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Segment Information (Tables)

6 Months Ended

Jun. 30, 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												Six months ended
						June 30,												June 30,
						2024						2023						2024						2023
Acquisition and integration						$	24					$	5					$	49					$	11
Enterprise transformation, including Future Forward and platform modernization						56						74						129						145
Severance and other termination expenses						9						19						27						42
Separation of the Worldpay Merchant Solutions business						80						2						109						2
Incremental stock compensation directly attributable to specific programs						15						4						26						4
Other, including divestiture-related expenses and enterprise cost control and other initiatives						2						9						4						9
Total acquisition, integration and other costs						$	186					$	113					$	344					$	213

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 June 30, 2024 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,710					$	722					$	57					$	2,489
Operating expenses			(1,106)						(452)						(553)						(2,111)
Depreciation and amortization (including purchase accounting amortization)			161						97						172						430
Acquisition, integration and other costs			—						—						186						186
Asset impairments			—						—						4						4
Adjusted EBITDA			$	765					$	367					$	(134)					$	998
Adjusted EBITDA																					$	998
Depreciation and amortization																					(262)
Purchase accounting amortization																					(168)
Acquisition, integration and other costs																					(186)
Asset impairments																					(4)
Interest expense, net																					(43)
Other income (expense), net																					(13)
(Provision) benefit for income taxes																					(89)
Equity method investment earnings (loss), net of tax																					10
Net earnings (loss) from discontinued operations, net of tax																					1
Net earnings attributable to noncontrolling interest																					(1)
Net earnings (loss) attributable to FIS common stockholders																					$	243
Capital expenditures			$	109					$	70					$	4					$	183

For the three months ended June 30, 2023 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	1,666					$	672					$	86					$	2,424
Operating expenses			(1,096)						(423)						(554)						(2,073)
Depreciation and amortization (including purchase accounting amortization)			153						88						198						439
Acquisition, integration and other costs			—						—						113						113
Asset impairments			—						—						1						1
Indirect Worldpay business support costs			—						—						41						41
Adjusted EBITDA			$	723					$	337					$	(115)					$	945
Adjusted EBITDA																					$	945
Depreciation and amortization																					(264)
Purchase accounting amortization																					(175)
Acquisition, integration and other costs																					(113)
Asset impairments																					(1)
Indirect Worldpay business support costs																					(41)
Interest expense, net																					(160)
Other income (expense), net																					(77)
(Provision) benefit for income taxes																					(29)
Net earnings (loss) from discontinued operations, net of tax																					(6,679)
Net earnings attributable to noncontrolling interest																					(2)
Net earnings attributable to FIS common stockholders																					$	(6,596)
Capital expenditures (1)			$	97					$	63					$	37					$	197

(1) Capital expenditures include $20 million in other financing obligations for certain hardware.

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

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	3,394					$	1,428					$	135					$	4,957
Operating expenses			(2,204)						(925)						(1,089)						(4,218)
Depreciation and amortization (including purchase accounting amortization)			321						199						339						859
Acquisition, integration and other costs			—						—						344						344
Asset impairments			—						—						18						18
Indirect Worldpay business support costs			—						—						14						14
Adjusted EBITDA			$	1,511					$	702					$	(239)					$	1,974
Adjusted EBITDA																					$	1,974
Depreciation and amortization																					(525)
Purchase accounting amortization																					(334)
Acquisition, integration and other costs																					(344)
Asset impairments																					(18)
Indirect Worldpay business support costs																					(14)
Interest expense,net																					(120)
Other income (expense), net																					(167)
(Provision) benefit for income taxes																					(116)
Equity method investment earnings (loss), net of tax																					(76)
Net earnings (loss) from discontinued operations, net of tax																					709
Net earnings attributable to noncontrolling interest																					(1)
Net earnings (loss) attributable to FIS common stockholders																					$	968
Capital expenditures			$	227					$	146					$	12					$	385

For the six months ended June 30, 2023 (in millions):

									Capital
			Banking						Market						Corporate
			Solutions						Solutions						and Other						Total
Revenue			$	3,312					$	1,335					$	174					$	4,821
Operating expenses			(2,225)						(859)						(1,076)						(4,160)
Depreciation and amortization (including purchase accounting amortization)			307						181						398						886
Acquisition, integration and other costs			—						—						213						213
Asset impairments			—						—						1						1
Indirect Worldpay business support costs			—						—						83						83
Adjusted EBITDA			$	1,394					$	657					$	(207)					$	1,844
Adjusted EBITDA																					$	1,844
Depreciation and amortization																					(535)
Purchase accounting amortization																					(351)
Acquisition, integration and other costs																					(213)
Asset impairments																					(1)
Indirect Worldpay business support costs																					(83)
Interest expense, net																					(302)
Other income (expense), net																					(113)
(Provision) benefit for income taxes																					(65)
Net earnings (loss) from discontinued operations, net of tax																					(6,634)
Net earnings attributable to noncontrolling interest																					(3)
Net earnings attributable to FIS common stockholders																					$	(6,456)
Capital expenditures (1)			$	194					$	127					$	70					$	391

(1) Capital expenditures include $20 million in other financing obligations for certain hardware.

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.

+ References

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-Name Accounting Standards Codification
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-SubTopic 10
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- Definition

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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