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Revenue
 6 Months Ended
Jun. 30, 2022
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.
For the three months ended June 30, 2022 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$955 $1,427 $388 $64 $2,834 
All others347 236 275 27 885 
Total$1,302 $1,663 $663 $91 $3,719 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,276 $1,247 $326 $78 $2,927 
Software maintenance1 86 128 — 215 
Other recurring23 51 25 — 99 
Total recurring1,300 1,384 479 78 3,241 
Software license1 22 73 — 96 
Professional services— 152 109 1 262 
Other non-recurring fees1 105 2 12 120 
Total$1,302 $1,663 $663 $91 $3,719 

For the three months ended June 30, 2021 (in millions):
Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$840 $1,348 $369 $57 $2,614 
All others337 230 261 33 861 
Total$1,177 $1,578 $630 $90 $3,475 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,153 $1,168 $291 $78 $2,690 
Software maintenance1 89 127 — 217 
Other recurring20 40 25 4 89 
Total recurring1,174 1,297 443 82 2,996 
Software license1 22 72 — 95 
Professional services— 147 115 1 263 
Other non-recurring fees2 112 — 7 121 
Total$1,177 $1,578 $630 $90 $3,475 
For the six months ended June 30, 2022 (in millions):

Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,740 $2,833 $775 $114 $5,462 
All others674 475 546 53 1,748 
Total$2,414 $3,308 $1,321 $167 $7,210 
Type of Revenue:
Recurring revenue:
Transaction processing and services$2,364 $2,495 $646 $146 $5,651 
Software maintenance1 174 258 1 434 
Other recurring45 102 48 1 196 
Total recurring2,410 2,771 952 148 6,281 
Software license2 52 147 — 201 
Professional services— 294 219 2 515 
Other non-recurring fees2 191 3 17 213 
Total$2,414 $3,308 $1,321 $167 $7,210 

For the six months ended June 30, 2021 (in millions):

Reportable Segments
Capital
MerchantBankingMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,521 $2,659 $739 $115 $5,034 
All others622 460 516 67 1,665 
Total$2,143 $3,119 $1,255 $182 $6,699 
Type of Revenue:
Recurring revenue:
Transaction processing and services$2,097 $2,332 $582 $162 $5,173 
Software maintenance1 177 253 1 432 
Other recurring41 78 49 6 174 
Total recurring2,139 2,587 884 169 5,779 
Software license2 46 141 — 189 
Professional services— 294 220 2 516 
Other non-recurring fees2 192 10 11 215 
Total$2,143 $3,119 $1,255 $182 $6,699 
Contract Balances

The Company recognized revenue of $189 million and $181 million during the three months and $499 million and $508 million during the six months ended June 30, 2022 and 2021, 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 June 30, 2022, 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.