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Revenue
 3 Months Ended
Mar. 31, 2023
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. Prior-period amounts have been reclassified to conform to the new reportable segment presentation as discussed in Note 10.
For the three months ended March 31, 2023 (in millions):
Capital
BankingMerchantMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,439 $777 $425 $26 $2,667 
All others246 328 238 31 843 
Total$1,685 $1,105 $663 $57 $3,510 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,299 $1,081 $342 $39 $2,761 
Software maintenance90 1 129 — 220 
Other recurring54 20 19 10 103 
Total recurring1,443 1,102 490 49 3,084 
Software license11 3 73 — 87 
Professional services154 — 100 2 256 
Other non-recurring fees77 — — 6 83 
Total$1,685 $1,105 $663 $57 $3,510 

For the three months ended March 31, 2022 (in millions):
Capital
BankingMerchantMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,418 $785 $374 $51 $2,628 
All others241 327 253 43 864 
Total$1,659 $1,112 $627 $94 $3,492 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,255 $1,087 $308 $76 $2,726 
Software maintenance92 1 125 — 218 
Other recurring51 22 14 10 97 
Total recurring1,398 1,110 447 86 3,041 
Software license31 1 73 — 105 
Professional services144 — 107 2 253 
Other non-recurring fees86 1 — 6 93 
Total$1,659 $1,112 $627 $94 $3,492 
Contract Balances

The Company recognized revenue of $318 million and $310 million during the three months ended March 31, 2023 and 2022, 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 March 31, 2023, approximately $22.5 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 30% of the Banking Solutions and Capital Market Solutions segments' remaining performance obligations over the next 12 months, approximately another 22% 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, as its contracts either have an original duration of one year or less or contain variable consideration that is allocated entirely to the day of performance under its stand-ready performance obligations comprised of a series of distinct daily services. The aggregate fixed consideration portion of customer contracts with an initial contract duration greater than one year is not material.