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Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2020 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,017					$	1,507					$	626					$	47					$	3,197
Operating expenses			(604)						(986)						(411)						(965)						(2,966)
Depreciation and amortization (including purchase accounting amortization)			74						132						71						654						931
Acquisition, integration and other costs			—						—						—						195						195
Adjusted EBITDA			$	487					$	653					$	286					$	(69)					$	1,357
Adjusted EBITDA																											$	1,357
Depreciation and amortization																											(238)
Purchase accounting amortization																											(693)
Acquisition, integration and other costs																											(195)
Interest expense, net																											(84)
Other income (expense), net																											(4)
(Provision) benefit for income taxes																											(121)
Equity method investment earnings (loss)																											—
Net earnings attributable to noncontrolling interest																											(2)
Net earnings attributable to FIS common stockholders																											$	20
Capital expenditures			$	92					$	130					$	61					$	10					$	293

(1)Capital expenditures for the three months ended September 30, 2020, include $21 million in other financing obligations for certain hardware and software.

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

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	705					$	1,443					$	611					$	63					$	2,822
Operating expenses			(383)						(943)						(388)						(968)						(2,682)
Depreciation and amortization (including purchase accounting amortization)			43						127						57						525						752
Acquisition, integration and other costs			—						—						—						213						213
Asset impairments			—						—						—						87						87
Adjusted EBITDA			$	365					$	627					$	280					$	(80)					$	1,192
Adjusted EBITDA																											$	1,192
Depreciation and amortization																											(206)
Purchase accounting amortization																											(546)
Acquisition, integration and other costs																											(213)
Asset impairments																											(87)
Interest expense, net																											(95)
Other income (expense), net																											164
(Provision) benefit for income taxes																											(48)
Equity method investment earnings (loss)																											(5)
Net earnings attributable to noncontrolling interest																											(2)
Net earnings attributable to FIS common stockholders																											$	154
Capital expenditures (1)			$	47					$	156					$	59					$	21					$	283

(1)Capital expenditures for the three months ended September 30, 2019, include $24 million in other financing obligations for certain hardware and software.

For the nine months ended September 30, 2020 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	2,764					$	4,447					$	1,886					$	139					$	9,236
Operating expenses			(1,747)						(2,963)						(1,236)						(2,905)						(8,851)
Depreciation and amortization (including purchase accounting amortization)			224						392						203						1,941						2,760
Acquisition, integration and other costs			—						—						—						616						616
Adjusted EBITDA			$	1,241					$	1,876					$	853					$	(209)					$	3,761
Adjusted EBITDA																											$	3,761
Depreciation and amortization																											(705)
Purchase accounting amortization																											(2,055)
Acquisition, integration and other costs																											(616)
Interest expense																											(252)
Other income (expense), net																											31
(Provision) benefit for income taxes																											(94)
Equity method investment earnings (loss)																											(9)
Net earnings attributable to noncontrolling interest																											(7)
Net earnings attributable to FIS common stockholders																											$	54
Capital expenditures			$	272					$	383					$	165					$	39					$	859

(1)Capital expenditures for the nine months ended September 30, 2020, include $21 million in other financing obligations for certain hardware and software.

For the nine months ended September 30, 2019 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	852					$	4,173					$	1,778					$	188					$	6,991
Operating expenses			(503)						(2,810)						(1,149)						(1,683)						(6,145)
Depreciation and amortization (including purchase accounting amortization)			48						375						161						904						1,488
Acquisition, integration and other costs			—						—						—						293						293
Asset impairments																					87						87
Adjusted EBITDA			$	397					$	1,738					$	790					$	(211)					$	2,714
Adjusted EBITDA																											$	2,714
Depreciation and amortization																											(594)
Purchase accounting amortization																											(894)
Acquisition, integration and other costs																											(293)
Asset impairments																											(87)
Interest expense, net																											(242)
Other income (expense), net																											(8)
(Provision) benefit for income taxes																											(119)
Equity method investment earnings (loss)																											(18)
Net earnings attributable to noncontrolling interest																											(3)
Net earnings attributable to FIS common stockholders																											$	456
Capital expenditures (1)			$	50					$	358					$	167					$	28					$	603

(1)Capital expenditures for the nine months ended September 30, 2019, include $59 million in other financing obligations for certain hardware and software.

X

- 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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