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Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

Summarized financial information for the Company's segments is shown in the following tables. The Company does not evaluate performance or allocate resources based on segment asset data; therefore, such information is not presented.

For the three months ended June 30, 2020 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	812					$	1,479					$	629					$	42					$	2,962
Operating expenses			(546)						(998)						(410)						(962)						(2,916)
Depreciation and amortization (including purchase accounting amortization)			65						127						68						655						915
EBITDA			331						608						287						(265)						961
Acquisition, integration and other costs			—						—						—						196						196
Adjusted EBITDA			$	331					$	608					$	287					$	(69)					$	1,157
EBITDA																											$	961
Interest expense, net																											(88)
Depreciation and amortization																											(237)
Purchase accounting amortization																											(678)
Other income (expense) unallocated																											67
(Provision) benefit for income taxes																											(4)
Net earnings attributable to noncontrolling interest																											(2)
Net earnings attributable to FIS common stockholders																											$	19
Capital expenditures			$	74					$	117					$	45					$	25					$	261

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

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	97					$	1,357					$	594					$	64					$	2,112
Operating expenses			(77)						(927)						(377)						(340)						(1,721)
Depreciation and amortization (including purchase accounting amortization)			2						123						53						190						368
EBITDA			22						553						270						(86)						759
Acquisition, integration and other costs			—						—						—						35						35
Adjusted EBITDA			$	22					$	553					$	270					$	(51)					$	794
EBITDA																											$	759
Interest expense, net																											(72)
Depreciation and amortization																											(193)
Purchase accounting amortization																											(175)
Other income (expense) unallocated																											(124)
(Provision) benefit for income taxes																											(40)
Net earnings attributable to noncontrolling interest																											(1)
Net earnings attributable to FIS common stockholders																											$	154
Capital expenditures (1)			$	1					$	87					$	49					$	4					$	141

(1)Capital expenditures for the three months ended June 30, 2019, include $1 million in other financing obligations for certain hardware and software.

For the six months ended June 30, 2020 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,747					$	2,941					$	1,260					$	91					$	6,039
Operating expenses			(1,143)						(1,978)						(825)						(1,939)						(5,885)
Depreciation and amortization (including purchase accounting amortization)			150						259						132						1,289						1,830
EBITDA			754						1,222						567						(559)						1,984
Acquisition, integration and other costs			—						—						—						420						420
Adjusted EBITDA			$	754					$	1,222					$	567					$	(139)					$	2,404
EBITDA																											$	1,984
Interest expense																											(167)
Depreciation and amortization																											(468)
Purchase accounting amortization																											(1,362)
Other income (expense) unallocated																											26
(Provision) benefit for income taxes																											27
Net earnings attributable to noncontrolling interest																											(5)
Net earnings attributable to FIS common stockholders																											$	35
Capital expenditures			$	180					$	254					$	104					$	29					$	567

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

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	147					$	2,730					$	1,167					$	125					$	4,169
Operating expenses			(120)						(1,867)						(761)						(715)						(3,463)
Depreciation and amortization (including purchase accounting amortization)			5						248						104						379						736
EBITDA			32						1,111						510						(211)						1,442
Acquisition, integration and other costs			—						—						—						81						81
Adjusted EBITDA			$	32					$	1,111					$	510					$	(130)					$	1,523
EBITDA																											$	1,442
Interest expense, net																											(147)
Depreciation and amortization																											(388)
Purchase accounting amortization																											(348)
Other income (expense) unallocated																											(183)
(Provision) benefit for income taxes																											(72)
Net earnings attributable to noncontrolling interest																											(2)
Net earnings attributable to FIS common stockholders																											$	302
Capital expenditures (1)			$	3					$	202					$	108					$	7					$	320

(1)Capital expenditures for the six months ended June 30, 2019, include $35 million in other financing obligations for certain hardware and software.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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