Fidelity National Information Services (FIS) 10-Q 6 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	347 Riverside Avenue
Entity Address, City	Jacksonville
Entity Address, State	FL
Entity Address, Postal Zip Code	32202
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)		545,565,929
Entity Central Index Key	0001136893
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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
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	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,131	$ 440
Settlement assets	530	617
Other receivables	337	287
Prepaid expenses and other current assets	612	603
Current assets held for sale	997	10,111
Total current assets	6,451	13,788
Property and equipment, net	645	695
Goodwill	16,979	16,971
Intangible assets, net	1,508	1,823
Software, net	2,178	2,115
Equity method investment	4,086	0
Other noncurrent assets	1,591	1,528
Deferred contract costs, net	1,143	1,076
Noncurrent assets held for sale	17	17,109
Total assets	34,598	55,105
Current liabilities:
Accounts payable, accrued and other liabilities	1,854	1,859
Settlement payables	541	635
Deferred revenue	864	832
Short-term borrowings	0	4,760
Current portion of long-term debt	578	1,348
Current liabilities held for sale	949	8,884
Total current liabilities	4,786	18,318
Long-term debt, excluding current portion	10,584	12,970
Deferred income taxes	833	2,179
Other noncurrent liabilities	1,354	1,446
Noncurrent liabilities held for sale	0	1,093
Total liabilities	17,557	36,006
FIS stockholders' equity:
Preferred stock $0.01 par value; 200 shares authorized, none issued and outstanding as of June 30, 2024, and December 31, 2023	0	0
Common stock $0.01 par value, 750 shares authorized, 633 and 631 shares issued as of June 30, 2024, and December 31, 2023, respectively	6	6
Additional paid in capital	47,024	46,935
(Accumulated deficit) retained earnings	(22,304)	(22,864)
Accumulated other comprehensive earnings (loss)	(413)	(260)
Treasury stock, $0.01 par value, 84 and 48 common shares as of June 30, 2024, and December 31, 2023, respectively, at cost	(7,276)	(4,724)
Total FIS stockholders' equity	17,037	19,093
Noncontrolling interest	4	6
Total equity	17,041	19,099
Total liabilities and equity	34,598	55,105
Nonrelated Party
Current assets:
Trade receivables, net of allowance for credit losses and receivable from related party	1,675	1,730
Related Party
Current assets:
Trade receivables, net of allowance for credit losses and receivable from related party	$ 169	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Trade receivables, net	$ 41	$ 31
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)	633,000,000	631,000,000
Treasury stock (in shares)	84,000,000	48,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 2,489	$ 2,424	$ 4,957	$ 4,821
Cost of revenue	1,538	1,519	3,091	3,086
Gross profit	951	905	1,866	1,735
Selling, general, and administrative expenses	609	553	1,182	1,073
Asset impairments	4	1	18	1
Other operating (income) expense, net - related party	(40)	0	(73)	0
Operating income (loss)	378	351	739	661
Other income (expense):
Interest expense, net	(43)	(160)	(120)
Other income (expense), net	(13)	(77)	(167)	(113)
Total other income (expense), net	(56)	(237)	(287)	(415)
Earnings (loss) before income taxes and equity method investment earnings (loss)	322	114	452	246
Provision (benefit) for income taxes	89	29	116	65
Equity method investment earnings (loss), net of tax	10	0	(76)	0
Net earnings (loss) from continuing operations	243	85	260	181
Earnings (loss) from discontinued operations, net of tax	1	(6,679)	709	(6,634)
Net earnings (loss)	244	(6,594)	969	(6,453)
Net (earnings) loss attributable to noncontrolling interest from continuing operations	(1)	(1)	(1)	(1)
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	0	(1)	0	(2)
Net earnings (loss) attributable to FIS common stockholders	243	(6,596)	968	(6,456)
Net earnings (loss) attributable to FIS:
Continuing operations	242	84	259	180
Discontinued operations	1	(6,680)	709	(6,636)
Net earnings (loss) attributable to FIS common stockholders	$ 243	$ (6,596)	$ 968	$ (6,456)
Basic earnings (loss) per common share attributable to FIS:
Continuing operations (in dollars per share)	$ 0.44	$ 0.14	$ 0.46	$ 0.30
Discontinued operations (in dollars per share)	0	(11.28)	1.25	(11.21)
Basic earnings (loss) per common share attributable to FIS (in dollars per share)	0.44	(11.14)	1.71	(10.91)
Diluted earnings (loss) per common share attributable to FIS:
Continuing operations (in dollars per share)	0.43	0.14	0.46	0.30
Discontinued operations (in dollars per share)	0	(11.28)	1.25	(11.21)
Diluted earnings (loss) per common share attributable to FIS (in dollars per share)	$ 0.44	$ (11.14)	$ 1.71	$ (10.91)
Weighted average common shares outstanding:
Basic (in shares)	554	592	565	592
Diluted (in shares)	557	592	567	592

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 244	$ (6,594)	$ 969	$ (6,453)
Other comprehensive earnings (loss), before tax:
Foreign currency translation adjustments	(15)	182	(151)	439
Change in fair value of net investment hedges	72	(125)	232	(421)
Excluded components of fair value hedges	(24)	(23)	(29)	(23)
Reclassification of foreign currency translation adjustments to net earnings (loss) from discontinued operations	0	0	(148)	0
Share of equity method investment other comprehensive earnings (loss)	(3)	0	0	0
Other adjustments	1	1	(5)	1
Other comprehensive earnings (loss), before tax	31	35	(101)	(4)
Provision for income tax (expense) benefit related to items of other comprehensive earnings (loss)	(12)	(2)	(52)	33
Other comprehensive earnings (loss), net of tax	19	33	(153)	29
Comprehensive earnings (loss)	263	(6,561)	816	(6,424)
Net earnings attributable to noncontrolling interest	(1)	(2)	(1)	(3)
Comprehensive earnings (loss) attributable to FIS common stockholders	$ 262	$ (6,563)	$ 815	$ (6,427)

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
Beginning balance (in shares) at Dec. 31, 2022		630
Beginning balance (in shares) at Dec. 31, 2022			(39)
Beginning balance at Dec. 31, 2022	$ 27,226	$ 6	$ (4,192)	$ 46,735	$ (14,971)	$ (360)	$ 8	[1]
Increase (Decrease) in Stockholders' Equity
Issuance of restricted stock (in shares)		1
Exercise of stock options	40			40
Treasury shares held for taxes due upon exercise of stock awards	(15)		$ (15)
Stock-based compensation	64			64
Cash dividends declared and other distributions	(625)				(621)		(4)	[1]
Other	7			7
Net earnings (loss)	(6,453)				(6,456)		3	[1]
Other comprehensive earnings (loss), net of tax	29					29
Ending balance (in shares) at Jun. 30, 2023		631
Ending balance (in shares) at Jun. 30, 2023			(39)
Ending balance at Jun. 30, 2023	20,273	$ 6	$ (4,207)	46,846	(22,048)	(331)	7	[1]
Beginning balance (in shares) at Mar. 31, 2023		631
Beginning balance (in shares) at Mar. 31, 2023			(39)
Beginning balance at Mar. 31, 2023	27,104	$ 6	$ (4,206)	46,802	(15,141)	(364)	7
Increase (Decrease) in Stockholders' Equity
Treasury shares held for taxes due upon exercise of stock awards	(1)		$ (1)
Stock-based compensation	44			44
Cash dividends declared and other distributions	(313)				(311)		(2)
Net earnings (loss)	(6,594)				(6,596)		2
Other comprehensive earnings (loss), net of tax	33					33
Ending balance (in shares) at Jun. 30, 2023		631
Ending balance (in shares) at Jun. 30, 2023			(39)
Ending balance at Jun. 30, 2023	$ 20,273	$ 6	$ (4,207)	46,846	(22,048)	(331)	7	[1]
Beginning balance (in shares) at Dec. 31, 2023		631
Beginning balance (in shares) at Dec. 31, 2023	(48)		(48)
Beginning balance at Dec. 31, 2023	$ 19,099	$ 6	$ (4,724)	46,935	(22,864)	(260)	6
Increase (Decrease) in Stockholders' Equity
Issuance of restricted stock (in shares)		2
Exercise of stock options	1			1
Purchases of treasury stock (in shares)			(36)
Purchases of treasury stock	(2,501)		$ (2,501)
Treasury shares held for taxes due upon exercise of stock awards	(51)		$ (51)
Stock-based compensation	88			88
Cash dividends declared and other distributions	(409)				(408)		(1)
Sale of Worldpay noncontrolling interest	(2)						(2)
Net earnings (loss)	969				968		1
Other comprehensive earnings (loss), net of tax	$ (153)					(153)
Ending balance (in shares) at Jun. 30, 2024		633
Ending balance (in shares) at Jun. 30, 2024	(84)		(84)
Ending balance at Jun. 30, 2024	$ 17,041	$ 6	$ (7,276)	47,024	(22,304)	(413)	4
Beginning balance (in shares) at Mar. 31, 2024		632
Beginning balance (in shares) at Mar. 31, 2024			(69)
Beginning balance at Mar. 31, 2024	18,025	$ 6	$ (6,174)	46,968	(22,347)	(432)	4
Increase (Decrease) in Stockholders' Equity
Issuance of restricted stock (in shares)		1
Purchases of treasury stock (in shares)			(15)
Purchases of treasury stock	(1,082)		$ (1,082)
Treasury shares held for taxes due upon exercise of stock awards	(20)		$ (20)
Stock-based compensation	56			56
Cash dividends declared and other distributions	(201)				(200)		(1)
Sale of Worldpay noncontrolling interest	0
Net earnings (loss)	244				243		1
Other comprehensive earnings (loss), net of tax	$ 19					19
Ending balance (in shares) at Jun. 30, 2024		633
Ending balance (in shares) at Jun. 30, 2024	(84)		(84)
Ending balance at Jun. 30, 2024	$ 17,041	$ 6	$ (7,276)	$ 47,024	$ (22,304)	$ (413)	$ 4
[1] Excludes redeemable noncontrolling interest that is not considered equity.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends paid per share (in dollars per share)	$ 0.36	$ 0.52	$ 0.36	$ 0.52

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net earnings (loss)	$ 969	$ (6,453)
Less earnings (loss) from discontinued operations, net of tax	709	(6,634)
Net earnings (loss) from continuing operations	260	181
Adjustment to reconcile net earnings (loss) from continuing operations to net cash provided by operating activities:
Depreciation and amortization	859	888
Amortization of debt issuance costs	11	15
Asset impairments	18	1
Loss on extinguishment of debt	174	0
Loss (gain) on sale of businesses, investments and other	32	(2)
Stock-based compensation	87	49
Loss from equity method investment	76	0
Deferred income taxes	(118)	(118)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade and other receivables	124	152
Receivable from related party	(169)	0
Settlement activity	(3)	1
Prepaid expenses and other assets	(116)	(126)
Deferred contract costs	(234)	(185)
Deferred revenue	(6)	(13)
Accounts payable, accrued liabilities and other liabilities	(243)	(76)
Net cash provided by operating activities from continuing operations	752	767
Cash flows from investing activities:
Additions to property and equipment	(43)	(66)
Additions to software	(342)	(305)
Settlement of net investment hedge cross-currency interest rate swaps	(8)	(17)
Net proceeds from sale of businesses and investments	12,796	0
Cash divested from sale of business	(3,137)	0
Acquisitions, net of cash acquired	(56)	0
Other investing activities, net	(42)	(28)
Net cash provided by (used in) investing activities	9,168	(416)
Cash flows from financing activities from continuing operations:
Borrowings	13,441	43,749
Repayment of borrowings and other financing obligations	(21,396)	(44,496)
Debt issuance costs	0	(2)
Net proceeds from stock issued under stock-based compensation plans	1	40
Treasury stock activity	(2,522)	(15)
Dividends paid	(409)	(618)
Purchase of noncontrolling interest	0	(173)
Other financing activities, net	40	(7)
Net cash provided by (used in) financing activities from continuing operations	(10,845)	(1,522)
Discontinued operations
Net cash provided by (used in) operating activities	(345)	952
Net cash provided by (used in) investing activities	(39)	(175)
Net cash provided by (used in) financing activities	(65)	(175)
Net cash provided by (used in) discontinued operations	(449)	602
Effect of foreign currency exchange rate changes on cash from continuing operations	(19)	22
Effect of foreign currency exchange rate changes on cash from discontinued operations	(26)	95
Net increase (decrease) in cash, cash equivalents and restricted cash	(1,419)	(452)
Cash, cash equivalents and restricted cash, beginning of period	4,414	4,813
Cash, cash equivalents and restricted cash, end of period	2,995	4,361
Supplemental cash flow information:
Cash paid for interest	324	396
Cash paid for income taxes	$ 335	$ 269

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2024
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, 2023. The preparation of these consolidated financial statements in conformity with United States ("U.S.") generally accepted accounting principles ("GAAP") and the related rules and regulations of the U.S. Securities and Exchange Commission ("SEC" or "Commission") requires our management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related 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 inflation and economic growth rates. These estimates may change as new events occur and additional information is obtained. Future actual results could differ materially from these estimates. To the extent that there are differences between these estimates, judgments and assumptions and actual results, our consolidated financial statements will be affected. On January 31, 2024, the Company completed the previously announced sale ("the Worldpay Sale") of a 55% equity interest in its Worldpay Merchant Solutions business to private equity funds managed by GTCR, LLC (such funds, the "Buyer"). FIS retains a non-controlling 45% ownership interest in a new standalone joint venture, Worldpay Holdco, LLC ("Worldpay"), following the closing of the Worldpay Sale. FIS' share of the net income (loss) of Worldpay is reported as equity method investment earnings (loss), net of tax. The net cash proceeds received by FIS, net of estimated closing adjustments and transaction costs, are presented as investing cash flows within continuing operations on the consolidated statement of cash flows. See Note 4 for information regarding the equity method investment earnings (loss), net of tax, for the period from February 1, 2024, through June 30, 2024. During the third quarter of fiscal year 2023, the Company analyzed quantitative and qualitative factors relevant to the Worldpay Merchant Solutions disposal group in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 205-20 and determined that the accounting criteria to be classified as held for sale were met, when a definitive purchase agreement was signed. Accordingly, the assets and liabilities of the disposal group are presented separately on the consolidated balance sheets for all periods presented. In addition, the disposition represents a strategic shift that will have a major impact on the Company's operations and financial results. As a result, the operating results of the Worldpay Merchant Solutions business prior to the closing of the Worldpay Sale have been reflected as discontinued operations for all periods presented and, as such, have been excluded from continuing operations and segment results. The Worldpay Merchant Solutions business included the former Merchant Solutions segment, in addition to a business previously included in the Corporate and Other segment, which have been reflected as discontinued operations for all periods presented. Accordingly, the Company no longer reports the Merchant Solutions segment; it now reports its financial performance based on the following segments: Banking Solutions ("Banking"), Capital Market Solutions ("Capital Markets") and Corporate and Other. As a result of its ongoing portfolio assessments, the Company reclassified certain non-strategic operations from Banking to Corporate and Other during the quarter ended December 31, 2023. The Company recast all prior-period segment information presented to reflect these reclassifications. See Note 13 for more information regarding our segments. Certain reclassifications have been made in the 2023 consolidated financial statements to conform to the classifications used in 2024. The consolidated statements of cash flows for the six months ended June 30, 2024, are presented on a continuing operations basis, with summarized cash flows from discontinued operations for operating, investing and financing activities shown separately. The consolidated statement of cash flows for the six months ended June 30, 2023, has been reclassified to conform to the 2024 presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The Company adopted the following new significant accounting policy during 2024. See our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, for a complete summary of our significant accounting policies. Equity Method Investment The Company reports its investments in unconsolidated entities over whose operating and financial policies the Company has the ability to exercise significant influence, but not control, under the equity method of accounting. Equity method investments are initially recorded at cost and are included in Equity method investment on the consolidated balance sheet. Under this method of accounting, the Company's pro rata share of the investee's earnings or losses is reported in Equity method investment earnings (loss), net of tax, in the consolidated statement of earnings (loss). The Company also reports its investor-level tax impact relating to equity method investments as a component of Equity method investment earnings (loss) in the consolidated statement of earnings (loss). The Company monitors its investments for other-than-temporary impairment by considering factors such as current economic and market conditions and the operating performance of the investees and records reductions in carrying values when necessary. Equity method investees are considered related parties of the Company. Distributions received from our equity method investments are recorded as reductions in the carrying value of such investments and are classified on the consolidated statement of cash flows pursuant to the cumulative earnings approach. Under this approach, the distributions should be classified as either a return on investment, which would be included in operating activities, or a return of investment, which would be included in investing activities. Any distributions received up to the amount of cumulative equity in earnings of the investee would be considered a return on investment and classified in operating activities. Any distributions in excess of cumulative equity in earnings of the investee would be considered a return of investment and classified in investing activities. Thus, to the extent our equity in earnings of the investee reflects cumulative losses, the distributions are considered a return of investment and classified in investing activities.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations Sale of Worldpay Merchant Solutions Business As discussed in Note 1, the Company completed the Worldpay Sale on January 31, 2024. The results of the Worldpay Merchant Solutions business prior to the completion of the Worldpay Sale have been presented as discontinued operations. The assets and liabilities of our Worldpay Brazil and RealNet subsidiaries, the value of which was included as part of the Worldpay Sale, were not conveyed in the closing and are expected to be transferred as soon as all regulatory approvals have been received. These assets and liabilities continue to be reported as assets held for sale, and their related earnings (loss) are reported in Earnings (loss) from discontinued operations, net of tax on the consolidated statements of earnings (loss). The following table represents a reconciliation of the major components of Earnings (loss) from discontinued operations, net of tax, presented in the consolidated statements of earnings (loss), reflecting activity for the three and six months ended June 30, 2024 (in millions). The Company's presentation of earnings (loss) from discontinued operations excludes general corporate overhead costs that were historically allocated to the Worldpay Merchant Solutions business. Additionally, beginning on July 5, 2023, the Company stopped amortization of long-lived assets held for sale in accordance with ASC 360. Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Major components of earnings (loss) from discontinued operations before income taxes: Revenue $ 4 $ 1,322 $ 406 $ 2,435 Cost of revenue (2) (670) (64) (1,270) Selling, general, and administrative expenses — (479) (155) (965) Asset impairments — (6,840) — (6,840) Interest income (expense), net — 7 1 11 Other, net (1) 23 (4) 48 Earnings (loss) from discontinued operations related to major components of pretax earnings (loss) 1 (6,637) 184 (6,581) Loss on sale of disposal group — — (466) — Earnings (loss) from discontinued operations 1 (6,637) (282) (6,581) Provision (benefit) for income taxes — 43 (991) 55 Earnings (loss) from discontinued operations, net of tax attributable to FIS $ 1 $ (6,680) $ 709 $ (6,636) A loss on sale of disposal group of $466 million was recorded upon closing of the Worldpay Sale and reflects the impact of the excess of the carrying value of the disposal group over the estimated fair value less cost to sell. Upon closing of the Worldpay Sale, t he Company also recorded a tax benefit of $991 million primarily from the write-off of U.S. deferred tax liabilities that were not transferred in the Worldpay Sale, net of the estimated U.S. tax cost that the Company expects to incur as a result of the Worldpay Sale. The estimated U.S. tax cost remains unchanged from the amount recorded as of March 31, 2024, based on available data and management determinations as of June 30, 2024. Post-closing selling price adjustments and completion of other purchase agreement provisions in connection with the Worldpay Sale could result in further adjustments to the loss on sale amount and the estimated U.S. tax cost. The following table represents the major classes of assets and liabilities of the disposal group classified as held for sale presented in the consolidated balance sheets as of June 30, 2024, and December 31, 2023 (in millions). Assets held for sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated or amortized. June 30, 2024 December 31, 2023 Major classes of assets included in discontinued operations: Cash and cash equivalents $ 43 $ 1,380 Settlement assets 951 6,727 Trade receivables, net of allowance for credit losses of $— and $52 3 1,843 Prepaid expenses and other current assets — 161 Total current assets 997 10,111 Property and equipment, net — 207 Goodwill 15 10,906 Intangible assets, net — 5,971 Software, net — 1,321 Other noncurrent assets 2 613 Total noncurrent assets 17 19,018 Less valuation allowance — (1,909) Total assets of the disposal group classified as held for sale $ 1,014 $ 27,220 Major classes of liabilities included in discontinued operations: Accounts payable, accrued and other liabilities $ 3 $ 998 Settlement payables (1) 946 7,821 Other current liabilities — 65 Total current liabilities 949 8,884 Deferred income taxes — 599 Other noncurrent liabilities — 494 Total noncurrent liabilities — 1,093 Total liabilities of the disposal group classified as held for sale $ 949 $ 9,977 (1) As of June 30, 2024, Settlement payables includes $116 million due to Worldpay, which is a related party. Settlement Assets The principal components of the Company's settlement assets of the disposal group are as follows (in millions): June 30, 2024 December 31, 2023 Settlement assets Settlement deposits $ — $ 56 Merchant float 821 2,594 Settlement receivables 130 4,077 Total Settlement assets $ 951 $ 6,727 Held-for-sale Disposal Group Measurement The net assets held for sale as of June 30, 2024, consisting of the net assets of our Worldpay Brazil and RealNet subsidiaries, are recorded at carrying value less cost to sell.

Equity Method Investment

Equity Method Investment	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investment	Equity Method Investment As discussed in Note 1, the Company completed the Worldpay Sale on January 31, 2024, retaining a non-controlling ownership interest in Worldpay. We account for our remaining minority ownership in Worldpay using the equity method of accounting. As of June 30, 2024, we own 45% of Worldpay. This investment is reflected in Equity method investment on our June 30, 2024, consolidated balance sheet. During the five-month period from February 1, 2024, through June 30, 2024, the Company's share of the net income of Worldpay and our investor-level tax impact is reported as Equity method investment earnings (loss), net of tax, in the consolidated statement of earnings (loss). During the three months ended June 30, 2024, we received distributions of $29 million from Worldpay, which are recorded in Other investing activities, net on the consolidated statement of cash flows for the six months ended June 30, 2024. Summary Worldpay financial information is as follows (in millions): Three months Five months ended ended June 30, 2024 June 30, 2024 Revenue $ 1,349 $ 2,181 Gross profit $ 668 $ 1,053 Earnings (loss) before income taxes $ 3 $ (227) Net earnings (loss) attributable to Worldpay $ (28) $ (271) FIS share of net earnings (loss) attributable to Worldpay, net of tax (1) $ 10 $ (76) (1) For the three- and five-month periods ended June 30, 2024, this amount is net of $22 million and $45 million, respectively, of investor-level tax benefit. Continuing Involvement with Discontinued Operations and Related-Party Transactions In connection with the closing of the Worldpay Sale, the Company entered into a limited liability company operating agreement (the "LLCA") with respect to Worldpay, and a registration rights agreement with respect to the Company's retained equity interest in Worldpay. The LLCA provides that FIS has the right to appoint a minority of the board of managers of Worldpay and that FIS has customary consent and consultation rights with respect to certain material actions of Worldpay, in each case, subject to ownership stepdown thresholds. The LLCA contains, among other things, covenants and restrictions relating to other governance, liquidity and tax matters, including non-solicitation and noncompetition covenants, distribution mechanics, preemptive rights and follow-on equity funding commitments of the Buyer, and restrictions on transfer and associated tag-along and drag-along rights. Each of FIS and the Buyer will have the right to require Worldpay to consummate an initial public offering ("IPO") or sale transaction after the fourth anniversary of the closing, subject to certain return hurdles and (in the case of an IPO) public float requirements, which requirements will fall away following the sixth anniversary of the closing. We have continuing involvement with Worldpay, primarily through our remaining interest, an employee leasing agreement ("ELA"), a transition services agreement ("TSA"), and various other commercial agreements. Under the terms of the ELA, which was substantially completed by July 1, 2024, the Company leased certain employees to Worldpay in the United States, China, Colombia and South Korea. The compensation and benefit costs paid by the Company for the leased employees was billed to and reimbursed by Worldpay. Under the terms of the TSA, the Company is procuring certain third-party services on behalf of Worldpay and providing technology infrastructure, risk and security, accounting and various other corporate services to Worldpay for a period of up to 24 months after the closing, subject to a six-month extension, and Worldpay is providing various corporate services to the Company, allowing it to maintain access to certain resources transferred in the Worldpay Sale. During the three- and five-month periods ended June 30, 2024, pass-through costs of $132 million and $247 million, respectively, were incurred under the ELA, and third-party pass-through costs of $36 million and $93 million, respectively, were incurred under the TSA, and were netted against the equal and offsetting reimbursement amounts due from Worldpay. Additionally, during the three- and five-month periods ended June 30, 2024, net TSA services income of $40 million and $73 million, respectively, was recognized in Other operating (income) expense, net - related party, with approximately two-thirds of the corresponding expense recorded in Cost of revenue and the remainder recorded in Selling, general and administrative expense in the consolidated statement of earnings (loss). Revenue earned during the three- and five-month periods ended June 30, 2024, from various commercial services provided to Worldpay was $32 million and $55 million respectively. For the three- and five-month periods ended June 30, 2024, we collected net cash of $272 million and $411 million, respectively, related to the ELA, TSA and commercial agreements with Worldpay. As of June 30, 2024, we recorded a receivable of $169 million in Receivable from related party on the consolidated balance sheet in connection with the ELA, TSA and commercial agreements. Under the ELA, amounts are generally invoiced to Worldpay on the 15th of each month for the preceding and subsequent payroll periods and are payable by wire transfer within 10 days. As of June 30, 2024, $58 million included in our related-party receivable is offset by an equal amount of accrued employee-related liabilities recorded in Accounts payable, accrued and other liabilities on the consolidated balance sheet. Upon termination of the ELA, the amount of the accrued employee-related liabilities as of the date of termination will be assumed by Worldpay in satisfaction of the corresponding receivable. Under the TSA and commercial agreements, amounts are generally invoiced monthly in arrears and are payable by electronic transfer within 30 days of invoice. As of June 30, 2024, we recorded a settlement payable of $116 million in Current liabilities held for sale on the consolidated balance sheet for amounts to be settled from our RealNet subsidiary to Worldpay. The settlement payable by RealNet to Worldpay is generally paid to Worldpay's submerchants on behalf of Worldpay via ACH within five

Virtus Acquisition

Virtus Acquisition	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Virtus Acquisition	Virtus AcquisitionOn 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. The acquisition was accounted for as a business combination. FIS acquired a 70% voting and financial interest in Virtus with 30% interest retained by the founders of Virtus (the "Founders"). The agreement between FIS and the Founders provided FIS with a call option to purchase, and the Founders with a put option requiring FIS to purchase, all of the Founders' retained interest in Virtus at a redemption value determined pursuant to performance goals stated in the agreement, exercisable at any time after two years and three years, respectively, following the acquisition date. In January 2023, the Founders exercised their put option, and as a result, FIS paid the $173 million redemption value, recorded as a financing activity in the consolidated statement of cash flows, and subsequently owns 100% of Virtus.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue As a result of our ongoing portfolio assessments, the Company reclassified certain non-strategic operations from Banking to Corporate and Other during the quarter ended December 31, 2023. The Company recast all prior-period segment information presented to reflect these reclassifications. 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 June 30, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 1,470 $ 452 $ 23 $ 1,945 All others 240 270 34 544 Total $ 1,710 $ 722 $ 57 $ 2,489 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,270 $ 366 $ 43 $ 1,679 Software maintenance 90 143 1 234 Other recurring 68 22 9 99 Total recurring 1,428 531 53 2,012 Software license 37 91 — 128 Professional services 136 99 1 236 Other non-recurring fees 109 1 3 113 Total $ 1,710 $ 722 $ 57 $ 2,489 For the three months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 1,437 $ 424 $ 47 $ 1,908 All others 229 248 39 516 Total $ 1,666 $ 672 $ 86 $ 2,424 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,235 $ 346 $ 65 $ 1,646 Software maintenance 91 130 — 221 Other recurring 62 20 10 92 Total recurring 1,388 496 75 1,959 Software license 19 79 — 98 Professional services 156 97 2 255 Other non-recurring fees (1) 103 — 9 112 Total $ 1,666 $ 672 $ 86 $ 2,424 For the six months ended June 30, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 2,902 $ 897 $ 64 $ 3,863 All others 492 531 71 1,094 Total $ 3,394 $ 1,428 $ 135 $ 4,957 Type of Revenue: Recurring revenue: Transaction processing and services $ 2,534 $ 736 $ 90 $ 3,360 Software maintenance 180 286 1 467 Other recurring 132 45 19 196 Total recurring 2,846 1,067 110 4,023 Software license 87 165 — 252 Professional services 268 195 2 465 Other non-recurring fees 193 1 23 217 Total $ 3,394 $ 1,428 $ 135 $ 4,957 For the six months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 2,857 $ 849 $ 95 $ 3,801 All others 455 486 79 1,020 Total $ 3,312 $ 1,335 $ 174 $ 4,821 Type of Revenue: Recurring revenue: Transaction processing and services $ 2,460 $ 686 $ 131 $ 3,277 Software maintenance 181 260 1 442 Other recurring 116 39 20 175 Total recurring 2,757 985 152 3,894 Software license 30 152 — 182 Professional services 311 197 5 513 Other non-recurring fees (1) 214 1 17 232 Total $ 3,312 $ 1,335 $ 174 $ 4,821 (1) December 31, 2023, was the final deadline for states to complete all benefit issuance under federally funded pandemic relief programs. Accordingly, revenue associated with services the Company provided related to these programs has been classified as Other non-recurring commencing in the fourth quarter of 2023, and related prior-period amounts have been reclassified from Transaction processing and services to Other non-recurring for comparability. Revenue associated with services the Company provided related to these programs was $11 million and $49 million for the three and six months ended June 30, 2023, respectively . Contract Balances The Company recognized revenue of $202 million and $184 million during the three months, and $528 million and $498 million during the six months, ended June 30, 2024 and 2023, 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, 2024, approximately $22.5 billion of revenue is estimated to be recognized in the future from the Company's remaining unfulfilled performance obligations, which are primarily comprised of recurring account- and volume-based processing services. This excludes the amount of anticipated recurring renewals that are not yet contractually obligated. The Company expects to recognize approximately 32% of our remaining performance obligations over the next 12 months, approximately another 24% over the next 13 to 24 months, and the balance thereafter.

Condensed Consolidated Financia

Condensed Consolidated Financial Statement Details	6 Months Ended
	Jun. 30, 2024
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): June 30, December 31, Cash and cash equivalents on the consolidated balance sheets $ 2,131 $ 440 Merchant float from discontinued operations included in current assets held for sale 821 2,594 Cash from discontinued operations included in current assets held for sale 43 1,380 Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows $ 2,995 $ 4,414 Settlement Assets The principal components of the Company's settlement assets on the consolidated balance sheets are as follows (in millions): June 30, December 31, Settlement assets Settlement deposits $ 343 $ 463 Settlement receivables 187 154 Total Settlement assets $ 530 $ 617 Intangible Assets, Software and Property and Equipment The following table provides details of Intangible assets, Software and Property and equipment as of June 30, 2024, and December 31, 2023 (in millions): June 30, 2024 December 31, 2023 Cost Accumulated Net Cost Accumulated Net Intangible assets $ 6,449 $ 4,941 $ 1,508 $ 6,468 $ 4,645 $ 1,823 Software $ 4,219 $ 2,041 $ 2,178 $ 4,162 $ 2,047 $ 2,115 Property and equipment $ 2,086 $ 1,441 $ 645 $ 2,074 $ 1,379 $ 695 As of June 30, 2024, Intangible assets, net of amortization, includes $1.4 billion of customer relationships and $77 million of trademarks and other intangible assets. Amortization expense with respect to Intangible assets was $159 million and $171 million for the three months, and $320 million and $342 million for the six months, ended June 30, 2024 and 2023, respectively. Depreciation expense for property and equipment was $44 million and $41 million for the three months, and $88 million and $83 million for the six months, ended June 30, 2024 and 2023, respectively. Amortization expense with respect to software was $144 million and $152 million for the three months, and $286 million and $304 million for the six months, ended June 30, 2024 and 2023, respectively The Company recorded software impairments totaling $4 million for the three months, and $15 million for the six months, ended June 30, 2024, primarily related to the termination of certain internally developed software projects. The Company recorded less than $1 million of software impairments during the corresponding 2023 periods. Goodwill Changes in goodwill during the six months ended June 30, 2024, are summarized below (in millions). Capital Corporate Banking Market And Solutions Solutions Other Total Balance, December 31, 2023 $ 12,588 $ 4,363 $ 20 $ 16,971 Goodwill attributable to acquisitions 5 36 — 41 Foreign currency adjustments (14) (19) — (33) Balance, June 30, 2024 $ 12,579 $ 4,380 $ 20 $ 16,979 We assess goodwill for impairment on an annual basis during the fourth quarter or more frequently if circumstances indicate potential impairment. We evaluated whether events and circumstances as of June 30, 2024, indicated potential impairment of our reporting units. For our Banking and Capital Markets reporting units, we performed a qualitative assessment by examining factors most likely to affect our reporting units' fair values. The factors examined involve 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 June 30, 2024, we concluded that it remained more likely than not that the fair value continues to exceed the carrying amount for each of these reporting units; therefore, goodwill was not impaired. Given the substantial excess of fair value over carrying amounts, we believe the likelihood of obtaining materially different results based on a change of assumptions to be low. Equity Security Investments The Company holds various equity securities without readily determinable fair values. These securities primarily represent strategic investments made by the Company, as well as investments obtained through acquisitions. Such investments totaled $197 million and $195 million at June 30, 2024, and December 31, 2023, respectively, and are included within Other noncurrent assets on the consolidated balance sheets. The Company accounts for these investments at cost, less impairment, and adjusts the carrying values for observable price changes from orderly transactions for identical or similar investments of the same issuer. These adjustments are generally considered Level 2-type fair value measurements. The Company records realized and unrealized gains and losses on these investments, as well as impairment losses, as Other income (expense), net on the consolidated statements of earnings (loss) and recorded net gains (losses) of $(3) million and $(32) million for the three months and $(4) million and $(34) million for the six months ended June 30, 2024 and 2023, respectively, related to these investments. Accounts Payable, Accrued and Other Liabilities Accounts payable, accrued and other liabilities as of June 30, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 December 31, 2023 Trade accounts payable $ 101 $ 110 Accrued salaries and incentives 382 472 Accrued benefits and payroll taxes 105 106 Income taxes payables 203 17 Taxes other than income tax 306 301 Accrued interest payable 84 162 Operating lease liabilities 81 85 Related-party payables 36 — Other accrued liabilities 556 606 Total Accounts payable, accrued and other liabilities $ 1,854 $ 1,859

Deferred Contract Costs

Deferred Contract Costs	6 Months Ended
	Jun. 30, 2024
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, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 December 31, 2023 Contract costs on implementations in progress $ 307 $ 291 Contract origination costs on completed implementations, net 599 542 Contract fulfillment costs on completed implementations, net 237 243 Total Deferred contract costs, net $ 1,143 $ 1,076 Amortization of deferred contract costs on completed implementations was $83 million and $76 million during the three months and $166 million and $159 million during the six months ended June 30, 2024 and 2023, respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Long-term debt as of June 30, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 Weighted Average Interest Interest June 30, December 31, Rates Rate (1) Maturities 2024 2023 Fixed Rate Notes Senior USD Notes 1.2% - 5.6% 3.7% 2025 - 2052 $ 6,381 $ 8,659 Senior Euro Notes 0.6% - 3.0% 2.7% 2024 - 2039 4,824 4,968 Senior GBP Notes 2.3% - 3.4% 9.7% 2029 - 2031 215 1,178 Revolving Credit Facility (2) —% 2026 — 127 Financing obligations for certain hardware and software 2024 - 2026 75 96 Other (3) (333) (710) Total long-term debt, including current portion 11,162 14,318 Current portion of long-term debt (578) (1,348) Long-term debt, excluding current portion $ 10,584 $ 12,970 (1) The weighted average interest rate includes the impact of the fair value basis adjustments due to interest rate swaps and the impact of cross-currency interest rate swaps designated as fair value hedges and excludes the impact of cross-currency interest rate swaps designated as net investment hedges (see Note 10). The impact of the included fair value basis adjustments and cross-currency interest rate swaps in certain cases results in an effective weighted average interest rate being outside the stated interest rate range on the fixed rate notes. (2) Interest on the Revolving Credit Facility is generally payable at Secured Overnight Financing Rate ("SOFR") plus a margin of up to 0.428% dependent on tenor, plus an applicable margin of up to 1.625% and 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 the amount of fair value basis adjustments due to interest rate swaps (see further discussion below in Note 10), unamortized debt issuance costs and unamortized non-cash bond discounts. Short-term borrowings as of June 30, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 Weighted Average Interest June 30, December 31, Rate Maturities 2024 2023 Euro-commercial paper notes ("ECP Notes") — % Up to 183 days $ — $ 2,118 U.S. commercial paper notes ("USCP Notes") — % Up to 397 days — 2,642 Total Short-term borrowings $ — $ 4,760 The Company is a party to interest rate swaps that, prior to de-designation as fair value hedges during the quarter ended September 30, 2023, converted a portion of its fixed-rate debt to variable-rate debt. As a result of the de-designations, the final fair value basis adjustments recorded through the dates of de-designation as a decrease of the long-term debt are subsequently amortized as interest expense using the effective interest method over the remaining periods to maturity of the respective long-term debt. The fair value basis adjustments reflected in Other in the long-term debt table above totaled $(245) million and $(594) million as of June 30, 2024, and December 31, 2023, respectively. The Company is also party to fixed-for-fixed cross-currency interest rate swaps under which it agrees to receive interest in foreign currency in exchange for paying interest in U.S. dollars. These are designated as fair value hedges. The Company has also entered into cross-currency interest rate swaps under which it agrees to receive interest in U.S. dollars in exchange for paying interest in a foreign currency. These are designated as net investment hedges. Although these cross-currency interest rate swaps are entered into as net investment hedges of its investments in certain of its non-U.S. subsidiaries, and not for the purpose of hedging interest rates, the benefit or cost of such hedges is reflected in interest expense in the consolidated statement of earnings (loss). As of June 30, 2024, the weighted average interest rate of the Company's outstanding debt was 3.6%, including the impact of fair value basis adjustments due to interest rate swaps and cross-currency interest rate swaps designated as fair value hedges, but excluding the impact of cross-currency interest rate swaps designated as net investment hedges. Including the impact of the net investment hedge cross-currency interest rate swaps on interest expense, the weighted average interest rate of the Company's outstanding debt was 2.8%. See Note 10 for further discussion of the Company's interest rate swaps and cross-currency interest rate swaps and related hedge designations. The following table summarizes the amount of our long-term debt, including financing obligations for certain hardware and software, as of June 30, 2024, based on maturity date. Total 2024 $ 569 2025 981 2026 1,268 2027 1,571 2028 1,649 Thereafter 5,457 Total principal payments 11,495 Other debt per the long-term debt table (333) Total long-term debt, including current portion $ 11,162 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 the Revolving Credit Facility's maturity date, which occurs on March 2, 2026. Senior Notes On July 15, 2024, FIS repaid an aggregate principal amount of €500 million in 1.100% Senior Euro Notes on their due date, pursuant to the related indenture. In March 2024, pursuant to cash tender offers, FIS purchased and redeemed an aggregate principal amount of $1.5 billion in Senior USD Notes and an aggregate principal amount of £1.0 billion in Senior GBP Notes, with interest rates ranging from 2.25% to 5.625% and maturities ranging from 2025 to 2052, resulting in a loss on extinguishment of debt of approximately $174 million, recorded in Other income (expense), net on the consolidated statement of earnings (loss), relating to tender discounts and fees; the write-off of unamortized bond discounts, debt issuance costs and fair value basis adjustments; and gains on related derivative instruments. The Company funded the purchase and redemption of the Senior Notes using a portion of the net proceeds from the Worldpay Sale. On March 1, 2024, FIS repaid an aggregate principal amount of $750 million in Senior USD Notes, on their due date, pursuant to the related indenture. On May 21, 2023, FIS repaid an aggregate principal amount of €1.3 billion in Senior Euro Notes, on their due date, pursuant to the related indenture. On March 1, 2023, FIS repaid an aggregate principal amount of $750 million in Senior USD Notes, on their due date, pursuant to the related indenture. Commercial Paper During the quarter ended March 31, 2024, the Company repaid its ECP Notes and USCP Notes using a portion of the net proceeds from the Worldpay Sale. The Company continues to maintain its ECP and USCP programs. Revolving Credit Facility In March 2024, the Company provided notice to the administrative agent of its Revolving Credit Facility of its desire to reduce the borrowing capacity on its Revolving Credit Facility from $5.5 billion to $4.5 billion, pursuant to the terms thereof. As of June 30, 2024, the borrowing capacity under the Revolving Credit Facility was $4.5 billion. Fair Value of Debt The fair value of the Company's long-term debt is estimated to be approximately $1,032 million and $1,086 million lower than the carrying value, excluding the fair value basis adjustments due to interest rate swaps and unamortized discounts, as of June 30, 2024, and December 31, 2023, respectively.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Fair Value Hedges The Company held fixed-to variable interest rate swaps with aggregate notional amounts of $1,854 million, £925 million and €500 million at each of June 30, 2024, and December 31, 2023. Prior to the quarter ended September 30, 2023, these swaps were designated as fair value hedges for accounting purposes, 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. While designated as fair value hedges, changes in fair value of these interest rate swaps were recorded as an adjustment to long-term debt. During the quarter ended September 30, 2023, the Company de-designated these swaps as fair value hedges. As a result of the de-designations, the final fair value basis adjustments recorded through the dates of de-designation as a decrease of the long-term debt are subsequently amortized as interest expense using the effective interest method over the remaining periods to maturity of the respective long-term debt. During March 2024, $316 million of unamortized fair value basis adjustments recorded as a decrease of the long-term debt tendered was written-off and recorded as part of the loss on extinguishment of debt (see Note 9). At June 30, 2024, the remaining unamortized fair value basis adjustments recorded as a decrease of the long-term debt totaled $245 million, with $14 million and $33 million amortized as Interest expense for the three and six months ended June 30, 2024, respectively (see Note 9). At December 31, 2023, the unamortized fair value basis adjustments recorded as a decrease of the long-term debt totaled $594 million. Concurrently with the de-designations described above, the Company entered into new offsetting variable-to-fixed interest rate swaps with aggregate notional amounts of $1,854 million, £925 million and €500 million. The Company accounts for the de-designated fixed-to-variable and offsetting variable-to-fixed interest rate swaps as economic hedges; as such, effective as of the de-designation dates, changes in interest rates associated with the variable leg of the interest rate swaps do not affect the interest expense recognized, eliminating variable-rate risk on the fixed-to-variable interest rate swaps. The terms of the new interest rate swaps when matched against the terms of the existing fixed-to-variable interest rate swaps result in a net fixed coupon spread payable by the Company. The impact of the go-forward changes in fair values of the new and existing interest rate swaps, including the impact of the coupons, is recorded as Other income (expense), net pursuant to accounting for economic hedges and totaled $(5) million for the three months and $(1) million for the six months ended June 30, 2024. The coupon payments are recorded within Other investing activities, net on the consolidated statements of cash flows and totaled $53 million in cash outflows for the six months ended June 30, 2024. The new and existing interest rate swap fair values totaled assets of $23 million and $12 million and liabilities of $(633) million and $(675) million as of June 30, 2024, and December 31, 2023, respectively. During the quarter ended September 30, 2023, the Company entered into an aggregate notional amount of €3,375 million fixed-for-fixed cross-currency interest rate swaps to hedge its exposure to foreign currency risk associated with its Senior Euro Notes. During the quarter ended June 30, 2023, the Company entered into an aggregate notional amount of £925 million fixed-for-fixed cross-currency interest rate swaps to hedge its exposure to foreign currency risk associated with its Senior GBP Notes. These swaps are designated as fair value hedges for accounting purposes. During March 2024, the Company partially terminated certain fixed-for-fixed cross-currency interest rate swaps that were hedging foreign currency risk associated with its Senior GBP Notes that were partially tendered (see Note 9). After such partial termination, there remained an aggregate notional amount of approximately £170 million in fixed-for-fixed cross-currency interest rate swaps that hedge the Company's exposure to foreign currency risk associated with its Senior GBP Notes. The fair value of these swaps was a net liability of $(28) million and net asset of $134 million recorded at June 30, 2024, and December 31, 2023, respectively. Changes in the swap fair values attributable to changes in spot foreign currency exchange rates are recorded in Other income (expense), net and totaled $(26) million for the three months and $(113) million for the six months ended June 30, 2024, respectively. This amount offset the impact of changes in spot foreign currency exchange rates on the Senior GBP Notes and Senior Euro Notes also recorded to Other income (expense), net during the hedge period. Changes in swap fair values attributable to excluded components, such as changes in fair value due to forward foreign currency exchange rates and cross-currency basis spreads, are recorded in Accumulated other comprehensive earnings (loss) ("AOCI"). The Company recorded $(24) million for the three months and $(29) million for the six months ended June 30, 2024, through Other comprehensive earnings (loss) for the changes in swap fair values attributable to excluded components. The amounts recorded in AOCI generally affect net earnings (loss) through Interest expense using the amortization approach. For the three and six months ended June 30, 2024, $12 million and $23 million, respectively, was recognized as Interest expense using the amortization approach. As a result of the partial terminations during March 2024, the Company received $33 million in net proceeds recorded within Other financing activities, net on the consolidated statement of cash flows and recorded a $19 million reduction to the loss on extinguishment of debt due to reclassifying the amount of AOCI related to the partially terminated hedges into earnings (see Note 9). 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. Changes in fair value due to remeasurement of the effective portion are recorded as a component of AOCI for net investment hedges. The amounts included in AOCI for the net investment hedges will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. Any ineffective portion of these hedging instruments impacts net earnings when the ineffectiveness occurs. The Company assesses effectiveness of cross-currency interest rate swap hedging instruments using the spot method. Under this method, the periodic interest settlements are recorded directly in earnings through Interest expense (see Note 9). The Company recorded net investment hedge aggregate gain (loss) for the change in fair value and related income tax (expense) benefit within Other comprehensive earnings (loss), net of tax, on the consolidated statements of comprehensive earnings (loss) for its designated net investment hedges as follows (in millions). No ineffectiveness has been recorded on the net investment hedges. Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Foreign currency-denominated debt designations $ 6 $ (7) $ 33 $ (123) Cross-currency interest rate swap designations 46 (84) 99 (189) Total $ 52 $ (91) $ 132 $ (312) Foreign Currency-Denominated Debt Designations The Company has designated certain foreign currency-denominated debt as net investment hedges of its investment in Euro-denominated operations. An aggregate of €715 million and €1,115 million of Senior Euro Notes with maturities ranging from 2024 to 2025 was designated as a net investment hedge of the Company's investment in Euro-denominated operations as of June 30, 2024, and December 31, 2023, respectively. An aggregate of €419 million of ECP Notes was also designated as a net investment hedge of the Company's investment in Euro-denominated operations as of December 31, 2023. The Company held €400 million and €1,500 million aggregate notional amount of foreign currency forward contracts as of June 30, 2024, and December 31, 2023, respectively, to economically hedge its exposure to foreign currency risk associated with Senior Euro Notes and ECP Notes that were previously de-designated as net investment hedges. The foreign currency forward contract fair values totaled a net liability of $(1) million and a net asset of $41 million at June 30, 2024, and December 31, 2023, respectively. Upon maturity of the forward contracts, the Company records the net proceeds paid or received within Other financing activities, net on the consolidated statement of cash flows. During the six months ended June 30, 2024, the Company received $13 million in net proceeds. The change in fair value of the foreign currency forward contracts is recorded as Other income (expense), net pursuant to accounting for economic hedges and offsets the impact of the change in spot foreign currency exchange rates on the de-designated Senior Euro Notes and ECP Notes, which is also recorded as Other income (expense), net. Cross-Currency Interest Rate Swap Designations The Company holds cross-currency interest rate swaps designated as net investment hedges of its investment in Euro- and Pound Sterling-denominated operations. As a result of the Worldpay Sale, the Company terminated its outstanding cross-currency interest rate swaps designated as net investment hedges of its investment in Pound Sterling-denominated operations on January 31, 2024. As of June 30, 2024, and December 31, 2023, aggregate notional amounts of €5,045 million and €6,143 million, respectively, were designated as net investment hedges of the Company's investment in Euro-denominated operations and aggregate notional amounts of £0 and £2,180 million, respectively, were designated as net investment hedges of the Company's Pound Sterling-denominated operations. The cross-currency interest rate swap fair values totaled assets of $61 million and $38 million and liabilities of $(52) million and $(240) million at June 30, 2024, and December 31, 2023, respectively. During the six months ended June 30, 2024 and 2023, the Company (paid) received net proceeds of approximately $(8) million and $(17) million, respectively, for the fair values of the cross-currency interest rate swaps as of the settlement dates. The proceeds were recorded within investing activities on the consolidated statements of cash flows.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Securities and Shareholder Matters On March 6, 2023, a putative class action was filed in the United States District Court for the Middle District of Florida by a shareholder of the Company. The action was consolidated with another action and the consolidated case is now captioned In re Fidelity National Information Services, Inc. Securities Litigation . A lead plaintiff has been appointed, and a consolidated amended complaint was filed on August 2, 2023. The consolidated amended complaint names the Company and certain of its current and former officers as defendants and seeks damages for alleged violations of federal securities laws in connection with our disclosures relating to our former Merchant Solutions segment, including with respect to its valuation, integration, and synergies. Defendants filed a motion to dismiss the consolidated amended complaint with prejudice on September 22, 2023. We intend to vigorously defend this case, but no assurance can be given as to the ultimate outcome. On April 27, 2023, a shareholder derivative action captioned Portia McCollum, derivatively on behalf of Fidelity National Information Services, Inc. v. Gary Norcross et al., was filed in the same court by a stockholder of the Company. Plaintiff dismissed the suit without prejudice and sent a demand pursuant to Georgia Code § 14-2-742 (the "McCollum Demand"). Another stockholder, City of Hialeah Employees' Retirement System, sent a similar demand (the "Hialeah Demand"), and a third stockholder, City of Southfield Fire and Police Retirement System, also subsequently sent a similar demand (the "Southfield Demand"). The demands claim that FIS officers and directors violated federal securities laws and breached fiduciary duties, including with respect to the valuation, integration, and synergies of our former Merchant Solutions segment, and they demand that the Board investigate and commence legal proceedings against officers and directors in connection with the purported wrongdoing. On August 25, 2023, the Board established a Demand Review Committee to consider the McCollum and Hialeah Demands and any related demands that are received (such as the Southfield Demand), and make recommendations to the Board with respect to the demands. The Demand Review Committee has hired independent counsel. The Board has made no final decision with respect to the demands and has not rejected the demands. On October 18, 2023, a shareholder derivative action captioned City of Hialeah Employees' Retirement System v. Stephanie L. Ferris et al. was filed in the same court by one of the stockholders that previously had sent a demand. The complaint, which names certain of the Company's current and former officers and directors as defendants (the "Individual Defendants"), seeks to assert claims on behalf of the Company for violations of federal securities laws, breach of fiduciary duty, unjust enrichment, and contribution and indemnification, including with respect to the valuation, integration, and synergies of our former Merchant Solutions segment. On March 29, 2024, the Company and the Individual Defendants filed a motion to stay or dismiss the action without prejudice pending the completion of the Board's consideration of the demands, and the Individual Defendants concurrently filed a separate motion to dismiss. 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 have filed 19 claims against Servicos, of which 17 are still active, asserting potential tax liabilities of approximately $13 million. There are potentially 19 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 $32 million, making the total potential exposure for all 36 claims approximately $45 million. We do not believe a liability for these 36 total claims is probable and, therefore, have not recorded a liability for any of these claims. 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 solutions. 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.

Net Earnings (Loss) per Share

Net Earnings (Loss) per Share	6 Months Ended
	Jun. 30, 2024
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 and six months ended June 30, 2024 and 2023, 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, 2024 and 2023 (in millions, except per share amounts): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Net earnings (loss) from continuing operations attributable to FIS common stockholders $ 242 $ 84 $ 259 $ 180 Net earnings (loss) from discontinued operations attributable to FIS common stockholders 1 (6,680) 709 (6,636) Net earnings (loss) attributable to FIS common stockholders $ 243 $ (6,596) $ 968 $ (6,456) Weighted average shares outstanding-basic 554 592 565 592 Plus: Common stock equivalent shares 3 — 2 — Weighted average shares outstanding-diluted 557 592 567 592 Net earnings (loss) per share-basic from continuing operations attributable to FIS common stockholders $ 0.44 $ 0.14 $ 0.46 $ 0.30 Net earnings (loss) per share-basic from discontinued operations attributable to FIS common stockholders — (11.28) 1.25 (11.21) Net earnings (loss) per share-basic attributable to FIS common stockholders $ 0.44 $ (11.14) $ 1.71 $ (10.91) Net earnings (loss) per share-diluted from continuing operations attributable to FIS common stockholders $ 0.43 $ 0.14 $ 0.46 $ 0.30 Net earnings (loss) per share-diluted from discontinued operations attributable to FIS common stockholders — (11.28) 1.25 (11.21) Net earnings (loss) per share-diluted attributable to FIS common stockholders $ 0.44 $ (11.14) $ 1.71 $ (10.91) The diluted net loss per share for the three and six months ended June 30, 2023, did not include the effect of common stock equivalent shares of 2 million and 1 million, respectively, because the effect would have been anti-dilutive. Options to purchase approximately 7 million and 9 million shares of our common stock during the three months, and 7 million and 9 million during the six months, ended June 30, 2024 and 2023, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive. In January 2021, our Board of Directors approved a share repurchase program under which it authorized the Company to repurchase up to 100 million shares of our common stock. In August 2024, our Board of Directors approved a separate, incremental share repurchase program authorizing the repurchase of up to $3.0 billion in aggregate value of shares of our common stock. Repurchases under these programs will be made at management's discretion from time to time on the open market or in privately negotiated transactions and through Rule 10b5-1 plans. Neither of these repurchase programs has an expiration date, and either program may be suspended for periods, amended or discontinued at any time. Approximately 20 million shares remained available for repurchase under the January 2021 program as of June 30, 2024, and the Company will exhaust its authorization under this program prior to repurchasing shares under the new program.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information As described in Note 1, effective as of the third quarter of 2023, the Company no longer reports the Merchant Solutions segment; it now reports its financial performance based on the following segments: Banking Solutions, Capital Market Solutions and Corporate and Other. Below is a summary of each segment. 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 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. We provide our clients integrated solutions characterized by multi-year processing contracts that generate 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 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 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. Our other operating income recorded in connection with the TSA is also recorded in Corporate and Other. The overhead and leveraged costs relate to corporate marketing, finance, accounting, human resources, legal, compliance and internal audit functions, as well as other costs, such as acquisition, integration and transformation-related expenses, and amortization of acquisition-related intangibles that are not considered when management evaluates revenue-generating segment performance. In the Corporate and Other segment, the Company recorded acquisition, integration and other costs comprised of the following (in millions): Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Acquisition and integration $ 24 $ 5 $ 49 $ 11 Enterprise transformation, including Future Forward and platform modernization 56 74 129 145 Severance and other termination expenses 9 19 27 42 Separation of the Worldpay Merchant Solutions business 80 2 109 2 Incremental stock compensation directly attributable to specific programs 15 4 26 4 Other, including divestiture-related expenses and enterprise cost control and other initiatives 2 9 4 9 Total acquisition, integration and other costs $ 186 $ 113 $ 344 $ 213 Amounts in table may not sum due to rounding. Other costs in Corporate and Other also include incremental amortization expense associated with shortened estimated useful lives and accelerated amortization methods for certain software and deferred contract cost assets resulting from the Company's platform modernization, impairment charges described in Note 7 and costs that were previously incurred in support of the Worldpay Merchant Solutions business but are not directly attributable to it and thus were not recorded in discontinued operations. Adjusted EBITDA Adjusted EBITDA is a measure of segment profit or loss that is reported to the chief operating decision maker, the Company's Chief Executive Officer and President, 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 that do not constitute normal, recurring, cash operating expenses necessary to operate our business. The 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. 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, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 1,710 $ 722 $ 57 $ 2,489 Operating expenses (1,106) (452) (553) (2,111) Depreciation and amortization (including purchase accounting amortization) 161 97 172 430 Acquisition, integration and other costs — — 186 186 Asset impairments — — 4 4 Adjusted EBITDA $ 765 $ 367 $ (134) $ 998 Adjusted EBITDA $ 998 Depreciation and amortization (262) Purchase accounting amortization (168) Acquisition, integration and other costs (186) Asset impairments (4) Interest expense, net (43) Other income (expense), net (13) (Provision) benefit for income taxes (89) Equity method investment earnings (loss), net of tax 10 Net earnings (loss) from discontinued operations, net of tax 1 Net earnings attributable to noncontrolling interest (1) Net earnings (loss) attributable to FIS common stockholders $ 243 Capital expenditures $ 109 $ 70 $ 4 $ 183 For the three months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 1,666 $ 672 $ 86 $ 2,424 Operating expenses (1,096) (423) (554) (2,073) Depreciation and amortization (including purchase accounting amortization) 153 88 198 439 Acquisition, integration and other costs — — 113 113 Asset impairments — — 1 1 Indirect Worldpay business support costs — — 41 41 Adjusted EBITDA $ 723 $ 337 $ (115) $ 945 Adjusted EBITDA $ 945 Depreciation and amortization (264) Purchase accounting amortization (175) Acquisition, integration and other costs (113) Asset impairments (1) Indirect Worldpay business support costs (41) Interest expense, net (160) Other income (expense), net (77) (Provision) benefit for income taxes (29) Net earnings (loss) from discontinued operations, net of tax (6,679) Net earnings attributable to noncontrolling interest (2) Net earnings attributable to FIS common stockholders $ (6,596) Capital expenditures (1) $ 97 $ 63 $ 37 $ 197 (1) Capital expenditures include $20 million in other financing obligations for certain hardware. For the six months ended June 30, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 3,394 $ 1,428 $ 135 $ 4,957 Operating expenses (2,204) (925) (1,089) (4,218) Depreciation and amortization (including purchase accounting amortization) 321 199 339 859 Acquisition, integration and other costs — — 344 344 Asset impairments — — 18 18 Indirect Worldpay business support costs — — 14 14 Adjusted EBITDA $ 1,511 $ 702 $ (239) $ 1,974 Adjusted EBITDA $ 1,974 Depreciation and amortization (525) Purchase accounting amortization (334) Acquisition, integration and other costs (344) Asset impairments (18) Indirect Worldpay business support costs (14) Interest expense,net (120) Other income (expense), net (167) (Provision) benefit for income taxes (116) Equity method investment earnings (loss), net of tax (76) Net earnings (loss) from discontinued operations, net of tax 709 Net earnings attributable to noncontrolling interest (1) Net earnings (loss) attributable to FIS common stockholders $ 968 Capital expenditures $ 227 $ 146 $ 12 $ 385 For the six months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 3,312 $ 1,335 $ 174 $ 4,821 Operating expenses (2,225) (859) (1,076) (4,160) Depreciation and amortization (including purchase accounting amortization) 307 181 398 886 Acquisition, integration and other costs — — 213 213 Asset impairments — — 1 1 Indirect Worldpay business support costs — — 83 83 Adjusted EBITDA $ 1,394 $ 657 $ (207) $ 1,844 Adjusted EBITDA $ 1,844 Depreciation and amortization (535) Purchase accounting amortization (351) Acquisition, integration and other costs (213) Asset impairments (1) Indirect Worldpay business support costs (83) Interest expense, net (302) Other income (expense), net (113) (Provision) benefit for income taxes (65) Net earnings (loss) from discontinued operations, net of tax (6,634) Net earnings attributable to noncontrolling interest (3) Net earnings attributable to FIS common stockholders $ (6,456) Capital expenditures (1) $ 194 $ 127 $ 70 $ 391 (1) Capital expenditures include $20 million in other financing obligations for certain hardware.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 243	$ (6,596)	$ 968	$ (6,456)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
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, 2023. The preparation of these consolidated financial statements in conformity with United States ("U.S.") generally accepted accounting principles ("GAAP") and the related rules and regulations of the U.S. Securities and Exchange Commission ("SEC" or "Commission") requires our management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related 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 inflation and economic growth rates. These estimates may change as new events occur and additional information is obtained. Future actual results could differ materially from these estimates. To the extent that there are differences between these estimates, judgments and assumptions and actual results, our consolidated financial statements will be affected.
Equity Method Investment	Equity Method Investment The Company reports its investments in unconsolidated entities over whose operating and financial policies the Company has the ability to exercise significant influence, but not control, under the equity method of accounting. Equity method investments are initially recorded at cost and are included in Equity method investment on the consolidated balance sheet. Under this method of accounting, the Company's pro rata share of the investee's earnings or losses is reported in Equity method investment earnings (loss), net of tax, in the consolidated statement of earnings (loss). The Company also reports its investor-level tax impact relating to equity method investments as a component of Equity method investment earnings (loss) in the consolidated statement of earnings (loss). The Company monitors its investments for other-than-temporary impairment by considering factors such as current economic and market conditions and the operating performance of the investees and records reductions in carrying values when necessary. Equity method investees are considered related parties of the Company. Distributions received from our equity method investments are recorded as reductions in the carrying value of such investments and are classified on the consolidated statement of cash flows pursuant to the cumulative earnings approach. Under this approach, the distributions should be classified as either a return on investment, which would be included in operating activities, or a return of investment, which would be included in investing activities. Any distributions received up to the amount of cumulative equity in earnings of the investee would be considered a return on investment and classified in operating activities. Any distributions in excess of cumulative equity in earnings of the investee would be considered a return of investment and classified in investing activities. Thus, to the extent our equity in earnings of the investee reflects cumulative losses, the distributions are considered a return of investment and classified in investing activities.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Reconciliation of Major Components of Discontinued Operations, Net of Tax Presented in the Consolidated Statements of Earnings (Loss)	The following table represents a reconciliation of the major components of Earnings (loss) from discontinued operations, net of tax, presented in the consolidated statements of earnings (loss), reflecting activity for the three and six months ended June 30, 2024 (in millions). The Company's presentation of earnings (loss) from discontinued operations excludes general corporate overhead costs that were historically allocated to the Worldpay Merchant Solutions business. Additionally, beginning on July 5, 2023, the Company stopped amortization of long-lived assets held for sale in accordance with ASC 360. Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Major components of earnings (loss) from discontinued operations before income taxes: Revenue $ 4 $ 1,322 $ 406 $ 2,435 Cost of revenue (2) (670) (64) (1,270) Selling, general, and administrative expenses — (479) (155) (965) Asset impairments — (6,840) — (6,840) Interest income (expense), net — 7 1 11 Other, net (1) 23 (4) 48 Earnings (loss) from discontinued operations related to major components of pretax earnings (loss) 1 (6,637) 184 (6,581) Loss on sale of disposal group — — (466) — Earnings (loss) from discontinued operations 1 (6,637) (282) (6,581) Provision (benefit) for income taxes — 43 (991) 55 Earnings (loss) from discontinued operations, net of tax attributable to FIS $ 1 $ (6,680) $ 709 $ (6,636) The following table represents the major classes of assets and liabilities of the disposal group classified as held for sale presented in the consolidated balance sheets as of June 30, 2024, and December 31, 2023 (in millions). Assets held for sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated or amortized. June 30, 2024 December 31, 2023 Major classes of assets included in discontinued operations: Cash and cash equivalents $ 43 $ 1,380 Settlement assets 951 6,727 Trade receivables, net of allowance for credit losses of $— and $52 3 1,843 Prepaid expenses and other current assets — 161 Total current assets 997 10,111 Property and equipment, net — 207 Goodwill 15 10,906 Intangible assets, net — 5,971 Software, net — 1,321 Other noncurrent assets 2 613 Total noncurrent assets 17 19,018 Less valuation allowance — (1,909) Total assets of the disposal group classified as held for sale $ 1,014 $ 27,220 Major classes of liabilities included in discontinued operations: Accounts payable, accrued and other liabilities $ 3 $ 998 Settlement payables (1) 946 7,821 Other current liabilities — 65 Total current liabilities 949 8,884 Deferred income taxes — 599 Other noncurrent liabilities — 494 Total noncurrent liabilities — 1,093 Total liabilities of the disposal group classified as held for sale $ 949 $ 9,977 (1) As of June 30, 2024, Settlement payables includes $116 million due to Worldpay, which is a related party.
Schedule of Settlement Assets of Disposal Group	The principal components of the Company's settlement assets of the disposal group are as follows (in millions): June 30, 2024 December 31, 2023 Settlement assets Settlement deposits $ — $ 56 Merchant float 821 2,594 Settlement receivables 130 4,077 Total Settlement assets $ 951 $ 6,727

Equity Method Investment (Table

Equity Method Investment (Tables)	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Summary Worldpay financial information is as follows (in millions): Three months Five months ended ended June 30, 2024 June 30, 2024 Revenue $ 1,349 $ 2,181 Gross profit $ 668 $ 1,053 Earnings (loss) before income taxes $ 3 $ (227) Net earnings (loss) attributable to Worldpay $ (28) $ (271) FIS share of net earnings (loss) attributable to Worldpay, net of tax (1) $ 10 $ (76) (1) For the three- and five-month periods ended June 30, 2024, this amount is net of $22 million and $45 million, respectively, of investor-level tax benefit.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	For the three months ended June 30, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 1,470 $ 452 $ 23 $ 1,945 All others 240 270 34 544 Total $ 1,710 $ 722 $ 57 $ 2,489 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,270 $ 366 $ 43 $ 1,679 Software maintenance 90 143 1 234 Other recurring 68 22 9 99 Total recurring 1,428 531 53 2,012 Software license 37 91 — 128 Professional services 136 99 1 236 Other non-recurring fees 109 1 3 113 Total $ 1,710 $ 722 $ 57 $ 2,489 For the three months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 1,437 $ 424 $ 47 $ 1,908 All others 229 248 39 516 Total $ 1,666 $ 672 $ 86 $ 2,424 Type of Revenue: Recurring revenue: Transaction processing and services $ 1,235 $ 346 $ 65 $ 1,646 Software maintenance 91 130 — 221 Other recurring 62 20 10 92 Total recurring 1,388 496 75 1,959 Software license 19 79 — 98 Professional services 156 97 2 255 Other non-recurring fees (1) 103 — 9 112 Total $ 1,666 $ 672 $ 86 $ 2,424 For the six months ended June 30, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 2,902 $ 897 $ 64 $ 3,863 All others 492 531 71 1,094 Total $ 3,394 $ 1,428 $ 135 $ 4,957 Type of Revenue: Recurring revenue: Transaction processing and services $ 2,534 $ 736 $ 90 $ 3,360 Software maintenance 180 286 1 467 Other recurring 132 45 19 196 Total recurring 2,846 1,067 110 4,023 Software license 87 165 — 252 Professional services 268 195 2 465 Other non-recurring fees 193 1 23 217 Total $ 3,394 $ 1,428 $ 135 $ 4,957 For the six months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Primary Geographical Markets: North America $ 2,857 $ 849 $ 95 $ 3,801 All others 455 486 79 1,020 Total $ 3,312 $ 1,335 $ 174 $ 4,821 Type of Revenue: Recurring revenue: Transaction processing and services $ 2,460 $ 686 $ 131 $ 3,277 Software maintenance 181 260 1 442 Other recurring 116 39 20 175 Total recurring 2,757 985 152 3,894 Software license 30 152 — 182 Professional services 311 197 5 513 Other non-recurring fees (1) 214 1 17 232 Total $ 3,312 $ 1,335 $ 174 $ 4,821 (1) December 31, 2023, was the final deadline for states to complete all benefit issuance under federally funded pandemic relief programs. Accordingly, revenue associated with services the Company provided related to these programs has been classified as Other non-recurring commencing in the fourth quarter of 2023, and related prior-period amounts have been reclassified from Transaction processing and services to Other non-recurring for comparability. Revenue associated with services the Company provided related to these programs was $11 million and $49 million for the three and six months ended June 30, 2023, respectively .

Condensed Consolidated Financ_2

Condensed Consolidated Financial Statement Details (Tables)	6 Months Ended
	Jun. 30, 2024
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): June 30, December 31, Cash and cash equivalents on the consolidated balance sheets $ 2,131 $ 440 Merchant float from discontinued operations included in current assets held for sale 821 2,594 Cash from discontinued operations included in current assets held for sale 43 1,380 Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows $ 2,995 $ 4,414
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): June 30, December 31, Cash and cash equivalents on the consolidated balance sheets $ 2,131 $ 440 Merchant float from discontinued operations included in current assets held for sale 821 2,594 Cash from discontinued operations included in current assets held for sale 43 1,380 Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows $ 2,995 $ 4,414
Schedule of Settlement Assets	The principal components of the Company's settlement assets on the consolidated balance sheets are as follows (in millions): June 30, December 31, Settlement assets Settlement deposits $ 343 $ 463 Settlement receivables 187 154 Total Settlement assets $ 530 $ 617
Schedule of Intangible Assets, Software and Property and Equipment	The following table provides details of Intangible assets, Software and Property and equipment as of June 30, 2024, and December 31, 2023 (in millions): June 30, 2024 December 31, 2023 Cost Accumulated Net Cost Accumulated Net Intangible assets $ 6,449 $ 4,941 $ 1,508 $ 6,468 $ 4,645 $ 1,823 Software $ 4,219 $ 2,041 $ 2,178 $ 4,162 $ 2,047 $ 2,115 Property and equipment $ 2,086 $ 1,441 $ 645 $ 2,074 $ 1,379 $ 695
Schedule of Goodwill	Changes in goodwill during the six months ended June 30, 2024, are summarized below (in millions). Capital Corporate Banking Market And Solutions Solutions Other Total Balance, December 31, 2023 $ 12,588 $ 4,363 $ 20 $ 16,971 Goodwill attributable to acquisitions 5 36 — 41 Foreign currency adjustments (14) (19) — (33) Balance, June 30, 2024 $ 12,579 $ 4,380 $ 20 $ 16,979
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable, accrued and other liabilities as of June 30, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 December 31, 2023 Trade accounts payable $ 101 $ 110 Accrued salaries and incentives 382 472 Accrued benefits and payroll taxes 105 106 Income taxes payables 203 17 Taxes other than income tax 306 301 Accrued interest payable 84 162 Operating lease liabilities 81 85 Related-party payables 36 — Other accrued liabilities 556 606 Total Accounts payable, accrued and other liabilities $ 1,854 $ 1,859

Deferred Contract Costs (Tables

Deferred Contract Costs (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 December 31, 2023 Contract costs on implementations in progress $ 307 $ 291 Contract origination costs on completed implementations, net 599 542 Contract fulfillment costs on completed implementations, net 237 243 Total Deferred contract costs, net $ 1,143 $ 1,076

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt as of June 30, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 Weighted Average Interest Interest June 30, December 31, Rates Rate (1) Maturities 2024 2023 Fixed Rate Notes Senior USD Notes 1.2% - 5.6% 3.7% 2025 - 2052 $ 6,381 $ 8,659 Senior Euro Notes 0.6% - 3.0% 2.7% 2024 - 2039 4,824 4,968 Senior GBP Notes 2.3% - 3.4% 9.7% 2029 - 2031 215 1,178 Revolving Credit Facility (2) —% 2026 — 127 Financing obligations for certain hardware and software 2024 - 2026 75 96 Other (3) (333) (710) Total long-term debt, including current portion 11,162 14,318 Current portion of long-term debt (578) (1,348) Long-term debt, excluding current portion $ 10,584 $ 12,970 (1) The weighted average interest rate includes the impact of the fair value basis adjustments due to interest rate swaps and the impact of cross-currency interest rate swaps designated as fair value hedges and excludes the impact of cross-currency interest rate swaps designated as net investment hedges (see Note 10). The impact of the included fair value basis adjustments and cross-currency interest rate swaps in certain cases results in an effective weighted average interest rate being outside the stated interest rate range on the fixed rate notes. (2) Interest on the Revolving Credit Facility is generally payable at Secured Overnight Financing Rate ("SOFR") plus a margin of up to 0.428% dependent on tenor, plus an applicable margin of up to 1.625% and 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 the amount of fair value basis adjustments due to interest rate swaps (see further discussion below in Note 10), unamortized debt issuance costs and unamortized non-cash bond discounts.
Schedule of Short-Term Debt	Short-term borrowings as of June 30, 2024, and December 31, 2023, consisted of the following (in millions): June 30, 2024 Weighted Average Interest June 30, December 31, Rate Maturities 2024 2023 Euro-commercial paper notes ("ECP Notes") — % Up to 183 days $ — $ 2,118 U.S. commercial paper notes ("USCP Notes") — % Up to 397 days — 2,642 Total Short-term borrowings $ — $ 4,760
Schedule of Principal Maturities of Long-Term Debt	The following table summarizes the amount of our long-term debt, including financing obligations for certain hardware and software, as of June 30, 2024, based on maturity date. Total 2024 $ 569 2025 981 2026 1,268 2027 1,571 2028 1,649 Thereafter 5,457 Total principal payments 11,495 Other debt per the long-term debt table (333) Total long-term debt, including current portion $ 11,162

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Investment Hedges	Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Foreign currency-denominated debt designations $ 6 $ (7) $ 33 $ (123) Cross-currency interest rate swap designations 46 (84) 99 (189) Total $ 52 $ (91) $ 132 $ (312)

Net Earnings (Loss) per Share (

Net Earnings (Loss) per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) 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, 2024 and 2023 (in millions, except per share amounts): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Net earnings (loss) from continuing operations attributable to FIS common stockholders $ 242 $ 84 $ 259 $ 180 Net earnings (loss) from discontinued operations attributable to FIS common stockholders 1 (6,680) 709 (6,636) Net earnings (loss) attributable to FIS common stockholders $ 243 $ (6,596) $ 968 $ (6,456) Weighted average shares outstanding-basic 554 592 565 592 Plus: Common stock equivalent shares 3 — 2 — Weighted average shares outstanding-diluted 557 592 567 592 Net earnings (loss) per share-basic from continuing operations attributable to FIS common stockholders $ 0.44 $ 0.14 $ 0.46 $ 0.30 Net earnings (loss) per share-basic from discontinued operations attributable to FIS common stockholders — (11.28) 1.25 (11.21) Net earnings (loss) per share-basic attributable to FIS common stockholders $ 0.44 $ (11.14) $ 1.71 $ (10.91) Net earnings (loss) per share-diluted from continuing operations attributable to FIS common stockholders $ 0.43 $ 0.14 $ 0.46 $ 0.30 Net earnings (loss) per share-diluted from discontinued operations attributable to FIS common stockholders — (11.28) 1.25 (11.21) Net earnings (loss) per share-diluted attributable to FIS common stockholders $ 0.44 $ (11.14) $ 1.71 $ (10.91)

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Business Acquisitions, by Acquisition	In the Corporate and Other segment, the Company recorded acquisition, integration and other costs comprised of the following (in millions): Three months ended Six months ended June 30, June 30, 2024 2023 2024 2023 Acquisition and integration $ 24 $ 5 $ 49 $ 11 Enterprise transformation, including Future Forward and platform modernization 56 74 129 145 Severance and other termination expenses 9 19 27 42 Separation of the Worldpay Merchant Solutions business 80 2 109 2 Incremental stock compensation directly attributable to specific programs 15 4 26 4 Other, including divestiture-related expenses and enterprise cost control and other initiatives 2 9 4 9 Total acquisition, integration and other costs $ 186 $ 113 $ 344 $ 213 Amounts in table may not sum due to rounding.
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 June 30, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 1,710 $ 722 $ 57 $ 2,489 Operating expenses (1,106) (452) (553) (2,111) Depreciation and amortization (including purchase accounting amortization) 161 97 172 430 Acquisition, integration and other costs — — 186 186 Asset impairments — — 4 4 Adjusted EBITDA $ 765 $ 367 $ (134) $ 998 Adjusted EBITDA $ 998 Depreciation and amortization (262) Purchase accounting amortization (168) Acquisition, integration and other costs (186) Asset impairments (4) Interest expense, net (43) Other income (expense), net (13) (Provision) benefit for income taxes (89) Equity method investment earnings (loss), net of tax 10 Net earnings (loss) from discontinued operations, net of tax 1 Net earnings attributable to noncontrolling interest (1) Net earnings (loss) attributable to FIS common stockholders $ 243 Capital expenditures $ 109 $ 70 $ 4 $ 183 For the three months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 1,666 $ 672 $ 86 $ 2,424 Operating expenses (1,096) (423) (554) (2,073) Depreciation and amortization (including purchase accounting amortization) 153 88 198 439 Acquisition, integration and other costs — — 113 113 Asset impairments — — 1 1 Indirect Worldpay business support costs — — 41 41 Adjusted EBITDA $ 723 $ 337 $ (115) $ 945 Adjusted EBITDA $ 945 Depreciation and amortization (264) Purchase accounting amortization (175) Acquisition, integration and other costs (113) Asset impairments (1) Indirect Worldpay business support costs (41) Interest expense, net (160) Other income (expense), net (77) (Provision) benefit for income taxes (29) Net earnings (loss) from discontinued operations, net of tax (6,679) Net earnings attributable to noncontrolling interest (2) Net earnings attributable to FIS common stockholders $ (6,596) Capital expenditures (1) $ 97 $ 63 $ 37 $ 197 (1) Capital expenditures include $20 million in other financing obligations for certain hardware. For the six months ended June 30, 2024 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 3,394 $ 1,428 $ 135 $ 4,957 Operating expenses (2,204) (925) (1,089) (4,218) Depreciation and amortization (including purchase accounting amortization) 321 199 339 859 Acquisition, integration and other costs — — 344 344 Asset impairments — — 18 18 Indirect Worldpay business support costs — — 14 14 Adjusted EBITDA $ 1,511 $ 702 $ (239) $ 1,974 Adjusted EBITDA $ 1,974 Depreciation and amortization (525) Purchase accounting amortization (334) Acquisition, integration and other costs (344) Asset impairments (18) Indirect Worldpay business support costs (14) Interest expense,net (120) Other income (expense), net (167) (Provision) benefit for income taxes (116) Equity method investment earnings (loss), net of tax (76) Net earnings (loss) from discontinued operations, net of tax 709 Net earnings attributable to noncontrolling interest (1) Net earnings (loss) attributable to FIS common stockholders $ 968 Capital expenditures $ 227 $ 146 $ 12 $ 385 For the six months ended June 30, 2023 (in millions): Capital Banking Market Corporate Solutions Solutions and Other Total Revenue $ 3,312 $ 1,335 $ 174 $ 4,821 Operating expenses (2,225) (859) (1,076) (4,160) Depreciation and amortization (including purchase accounting amortization) 307 181 398 886 Acquisition, integration and other costs — — 213 213 Asset impairments — — 1 1 Indirect Worldpay business support costs — — 83 83 Adjusted EBITDA $ 1,394 $ 657 $ (207) $ 1,844 Adjusted EBITDA $ 1,844 Depreciation and amortization (535) Purchase accounting amortization (351) Acquisition, integration and other costs (213) Asset impairments (1) Indirect Worldpay business support costs (83) Interest expense, net (302) Other income (expense), net (113) (Provision) benefit for income taxes (65) Net earnings (loss) from discontinued operations, net of tax (6,634) Net earnings attributable to noncontrolling interest (3) Net earnings attributable to FIS common stockholders $ (6,456) Capital expenditures (1) $ 194 $ 127 $ 70 $ 391 (1) Capital expenditures include $20 million in other financing obligations for certain hardware.

Basis of Presentation (Details)

Basis of Presentation (Details) - GTCR - Worldpay Merchant Solutions	Jan. 31, 2024
Worldpay Merchant Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Ownership interest retained by founders	45%
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Percentage of equity interests divestiture	55%

Discontinued Operations - Sched

Discontinued Operations - Schedule of Major Components of Discontinued Operations, Net of Tax (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Major components of earnings (loss) from discontinued operations before income taxes:
Earnings (loss) from discontinued operations, net of tax attributable to FIS		$ 1	$ (6,679)	$ 709	$ (6,634)
Worldpay Merchant Solutions | Discontinued Operations, Held-for-Sale
Major components of earnings (loss) from discontinued operations before income taxes:
Revenue		4	1,322	406	2,435
Cost of revenue		(2)	(670)	(64)	(1,270)
Selling, general, and administrative expenses		0	(479)	(155)	(965)
Asset impairments		0	(6,840)	0	(6,840)
Interest income (expense), net		0	7	1	11
Other, net		(1)	23	(4)	48
Earnings (loss) from discontinued operations related to major components of pretax earnings (loss)		1	(6,637)	184	(6,581)
Loss on sale of disposal group	$ (466)	0	0	(466)	0
Earnings (loss) from discontinued operations		1	(6,637)	(282)	(6,581)
Provision (benefit) for income taxes	$ (991)	0	43	(991)	55
Earnings (loss) from discontinued operations, net of tax attributable to FIS		$ 1	$ (6,680)	$ 709	$ (6,636)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations, Held-for-Sale - Worldpay Merchant Solutions - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Loss on sale of disposal group	$ 466	$ 0	$ 0	$ 466	$ 0
Provision (benefit) for income taxes	$ 991	$ 0	$ (43)	$ 991	$ (55)

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Major Classes of Assets and Liabilities of the Disposal Group Classified as Held for Sale (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Major classes of assets included in discontinued operations:
Settlement assets	$ 951	$ 6,727
Total current assets	997	10,111
Total noncurrent assets	17	17,109
Major classes of liabilities included in discontinued operations:
Total current liabilities	949	8,884
Total noncurrent liabilities	0	1,093
Worldpay Merchant Solutions
Major classes of liabilities included in discontinued operations:
Total current liabilities	116
Worldpay Merchant Solutions | Discontinued Operations, Held-for-Sale
Major classes of assets included in discontinued operations:
Cash and cash equivalents	43	1,380
Settlement assets	951	6,727
Trade receivables, net of allowance for credit losses of $— and $52	3	1,843
Prepaid expenses and other current assets	0	161
Total current assets	997	10,111
Property and equipment, net	0	207
Goodwill	15	10,906
Intangible assets, net	0	5,971
Software, net	0	1,321
Other noncurrent assets	2	613
Total noncurrent assets	17	19,018
Less valuation allowance	0	(1,909)
Total assets of the disposal group classified as held for sale	1,014	27,220
Major classes of liabilities included in discontinued operations:
Accounts payable, accrued and other liabilities	3	998
Settlement payables	946	7,821
Other current liabilities	0	65
Total current liabilities	949	8,884
Deferred income taxes	0	599
Other noncurrent liabilities	0	494
Total noncurrent liabilities	0	1,093
Total liabilities of the disposal group classified as held for sale	949	9,977
Allowance for credit loss	0	$ 52
Worldpay Merchant Solutions | Discontinued Operations, Held-for-Sale | Payrix | Related Party
Major classes of liabilities included in discontinued operations:
Settlement payables	$ 116

Discontinued Operations - Sch_3

Discontinued Operations - Schedule of Settlement Assets of Disposal Group (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Settlement assets
Settlement deposits	$ 0	$ 56
Merchant float	821	2,594
Settlement receivables	130	4,077
Total Settlement assets	$ 951	$ 6,727

Equity Method Investment - Narr

Equity Method Investment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Other operating (income) expense, net - related party	$ 40	$ 0		$ 73	$ 0
Receivable from related party				169	$ 0
Current liabilities held for sale	949		$ 949	949		$ 8,884
Other payables	1,854		1,854	1,854		1,859
Related Party
Schedule of Equity Method Investments [Line Items]
Trade receivables, net of allowance for credit losses and receivable from related party	169		$ 169	$ 169		$ 0
Worldpay Merchant Solutions
Schedule of Equity Method Investments [Line Items]
Support service period			24 months
Employee leasing agreement after closing, period			6 months
Amount of continuing cash flows after disposal	272		$ 411
Number of payable period				30 days
Current liabilities held for sale	116		116	$ 116
Number of business days to payment				5 days
Other payables	36		36	$ 36
Worldpay Merchant Solutions | Related Party
Schedule of Equity Method Investments [Line Items]
Trade receivables, net of allowance for credit losses and receivable from related party	169		169	169
Receivable from related party				$ 58
Worldpay Merchant Solutions | Employee Leasing Agreement
Schedule of Equity Method Investments [Line Items]
Pass-through costs and third-party pass-through costs	132		247
Number of payable period				10 days
Worldpay Merchant Solutions | Transition Services Agreement
Schedule of Equity Method Investments [Line Items]
Pass-through costs and third-party pass-through costs	36		93
Other operating (income) expense, net - related party	40		73
Number of payable period				30 days
Worldpay Merchant Solutions | Various Commercial Services
Schedule of Equity Method Investments [Line Items]
Revenue earned	$ 32		$ 55
Worldpay Merchant Solutions
Schedule of Equity Method Investments [Line Items]
Percentage of equity interests divestiture	45%		45%	45%
Distributions of earnings from equity method investments	$ 29

Equity Method Investment - Sche

Equity Method Investment - Schedule of Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Schedule of Equity Method Investments [Line Items]
Revenue	$ 2,489	$ 2,424		$ 4,957	$ 4,821
Gross profit	951	905		1,866	1,735
Net earnings (loss) attributable to Worldpay	244	(6,594)		969	(6,453)
FIS share of net earnings (loss) attributable to Worldpay, net of tax	243	(6,596)		968	(6,456)
Provision (benefit) for income taxes	89	$ 29		$ 116	$ 65
Worldpay Merchant Solutions
Schedule of Equity Method Investments [Line Items]
Revenue	1,349		$ 2,181
Gross profit	668		1,053
Earnings (loss) before income taxes	3		(227)
Net earnings (loss) attributable to Worldpay	(28)		(271)
FIS share of net earnings (loss) attributable to Worldpay, net of tax	10		(76)
Provision (benefit) for income taxes	$ 22		$ 45

Virtus Acquisition (Details)

Virtus Acquisition (Details) - USD ($) $ in Millions		1 Months Ended	6 Months Ended
	Jan. 02, 2020	Jan. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Business Acquisition
FIS paid redemption value			$ 0	$ 173
Virtus Acquisition
Business Acquisition
Percentage of equity interests acquired	70%
Call option exercise period	2 years
Put option exercise period	3 years
Virtus Acquisition | Virtus Partners
Business Acquisition
Percentage of equity interests acquired		100%
Ownership interest retained by founders	30%
FIS paid redemption value		$ 173

Revenue - Disaggregate Revenue

Revenue - Disaggregate Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue
Revenue	$ 2,489	$ 2,424	$ 4,957	$ 4,821
Recurring
Disaggregation of Revenue
Revenue	2,012	1,959	4,023	3,894
Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	1,679	1,646	3,360	3,277
Software maintenance | Recurring
Disaggregation of Revenue
Revenue	234	221	467	442
Other recurring | Recurring
Disaggregation of Revenue
Revenue	99	92	196	175
Software license | Non-recurring
Disaggregation of Revenue
Revenue	128	98	252	182
Professional services | Non-recurring
Disaggregation of Revenue
Revenue	236	255	465	513
Other non-recurring fees
Disaggregation of Revenue
Revenue		11		49
Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	113	112	217	232
North America
Disaggregation of Revenue
Revenue	1,945	1,908	3,863	3,801
All others
Disaggregation of Revenue
Revenue	544	516	1,094	1,020
Banking Solutions
Disaggregation of Revenue
Revenue	1,710	1,666	3,394	3,312
Banking Solutions | Recurring
Disaggregation of Revenue
Revenue	1,428	1,388	2,846	2,757
Banking Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	1,270	1,235	2,534	2,460
Banking Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	90	91	180	181
Banking Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	68	62	132	116
Banking Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	37	19	87	30
Banking Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	136	156	268	311
Banking Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	109	103	193	214
Banking Solutions | North America
Disaggregation of Revenue
Revenue	1,470	1,437	2,902	2,857
Banking Solutions | All others
Disaggregation of Revenue
Revenue	240	229	492	455
Capital Market Solutions
Disaggregation of Revenue
Revenue	722	672	1,428	1,335
Capital Market Solutions | Recurring
Disaggregation of Revenue
Revenue	531	496	1,067	985
Capital Market Solutions | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	366	346	736	686
Capital Market Solutions | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	143	130	286	260
Capital Market Solutions | Other recurring | Recurring
Disaggregation of Revenue
Revenue	22	20	45	39
Capital Market Solutions | Software license | Non-recurring
Disaggregation of Revenue
Revenue	91	79	165	152
Capital Market Solutions | Professional services | Non-recurring
Disaggregation of Revenue
Revenue	99	97	195	197
Capital Market Solutions | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	1	0	1	1
Capital Market Solutions | North America
Disaggregation of Revenue
Revenue	452	424	897	849
Capital Market Solutions | All others
Disaggregation of Revenue
Revenue	270	248	531	486
Corporate and Other
Disaggregation of Revenue
Revenue	57	86	135	174
Corporate and Other | Recurring
Disaggregation of Revenue
Revenue	53	75	110	152
Corporate and Other | Transaction processing and services | Recurring
Disaggregation of Revenue
Revenue	43	65	90	131
Corporate and Other | Software maintenance | Recurring
Disaggregation of Revenue
Revenue	1	0	1	1
Corporate and Other | Other recurring | Recurring
Disaggregation of Revenue
Revenue	9	10	19	20
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	2	2	5
Corporate and Other | Other non-recurring fees | Non-recurring
Disaggregation of Revenue
Revenue	3	9	23	17
Corporate and Other | North America
Disaggregation of Revenue
Revenue	23	47	64	95
Corporate and Other | All others
Disaggregation of Revenue
Revenue	$ 34	$ 39	$ 71	$ 79

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from contract liability	$ 202	$ 184	$ 528	$ 498
Remaining revenue recognition	$ 22,500		$ 22,500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining performance obligation, percentage	32%		32%
Performance obligations expected to be satisfied, expected timing	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining performance obligation, percentage	24%		24%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Performance obligations expected to be satisfied, expected timing	13 months		13 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
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, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Condensed Consolidated Financial Statement Details [Abstract]
Cash and cash equivalents on the consolidated balance sheets	$ 2,131	$ 440
Merchant float from discontinued operations included in current assets held for sale	821	2,594
Cash from discontinued operations included in current assets held for sale	43	1,380
Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows	$ 2,995	$ 4,414	$ 4,361	$ 4,813

Condensed Consolidated Financ_4

Condensed Consolidated Financial Statement Details - Settlement Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Settlement Assets [Abstract]
Settlement deposits	$ 343	$ 463
Settlement receivables	187	154
Total Settlement assets	$ 530	$ 617

Condensed Consolidated Financ_5

Condensed Consolidated Financial Statement Details - Schedule of Intangible Assets, Software and Property and Equipment (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Condensed Consolidated Financial Statement Details [Abstract]
Intangible assets, cost	$ 6,449	$ 6,468
Intangible assets, accumulated depreciation and amortization	4,941	4,645
Intangible assets, net	1,508	1,823
Software, cost	4,219	4,162
Software, accumulated depreciation and amortization	2,041	2,047
Software, net	2,178	2,115
Property and equipment, cost	2,086	2,074
Property and equipment, accumulated depreciation and amortization	1,441	1,379
Property and equipment, net	$ 645	$ 695

Condensed Consolidated Financ_6

Condensed Consolidated Financial Statement Details - Intangible Assets, Software and Property and Equipment Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 159	$ 171	$ 320	$ 342
Asset impairments	4	1	18	1
Termination of certain internally developed software projects
Finite-Lived Intangible Assets [Line Items]
Asset impairments	4	1	15	1
Property and Equipment
Finite-Lived Intangible Assets [Line Items]
Depreciation expense	44	41	88	83
Software
Finite-Lived Intangible Assets [Line Items]
Amortization expense	144	$ 152	286	$ 304
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	1,400		1,400
Trademarks and Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 77		$ 77

Condensed Consolidated Financ_7

Condensed Consolidated Financial Statement Details - Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill
Beginning balance	$ 16,971
Goodwill attributable to acquisitions	41
Foreign currency adjustments	(33)
Ending balance	16,979
Banking Solutions
Goodwill
Beginning balance	12,588
Goodwill attributable to acquisitions	5
Foreign currency adjustments	(14)
Ending balance	12,579
Capital Market Solutions
Goodwill
Beginning balance	4,363
Goodwill attributable to acquisitions	36
Foreign currency adjustments	(19)
Ending balance	4,380
Corporate And Other
Goodwill
Beginning balance	20
Goodwill attributable to acquisitions	0
Foreign currency adjustments	0
Ending balance	$ 20

Condensed Consolidated Financ_8

Condensed Consolidated Financial Statement Details - Equity Security Investments Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Other nonoperating income (expense)
Equity Securities without Readily Determinable Fair Value [Line Items]
Gains (losses) on investments, realized and unrealized	$ (3)	$ (32)	$ (4)	$ (34)
Other Noncurrent Assets
Equity Securities without Readily Determinable Fair Value [Line Items]
Equity securities without readily determinable fair values	$ 197		$ 197		$ 195

Condensed Consolidated Financ_9

Condensed Consolidated Financial Statement Details - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Condensed Consolidated Financial Statement Details [Abstract]
Trade accounts payable	$ 101	$ 110
Accrued salaries and incentives	382	472
Accrued benefits and payroll taxes	105	106
Income taxes payables	203	17
Taxes other than income tax	306	301
Accrued interest payable	84	162
Operating lease liabilities	81	85
Related-party payables	36	0
Other accrued liabilities	556	606
Total Accounts payable, accrued and other liabilities	$ 1,854	$ 1,859

Deferred Contract Costs - Sched

Deferred Contract Costs - Schedule of Deferred Contract Cost (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Capitalized Contract Cost
Total Deferred contract costs, net	$ 1,143	$ 1,076
Contract costs on implementations in progress
Capitalized Contract Cost
Total Deferred contract costs, net	307	291
Contract origination costs on completed implementations, net
Capitalized Contract Cost
Total Deferred contract costs, net	599	542
Contract fulfillment costs on completed implementations, net
Capitalized Contract Cost
Total Deferred contract costs, net	$ 237	$ 243

Deferred Contract Costs - Narra

Deferred Contract Costs - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of contract costs	$ 83	$ 76	$ 166	$ 159

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Long-Term Debt
Financing obligations for certain hardware and software	$ 75	$ 96
Other	(333)	(710)
Total long-term debt, including current portion	11,162	14,318
Current portion of long-term debt	(578)	(1,348)
Long-term debt, excluding current portion	$ 10,584	12,970
Revolving Credit Facility
Long-Term Debt
Weighted average interest rate	0%
Revolving credit facility	$ 0	127
Unused commitment fee	0.225%
Revolving Credit Facility | Maximum
Long-Term Debt
Applicable margin	1.625%
Revolving Credit Facility | Maximum | SOFR
Long-Term Debt
Applicable margin	0.428%
Senior Notes | Senior USD Notes
Long-Term Debt
Weighted average interest rate	3.70%
Senior notes	$ 6,381	8,659
Senior Notes | Senior USD Notes | Minimum
Long-Term Debt
Interest rates	1.20%
Senior Notes | Senior USD Notes | Maximum
Long-Term Debt
Interest rates	5.60%
Senior Notes | Senior Euro Notes
Long-Term Debt
Weighted average interest rate	2.70%
Senior notes	$ 4,824	4,968
Senior Notes | Senior Euro Notes | Minimum
Long-Term Debt
Interest rates	0.60%
Senior Notes | Senior Euro Notes | Maximum
Long-Term Debt
Interest rates	3%
Senior Notes | Senior GBP Notes
Long-Term Debt
Weighted average interest rate	9.70%
Senior notes	$ 215	$ 1,178
Senior Notes | Senior GBP Notes | Minimum
Long-Term Debt
Interest rates	2.30%
Senior Notes | Senior GBP Notes | Maximum
Long-Term Debt
Interest rates	3.40%

Debt - Short-Term Debt (Details

Debt - Short-Term Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Short-term Debt
Short-term borrowings	$ 0	$ 4,760
Commercial Paper | FIS Credit Agreements | Euro-commercial paper notes ("ECP Notes")
Short-term Debt
Short term debt, weighted average interest rate	0%
Maturities	183 days
Commercial paper	$ 0	2,118
Commercial Paper | FIS Credit Agreements | U.S. commercial paper notes ("USCP Notes")
Short-term Debt
Short term debt, weighted average interest rate	0%
Maturities	397 days
Commercial paper	$ 0	$ 2,642

Debt - Narrative (Details)

Debt - Narrative (Details) € in Millions, $ in Millions, £ in Billions	1 Months Ended		6 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2024 GBP (£)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jul. 15, 2024 EUR (€)	Mar. 30, 2024 USD ($)	Mar. 01, 2024 USD ($)	Dec. 31, 2023 USD ($)	May 21, 2023 EUR (€)	Mar. 01, 2023 USD ($)
Debt Instrument
Other long-term debt			$ (245)					$ (594)
Weighted average interest rate, excluding cross currency interest rate swaps			3.60%
Debt, weighted average interest rate			2.80%
Repayments of long-term debt			$ 21,396	$ 44,496
Loss on extinguishment of debt			174	$ 0
Difference in carrying value and fair value of long term debt			1,032					$ 1,086
Revolving Credit Facility
Debt Instrument
Credit facility outstanding	$ 4,500					$ 5,500
Borrowing capacity remaining			$ 4,500
Senior Notes
Debt Instrument
Loss on extinguishment of debt	174
Senior Notes | Senior USD Notes
Debt Instrument
Principal amount of debt							$ 750			$ 750
Repayments of long-term debt	$ 1,500
Senior Notes | Senior USD Notes | Minimum
Debt Instrument
Interest rates			1.20%
Senior Notes | Senior USD Notes | Maximum
Debt Instrument
Interest rates			5.60%
Senior Notes | Senior GBP Notes
Debt Instrument
Repayments of long-term debt | £		£ 1
Senior Notes | Senior GBP Notes | Minimum
Debt Instrument
Interest rates			2.30%
Senior Notes | Senior GBP Notes | Maximum
Debt Instrument
Interest rates			3.40%
Senior Notes | Senior Euro Floating Rates Notes | Minimum
Debt Instrument
Interest rates	2.25%
Senior Notes | Senior Euro Floating Rates Notes | Maximum
Debt Instrument
Interest rates	5.625%
Senior Notes | Senior Euro Notes
Debt Instrument
Principal amount of debt | €									€ 1,300
Senior Notes | Senior Euro Notes | Subsequent Event
Debt Instrument
Principal amount of debt | €					€ 500
Interest rates					1.10%
Senior Notes | Senior Euro Notes | Minimum
Debt Instrument
Interest rates			0.60%
Senior Notes | Senior Euro Notes | Maximum
Debt Instrument
Interest rates			3%

Debt - Principal Maturities of

Debt - Principal Maturities of Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Principal maturities of long-term debt
Other debt per the long-term debt table	$ (333)	$ (710)
FIS Credit Agreements
Principal maturities of long-term debt
2024	569
2025	981
2026	1,268
2027	1,571
2028	1,649
Thereafter	5,457
Total principal payments	11,495
Other debt per the long-term debt table	(333)
Total long-term debt, including current portion	$ 11,162

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) € in Millions, £ in Millions, $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 GBP (£)	Jun. 30, 2024 EUR (€)	Mar. 31, 2024 GBP (£)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 GBP (£)	Dec. 31, 2023 EUR (€)	Sep. 30, 2023 EUR (€)	Jun. 30, 2023 GBP (£)
Derivative [Line Items]
Other investing activities, net			$ 42	$ 28
Other financing activities, net			40	(7)
Loss on extinguishment of debt			174	0
Settlement of net investment hedge cross-currency interest rate swaps			8	17
Senior Notes
Derivative [Line Items]
Loss on extinguishment of debt	$ 174
Net Investment Hedges
Derivative [Line Items]
Derivative liability fair value		$ 1	1
Derivative asset fair value								$ 41
Other financing activities, net			13
Net Investment Hedges | Senior Notes
Derivative [Line Items]
Notional amount | €						€ 400				€ 1,500
Net Investment Hedges | Senior Notes | Senior Euro Notes Maturing 2022 to 2039 and ECP Notes
Derivative [Line Items]
Notional amount | €						715				1,115
Net Investment Hedges | Senior Notes | Sterling Senior Notes Due 2022 to 2031
Derivative [Line Items]
Notional amount | €										419
Interest Rate Swap
Derivative [Line Items]
Settlement of net investment hedge cross-currency interest rate swaps			(8)	$ (17)
Interest Rate Swap | Fair Value Hedging
Derivative [Line Items]
Notional amount		1,854	1,854		£ 925	500		1,854	£ 925	500
Unamortized fair value basis adjustments	316
Derivative liability fair value		245	245					594
Fair value of interest expense using amortization approach		14	33
Net offset by changes in spot foreign currency exchange rates		(5)	(1)
Other investing activities, net			53
Interest Rate Swap | Fair Value Hedging | New Offsetting Variable-to-Fixed Interest Rate Swaps
Derivative [Line Items]
Notional amount		1,854	1,854		925	500
Derivative liability fair value		633	633					675
Derivative asset fair value		23	23					12
Interest Rate Swap | Net Investment Hedges
Derivative [Line Items]
Derivative liability fair value		52	52					240
Derivative asset fair value		61	61					38
Currency Swap | Fair Value Hedging
Derivative [Line Items]
Notional amount							£ 170				€ 3,375	£ 925
Derivative liability fair value		28	28
Fair value of interest expense using amortization approach		12	23
Net offset by changes in spot foreign currency exchange rates		(26)	(113)
Derivative asset fair value								$ 134
Other comprehensive earnings (loss) for the changes in swap fair values attributable to excluded components		$ (24)	$ (29)
Other financing activities, net	33
Loss on extinguishment of debt	$ 19
Currency Swap | Net Investment Hedges
Derivative [Line Items]
Notional amount					£ 0	€ 5,045			£ 2,180	€ 6,143

Financial Instruments - Schedul

Financial Instruments - Schedule of Net Investment Hedges (Details) - Designated as Hedging Instrument - Net Investment Hedges - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on investment hedges	$ 52	$ (91)	$ 132	$ (312)
Foreign currency-denominated debt designations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on investment hedges	6	(7)	33	(123)
Cross-currency interest rate swap designations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on investment hedges	$ 46	$ (84)	$ 99	$ (189)

Commitments and Contingencies (

Commitments and Contingencies (Details) - Pending Litigation - Potential Tax Liability - Secretariat of The Federal Revenue Bureau of Brazil $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) claim
Loss Contingencies
Loss contingency, number of pending claims	19
Loss contingency, active claims, number	17
Loss contingency, value of damages sought | $	$ 13
Loss contingency, number of potential new claims filed	19
Loss contingency, potential additional claims amount sought | $	$ 32
Loss contingency, number of total pending and potential pending claims	36
Maximum
Loss Contingencies
Loss contingency, estimate of possible loss | $	$ 45

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net earnings (loss) from continuing operations attributable to FIS common stockholders	$ 242	$ 84	$ 259	$ 180
Net earnings (loss) from discontinued operations attributable to FIS common stockholders	1	(6,680)	709	(6,636)
Net earnings attributable to FIS common stockholders	$ 243	$ (6,596)	$ 968	$ (6,456)
Weighted average shares outstanding-basic (in shares)	554	592	565	592
Plus: Common stock equivalent shares (in shares)	3	0	2	0
Weighted average shares outstanding-diluted (in shares)	557	592	567	592
Net earnings (loss) per share-basic from continuing operations attributable to FIS common stockholders (in dollars per share)	$ 0.44	$ 0.14	$ 0.46	$ 0.30
Net earnings (loss) per share-basic from discontinued operations attributable to FIS common stockholders (in dollars per share)	0	(11.28)	1.25	(11.21)
Net earnings (loss) per share-basic attributable to FIS common stockholders (in dollars per share)	0.44	(11.14)	1.71	(10.91)
Net earnings (loss) per share-diluted from continuing operations attributable to FIS common stockholders (in dollars per share)	0.43	0.14	0.46	0.30
Net earnings (loss) per share-diluted from discontinued operations attributable to FIS common stockholders (in dollars per share)	0	(11.28)	1.25	(11.21)
Net earnings (loss) per share-diluted attributable to FIS common stockholders (in dollars per share)	$ 0.44	$ (11.14)	$ 1.71	$ (10.91)

Net Earnings (Loss) per Share_2

Net Earnings (Loss) per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Aug. 31, 2024	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)		2		1
Number of shares authorized to be repurchased (in shares)						100
Remaining number of shares authorized to be repurchased (in shares)	20		20
Forecast
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares authorized to be repurchased (in shares)					3,000
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)	7	9	7	9

Segment Information - Schedule

Segment Information - Schedule of Acquisition, Integration and Other Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information
Acquisition and integration	$ 24	$ 5	$ 49	$ 11
Total acquisition, integration and other costs	186	113	344	213
One-Time Performance-Related Awards
Segment Reporting Information
Incremental stock compensation directly attributable to specific programs	15	4	26	4
Worldpay Merchant Solutions
Segment Reporting Information
Separation of the Worldpay Merchant Solutions business	80	2	109	2
Enterprise Costs Control and Other Initiatives
Segment Reporting Information
Other, including divestiture-related expenses and enterprise cost control and other initiatives	2	9	4	9
Platform Initiatives | Enterprise Cost Control Initiatives and Changes in Senior Management
Segment Reporting Information
Severance and other termination expenses	9	19	27	42
Future Forward | Platform Modernization
Segment Reporting Information
Enterprise transformation, including Future Forward and platform modernization	$ 56	$ 74	$ 129	$ 145

Segment Information - Summarize

Segment Information - Summarized Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Information
Revenue	$ 2,489	$ 2,424	$ 4,957	$ 4,821
Depreciation and amortization (including purchase accounting amortization)			859	888
Asset impairments	4	1	18	1
Asset impairments	(4)	(1)	(18)	(1)
Interest expense, net	(43)	(160)	(120)
Other income (expense), net	(13)	(77)	(167)	(113)
(Provision) benefit for income taxes	(89)	(29)	(116)	(65)
Equity method investment earnings (loss), net of tax	10	0	(76)	0
Net earnings (loss) from discontinued operations, net of tax	1	(6,679)	709	(6,634)
Net earnings attributable to noncontrolling interest	(1)	(2)	(1)	(3)
Net earnings (loss) attributable to FIS common stockholders	243	(6,596)	968	(6,456)
Capital expenditures	183	197	385	391
Capital lease obligations		20		20
Banking Solutions
Segment Information
Revenue	1,710	1,666	3,394	3,312
Capital expenditures	109	97	227	194
Capital Market Solutions
Segment Information
Revenue	722	672	1,428	1,335
Capital expenditures	70	63	146	127
Corporate and Other
Segment Information
Revenue	57	86	135	174
Capital expenditures	4	37	12	70
Operating Segments
Segment Information
Revenue	2,489	2,424	4,957	4,821
Operating expenses	(2,111)	(2,073)	(4,218)	(4,160)
Depreciation and amortization (including purchase accounting amortization)	430	439	859	886
Acquisition, integration and other costs	186	113	344	213
Asset impairments	4	1	18	1
Indirect Worldpay business support costs		41	14	83
Adjusted EBITDA	998	945	1,974	1,844
Acquisition, integration and other costs	(186)	(113)	(344)	(213)
Asset impairments	(4)	(1)	(18)	(1)
Indirect Worldpay business support costs		(41)	(14)	(83)
Operating Segments | Banking Solutions
Segment Information
Revenue	1,710	1,666	3,394	3,312
Operating expenses	(1,106)	(1,096)	(2,204)	(2,225)
Depreciation and amortization (including purchase accounting amortization)	161	153	321	307
Acquisition, integration and other costs	0	0	0	0
Asset impairments	0	0	0	0
Indirect Worldpay business support costs		0	0	0
Adjusted EBITDA	765	723	1,511	1,394
Acquisition, integration and other costs	0	0	0	0
Asset impairments	0	0	0	0
Indirect Worldpay business support costs		0	0	0
Operating Segments | Capital Market Solutions
Segment Information
Revenue	722	672	1,428	1,335
Operating expenses	(452)	(423)	(925)	(859)
Depreciation and amortization (including purchase accounting amortization)	97	88	199	181
Acquisition, integration and other costs	0	0	0	0
Asset impairments	0	0	0	0
Indirect Worldpay business support costs		0	0	0
Adjusted EBITDA	367	337	702	657
Acquisition, integration and other costs	0	0	0	0
Asset impairments	0	0	0	0
Indirect Worldpay business support costs		0	0	0
Operating Segments | Corporate and Other
Segment Information
Revenue	57	86	135	174
Operating expenses	(553)	(554)	(1,089)	(1,076)
Depreciation and amortization (including purchase accounting amortization)	172	198	339	398
Acquisition, integration and other costs	186	113	344	213
Asset impairments	4	1	18	1
Indirect Worldpay business support costs		41	14	83
Adjusted EBITDA	(134)	(115)	(239)	(207)
Acquisition, integration and other costs	(186)	(113)	(344)	(213)
Asset impairments	(4)	(1)	(18)	(1)
Indirect Worldpay business support costs		(41)	(14)	(83)
Segment Reconciling Items
Segment Information
Revenue				(83)
Acquisition, integration and other costs	186	113	344	213
Asset impairments	4	1	18	1
Indirect Worldpay business support costs		41	14
Adjusted EBITDA	998	945	1,974	1,844
Depreciation and amortization	(262)	(264)	(525)	(535)
Purchase accounting amortization	(168)	(175)	(334)	(351)
Acquisition, integration and other costs	(186)	(113)	(344)	(213)
Asset impairments	(4)	(1)	(18)	(1)
Indirect Worldpay business support costs		(41)	(14)
Interest expense, net	(43)	(160)	(120)	(302)
Other income (expense), net	(13)	(77)	(167)	(113)
(Provision) benefit for income taxes	$ (89)	$ (29)	$ (116)	$ (65)