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Revision of Prior-Period Consolidated Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The following tables set forth our revisions to the consolidated statement of earnings (loss) and comprehensive earnings (loss) for each of the years ended December 31, 2023 and 2022 (in millions).
|  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022
|  | As reported |  | Adjustment |  | As revised |  | As reported |  | Adjustment |  | As revised
Revenue |  | $ | 9,821 |  |  | $ | 10 |  |  | $ | 9,831 |  |  | $ | 9,719 |  |  | $ | 1 |  |  | $ | 9,720 |
Cost of revenue |  | 6,145 |  |  | 30 |  |  | 6,175 |  |  | 6,216 |  |  | 43 |  |  | 6,259 |
Operating income |  | 1,467 |  |  | (20) |  |  | 1,447 |  |  | 1,218 |  |  | (42) |  |  | 1,176 |
Other income (expense), net |  | (183) |  |  | 18 |  |  | (164) |  |  | 4 |  |  | (2) |  |  | 3 |
Earnings (loss) before income taxes and equity method investment earnings (loss) |  | 663 |  |  | (2) |  |  | 662 |  |  | 941 |  |  | (44) |  |  | 898 |
Provision (benefit) for income tax |  | 157 |  |  | (1) |  |  | 157 |  |  | 325 |  |  | (11) |  |  | 314 |
Net earnings (loss) from continuing operations |  | 506 |  |  | (1) |  |  | 505 |  |  | 616 |  |  | (33) |  |  | 584 |
Net earnings (loss) attributable to FIS |  | (6,654) |  |  | (1) |  |  | (6,655) |  |  | (16,720) |  |  | (33) |  |  | (16,752) |
Net earnings (loss) attributable to FIS from continuing operations |  | 503 |  |  | (1) |  |  | 502 |  |  | 608 |  |  | (33) |  |  | 576 |
Basic earnings (loss) per common share attributable to FIS from continuing operations |  | 0.85 |  |  | — |  |  | 0.85 |  |  | 1.01 |  |  | (0.05) |  |  | 0.95 |
Basic earnings (loss) per common share attributable to FIS |  | (11.26) |  |  | — |  |  | (11.26) |  |  | (27.68) |  |  | (0.05) |  |  | (27.74) |
Diluted earnings (loss) per common share attributable to FIS from continuing operations |  | 0.85 |  |  | — |  |  | 0.85 |  |  | 1.01 |  |  | (0.05) |  |  | 0.95 |
Diluted earnings (loss) per common share attributable to FIS |  | (11.26) |  |  | — |  |  | (11.26) |  |  | (27.68) |  |  | (0.05) |  |  | (27.74) |
Net earnings (loss) |  | (6,647) |  |  | (1) |  |  | (6,648) |  |  | (16,708) |  |  | (33) |  |  | (16,740) |
Comprehensive earnings (loss) |  | (6,547) |  |  | (1) |  |  | (6,548) |  |  | (17,320) |  |  | (33) |  |  | (17,352) |
Comprehensive earnings (loss) attributable to FIS |  | (6,554) |  |  | (1) |  |  | (6,555) |  |  | (17,332) |  |  | (33) |  |  | (17,364) |
Amounts in tables may not sum or calculate due to rounding. The following table sets forth our revisions to the consolidated balance sheet as of December 31, 2023 (in millions).
|  | December 31, 2023
|  | As reported |  | Adjustment |  | As revised
Trade receivables, net of allowance for credit losses of $31 |  | $ | 1,730 |  |  | $ | 8 |  |  | $ | 1,738 |
Other receivables |  | 287 |  |  | (178) |  |  | 109 |
Prepaid expenses and other current assets |  | 603 |  |  | 38 |  |  | 641 |
Total current assets |  | 13,788 |  |  | (132) |  |  | 13,656 |
Total assets |  | 55,105 |  |  | (132) |  |  | 54,973 |
Accounts payable, accrued and other liabilities |  | 1,859 |  |  | (86) |  |  | 1,773 |
Deferred revenue |  | 832 |  |  | (3) |  |  | 829 |
Total current liabilities |  | 18,318 |  |  | (89) |  |  | 18,229 |
Total liabilities |  | 36,006 |  |  | (89) |  |  | 35,917 |
(Accumulated deficit) retained earnings |  | (22,864) |  |  | (42) |  |  | (22,905) |
Total FIS stockholders' equity |  | 19,093 |  |  | (43) |  |  | 19,050 |
Total equity |  | 19,099 |  |  | (43) |  |  | 19,056 |
Total liabilities and equity |  | 55,105 |  |  | (132) |  |  | 54,973 |
Amounts in tables may not sum or calculate due to rounding. The following table sets forth our revisions to the consolidated statements of equity (deficit) for years ended December 31, 2023 and 2022 (in millions).
|  | (Accumulated deficit) / Retained earnings |  | Total equity
|  | As reported |  | Adjustment |  | As revised |  | As reported |  | Adjustment |  | As revised
Balances at December 31, 2021 |  | $ | 2,889 |  |  | $ | (8) |  |  | $ | 2,881 |  |  | $ | 47,358 |  |  | $ | (8) |  |  | $ | 47,350 |
Issuance of restricted stock |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Exercise of stock options |  | — |  |  | — |  |  | — |  |  | 61 |  |  | — |  |  | 61 |
Purchases of treasury stock |  | — |  |  | — |  |  | — |  |  | (1,829) |  |  | — |  |  | (1,829) |
Treasury shares held for taxes due upon exercise of stock awards |  | — |  |  | — |  |  | — |  |  | (109) |  |  | — |  |  | (109) |
Stock-based compensation |  | — |  |  | — |  |  | — |  |  | 215 |  |  | — |  |  | 215 |
Cash dividends declared ($1.88 per share) and other distributions |  | (1,140) |  |  | — |  |  | (1,140) |  |  | (1,150) |  |  | — |  |  | (1,150) |
Net earnings (loss) |  | (16,720) |  |  | (32) |  |  | (16,752) |  |  | (16,713) |  |  | (32) |  |  | (16,745) |
Other comprehensive earnings (loss), net of tax |  | — |  |  | — |  |  | — |  |  | (612) |  |  | — |  |  | (612) |
Balances at December 31, 2022 |  | (14,971) |  |  | (40) |  |  | (15,011) |  |  | 27,226 |  |  | (40) |  |  | 27,186 |
Issuance of restricted stock |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Exercise of stock options |  | — |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Purchases of treasury stock |  | — |  |  | — |  |  | — |  |  | (510) |  |  | — |  |  | (510) |
Treasury shares held for taxes due upon exercise of stock awards |  | — |  |  | — |  |  | — |  |  | (22) |  |  | — |  |  | (22) |
Stock-based compensation |  | — |  |  | — |  |  | — |  |  | 153 |  |  | — |  |  | 153 |
Cash dividends declared ($2.08 per share) and other distributions |  | (1,239) |  |  | — |  |  | (1,239) |  |  | (1,248) |  |  | — |  |  | (1,248) |
Other |  | — |  |  | — |  |  | — |  |  | 7 |  |  | (2) |  |  | 5 |
Net earnings (loss) |  | (6,654) |  |  | (1) |  |  | (6,655) |  |  | (6,647) |  |  | (1) |  |  | (6,648) |
Other comprehensive earnings (loss), net of tax |  | — |  |  | — |  |  | — |  |  | 100 |  |  | — |  |  | 100 |
Balances at December 31, 2023 |  | (22,864) |  |  | (41) |  |  | (22,905) |  |  | 19,099 |  |  | (43) |  |  | 19,056 |
Amounts in tables may not sum or calculate due to rounding.

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
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