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Revenue
 6 Months Ended
Jun. 30, 2021
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 recast to conform to the new reportable segment presentation as discussed in Note 11.
For the three months ended June 30, 2021 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$840 $1,348 $369 $57 $2,614 
All others337 230 261 33 861 
Total$1,177 $1,578 $630 $90 $3,475 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,153 $1,168 $291 $78 $2,690 
Software maintenance1 89 127 — 217 
Other recurring20 40 25 4 89 
Total recurring1,174 1,297 443 82 2,996 
Software license1 22 72 — 95 
Professional services— 147 115 1 263 
Other non-recurring fees2 112 — 7 121 
Total$1,177 $1,578 $630 $90 $3,475 

For the three months ended June 30, 2020 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$603 $1,266 $357 $68 $2,294 
All others209 196 236 27 668 
Total$812 $1,462 $593 $95 $2,962 
Type of Revenue:
Recurring revenue:
Transaction processing and services$792 $1,075 $271 $91 $2,229 
Software maintenance1 87 121 — 209 
Other recurring18 42 26 — 86 
Total recurring811 1,204 418 91 2,524 
Software license— 14 70 — 84 
Professional services— 146 104 1 251 
Other non-recurring fees1 98 1 3 103 
Total$812 $1,462 $593 $95 $2,962 
For the six months ended June 30, 2021 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,521 $2,659 $739 $115 $5,034 
All others622 460 516 67 1,665 
Total$2,143 $3,119 $1,255 $182 $6,699 
Type of Revenue:
Recurring revenue:
Transaction processing and services$2,097 $2,332 $582 $162 $5,173 
Software maintenance1 177 253 1 432 
Other recurring41 78 49 6 174 
Total recurring2,139 2,587 884 169 5,779 
Software license2 46 141 — 189 
Professional services— 294 220 2 516 
Other non-recurring fees2 192 10 11 215 
Total$2,143 $3,119 $1,255 $182 $6,699 

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 $728 $140 $4,641 
All others483 397 462 56 1,398 
Total$1,747 $2,906 $1,190 $196 $6,039 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,704 $2,153 $548 $187 $4,592 
Software maintenance1 176 244 — 421 
Other recurring38 85 50 — 173 
Total recurring1,743 2,414 842 187 5,186 
Software license1 33 142 — 176 
Professional services— 288 205 3 496 
Other non-recurring fees3 171 1 6 181 
Total$1,747 $2,906 $1,190 $196 $6,039 
Contract Balances

The Company recognized revenue of $181 million and $161 million during the three months and $508 million and $444 million during the six months ended June 30, 2021 and 2020, 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, 2021, approximately $22.5 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 30% of the Banking Solutions and Capital Market Solutions segments' remaining performance obligations over the next 12 months, approximately another 22% 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.