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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 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.

 
 202320222021
Major components of discontinued operations before income taxes:
Revenue$4,859 $4,809 $4,538 
Cost of revenue(1,662)(2,604)(2,640)
Selling, general, and administrative expenses(1,992)(1,936)(1,876)
Asset impairments(6,844)(17,606)(8)
Interest income (expense), net27 6 (2)
Other, net63 55 53 
Earnings (loss) from discontinued operations related to major classes of pre-tax earnings(loss)(5,549)(17,276)65 
Loss on assets held for sale(1,909)— — 
Earnings (loss) from discontinued operations(7,458)(17,276)65 
Provision (benefit) for income taxes(301)52 (32)
Earnings (loss) from discontinued operations, net of tax attributable to FIS$(7,157)$(17,328)$97 
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 December 31, 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.
December 31, 2023December 31, 2022
Major classes of assets included in discontinued operations:  
Cash and cash equivalents$1,380 $1,732 
Settlement assets6,727 5,264 
Trade receivables, net of allowance for credit losses of $52 and $44, respectively
1,843 1,864 
Prepaid expenses and other current assets161 130 
Total current assets10,111 8,990 
Property and equipment, net207 153 
Goodwill10,906 17,460 
Intangible assets, net5,971 6,488 
Software, net1,321 1,183 
Other noncurrent assets (1)613 480 
Total noncurrent assets19,018 25,764 
Less valuation allowance(1,909)— 
Total assets of the disposal group classified as held for sale$27,220 $34,754 
  
Major classes of liabilities included in discontinued operations:  
Accounts payable, accrued and other liabilities$998 $1,171 
Settlement payables7,821 6,140 
Other current liabilities65 55 
Total current liabilities8,884 7,366 
Deferred income taxes599 861 
Other noncurrent liabilities494 510 
Total noncurrent liabilities1,093 1,371 
Total liabilities of the disposal group classified as held for sale$9,977 $8,737 

(1)During January 2024, the Company agreed to include in the Worldpay Sale an equity security investment with a book value of $30 million. As of September 30, 2023, the value of this investment had been properly recorded as Other noncurrent assets within continuing operations on the consolidated balance sheets at September 30, 2023, and December 31, 2022. As a result of the subsequent decision to convey this asset in the Worldpay Sale, the amount of this asset has been reclassified and is now presented within these financial statements as Noncurrent assets held for sale at December 31, 2023 and 2022, and is shown in the table above within Other noncurrent assets within discontinued operations.

The following table presents cash flows from operating and investing activities for discontinued operations (in millions).
December 31,
202320222021
Cash provided by (used in) operating activities - discontinued operations$2,257 $2,317 $2,539 
Cash provided by (used in) investing activities - discontinued operations (1)$(342)$(147)$(1,081)
Cash provided by (used in) financing activities - discontinued operations (2)$(240)$(500)$(144)

(1)Our capital expenditures from discontinued operations for the years ended December 31, 2023, 2022 and 2021, were $342 million, $395 million and $334 million, respectively. The year ended December 31, 2022, includes $269 million net proceeds from the sale of Visa preferred stock.
(2)    Excludes the impact of intercompany cash transactions between the disposal group and other FIS entities, which are eliminated in consolidation.
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):

December 31, 2023December 31, 2022
Settlement assets
Settlement deposits$56 $55 
Merchant float2,594 2,625 
Settlement receivables4,077 2,584 
Total Settlement assets$6,727 $5,264