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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,
 2023202220232022
Major components of discontinued operations before income taxes:
Revenue$1,201 $1,189 $3,636 $3,620 
Cost of revenue(193)(613)(1,462)(1,978)
Selling, general, and administrative expenses(520)(498)(1,486)(1,470)
Asset impairments(4)— (6,843)(18)
Interest income (expense), net4 2 15 3 
Other, net(30)(60)17 (5)
Earnings (loss) from discontinued operations related to major classes of pretax earning (loss)458 20 (6,123)152 
Loss on assets held for sale (1,549)— (1,549)— 
Earnings (loss) from discontinued operations(1,091)20 (7,672)152 
Provision (benefit) for income taxes(382)(11)(327)5 
Earnings (loss) from discontinued operations, net of tax$(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, 2023December 31, 2022
Major classes of assets included in discontinued operations:  
Cash and cash equivalents$1,356 $1,732 
Settlement assets5,243 5,264 
Trade receivables, net of allowance for credit losses of $60 and $44, respectively
1,753 1,864 
Prepaid expenses and other current assets150 130 
Total current assets8,502 8,990 
Property and equipment, net143 153 
Goodwill10,711 17,460 
Intangible assets, net5,854 6,488 
Software, net1,226 1,183 
Other noncurrent assets490 450 
Total noncurrent assets18,424 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 payables6,210 6,140 
Other current liabilities45 55 
Total current liabilities7,323 7,366 
Deferred income taxes586 861 
Other noncurrent liabilities458 510 
Total noncurrent liabilities1,044 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,
20232022
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, 2023December 31, 2022
Settlement assets
Settlement deposits$86 $55 
Merchant float2,259 2,625 
Settlement receivables2,898 2,584 
Total Settlement assets$5,243 $5,264