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Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2024
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 Earnings (loss) from discontinued operations, net of tax, presented in the consolidated statements of earnings (loss), reflecting activity through January 31, 2024 (the date the Worldpay Sale closed) (in millions). The Company's presentation of earnings (loss) from discontinued operations excludes general corporate overhead costs that were historically allocated to the Worldpay Merchant Solutions business. Additionally, beginning on July 5, 2023, the Company stopped amortization of long-lived assets held for sale in accordance with ASC 360.

 One monthThree months
endedended
January 31, 2024March 31, 2023
Major components of earnings (loss) from discontinued operations before income taxes:
Revenue$403 $1,113 
Cost of revenue(63)(600)
Selling, general, and administrative expenses(155)(487)
Interest income (expense), net1 5 
Other, net(4)24 
Earnings (loss) from discontinued operations related to major components of pretax earnings (loss)182 55 
Loss on sale of disposal group(466)— 
Earnings (loss) from discontinued operations(284)55 
Provision (benefit) for income taxes(991)11 
Earnings (loss) from discontinued operations, net of tax attributable to FIS$707 $44 
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 March 31, 2024, and December 31, 2023 (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.
March 31, 2024December 31, 2023
Major classes of assets included in discontinued operations: 
Cash and cash equivalents$47 $1,380 
Settlement assets891 6,727 
Trade receivables, net of allowance for credit losses of $— and $52
3 1,843 
Prepaid expenses and other current assets1 161 
Total current assets942 10,111 
Property and equipment, net— 207 
Goodwill17 10,906 
Intangible assets, net— 5,971 
Software, net— 1,321 
Other noncurrent assets2 613 
Total noncurrent assets19 19,018 
Less valuation allowance— (1,909)
Total assets of the disposal group classified as held for sale$961 $27,220 
 
Major classes of liabilities included in discontinued operations: 
Accounts payable, accrued and other liabilities$3 $998 
Settlement payables (1)891 7,821 
Other current liabilities— 65 
Total current liabilities894 8,884 
Deferred income taxes— 599 
Other noncurrent liabilities— 494 
Total noncurrent liabilities— 1,093 
Total liabilities of the disposal group classified as held for sale$894 $9,977 

(1)As of March 31, 2024, Settlement payables includes $101 million due to Payrix, a subsidiary of Worldpay, which is a related party.
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):

March 31, 2024December 31, 2023
Settlement assets
Settlement deposits$— $56 
Merchant float792 2,594 
Settlement receivables99 4,077 
Total Settlement assets$891 $6,727