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Discontinued Operations | 12 Months Ended
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Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations 2024 Sale of 55% Equity Interest in Worldpay Merchant Solutions Business As discussed in Note 1, the Company completed the 2024 Worldpay Sale on January 31, 2024. The results of the Worldpay Merchant Solutions business prior to the closing of the 2024 Worldpay Sale, as well as subsequent adjustments for the resolution of related contingencies, have been presented as discontinued operations. There were no earnings (loss) from discontinued operations during the year ended December 31, 2025. The following table presents a reconciliation of the major components of Earnings (loss) from discontinued operations, net of tax, presented in the consolidated statements of earnings (loss), reflecting activity for the years ended December 31, 2025, 2024 and 2023 (in millions). The Company's presentation of earnings (loss) from discontinued operations excludes general corporate overhead costs that were historically allocated to the Worldpay Merchant Solutions business. Additionally, beginning on July 5, 2023, the Company ceased amortization of long-lived assets held for sale in accordance with FASB ASC Topic 360, Property, Plant and Equipment.
| 2025 |  | 2024 |  | 2023
Major components of earnings (loss) from discontinued operations before income taxes: |  |  |  |  |
Revenue | $ | — |  |  | $ | 413 |  |  | $ | 4,859 |
Cost of revenue | — |  |  | (73) |  |  | (1,662) |
Selling, general, and administrative expenses | — |  |  | (158) |  |  | (1,992) |
Asset impairments | — |  |  | — |  |  | (6,844) |
Interest income (expense), net | — |  |  | 3 |  |  | 27 |
Other, net | — |  |  | (6) |  |  | 63 |
Earnings (loss) from discontinued operations related to major components of pre-tax earnings (loss) | — |  |  | 179 |  |  | (5,549) |
Loss on assets held for sale | — |  |  | — |  |  | (1,909) |
Loss on sale of disposal group | — |  |  | (578) |  |  | — |
Earnings (loss) from discontinued operations | — |  |  | (399) |  |  | (7,458) |
Provision (benefit) for income taxes | — |  |  | (1,062) |  |  | (301) |
Earnings (loss) from discontinued operations, net of tax, attributable to FIS | $ | — |  |  | $ | 663 |  |  | $ | (7,157) |
During the year ended December 31, 2023, we recorded a $1.9 billion loss on assets held for sale related to the Worldpay Merchant Solutions reporting unit to reduce its carrying value to its estimated fair value less estimated costs to sell, primarily as a result of the exclusion of certain deferred tax liabilities that were not expected to be transferred in the transaction. This amount was subsequently updated until the closing of the 2024 Worldpay Sale. As a result of the 2024 Worldpay Sale, during the year ended December 31, 2024, we recorded a loss on sale of disposal group of $578 million, including the impact of post-closing adjustments. We also recorded a cumulative tax benefit of $1.1 billion in connection with the 2024 Worldpay Sale, primarily from the release of U.S. deferred tax liabilities that were not transferred in the 2024 Worldpay Sale, net of the estimated U.S. tax cost that the Company expects to incur as a result of the 2024 Worldpay Sale. Additionally, as part of the 2024 Worldpay Sale, the Company obtained the right to receive up to $1.0 billion of consideration contingent on the returns realized by the Buyer exceeding certain thresholds ("2024 Worldpay Sale contingent consideration"). The Company recognized this financial instrument as a derivative. As a result of the 2026 Worldpay Minority Interest Sale, Buyer’s returns will not exceed the thresholds necessary to earn this contingent consideration. See Note 15 for further information.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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