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Revenue | 6 Months Ended
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Jun. 30, 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 11. For the three months ended June 30, 2023 (in millions):
|  |  |  |  |  | Capital |  |  |  |
|  | Banking |  | Merchant |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,456 |  |  | $ | 954 |  |  | $ | 424 |  |  | $ | 27 |  |  | $ | 2,861 |
All others |  | 246 |  |  | 358 |  |  | 248 |  |  | 33 |  |  | 885 |
Total |  | $ | 1,702 |  |  | $ | 1,312 |  |  | $ | 672 |  |  | $ | 60 |  |  | $ | 3,746 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 1,279 |  |  | $ | 1,284 |  |  | $ | 346 |  |  | $ | 40 |  |  | $ | 2,949 |
Software maintenance |  | 91 |  |  | 1 |  |  | 130 |  |  | — |  |  | 222 |
Other recurring |  | 62 |  |  | 20 |  |  | 20 |  |  | 10 |  |  | 112 |
Total recurring |  | 1,432 |  |  | 1,305 |  |  | 496 |  |  | 50 |  |  | 3,283 |
Software license |  | 19 |  |  | — |  |  | 79 |  |  | — |  |  | 98 |
Professional services |  | 156 |  |  | — |  |  | 97 |  |  | 3 |  |  | 256 |
Other non-recurring fees |  | 95 |  |  | 7 |  |  | — |  |  | 7 |  |  | 109 |
Total |  | $ | 1,702 |  |  | $ | 1,312 |  |  | $ | 672 |  |  | $ | 60 |  |  | $ | 3,746 |
For the three months ended June 30, 2022 (in millions):
|  |  |  |  |  | Capital |  |  |  |
|  | Banking |  | Merchant |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,439 |  |  | $ | 955 |  |  | $ | 375 |  |  | $ | 65 |  |  | $ | 2,834 |
All others |  | 239 |  |  | 347 |  |  | 257 |  |  | 42 |  |  | 885 |
Total |  | $ | 1,678 |  |  | $ | 1,302 |  |  | $ | 632 |  |  | $ | 107 |  |  | $ | 3,719 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 1,254 |  |  | $ | 1,276 |  |  | $ | 314 |  |  | $ | 83 |  |  | $ | 2,927 |
Software maintenance |  | 91 |  |  | 1 |  |  | 123 |  |  | — |  |  | 215 |
Other recurring |  | 51 |  |  | 23 |  |  | 15 |  |  | 10 |  |  | 99 |
Total recurring |  | 1,396 |  |  | 1,300 |  |  | 452 |  |  | 93 |  |  | 3,241 |
Software license |  | 23 |  |  | 1 |  |  | 72 |  |  | — |  |  | 96 |
Professional services |  | 154 |  |  | — |  |  | 106 |  |  | 2 |  |  | 262 |
Other non-recurring fees |  | 105 |  |  | 1 |  |  | 2 |  |  | 12 |  |  | 120 |
Total |  | $ | 1,678 |  |  | $ | 1,302 |  |  | $ | 632 |  |  | $ | 107 |  |  | $ | 3,719 |
For the six months ended June 30, 2023 (in millions):
|  |  |  |  |  | Capital |  |  |  |
|  | Banking |  | Merchant |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,895 |  |  | $ | 1,730 |  |  | $ | 849 |  |  | $ | 54 |  |  | $ | 5,528 |
All others |  | 492 |  |  | 686 |  |  | 486 |  |  | 64 |  |  | 1,728 |
Total |  | $ | 3,387 |  |  | $ | 2,416 |  |  | $ | 1,335 |  |  | $ | 118 |  |  | $ | 7,256 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 2,578 |  |  | $ | 2,365 |  |  | $ | 686 |  |  | $ | 80 |  |  | $ | 5,709 |
Software maintenance |  | 181 |  |  | 1 |  |  | 260 |  |  | 1 |  |  | 443 |
Other recurring |  | 116 |  |  | 41 |  |  | 39 |  |  | 20 |  |  | 216 |
Total recurring |  | 2,875 |  |  | 2,407 |  |  | 985 |  |  | 101 |  |  | 6,368 |
Software license |  | 30 |  |  | 2 |  |  | 152 |  |  | — |  |  | 184 |
Professional services |  | 310 |  |  | — |  |  | 197 |  |  | 5 |  |  | 512 |
Other non-recurring fees |  | 172 |  |  | 7 |  |  | 1 |  |  | 12 |  |  | 192 |
Total |  | $ | 3,387 |  |  | $ | 2,416 |  |  | $ | 1,335 |  |  | $ | 118 |  |  | $ | 7,256 |
For the six months ended June 30, 2022 (in millions):
|  |  |  |  |  | Capital |  |  |  |
|  | Banking |  | Merchant |  | Market |  | Corporate |  |
|  | Solutions |  | Solutions |  | Solutions |  | and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,858 |  |  | $ | 1,740 |  |  | $ | 749 |  |  | $ | 115 |  |  | $ | 5,462 |
All others |  | 479 |  |  | 674 |  |  | 510 |  |  | 85 |  |  | 1,748 |
Total |  | $ | 3,337 |  |  | $ | 2,414 |  |  | $ | 1,259 |  |  | $ | 200 |  |  | $ | 7,210 |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 2,508 |  |  | $ | 2,364 |  |  | $ | 621 |  |  | $ | 158 |  |  | $ | 5,651 |
Software maintenance |  | 183 |  |  | 1 |  |  | 249 |  |  | 1 |  |  | 434 |
Other recurring |  | 103 |  |  | 45 |  |  | 29 |  |  | 19 |  |  | 196 |
Total recurring |  | 2,794 |  |  | 2,410 |  |  | 899 |  |  | 178 |  |  | 6,281 |
Software license |  | 54 |  |  | 2 |  |  | 145 |  |  | — |  |  | 201 |
Professional services |  | 298 |  |  | — |  |  | 213 |  |  | 4 |  |  | 515 |
Other non-recurring fees |  | 191 |  |  | 2 |  |  | 2 |  |  | 18 |  |  | 213 |
Total |  | $ | 3,337 |  |  | $ | 2,414 |  |  | $ | 1,259 |  |  | $ | 200 |  |  | $ | 7,210 |
Contract Balances The Company recognized revenue of $184 million and $189 million during the three months and $502 million and $499 million during the six months ended June 30, 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 June 30, 2023, approximately $23.0 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.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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