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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of 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, 2021 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,161					$	1,610					$	654					$	82					$	3,507
Operating expenses			(647)						(1,012)						(419)						(1,291)						(3,369)
Depreciation and amortization (including purchase accounting amortization)			86						144						81						747						1,058
Acquisition, integration and other costs			—						—						—						187						187
Asset impairments			—						—						—						202						202
Adjusted EBITDA			$	600					$	742					$	316					$	(73)					$	1,585
Adjusted EBITDA																											$	1,585
Depreciation and amortization																											(344)
Purchase accounting amortization																											(714)
Acquisition, integration and other costs																											(187)
Asset impairments																											(202)
Interest expense, net																											(46)
Other income (expense), net																											110
(Provision) benefit for income taxes																											(41)
Net earnings attributable to noncontrolling interest																											(3)
Net earnings attributable to FIS common stockholders																											$	158
Capital expenditures			$	74					$	94					$	47					$	50					$	265

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

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,017					$	1,488					$	587					$	105					$	3,197
Operating expenses			(604)						(968)						(392)						(1,002)						(2,966)
Depreciation and amortization (including purchase accounting amortization)			74						129						70						658						931
Acquisition, integration and other costs			—						—						—						195						195
Adjusted EBITDA			$	487					$	649					$	265					$	(44)					$	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)
Net earnings attributable to noncontrolling interest																											(2)
Net earnings attributable to FIS common stockholders																											$	20
Capital expenditures (1)			$	92					$	130					$	60					$	11					$	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 nine months ended September 30, 2021 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	3,303					$	4,729					$	1,908					$	265					$	10,205
Operating expenses			(1,927)						(3,041)						(1,259)						(3,378)						(9,605)
Depreciation and amortization (including purchase accounting amortization)			263						441						248						2,029						2,981
Acquisition, integration and other costs			—						—						—						629						629
Asset impairments			—						—						—						202						202
Adjusted EBITDA			$	1,639					$	2,129					$	897					$	(253)					$	4,412
Adjusted EBITDA																											$	4,412
Depreciation and amortization																											(918)
Purchase accounting amortization																											(2,063)
Acquisition, integration and other costs																											(629)
Asset impairments																											(202)
Interest expense																											(169)
Other income (expense), net																											(58)
(Provision) benefit for income taxes																											(246)
Equity method investment earnings (loss)																											6
Net earnings attributable to noncontrolling interest																											(7)
Net earnings (loss) attributable to FIS common stockholders																											$	126
Capital expenditures			$	270					$	301					$	157					$	149					$	877

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

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	2,764					$	4,394					$	1,777					$	301					$	9,236
Operating expenses			(1,747)						(2,908)						(1,176)						(3,020)						(8,851)
Depreciation and amortization (including purchase accounting amortization)			224						382						200						1,954						2,760
Acquisition, integration and other costs			—						—						—						616						616
Adjusted EBITDA			$	1,241					$	1,868					$	801					$	(149)					$	3,761
Adjusted EBITDA																											$	3,761
Depreciation and amortization																											(705)
Purchase accounting amortization																											(2,055)
Acquisition, integration and other costs																											(616)
Interest expense, net																											(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 (1)			$	272					$	384					$	164					$	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.

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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

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- References

No definition available.

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