XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.23.3

Discontinued Operations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Reconciliation of Major Components of Discontinued Operations, Net of Tax Presented in the Consolidated Statements of Earnings (Loss) | The following table represents a reconciliation of the major components of discontinued operations, net of tax, presented in the consolidated statements of earnings (loss) (in millions). The Company's presentation of discontinued operations excludes general corporate overhead costs which were historically allocated to the Worldpay Merchant Solutions business.
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Major components of discontinued operations before income taxes: |  |  |  |  |  |  |
Revenue | $ | 1,201 |  |  | $ | 1,189 |  |  | $ | 3,636 |  |  | $ | 3,620 |
Cost of revenue | (193) |  |  | (613) |  |  | (1,462) |  |  | (1,978) |
Selling, general, and administrative expenses | (520) |  |  | (498) |  |  | (1,486) |  |  | (1,470) |
Asset impairments | (4) |  |  | — |  |  | (6,843) |  |  | (18) |
Interest income (expense), net | 4 |  |  | 2 |  |  | 15 |  |  | 3 |
Other, net | (30) |  |  | (60) |  |  | 17 |  |  | (5) |
Earnings (loss) from discontinued operations related to major classes of pretax earning (loss) | 458 |  |  | 20 |  |  | (6,123) |  |  | 152 |
Loss on assets held for sale | (1,549) |  |  | — |  |  | (1,549) |  |  | — |
Earnings (loss) from discontinued operations | (1,091) |  |  | 20 |  |  | (7,672) |  |  | 152 |
Provision (benefit) for income taxes | (382) |  |  | (11) |  |  | (327) |  |  | 5 |
Earnings (loss) from discontinued operations, net of tax | $ | (709) |  |  | $ | 31 |  |  | $ | (7,345) |  |  | $ | 147 |
The following table represents the major classes of assets and liabilities of the disposal group classified as held for sale presented in the consolidated balance sheets as of September 30, 2023, and December 31, 2022 (in millions). Assets held for sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated or amortized.
| September 30, 2023 |  | December 31, 2022
Major classes of assets included in discontinued operations: |  |  |
Cash and cash equivalents | $ | 1,356 |  |  | $ | 1,732 |
Settlement assets | 5,243 |  |  | 5,264 |
Trade receivables, net of allowance for credit losses of $60 and $44, respectively | 1,753 |  |  | 1,864 |
Prepaid expenses and other current assets | 150 |  |  | 130 |
Total current assets | 8,502 |  |  | 8,990 |
Property and equipment, net | 143 |  |  | 153 |
Goodwill | 10,711 |  |  | 17,460 |
Intangible assets, net | 5,854 |  |  | 6,488 |
Software, net | 1,226 |  |  | 1,183 |
Other noncurrent assets | 490 |  |  | 450 |
Total noncurrent assets | 18,424 |  |  | 25,734 |
Less valuation allowance | (1,549) |  |  | — |
Total assets of the disposal group classified as held for sale | $ | 25,377 |  |  | $ | 34,724 |
Major classes of liabilities included in discontinued operations: |  |  |
Accounts payable, accrued and other liabilities | $ | 1,068 |  |  | $ | 1,171 |
Settlement payables | 6,210 |  |  | 6,140 |
Other current liabilities | 45 |  |  | 55 |
Total current liabilities | 7,323 |  |  | 7,366 |
Deferred income taxes | 586 |  |  | 861 |
Other noncurrent liabilities | 458 |  |  | 510 |
Total noncurrent liabilities | 1,044 |  |  | 1,371 |
Total liabilities of the disposal group classified as held for sale | $ | 8,367 |  |  | $ | 8,737 |
The following table presents cash flows from operating and investing activities for discontinued operations (in millions).
|  | Nine months ended September 30,
|  | 2023 |  | 2022
Cash provided by (used in) operating activities - discontinued operations |  | $ | 1,509 |  |  | $ | 1,639 |
Cash provided by (used in) investing activities - discontinued operations (1) |  | $ | (260) |  |  | $ | (24) |
Cash provided by (used in) financing activities - discontinued operations |  | $ | (188) |  |  | $ | (435) |
(1)Our capital expenditures from discontinued operations for the nine month periods ended September 30, 2023 and 2022, were $260 million and $292 million, respectively. The nine month period ended September 30, 2022, includes $269 million net proceeds from the sale of Visa preferred stock.
Schedule of Settlement Assets of Disposal Group | The principal components of the Company's settlement assets of the disposal group are as follows (in millions):
| September 30, 2023 |  | December 31, 2022
Settlement assets |  |  |
Settlement deposits | $ | 86 |  |  | $ | 55 |
Merchant float | 2,259 |  |  | 2,625 |
Settlement receivables | 2,898 |  |  | 2,584 |
Total Settlement assets | $ | 5,243 |  |  | $ | 5,264 |

X
- Definition Schedule Of Disposal Groups Including Discontinued Operations Settlement Assets + References No definition available. + Details
Name: | fis_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsSettlementAssetsTableTextBlock
Namespace Prefix: | fis_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration