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Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of business acquisitions, by acquisition

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs comprised of the following (in millions):

						Three months ended
						March 31,
						2023						2022
Acquisition and integration						$	9					$	48
Enterprise transformation, including Future forward and platform modernization						76						80
Severance and other termination expenses associated with enterprise cost control initiatives and changes in senior management						28						11
Planned spin-off of the Merchant Solutions business						11						—
Stock-based compensation, primarily from certain performance-based awards						—						24
Other, including divestiture-related expenses, enterprise costs control and other initiatives						3						28
Total acquisition, integration and other costs						$	127					$	190

Amounts in table may not sum due to rounding.

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 March 31, 2023 (in millions):

															Capital
			Banking						Merchant						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,685					$	1,105					$	663					$	57					$	3,510
Operating expenses			(1,164)						(720)						(436)						(853)						(3,173)
Depreciation and amortization (including purchase accounting amortization)			155						96						93						551						895
Acquisition, integration and other costs			—						—						—						127						127
Adjusted EBITDA			$	676					$	481					$	320					$	(118)					$	1,359
Adjusted EBITDA																											$	1,359
Depreciation and amortization																											(347)
Purchase accounting amortization																											(548)
Acquisition, integration and other costs																											(127)
Interest expense, net																											(137)
Other income (expense), net																											(11)
(Provision) benefit for income taxes																											(48)
Net earnings attributable to noncontrolling interest																											(1)
Net earnings attributable to FIS common stockholders																											$	140
Capital expenditures			$	98					$	102					$	63					$	16					$	279

For the three months ended March 31, 2022 (in millions):

															Capital
			Banking						Merchant						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,659					$	1,112					$	627					$	94					$	3,492
Operating expenses			(1,104)						(682)						(413)						(1,136)						(3,335)
Depreciation and amortization (including purchase accounting amortization)			152						92						86						683						1,013
Acquisition, integration and other costs			—						—						—						190						190
Asset impairments			—						—						—						58						58
Adjusted EBITDA			$	707					$	522					$	300					$	(111)					$	1,418
Adjusted EBITDA																											$	1,418
Depreciation and amortization																											(363)
Purchase accounting amortization																											(650)
Acquisition, integration and other costs																											(190)
Asset impairments																											(58)
Interest expense, net																											(43)
Other income (expense), net																											61
(Provision) benefit for income taxes																											(54)
Net earnings attributable to noncontrolling interest																											(1)
Net earnings attributable to FIS common stockholders																											$	120
Capital expenditures			$	160					$	143					$	81					$	28					$	412

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
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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.

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