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Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Business Acquisitions

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs for the years ended December 31, 2024, 2023 and 2022, comprised of the following (in millions):

						2024						2023						2022
Acquisition and integration						$	88					$	48					$	50
Enterprise transformation, including Future Forward and platform modernization						262						312						279
Severance and other termination expenses						56						70						89
Separation of the Worldpay Merchant Solutions business						148						17						—
Incremental stock compensation directly attributable to specific programs						58						15						83
Other, including divestiture-related expenses and enterprise cost control and other initiatives						12						20						80
Total acquisition, integration and other costs						$	624					$	482					$	581

Amounts in table may not sum due to rounding.

Schedule of Financial Information for the Company's Segments

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 year ended December 31, 2024 (in millions):

			Banking Solutions						Capital Market Solutions						Corporate and Other						Total
Revenue			$	6,892					$	2,979					$	256					$	10,127
Direct cost of revenue			(1,038)						(168)						(61)						(1,267)
Net personnel costs			(1,867)						(914)						(889)						(3,670)
Infrastructure costs			(255)						(88)						(571)						(914)
Allocated costs			(554)						(237)						791						—
Other costs			(146)						(53)						59						(140)
Adjusted EBITDA			$	3,032					$	1,519					$	(415)					$	4,136
Adjusted EBITDA																					$	4,136
Depreciation and amortization																					(1,062)
Purchase accounting amortization																					(675)
Acquisition, integration and other costs																					(624)
Asset impairments																					(52)
Indirect Worldpay business support costs																					(14)
Interest expense, net																					(250)
Other income (expense), net																					(162)
(Provision) benefit for income taxes																					(362)
Equity method investment earnings (loss), net of tax																					(145)
Net earnings (loss) from discontinued operations, net of tax																					663
Net earnings attributable to noncontrolling interest																					(3)
Net earnings (loss) attributable to FIS																					$	1,450
Capital expenditures (1)			$	625					$	350					$	29					$	1,004
Depreciation and amortization (including purchase accounting amortization)			$	638					$	387					$	712					$	1,737

(1) Capital expenditures include $187 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.

For the year ended December 31, 2023 (in millions):

			Banking Solutions						Capital Market Solutions						Corporate and Other						Total
Revenue			$	6,743					$	2,766					$	322					$	9,831
Direct cost of revenue			(1,036)						(180)						(48)						(1,264)
Net personnel costs			(1,833)						(844)						(912)						(3,589)
Infrastructure costs			(283)						(86)						(464)						(833)
Allocated costs			(564)						(226)						790						—
Other costs			(119)						(40)						(34)						(193)
Adjusted EBITDA			$	2,908					$	1,390					$	(346)					$	3,952
Adjusted EBITDA																					$	3,952
Depreciation and amortization																					(1,047)
Purchase accounting amortization																					(696)
Acquisition, integration and other costs																					(482)
Asset impairments																					(113)
Indirect Worldpay business support costs																					(167)
Interest expense, net																					(621)
Other income (expense), net																					(164)
(Provision) benefit for income taxes																					(157)
Net earnings (loss) from discontinued operations, net of tax																					(7,153)
Net earnings attributable to noncontrolling interest																					(7)
Net earnings attributable to FIS																					$	(6,655)
Capital expenditures (1)			$	433					$	269					$	131					$	833
Depreciation and amortization (including purchase accounting amortization)			$	598					$	354					$	791					$	1,743

(1) Capital expenditures include $53 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.

For the year ended December 31, 2022 (in millions):

			Banking Solutions						Capital Market Solutions						Corporate and Other						Total
Revenue			$	6,625					$	2,631					$	464					$	9,720
Direct cost of revenue			(986)						(176)						(148)						(1,310)
Net personnel costs			(1,749)						(802)						(987)						(3,538)
Infrastructure costs			(249)						(69)						(491)						(809)
Allocated costs			(703)						(218)						921						—
Other costs			(98)						(28)						(18)						(144)
Adjusted EBITDA			$	2,840					$	1,338					$	(259)					3,919
Adjusted EBITDA																					$	3,919
Depreciation and amortization																					(1,101)
Purchase accounting amortization																					(778)
Acquisition, integration and other costs																					(581)
Asset impairments																					(103)
Indirect Worldpay business support costs																					(180)
Interest expense, net																					(281)
Other income (expense), net																					3
(Provision) benefit for income taxes																					(314)
Net earnings (loss) from discontinued operations																					(17,324)
Net earnings attributable to noncontrolling interest																					(12)
Net earnings attributable to FIS																					$	(16,752)
Capital expenditures (1)			$	502					$	271					$	286					$	1,059
Depreciation and amortization (including purchase accounting amortization)			$	597					$	331					$	951					$	1,879

(1) Capital expenditures include $63 million of certain hardware and software purchases subject to financing or other long-term payment arrangements.

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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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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