,962  
Type of Revenue:
Recurring revenue:
Transaction processing and services$792  $1,092  $307  $38  $2,229  
Software maintenance1  87  121  —  209  
Other recurring18  42  26  —  86  
Total recurring811  1,221  454  38  2,524  
Software license—  14  70  —  84  
Professional services—  146  104  1  251  
Other non-recurring fees1  98  1  3  103  
Total$812  $1,479  $629  $42  $2,962  

For the six months ended June 30, 2020 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,264  $2,509  $794  $74  $4,641  
All others483  432  466  17  1,398  
Total$1,747  $2,941  $1,260  $91  $6,039  
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,704  $2,188  $618  $82  $4,592  
Software maintenance1  175  244  1  421  
Other recurring38  86  49  —  173  
Total recurring1,743  2,449  911  83  5,186  
Software license1  33  142  —  176  
Professional services—  288  206  2  496  
Other non-recurring fees3  171  1  6  181  
Total$1,747  $2,941  $1,260  $91  $6,039  
For the three months ended June 30, 2019 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$97  $1,130  $377  $49  $1,653  
All others—  227  217  15  459  
Total$97  $1,357  $594  $64  $2,112  
Type of Revenue:
Recurring revenue:
Transaction processing and services$89  $987  $273  $56  $1,405  
Software maintenance—  92  119  —  211  
Other recurring—  44  27  —  71  
Total recurring89  1,123  419  56  1,687  
Software license7  20  74  —  101  
Professional services—  152  101  1  254  
Other non-recurring fees1  62  —  7  70  
Total$97  $1,357  $594  $64  $2,112  

For the six months ended June 30, 2019 (in millions):

Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$147  $2,256  $734  $95  $3,232  
All others—  474  433  30  937  
Total$147  $2,730  $1,167  $125  $4,169  
Type of Revenue:
Recurring revenue:
Transaction processing and services$137  $1,979  $546  $113  $2,775  
Software maintenance1  180  240  —  421  
Other recurring—  88  53  —  141  
Total recurring138  2,247  839  113  3,337  
Software license7  59  132  —  198  
Professional services—  292  196  2  490  
Other non-recurring fees2  132  —  10  144  
Total$147  $2,730  $1,167  $125  $4,169  
Contract Balances

The Company recognized revenue of $161 million and $188 million during the three months and $444 million and $508 million during the six months ended June 30, 2020 and 2019, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.

Transaction Price Allocated to the Remaining Performance Obligations

As of June 30, 2020, approximately $21 billion of revenue is estimated to be recognized in the future primarily 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 20% 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.