XML 37 R10.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue | 9 Months Ended
--- | ---
Sep. 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 September 30, 2021 (in millions):
|  | Reportable Segments
|  |  |  |  |  | Capital |  |  |  |
|  | Merchant |  | Banking |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 803 |  |  | $ | 1,369 |  |  | $ | 398 |  |  | $ | 50 |  |  | $ | 2,620 |
All others |  | 358 |  |  | 241 |  |  | 256 |  |  | 32 |  |  | 887 |
Total |  | $ | 1,161 |  |  | $ | 1,610 |  |  | $ | 654 |  |  | $ | 82 |  |  | $ | 3,507 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 1,121 |  |  | $ | 1,200 |  |  | $ | 297 |  |  | $ | 77 |  |  | $ | 2,695 |
Software maintenance |  | 1 |  |  | 90 |  |  | 128 |  |  | — |  |  | 219 |
Other recurring |  | 22 |  |  | 47 |  |  | 23 |  |  | 3 |  |  | 95 |
Total recurring |  | 1,144 |  |  | 1,337 |  |  | 448 |  |  | 80 |  |  | 3,009 |
Software license |  | 5 |  |  | 28 |  |  | 91 |  |  | — |  |  | 124 |
Professional services |  | — |  |  | 151 |  |  | 115 |  |  | 1 |  |  | 267 |
Other non-recurring fees |  | 12 |  |  | 94 |  |  | — |  |  | 1 |  |  | 107 |
Total |  | $ | 1,161 |  |  | $ | 1,610 |  |  | $ | 654 |  |  | $ | 82 |  |  | $ | 3,507 |
For the three months ended September 30, 2020 (in millions):
|  | Reportable Segments
|  |  |  |  |  | Capital |  |  |  |
|  | Merchant |  | Banking |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 747 |  |  | $ | 1,281 |  |  | $ | 347 |  |  | $ | 70 |  |  | $ | 2,445 |
All others |  | 270 |  |  | 207 |  |  | 240 |  |  | 35 |  |  | 752 |
Total |  | $ | 1,017 |  |  | $ | 1,488 |  |  | $ | 587 |  |  | $ | 105 |  |  | $ | 3,197 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 996 |  |  | $ | 1,128 |  |  | $ | 272 |  |  | $ | 92 |  |  | $ | 2,488 |
Software maintenance |  | 1 |  |  | 88 |  |  | 124 |  |  | — |  |  | 213 |
Other recurring |  | 19 |  |  | 45 |  |  | 25 |  |  | — |  |  | 89 |
Total recurring |  | 1,016 |  |  | 1,261 |  |  | 421 |  |  | 92 |  |  | 2,790 |
Software license |  | — |  |  | 15 |  |  | 58 |  |  | 6 |  |  | 79 |
Professional services |  | — |  |  | 152 |  |  | 108 |  |  | 2 |  |  | 262 |
Other non-recurring fees |  | 1 |  |  | 60 |  |  | — |  |  | 5 |  |  | 66 |
Total |  | $ | 1,017 |  |  | $ | 1,488 |  |  | $ | 587 |  |  | $ | 105 |  |  | $ | 3,197 |
For the nine months ended September 30, 2021 (in millions):
|  | Reportable Segments
|  |  |  |  |  | Capital |  |  |  |
|  | Merchant |  | Banking |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,323 |  |  | $ | 4,028 |  |  | $ | 1,137 |  |  | $ | 165 |  |  | $ | 7,653 |
All others |  | 980 |  |  | 701 |  |  | 771 |  |  | 100 |  |  | 2,552 |
Total |  | $ | 3,303 |  |  | $ | 4,729 |  |  | $ | 1,908 |  |  | $ | 265 |  |  | $ | 10,205 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 3,217 |  |  | $ | 3,533 |  |  | $ | 877 |  |  | $ | 240 |  |  | $ | 7,867 |
Software maintenance |  | 2 |  |  | 267 |  |  | 382 |  |  | 1 |  |  | 652 |
Other recurring |  | 63 |  |  | 125 |  |  | 72 |  |  | 9 |  |  | 269 |
Total recurring |  | 3,282 |  |  | 3,925 |  |  | 1,331 |  |  | 250 |  |  | 8,788 |
Software license |  | 7 |  |  | 74 |  |  | 232 |  |  | — |  |  | 313 |
Professional services |  | — |  |  | 444 |  |  | 335 |  |  | 3 |  |  | 782 |
Other non-recurring fees |  | 14 |  |  | 286 |  |  | 10 |  |  | 12 |  |  | 322 |
Total |  | $ | 3,303 |  |  | $ | 4,729 |  |  | $ | 1,908 |  |  | $ | 265 |  |  | $ | 10,205 |
For the nine months ended September 30, 2020 (in millions):
|  | Reportable Segments
|  |  |  |  |  | Capital |  |  |  |
|  | Merchant |  | Banking |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,011 |  |  | $ | 3,790 |  |  | $ | 1,075 |  |  | $ | 210 |  |  | $ | 7,086 |
All others |  | 753 |  |  | 604 |  |  | 702 |  |  | 91 |  |  | 2,150 |
Total |  | $ | 2,764 |  |  | $ | 4,394 |  |  | $ | 1,777 |  |  | $ | 301 |  |  | $ | 9,236 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 2,697 |  |  | $ | 3,280 |  |  | $ | 821 |  |  | $ | 280 |  |  | $ | 7,078 |
Software maintenance |  | 2 |  |  | 264 |  |  | 367 |  |  | 1 |  |  | 634 |
Other recurring |  | 58 |  |  | 131 |  |  | 75 |  |  | — |  |  | 264 |
Total recurring |  | 2,757 |  |  | 3,675 |  |  | 1,263 |  |  | 281 |  |  | 7,976 |
Software license |  | 2 |  |  | 48 |  |  | 200 |  |  | 6 |  |  | 256 |
Professional services |  | 1 |  |  | 441 |  |  | 313 |  |  | 4 |  |  | 759 |
Other non-recurring fees |  | 4 |  |  | 230 |  |  | 1 |  |  | 10 |  |  | 245 |
Total |  | $ | 2,764 |  |  | $ | 4,394 |  |  | $ | 1,777 |  |  | $ | 301 |  |  | $ | 9,236 |
Contract Balances The Company recognized revenue of $106 million and $216 million during the three months and $614 million and $660 million during the nine months ended September 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 September 30, 2021, approximately $22.0 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.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration