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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
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$803 $1,369 $398 $50 $2,620 
All others358 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 maintenance1 90 128 — 219 
Other recurring22 47 23 3 95 
Total recurring1,144 1,337 448 80 3,009 
Software license5 28 91 — 124 
Professional services— 151 115 1 267 
Other non-recurring fees12 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
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$747 $1,281 $347 $70 $2,445 
All others270 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 maintenance1 88 124 — 213 
Other recurring19 45 25 — 89 
Total recurring1,016 1,261 421 92 2,790 
Software license— 15 58 6 79 
Professional services— 152 108 2 262 
Other non-recurring fees1 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
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$2,323 $4,028 $1,137 $165 $7,653 
All others980 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 maintenance2 267 382 1 652 
Other recurring63 125 72 9 269 
Total recurring3,282 3,925 1,331 250 8,788 
Software license7 74 232 — 313 
Professional services— 444 335 3 782 
Other non-recurring fees14 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
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$2,011 $3,790 $1,075 $210 $7,086 
All others753 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 maintenance2 264 367 1 634 
Other recurring58 131 75 — 264 
Total recurring2,757 3,675 1,263 281 7,976 
Software license2 48 200 6 256 
Professional services1 441 313 4 759 
Other non-recurring fees4 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.