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Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of business acquisitions, by acquisition

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs comprised of the following (in millions):

						Three months ended
						March 31,
						2024						2023
Acquisition and integration						$	24					$	6
Enterprise transformation, including Future Forward and platform modernization						73						71
Severance and other termination expenses						18						23
Separation of the Worldpay Merchant Solutions business						30						—
Incremental stock compensation directly attributable to specific programs						11						—
Other, including divestiture-related expenses and enterprise cost control and other initiatives						2						—
Total acquisition, integration and other costs						$	158					$	100

Amounts in table may not sum due to rounding.

Schedule of Segment Information

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.

For the three months ended March 31, 2024 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,684					$	706					$	77					$	2,467
Operating expenses			(1,098)						(473)						(535)						(2,106)
Depreciation and amortization (including purchase accounting amortization)			159						102						167						428
Acquisition, integration and other costs			—						—						158						158
Asset impairments			—						—						14						14
Indirect Worldpay business support costs			—						—						14						14
Adjusted EBITDA			$	745					$	335					$	(105)					$	975
Adjusted EBITDA																					$	975
Depreciation and amortization																					(263)
Purchase accounting amortization																					(165)
Acquisition, integration and other costs																					(158)
Asset impairments																					(14)
Indirect Worldpay business support costs																					(14)
Interest expense, net																					(77)
Other income (expense), net																					(154)
(Provision) benefit for income taxes																					(26)
Equity method investment earnings (loss), net of tax																					(86)
Net earnings (loss) from discontinued operations, net of tax																					707
Net earnings attributable to noncontrolling interest																					(1)
Net earnings (loss) attributable to FIS common stockholders																					$	724
Capital expenditures			$	118					$	76					$	8					$	202

For the three months ended March 31, 2023 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,646					$	663					$	88					$	2,397
Operating expenses			(1,129)						(436)						(521)						(2,086)
Depreciation and amortization (including purchase accounting amortization)			154						93						200						447
Acquisition, integration and other costs			—						—						100						100
Indirect Worldpay business support costs			—						—						42						42
Adjusted EBITDA			$	671					$	320					$	(91)					$	900
Adjusted EBITDA																					$	900
Depreciation and amortization																					(271)
Purchase accounting amortization																					(176)
Acquisition, integration and other costs																					(100)
Indirect Worldpay business support costs																					(42)
Interest expense, net																					(142)
Other income (expense), net																					(36)
(Provision) benefit for income taxes																					(37)
Net earnings (loss) from discontinued operations, net of tax																					45
Net earnings attributable to noncontrolling interest																					(1)
Net earnings attributable to FIS common stockholders																					$	140
Capital expenditures			$	98					$	63					$	32					$	193

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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