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