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Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of business acquisitions, by acquisition

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs comprised of the following (in millions):

						Three months ended												Nine months ended
						September 30,												September 30,
						2023						2022						2023						2022
Acquisition and integration						$	12					$	14					$	21					$	33
Enterprise transformation, including Future Forward and platform modernization						79						55						223						191
Severance and other termination expenses, including those associated with enterprise cost control initiatives and changes in senior management						6						16						48						52
Pending separation of the Worldpay Merchant Solutions business						5						—						7						—
Stock-based compensation, primarily from certain performance-based awards						9						25						13						79
Other, including divestiture-related expenses and enterprise cost control and other initiatives						2						13						14						72
Total acquisition, integration and other costs						$	113					$	123					$	326					$	427

Amounts in table may not sum due to rounding.

Schedule of Segment Information

Summarized financial information for the Company's segments is shown in the following tables. The Company does not evaluate performance or allocate resources based on segment asset data; therefore, such information is not presented.

For the three months ended September 30, 2023 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,756					$	677					$	56					$	2,489
Operating expenses			(1,122)						(432)						(460)						(2,014)
Depreciation and amortization (including purchase accounting amortization)			149						87						199						435
Acquisition, integration and other costs			—						—						113						113
Asset impairments			—						—						7						7
Indirect Worldpay business support costs			—						—						40						40
Adjusted EBITDA			$	783					$	332					$	(45)					$	1,070
Adjusted EBITDA																					$	1,070
Depreciation and amortization																					(262)
Purchase accounting amortization																					(173)
Acquisition, integration and other costs																					(113)
Asset impairments																					(7)
Indirect Worldpay business support costs																					(40)
Interest expense, net																					(162)
Other income (expense), net																					22
(Provision) benefit for income taxes																					(74)
Net earnings (loss) from discontinued operations, net of tax																					(708)
Net earnings attributable to noncontrolling interest																					(2)
Net earnings (loss) attributable to FIS common stockholders																					$	(449)
Capital expenditures (1)			$	104					$	63					$	48					$	215

(1) Capital expenditures include $18 million in other financing obligations for certain hardware.

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

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,703					$	633					$	79					$	2,415
Operating expenses			(1,113)						(397)						(521)						(2,031)
Depreciation and amortization (including purchase accounting amortization)			148						79						228						455
Acquisition, integration and other costs			—						—						123						123
Asset impairments			—						—						17						17
Indirect Worldpay business support costs			—						—						43						43
Adjusted EBITDA			$	738					$	315					$	(31)					$	1,022
Adjusted EBITDA																					$	1,022
Depreciation and amortization																					(262)
Purchase accounting amortization																					(193)
Acquisition, integration and other costs																					(123)
Asset impairments																					(17)
Indirect Worldpay business support costs																					(43)
Interest expense, net																					(78)
Other income (expense), net																					18
(Provision) benefit for income taxes																					(102)
Net earnings (loss) from discontinued operations, net of tax																					32
Net earnings attributable to noncontrolling interest																					(5)
Net earnings attributable to FIS common stockholders																					$	249
Capital expenditures			$	111					$	60					$	62					$	233

For the nine months ended September 30, 2023 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	5,144					$	2,011					$	156					$	7,311
Operating expenses			(3,419)						(1,291)						(1,465)						(6,175)
Depreciation and amortization (including purchase accounting amortization)			458						268						596						1,322
Acquisition, integration and other costs			—						—						326						326
Asset impairments			—						—						8						8
Indirect Worldpay business support costs			—						—						123						123
Adjusted EBITDA			$	2,183					$	988					$	(256)					$	2,915
Adjusted EBITDA																					$	2,915
Depreciation and amortization																					(798)
Purchase accounting amortization																					(524)
Acquisition, integration and other costs																					(326)
Asset impairments																					(8)
Indirect Worldpay business support costs																					(123)
Interest expense																					(464)
Other income (expense), net																					(91)
(Provision) benefit for income taxes																					(139)
Net earnings (loss) from discontinued operations, net of tax																					(7,342)
Net earnings attributable to noncontrolling interest																					(5)
Net earnings (loss) attributable to FIS common stockholders																					$	(6,905)
Capital expenditures (1)			$	290					$	186					$	108					$	584

(1) Capital expenditures include $38 million in other financing obligations for certain hardware.

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

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	5,039					$	1,892					$	263					$	7,194
Operating expenses			(3,298)						(1,215)						(1,842)						(6,355)
Depreciation and amortization (including purchase accounting amortization)			451						249						726						1,426
Acquisition, integration and other costs			—						—						427						427
Asset impairments			—						—						86						86
Indirect Worldpay business support costs			—						—						137						137
Adjusted EBITDA			$	2,192					$	926					$	(203)					$	2,915
Adjusted EBITDA																					$	2,915
Depreciation and amortization																					(837)
Purchase accounting amortization																					(589)
Acquisition, integration and other costs																					(427)
Asset impairments																					(86)
Indirect Worldpay business support costs																					(137)
Interest expense, net																					(169)
Other income (expense), net																					53
(Provision) benefit for income taxes																					(218)
Net earnings (loss) from discontinued operations, net of tax																					150
Net earnings attributable to noncontrolling interest																					(9)
Net earnings attributable to FIS common stockholders																					$	646
Capital expenditures			$	389					$	201					$	201					$	791

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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