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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | For the three months ended March 31, 2024 (in millions):
|  |  |  | Capital |  |  |  |  |  |
|  | Banking |  | Market |  | Corporate |  |  |  |
|  | Solutions |  | Solutions |  | and Other |  | Total |  |
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,431 |  |  | $ | 445 |  |  | $ | 41 |  |  | $ | 1,917 |  |  |
All others |  | 253 |  |  | 261 |  |  | 36 |  |  | 550 |  |  |
Total |  | $ | 1,684 |  |  | $ | 706 |  |  | $ | 77 |  |  | $ | 2,467 |  |  |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 1,264 |  |  | $ | 371 |  |  | $ | 47 |  |  | $ | 1,682 |  |  |
Software maintenance |  | 91 |  |  | 143 |  |  | — |  |  | 234 |  |  |
Other recurring |  | 64 |  |  | 22 |  |  | 10 |  |  | 96 |  |  |
Total recurring |  | 1,419 |  |  | 536 |  |  | 57 |  |  | 2,012 |  |  |
Software license |  | 50 |  |  | 74 |  |  | — |  |  | 124 |  |  |
Professional services |  | 132 |  |  | 96 |  |  | 1 |  |  | 229 |  |  |
Other non-recurring fees |  | 83 |  |  | — |  |  | 19 |  |  | 102 |  |  |
Total |  | $ | 1,684 |  |  | $ | 706 |  |  | $ | 77 |  |  | $ | 2,467 |  |  |
For the three months ended March 31, 2023 (in millions):
|  |  |  | Capital |  |  |  |  |  |
|  | Banking |  | Market |  | Corporate |  |  |  |
|  | Solutions |  | Solutions |  | and Other |  | Total |  |
Primary Geographical Markets: |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,420 |  |  | $ | 425 |  |  | $ | 47 |  |  | $ | 1,892 |  |  |
All others |  | 226 |  |  | 238 |  |  | 41 |  |  | 505 |  |  |
Total |  | $ | 1,646 |  |  | $ | 663 |  |  | $ | 88 |  |  | $ | 2,397 |  |  |
Type of Revenue: |  |  |  |  |  |  |  |  |  |
Recurring revenue: |  |  |  |  |  |  |  |  |  |
Transaction processing and services |  | $ | 1,225 |  |  | $ | 342 |  |  | $ | 67 |  |  | $ | 1,634 |  |  |
Software maintenance |  | 90 |  |  | 129 |  |  | — |  |  | 219 |  |  |
Other recurring |  | 54 |  |  | 19 |  |  | 10 |  |  | 83 |  |  |
Total recurring |  | 1,369 |  |  | 490 |  |  | 77 |  |  | 1,936 |  |  |
Software license |  | 12 |  |  | 73 |  |  | — |  |  | 85 |  |  |
Professional services |  | 154 |  |  | 100 |  |  | 2 |  |  | 256 |  |  |
Other non-recurring fees (1) |  | 111 |  |  | — |  |  | 9 |  |  | 120 |  |  |
Total |  | $ | 1,646 |  |  | $ | 663 |  |  | $ | 88 |  |  | $ | 2,397 |  |  |
(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 $38 million for the three months ended March 31, 2023.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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