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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
FIS reports its financial performance based on the following segments: Merchant Solutions, Banking Solutions, Capital Market Solutions and Corporate and Other. The Company regularly assesses its portfolio of assets and reclassified certain non-strategic businesses from the Merchant Solutions, Banking Solutions, and Capital Market Solutions segments into the Corporate and Other segment during the year ended December 31, 2020, and recast all prior-period segment information presented. Below is a summary of each segment.

Merchant Solutions ("Merchant")

The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept, authorize and settle electronic payment transactions. Merchant includes all aspects of payment processing, including value-added services, such as security, fraud prevention, advanced data analytics, foreign currency management and numerous funding options. Merchant serves clients in over 100 countries. Our Merchant clients are highly-diversified, including global enterprises, national retailers and small- to medium-sized businesses. The Merchant segment utilizes broad and varied distribution channels, including direct sales forces and multiple referral partner relationships that provide us with access to new and existing markets.
Banking Solutions ("Banking")

The Banking segment is focused on serving financial institutions of all sizes with core processing software, transaction processing software and complementary applications and services, many of which interact directly with core processing software. We sell these solutions and services on either a bundled or stand-alone basis. Clients in this segment include global financial institutions, U.S. regional and community banks, credit unions and commercial lenders, as well as government institutions and other commercial organizations. Banking serves clients in more than 100 countries. We provide our clients integrated solutions characterized by multi-year processing contracts that generate highly recurring revenue. The predictable nature of cash flows generated from the Banking segment provides opportunities for further investments in innovation, integration, information and security, and compliance in a cost-effective manner.

Capital Market Solutions ("Capital Markets")

The Capital Markets segment is focused on serving global financial services clients with a broad array of buy- and sell-side solutions. Clients in this segment operate in more than 100 countries and include asset managers, buy- and sell-side securities brokerage and trading firms, insurers, private equity firms, and other commercial organizations. Our buy- and sell-side solutions include a variety of mission-critical applications for recordkeeping, data and analytics, trading, financing and risk management. Capital Markets clients purchase our solutions and services in various ways including licensing and managing technology "in-house," using consulting and third-party service providers, as well as procuring fully outsourced end-to-end solutions. Our long-established relationships with many of these financial and commercial institutions generate significant recurring revenue. We have made, and continue to make, investments in modern platforms, advanced technologies, open APIs, machine learning and artificial intelligence, and regulatory technology to support our Capital Markets clients.

Corporate and Other

The Corporate and Other segment consists of corporate overhead expense, certain leveraged functions and miscellaneous expenses that are not included in the operating segments, as well as certain non-strategic businesses that we plan to wind down or sell. The overhead and leveraged costs relate to corporate marketing, corporate finance and accounting, human resources, legal, and amortization of acquisition-related intangibles and other costs, such as acquisition and integration expenses, that are not considered when management evaluates revenue-generating segment performance.

The Company recorded acquisition and integration costs primarily related to the Worldpay acquisition as well as certain other costs, including cost associated with the Company's platform modernization totaling $139 million for the year ended December 31, 2021. The Company also recorded $202 million of asset impairments for certain software and deferred contract cost assets and $183 million of incremental amortization expense associated with shortened estimated useful lives and accelerated amortization methods for certain acquired software and deferred contract cost assets driven by the Company's platform modernization for the year ended December 31, 2021. The Company also recorded costs related to data center consolidation activities totaling $43 million, $88 million and $70 million, for the years ended December 31, 2021, 2020 and 2019, respectively. In addition, the Company recorded incremental costs directly related to COVID-19 of $44 million and $71 million for the years ended December 31, 2021 and 2020. For the year ended December 31, 2021, the Company also recorded $104 million in accelerated stock compensation expense to reflect the impact of establishing a Qualified Retirement Equity Program that modified unvested equity awards outstanding at January 1, 2021 (see Note 17).

Adjusted EBITDA

Adjusted EBITDA is a measure of segment profit or loss that is reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, Adjusted EBITDA, as it relates to our segments, is presented in conformity with FASB ASC Topic 280, Segment Reporting. Adjusted EBITDA is defined as net earnings (loss) before net interest expense, net other income (expense), income tax provision (benefit), equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs and other transactions that management deems non-operational in nature. The non-operational items affecting the segment profit measure generally include the purchase price amortization of acquired intangible assets as well as acquisition, integration and certain other costs and asset impairments. Adjusted EBITDA also excludes incremental and direct costs resulting from the COVID-19 pandemic. These costs and adjustments are recorded in the Corporate and Other segment for the periods discussed below. Adjusted EBITDA for the respective segments excludes the foregoing costs and adjustments.
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.

As of and for the year ended December 31, 2021 (in millions):
Merchant
Solutions		Banking
Solutions		Capital
Market
Solutions		Corporate
and Other		Total
Revenue$4,496 $6,396 $2,624 $361 $13,877 
Operating expenses(2,580)(4,105)(1,682)(4,455)(12,822)
Depreciation and amortization (including purchase accounting amortization)346 583 329 2,757 4,015 
Acquisition, integration and other costs— — — 845 845 
Asset impairments— — — 202 202 
Adjusted EBITDA$2,262 $2,874 $1,271 $(290)$6,117 
Adjusted EBITDA$6,117 
Depreciation and amortization (1,251)
Purchase accounting amortization(2,764)
Acquisition, integration and other costs(845)
Asset impairments(202)
Interest expense, net(214)
Other income (expense), net   (52)
(Provision) benefit for income taxes(371)
Equity method investment earnings (loss)6 
Net earnings attributable to noncontrolling interest(7)
Net earnings attributable to FIS common stockholders$417 
Capital expenditures (1)$401 $442 $229 $214 $1,286 
(1) Capital expenditures include $35 million in other financing obligations for certain hardware and software.

As of and for the year ended December 31, 2020 (in millions):
Merchant
Solutions		Banking
Solutions		Capital
Market
Solutions		Corporate
and Other		Total
Revenue$3,767 $5,944 $2,440 $401 $12,552 
Operating expenses(2,320)(3,901)(1,566)(4,213)(12,000)
Depreciation and amortization (including purchase accounting amortization)305 513 273 2,623 3,714 
Acquisition, integration and other costs— — — 858 858 
Asset impairments— — — 136 136 
Adjusted EBITDA$1,752 $2,556 $1,147 $(195)$5,260 
Adjusted EBITDA$5,260 
Depreciation and amortization(964)
Purchase accounting amortization(2,750)
Acquisition, integration and other costs(858)
Asset impairments(136)
Interest expense, net(334)
Other income (expense), net48 
(Provision) benefit for income taxes(96)
Equity method investment earnings (loss)(6)
Net earnings attributable to noncontrolling interest(6)
Net earnings attributable to FIS common stockholders$158 
Capital expenditures (1)$365 $498 $223 $64 $1,150 
(1) Capital expenditures include $21 million in other financing obligations for certain hardware and software.
As of and for the year ended December 31, 2019 (in millions):
Merchant
Solutions		Banking
Solutions		Capital
Market
Solutions		Corporate
and Other		Total
Revenue$1,942 $5,592 $2,318 $481 $10,333 
Operating expenses(1,090)(3,679)(1,458)(3,137)(9,364)
Depreciation and amortization (including purchase accounting amortization)115 489 213 1,627 2,444 
Acquisition deferred revenue adjustment— — — — — 
Acquisition, integration and other costs— — — 704 704 
Asset impairments— — — 87 87 
Adjusted EBITDA$967 $2,402 $1,073 $(238)4,204 
Adjusted EBITDA$4,204 
Depreciation and amortization(809)
Purchase accounting amortization(1,635)
Acquisition, integration and other costs(704)
Asset impairments(87)
Interest expense, net(337)
Other income (expense), net   (219)
(Provision) benefit for income taxes(100)
Equity method investment earnings (loss)(10)
Net earnings attributable to noncontrolling interest(5)
Net earnings attributable to FIS common stockholders$298 
Capital expenditures (1)$141 $612 $266 $24 $1,043 
(1) Capital expenditures include $215 million in other financing obligations for certain hardware and software.

Clients in the United Kingdom, Germany, Australia, Brazil, and India accounted for the majority of the revenue from clients based outside of North America for all periods presented. FIS conducts business in over 100 countries, with no individual country outside of North America accounting for more than 10% of total revenue for the years ended December 31, 2021, 2020 and 2019.
Long-term assets, excluding goodwill and other intangible assets, located outside of the United States totaled $1,608 million and $1,772 million as of December 31, 2021 and 2020, respectively. These assets are predominantly located in the United Kingdom, France, India, Germany, Belgium and Netherlands