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Revenue
 9 Months Ended
Sep. 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.

For the three months ended September 30, 2023 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,509 $413 $34 $1,956 
All others247 264 22 533 
Total$1,756 $677 $56 $2,489 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,334 $349 $31 $1,714 
Software maintenance92 135 — 227 
Other recurring67 21 11 99 
Total recurring1,493 505 42 2,040 
Software license47 76 8 131 
Professional services126 96 2 224 
Other non-recurring fees90 — 4 94 
Total$1,756 $677 $56 $2,489 
For the three months ended September 30, 2022 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,437 $389 $59 $1,885 
All others266 244 20 530 
Total$1,703 $633 $79 $2,415 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,251 $324 $62 $1,637 
Software maintenance89 123 — 212 
Other recurring55 15 9 79 
Total recurring1,395 462 71 1,928 
Software license69 66 — 135 
Professional services153 104 2 259 
Other non-recurring fees86 1 6 93 
Total$1,703 $633 $79 $2,415 
For the nine months ended September 30, 2023 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$4,405 $1,262 $92 $5,759 
All others739 749 64 1,552 
Total$5,144 $2,011 $156 $7,311 
Type of Revenue:
Recurring revenue:
Transaction processing and services$3,911 $1,035 $95 $5,041 
Software maintenance273 394 1 668 
Other recurring183 60 31 274 
Total recurring4,367 1,489 127 5,983 
Software license78 228 8 314 
Professional services436 293 7 736 
Other non-recurring fees263 1 14 278 
Total$5,144 $2,011 $156 $7,311 

For the nine months ended September 30, 2022 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$4,293 $1,138 $177 $5,608 
All others746 754 86 1,586 
Total$5,039 $1,892 $263 $7,194 
Type of Revenue:
Recurring revenue:
Transaction processing and services$3,759 $945 $205 $4,909 
Software maintenance272 372 2 646 
Other recurring158 43 29 230 
Total recurring4,189 1,360 236 5,785 
Software license122 212 — 334 
Professional services451 316 6 773 
Other non-recurring fees277 4 21 302 
Total$5,039 $1,892 $263 $7,194 
Contract Balances

The Company recognized revenue of $114 million and $119 million during the three months and $612 million and $611 million during the nine months ended September 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 September 30, 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.