XML 44 R13.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue
12 Months Ended
Dec. 31, 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 reportable segment presentation changes made during the year ended December 31, 2020, as discussed in Note 21.

For the year ended December 31, 2021 (in millions):
Reportable Segments
Merchant
Solutions
Banking
Solutions
Capital
Market
Solutions
Corporate and OtherTotal
Primary Geographical Markets:
North America$3,161 $5,454 $1,490 $228 $10,333 
All others1,335 942 1,134 133 3,544 
Total$4,496 $6,396 $2,624 $361 $13,877 
Type of Revenue:
Recurring revenue:
Transaction processing and services $4,370 $4,778 $1,183 $317 $10,648 
Software maintenance359 510 872 
Other recurring83 170 96 11 360 
Total recurring4,455 5,307 1,789 329 11,880 
Software license129 374 — 511 
Professional services591 451 1,048 
Other non-recurring32 369 10 27 438 
Total$4,496 $6,396 $2,624 $361 $13,877 
For the year ended December 31, 2020 (in millions):
Reportable Segments
Merchant
Solutions
Banking
Solutions
Capital
Market
Solutions
Corporate and OtherTotal
Primary Geographical Markets:
North America$2,719 $5,105 $1,453 $274 $9,551 
All others1,048 839 987 127 3,001 
Total$3,767 $5,944 $2,440 $401 $12,552 
Type of Revenue:
Recurring revenue:
Transaction processing and services $3,680 $4,443 $1,091 $374 $9,588 
Software maintenance352 493 848 
Other recurring77 165 99 343 
Total recurring3,759 4,960 1,683 377 10,779 
Software license89 328 425 
Professional services605 427 1,038 
Other non-recurring290 13 310 
Total$3,767 $5,944 $2,440 $401 $12,552 

For the year ended December 31, 2019 (in millions):
Reportable Segments
Merchant
Solutions
Banking
Solutions
Capital
Market
Solutions
Corporate and OtherTotal
Primary Geographical Markets:
North America$1,409 $4,738 $1,398 $314 $7,859 
All others533 854 920 167 2,474 
Total$1,942 $5,592 $2,318 $481 $10,333 
Type of Revenue:
Recurring revenue:
Transaction processing and services $1,890 $4,056 $993 $420 $7,359 
Software maintenance360 482 — 844 
Other recurring37 177 106 — 320 
Total recurring1,929 4,593 1,581 420 8,523 
Software license150 328 13 499 
Professional services581 406 994 
Other non-recurring268 42 317 
Total$1,942 $5,592 $2,318 $481 $10,333 

Contract Balances

The Company recognized revenue of approximately $680 million, $764 million and $762 million, during the years ended December 31, 2021, 2020 and 2019, 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 December 31, 2021, approximately $23.0 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 21% 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.