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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Business Acquisitions

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs for the years ended December 31, 2023, 2022 and 2021, comprised of the following (in millions):

						2023						2022						2021
Acquisition and integration						$	48					$	50					$	79
Enterprise transformation, including Future Forward and platform modernization						312						279						107
Severance and other termination expenses, including those associated with enterprise cost control initiatives and changes in senior management						70						89						10
Pending separation of the Worldpay Merchant Solutions business						17						—						—
Stock-based compensation, primarily from certain performance-based awards						15						83						—
Accelerated stock compensation expense - qualified equity retirement program						—						—						155
Other, including divestiture-related expenses and enterprise cost control and other initiatives						20						80						160
Total acquisition, integration and other costs						$	482					$	581					$	511

Amounts in table may not sum due to rounding.

Schedule of Financial Information for the Company's Segments

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.

As of and for the year ended December 31, 2023 (in millions):

			Banking Solutions						Capital Market Solutions						Corporate and Other						Total
Revenue			$	6,733					$	2,766					$	322					$	9,821
Operating expenses			(4,403)						(1,730)						(2,221)						(8,354)
Depreciation and amortization (including purchase accounting amortization)			598						354						791						1,743
Acquisition, integration and other costs			—						—						482						482
Asset impairments			—						—						113						113
Indirect Worldpay business support costs			—						—						167						167
Adjusted EBITDA			$	2,928					$	1,390					$	(346)					$	3,972
Adjusted EBITDA																					$	3,972
Depreciation and amortization																					(1,047)
Purchase accounting amortization																					(696)
Acquisition, integration and other costs																					(482)
Asset impairments																					(113)
Indirect Worldpay business support costs																					(167)
Interest expense, net																					(621)
Other income (expense), net																					(183)
(Provision) benefit for income taxes																					(157)
Net earnings (loss) from discontinued operations, net of tax																					(7,153)
Net earnings attributable to noncontrolling interest																					(7)
Net earnings (loss) attributable to FIS common stockholders																					$	(6,654)
Capital expenditures (1)			$	433					$	269					$	131					$	833

(1) Capital expenditures include $53 million in other financing obligations for certain hardware and software.

As of and for the year ended December 31, 2022 (in millions):

			Banking Solutions						Capital Market Solutions						Corporate and Other						Total
Revenue			$	6,624					$	2,631					$	464					$	9,719
Operating expenses			(4,339)						(1,624)						(2,538)						(8,501)
Depreciation and amortization (including purchase accounting amortization)			597						331						951						1,879
Acquisition, integration and other costs			—						—						581						581
Asset impairments			—						—						103						103
Indirect Worldpay business support costs			—						—						180						180
Adjusted EBITDA			$	2,882					$	1,338					$	(259)					$	3,961
Adjusted EBITDA																					$	3,961
Depreciation and amortization																					(1,101)
Purchase accounting amortization																					(778)
Acquisition, integration and other costs																					(581)
Asset impairments																					(103)
Indirect Worldpay business support costs																					(180)
Interest expense, net																					(281)
Other income (expense), net																					4
(Provision) benefit for income taxes																					(325)
Net earnings (loss) from discontinued operations, net of tax																					(17,324)
Net earnings attributable to noncontrolling interest																					(12)
Net earnings attributable to FIS common stockholders																					$	(16,720)
Capital expenditures (1)			$	502					$	271					$	286					$	1,059

(1) Capital expenditures include $63 million in other financing obligations for certain hardware and software.

As of and for the year ended December 31, 2021 (in millions):

			Banking Solutions						Capital Market Solutions						Corporate and Other						Total
Revenue			$	6,361					$	2,495					$	483					$	9,339
Operating expenses			(4,051)						(1,577)						(2,671)						(8,299)
Depreciation and amortization (including purchase accounting amortization)			584						317						970						1,871
Acquisition, integration and other costs			—						—						511						511
Asset impairments			—						—						194						194
Indirect Worldpay business support costs			—						—						153						153
Adjusted EBITDA			$	2,894					$	1,235					$	(360)					3,769
Adjusted EBITDA																					$	3,769
Depreciation and amortization																					(1,035)
Purchase accounting amortization																					(836)
Acquisition, integration and other costs																					(511)
Asset impairments																					(194)
Indirect Worldpay business support costs																					(153)
Interest expense, net																					(212)
Other income (expense), net																					(109)
(Provision) benefit for income taxes																					(403)
Net earnings (loss) from discontinued operations																					102
Equity method investment earnings (loss)																					6
Net earnings attributable to noncontrolling interest																					(7)
Net earnings attributable to FIS common stockholders																					$	417
Capital expenditures (1)			$	446					$	221					$	286					$	953

(1) Capital expenditures include $35 million in other financing obligations for certain hardware and software.

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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