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Revenue
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
As a result of our ongoing portfolio assessments, the Company 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 three months ended March 31, 2024 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,431 $445 $41 $1,917 
All others253 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 maintenance91 143 — 234 
Other recurring64 22 10 96 
Total recurring1,419 536 57 2,012 
Software license50 74 — 124 
Professional services132 96 1 229 
Other non-recurring fees83 — 19 102 
Total$1,684 $706 $77 $2,467 

For the three months ended March 31, 2023 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,420 $425 $47 $1,892 
All others226 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 maintenance90 129 — 219 
Other recurring54 19 10 83 
Total recurring1,369 490 77 1,936 
Software license12 73 — 85 
Professional services154 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.

Contract Balances

The Company recognized revenue of $325 million and $314 million during the three months ended March 31, 2024 and 2023, 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 March 31, 2024, approximately $22.5 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 31% 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.