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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,183 $ 1,152
Settlement deposits and merchant float 2,697 2,882
Trade receivables, net of allowance for credit losses of $65 and $60 at June 30, 2020 and December 31, 2019, respectively 3,104 3,242
Contract assets 150 124
Settlement receivables 834 647
Other receivables 299 337
Prepaid expenses and other current assets 333 308
Total current assets 8,600 8,692
Property and equipment, net 887 900
Goodwill 51,940 52,242
Intangible assets, net 14,589 15,798
Software, net 3,292 3,204
Other noncurrent assets 2,535 2,303
Deferred contract costs, net 799 667
Total assets 82,642 83,806
Current liabilities:    
Accounts payable, accrued and other liabilities 2,063 2,374
Settlement payables 4,214 4,228
Deferred revenue 846 817
Short-term borrowings 3,217 2,823
Current portion of long-term debt 1,777 140
Total current liabilities 12,117 10,382
Long-term debt, excluding current portion 14,874 17,229
Deferred income taxes 4,091 4,281
Other noncurrent liabilities 2,287 2,406
Deferred revenue 40 52
Total liabilities 33,409 34,350
Redeemable noncontrolling interest 176 0
FIS stockholders’ equity:    
Preferred stock $0.01 par value; 200 shares authorized, none issued and outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock $0.01 par value, 750 shares authorized, 619 and 615 shares issued at June 30, 2020 and December 31, 2019, respectively 6 6
Additional paid in capital 45,736 45,358
Retained earnings 3,753 4,161
Accumulated other comprehensive earnings (loss) (358) (33)
Treasury stock, $0.01 par value, 1 common shares as of June 30, 2020 and less than 1 as of December 31, 2019, respectively, at cost (94) (52)
Total FIS stockholders’ equity 49,043 49,440
Noncontrolling interest 14  
Total equity 49,057 49,456
Total liabilities, redeemable noncontrolling interest and equity $ 82,642 $ 83,806