XML 68 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Information on segments and reconciliations to consolidated revenues, consolidated operating expenses, consolidated operating income and consolidated depreciation and amortization were as follows:

			Years Ended December 31,
			2024						2023						2022
			(in thousands)
Revenues(1):
Merchant Solutions			$	7,688,703					$	7,151,793					$	6,204,917
Issuer Solutions			2,483,657						2,398,870						2,245,623
Consumer Solutions			—						182,740						620,482
Intersegment eliminations			(66,466)						(78,984)						(95,507)
Consolidated revenues			$	10,105,894					$	9,654,419					$	8,975,515
Operating expenses(1):
Merchant Solutions:
Cost of service			$	2,008,126					$	1,925,880					$	1,798,300
Selling, general and administrative			3,067,662						2,880,658						2,366,362
Total Merchant Solutions expenses			5,075,788						4,806,538						4,164,662
Issuer Solutions:
Cost of service			1,795,001						1,738,047						1,633,708
Selling, general and administrative			246,214						251,016						255,700
Total Issuer Solutions expenses			2,041,215						1,989,063						1,889,408
Consumer Solutions(2)			—						186,648						566,888
Corporate			994,886						898,024						777,744
Intersegment eliminations			(66,466)						(78,984)						(95,507)
Operating income (loss)(1):
Merchant Solutions			$	2,612,915					$	2,345,255					$	2,040,255
Issuer Solutions			442,442						409,807						356,215
Consumer Solutions			—						(3,908)						53,594
Corporate			(994,886)						(898,024)						(777,744)
Impairment of goodwill			—						—						(833,075)
Net gain (loss) on business dispositions			273,134						(136,744)						(199,094)
Consolidated operating income			$	2,333,605					$	1,716,386					$	640,151
Depreciation and amortization(1):
Merchant Solutions			$	1,179,845					$	1,109,186					$	981,297
Issuer Solutions			658,186						646,118						623,755
Consumer Solutions			—						—						35,773
Corporate			24,300						21,388						21,630
Consolidated depreciation and amortization			$	1,862,331					$	1,776,692					$	1,662,455

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

Operating income and operating expenses included acquisition and integration expenses of $211.6 million, $341.9 million and $259.2 million for the years ended December 31, 2024, 2023 and 2022, respectively, which were primarily included within Corporate selling, general and administrative expenses. For the years ended December 31, 2024, 2023 and 2022, operating expenses for Corporate also included $13.4 million, $18.5 million and $47.1 million, respectively, of other charges related to facilities exit activities as a result of actions taken to reduce our facility footprint in certain markets around the world.

During the year ended December 31, 2024, Corporate operating expenses also reflected costs of $99.1 million associated with our business transformation initiative, employee termination benefits of $99.6 million, which included $19.4 million of share-based compensation expense, and charges of $55.8 million for technology assets that will no longer be utilized under a revised technology architecture development strategy. These charges are presented within selling, general and administrative expenses in our consolidated statements of income.

(2) Prior to the disposition of the consumer portion of our Netspend business, the information provided to the CODM included segment revenue and operating income, but not cost of service or selling, general and administrative expense. Therefore, the segment expense detail is not provided for the Consumer Solutions business.

Schedule of Long-Lived Assets by Geographic Regions

Long-lived assets, excluding goodwill and other intangible assets, by location as of December 31, 2024 and 2023 were as follows:

			2024						2023
			(in thousands)
United States			$	1,725,811					$	1,672,532
Foreign countries			551,782						517,473
			$	2,277,593					$	2,190,005

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration