Fidelity National Information Services (FIS) 10-Q 4 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-16427
Entity Registrant Name	Fidelity National Information Services, Inc.
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	37-1490331
Entity Address, Street Name	601 Riverside Avenue
Entity Address, City	Jacksonville
Entity Address, State	FL
Entity Address, Postal Zip Code	32204
City Area Code	904
Local Phone Number	438-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		619,603,482
Entity Central Index Key	0001136893
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Common Stock, par value $0.01 per share
Document Information
Title of each class	Common Stock, par value $0.01 per share
Trading Symbol	FIS
Security Exchange Name	NYSE
0.400% Senior Notes due 2021
Document Information
Title of each class	0.400% Senior Notes due 2021
Trading Symbol	FIS21A
Security Exchange Name	NYSE
Floating Rate Senior Notes due 2021
Document Information
Title of each class	Floating Rate Senior Notes due 2021
Trading Symbol	FIS21B
Security Exchange Name	NYSE
0.125% Senior Notes due 2021
Document Information
Title of each class	0.125% Senior Notes due 2021
Trading Symbol	FIS21C
Security Exchange Name	NYSE
1.700% Senior Notes due 2022
Document Information
Title of each class	1.700% Senior Notes due 2022
Trading Symbol	FIS22B
Security Exchange Name	NYSE
0.125% Senior Notes due 2022
Document Information
Title of each class	0.125% Senior Notes due 2022
Trading Symbol	FIS22C
Security Exchange Name	NYSE
0.750% Senior Notes due 2023
Document Information
Title of each class	0.750% Senior Notes due 2023
Trading Symbol	FIS23A
Security Exchange Name	NYSE
1.100% Senior Notes due 2024
Document Information
Title of each class	1.100% Senior Notes due 2024
Trading Symbol	FIS24A
Security Exchange Name	NYSE
2.602% Senior Notes due 2025
Document Information
Title of each class	2.602% Senior Notes due 2025
Trading Symbol	FIS25A
Security Exchange Name	NYSE
0.625% Senior Notes due 2025
Document Information
Title of each class	0.625% Senior Notes due 2025
Trading Symbol	FIS25B
Security Exchange Name	NYSE
1.500% Senior Notes due 2027
Document Information
Title of each class	1.500% Senior Notes due 2027
Trading Symbol	FIS27
Security Exchange Name	NYSE
1.000% Senior Notes due 2028
Document Information
Title of each class	1.000% Senior Notes due 2028
Trading Symbol	FIS28
Security Exchange Name	NYSE
2.250% Senior Notes due 2029
Document Information
Title of each class	2.250% Senior Notes due 2029
Trading Symbol	FIS29
Security Exchange Name	NYSE
2.000% Senior Notes due 2030
Document Information
Title of each class	2.000% Senior Notes due 2030
Trading Symbol	FIS30
Security Exchange Name	NYSE
3.360% Senior Notes due 2031
Document Information
Title of each class	3.360% Senior Notes due 2031
Trading Symbol	FIS31
Security Exchange Name	NYSE
2.950% Senior Notes due 2039
Document Information
Title of each class	2.950% Senior Notes due 2039
Trading Symbol	FIS39
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,183	$ 1,152
Settlement deposits and merchant float	2,697	2,882
Trade receivables, net of allowance for credit losses of $65 and $60 at June 30, 2020 and December 31, 2019, respectively	3,104	3,242
Contract assets	150	124
Settlement receivables	834	647
Other receivables	299	337
Prepaid expenses and other current assets	333	308
Total current assets	8,600	8,692
Property and equipment, net	887	900
Goodwill	51,940	52,242
Intangible assets, net	14,589	15,798
Software, net	3,292	3,204
Other noncurrent assets	2,535	2,303
Deferred contract costs, net	799	667
Total assets	82,642	83,806
Current liabilities:
Accounts payable, accrued and other liabilities	2,063	2,374
Settlement payables	4,214	4,228
Deferred revenue	846	817
Short-term borrowings	3,217	2,823
Current portion of long-term debt	1,777	140
Total current liabilities	12,117	10,382
Long-term debt, excluding current portion	14,874	17,229
Deferred income taxes	4,091	4,281
Other noncurrent liabilities	2,287	2,406
Deferred revenue	40	52
Total liabilities	33,409	34,350
Redeemable noncontrolling interest	176	0
FIS stockholders’ equity:
Preferred stock $0.01 par value; 200 shares authorized, none issued and outstanding at June 30, 2020 and December 31, 2019	0	0
Common stock $0.01 par value, 750 shares authorized, 619 and 615 shares issued at June 30, 2020 and December 31, 2019, respectively	6	6
Additional paid in capital	45,736	45,358
Retained earnings	3,753	4,161
Accumulated other comprehensive earnings (loss)	(358)	(33)
Treasury stock, $0.01 par value, 1 common shares as of June 30, 2020 and less than 1 as of December 31, 2019, respectively, at cost	(94)	(52)
Total FIS stockholders’ equity	49,043	49,440
Noncontrolling interest	14
Total equity	49,057	49,456
Total liabilities, redeemable noncontrolling interest and equity	$ 82,642	$ 83,806

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Trade receivables, allowance for credit loss, current	$ 65	$ 60
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	619,000,000	615,000,000
Treasury stock (2019 less than) (in shares)	1,000,000	1,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 2,962	$ 2,112	$ 6,039	$ 4,169
Cost of revenue	2,046	1,404	4,134	2,785
Gross profit	916	708	1,905	1,384
Selling, general, and administrative expenses	870	317	1,751	678
Operating income	46	391	154	706
Other income (expense):
Interest expense, net	(88)	(72)	(167)	(147)
Other income (expense), net	74	(120)	34	(172)
Total other income (expense), net	(14)	(192)	(133)	(319)
Earnings (loss) before income taxes and equity method investment earnings (loss)	32	199	21	387
Provision (benefit) for income taxes	4	40	(27)	72
Equity method investment earnings (loss)	(7)	(4)	(8)	(11)
Net earnings	21	155	40	304
Net (earnings) loss attributable to noncontrolling interest	(2)	(1)	(5)	(2)
Net earnings attributable to FIS common stockholders	$ 19	$ 154	$ 35	$ 302
Net earnings per share — basic attributable to FIS common stockholders (in dollars per share)	$ 0.03	$ 0.48	$ 0.06	$ 0.93
Weighted average shares outstanding — basic (in shares)	618	324	617	323
Net earnings per share — diluted attributable to FIS common stockholders (in dollars per share)	$ 0.03	$ 0.47	$ 0.06	$ 0.92
Weighted average shares outstanding — diluted (in shares)	625	327	625	327

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 21	$ 155	$ 40	$ 304
Other comprehensive earnings (loss), before tax:
Unrealized gain (loss) on derivatives	0	(16)	0	(16)
Adjustment for (gain) loss reclassified to net earnings	0	(4)	0	(4)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax, Total	0	(20)	0	(20)
Foreign currency translation adjustments	(176)	11	(384)	17
Minimum pension liability adjustments	0	0	1	(4)
Other comprehensive earnings (loss), before tax	(176)	(9)	(383)	(7)
Provision for income tax expense (benefit) related to items of other comprehensive earnings	(66)	2	(58)	1
Other comprehensive earnings (loss), net of tax	(110)	(11)	(325)	(8)
Comprehensive earnings (loss)	(89)	144	(285)	296
Net (earnings) loss attributable to noncontrolling interest	(2)	(1)	(5)	(2)
Comprehensive earnings (loss) attributable to FIS common stockholders	$ (91)	$ 143	$ (290)	$ 294

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Equity - USD ($) shares in Millions, $ in Millions	Total	Common stock	Additional paid in capital	Retained earnings	Accumulated other comprehensive earnings (loss)	Treasury stock	Noncontrolling interest
Beginning balance (in shares) at Dec. 31, 2018		433				106
Beginning balance at Dec. 31, 2018	$ 10,222	$ 4	$ 10,800	$ 4,528	$ (430)	$ (4,687)	$ 7
Increase (Decrease) in Stockholders' Equity
Exercise of stock options (in shares)						1
Exercise of stock options	87		44			$ 43
Treasury shares held for taxes due upon exercise of stock options	(23)					$ (23)
Purchases of treasury stock (shares)						(4)
Purchases of treasury stock	(400)					$ (400)
Stock-based compensation	43		43
Cash dividends declared ($0.35 per share per quarter) and other distributions	(228)			(226)			(2)
Other	(5)			(5)
Net earnings	304			302			2
Other comprehensive earnings (loss), net of tax	(8)				(8)
Ending balance (in shares) at Jun. 30, 2019		433				109
Ending balance at Jun. 30, 2019	9,992	$ 4	10,887	4,599	(438)	$ (5,067)	7
Beginning balance (in shares) at Mar. 31, 2019		433				110
Beginning balance at Mar. 31, 2019	9,903	$ 4	10,844	4,558	(427)	$ (5,083)	7
Increase (Decrease) in Stockholders' Equity
Exercise of stock options (in shares)						1
Exercise of stock options	35		19			$ 16
Stock-based compensation	24		24
Cash dividends declared ($0.35 per share per quarter) and other distributions	(114)			(113)			(1)
Net earnings	155			154			1
Other comprehensive earnings (loss), net of tax	(11)				(11)
Ending balance (in shares) at Jun. 30, 2019		433				109
Ending balance at Jun. 30, 2019	9,992	$ 4	10,887	4,599	(438)	$ (5,067)	7
Beginning balance (in shares) at Dec. 31, 2019		615				0
Beginning balance at Dec. 31, 2019	49,456	$ 6	45,358	4,161	(33)	$ (52)	16	[1]
Increase (Decrease) in Stockholders' Equity
Issuance of restricted stock	0		(7)			$ 7
Exercise of stock options (in shares)		4
Exercise of stock options	258		258
Treasury shares held for taxes due upon exercise of stock options (in shares)						(1)
Treasury shares held for taxes due upon exercise of stock options	(49)					$ (49)
Stock-based compensation	125		125
Cash dividends declared ($0.35 per share per quarter) and other distributions	(441)			(437)			(4)	[1]
Other	(4)		2	(6)
Net earnings	37			35			2	[1]
Other comprehensive earnings (loss), net of tax	(325)				(325)
Ending balance (in shares) at Jun. 30, 2020		619				1
Ending balance at Jun. 30, 2020	49,057	$ 6	45,736	3,753	(358)	$ (94)	14	[1]
Beginning balance (in shares) at Mar. 31, 2020		617				1
Beginning balance at Mar. 31, 2020	49,182	$ 6	45,548	3,952	(248)	$ (91)	15	[1]
Increase (Decrease) in Stockholders' Equity
Exercise of stock options (in shares)		2
Exercise of stock options	118		118
Treasury shares held for taxes due upon exercise of stock options	(3)					$ (3)
Stock-based compensation	69		69
Cash dividends declared ($0.35 per share per quarter) and other distributions	(220)			(218)			(2)	[1]
Other	1		1
Net earnings	20			19			1	[1]
Other comprehensive earnings (loss), net of tax	(110)				(110)
Ending balance (in shares) at Jun. 30, 2020		619				1
Ending balance at Jun. 30, 2020	$ 49,057	$ 6	$ 45,736	$ 3,753	$ (358)	$ (94)	$ 14	[1]
[1]	Excludes redeemable noncontrolling interest that is not considered equity. See Note 3, Virtus Acquisition, for additional information. FIDELITY NATIONAL INFORMATION SERVICES, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Equity Three and six months ended June 30, 2019 (In millions, except per share amounts) (Unaudited)

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends paid per share (in dollars per share)	$ 0.35	$ 0.35	$ 0.35	$ 0.35

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net earnings	$ 40	$ 304
Adjustment to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,830	736
Amortization of debt issue costs	16	10
Acquisition-related financing foreign exchange	0	104
Loss (gain) on sale of businesses, investments and other	3	17
Stock-based compensation	125	43
Deferred income taxes	(118)	(68)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade and other receivables	105	93
Contract assets	(28)	1
Settlement activity	172	(27)
Prepaid expenses and other assets	(153)	(140)
Deferred contract costs	(252)	(174)
Deferred revenue	22	39
Accounts payable, accrued liabilities and other liabilities	(149)	(118)
Net cash provided by operating activities	1,613	820
Cash flows from investing activities:
Additions to property and equipment	(110)	(57)
Additions to software	(457)	(228)
Acquisitions, net of cash acquired	(469)	0
Net proceeds from sale of businesses and investments	0	43
Other investing activities, net	90	(42)
Net cash provided by (used in) investing activities	(946)	(284)
Cash flows from financing activities:
Borrowings	27,025	19,201
Repayment of borrowings and other financing obligations	(27,196)	(10,028)
Debt issuance costs	0	(71)
Proceeds from stock issued under stock-based compensation plans	274	86
Treasury stock activity	(49)	(423)
Dividends paid	(433)	(226)
Other financing activities, net	(18)	(24)
Net cash provided by (used in) financing activities	(397)	8,515
Effect of foreign currency exchange rate changes on cash	(23)	2
Net increase (decrease) in cash and cash equivalents	247	9,053
Cash and cash equivalents, beginning of period	3,211	703
Cash and cash equivalents, end of period	3,458	9,756
Supplemental cash flow information:
Cash paid for interest	270	159
Cash paid for income taxes	$ 97	$ 149

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited financial information included in this report includes the accounts of FIS and its subsidiaries prepared in accordance with U.S. generally accepted accounting principles and the instructions to Form 10-Q and Article 10 of Regulation S-X. All adjustments considered necessary for a fair presentation have been included. This report should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2019. The preparation of these consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported periods. The inputs into management's critical and significant accounting estimates consider the economic impact of the outbreak of the novel coronavirus ("COVID-19") and the subsequently declared COVID-19 pandemic ("the pandemic") by the World Health Organization on March 11, 2020. The extent to which the pandemic further affects our results of operations and financial position will depend on future developments, which are highly uncertain and are difficult to predict, including, but not limited to, the duration and spread of the pandemic, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. Accordingly, our future results could be materially affected by changes in our estimates. Certain reclassifications have been made in the 2019 consolidated financial statements to conform to the classifications used in 2020. Amounts in tables in the financial statements and accompanying footnotes may not sum due to rounding. On July 31, 2019, FIS completed the acquisition of Worldpay, and Worldpay's results of operations and financial position are included in the consolidated financial statements from and after the date of acquisition. See Note 3 for additional discussion. FIS reports its financial performance based on the following segments: Merchant Solutions, Banking Solutions, Capital Market Solutions, and Corporate and Other. As FIS continues to execute on its integration workflows and optimize its portfolio of assets, it reclassified certain non-strategic businesses from the Merchant Solutions and Banking Solutions segments into the Corporate and Other segment in the quarter ended March 31, 2020, and recast all prior-period segment information presented. These operations represented less than 2% of second quarter and year-to-date 2020 revenue. See Note 12 for a summary of each segment.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Change in Accounting Policy The Company adopted FASB Accounting Standards Codification ("ASC") Topic 326, Financial Instruments - Credit Losses ("Topic 326"), with an adoption date of January 1, 2020. As a result, the Company changed its accounting policy for allowance for credit losses. The accounting policy pursuant to Topic 326 for credit losses is disclosed below. The adoption of Topic 326 resulted in an immaterial cumulative effect adjustment recorded in retained earnings as of January 1, 2020. Allowance for Credit Losses The Company monitors trade receivable balances including contract assets as well as other receivables and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events. While the COVID-19 pandemic did not result in a significant increase in the Company's expected credit loss allowance recorded as of June 30, 2020, it is reasonably possible that future developments related to the economic impact of the COVID-19 pandemic could have a material impact on management's estimates.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions Worldpay Acquisition On July 31, 2019, FIS completed the acquisition of Worldpay by acquiring 100 percent of Worldpay's equity. The Worldpay acquisition brought an integrated technology platform with a comprehensive suite of products and services serving merchants and financial institutions and provided FIS with enhanced global payment capabilities, robust risk and fraud solutions and advanced data analytics. The total purchase price was as follows (in millions): Cash consideration $ 3,423 Value of FIS share consideration 38,635 Pay-off of Worldpay long-term debt not contractually assumed 5,738 Value of outstanding converted equity awards attributed to services already rendered 449 Total purchase price $ 48,245 The acquisition was accounted for as a business combination under FASB ASC Topic 805, Business Combinations ("Topic 805"). We recorded an allocation of the purchase price to Worldpay tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values as of July 31, 2019. The amounts for intangible assets were based on third-party valuations performed. Goodwill was recorded as the residual amount by which the purchase price exceeded the provisional fair value of the net assets acquired. Goodwill consists primarily of expected synergies of combining operations, the acquired workforce, and growth opportunities, none of which qualify as separately identifiable intangible assets. As of June 30, 2020, the Company has substantially completed its allocation of the purchase price. The principal open items relate to the valuation of certain income tax matters and contingencies as management is awaiting additional information to complete its assessment. Estimates have been recorded as of the acquisition date, and updates to these estimates may increase or decrease goodwill. Pursuant to Topic 805, the financial statements will not be retrospectively adjusted for any provisional amount changes that occur in subsequent periods. Rather, we will recognize any provisional amount adjustments during the reporting period in which the adjustments are determined. We will also be required to record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of any change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. We expect to finalize the purchase price allocation as soon as practicable, but no later than one year from the acquisition date. The purchase price allocation as of June 30, 2020, is as follows (in millions): Cash acquired $ 305 Settlement deposits and merchant float (1) 2,444 Trade receivables 1,599 Goodwill 38,031 Intangible assets 13,682 Computer software 1,297 Other noncurrent assets (2) 1,641 Accounts payable, accrued and other liabilities (1,011) Settlement payables (3,167) Deferred income taxes (2,849) Long-term debt, subsequently repaid (1,805) Other liabilities and noncontrolling interest (3) (1,922) Total purchase price $ 48,245 (1) Includes $1,693 million of merchant float. (2) Includes $534 million of other restricted cash. (3) Includes $542 million of noncurrent tax receivable agreement liability (see Note 9) and $875 million contingent value rights liability (see Note 5). The gross contractual amount of trade receivables acquired was approximately $1,646 million. The difference between that total and the amount reflected above represents our best estimate at the acquisition date of the contractual cash flows not expected to be collected. This difference was derived using Worldpay's historical bad debts, sales allowances and collection trends. Intangible assets primarily consist of software, customer relationship assets and trademarks with weighted average estimated useful lives of seven years, ten years and five years, respectively, and fair value amounts assigned of $1,297 million, $13,272 million and $410 million, respectively. See Note 9 for acquired contingencies resulting from the Worldpay acquisition. Virtus Acquisition On January 2, 2020, FIS acquired a majority interest in Virtus Partners ("Virtus"), previously a privately held company that provides high-value managed services and technology to the credit and loan market. FIS acquired a 70% voting and financial interest in Virtus with 30% interest retained by the founders of Virtus ("Founders"). The acquisition was accounted for as a business combination under Topic 805. We recorded a provisional allocation of the $404 million cash purchase price and the $173 million fair value of redeemable noncontrolling interest to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values, consisting primarily of $254 million in customer relationships and $51 million in software assets. We also recorded $244 million in goodwill for the residual amount by which the purchase price exceeded the provisional fair value of the net assets acquired. Our purchase price allocation is provisional as of June 30, 2020, and we expect to finalize as soon as practicable, but no later than one year from the acquisition date.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue In the following tables, revenue is disaggregated by primary geographical market and type of revenue. The tables also include a reconciliation of the disaggregated revenue with the Company's reportable segments. Prior-period amounts have been reclassified to conform to the new reportable segment presentation as discussed in Note 12. For the three months ended June 30, 2020 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 603 $ 1,266 $ 390 $ 35 $ 2,294 All others 209 213 239 7 668 Total $ 812 $ 1,479 $ 629 $ 42 $ 2,962 Type of Revenue: Recurring revenue: Transaction processing and services $ 792 $ 1,092 $ 307 $ 38 $ 2,229 Software maintenance 1 87 121 — 209 Other recurring 18 42 26 — 86 Total recurring 811 1,221 454 38 2,524 Software license — 14 70 — 84 Professional services — 146 104 1 251 Other non-recurring fees 1 98 1 3 103 Total $ 812 $ 1,479 $ 629 $ 42 $ 2,962 For the six months ended June 30, 2020 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 1,264 $ 2,509 $ 794 $ 74 $ 4,641 All others 483 432 466 17 1,398 Total $ 1,747 $ 2,941 $ 1,260 $ 91 $ 6,039 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,704 $ 2,188 $ 618 $ 82 $ 4,592 Software maintenance 1 175 244 1 421 Other recurring 38 86 49 — 173 Total recurring 1,743 2,449 911 83 5,186 Software license 1 33 142 — 176 Professional services — 288 206 2 496 Other non-recurring fees 3 171 1 6 181 Total $ 1,747 $ 2,941 $ 1,260 $ 91 $ 6,039 For the three months ended June 30, 2019 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 97 $ 1,130 $ 377 $ 49 $ 1,653 All others — 227 217 15 459 Total $ 97 $ 1,357 $ 594 $ 64 $ 2,112 Type of Revenue: Recurring revenue: Transaction processing and services $ 89 $ 987 $ 273 $ 56 $ 1,405 Software maintenance — 92 119 — 211 Other recurring — 44 27 — 71 Total recurring 89 1,123 419 56 1,687 Software license 7 20 74 — 101 Professional services — 152 101 1 254 Other non-recurring fees 1 62 — 7 70 Total $ 97 $ 1,357 $ 594 $ 64 $ 2,112 For the six months ended June 30, 2019 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 147 $ 2,256 $ 734 $ 95 $ 3,232 All others — 474 433 30 937 Total $ 147 $ 2,730 $ 1,167 $ 125 $ 4,169 Type of Revenue: Recurring revenue: Transaction processing and services $ 137 $ 1,979 $ 546 $ 113 $ 2,775 Software maintenance 1 180 240 — 421 Other recurring — 88 53 — 141 Total recurring 138 2,247 839 113 3,337 Software license 7 59 132 — 198 Professional services — 292 196 2 490 Other non-recurring fees 2 132 — 10 144 Total $ 147 $ 2,730 $ 1,167 $ 125 $ 4,169 Contract Balances The Company recognized revenue of $161 million and $188 million during the three months and $444 million and $508 million during the six months ended June 30, 2020 and 2019, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods. Transaction Price Allocated to the Remaining Performance Obligations As of June 30, 2020, approximately $21 billion of revenue is estimated to be recognized in the future primarily from the Banking Solutions and Capital Market Solutions segments’ remaining unfulfilled performance obligations, which are primarily comprised of recurring account- and volume-based processing services. This excludes the amount of anticipated recurring renewals not yet contractually obligated. The Company expects to recognize approximately 35% of the Banking Solutions and Capital Market Solutions segments' remaining performance obligations over the next 12 months, approximately another 20% over the next 13 to 24 months, and the balance thereafter. As permitted by ASC 606, Revenue from Contracts with Customers , the Company has elected to exclude from this disclosure an estimate for the Merchant Solutions segment, which is primarily comprised of contracts with an original duration of one year or less or variable consideration that meet specific criteria. This segment's core performance obligations consist of variable consideration under a stand-ready series of distinct days of service, and revenue from the segment's products and service arrangements are generally billed and recognized as the services are performed. The aggregate fixed consideration portion of customer contracts with an initial contract duration greater than one year is not material.

Condensed Consolidated Financia

Condensed Consolidated Financial Statement Details	6 Months Ended
	Jun. 30, 2020
Condensed Consolidated Financial Statement Details [Abstract]
Condensed Consolidated Financial Statement Details	Condensed Consolidated Financial Statement Details Cash and Cash Equivalents The Company includes restricted cash in the cash and cash equivalents balance reported in the consolidated statements of cash flows. The reconciliation between cash and cash equivalents in the consolidated balance sheets and the consolidated statements of cash flows is as follows (in millions): June 30, December 31, Cash and cash equivalents on the consolidated balance sheets $ 1,183 $ 1,152 Merchant float restricted cash (in Settlement deposits and merchant float) 1,732 1,519 Other restricted cash (in Other noncurrent assets) 543 540 Total Cash and cash equivalents per the consolidated statements of cash flows $ 3,458 $ 3,211 Property and Equipment, Intangible Assets and Computer Software The following table shows the Company's consolidated financial statement details as of June 30, 2020, and December 31, 2019 (in millions): June 30, 2020 December 31, 2019 Cost Accumulated Net Cost Accumulated Net Property and equipment $ 2,240 $ 1,353 $ 887 $ 2,177 $ 1,277 $ 900 Intangible assets $ 18,523 $ 3,934 $ 14,589 $ 18,564 $ 2,766 $ 15,798 Software $ 5,141 $ 1,849 $ 3,292 $ 4,820 $ 1,616 $ 3,204 As of June 30, 2020, intangible assets, net of amortization, includes $14,184 million of customer relationships and other amortizable intangible assets, $362 million of finite-lived trademarks, as well as $43 million of non-amortizable indefinite-lived trademarks. Amortization expense with respect to these intangible assets was $594 million and $158 million for the three months and $1,192 million and $314 million for the six months ended June 30, 2020 and 2019, respectively. Goodwill Changes in goodwill during the three months ended June 30, 2020, are summarized below (in millions). Prior-period amounts have been reclassified to conform to the new reportable segment presentation as discussed in Note 12. Capital Corporate Merchant Banking Market And Solutions Solutions Solutions Other Total Balance, December 31, 2019 $ 35,543 $ 12,225 $ 4,382 $ 92 $ 52,242 Goodwill attributable to acquisitions (1) (37) 57 245 — 265 Foreign currency adjustments (525) (41) (1) — (567) Balance, June 30, 2020 $ 34,981 $ 12,241 $ 4,626 $ 92 $ 51,940 (1) The amount of goodwill attributable to acquisitions, including Worldpay and Virtus, and its allocation to reportable segments, is preliminary and subject to change. We assess goodwill for impairment on an annual basis during the fourth quarter or more frequently if circumstances indicate potential impairment. We concluded as a result of our fourth quarter 2019 step zero annual impairment tests that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts. Due to the economic impact of the COVID-19 pandemic, we evaluated if events and circumstances as of June 30, 2020, indicated potential impairment. We performed a qualitative assessment by examining factors most likely to affect our valuations and considered the impact to our business from the COVID-19 pandemic. The factors examined involve significant use of management judgment and included, among others, (1) forecasted revenue, growth rates, operating margins, and capital expenditures used to calculate estimated future cash flows, (2) future economic and market conditions and (3) FIS' market capitalization. Based on our interim impairment assessment as of June 30, 2020, we concluded that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts; therefore, goodwill was not impaired. However, it is reasonably possible that future developments related to the economic impact of the COVID-19 pandemic on our Merchant Solutions business, such as an extended duration of the pandemic and/or government-imposed shutdowns, prolonged economic downturn or recession, or lack of governmental support for recovery, could have a material impact on one or more of the estimates and assumptions used to evaluate goodwill impairment and could result in future goodwill impairment. Visa Europe and Contingent Value Rights As part of the Worldpay acquisition, the Company acquired certain assets and liabilities related to the June 2016 Worldpay Group plc (Legacy Worldpay) disposal of its ownership interest in Visa Europe to Visa Inc. As part of the disposal, Legacy Worldpay received consideration from Visa Inc. in the form of cash and convertible Visa Inc. Series B preferred stock ("preferred stock"), the value of which may be reduced by settlement of potential liabilities relating to ongoing interchange-related litigation involving Visa Europe. The preferred stock becomes convertible in stages based on developments in the litigation and becomes fully convertible no later than 2028 (subject to a holdback to cover any pending claims). Also in connection with the disposal, Legacy Worldpay agreed to pay former Legacy Worldpay owners 90% of the net-of-tax proceeds from the disposal, known as contingent value rights ("CVR"), pending the finalization of the proceeds from disposal. The Company has elected the fair value option under ASC 825, Financial Instruments ("ASC 825"), for measuring its preferred stock asset and related CVR liability. The estimated fair value of the preferred stock and related CVR liability are determined using Level 3-type measurements. Significant inputs into the valuation of the preferred stock include the Visa Inc. Class A common stock price per share and the conversion ratio, which are observable, as well as the expected timing of the preferred stock conversion into Visa Inc. Class A common stock and an estimate of the potential losses that will result from the ongoing litigation involving Visa Europe, which are unobservable. The Company engaged third-party valuation specialists and external counsel to assist management in making the fair value determination for the preferred stock. The fair value of the preferred stock was $579 million and $400 million at June 30, 2020, and December 31, 2019, respectively, recorded in Other noncurrent assets on the consolidated balance sheets. The fair value of the CVR liability is determined based on 90% of the net-of-tax proceeds from the disposal, including the preferred stock and the cash consideration. The portion of the cash consideration that is payable as part of the CVR liability is

Deferred Contract Costs

Deferred Contract Costs	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Contract Costs	Deferred Contract Costs Origination and fulfillment costs from contracts with customers capitalized as of June 30, 2020, and December 31, 2019, consists of the following (in millions): June 30, 2020 December 31, 2019 Contract costs on implementations in progress $ 165 $ 138 Contract origination costs on completed implementations, net 443 352 Contract fulfillment costs on completed implementations, net 191 177 Total Deferred contract costs, net $ 799 $ 667 Amortization of deferred contract costs on completed implementations was $55 million and $44 million during the three months and $107 million and $87 million during the six months ended June 30, 2020 and 2019, respectively, and there were no significant impairment losses in relation to the costs capitalized for the periods presented.

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt Long-term debt as of June 30, 2020, and December 31, 2019, consists of the following (in millions): June 30, 2020 Weighted Average Interest Interest June 30, December 31, Rates Rate Maturities 2020 2019 Fixed Rate Notes Senior USD Notes 3.0% - 5.0% 3.8% 2023 - 2048 $ 4,938 $ 4,938 Senior Euro Notes 0.1% - 3.0% 1.1% 2021 - 2039 8,702 8,694 Senior GBP Notes 1.7% - 3.4% 2.7% 2022 - 2031 2,280 2,440 Senior Euro Floating Rate Notes 0.1% 2021 561 561 Revolving Credit Facility (1) 1.3% 2023 95 600 Other 75 136 Total long-term debt, including current portion 16,651 17,369 Current portion of long-term debt (1,777) (140) Long-term debt, excluding current portion $ 14,874 $ 17,229 (1) Interest on the Revolving Credit Facility is generally payable at LIBOR plus an applicable margin of up to 1.625% plus an unused commitment fee of up to 0.225%, each based upon the Company's corporate credit ratings. The weighted average interest rate on the Revolving Credit Facility excludes fees. Short-term borrowings as of June 30, 2020, and December 31, 2019, consists of the following (in millions): June 30, 2020 Weighted Average Interest June 30, December 31, Rate Maturities 2020 2019 Euro-commercial paper notes ("ECP Notes") 0.2 % Up to 183 days $ 2,468 $ 2,523 U.S. commercial paper notes ("USCP Notes") 0.4 % Up to 397 days 650 200 Other 99 100 Total Short-term borrowings $ 3,217 $ 2,823 As of June 30, 2020, the weighted-average interest rate of the Company's outstanding debt was 1.7%, including the impact of interest rate swaps (see Note 8). The following summarizes the aggregate maturities of our long-term debt, including other financing obligations for certain hardware and software, based on stated contractual maturities, excluding the fair value of the interest rate swap discussed below and net unamortized non-cash bond premiums and discounts of $27 million, as of June 30, 2020 (in millions): Total 2020 remaining period $ 67 2021 1,744 2022 1,527 2023 2,221 2024 967 Thereafter 10,252 Total principal payments 16,778 Debt issuance costs, net of accumulated amortization (100) Total long-term debt $ 16,678 There are no mandatory principal payments on the Revolving Credit Facility, and any balance outstanding on the Revolving Credit Facility will be due and payable at its scheduled maturity date, which occurs at September 21, 2023. Revolving Credit Facility As of June 30, 2020, the borrowing capacity remaining under the Revolving Credit Facility was $2,284 million (net of $3,118 million of capacity backstopping our commercial paper notes and $3 million in outstanding letters of credit issued under the Revolving Credit Facility). Fair Value of Debt

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Fair Value Hedge The Company holds an interest rate swap with a €500 million notional value converting the interest rate exposure on the Company's Senior Euro Notes due 2024 from fixed to variable. This swap is designated as a fair value hedge for accounting purposes with an asset fair value of $14 million and $10 million at June 30, 2020, and December 31, 2019, respectively, reflected as an increase in the hedged debt balance (see Note 7). Net Investment Hedges The purpose of the Company's net investment hedges, as discussed below, is to reduce the volatility of FIS' net investment value in its Euro- and Pound Sterling-denominated operations due to changes in foreign currency exchange rates. The Company recorded net investment hedge aggregate gain (loss), net of tax, for the change in fair value as Foreign currency translation adjustments, within Other comprehensive earnings (loss), net of tax on the consolidated statements of comprehensive earnings of $(201) million and $6 million, during the three months and $334 million and $13 million, during the six months ended June 30, 2020 and 2019, respectively. No ineffectiveness was recorded on the net investment hedges. Foreign Currency-Denominated Debt Designations The Company designates certain foreign currency-denominated debt as net investment hedges of its investment in Euro- and Pound Sterling-denominated operations. As of June 30, 2020, an aggregate €10,460 million wa s designated as a net investment hedge of the Company's investment in Euro-denominated operations related to the Senior Euro Floating Rate Notes, Senior Euro Notes with maturities ranging from 2021 to 2039 and ECP Notes, and an aggregate £1,850 million was designated as a net investment hedge of the Company's Pound Sterling-denominated operations related to the Senior GBP Notes with maturities ranging from 2022 to 2031. Cross-Currency Interest Rate Swap Designations The Company holds cross-currency interest rate swaps and designates them as net investment hedges of its investment in Euro- and Pound Sterling-denominated operations. As of June 30, 2020, an aggregate notional amount of €2,006 million was designated as a net investment hedge of the Company's investment in Euro-denominated operations, and an aggregate notional amount of £556 million was designated as a net investment hedge of the Company's Pound Sterling-denominated operations. The fair value of the cross-currency interest rate swaps was a net $71 million asset and $167 million liability at June 30, 2020, and December 31, 2019, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Reliance Trust Claims Reliance Trust Company ("Reliance"), the Company's subsidiary, is named as a defendant in a class action arising out of its provision of services as the discretionary trustee for a 401(k) Plan (the "Plan") for one of its customers. On behalf of the Plan participants, plaintiffs in the action, which was filed in 2015, seek damages and attorneys' fees, as well as equitable relief, against Reliance and the Plan’s sponsor and record-keeper for alleged breaches of fiduciary duty under the Employee Retirement Income Security Act of 1974. Reliance is vigorously defending the action and believes it has meritorious defenses. Reliance contends that no breaches of fiduciary duty or prohibited transactions occurred and that Plan participants suffered no damages. A non-jury trial of the case was conducted in March 2020. At trial, Plaintiffs sought damages of approximately $127 million against all defendants. A decision in the case is expected in the second half of 2020. While we are unable at this time to estimate more precisely the potential loss or range of loss because of unresolved questions of fact and law, we believe that the ultimate resolution of the matter will not have a material impact on our financial condition. Because we do not believe a liability for this action is probable, we have not recorded a liability for it. Brazilian Tax Authorities Claims In 2004, Proservvi Empreendimentos e Servicos, Ltda., the predecessor to Fidelity National Servicos de Tratamento de Documentos e Informatica Ltda. ("Servicos"), a subsidiary of Fidelity National Participacoes Ltda., our former item processing and remittance services operation in Brazil, acquired certain assets and employees and leased certain facilities from the Transpev Group ("Transpev") in Brazil. Transpev's remaining assets were later acquired by Prosegur, an unrelated third party. When Transpev discontinued its operations after the asset sale to Prosegur, it had unpaid federal taxes and social contributions owing to the Brazilian tax authorities. The Brazilian tax authorities brought a claim against Transpev and beginning in 2012 brought claims against Prosegur and Servicos on the grounds that Prosegur and Servicos were successors in interest to Transpev. To date, the Brazilian tax authorities filed 14 claims against Servicos asserting potential tax liabilities of approximately $11 million. There are potentially 24 additional claims against Transpev/Prosegur for which Servicos is named as a co-defendant or may be named, but for which Servicos has not yet been served. These additional claims amount to approximately $35 million making the total potential exposure for all 38 claims approximately $47 million. We do not believe a liability for these 38 total claims is probable and, therefore, have not recorded a liability for any of these claims. Acquired Contingencies - Worldpay The Company assumed in the Worldpay acquisition a Tax Receivable Agreement ("TRA") under which the Company agreed to make payments to Fifth Third Bank ("Fifth Third") of 85% of the federal, state, local and foreign income tax benefits realized by the Company as a result of certain tax deductions. In December 2019, the Company entered into a Tax Receivable Purchase Addendum (the "Amendment") that provides written call and put options (collectively "the options") to terminate certain estimated obligations under the TRA in exchange for fixed cash payments. The remaining TRA obligations not subject to the Amendment are based on the cash savings realized by the Company by comparing the actual income tax liability of the Company to the amount of such taxes the Company would have been required to pay had there been no deductions related to the tax attributes. Under the TRA, in certain specified circumstances, such as certain changes of control, the Company may be required to make payments in excess of such cash savings. Obligations recorded in our consolidated financial statements pursuant to the TRA are based on estimates of future deductions and future tax rates and, in the case of the obligations subject to the Amendment, reflect management's expectation that the options will be exercised. In January 2020, the Company exercised its first call option pursuant to the Amendment, which results in fixed cash payments to Fifth Third of $42 million. The timing and/or amount of aggregate payments due under the TRA may vary based on a number of factors, including the exercise of options, the amount and timing of taxable income the Company generates in the future and the tax rate then applicable, the use of loss carryforwards and amortizable basis. Each reporting period, the Company evaluates the assumptions underlying the TRA obligations. The consolidated balance sheet as of June 30, 2020, includes a total liability of $553 million relating to the TRA. The following table summarizes our estimated payment obligation timing under the TRA as of June 30, 2020 (in millions): Payments Due in Type of Obligation Total 2020 Remaining Period 1-3 Years 3-5 Years More than 5 Years Obligations under TRA $ 553 $ 21 $ 267 $ 252 $ 13 Chargeback Liability Through services offered in our Merchant Solutions segment, the Company is exposed to losses from merchant-related chargebacks. A chargeback occurs when a dispute between a cardholder and a merchant, including a claim for non-delivery of the product or service by the merchant, is not resolved in favor of the merchant and the transaction is charged back to the merchant resulting in a refund of the purchase price to the cardholder. If the Company is unable to collect this chargeback amount from the merchant due to closure, bankruptcy or other reasons, the Company bears the loss for the refund paid to the cardholder. The risk of chargebacks is typically greater for those merchants that promise future delivery of goods and services rather than delivering goods or rendering services at the time of payment. As a result of the economic impact of the COVID-19 pandemic, it is reasonably possible that the Company has incurred or may incur significant losses related to future chargebacks. Due to the unprecedented nature of the pandemic and the numerous current and future uncertainties that may impact any potential chargeback losses, and considering that the Company has no historical experience with similar uncertainties, a reasonable estimate of the possible accrual for losses or range of losses cannot be made. Indemnifications and Warranties The Company generally indemnifies its clients, subject to certain limitations and exceptions, against damages and costs resulting from claims of patent, copyright, or trademark infringement associated solely with its customers' use of the Company's software applications or services. Historically, the Company has not made any material payments under such indemnifications but continues to monitor the conditions that are subject to the indemnifications to identify whether it is probable that a loss has occurred, in which case it would recognize any such losses when they are estimable. In addition, the Company warrants to

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party TransactionsThe Company holds a noncontrolling ownership stake in Cardinal Holdings ("Cardinal"), which operates the Capco consulting business. FIS' ownership stake in Cardinal at June 30, 2020, and December 31, 2019, was 37%. The ownership stake in Cardinal is recorded as an equity method investment included within Other noncurrent assets on the consolidated balance sheets. The carrying value of this equity method investment at June 30, 2020, and December 31, 2019, was $135 million and $142 million, respectively. FIS provides ongoing management consulting services and other services to Cardinal. Amounts transacted through these agreements were not significant to the 2020 and 2019 periods presented.

Net Earnings per Share

Net Earnings per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net Earnings per Share	Net Earnings per Share The basic weighted average shares and common stock equivalents for the three and six months ended June 30, 2020 and 2019, were computed using the treasury stock method. The following table summarizes net earnings and net earnings per share attributable to FIS common stockholders for the three and six months ended June 30, 2020 and 2019 (in millions, except per share amounts): Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Net earnings attributable to FIS common stockholders $ 19 $ 154 $ 35 $ 302 Weighted average shares outstanding — basic 618 324 617 323 Plus: Common stock equivalent shares 7 3 8 4 Weighted average shares outstanding — diluted 625 327 625 327 Net earnings per share-basic attributable to FIS common stockholders $ 0.03 $ 0.48 $ 0.06 $ 0.93 Net earnings per share-diluted attributable to FIS common stockholders $ 0.03 $ 0.47 $ 0.06 $ 0.92 Options to purchase approximately 2 million and 1 million shares of our common stock for the three months and approximately 2 million and 1 million shares for the six months ended June 30, 2020 and 2019, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive. On July 20, 2017, our Board of Directors approved a plan authorizing repurchases of up to $4.0 billion of our outstanding common stock in the open market at prevailing market prices or in privately negotiated transactions through December 31, 2020. This share repurchase authorization replaced any existing share repurchase authorization. Approximately $2.3 billion of plan capacity remained available for repurchases as of June 30, 2020. Management temporarily suspended share repurchases as a result of the Worldpay transaction to accelerate debt repayment.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information FIS reports its financial performance based on the following segments: Merchant Solutions, Banking Solutions, Capital Market Solutions, and Corporate and Other. As the Company continues to execute on its integration workflows and optimize its portfolio of assets, the Company reclassified certain non-strategic businesses from the Merchant Solutions and Banking Solutions segments into the Corporate and Other segment in the quarter ended March 31, 2020, and recast all prior-period segment information presented. Below is a summary of each segment. Merchant Solutions ("Merchant") The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale, as well as contactless card, mobile wallet, and card-not present payments in eCommerce and mobile environments. Merchant services include all aspects of payment processing, including authorization and settlement, customer service, chargeback and retrieval processing, reporting for electronic payment transactions and network fee and interchange management. Merchant also includes value-added services, such as security and fraud prevention solutions, advanced data analytics and information management solutions, foreign currency management and numerous funding options. Merchant serves clients in over 140 countries. Our Merchant clients are highly-diversified, including non-discretionary everyday spend categories, such as grocery and pharmacy, and include national retailers as well as global enterprises and small- to medium-sized businesses. The Merchant segment utilizes broad and varied distribution channels, including direct sales forces and multiple referral partner relationships that provide us with a growing and diverse client base. Banking Solutions ("Banking") The Banking segment is focused on serving all sizes of financial institutions for core processing and ancillary applications solutions; digital solutions; fraud, risk management and compliance solutions; electronic funds transfer and network services solutions; payment solutions; wealth and retirement solutions; item processing and output services solutions and services capitalizing on the continuing trend to outsource these solutions. Clients in this segment include global financial institutions, U.S. regional and community banks, credit unions and commercial lenders, as well as government institutions and other commercial organizations. Banking serves clients in more than 130 countries. Our applications include core processing software, which clients use to maintain the primary records of their customer accounts, and complementary applications and services that interact directly with the core processing applications. We provide our clients integrated solutions characterized by multi-year processing contracts that generate highly recurring revenue. The predictable nature of cash flows generated from the Banking segment provides opportunities for further investments in innovation, integration, information and security, and compliance in a cost-effective manner. Capital Market Solutions ("Capital Markets") The Capital Markets segment is focused on serving global financial services clients with a broad array of buy- and sell-side solutions. Clients in this segment operate in more than 100 countries and include asset managers, buy- and sell-side securities brokerage and trading firms, insurers, private equity firms, and other commercial organizations. Our buy- and sell-side solutions include a variety of mission-critical applications for recordkeeping, data and analytics, trading, financing and risk management. Capital Markets clients purchase our solutions and services in various ways including licensing and managing technology "in-house," using consulting and third-party service providers, as well as procuring fully outsourced end-to-end solutions. Our long-established relationships with many of these financial and commercial institutions generate significant recurring revenue. We have made, and continue to make, investments in modern platforms; advanced technologies, such as cloud delivery, open APIs, machine learning and artificial intelligence; and regulatory technology to support our Capital Markets clients. Corporate and Other The Corporate and Other segment consists of corporate overhead expense, certain leveraged functions and miscellaneous expenses that are not included in the operating segments, as well as certain non-strategic businesses. The overhead and leveraged costs relate to corporate marketing, corporate finance and accounting, human resources, legal, and amortization of acquisition-related intangibles and other costs, such as acquisition and integration expenses, that are not considered when management evaluates revenue-generating segment performance. The Company recorded acquisition and integration costs primarily related to the Worldpay acquisition, as well as certain other costs associated with data center consolidation activities totaling $22 million and $17 million for the three months ended and $40 million and $25 million for the six months ended June 30, 2020 and 2019, respectively. Adjusted EBITDA Adjusted EBITDA is a measure of segment profit or loss that is reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, Adjusted EBITDA, as it relates to our segments, is presented in conformity with FASB ASC Topic 280, Segment Reporting . Adjusted EBITDA is defined as EBITDA (defined as net earnings (loss) before net interest expense, income tax provision (benefit) and depreciation and amortization) plus certain non-operating items. The non-operating items affecting the segment profit measure generally include acquisition accounting adjustments as well as acquisition, integration and certain other costs. These costs and adjustments are recorded in the Corporate and Other segment for the periods discussed below. Adjusted EBITDA for the respective segments excludes the foregoing costs and adjustments. 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 three months ended June 30, 2020 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 812 $ 1,479 $ 629 $ 42 $ 2,962 Operating expenses (546) (998) (410) (962) (2,916) Depreciation and amortization (including purchase accounting amortization) 65 127 68 655 915 EBITDA 331 608 287 (265) 961 Acquisition, integration and other costs — — — 196 196 Adjusted EBITDA $ 331 $ 608 $ 287 $ (69) $ 1,157 EBITDA $ 961 Interest expense, net (88) Depreciation and amortization (237) Purchase accounting amortization (678) Other income (expense) unallocated 67 (Provision) benefit for income taxes (4) Net earnings attributable to noncontrolling interest (2) Net earnings attributable to FIS common stockholders $ 19 Capital expenditures $ 74 $ 117 $ 45 $ 25 $ 261 For the three months ended June 30, 2019 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 97 $ 1,357 $ 594 $ 64 $ 2,112 Operating expenses (77) (927) (377) (340) (1,721) Depreciation and amortization (including purchase accounting amortization) 2 123 53 190 368 EBITDA 22 553 270 (86) 759 Acquisition, integration and other costs — — — 35 35 Adjusted EBITDA $ 22 $ 553 $ 270 $ (51) $ 794 EBITDA $ 759 Interest expense, net (72) Depreciation and amortization (193) Purchase accounting amortization (175) Other income (expense) unallocated (124) (Provision) benefit for income taxes (40) Net earnings attributable to noncontrolling interest (1) Net earnings attributable to FIS common stockholders $ 154 Capital expenditures (1) $ 1 $ 87 $ 49 $ 4 $ 141 (1) Capital expenditures for the three months ended June 30, 2019, include $1 million in other financing obligations for certain hardware and software. For the six months ended June 30, 2020 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 1,747 $ 2,941 $ 1,260 $ 91 $ 6,039 Operating expenses (1,143) (1,978) (825) (1,939) (5,885) Depreciation and amortization (including purchase accounting amortization) 150 259 132 1,289 1,830 EBITDA 754 1,222 567 (559) 1,984 Acquisition, integration and other costs — — — 420 420 Adjusted EBITDA $ 754 $ 1,222 $ 567 $ (139) $ 2,404 EBITDA $ 1,984 Interest expense (167) Depreciation and amortization (468) Purchase accounting amortization (1,362) Other income (expense) unallocated 26 (Provision) benefit for income taxes 27 Net earnings attributable to noncontrolling interest (5) Net earnings attributable to FIS common stockholders $ 35 Capital expenditures $ 180 $ 254 $ 104 $ 29 $ 567 For the six months ended June 30, 2019 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 147 $ 2,730 $ 1,167 $ 125 $ 4,169 Operating expenses (120) (1,867) (761) (715) (3,463) Depreciation and amortization (including purchase accounting amortization) 5 248 104 379 736 EBITDA 32 1,111 510 (211) 1,442 Acquisition, integration and other costs — — — 81 81 Adjusted EBITDA $ 32 $ 1,111 $ 510 $ (130) $ 1,523 EBITDA $ 1,442 Interest expense, net (147) Depreciation and amortization (388) Purchase accounting amortization (348) Other income (expense) unallocated (183) (Provision) benefit for income taxes (72) Net earnings attributable to noncontrolling interest (2) Net earnings attributable to FIS common stockholders $ 302 Capital expenditures (1) $ 3 $ 202 $ 108 $ 7 $ 320 (1) Capital expenditures for the six months ended June 30, 2019, include $35 million in other financing obligations for certain hardware and software.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	The unaudited financial information included in this report includes the accounts of FIS and its subsidiaries prepared in accordance with U.S. generally accepted accounting principles and the instructions to Form 10-Q and Article 10 of Regulation S-X. All adjustments considered necessary for a fair presentation have been included. This report should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2019. The preparation of these consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported periods. The inputs into management's critical and significant accounting estimates consider the economic impact of the outbreak of the novel coronavirus ("COVID-19") and the subsequently declared COVID-19 pandemic ("the pandemic") by the World Health Organization on March 11, 2020. The extent to which the pandemic further affects our results of operations and financial position will depend on future developments, which are highly uncertain and are difficult to predict, including, but not limited to, the duration and spread of the pandemic, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. Accordingly, our future results could be materially affected by changes in our estimates.
Segments	FIS reports its financial performance based on the following segments: Merchant Solutions, Banking Solutions, Capital Market Solutions, and Corporate and Other. As FIS continues to execute on its integration workflows and optimize its portfolio of assets, it reclassified certain non-strategic businesses from the Merchant Solutions and Banking Solutions segments into the Corporate and Other segment in the quarter ended March 31, 2020, and recast all prior-period segment information presented. These operations represented less than 2% of second quarter and year-to-date 2020 revenue.
Change in Accounting Policy	The Company adopted FASB Accounting Standards Codification ("ASC") Topic 326, Financial Instruments - Credit Losses ("Topic 326"), with an adoption date of January 1, 2020. As a result, the Company changed its accounting policy for allowance for credit losses. The accounting policy pursuant to Topic 326 for credit losses is disclosed below. The adoption of Topic 326 resulted in an immaterial cumulative effect adjustment recorded in retained earnings as of January 1, 2020.
Allowance for Credit Losses	Allowance for Credit Losses The Company monitors trade receivable balances including contract assets as well as other receivables and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events. While the COVID-19 pandemic did not result in a significant increase in the Company's expected credit loss allowance recorded as of June 30, 2020, it is reasonably possible that future developments related to the economic impact of the COVID-19 pandemic could have a material impact on management's estimates.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The total purchase price was as follows (in millions): Cash consideration $ 3,423 Value of FIS share consideration 38,635 Pay-off of Worldpay long-term debt not contractually assumed 5,738 Value of outstanding converted equity awards attributed to services already rendered 449 Total purchase price $ 48,245
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The purchase price allocation as of June 30, 2020, is as follows (in millions): Cash acquired $ 305 Settlement deposits and merchant float (1) 2,444 Trade receivables 1,599 Goodwill 38,031 Intangible assets 13,682 Computer software 1,297 Other noncurrent assets (2) 1,641 Accounts payable, accrued and other liabilities (1,011) Settlement payables (3,167) Deferred income taxes (2,849) Long-term debt, subsequently repaid (1,805) Other liabilities and noncontrolling interest (3) (1,922) Total purchase price $ 48,245 (1) Includes $1,693 million of merchant float. (2) Includes $534 million of other restricted cash. (3) Includes $542 million of noncurrent tax receivable agreement liability (see Note 9) and $875 million contingent value rights liability (see Note 5).

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	For the three months ended June 30, 2020 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 603 $ 1,266 $ 390 $ 35 $ 2,294 All others 209 213 239 7 668 Total $ 812 $ 1,479 $ 629 $ 42 $ 2,962 Type of Revenue: Recurring revenue: Transaction processing and services $ 792 $ 1,092 $ 307 $ 38 $ 2,229 Software maintenance 1 87 121 — 209 Other recurring 18 42 26 — 86 Total recurring 811 1,221 454 38 2,524 Software license — 14 70 — 84 Professional services — 146 104 1 251 Other non-recurring fees 1 98 1 3 103 Total $ 812 $ 1,479 $ 629 $ 42 $ 2,962 For the six months ended June 30, 2020 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 1,264 $ 2,509 $ 794 $ 74 $ 4,641 All others 483 432 466 17 1,398 Total $ 1,747 $ 2,941 $ 1,260 $ 91 $ 6,039 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,704 $ 2,188 $ 618 $ 82 $ 4,592 Software maintenance 1 175 244 1 421 Other recurring 38 86 49 — 173 Total recurring 1,743 2,449 911 83 5,186 Software license 1 33 142 — 176 Professional services — 288 206 2 496 Other non-recurring fees 3 171 1 6 181 Total $ 1,747 $ 2,941 $ 1,260 $ 91 $ 6,039 For the three months ended June 30, 2019 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 97 $ 1,130 $ 377 $ 49 $ 1,653 All others — 227 217 15 459 Total $ 97 $ 1,357 $ 594 $ 64 $ 2,112 Type of Revenue: Recurring revenue: Transaction processing and services $ 89 $ 987 $ 273 $ 56 $ 1,405 Software maintenance — 92 119 — 211 Other recurring — 44 27 — 71 Total recurring 89 1,123 419 56 1,687 Software license 7 20 74 — 101 Professional services — 152 101 1 254 Other non-recurring fees 1 62 — 7 70 Total $ 97 $ 1,357 $ 594 $ 64 $ 2,112 For the six months ended June 30, 2019 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 147 $ 2,256 $ 734 $ 95 $ 3,232 All others — 474 433 30 937 Total $ 147 $ 2,730 $ 1,167 $ 125 $ 4,169 Type of Revenue: Recurring revenue: Transaction processing and services $ 137 $ 1,979 $ 546 $ 113 $ 2,775 Software maintenance 1 180 240 — 421 Other recurring — 88 53 — 141 Total recurring 138 2,247 839 113 3,337 Software license 7 59 132 — 198 Professional services — 292 196 2 490 Other non-recurring fees 2 132 — 10 144 Total $ 147 $ 2,730 $ 1,167 $ 125 $ 4,169

Condensed Consolidated Financ_2

Condensed Consolidated Financial Statement Details (Tables)	6 Months Ended
	Jun. 30, 2020
Condensed Consolidated Financial Statement Details [Abstract]
Restricted Cash and Cash Equivalents	The reconciliation between cash and cash equivalents in the consolidated balance sheets and the consolidated statements of cash flows is as follows (in millions): June 30, December 31, Cash and cash equivalents on the consolidated balance sheets $ 1,183 $ 1,152 Merchant float restricted cash (in Settlement deposits and merchant float) 1,732 1,519 Other restricted cash (in Other noncurrent assets) 543 540 Total Cash and cash equivalents per the consolidated statements of cash flows $ 3,458 $ 3,211
Cash and Cash Equivalents	The reconciliation between cash and cash equivalents in the consolidated balance sheets and the consolidated statements of cash flows is as follows (in millions): June 30, December 31, Cash and cash equivalents on the consolidated balance sheets $ 1,183 $ 1,152 Merchant float restricted cash (in Settlement deposits and merchant float) 1,732 1,519 Other restricted cash (in Other noncurrent assets) 543 540 Total Cash and cash equivalents per the consolidated statements of cash flows $ 3,458 $ 3,211
Condensed Consolidated Financial Statement Details	The following table shows the Company's consolidated financial statement details as of June 30, 2020, and December 31, 2019 (in millions): June 30, 2020 December 31, 2019 Cost Accumulated Net Cost Accumulated Net Property and equipment $ 2,240 $ 1,353 $ 887 $ 2,177 $ 1,277 $ 900 Intangible assets $ 18,523 $ 3,934 $ 14,589 $ 18,564 $ 2,766 $ 15,798 Software $ 5,141 $ 1,849 $ 3,292 $ 4,820 $ 1,616 $ 3,204
Goodwill Rollforward	Changes in goodwill during the three months ended June 30, 2020, are summarized below (in millions). Prior-period amounts have been reclassified to conform to the new reportable segment presentation as discussed in Note 12. Capital Corporate Merchant Banking Market And Solutions Solutions Solutions Other Total Balance, December 31, 2019 $ 35,543 $ 12,225 $ 4,382 $ 92 $ 52,242 Goodwill attributable to acquisitions (1) (37) 57 245 — 265 Foreign currency adjustments (525) (41) (1) — (567) Balance, June 30, 2020 $ 34,981 $ 12,241 $ 4,626 $ 92 $ 51,940 (1) The amount of goodwill attributable to acquisitions, including Worldpay and Virtus, and its allocation to reportable segments, is preliminary and subject to change.

Deferred Contract Costs (Tables

Deferred Contract Costs (Tables)	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Contract Cost Detail	Origination and fulfillment costs from contracts with customers capitalized as of June 30, 2020, and December 31, 2019, consists of the following (in millions): June 30, 2020 December 31, 2019 Contract costs on implementations in progress $ 165 $ 138 Contract origination costs on completed implementations, net 443 352 Contract fulfillment costs on completed implementations, net 191 177 Total Deferred contract costs, net $ 799 $ 667

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt as of June 30, 2020, and December 31, 2019, consists of the following (in millions): June 30, 2020 Weighted Average Interest Interest June 30, December 31, Rates Rate Maturities 2020 2019 Fixed Rate Notes Senior USD Notes 3.0% - 5.0% 3.8% 2023 - 2048 $ 4,938 $ 4,938 Senior Euro Notes 0.1% - 3.0% 1.1% 2021 - 2039 8,702 8,694 Senior GBP Notes 1.7% - 3.4% 2.7% 2022 - 2031 2,280 2,440 Senior Euro Floating Rate Notes 0.1% 2021 561 561 Revolving Credit Facility (1) 1.3% 2023 95 600 Other 75 136 Total long-term debt, including current portion 16,651 17,369 Current portion of long-term debt (1,777) (140) Long-term debt, excluding current portion $ 14,874 $ 17,229
Short-term Debt	Short-term borrowings as of June 30, 2020, and December 31, 2019, consists of the following (in millions): June 30, 2020 Weighted Average Interest June 30, December 31, Rate Maturities 2020 2019 Euro-commercial paper notes ("ECP Notes") 0.2 % Up to 183 days $ 2,468 $ 2,523 U.S. commercial paper notes ("USCP Notes") 0.4 % Up to 397 days 650 200 Other 99 100 Total Short-term borrowings $ 3,217 $ 2,823
Principal Maturities of Long-term Debt	The following summarizes the aggregate maturities of our long-term debt, including other financing obligations for certain hardware and software, based on stated contractual maturities, excluding the fair value of the interest rate swap discussed below and net unamortized non-cash bond premiums and discounts of $27 million, as of June 30, 2020 (in millions): Total 2020 remaining period $ 67 2021 1,744 2022 1,527 2023 2,221 2024 967 Thereafter 10,252 Total principal payments 16,778 Debt issuance costs, net of accumulated amortization (100) Total long-term debt $ 16,678

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Estimated Payment Obligation Timing	The following table summarizes our estimated payment obligation timing under the TRA as of June 30, 2020 (in millions): Payments Due in Type of Obligation Total 2020 Remaining Period 1-3 Years 3-5 Years More than 5 Years Obligations under TRA $ 553 $ 21 $ 267 $ 252 $ 13

Net Earnings per Share (Tables)

Net Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share Attributable to FIS Common Stockholders	The following table summarizes net earnings and net earnings per share attributable to FIS common stockholders for the three and six months ended June 30, 2020 and 2019 (in millions, except per share amounts): Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Net earnings attributable to FIS common stockholders $ 19 $ 154 $ 35 $ 302 Weighted average shares outstanding — basic 618 324 617 323 Plus: Common stock equivalent shares 7 3 8 4 Weighted average shares outstanding — diluted 625 327 625 327 Net earnings per share-basic attributable to FIS common stockholders $ 0.03 $ 0.48 $ 0.06 $ 0.93 Net earnings per share-diluted attributable to FIS common stockholders $ 0.03 $ 0.47 $ 0.06 $ 0.92

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	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 three months ended June 30, 2020 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 812 $ 1,479 $ 629 $ 42 $ 2,962 Operating expenses (546) (998) (410) (962) (2,916) Depreciation and amortization (including purchase accounting amortization) 65 127 68 655 915 EBITDA 331 608 287 (265) 961 Acquisition, integration and other costs — — — 196 196 Adjusted EBITDA $ 331 $ 608 $ 287 $ (69) $ 1,157 EBITDA $ 961 Interest expense, net (88) Depreciation and amortization (237) Purchase accounting amortization (678) Other income (expense) unallocated 67 (Provision) benefit for income taxes (4) Net earnings attributable to noncontrolling interest (2) Net earnings attributable to FIS common stockholders $ 19 Capital expenditures $ 74 $ 117 $ 45 $ 25 $ 261 For the three months ended June 30, 2019 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 97 $ 1,357 $ 594 $ 64 $ 2,112 Operating expenses (77) (927) (377) (340) (1,721) Depreciation and amortization (including purchase accounting amortization) 2 123 53 190 368 EBITDA 22 553 270 (86) 759 Acquisition, integration and other costs — — — 35 35 Adjusted EBITDA $ 22 $ 553 $ 270 $ (51) $ 794 EBITDA $ 759 Interest expense, net (72) Depreciation and amortization (193) Purchase accounting amortization (175) Other income (expense) unallocated (124) (Provision) benefit for income taxes (40) Net earnings attributable to noncontrolling interest (1) Net earnings attributable to FIS common stockholders $ 154 Capital expenditures (1) $ 1 $ 87 $ 49 $ 4 $ 141 (1) Capital expenditures for the three months ended June 30, 2019, include $1 million in other financing obligations for certain hardware and software. For the six months ended June 30, 2020 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 1,747 $ 2,941 $ 1,260 $ 91 $ 6,039 Operating expenses (1,143) (1,978) (825) (1,939) (5,885) Depreciation and amortization (including purchase accounting amortization) 150 259 132 1,289 1,830 EBITDA 754 1,222 567 (559) 1,984 Acquisition, integration and other costs — — — 420 420 Adjusted EBITDA $ 754 $ 1,222 $ 567 $ (139) $ 2,404 EBITDA $ 1,984 Interest expense (167) Depreciation and amortization (468) Purchase accounting amortization (1,362) Other income (expense) unallocated 26 (Provision) benefit for income taxes 27 Net earnings attributable to noncontrolling interest (5) Net earnings attributable to FIS common stockholders $ 35 Capital expenditures $ 180 $ 254 $ 104 $ 29 $ 567 For the six months ended June 30, 2019 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 147 $ 2,730 $ 1,167 $ 125 $ 4,169 Operating expenses (120) (1,867) (761) (715) (3,463) Depreciation and amortization (including purchase accounting amortization) 5 248 104 379 736 EBITDA 32 1,111 510 (211) 1,442 Acquisition, integration and other costs — — — 81 81 Adjusted EBITDA $ 32 $ 1,111 $ 510 $ (130) $ 1,523 EBITDA $ 1,442 Interest expense, net (147) Depreciation and amortization (388) Purchase accounting amortization (348) Other income (expense) unallocated (183) (Provision) benefit for income taxes (72) Net earnings attributable to noncontrolling interest (2) Net earnings attributable to FIS common stockholders $ 302 Capital expenditures (1) $ 3 $ 202 $ 108 $ 7 $ 320 (1) Capital expenditures for the six months ended June 30, 2019, include $35 million in other financing obligations for certain hardware and software.

Basis of Presentation (Details)

Basis of Presentation (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Percent of revenue subject to segment reclassification of certain non-strategic businesses (less than)	2.00%	2.00%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Millions	Jan. 02, 2020	Jul. 31, 2019	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition
Goodwill			$ 51,940	$ 52,242
Virtus
Business Acquisition
Ownership interest retained by founders	30.00%
Worldpay
Business Acquisition
Percentage of voting interests acquired		100.00%
Gross contractual amount of trade and other receivables required		$ 1,646
Cash consideration		3,423
Intangible assets		13,682
Goodwill		$ 38,031
Virtus
Business Acquisition
Percentage of voting interests acquired	70.00%
Cash consideration	$ 404
Fair value of redeemable noncontrolling interest	173
Goodwill	$ 244
Redeemable noncontrolling interest, call option exercise period	2 years
Redeemable noncontrolling interest, put option exercise period	3 years
Computer Software, Intangible Asset | Worldpay
Business Acquisition
Weighted average useful life		7 years
Finite-lived intangible assets acquired		$ 1,297
Computer Software, Intangible Asset | Virtus
Business Acquisition
Intangible assets	$ 51
Customer relationships | Worldpay
Business Acquisition
Weighted average useful life		10 years
Finite-lived intangible assets acquired		$ 13,272
Customer relationships | Virtus
Business Acquisition
Intangible assets	$ 254
Trademarks | Worldpay
Business Acquisition
Weighted average useful life		5 years
Finite-lived intangible assets acquired		$ 410

Acquisitions - Worldplay Purcha

Acquisitions - Worldplay Purchase Price (Details) - Worldpay $ in Millions	Jul. 31, 2019USD ($)
Business Acquisition
Cash consideration	$ 3,423
Value of FIS share consideration	38,635
Pay-off of Worldpay long-term debt not contractually assumed	5,738
Value of outstanding converted equity awards attributed to services already rendered	449
Total purchase price	$ 48,245

Acquisitions - Worldplay Purc_2

Acquisitions - Worldplay Purchase Price Allocation (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jul. 31, 2019
Business Acquisition
Goodwill	$ 51,940	$ 52,242
Worldpay
Business Acquisition
Cash acquired			$ 305
Settlement deposits and merchant float			2,444
Trade receivables			1,599
Goodwill			38,031
Intangible assets			13,682
Computer software			1,297
Other noncurrent assets			1,641
Accounts payable, accrued and other liabilities			(1,011)
Settlement payables			(3,167)
Deferred income taxes			(2,849)
Long-term debt, subsequently repaid			(1,805)
Other liabilities and noncontrolling interest			(1,922)
Total purchase price			48,245
Merchant float			1,693
Restricted cash			534
Tax receivable agreement liability			542
Contingent value rights			$ 875

Revenue - Disaggregate Revenue

Revenue - Disaggregate Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue
Revenue	$ 2,962	$ 2,112	$ 6,039	$ 4,169
Recurring
Disaggregation of Revenue
Revenue	2,524	1,687	5,186	3,337
Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	2,229	1,405	4,592	2,775
Software maintenance | Recurring
Disaggregation of Revenue
Revenue	209	211	421	421
Other recurring | Recurring
Disaggregation of Revenue
Revenue	86	71	173	141
Software license | Non-recurring
Disaggregation of Revenue
Revenue	84	101	176	198
Professional services | Non-recurring
Disaggregation of Revenue
Revenue	251	254	496	490
Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	103	70	181	144
North America
Disaggregation of Revenue
Revenue	2,294	1,653	4,641	3,232
All others
Disaggregation of Revenue
Revenue	668	459	1,398	937
Corporate and Other
Disaggregation of Revenue
Revenue	42	64	91	125
Corporate and Other | Recurring
Disaggregation of Revenue
Revenue	38	56	83	113
Corporate and Other | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	38	56	82	113
Corporate and Other | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	0	0	1	0
Corporate and Other | Other recurring | Recurring
Disaggregation of Revenue
Revenue	0	0	0	0
Corporate and Other | Software license | Non-recurring
Disaggregation of Revenue
Revenue	0	0	0	0
Corporate and Other | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	1	1	2	2
Corporate and Other | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	3	7	6	10
Corporate and Other | North America
Disaggregation of Revenue
Revenue	35	49	74	95
Corporate and Other | All others
Disaggregation of Revenue
Revenue	7	15	17	30
Operating Segments
Disaggregation of Revenue
Revenue	2,962	2,112	6,039	4,169
Operating Segments | Merchant Solutions
Disaggregation of Revenue
Revenue	812	97	1,747	147
Operating Segments | Merchant Solutions | Recurring
Disaggregation of Revenue
Revenue	811	89	1,743	138
Operating Segments | Merchant Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	792	89	1,704	137
Operating Segments | Merchant Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	1	0	1	1
Operating Segments | Merchant Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	18	0	38	0
Operating Segments | Merchant Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	0	7	1	7
Operating Segments | Merchant Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	0	0	0	0
Operating Segments | Merchant Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	1	1	3	2
Operating Segments | Merchant Solutions | North America
Disaggregation of Revenue
Revenue	603	97	1,264	147
Operating Segments | Merchant Solutions | All others
Disaggregation of Revenue
Revenue	209	0	483	0
Operating Segments | Banking Solutions
Disaggregation of Revenue
Revenue	1,479	1,357	2,941	2,730
Operating Segments | Banking Solutions | Recurring
Disaggregation of Revenue
Revenue	1,221	1,123	2,449	2,247
Operating Segments | Banking Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	1,092	987	2,188	1,979
Operating Segments | Banking Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	87	92	175	180
Operating Segments | Banking Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	42	44	86	88
Operating Segments | Banking Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	14	20	33	59
Operating Segments | Banking Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	146	152	288	292
Operating Segments | Banking Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	98	62	171	132
Operating Segments | Banking Solutions | North America
Disaggregation of Revenue
Revenue	1,266	1,130	2,509	2,256
Operating Segments | Banking Solutions | All others
Disaggregation of Revenue
Revenue	213	227	432	474
Operating Segments | Capital Market Solutions
Disaggregation of Revenue
Revenue	629	594	1,260	1,167
Operating Segments | Capital Market Solutions | Recurring
Disaggregation of Revenue
Revenue	454	419	911	839
Operating Segments | Capital Market Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	307	273	618	546
Operating Segments | Capital Market Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	121	119	244	240
Operating Segments | Capital Market Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	26	27	49	53
Operating Segments | Capital Market Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	70	74	142	132
Operating Segments | Capital Market Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	104	101	206	196
Operating Segments | Capital Market Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	1	0	1	0
Operating Segments | Capital Market Solutions | North America
Disaggregation of Revenue
Revenue	390	377	794	734
Operating Segments | Capital Market Solutions | All others
Disaggregation of Revenue
Revenue	239	217	466	433
Operating Segments | Corporate and Other
Disaggregation of Revenue
Revenue	$ 42	$ 64	$ 91	$ 125

Revenue - (Narrative) (Details)

Revenue - (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from contract liability	$ 161	$ 188	$ 444	$ 508
Remaining revenue recognition	$ 21,000		$ 21,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining performance obligation, percentage	35.00%		35.00%
Performance obligations expected to be satisfied, expected timing	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining performance obligation, percentage	20.00%		20.00%
Performance obligations expected to be satisfied, expected timing	24 months		24 months

Condensed Consolidated Financ_3

Condensed Consolidated Financial Statement Details - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Condensed Consolidated Financial Statement Details [Abstract]
Cash and cash equivalents on the consolidated balance sheets	$ 1,183	$ 1,152
Merchant float restricted cash (in Settlement deposits and merchant float)	1,732	1,519
Other restricted cash (in Other noncurrent assets)	543	540
Total Cash and cash equivalents per the consolidated statements of cash flows	$ 3,458	$ 3,211	$ 9,756	$ 703

Condensed Consolidated Financ_4

Condensed Consolidated Financial Statement Details - Summary of Net Assets (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Condensed Consolidated Financial Statement Details [Abstract]
Property and equipment, cost	$ 2,240	$ 2,177
Property and equipment, accumulated depreciation and amortization	1,353	1,277
Property and equipment, net	887	900
Intangible assets, cost	18,523	18,564
Intangible assets, accumulated depreciation and amortization	3,934	2,766
Intangible assets, net	14,589	15,798
Computer software, cost	5,141	4,820
Computer software, accumulated depreciation and amortization	1,849	1,616
Computer software, net	$ 3,292	$ 3,204

Condensed Consolidated Financ_5

Condensed Consolidated Financial Statement Details - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment
Finite-lived intangible assets, net	$ 14,184		$ 14,184
Amortization expense of intangible assets	594	$ 158	1,192	$ 314
Contingent value rights, fair value	975		975		$ 838
Other Nonoperating Income (Expense)
Property, Plant and Equipment
Contingent value rights at fair value, increase	46		26
Visa Europe to Visa, Inc.
Property, Plant and Equipment
Restricted cash	$ 543		$ 543		540
Visa Europe to Visa, Inc.
Property, Plant and Equipment
Percentage of disposal proceeds due to counterparty, net of tax (percent)	90.00%		90.00%
Contingent value rights	$ 579		$ 579		$ 400
Trademarks
Property, Plant and Equipment
Indefinite-lived intangible assets	43		43
Trademarks
Property, Plant and Equipment
Finite-lived intangible assets, net	$ 362		$ 362

Condensed Consolidated Financ_6

Condensed Consolidated Financial Statement Details - Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Goodwill
Beginning balance	$ 52,242
Goodwill attributable to acquisition	265
Foreign currency adjustments	(567)
Ending balance	51,940
Corporate and Other
Goodwill
Beginning balance	92
Goodwill attributable to acquisition	0
Foreign currency adjustments	0
Ending balance	92
Operating Segments | Merchant Solutions
Goodwill
Beginning balance	35,543
Goodwill attributable to acquisition	(37)
Foreign currency adjustments	(525)
Ending balance	34,981
Operating Segments | Banking Solutions
Goodwill
Beginning balance	12,225
Goodwill attributable to acquisition	57
Foreign currency adjustments	(41)
Ending balance	12,241
Operating Segments | Capital Market Solutions
Goodwill
Beginning balance	4,382
Goodwill attributable to acquisition	245
Foreign currency adjustments	(1)
Ending balance	$ 4,626

Deferred Contract Costs (Detail

Deferred Contract Costs (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Capitalized Contract Cost
Deferred contract costs, net	$ 799	$ 667
Contract costs on implementations in progress
Capitalized Contract Cost
Deferred contract costs, net	165	138
Contract origination costs on completed implementations, net
Capitalized Contract Cost
Deferred contract costs, net	443	352
Contract fulfillment costs on completed implementations, net
Capitalized Contract Cost
Deferred contract costs, net	$ 191	$ 177

Deferred Contract Costs - (Narr

Deferred Contract Costs - (Narratives) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of contract costs	$ 55,000,000	$ 44,000,000	$ 107,000,000	$ 87,000,000
Deferred contract costs impairment	$ 0	$ 0	$ 0	$ 0

Debt - (Schedule of Long-Term D

Debt - (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Long-Term Debt
Other	$ 75	$ 136
Long-term Debt	16,651	17,369
Current portion of long-term debt	(1,777)	(140)
Long-term debt, excluding current portion	$ 14,874	17,229
Revolving Credit Facility
Long-Term Debt
Unused commitment fee	0.225%
Revolving Credit Facility | One month LIBOR | Maximum
Long-Term Debt
Applicable margin	1.625%
Revolving Credit Facility
Long-Term Debt
Weighted average interest rate	1.30%
Revolving credit facility	$ 95	600
Senior notes | Fixed Rate Senior USD Notes
Long-Term Debt
Weighted average interest rate	3.80%
Senior notes	$ 4,938	4,938
Senior notes | Fixed Rate Senior USD Notes | Minimum
Long-Term Debt
Debt instrument, stated percentage	3.00%
Senior notes | Fixed Rate Senior USD Notes | Maximum
Long-Term Debt
Debt instrument, stated percentage	5.00%
Senior notes | Fixed Rate Senior Euro Notes
Long-Term Debt
Weighted average interest rate	1.10%
Senior notes	$ 8,702	8,694
Senior notes | Fixed Rate Senior Euro Notes | Minimum
Long-Term Debt
Debt instrument, stated percentage	0.10%
Senior notes | Fixed Rate Senior Euro Notes | Maximum
Long-Term Debt
Debt instrument, stated percentage	3.00%
Senior notes | Fixed Rate Senior GBP Notes
Long-Term Debt
Weighted average interest rate	2.70%
Senior notes	$ 2,280	2,440
Senior notes | Fixed Rate Senior GBP Notes | Minimum
Long-Term Debt
Debt instrument, stated percentage	1.70%
Senior notes | Fixed Rate Senior GBP Notes | Maximum
Long-Term Debt
Debt instrument, stated percentage	3.40%
Senior notes | Senior Euro Floating Rates Notes
Long-Term Debt
Weighted average interest rate	0.10%
Senior notes	$ 561	$ 561

Debt - Short-term Debt (Details

Debt - Short-term Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Short-term Debt
Other	$ 99	$ 100
Total Short-term borrowings	$ 3,217	2,823
Euro Commercial Paper Program | Commercial paper | FIS Credit Agreements
Short-term Debt
Short term debt, weighted average interest rate	0.20%
Maturities	183 days
Commercial paper	$ 2,468	2,523
Commercial Paper Program | Commercial paper | FIS Credit Agreements
Short-term Debt
Short term debt, weighted average interest rate	0.40%
Maturities	397 days
Commercial paper	$ 650	$ 200

Debt - (Narrative) (Details)

Debt - (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument
Debt, weighted average interest rate	1.70%
Fair value aggregate difference	$ 1,161	$ 900
FIS Credit Agreements
Debt Instrument
Unamortized discount (premium), net	27
Revolving Credit Facility
Debt Instrument
Borrowing capacity remaining	2,284
Line of credit facility, capacity backstopped	3,118
Credit facility outstanding amount	95	$ 600
Letter of credit
Debt Instrument
Credit facility outstanding amount	$ 3

Debt - (Principal Maturities of

Debt - (Principal Maturities of Long-Term Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Principal maturities of long-term debt
Long-term Debt	$ 16,651	$ 17,369
FIS Credit Agreements
Principal maturities of long-term debt
2020 remaining period	67
2021	1,744
2022	1,527
2023	2,221
2024	967
Thereafter	10,252
Total principal payments	16,778
Debt issuance costs, net of accumulated amortization	(100)
Long-term Debt	$ 16,678

Financial Instruments - (Narrat

Financial Instruments - (Narratives) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020EUR (€)	Jun. 30, 2020USD ($)	Jun. 30, 2020GBP (£)	Dec. 31, 2019USD ($)
Net Investment Hedges | Floating Rate Notes, May 2021 Euro Notes, 2023 Euro Notes, 2027 Euro Notes, 2030 Euro Notes, 2039 Euro Notes, and ECP Notes | Senior notes
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Notional amount | €					€ 10,460,000,000
Net Investment Hedges | Sterling Senior Notes Due 2022 to 2031 | Senior notes
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Notional amount | £							£ 1,850,000,000
Interest rate swap | Fair Value Hedging
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Notional amount | €					500,000,000
Interest rate swap | Fair Value Hedging | 1.1% Euro Senior Notes Due July 2024 | Senior notes
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Derivative asset fair value						$ 14		$ 10
Interest rate swap | Net Investment Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Derivative asset fair value						$ 71
Derivative asset fair value, gross liability								$ 167
Currency forward contract | Net Investment Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Gain (loss) for the change in fair value on derivative used in net investment hedge, after tax, recorded in other comprehensive earnings loss	$ (201)	$ 6	$ 334	$ 13
Currency Swap | Net Investment Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Notional amount					€ 2,006,000,000		£ 556,000,000

Commitments and Contingencies -

Commitments and Contingencies - (Narrative) (Details) $ in Millions	Jun. 30, 2020USD ($)claim	Jan. 31, 2020USD ($)	Jun. 30, 2020USD ($)claim
Loss Contingencies
Tax receivable agreement commitment (percent)	85.00%		85.00%
Payments from the exercise of call options		$ 42
Tax receivable agreement obligations	$ 553		$ 553
Pending Litigation | Potential Tax Liability | Secretariat of the Federal Revenue Bureau of Brazil
Loss Contingencies
Loss contingency, value of damages sought	$ 11
Loss contingency, number of claims pending | claim	14		14
Loss contingency, number of potential new claims filed | claim	24		24
Loss contingency, potential additional claims amount sought	$ 35		$ 35
Loss contingency, number of total pending and potential pending claims | claim	38		38
Pending Litigation | Potential Tax Liability | Secretariat of the Federal Revenue Bureau of Brazil | Maximum
Loss Contingencies
Loss contingency, estimate of possible loss	$ 47		$ 47
Reliance Trust Claims | Pending Litigation
Loss Contingencies
Loss contingency, value of damages sought			$ 127

Commitments and Contingencies_2

Commitments and Contingencies - Future Commitments (Details) - Obligations under TRA $ in Millions	Jun. 30, 2020USD ($)
Other Commitments
Total	$ 553
2020 Remaining Period	21
1-3 Years	267
3-5 Years	252
More than 5 Years	$ 13

Related-Party Transactions - (N

Related-Party Transactions - (Narrative) (Details) - Cardinal Holdings - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Related Party Transaction
Ownership percentage	37.00%	37.00%
Equity method investment	$ 135	$ 142

Net Earnings per Share - (Summa

Net Earnings per Share - (Summary of Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net earnings attributable to FIS common stockholders	$ 19	$ 154	$ 35	$ 302
Weighted average shares outstanding — basic (in shares)	618	324	617	323
Plus: Common stock equivalent shares (in shares)	7	3	8	4
Weighted average shares outstanding — diluted (in shares)	625	327	625	327
Net earnings per share — basic attributable to FIS common stockholders (in dollars per share)	$ 0.03	$ 0.48	$ 0.06	$ 0.93
Net earnings per share — diluted attributable to FIS common stockholders (in dollars per share)	$ 0.03	$ 0.47	$ 0.06	$ 0.92

Net Earnings per Share - (Narra

Net Earnings per Share - (Narrative) (Details) - USD ($) shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jul. 20, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	2	1	2	1
Stock repurchase program authorized amount					$ 4,000,000,000
Stock repurchase program, authorized amount remaining	$ 2,300,000,000		$ 2,300,000,000

Segment Information - (Narrativ

Segment Information - (Narrative) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)country	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)country	Jun. 30, 2019USD ($)
Worldpay
Segment Reporting Information
Data center consolidation costs | $	$ 22	$ 17	$ 40	$ 25
Merchant Solutions | Minimum
Segment Reporting Information
Number of countries we operate in (more than)	140		140
Banking Solutions | Minimum
Segment Reporting Information
Number of countries we operate in (more than)	130		130
Capital Market Solutions | Minimum
Segment Reporting Information
Number of countries we operate in (more than)	100		100

Segment Information - (Summariz

Segment Information - (Summarized Financial Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Information
Revenue	$ 2,962	$ 2,112	$ 6,039	$ 4,169
Depreciation and amortization (including purchase accounting amortization)			1,830	736
Interest expense, net	(88)	(72)	(167)	(147)
Other income (expense) unallocated	74	(120)	34	(172)
(Provision) benefit for income taxes	(4)	(40)	27	(72)
Net earnings attributable to noncontrolling interest	(2)	(1)	(5)	(2)
Net earnings attributable to FIS common stockholders	19	154	35	302
Capital expenditures	261	141	567	320
Capital lease obligations		1		35
Merchant Solutions
Segment Information
Capital expenditures	74	1	180	3
Banking Solutions
Segment Information
Capital expenditures	117	87	254	202
Capital Market Solutions
Segment Information
Capital expenditures	45	49	104	108
Corporate and Other
Segment Information
Revenue	42	64	91	125
Capital expenditures	25	4	29	7
Operating Segments
Segment Information
Revenue	2,962	2,112	6,039	4,169
Operating expenses	(2,916)	(1,721)	(5,885)	(3,463)
Depreciation and amortization (including purchase accounting amortization)	915	368	1,830	736
EBITDA	961	759	1,984	1,442
Acquisition, integration and other costs	196	35	420	81
Adjusted EBITDA	1,157	794	2,404	1,523
Operating Segments | Merchant Solutions
Segment Information
Revenue	812	97	1,747	147
Operating expenses	(546)	(77)	(1,143)	(120)
Depreciation and amortization (including purchase accounting amortization)	65	2	150	5
EBITDA	331	22	754	32
Acquisition, integration and other costs	0	0	0	0
Adjusted EBITDA	331	22	754	32
Operating Segments | Banking Solutions
Segment Information
Revenue	1,479	1,357	2,941	2,730
Operating expenses	(998)	(927)	(1,978)	(1,867)
Depreciation and amortization (including purchase accounting amortization)	127	123	259	248
EBITDA	608	553	1,222	1,111
Acquisition, integration and other costs	0	0	0	0
Adjusted EBITDA	608	553	1,222	1,111
Operating Segments | Capital Market Solutions
Segment Information
Revenue	629	594	1,260	1,167
Operating expenses	(410)	(377)	(825)	(761)
Depreciation and amortization (including purchase accounting amortization)	68	53	132	104
EBITDA	287	270	567	510
Acquisition, integration and other costs	0	0	0	0
Adjusted EBITDA	287	270	567	510
Operating Segments | Corporate and Other
Segment Information
Revenue	42	64	91	125
Operating expenses	(962)	(340)	(1,939)	(715)
Depreciation and amortization (including purchase accounting amortization)	655	190	1,289	379
EBITDA	(265)	(86)	(559)	(211)
Acquisition, integration and other costs	196	35	420	81
Adjusted EBITDA	(69)	(51)	(139)	(130)
Segment Reconciling Items
Segment Information
EBITDA	961	759	1,984	1,442
Interest expense, net	(88)	(72)	(167)	(147)
Depreciation and amortization	(237)	(193)	(468)	(388)
Purchase accounting amortization	(678)	(175)	(1,362)	(348)
Other income (expense) unallocated	67	(124)	26	(183)
(Provision) benefit for income taxes	$ (4)	$ (72)	$ 27	$ (40)