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SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
During 2022, as a result of the pending divestiture of the consumer business and changes in how the business is managed, we realigned the businesses previously comprising our Business and Consumer Solutions segment to include the business-to-business portion within our Issuer Solutions segment and the consumer portion forming our Consumer Solutions segment. The presentation of segment information for the three months ended June 30, 2022 has been recast to align with the segment presentation for the three months ended June 30, 2023. As described in "Note 3 - Business Dispositions," during the second quarter of 2023, we completed the sale of the consumer portion of our Netspend business, which comprised of our former Consumer Solutions segment. Our reportable segments now include: Merchant Solutions and Issuer Solutions. Our former Consumer Solutions segment is presented below for periods prior to disposition.

We evaluate performance and allocate resources based on the operating income of each operating segment. The operating income of each operating segment includes the revenues of the segment less expenses that are directly related to those revenues. Operating overhead, shared costs and share-based compensation costs are included in Corporate. Impairment of goodwill and
gains or losses on business dispositions are not included in segment operating income. Interest and other income, interest and other expense, income tax expense and equity in income of equity method investments, net of tax, are not allocated to the individual segments. We do not evaluate the performance of or allocate resources to our operating segments using asset data. The accounting policies of the reportable operating segments are the same as those described in our Annual Report on Form 10-K for the year ended December 31, 2022 and our summary of significant accounting policies in "Note 1—Basis of Presentation and Summary of Significant Accounting Policies."

Information on segments and reconciliations to consolidated revenues, consolidated operating income (loss) and consolidated depreciation and amortization were as follows for the three and six months ended June 30, 2023 and 2022:
Three Months EndedSix Months Ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022
(in thousands)
Revenues:(1)
Merchant Solutions$1,842,293 $1,581,716 $3,447,903 $3,054,735 
Issuer Solutions590,441 559,639 1,161,349 1,096,965 
Consumer Solutions39,031 161,629 182,740 330,744 
Intersegment eliminations(19,296)(22,078)(47,076)(45,284)
 Consolidated revenues$2,452,469 $2,280,906 $4,744,916 $4,437,160 
Operating income (loss)(1):
Merchant Solutions$603,548 $535,359 $1,110,757 $979,889 
Issuer Solutions95,701 77,499 178,511 146,641 
Consumer Solutions1,890 21,942 (3,908)44,560 
Corporate(2)
(204,136)(179,372)(486,790)(339,715)
Impairment of goodwill— (833,075)— (833,075)
Net gain (loss) on business dispositions105,738 (152,211)(139,095)(152,211)
Consolidated operating income (loss)$602,741 $(529,858)$659,475 $(153,911)
Depreciation and amortization:(1)
Merchant Solutions$295,058 $248,891 $536,631 $498,852 
Issuer Solutions161,922 155,807 322,775 310,352 
Consumer Solutions— 17,918 — 35,764 
Corporate5,110 4,960 10,022 11,280 
 Consolidated depreciation and amortization$462,090 $427,576 $869,428 $856,248 

(1) Revenues, operating income (loss) and depreciation and amortization reflect the effects of acquired businesses from the respective acquisition dates and the effects of divested businesses through the respective disposal dates. See “Note 2—Acquisition” and “Note 3—Business Dispositions” for further discussion.

(2) Operating loss for Corporate included acquisition and integration expenses of $60.2 million and $61.4 million for the three months ended June 30, 2023 and 2022, respectively. Operating loss for Corporate included acquisition and integration expenses of $148.0 million and $109.5 million for the six months ended June 30, 2023 and 2022, respectively.