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Revenue
 6 Months Ended
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
BankingMerchantMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,456 $954 $424 $27 $2,861 
All others246 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 maintenance91 1 130 — 222 
Other recurring62 20 20 10 112 
Total recurring1,432 1,305 496 50 3,283 
Software license19 — 79 — 98 
Professional services156 — 97 3 256 
Other non-recurring fees95 7 — 7 109 
Total$1,702 $1,312 $672 $60 $3,746 
For the three months ended June 30, 2022 (in millions):
Capital
BankingMerchantMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,439 $955 $375 $65 $2,834 
All others239 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 maintenance91 1 123 — 215 
Other recurring51 23 15 10 99 
Total recurring1,396 1,300 452 93 3,241 
Software license23 1 72 — 96 
Professional services154 — 106 2 262 
Other non-recurring fees105 1 2 12 120 
Total$1,678 $1,302 $632 $107 $3,719 

For the six months ended June 30, 2023 (in millions):

Capital
BankingMerchantMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$2,895 $1,730 $849 $54 $5,528 
All others492 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 maintenance181 1 260 1 443 
Other recurring116 41 39 20 216 
Total recurring2,875 2,407 985 101 6,368 
Software license30 2 152 — 184 
Professional services310 — 197 5 512 
Other non-recurring fees172 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
BankingMerchantMarketCorporate
SolutionsSolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$2,858 $1,740 $749 $115 $5,462 
All others479 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 maintenance183 1 249 1 434 
Other recurring103 45 29 19 196 
Total recurring2,794 2,410 899 178 6,281 
Software license54 2 145 — 201 
Professional services298 — 213 4 515 
Other non-recurring fees191 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.