XML 33 R14.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Revenue | 12 Months Ended
--- | ---
Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue As a result of our ongoing portfolio assessments, the Company reclassified certain businesses from Capital Markets to Banking and to Corporate and Other during the quarter ended March 31, 2023, and reclassified certain non-strategic operations from Banking to Corporate and Other during the quarter ended December 31, 2023. The Company recast all prior-period segment information presented to reflect these reclassifications. 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 year ended December 31, 2023 (in millions):
|  | Banking Solutions |  | Capital Market Solutions |  | Corporate and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |
North America |  | $ | 5,802 |  |  | $ | 1,712 |  |  | $ | 167 |  |  | $ | 7,681 |
All others |  | 931 |  |  | 1,054 |  |  | 155 |  |  | 2,140 |
Total |  | $ | 6,733 |  |  | $ | 2,766 |  |  | $ | 322 |  |  | $ | 9,821 |
Type of Revenue: |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |
Transaction processing and services (1) |  | $ | 4,960 |  |  | $ | 1,381 |  |  | $ | 239 |  |  | $ | 6,580 |
Software maintenance |  | 364 |  |  | 531 |  |  | 2 |  |  | 897 |
Other recurring |  | 248 |  |  | 81 |  |  | 41 |  |  | 370 |
Total recurring |  | 5,572 |  |  | 1,993 |  |  | 282 |  |  | 7,847 |
Software license |  | 131 |  |  | 369 |  |  | 8 |  |  | 508 |
Professional services |  | 562 |  |  | 391 |  |  | 9 |  |  | 962 |
Other non-recurring (1) |  | 468 |  |  | 13 |  |  | 23 |  |  | 504 |
Total |  | $ | 6,733 |  |  | $ | 2,766 |  |  | $ | 322 |  |  | $ | 9,821 |
For the year ended December 31, 2022 (in millions):
|  | Banking Solutions |  | Capital Market Solutions |  | Corporate and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |
North America |  | $ | 5,709 |  |  | $ | 1,566 |  |  | $ | 284 |  |  | $ | 7,559 |
All others |  | 915 |  |  | 1,065 |  |  | 180 |  |  | 2,160 |
Total |  | $ | 6,624 |  |  | $ | 2,631 |  |  | $ | 464 |  |  | $ | 9,719 |
Type of Revenue: |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |
Transaction processing and services (1) |  | $ | 4,785 |  |  | $ | 1,274 |  |  | $ | 384 |  |  | $ | 6,443 |
Software maintenance |  | 358 |  |  | 498 |  |  | 2 |  |  | 858 |
Other recurring |  | 210 |  |  | 58 |  |  | 38 |  |  | 306 |
Total recurring |  | 5,353 |  |  | 1,830 |  |  | 424 |  |  | 7,607 |
Software license |  | 160 |  |  | 377 |  |  | — |  |  | 537 |
Professional services |  | 632 |  |  | 419 |  |  | 8 |  |  | 1,059 |
Other non-recurring (1) |  | 479 |  |  | 5 |  |  | 32 |  |  | 516 |
Total |  | $ | 6,624 |  |  | $ | 2,631 |  |  | $ | 464 |  |  | $ | 9,719 |
For the year ended December 31, 2021 (in millions):
|  | Banking Solutions |  | Capital Market Solutions |  | Corporate and Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |  |
North America |  | $ | 5,480 |  |  | $ | 1,445 |  |  | $ | 247 |  |  | $ | 7,172 |
All others |  | 881 |  |  | 1,050 |  |  | 236 |  |  | 2,167 |
Total |  | $ | 6,361 |  |  | $ | 2,495 |  |  | $ | 483 |  |  | $ | 9,339 |
Type of Revenue: |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |
Transaction processing and services (1) |  | $ | 4,545 |  |  | $ | 1,136 |  |  | $ | 389 |  |  | $ | 6,070 |
Software maintenance |  | 376 |  |  | 489 |  |  | 4 |  |  | 869 |
Other recurring |  | 172 |  |  | 52 |  |  | 53 |  |  | 277 |
Total recurring |  | 5,093 |  |  | 1,677 |  |  | 446 |  |  | 7,216 |
Software license |  | 131 |  |  | 371 |  |  | — |  |  | 502 |
Professional services |  | 600 |  |  | 437 |  |  | 10 |  |  | 1,047 |
Other non-recurring (1) |  | 537 |  |  | 10 |  |  | 27 |  |  | 574 |
Total |  | $ | 6,361 |  |  | $ | 2,495 |  |  | $ | 483 |  |  | $ | 9,339 |
(1) December 31, 2023, was the final deadline for states to complete all benefit issuance under federally funded pandemic relief programs. Accordingly, revenue associated with services the Company provided related to these programs has been classified as Other non-recurring commencing in the fourth quarter of 2023, and related prior-period amounts have been reclassified from Transaction processing and services to Other non-recurring for comparability. Revenue associated with services the Company provided related to these programs was $151 million, $112 million and $168 million for the years ended December 31, 2023, 2022 and 2021, respectively. Contract Balances The Company recognized revenue of approximately $677 million, $696 million and $668 million, during the years ended December 31, 2023, 2022 and 2021, 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 December 31, 2023, approximately $23.5 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 23% over the next 13 to 24 months, and the balance thereafter.

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

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration