XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
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, 2022 (in millions):
|  |  |  |  | Capital |  |  |  |
| Banking |  | Merchant |  | Market |  | Corporate |  |
| Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Revenue | $ | 1,680 |  |  | $ | 1,180 |  |  | $ | 671 |  |  | $ | 73 |  |  | $ | 3,604 |
Operating expenses | (1,107) |  |  | (708) |  |  | (423) |  |  | (904) |  |  | (3,142) |
Depreciation and amortization (including purchase accounting amortization) | 148 |  |  | 88 |  |  | 82 |  |  | 614 |  |  | 932 |
Acquisition, integration and other costs | — |  |  | — |  |  | — |  |  | 164 |  |  | 164 |
Asset impairments | — |  |  | — |  |  | — |  |  | 17 |  |  | 17 |
Adjusted EBITDA | $ | 721 |  |  | $ | 560 |  |  | $ | 330 |  |  | $ | (36) |  |  | $ | 1,575 |
Adjusted EBITDA |  |  |  |  |  |  |  |  | $ | 1,575 |
Depreciation and amortization |  |  |  |  |  |  |  |  | (324) |
Purchase accounting amortization |  |  |  |  |  |  |  |  | (608) |
Acquisition, integration and other costs |  |  |  |  |  |  |  |  | (164) |
Asset impairments |  |  |  |  |  |  |  |  | (17) |
Interest expense, net |  |  |  |  |  |  |  |  | (76) |
Other income (expense), net |  |  |  |  |  |  |  |  | (41) |
(Provision) benefit for income taxes |  |  |  |  |  |  |  |  | (91) |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  |  |  | (5) |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  |  |  | $ | 249 |
Capital expenditures | $ | 109 |  |  | $ | 122 |  |  | $ | 63 |  |  | $ | 37 |  |  | $ | 331 |
For the three months ended September 30, 2021 (in millions):
|  |  |  |  | Capital |  |  |  |
| Banking |  | Merchant |  | Market |  | Corporate |  |
| Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Revenue | $ | 1,610 |  |  | $ | 1,161 |  |  | $ | 654 |  |  | $ | 82 |  |  | $ | 3,507 |
Operating expenses | (1,012) |  |  | (647) |  |  | (419) |  |  | (1,291) |  |  | (3,369) |
Depreciation and amortization (including purchase accounting amortization) | 144 |  |  | 86 |  |  | 81 |  |  | 747 |  |  | 1,058 |
Acquisition, integration and other costs | — |  |  | — |  |  | — |  |  | 187 |  |  | 187 |
Asset impairments | — |  |  | $ | — |  |  | $ | — |  |  | 202 |  |  | 202 |
Adjusted EBITDA | $ | 742 |  |  | $ | 600 |  |  | $ | 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 | $ | 94 |  |  | $ | 74 |  |  | $ | 47 |  |  | $ | 50 |  |  | $ | 265 |
For the nine months ended September 30, 2022 (in millions):
|  |  |  |  | Capital |  |  |  |
| Banking |  | Merchant |  | Market |  | Corporate |  |
| Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Revenue | $ | 4,988 |  |  | $ | 3,595 |  |  | $ | 1,992 |  |  | $ | 239 |  |  | $ | 10,814 |
Operating expenses | (3,281) |  |  | (2,167) |  |  | (1,295) |  |  | (3,078) |  |  | (9,821) |
Depreciation and amortization (including purchase accounting amortization) | 448 |  |  | 268 |  |  | 258 |  |  | 1,946 |  |  | 2,920 |
Acquisition, integration and other costs | — |  |  | — |  |  | — |  |  | 574 |  |  | 574 |
Asset impairments | — |  |  | — |  |  | — |  |  | 104 |  |  | 104 |
Adjusted EBITDA | $ | 2,155 |  |  | $ | 1,696 |  |  | $ | 955 |  |  | $ | (215) |  |  | $ | 4,591 |
Adjusted EBITDA |  |  |  |  |  |  |  |  | $ | 4,591 |
Depreciation and amortization |  |  |  |  |  |  |  |  | (1,035) |
Purchase accounting amortization |  |  |  |  |  |  |  |  | (1,885) |
Acquisition, integration and other costs |  |  |  |  |  |  |  |  | (574) |
Asset impairments |  |  |  |  |  |  |  |  | (104) |
Interest expense |  |  |  |  |  |  |  |  | (166) |
Other income (expense), net |  |  |  |  |  |  |  |  | 51 |
(Provision) benefit for income taxes |  |  |  |  |  |  |  |  | (223) |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  |  |  | (9) |
Net earnings (loss) attributable to FIS common stockholders |  |  |  |  |  |  |  |  | $ | 646 |
Capital expenditures | $ | 385 |  |  | $ | 374 |  |  | $ | 210 |  |  | $ | 114 |  |  | $ | 1,083 |
For the nine months ended September 30, 2021 (in millions):
|  |  |  |  | Capital |  |  |  |
| Banking |  | Merchant |  | Market |  | Corporate |  |
| Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Revenue | $ | 4,729 |  |  | $ | 3,303 |  |  | $ | 1,908 |  |  | $ | 265 |  |  | $ | 10,205 |
Operating expenses | (3,041) |  |  | (1,927) |  |  | (1,259) |  |  | (3,378) |  |  | (9,605) |
Depreciation and amortization (including purchase accounting amortization) | 441 |  |  | 263 |  |  | 248 |  |  | 2,029 |  |  | 2,981 |
Acquisition, integration and other costs | — |  |  | — |  |  | — |  |  | 629 |  |  | 629 |
Asset impairments | — |  |  | — |  |  | — |  |  | 202 |  |  | 202 |
Adjusted EBITDA | $ | 2,129 |  |  | $ | 1,639 |  |  | $ | 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, net |  |  |  |  |  |  |  |  | (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 attributable to FIS common stockholders |  |  |  |  |  |  |  |  | $ | 126 |
Capital expenditures | $ | 301 |  |  | $ | 270 |  |  | $ | 157 |  |  | $ | 149 |  |  | $ | 877 |

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration