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Revenue
12 Months Ended
Dec. 31, 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 year ended December 31, 2022 (in millions):
Banking
Solutions
Merchant
Solutions
Capital
Market
Solutions
Corporate and OtherTotal
Primary Geographical Markets:
North America$5,726 $3,421 $1,626 $204 $10,977 
All others980 1,352 1,137 82 3,551 
Total$6,706 $4,773 $2,763 $286 $14,528 
Type of Revenue:
Recurring revenue:
Transaction processing and services $5,006 $4,670 $1,323 $252 $11,251 
Software maintenance346 517 867 
Other recurring209 85 97 392 
Total recurring5,561 4,758 1,937 254 12,510 
Software license147 10 389 — 546 
Professional services624 432 1,061 
Other non-recurring374 28 411 
Total$6,706 $4,773 $2,763 $286 $14,528 

For the year ended December 31, 2021 (in millions):
Banking
Solutions
Merchant
Solutions
Capital
Market
Solutions
Corporate and OtherTotal
Primary Geographical Markets:
North America$5,454 $3,161 $1,490 $228 $10,333 
All others942 1,335 1,134 133 3,544 
Total$6,396 $4,496 $2,624 $361 $13,877 
Type of Revenue:
Recurring revenue:
Transaction processing and services $4,778 $4,370 $1,183 $317 $10,648 
Software maintenance359 510 872 
Other recurring170 83 96 11 360 
Total recurring5,307 4,455 1,789 329 11,880 
Software license129 374 — 511 
Professional services591 451 1,048 
Other non-recurring369 32 10 27 438 
Total$6,396 $4,496 $2,624 $361 $13,877 
For the year ended December 31, 2020 (in millions):
Banking
Solutions
Merchant
Solutions
Capital
Market
Solutions
Corporate and OtherTotal
Primary Geographical Markets:
North America$5,105 $2,719 $1,453 $274 $9,551 
All others839 1,048 987 127 3,001 
Total$5,944 $3,767 $2,440 $401 $12,552 
Type of Revenue:
Recurring revenue:
Transaction processing and services $4,443 $3,680 $1,091 $374 $9,588 
Software maintenance352 493 848 
Other recurring165 77 99 343 
Total recurring4,960 3,759 1,683 377 10,779 
Software license89 328 425 
Professional services605 427 1,038 
Other non-recurring290 13 310 
Total$5,944 $3,767 $2,440 $401 $12,552 

Contract Balances

The Company recognized revenue of approximately $704 million, $680 million and $764 million, during the years ended December 31, 2022, 2021 and 2020, 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, 2022, approximately $23.5 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 29% 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.