Fidelity National Information Services (FIS) 10-Q 3 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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)		610,771,236
Entity Central Index Key	0001136893
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Common Stock, par value $0.01 per share
Document Information
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	FIS
Security Exchange Name	NYSE
1.700% Senior Notes due 2022
Document Information
Title of 12(b) Security	1.700% Senior Notes due 2022
Trading Symbol	FIS22B
Security Exchange Name	NYSE
0.125% Senior Notes due 2022
Document Information
Title of 12(b) Security	0.125% Senior Notes due 2022
Trading Symbol	FIS22C
Security Exchange Name	NYSE
0.750% Senior Notes due 2023
Document Information
Title of 12(b) Security	0.750% Senior Notes due 2023
Trading Symbol	FIS23A
Security Exchange Name	NYSE
1.100% Senior Notes due 2024
Document Information
Title of 12(b) Security	1.100% Senior Notes due 2024
Trading Symbol	FIS24A
Security Exchange Name	NYSE
0.625% Senior Notes due 2025
Document Information
Title of 12(b) Security	0.625% Senior Notes due 2025
Trading Symbol	FIS25B
Security Exchange Name	NYSE
1.500% Senior Notes due 2027
Document Information
Title of 12(b) Security	1.500% Senior Notes due 2027
Trading Symbol	FIS27
Security Exchange Name	NYSE
1.000% Senior Notes due 2028
Document Information
Title of 12(b) Security	1.000% Senior Notes due 2028
Trading Symbol	FIS28
Security Exchange Name	NYSE
2.250% Senior Notes due 2029
Document Information
Title of 12(b) Security	2.250% Senior Notes due 2029
Trading Symbol	FIS29
Security Exchange Name	NYSE
2.000% Senior Notes due 2030
Document Information
Title of 12(b) Security	2.000% Senior Notes due 2030
Trading Symbol	FIS30
Security Exchange Name	NYSE
3.360% Senior Notes due 2031
Document Information
Title of 12(b) Security	3.360% Senior Notes due 2031
Trading Symbol	FIS31
Security Exchange Name	NYSE
2.950% Senior Notes due 2039
Document Information
Title of 12(b) Security	2.950% Senior Notes due 2039
Trading Symbol	FIS39
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,547	$ 2,010
Settlement assets	4,062	4,020
Trade receivables, net of allowance for credit losses of $89 and $76, respectively	3,655	3,772
Other receivables	260	355
Prepaid expenses and other current assets	621	551
Total current assets	10,145	10,708
Property and equipment, net	901	949
Goodwill	52,988	53,330
Intangible assets, net	10,854	11,539
Software, net	3,235	3,299
Other noncurrent assets	2,132	2,137
Deferred contract costs, net	943	969
Total assets	81,198	82,931
Current liabilities:
Accounts payable, accrued and other liabilities	2,690	2,864
Settlement payables	5,228	5,295
Deferred revenue	847	779
Short-term borrowings	2,682	3,911
Current portion of long-term debt	2,330	1,617
Total current liabilities	13,777	14,466
Long-term debt, excluding current portion	14,208	14,825
Deferred income taxes	4,055	4,193
Other noncurrent liabilities	1,948	1,915
Total liabilities	33,988	35,399
Redeemable noncontrolling interest	174	174
FIS stockholders’ equity:
Preferred stock $0.01 par value; 200 shares authorized, none issued and outstanding as of March 31, 2022, and December 31, 2021	0	0
Common stock $0.01 par value, 750 shares authorized, 628 and 625 shares issued as of March 31, 2022, and December 31, 2021, respectively	6	6
Additional paid in capital	46,536	46,466
Retained earnings	2,721	2,889
Accumulated other comprehensive earnings (loss)	106	252
Treasury stock, $0.01 par value, 17 and 16 common shares as of March 31, 2022, and December 31, 2021, respectively, at cost	(2,343)	(2,266)
Total FIS stockholders’ equity	47,026	47,347
Noncontrolling interest	10	11
Total equity	47,036	47,358
Total liabilities, redeemable noncontrolling interest and equity	$ 81,198	$ 82,931

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Trade receivables, net	$ 89	$ 76
FIS stockholders’ equity:
Preferred stock par value (in dollars 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 (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	628,000,000	625,000,000
Treasury stock (in shares)	17,000,000	16,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 3,492	$ 3,223
Cost of revenue	2,242	2,118
Gross profit	1,250	1,105
Selling, general, and administrative expenses	1,035	1,006
Asset impairments	58	0
Operating income	157	99
Other income (expense):
Interest expense, net	(43)	(74)
Other income (expense), net	61	(493)
Total other income (expense), net	18	(567)
Earnings (loss) before income taxes and equity method investment earnings (loss)	175	(468)
Provision (benefit) for income taxes	54	(97)
Equity method investment earnings (loss)	0	1
Net earnings (loss)	121	(370)
Net (earnings) loss attributable to noncontrolling interest	(1)	(3)
Net earnings (loss) attributable to FIS common stockholders	$ 120	$ (373)
Net earnings (loss) per share-basic attributable to FIS common stockholders (in dollars per share)	$ 0.20	$ (0.60)
Weighted average shares outstanding-basic (in shares)	610	621
Net earnings (loss) per share-diluted attributable to FIS common stockholders (in dollars per share)	$ 0.20	$ (0.60)
Weighted average shares outstanding-diluted (in shares)	614	621

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 121	$ (370)
Other comprehensive earnings (loss), before tax:
Unrealized gain (loss) on derivatives	0	9
Foreign currency translation adjustments	(144)	185
Other adjustments	4	0
Other comprehensive earnings (loss), before tax	(140)	194
Provision for income tax (expense) benefit related to items of other comprehensive earnings	(6)	(127)
Other comprehensive earnings (loss), net of tax	(146)	67
Comprehensive earnings (loss)	(25)	(303)
Net (earnings) loss attributable to noncontrolling interest	(1)	(3)
Comprehensive earnings (loss) attributable to FIS common stockholders	$ (26)	$ (306)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Common shares	Treasury shares	Additional paid in capital	Retained earnings	Accumulated other comprehensive earnings (loss)	Noncontrolling interest	[1]
Beginning balance (in shares) at Dec. 31, 2020		621	(1)
Beginning balance at Dec. 31, 2020	$ 49,313	$ 6	$ (150)	$ 45,947	$ 3,440	$ 57	$ 13
Increase (Decrease) in Stockholders' Equity
Issuance of restricted stock (in shares)		3
Issuance of restricted stock	1			1
Exercise of stock options	47			47
Purchase of treasury stock (in shares)			(3)
Purchases of treasury stock	(400)		$ (400)
Treasury shares held for taxes due upon exercise of stock awards	(95)		$ (95)
Stock-based compensation	157			157
Cash dividends declared and other distributions	(245)				(244)		(1)
Net earnings (loss)	(371)				(373)		2
Other comprehensive earnings (loss), net of tax	67					67
Ending balance (in shares) at Mar. 31, 2021		624	(4)
Ending balance at Mar. 31, 2021	48,474	$ 6	$ (645)	46,152	2,823	124	14
Beginning balance (in shares) at Dec. 31, 2021		625	(16)
Beginning balance at Dec. 31, 2021	47,358	$ 6	$ (2,266)	46,466	2,889	252	11
Increase (Decrease) in Stockholders' Equity
Issuance of restricted stock (in shares)		3
Issuance of restricted stock	5			5
Exercise of stock options	8			8
Treasury shares held for taxes due upon exercise of stock awards (in shares)			1
Treasury shares held for taxes due upon exercise of stock awards	(77)		$ (77)
Stock-based compensation	57			57
Cash dividends declared and other distributions	(290)				(288)		(2)
Net earnings (loss)	121				120		1
Other comprehensive earnings (loss), net of tax	(146)					(146)
Ending balance (in shares) at Mar. 31, 2022		628	(17)
Ending balance at Mar. 31, 2022	$ 47,036	$ 6	$ (2,343)	$ 46,536	$ 2,721	$ 106	$ 10
[1]	Excludes redeemable noncontrolling interest that is not considered equity.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends paid per share (in dollars per share)	$ 0.47	$ 0.39

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net earnings (loss)	$ 121	$ (370)
Adjustment to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization	1,013	953
Amortization of debt issuance costs	7	7
Asset impairments	58	0
Loss (gain) on sale of businesses, investments and other	0	(1)
Loss on extinguishment of debt	0	528
Stock-based compensation	57	157
Deferred income taxes	(112)	(22)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade and other receivables	62	(219)
Settlement activity	(162)	122
Prepaid expenses and other assets	(152)	(129)
Deferred contract costs	(73)	(113)
Deferred revenue	55	89
Accounts payable, accrued liabilities and other liabilities	22	(166)
Net cash provided by operating activities	896	836
Cash flows from investing activities:
Additions to property and equipment	(108)	(69)
Additions to software	(304)	(229)
Other investing activities, net	122	(23)
Net cash provided by (used in) investing activities	(290)	(321)
Cash flows from financing activities:
Borrowings	15,902	13,858
Repayment of borrowings and other financing obligations	(16,609)	(14,364)
Debt issuance costs	0	(74)
Net proceeds from stock issued under stock-based compensation plans	33	73
Treasury stock activity	(77)	(494)
Dividends paid	(287)	(244)
Other financing activities, net	(47)	(136)
Net cash provided by (used in) financing activities	(1,085)	(1,381)
Effect of foreign currency exchange rate changes on cash	(103)	(40)
Net increase (decrease) in cash, cash equivalents and restricted cash	(582)	(906)
Cash, cash equivalents and restricted cash, beginning of period	4,283	4,030
Cash, cash equivalents and restricted cash, end of period	3,701	3,124
Supplemental cash flow information:
Cash paid for interest	75	95
Cash paid for income taxes	$ 46	$ 68

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
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, 2021. 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 and any recurrence or new strain of COVID-19, its severity, the success of vaccines or other 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.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	AcquisitionsPayrix AcquisitionOn December 23, 2021, FIS acquired 100% of the equity of Payrix Holdings, LLC, and subsidiaries ("Payrix"), previously a privately held fintech company that specializes in embedding and monetizing payments in SaaS platforms to serve the eCommerce needs of small- to medium-sized businesses through a global card-not-present offering. The acquisition was accounted for as a business combination. We recorded a provisional allocation of the $777 million purchase price, primarily paid in cash, to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values, consisting primarily of $131 million in software assets. We also recorded adjustments to our provisional allocation of the purchase price as of March 31, 2022, resulting in $631 million in total goodwill. Our purchase price allocation is provisional as of March 31, 2022, and we expect to finalize as soon as practicable, but no later than one year from the date of acquisition.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2022
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. For the three months ended March 31, 2022 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 785 $ 1,406 $ 386 $ 51 $ 2,628 All others 327 239 272 26 864 Total $ 1,112 $ 1,645 $ 658 $ 77 $ 3,492 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,087 $ 1,248 $ 321 $ 70 $ 2,726 Software maintenance 1 87 130 — 218 Other recurring 22 52 23 — 97 Total recurring 1,110 1,387 474 70 3,041 Software license 1 30 74 — 105 Professional services — 142 110 1 253 Other non-recurring fees 1 86 — 6 93 Total $ 1,112 $ 1,645 $ 658 $ 77 $ 3,492 For the three months ended March 31, 2021 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 681 $ 1,311 $ 370 $ 58 $ 2,420 All others 285 229 255 34 803 Total $ 966 $ 1,540 $ 625 $ 92 $ 3,223 Type of Revenue: Recurring revenue: Transaction processing and services $ 943 $ 1,164 $ 291 $ 84 $ 2,482 Software maintenance 1 88 127 — 216 Other recurring 20 38 24 3 85 Total recurring 964 1,290 442 87 2,783 Software license 1 24 68 — 93 Professional services — 146 106 1 253 Other non-recurring fees 1 80 9 4 94 Total $ 966 $ 1,540 $ 625 $ 92 $ 3,223 Contract Balances The Company recognized revenue of $310 million and $327 million during the three months ended March 31, 2022 and 2021, 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 March 31, 2022, approximately $22.5 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 30% of the Banking Solutions and Capital Market Solutions segments' remaining performance obligations over the next 12 months, approximately another 21% 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	3 Months Ended
	Mar. 31, 2022
Condensed Consolidated Financial Statement Details [Abstract]
Condensed Consolidated Financial Statement Details	Condensed Consolidated Financial Statement Details Cash and Cash Equivalents The Company records restricted cash in captions other than Cash and cash equivalents in the consolidated balance sheets. The reconciliation between Cash and cash equivalents in the consolidated balance sheets and Cash, cash equivalents and restricted cash per the consolidated statements of cash flows is as follows (in millions): March 31, December 31, Cash and cash equivalents on the consolidated balance sheets $ 1,547 $ 2,010 Merchant float (in Settlement assets) 2,154 2,273 Total Cash and cash equivalents and restricted cash per the consolidated statements of cash flows $ 3,701 $ 4,283 Settlement Assets and Payables The principal components of the Company's settlement assets and payables on the consolidated balance sheets are as follows (in millions): March 31, December 31, Settlement assets Settlement deposits $ 527 $ 530 Merchant float 2,154 2,273 Settlement receivables 1,381 1,217 Total Settlement assets $ 4,062 $ 4,020 Settlement payables $ 5,228 $ 5,295 Allowance for Credit Losses The Company monitors trade receivable balances and 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. The allowance for credit losses is separate from the chargeback liability described in Note 8. While the COVID-19 pandemic did not result in a significant increase in the Company's expected credit loss allowance recorded as of March 31, 2022, and December 31, 2021, 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. Property and Equipment, Intangible Assets and Software The following table provides details of Property and equipment, Intangible assets and Software as of March 31, 2022, and December 31, 2021 (in millions): March 31, 2022 December 31, 2021 Cost Accumulated Net Cost Accumulated Net Property and equipment $ 2,511 $ 1,610 $ 901 $ 2,520 $ 1,571 $ 949 Intangible assets $ 18,734 $ 7,880 $ 10,854 $ 18,919 $ 7,380 $ 11,539 Software $ 6,384 $ 3,149 $ 3,235 $ 6,195 $ 2,896 $ 3,299 As of March 31, 2022, Intangible assets, net of amortization, includes $10,522 million of customer relationships and $332 million of trademarks and other intangible assets. Amortization expense with respect to Intangible assets was $557 million and $595 million for the three months ended March 31, 2022 and 2021, respectively. During the three months ended March 31, 2022, the Company recorded $62 million of incremental software amortization expense driven by the Company's platform modernization. Platform modernization includes sunsetting certain technology platforms, which resulted in shortened estimated useful lives and accelerated amortization methods primarily impacting the associated assets over approximately three years, beginning in the third quarter of 2021. Impairments During the three months ended March 31, 2022, the Company recorded $58 million of impairments primarily related to real estate-related assets as a result of office space reductions. Goodwill Changes in goodwill during the three months ended March 31, 2022, are summarized below (in millions). Capital Corporate Merchant Banking Market And Solutions Solutions Solutions Other Total Balance, December 31, 2021 $ 36,403 $ 12,244 $ 4,663 $ 20 $ 53,330 Foreign currency adjustments (323) (7) (23) — (353) Goodwill attributable to acquisitions 11 — — — 11 Balance, March 31, 2022 $ 36,091 $ 12,237 $ 4,640 $ 20 $ 52,988 We assess goodwill for impairment on an annual basis during the fourth quarter or more frequently if circumstances indicate potential impairment. Due to the continued economic impact of the COVID-19 pandemic, we evaluated if events and circumstances as of March 31, 2022, indicated potential impairment of our reporting units. We performed a qualitative assessment by examining factors most likely to affect our reporting units' fair values 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) forecast 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 March 31, 2022, we concluded that it remained more likely than not that the fair value continues to exceed the carrying amount for each of our reporting units; 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 or other macroeconomic conditions 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 proceeds from Visa Inc. in the form of cash ("cash consideration") and convertible preferred stock ("preferred stock"), the value of which may be reduced by losses incurred relating to ongoing interchange-related litigation involving Visa Europe. Also in connection with the disposal and pursuant to the terms of an amendment executed on September 17, 2020, the Company will pay the former Legacy Worldpay owners 90% of the net-of-tax proceeds from the disposal, known as contingent value rights, which is recorded as a liability ("CVR liability") on the consolidated balance sheets. The Company has elected the fair value option under ASC 825, Financial Instruments ("ASC 825"), for measuring its preferred stock asset and CVR liability. The fair value of the preferred stock was $213 million and $197 million at March 31, 2022, and December 31, 2021, respectively, recorded in Other noncurrent assets on the consolidated balance sheets. The fair value of the CVR liability was $469 million and $478 million at March 31, 2022, and December 31, 2021, respectively, recorded in Other noncurrent liabilities on the consolidated balance sheets. Pursuant to ASC 825, the Company remeasures the fair value of the preferred stock and CVR liability each reporting period. The net change in fair value was $25 million and $5 million for the three months ended March 31, 2022 and 2021, respectively, recorded in Other income (expense), net on the consolidated statements of earnings (loss). Equity Security Investments

Deferred Contract Costs

Deferred Contract Costs	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022, and December 31, 2021, consist of the following (in millions): March 31, 2022 December 31, 2021 Contract costs on implementations in progress $ 173 $ 218 Contract origination costs on completed implementations, net 584 553 Contract fulfillment costs on completed implementations, net 186 198 Total Deferred contract costs, net $ 943 $ 969 Amortization of deferred contract costs on completed implementations was $96 million and $68 million during the three months ended March 31, 2022 and 2021, respectively.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Long-term debt as of March 31, 2022, and December 31, 2021, consists of the following (in millions): March 31, 2022 Weighted Average Interest Interest March 31, December 31, Rates Rate (1) Maturities 2022 2021 Fixed Rate Notes Senior USD Notes 0.4% - 4.8% 1.9% 2023 - 2048 $ 6,909 $ 6,909 Senior Euro Notes 0.1% - 3.0% 1.2% 2022 - 2039 7,502 7,656 Senior GBP Notes 1.7% - 3.4% 1.6% 2022 - 2031 1,609 1,655 Revolving Credit Facility (2) 1.7% 2026 838 325 Other (3) (320) (103) Total long-term debt, including current portion 16,538 16,442 Current portion of long-term debt (2,330) (1,617) Long-term debt, excluding current portion $ 14,208 $ 14,825 (1) The weighted average interest rate includes the impact of interest rate swaps (see Note 7). (2) 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. (3) Other includes financing obligations for certain hardware and software, the fair value of interest rate swaps (see Note 7), unamortized non-cash bond discounts and unamortized debt issuance costs. Short-term borrowings as of March 31, 2022, and December 31, 2021, consist of the following (in millions): March 31, 2022 Weighted Average Interest March 31, December 31, Rate Maturities 2022 2021 Euro-commercial paper notes ("ECP Notes") (0.3) % Up to 183 days $ 1,689 $ 1,723 U.S. commercial paper notes ("USCP Notes") 0.8 % Up to 397 days 993 2,087 Other — 101 Total Short-term borrowings $ 2,682 $ 3,911 As of March 31, 2022, the weighted average interest rate of the Company's outstanding debt was 1.0%, including the impact of interest rate swaps (see Note 7). 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 swaps (see Note 7) and net unamortized non-cash bond discounts of $(324) million as of March 31, 2022 (in millions): Total 2022 remaining period $ 1,563 2023 2,163 2024 1,313 2025 701 2026 2,094 Thereafter 9,125 Total principal payments 16,959 Debt issuance costs, net of accumulated amortization (97) Total long-term debt $ 16,862 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 on March 2, 2026. Senior Notes In March 2021, pursuant to cash tender offers and make-whole redemptions, FIS purchased and redeemed an aggregate principal amount of $5.1 billion in Senior Notes, comprised of $3,529 million in Senior USD Notes, $600 million in Senior Euro Notes, $871 million in Senior GBP Notes, and $66 million in Senior Euro Floating Rate Notes, with interest rates ranging from 0.0% to 5.0% and maturities ranging from 2021 to 2029, resulting in a loss on extinguishment of debt of approximately $528 million, recorded in Other income (expense), net on the consolidated statement of earnings (loss), relating to tender premiums, make-whole amounts, and fees; the write-off of unamortized bond discounts and debt issuance costs; and losses on related derivative instruments. The Company funded the purchase and redemption of the Senior Notes with proceeds on borrowings from the issuance and sale of Senior USD Notes on March 2, 2021. On March 2, 2021, FIS completed the issuance and sale of Senior USD Notes with an aggregate principal amount of $5.5 billion with interest rates ranging from 0.4% to 3.1% and maturities ranging from 2023 to 2041 ("new Senior USD Notes"). The proceeds from the debt issuance were subsequently used to purchase and redeem the Senior Notes discussed above with the remainder used to repay a portion of our commercial paper notes. The new Senior USD Notes are subject to customary covenants, including, among others, customary events of default. The new Senior USD Notes also include redemption provisions at the option of FIS, similar to the other Senior Notes. Revolving Credit Facility On March 2, 2021, FIS entered into an amendment to the Revolving Credit Facility agreement to amend certain covenant provisions, revise lender commitments for certain counterparties, and extend the scheduled maturity date to March 2, 2026. As of March 31, 2022, the borrowing capacity under the Revolving Credit Facility was $1,980 million (net of $2,682 million of capacity backstopping our commercial paper notes). Fair Value of Debt

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Fair Value Hedges The Company holds interest rate swaps with aggregate notional amounts of $1,854 million, £925 million and €500 million at March 31, 2022, and December 31, 2021, converting the interest rate exposure on certain of the Company's Senior USD Notes, Senior GBP Notes and Senior Euro Notes, as applicable, from fixed to variable. These swaps are designated as fair value hedges for accounting purposes with a net liability fair value of $283 million and $85 million reflected as a decrease in the long-term debt balance at March 31, 2022, and December 31, 2021, respectively (see Note 6). 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) for the change in fair value as Foreign currency translation adjustments and related income tax (expense) benefit within Other comprehensive earnings (loss), net of tax, on the consolidated statements of comprehensive earnings (loss) of $260 million and $321 million during the three months ended March 31, 2022 and 2021, respectively. No ineffectiveness has been 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 March 31, 2022, and December 31, 2021, an aggregate €8,265 million and €8,275 million, respectively, wa s designated as a net investment hedge of the Company's investment in Euro-denominated operations related to Senior Euro Notes with maturities ranging from 2022 to 2039 and ECP Notes. As of March 31, 2022, and December 31, 2021, an aggregate £1,140 million and £1,193 million, respectively, 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 March 31, 2022, and December 31, 2021, aggregate notional amounts of €5,906 million and €5,906 million, respectively, were designated as net investment hedges of the Company's investment in Euro-denominated operations, and aggregate notional amounts of £2,386 million and £2,345 million, respectively, were designated as net investment hedges of the Company's Pound Sterling-denominated operations. The cross-currency interest rate swap fair values were net assets of $245 million at March 31, 2022, and net assets of $258 million at December 31, 2021, respectively. The Company recorded net cash inflows related to the fair value at maturity or termination of cross-currency interest rate swaps within Other investing activities, net, on the consolidated statements of cash flows of $135 million during the three months ended March 31, 2022.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies 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 $30 million, making the total potential exposure for all 38 claims approximately $41 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. Tax Receivable Agreement 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 2022, the Company exercised its second call option pursuant to the Amendment, which results in fixed cash payments to Fifth Third of $186 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 sheets as of March 31, 2022, and December 31, 2021, include a total liability of $405 million and $451 million, respectively, relating to the TRA. Chargeback Liability Through services offered in our Merchant Solutions segment, the Company is exposed to potential 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. The economic impact of the COVID-19 pandemic has not resulted in material chargeback losses as of March 31, 2022; however, 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 future chargeback 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 customers that its software operates substantially in accordance with the software specifications. Historically, no material costs have been incurred related to software warranties, and no accruals for warranty costs have been made.

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock Compensation Plans	Stock Compensation PlansOn January 1, 2021, the Company established a Qualified Retirement Equity Program that modified our existing stock compensation plans. The modification implemented a new retirement policy that permits retirees that meet certain eligibility criteria to continue vesting in unvested equity awards in accordance with the terms of the respective grant agreements, resulting in accelerated stock compensation expense for those employees meeting the definition of retirement eligible. During the quarter ended March 31, 2021, the Company recorded $104 million in accelerated stock compensation expense included in Selling, general, and administrative expenses in the consolidated statement of earnings to reflect the impact of the modification on unvested equity awards outstanding at January 1, 2021.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company held a noncontrolling ownership stake in Cardinal Holdings ("Cardinal"), which operated the Capco consulting business, through April 29, 2021, when we sold our ownership stake due to an acquisition transaction of the Capco consulting business by Wipro Ltd. Prior to the sale, the Company recorded the ownership stake in Cardinal as an equity method investment included within Other noncurrent assets on the consolidated balance sheet. FIS provides ongoing management consulting services and other services to Cardinal. FIS also purchases services and software licenses from Cardinal from time to time. Cardinal was a related party through April 29, 2021. Amounts transacted through these agreements were not significant to the 2021 period presented when Cardinal was a related party.

Net Earnings (Loss) per Share

Net Earnings (Loss) per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Earnings (Loss) per Share	Net Earnings (Loss) per Share The basic weighted average shares and common stock equivalents for the three months ended March 31, 2022 and 2021, were computed using the treasury stock method. The following table summarizes net earnings (loss) and net earnings (loss) per share attributable to FIS common stockholders for the three months ended March 31, 2022 and 2021 (in millions, except per share amounts): Three months ended March 31, 2022 2021 Net earnings (loss) attributable to FIS common stockholders $ 120 $ (373) Weighted average shares outstanding-basic 610 621 Plus: Common stock equivalent shares 4 — Weighted average shares outstanding-diluted 614 621 Net earnings (loss) per share-basic attributable to FIS common stockholders $ 0.20 $ (0.60) Net earnings (loss) per share-diluted attributable to FIS common stockholders $ 0.20 $ (0.60) The diluted net loss per share for the three months ended March 31, 2021, did not include the effect of common stock equivalent shares of 5 million because the effect would have been anti-dilutive. The diluted net earnings (loss) per share for the three months ended March 31, 2022 and 2021, did not include options to purchase approximately 5 million and 1 million shares of our common stock for the three months ended March 31, 2022 and 2021, respectively, because they were anti-dilutive.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
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. 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, authorize and settle electronic payment transactions. Merchant includes all aspects of payment processing, including value-added services, such as security, fraud prevention, advanced data analytics, foreign currency management and numerous funding options. Merchant serves clients in over 100 countries. Our Merchant clients are highly-diversified, including global enterprises, national retailers 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 access to new and existing markets. Banking Solutions ("Banking") The Banking segment is focused on serving financial institutions of all sizes with core processing software, transaction processing software and complementary applications and services, many of which interact directly with core processing software. We sell these solutions and services on either a bundled or stand-alone basis. 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 100 countries. 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, 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 that we plan to wind down or sell. 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. In the Corporate and Other segment, for the three months ended March 31, 2022, the Company recorded acquisition and integration costs primarily related to the Worldpay acquisition as well as certain other costs, including cost associated with the Company's platform modernization totaling $80 million. The Company also recorded $58 million of asset impairments primarily for real estate-related assets as a result of office space reductions as well as $52 million of incremental amortization expense associated with shortened estimated useful lives and accelerated amortization methods for certain software and deferred contract cost assets driven by the Company's platform modernization for the three months ended March 31, 2022. For the three months ended March 31, 2021, the Company also recorded $104 million in accelerated stock compensation expense to reflect the impact of establishing a Qualified Retirement Equity Program that modified unvested equity awards outstanding at January 1, 2021 (see Note 9) as well as costs related to data center consolidation activities totaling $15 million. In addition, the Company recorded incremental costs directly related to COVID-19 of $9 million for the three months ended March 31, 2021. 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 net earnings (loss) before net interest expense, net other income (expense), income tax provision (benefit), equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs and other transactions that management deems non-operational in nature. The non-operational items affecting the segment profit measure generally include the purchase price amortization of acquired intangible assets as well as acquisition, integration and certain other costs and asset impairments. Adjusted EBITDA also excludes incremental and direct costs resulting from the COVID-19 pandemic. 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 March 31, 2022 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 1,112 $ 1,645 $ 658 $ 77 $ 3,492 Operating expenses (682) (1,099) (439) (1,115) (3,335) Depreciation and amortization (including purchase accounting amortization) 92 151 89 681 1,013 Acquisition, integration and other costs — — — 190 190 Asset impairments — — — 58 58 Adjusted EBITDA $ 522 $ 697 $ 308 $ (109) $ 1,418 Adjusted EBITDA $ 1,418 Depreciation and amortization (363) Purchase accounting amortization (650) Acquisition, integration and other costs (190) Asset impairments (58) Interest expense, net (43) Other income (expense), net 61 (Provision) benefit for income taxes (54) Net earnings attributable to noncontrolling interest (1) Net earnings attributable to FIS common stockholders $ 120 Capital expenditures $ 143 $ 158 $ 84 $ 27 $ 412 For the three months ended March 31, 2021 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 966 $ 1,540 $ 625 $ 92 $ 3,223 Operating expenses (603) (1,018) (419) (1,084) (3,124) Depreciation and amortization (including purchase accounting amortization) 88 145 82 638 953 Acquisition, integration and other costs — — — 256 256 Adjusted EBITDA $ 451 $ 667 $ 288 $ (98) $ 1,308 Adjusted EBITDA $ 1,308 Depreciation and amortization (279) Purchase accounting amortization (674) Acquisition, integration and other costs (256) Interest expense, net (74) Other income (expense), net (493) (Provision) benefit for income taxes 97 Equity method investment earnings (loss) 1 Net earnings attributable to noncontrolling interest (3) Net earnings attributable to FIS common stockholders $ (373) Capital expenditures $ 104 $ 106 $ 54 $ 34 $ 298

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [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, 2021. 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 and any recurrence or new strain of COVID-19, its severity, the success of vaccines or other 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.
Allowance for Credit Losses	The Company monitors trade receivable balances and 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. The allowance for credit losses is separate from the chargeback liability described in Note 8.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	For the three months ended March 31, 2022 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 785 $ 1,406 $ 386 $ 51 $ 2,628 All others 327 239 272 26 864 Total $ 1,112 $ 1,645 $ 658 $ 77 $ 3,492 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,087 $ 1,248 $ 321 $ 70 $ 2,726 Software maintenance 1 87 130 — 218 Other recurring 22 52 23 — 97 Total recurring 1,110 1,387 474 70 3,041 Software license 1 30 74 — 105 Professional services — 142 110 1 253 Other non-recurring fees 1 86 — 6 93 Total $ 1,112 $ 1,645 $ 658 $ 77 $ 3,492 For the three months ended March 31, 2021 (in millions): Reportable Segments Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Primary Geographical Markets: North America $ 681 $ 1,311 $ 370 $ 58 $ 2,420 All others 285 229 255 34 803 Total $ 966 $ 1,540 $ 625 $ 92 $ 3,223 Type of Revenue: Recurring revenue: Transaction processing and services $ 943 $ 1,164 $ 291 $ 84 $ 2,482 Software maintenance 1 88 127 — 216 Other recurring 20 38 24 3 85 Total recurring 964 1,290 442 87 2,783 Software license 1 24 68 — 93 Professional services — 146 106 1 253 Other non-recurring fees 1 80 9 4 94 Total $ 966 $ 1,540 $ 625 $ 92 $ 3,223

Condensed Consolidated Financ_2

Condensed Consolidated Financial Statement Details (Tables)	3 Months Ended
	Mar. 31, 2022
Condensed Consolidated Financial Statement Details [Abstract]
Schedule of Restricted Cash and Cash Equivalents	The reconciliation between Cash and cash equivalents in the consolidated balance sheets and Cash, cash equivalents and restricted cash per the consolidated statements of cash flows is as follows (in millions): March 31, December 31, Cash and cash equivalents on the consolidated balance sheets $ 1,547 $ 2,010 Merchant float (in Settlement assets) 2,154 2,273 Total Cash and cash equivalents and restricted cash per the consolidated statements of cash flows $ 3,701 $ 4,283
Schedule Of Settlement Assets and Payables	The principal components of the Company's settlement assets and payables on the consolidated balance sheets are as follows (in millions): March 31, December 31, Settlement assets Settlement deposits $ 527 $ 530 Merchant float 2,154 2,273 Settlement receivables 1,381 1,217 Total Settlement assets $ 4,062 $ 4,020 Settlement payables $ 5,228 $ 5,295
Schedule of Cash and Cash Equivalents	The reconciliation between Cash and cash equivalents in the consolidated balance sheets and Cash, cash equivalents and restricted cash per the consolidated statements of cash flows is as follows (in millions): March 31, December 31, Cash and cash equivalents on the consolidated balance sheets $ 1,547 $ 2,010 Merchant float (in Settlement assets) 2,154 2,273 Total Cash and cash equivalents and restricted cash per the consolidated statements of cash flows $ 3,701 $ 4,283
Schedule of Property and Equipment, Intangible Assets and Software	The following table provides details of Property and equipment, Intangible assets and Software as of March 31, 2022, and December 31, 2021 (in millions): March 31, 2022 December 31, 2021 Cost Accumulated Net Cost Accumulated Net Property and equipment $ 2,511 $ 1,610 $ 901 $ 2,520 $ 1,571 $ 949 Intangible assets $ 18,734 $ 7,880 $ 10,854 $ 18,919 $ 7,380 $ 11,539 Software $ 6,384 $ 3,149 $ 3,235 $ 6,195 $ 2,896 $ 3,299
Schedule of Goodwill	Changes in goodwill during the three months ended March 31, 2022, are summarized below (in millions). Capital Corporate Merchant Banking Market And Solutions Solutions Solutions Other Total Balance, December 31, 2021 $ 36,403 $ 12,244 $ 4,663 $ 20 $ 53,330 Foreign currency adjustments (323) (7) (23) — (353) Goodwill attributable to acquisitions 11 — — — 11 Balance, March 31, 2022 $ 36,091 $ 12,237 $ 4,640 $ 20 $ 52,988

Deferred Contract Costs (Tables

Deferred Contract Costs (Tables)	3 Months Ended
	Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Deferred Contract Cost	Origination and fulfillment costs from contracts with customers capitalized as of March 31, 2022, and December 31, 2021, consist of the following (in millions): March 31, 2022 December 31, 2021 Contract costs on implementations in progress $ 173 $ 218 Contract origination costs on completed implementations, net 584 553 Contract fulfillment costs on completed implementations, net 186 198 Total Deferred contract costs, net $ 943 $ 969

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt as of March 31, 2022, and December 31, 2021, consists of the following (in millions): March 31, 2022 Weighted Average Interest Interest March 31, December 31, Rates Rate (1) Maturities 2022 2021 Fixed Rate Notes Senior USD Notes 0.4% - 4.8% 1.9% 2023 - 2048 $ 6,909 $ 6,909 Senior Euro Notes 0.1% - 3.0% 1.2% 2022 - 2039 7,502 7,656 Senior GBP Notes 1.7% - 3.4% 1.6% 2022 - 2031 1,609 1,655 Revolving Credit Facility (2) 1.7% 2026 838 325 Other (3) (320) (103) Total long-term debt, including current portion 16,538 16,442 Current portion of long-term debt (2,330) (1,617) Long-term debt, excluding current portion $ 14,208 $ 14,825 (1) The weighted average interest rate includes the impact of interest rate swaps (see Note 7). (2) 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. (3) Other includes financing obligations for certain hardware and software, the fair value of interest rate swaps (see Note 7), unamortized non-cash bond discounts and unamortized debt issuance costs.
Schedule of Short-Term Debt	Short-term borrowings as of March 31, 2022, and December 31, 2021, consist of the following (in millions): March 31, 2022 Weighted Average Interest March 31, December 31, Rate Maturities 2022 2021 Euro-commercial paper notes ("ECP Notes") (0.3) % Up to 183 days $ 1,689 $ 1,723 U.S. commercial paper notes ("USCP Notes") 0.8 % Up to 397 days 993 2,087 Other — 101 Total Short-term borrowings $ 2,682 $ 3,911
Schedule of 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 swaps (see Note 7) and net unamortized non-cash bond discounts of $(324) million as of March 31, 2022 (in millions): Total 2022 remaining period $ 1,563 2023 2,163 2024 1,313 2025 701 2026 2,094 Thereafter 9,125 Total principal payments 16,959 Debt issuance costs, net of accumulated amortization (97) Total long-term debt $ 16,862

Net Earnings (Loss) per Share (

Net Earnings (Loss) per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per Share Attributable to FIS Common Stockholders	The following table summarizes net earnings (loss) and net earnings (loss) per share attributable to FIS common stockholders for the three months ended March 31, 2022 and 2021 (in millions, except per share amounts): Three months ended March 31, 2022 2021 Net earnings (loss) attributable to FIS common stockholders $ 120 $ (373) Weighted average shares outstanding-basic 610 621 Plus: Common stock equivalent shares 4 — Weighted average shares outstanding-diluted 614 621 Net earnings (loss) per share-basic attributable to FIS common stockholders $ 0.20 $ (0.60) Net earnings (loss) per share-diluted attributable to FIS common stockholders $ 0.20 $ (0.60)

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of 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 March 31, 2022 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 1,112 $ 1,645 $ 658 $ 77 $ 3,492 Operating expenses (682) (1,099) (439) (1,115) (3,335) Depreciation and amortization (including purchase accounting amortization) 92 151 89 681 1,013 Acquisition, integration and other costs — — — 190 190 Asset impairments — — — 58 58 Adjusted EBITDA $ 522 $ 697 $ 308 $ (109) $ 1,418 Adjusted EBITDA $ 1,418 Depreciation and amortization (363) Purchase accounting amortization (650) Acquisition, integration and other costs (190) Asset impairments (58) Interest expense, net (43) Other income (expense), net 61 (Provision) benefit for income taxes (54) Net earnings attributable to noncontrolling interest (1) Net earnings attributable to FIS common stockholders $ 120 Capital expenditures $ 143 $ 158 $ 84 $ 27 $ 412 For the three months ended March 31, 2021 (in millions): Capital Merchant Banking Market Corporate Solutions Solutions Solutions and Other Total Revenue $ 966 $ 1,540 $ 625 $ 92 $ 3,223 Operating expenses (603) (1,018) (419) (1,084) (3,124) Depreciation and amortization (including purchase accounting amortization) 88 145 82 638 953 Acquisition, integration and other costs — — — 256 256 Adjusted EBITDA $ 451 $ 667 $ 288 $ (98) $ 1,308 Adjusted EBITDA $ 1,308 Depreciation and amortization (279) Purchase accounting amortization (674) Acquisition, integration and other costs (256) Interest expense, net (74) Other income (expense), net (493) (Provision) benefit for income taxes 97 Equity method investment earnings (loss) 1 Net earnings attributable to noncontrolling interest (3) Net earnings attributable to FIS common stockholders $ (373) Capital expenditures $ 104 $ 106 $ 54 $ 34 $ 298

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Dec. 23, 2021	Mar. 31, 2022	Dec. 31, 2021
Business Acquisition
Goodwill		$ 52,988	$ 53,330
Payrix Acquisition
Business Acquisition
Percentage of equity interests acquired	100.00%
Purchase price	$ 777
Goodwill	631
Payrix Acquisition | Computer software, intangible asset
Business Acquisition
Identifiable finite lived intangibles assets acquired	$ 131

Revenue - Disaggregate Revenue

Revenue - Disaggregate Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue
Revenue	$ 3,492	$ 3,223
Recurring
Disaggregation of Revenue
Revenue	3,041	2,783
Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	2,726	2,482
Software maintenance | Recurring
Disaggregation of Revenue
Revenue	218	216
Other recurring | Recurring
Disaggregation of Revenue
Revenue	97	85
Software license | Non-recurring
Disaggregation of Revenue
Revenue	105	93
Professional services | Non-recurring
Disaggregation of Revenue
Revenue	253	253
Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	93	94
North America
Disaggregation of Revenue
Revenue	2,628	2,420
All others
Disaggregation of Revenue
Revenue	864	803
Corporate and Other
Disaggregation of Revenue
Revenue	77	92
Corporate and Other | Recurring
Disaggregation of Revenue
Revenue	70	87
Corporate and Other | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	70	84
Corporate and Other | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	0	0
Corporate and Other | Other recurring | Recurring
Disaggregation of Revenue
Revenue	0	3
Corporate and Other | Software license | Non-recurring
Disaggregation of Revenue
Revenue	0	0
Corporate and Other | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	1	1
Corporate and Other | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	6	4
Corporate and Other | North America
Disaggregation of Revenue
Revenue	51	58
Corporate and Other | All others
Disaggregation of Revenue
Revenue	26	34
Operating segments
Disaggregation of Revenue
Revenue	3,492	3,223
Operating segments | Merchant Solutions
Disaggregation of Revenue
Revenue	1,112	966
Operating segments | Merchant Solutions | Recurring
Disaggregation of Revenue
Revenue	1,110	964
Operating segments | Merchant Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	1,087	943
Operating segments | Merchant Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	1	1
Operating segments | Merchant Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	22	20
Operating segments | Merchant Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	1	1
Operating segments | Merchant Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	0	0
Operating segments | Merchant Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	1	1
Operating segments | Merchant Solutions | North America
Disaggregation of Revenue
Revenue	785	681
Operating segments | Merchant Solutions | All others
Disaggregation of Revenue
Revenue	327	285
Operating segments | Banking Solutions
Disaggregation of Revenue
Revenue	1,645	1,540
Operating segments | Banking Solutions | Recurring
Disaggregation of Revenue
Revenue	1,387	1,290
Operating segments | Banking Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	1,248	1,164
Operating segments | Banking Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	87	88
Operating segments | Banking Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	52	38
Operating segments | Banking Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	30	24
Operating segments | Banking Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	142	146
Operating segments | Banking Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	86	80
Operating segments | Banking Solutions | North America
Disaggregation of Revenue
Revenue	1,406	1,311
Operating segments | Banking Solutions | All others
Disaggregation of Revenue
Revenue	239	229
Operating segments | Capital Market Solutions
Disaggregation of Revenue
Revenue	658	625
Operating segments | Capital Market Solutions | Recurring
Disaggregation of Revenue
Revenue	474	442
Operating segments | Capital Market Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	321	291
Operating segments | Capital Market Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	130	127
Operating segments | Capital Market Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	23	24
Operating segments | Capital Market Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	74	68
Operating segments | Capital Market Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	110	106
Operating segments | Capital Market Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	0	9
Operating segments | Capital Market Solutions | North America
Disaggregation of Revenue
Revenue	386	370
Operating segments | Capital Market Solutions | All others
Disaggregation of Revenue
Revenue	272	255
Operating segments | Corporate and Other
Disaggregation of Revenue
Revenue	$ 77	$ 92

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from contract liability	$ 310	$ 327
Remaining revenue recognition	$ 22,500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining performance obligation, percentage	30.00%
Performance obligations expected to be satisfied, expected timing	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining performance obligation, percentage	21.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Performance obligations expected to be satisfied, expected timing	13 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Performance obligations expected to be satisfied, expected timing	24 months

Condensed Consolidated Financ_3

Condensed Consolidated Financial Statement Details - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Condensed Consolidated Financial Statement Details [Abstract]
Cash and cash equivalents on the consolidated balance sheets	$ 1,547	$ 2,010
Merchant float (in Settlement assets)	2,154	2,273
Total Cash and cash equivalents and restricted cash per the consolidated statements of cash flows	$ 3,701	$ 4,283	$ 3,124	$ 4,030

Condensed Consolidated Financ_4

Condensed Consolidated Financial Statement Details - Settlement Assets and Payables (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Settlement assets
Settlement deposits	$ 527	$ 530
Merchant float	2,154	2,273
Settlement receivables	1,381	1,217
Total Settlement assets	4,062	4,020
Settlement payables	$ 5,228	$ 5,295

Condensed Consolidated Financ_5

Condensed Consolidated Financial Statement Details - Schedule of Property and Equipment, Intangible Assets and Software (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Condensed Consolidated Financial Statement Details [Abstract]
Property and equipment, cost	$ 2,511	$ 2,520
Property and equipment, accumulated depreciation and amortization	1,610	1,571
Property and equipment, net	901	949
Intangible assets, cost	18,734	18,919
Intangible assets, accumulated depreciation and amortization	7,880	7,380
Intangible assets, net	10,854	11,539
Software, cost	6,384	6,195
Software, accumulated depreciation and amortization	3,149	2,896
Software, net	$ 3,235	$ 3,299

Condensed Consolidated Financ_6

Condensed Consolidated Financial Statement Details - Intangible Assets, Software and Impairments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Impairment of real estate	$ 58
Platform Initiatives
Finite-Lived Intangible Assets [Line Items]
Software amortization expense	62
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	10,522
Amortization expense of intangible assets	557
Trademarks and Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 332
Amortization expense of intangible assets		$ 595

Condensed Consolidated Financ_7

Condensed Consolidated Financial Statement Details - Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill
Beginning balance	$ 53,330
Foreign currency adjustments	(353)
Goodwill attributable to acquisitions	11
Ending balance	52,988
Corporate And Other
Goodwill
Beginning balance	20
Foreign currency adjustments	0
Goodwill attributable to acquisitions	0
Ending balance	20
Operating segments | Merchant Solutions
Goodwill
Beginning balance	36,403
Foreign currency adjustments	(323)
Goodwill attributable to acquisitions	11
Ending balance	36,091
Operating segments | Banking Solutions
Goodwill
Beginning balance	12,244
Foreign currency adjustments	(7)
Goodwill attributable to acquisitions	0
Ending balance	12,237
Operating segments | Capital Market Solutions
Goodwill
Beginning balance	4,663
Foreign currency adjustments	(23)
Goodwill attributable to acquisitions	0
Ending balance	$ 4,640

Condensed Consolidated Financ_8

Condensed Consolidated Financial Statement Details - Visa Europe and Contingent Value Rights - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Contingent Value Rights [Line Items]
Contingent value rights, fair value	$ 469		$ 478
Other nonoperating income (expense)
Contingent Value Rights [Line Items]
Contingent value rights at fair value, increase	$ 25	$ 5
Visa Europe to Visa, Inc.
Contingent Value Rights [Line Items]
Percentage of disposal proceeds due to counterparty, net of tax (percent)	90.00%
Contingent value rights	$ 213		$ 197

Condensed Consolidated Financ_9

Condensed Consolidated Financial Statement Details - Equity Security Investments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Other nonoperating income (expense)
Equity Securities without Readily Determinable Fair Value [Line Items]
Gains and losses on investments, realized and unrealized	$ 41	$ 15
Other Noncurrent Assets
Equity Securities without Readily Determinable Fair Value [Line Items]
Equity securities without readily determinable fair values	$ 409		$ 358

Deferred Contract Costs - Sched

Deferred Contract Costs - Schedule of Deferred Contract Cost (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Capitalized Contract Cost
Total Deferred contract costs, net	$ 943	$ 969
Contract costs on implementations in progress
Capitalized Contract Cost
Total Deferred contract costs, net	173	218
Contract origination costs on completed implementations, net
Capitalized Contract Cost
Total Deferred contract costs, net	584	553
Contract fulfillment costs on completed implementations, net
Capitalized Contract Cost
Total Deferred contract costs, net	$ 186	$ 198

Deferred Contract Costs - Narra

Deferred Contract Costs - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Capitalized Contract Cost
Amortization of contract costs	$ 96	$ 68
Platform Initiatives
Capitalized Contract Cost
Amortization of contract costs	$ 16

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Mar. 02, 2021
Long-Term Debt
Other	$ (320)	$ (103)
Total long-term debt	16,538	16,442
Current portion of long-term debt	(2,330)	(1,617)
Long-term debt, excluding current portion	$ 14,208	14,825
Revolving Credit Facility
Long-Term Debt
Weighted average interest rate	1.70%
Revolving credit facility	$ 838	325
Unused commitment fee	0.225%
Revolving Credit Facility | Maximum | One month LIBOR
Long-Term Debt
Applicable margin	1.625%
Senior notes | Minimum
Long-Term Debt
Debt instrument, stated percentage			0.00%
Senior notes | Maximum
Long-Term Debt
Debt instrument, stated percentage			5.00%
Senior notes | Senior USD Notes
Long-Term Debt
Weighted average interest rate	1.90%
Senior notes	$ 6,909	6,909
Senior notes | Senior USD Notes | Minimum
Long-Term Debt
Debt instrument, stated percentage	0.40%			0.40%
Senior notes | Senior USD Notes | Maximum
Long-Term Debt
Debt instrument, stated percentage	4.80%			3.10%
Senior notes | Senior Euro Notes
Long-Term Debt
Weighted average interest rate	1.20%
Senior notes	$ 7,502	7,656
Senior notes | Senior Euro Notes | Minimum
Long-Term Debt
Debt instrument, stated percentage	0.10%
Senior notes | Senior Euro Notes | Maximum
Long-Term Debt
Debt instrument, stated percentage	3.00%
Senior notes | Senior GBP Notes
Long-Term Debt
Weighted average interest rate	1.60%
Senior notes	$ 1,609	$ 1,655
Senior notes | Senior GBP Notes | Minimum
Long-Term Debt
Debt instrument, stated percentage	1.70%
Senior notes | Senior GBP Notes | Maximum
Long-Term Debt
Debt instrument, stated percentage	3.40%

Debt - Short-Term Debt (Details

Debt - Short-Term Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Short-term Debt
Other	$ 0	$ 101
Short-term borrowings	$ 2,682	3,911
Commercial paper | FIS credit agreements | Euro-commercial paper notes ("ECP Notes")
Short-term Debt
Short term debt, weighted average interest rate	(0.30%)
Maturities	183 days
Commercial paper	$ 1,689	1,723
Commercial paper | FIS credit agreements | U.S. commercial paper notes ("USCP Notes")
Short-term Debt
Short term debt, weighted average interest rate	0.80%
Maturities	397 days
Commercial paper	$ 993	$ 2,087

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 02, 2021
Debt Instrument
Debt, weighted average interest rate		1.00%
Repayments of long-term debt		$ 16,609,000,000	$ 14,364,000,000
Loss on extinguishment of debt		0	$ 528,000,000
Difference in carrying value and fair value of long term debt		437,000,000		$ 570,000,000
Revolving Credit Facility
Debt Instrument
Borrowing capacity remaining		1,980,000,000
Line of credit facility, capacity backstopped		2,682,000,000
FIS credit agreements
Debt Instrument
Unamortized discount (premium), net		$ (324,000,000)
Senior notes
Debt Instrument
Repayments of long-term debt	$ 5,100,000,000
Loss on extinguishment of debt	$ 528,000,000
Senior notes | Minimum
Debt Instrument
Debt instrument, stated percentage	0.00%		0.00%
Senior notes | Maximum
Debt Instrument
Debt instrument, stated percentage	5.00%		5.00%
Senior notes | Senior USD Notes
Debt Instrument
Repayments of long-term debt	$ 3,529,000,000
Principal amount of debt					$ 5,500,000,000
Senior notes | Senior USD Notes | Minimum
Debt Instrument
Debt instrument, stated percentage		0.40%			0.40%
Senior notes | Senior USD Notes | Maximum
Debt Instrument
Debt instrument, stated percentage		4.80%			3.10%
Senior notes | Senior Euro Notes
Debt Instrument
Repayments of long-term debt	600,000,000
Senior notes | Senior Euro Notes | Minimum
Debt Instrument
Debt instrument, stated percentage		0.10%
Senior notes | Senior Euro Notes | Maximum
Debt Instrument
Debt instrument, stated percentage		3.00%
Senior notes | Senior GBP Notes
Debt Instrument
Repayments of long-term debt	871,000,000
Senior notes | Senior GBP Notes | Minimum
Debt Instrument
Debt instrument, stated percentage		1.70%
Senior notes | Senior GBP Notes | Maximum
Debt Instrument
Debt instrument, stated percentage		3.40%
Senior notes | Senior Euro Floating Rate Notes
Debt Instrument
Repayments of long-term debt	$ 66,000,000

Debt - Principal Maturities of

Debt - Principal Maturities of Long-Term Debt (Details) - FIS credit agreements $ in Millions	Mar. 31, 2022USD ($)
Principal maturities of long-term debt
2022 remaining period	$ 1,563
2023	2,163
2024	1,313
2025	701
2026	2,094
Thereafter	9,125
Total principal payments	16,959
Debt issuance costs, net of accumulated amortization	(97)
Total long-term debt	$ 16,862

Financial Instruments (Details)

Financial Instruments (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022GBP (£)	Mar. 31, 2022EUR (€)	Dec. 31, 2021USD ($)	Dec. 31, 2021GBP (£)	Dec. 31, 2021EUR (€)
Derivative [Line Items]
Other investing activities, net	$ (122)	$ 23
Net investment hedges | Senior Euro Notes Maturing 2022 to 2039 and ECP Notes | Senior notes
Derivative [Line Items]
Notional amount | €				€ 8,265			€ 8,275
Net investment hedges | Sterling senior notes due 2022 to 2031 | Senior notes
Derivative [Line Items]
Notional amount | £			£ 1,140			£ 1,193
Interest rate swap
Derivative [Line Items]
Other investing activities, net	135
Interest rate swap | Fair value hedging
Derivative [Line Items]
Notional amount	1,854		925	500	$ 1,854	925	500
Derivative liability fair value	283
Derivative asset fair value					85
Interest rate swap | Net investment hedges
Derivative [Line Items]
Derivative asset fair value	245				$ 258
Currency forward contract | Net investment hedges
Derivative [Line Items]
Gain (loss) for the change in fair value on derivative used in net investment hedge, after tax, recorded in other comprehensive earnings loss	$ 260	$ 321
Currency swap | Net investment hedges
Derivative [Line Items]
Notional amount			£ 2,386	€ 5,906		£ 2,345	€ 5,906

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	1 Months Ended	123 Months Ended
	Jan. 31, 2022USD ($)	Mar. 31, 2022USD ($)claim	Dec. 31, 2021USD ($)
Loss Contingencies
Tax receivable agreement commitment (percent)		85.00%
Payments from the exercise of call options	$ 186
Tax receivable agreement obligations		$ 405	$ 451
Pending litigation | Potential tax liability | Secretariat of the federal revenue bureau of brazil
Loss Contingencies
Loss contingency, number of claims pending | claim		14
Loss contingency, value of damages sought		$ 11
Loss contingency, number of potential new claims filed | claim		24
Loss contingency, potential additional claims amount sought		$ 30
Loss contingency, number of total pending and potential pending claims | claim		38
Pending litigation | Potential tax liability | Secretariat of the federal revenue bureau of brazil | Maximum
Loss Contingencies
Loss contingency, estimate of possible loss		$ 41

Stock Compensation Plans (Detai

Stock Compensation Plans (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated stock compensation expense	$ 104
Qualified Retirement Equity Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated stock compensation expense	$ 104

Net Earnings (Loss) per Share -

Net Earnings (Loss) per Share - Schedule of Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net earnings (loss) attributable to FIS common stockholders	$ 120	$ (373)
Weighted average shares outstanding-basic (in shares)	610	621
Plus: Common stock equivalent shares (in shares)	4	0
Weighted average shares outstanding-diluted (in shares)	614	621
Net earnings (loss) per share-basic attributable to FIS common stockholders (in dollars per share)	$ 0.20	$ (0.60)
Net earnings (loss) per share-diluted attributable to FIS common stockholders (in dollars per share)	$ 0.20	$ (0.60)

Net Earnings (Loss) per Share_2

Net Earnings (Loss) per Share - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jan. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (less than) (in shares)		5,000,000
Number of shares authorized to be repurchased (in shares)			100,000,000
Remaining number of shares authorized to be repurchased (in shares)	85,000,000
Share-based Payment Arrangement, Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (less than) (in shares)	5,000,000	1,000,000

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)country	Mar. 31, 2021USD ($)
Segment Reporting Information
Asset impairments	$ 58	$ 0
Accelerated stock compensation expense		104
Platform Initiatives
Segment Reporting Information
Process automation costs	80
Incremental charges	52
Software and Deferred Contract Cost Assets | Platform Initiatives
Segment Reporting Information
Asset impairments	$ 58
COVID-19 Pandemic
Segment Reporting Information
Incremental charges		9
Worldpay
Segment Reporting Information
Data center consolidation costs		$ 15
Merchant Solutions | Minimum
Segment Reporting Information
Number of countries we operate in (more than) | country	100
Banking Solutions | Minimum
Segment Reporting Information
Number of countries we operate in (more than) | country	100
Capital Market Solutions | Minimum
Segment Reporting Information
Number of countries we operate in (more than) | country	100

Segment Information - Summarize

Segment Information - Summarized Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Information
Revenue	$ 3,492	$ 3,223
Depreciation and amortization (including purchase accounting amortization)	1,013	953
Asset impairments	58	0
Interest expense, net	(43)	(74)
Other income (expense), net	61	(493)
(Provision) benefit for income taxes	(54)	97
Equity method investment earnings (loss)	0	1
Net earnings attributable to noncontrolling interest	(1)	(3)
Net earnings (loss) attributable to FIS common stockholders	120	(373)
Capital expenditures	412	298
Merchant Solutions
Segment Information
Capital expenditures	143	104
Banking Solutions
Segment Information
Capital expenditures	158	106
Capital Market Solutions
Segment Information
Capital expenditures	84	54
Corporate and Other
Segment Information
Revenue	77	92
Capital expenditures	27	34
Operating segments
Segment Information
Revenue	3,492	3,223
Operating expenses	(3,335)	(3,124)
Depreciation and amortization (including purchase accounting amortization)	1,013	953
Acquisition, integration and other costs	190	256
Asset impairments	58
Adjusted EBITDA	1,418	1,308
Acquisition, integration and other costs	(190)	(256)
Operating segments | Merchant Solutions
Segment Information
Revenue	1,112	966
Operating expenses	(682)	(603)
Depreciation and amortization (including purchase accounting amortization)	92	88
Acquisition, integration and other costs	0	0
Asset impairments	0
Adjusted EBITDA	522	451
Acquisition, integration and other costs	0	0
Operating segments | Banking Solutions
Segment Information
Revenue	1,645	1,540
Operating expenses	(1,099)	(1,018)
Depreciation and amortization (including purchase accounting amortization)	151	145
Acquisition, integration and other costs	0	0
Asset impairments	0
Adjusted EBITDA	697	667
Acquisition, integration and other costs	0	0
Operating segments | Capital Market Solutions
Segment Information
Revenue	658	625
Operating expenses	(439)	(419)
Depreciation and amortization (including purchase accounting amortization)	89	82
Acquisition, integration and other costs	0	0
Asset impairments	0
Adjusted EBITDA	308	288
Acquisition, integration and other costs	0	0
Operating segments | Corporate and Other
Segment Information
Revenue	77	92
Operating expenses	(1,115)	(1,084)
Depreciation and amortization (including purchase accounting amortization)	681	638
Acquisition, integration and other costs	190	256
Asset impairments	58
Adjusted EBITDA	(109)	(98)
Acquisition, integration and other costs	(190)	(256)
Segment reconciling items
Segment Information
Acquisition, integration and other costs	190	256
Asset impairments	(58)
Adjusted EBITDA	1,418	1,308
Depreciation and amortization	(363)	(279)
Purchase accounting amortization	(650)	(674)
Acquisition, integration and other costs	(190)	(256)
Interest expense, net	(43)	(74)
Other income (expense), net	61	(493)
(Provision) benefit for income taxes	$ (54)	$ 97