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Revenue
 6 Months Ended
Jun. 30, 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 June 30, 2024 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,470 $452 $23 $1,945 
All others240 270 34 544 
Total$1,710 $722 $57 $2,489 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,270 $366 $43 $1,679 
Software maintenance90 143 1 234 
Other recurring68 22 9 99 
Total recurring1,428 531 53 2,012 
Software license37 91 — 128 
Professional services136 99 1 236 
Other non-recurring fees109 1 3 113 
Total$1,710 $722 $57 $2,489 
For the three months ended June 30, 2023 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,437 $424 $47 $1,908 
All others229 248 39 516 
Total$1,666 $672 $86 $2,424 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,235 $346 $65 $1,646 
Software maintenance91 130 — 221 
Other recurring62 20 10 92 
Total recurring1,388 496 75 1,959 
Software license19 79 — 98 
Professional services156 97 2 255 
Other non-recurring fees (1)103 — 9 112 
Total$1,666 $672 $86 $2,424 

For the six months ended June 30, 2024 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$2,902 $897 $64 $3,863 
All others492 531 71 1,094 
Total$3,394 $1,428 $135 $4,957 
Type of Revenue:
Recurring revenue:
Transaction processing and services$2,534 $736 $90 $3,360 
Software maintenance180 286 1 467 
Other recurring132 45 19 196 
Total recurring2,846 1,067 110 4,023 
Software license87 165 — 252 
Professional services268 195 2 465 
Other non-recurring fees193 1 23 217 
Total$3,394 $1,428 $135 $4,957 
For the six months ended June 30, 2023 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$2,857 $849 $95 $3,801 
All others455 486 79 1,020 
Total$3,312 $1,335 $174 $4,821 
Type of Revenue:
Recurring revenue:
Transaction processing and services$2,460 $686 $131 $3,277 
Software maintenance181 260 1 442 
Other recurring116 39 20 175 
Total recurring2,757 985 152 3,894 
Software license30 152 — 182 
Professional services311 197 5 513 
Other non-recurring fees (1)214 1 17 232 
Total$3,312 $1,335 $174 $4,821 

(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 $11 million and $49 million for the three and six months ended June 30, 2023, respectively.

Contract Balances

The Company recognized revenue of $202 million and $184 million during the three months, and $528 million and $498 million during the six months, ended June 30, 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 June 30, 2024, approximately $22.5 billion of revenue is estimated to be recognized in the future from the Company's remaining unfulfilled performance obligations, which are primarily comprised of recurring account- and volume-based processing services. This excludes the amount of anticipated recurring renewals that are not yet contractually obligated. The Company expects to recognize approximately 32% of our remaining performance obligations over the next 12 months, approximately another 24% over the next 13 to 24 months, and the balance thereafter.