Fiserv (FI) 10-Q 1 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 24, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Entity Registrant Name	FISERV INC
Entity Central Index Key	798,354
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		404,927,094

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue:
Processing and services	$ 1,207	$ 1,186	$ 2,445	$ 2,364
Product	213	200	415	416
Total revenue	1,420	1,386	2,860	2,780
Expenses:
Cost of processing and services	560	573	1,128	1,143
Cost of product	179	175	370	357
Selling, general and administrative	320	276	625	553
(Gain) loss on sale of businesses	3	(10)	(229)	(10)
Total expenses	1,062	1,014	1,894	2,043
Operating income	358	372	966	737
Interest expense	(45)	(44)	(90)	(86)
Non-operating income	3	2	3	2
Income before income taxes and income from investments in unconsolidated affiliates	316	330	879	653
Income tax provision	(72)	(109)	(212)	(211)
Income from investments in unconsolidated affiliates	7	0	7	26
Net income	$ 251	$ 221	$ 674	$ 468
Net income per share – basic (in dollars per share)	$ 0.61	$ 0.52	$ 1.64	$ 1.10
Net income per share – diluted (in dollars per share)	$ 0.60	$ 0.51	$ 1.61	$ 1.08
Shares used in computing net income per share:
Basic (in shares)	408.4	423.6	410.7	426.3
Diluted (in shares)	416.4	432.5	419	435.5

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income	$ 251	$ 221	$ 674	$ 468
Other comprehensive (loss) income:
Fair market value adjustment on cash flow hedges, net of income tax (benefit) provision of ($2 million), $1 million, ($2 million) and $2 million	(4)	1	(5)	3
Foreign currency translation	(6)	6	(6)	11
Total other comprehensive (loss) income	(10)	8	(12)	17
Comprehensive income	241	229	662	485
Cost of Services
Other comprehensive (loss) income:
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	(1)	0	(3)	0
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	(1)	0	(3)	0
Interest Expense
Other comprehensive (loss) income:
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	1	1	2	3
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	$ 1	$ 1	$ 2	$ 3

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income tax provision on fair market value adjustment on cash flow hedges	$ (2)	$ 1	$ (2)	$ 2
Cost of Services
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges	0	0	(1)	0
Interest Expense
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges	$ 0	$ 1	$ 1	$ 2

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 348	$ 325
Trade accounts receivable, net	932	997
Prepaid expenses and other current assets	524	603
Assets held for sale	0	50
Total current assets	1,804	1,975
Property and equipment, net	374	390
Intangible assets, net	1,833	1,882
Goodwill	5,456	5,590
Contract costs, net	398	84
Other long-term assets	353	368
Total assets	10,218	10,289
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	1,302	1,359
Current maturities of long-term debt	1	3
Contract liabilities	352	576
Total current liabilities	1,655	1,938
Long-term debt	4,805	4,897
Deferred income taxes	692	552
Long-term contract liabilities	71	54
Other long-term liabilities	145	117
Total liabilities	7,368	7,558
Commitments and contingencies
Shareholders’ equity:
Preferred stock, no par value: 25.0 million shares authorized; none issued	0	0
Common stock, $0.01 par value: 1,800.0 million shares authorized; 791.4 million shares issued	8	8
Additional paid-in capital	1,023	1,031
Accumulated other comprehensive loss	(66)	(54)
Retained earnings	11,122	10,240
Treasury stock, at cost, 385.3 million and 376.3 million shares	(9,237)	(8,494)
Total shareholders’ equity	2,850	2,731
Total liabilities and shareholders’ equity	$ 10,218	$ 10,289

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Treasury Stock	New Accounting Pronouncement, Early Adoption, EffectAccumulated Other Comprehensive Loss	New Accounting Pronouncement, Early Adoption, EffectRetained Earnings
Balance at beginning of period at Dec. 31, 2016				$ (76)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 468
Other comprehensive loss	17			17
Balance at end of period at Jun. 30, 2017				(59)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment of ASU adoption | Accounting Standards Update 2014-09					$ 208
Cumulative-effect adjustment of ASU adoption | Accounting Standards Update 2017-12							$ 3	$ (3)
Cumulative-effect adjustment of ASU adoption | Accounting Standards Update 2018-02							$ (3)	$ 3
Balance at beginning of period (in shares) at Dec. 31, 2017		791				376
Balance at beginning of period at Dec. 31, 2017	2,731	$ 8	$ 1,031	(54)	10,240	$ (8,494)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	674				674
Other comprehensive loss	(12)			(12)
Share-based compensation			36
Shares issued under stock plans			(44)			$ 46
Shares issued under stock plans (in shares)						(2)
Purchases of treasury stock (in shares)						11
Purchases of treasury stock						$ (789)
Balance at end of period (in shares) at Jun. 30, 2018		791				385
Balance at end of period at Jun. 30, 2018	$ 2,850	$ 8	$ 1,023	$ (66)	$ 11,122	$ (9,237)

Consolidated Balance Sheets (U7

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,800,000,000	1,800,000,000
Common stock, shares issued	791,400,000	791,400,000
Treasury stock (in shares)	385,300,000	376,300,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income	$ 674	$ 468
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:
Depreciation and other amortization	190	141
Amortization of acquisition-related intangible assets	80	78
Share-based compensation	36	33
Deferred income taxes	80	0
Gain on sale of businesses	(229)	(10)
Income from investments in unconsolidated affiliates	(7)	(26)
Dividends from unconsolidated affiliates	1	31
Non-cash impairment charges	1	10
Other operating activities	0	(1)
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Trade accounts receivable	(11)	59
Prepaid expenses and other assets	(64)	(13)
Contract costs	(76)	(12)
Accounts payable and other liabilities	17	(40)
Contract liabilities	(79)	(27)
Net cash provided by operating activities from continuing operations	613	691
Cash flows from investing activities:
Capital expenditures, including capitalization of software costs	(169)	(136)
Proceeds from sale of businesses	419	19
Payments for acquisition of business, net of cash acquired	0	(78)
Purchases of investments	(2)	0
Other investing activities	(12)	1
Net cash provided by (used in) investing activities from continuing operations	236	(194)
Cash flows from financing activities:
Debt proceeds	1,161	1,173
Debt repayments	(1,257)	(1,005)
Proceeds from issuance of treasury stock	44	47
Purchases of treasury stock, including employee shares withheld for tax obligations	(824)	(713)
Other financing activities	7	0
Net cash used in financing activities from continuing operations	(869)	(498)
Net change in cash and cash equivalents from continuing operations	(20)	(1)
Net change in cash and cash equivalents from discontinued operations	43	0
Cash and cash equivalents, beginning balance	325	300
Cash and cash equivalents, ending balance	348	299
Discontinued operations cash flow information:
Net cash used in operating activities	(7)	0
Net cash provided by investing activities	50	0
Net change in cash and cash equivalents from discontinued operations	$ 43	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements for the three-month and six-month periods ended June 30, 2018 and 2017 are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial statements have been included. Such adjustments consisted of normal recurring items. Interim results are not necessarily indicative of results for a full year. The consolidated financial statements and accompanying notes are presented as permitted by Form 10-Q and do not contain certain information included in the annual consolidated financial statements and accompanying notes of Fiserv, Inc. (the “Company”). These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 . Effective January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers , and its related amendments (collectively known as “ASC 606”) using the modified retrospective transition approach applied to all contracts. Prior period amounts have not been restated; however, certain prior period amounts have been reclassified to conform to current period presentation. Additional information about the Company’s revenue recognition policies and the related impact of the adoption is included in Notes 2 and 3 to the consolidated financial statements. Principles of Consolidation The consolidated financial statements include the accounts of Fiserv, Inc. and all 100% owned subsidiaries. Investments in less than 50% owned affiliates in which the Company has significant influence but not control are accounted for using the equity method of accounting. All intercompany transactions and balances have been eliminated in consolidation. Stock Split On February 21, 2018, the Company’s board of directors declared a two -for-one stock split of the Company’s common stock and a proportionate increase in the number of its authorized shares of common stock. The additional shares were distributed on March 19, 2018 to shareholders of record at the close of business on March 5, 2018. The Company’s common stock began trading at the split-adjusted price on March 20, 2018. All share and per share amounts are retroactively presented on a split-adjusted basis. The impact on the consolidated balance sheets of the stock split was an increase of $4 million to common stock and an offsetting reduction in additional paid-in capital, which has been retroactively restated.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements In February 2018, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”), which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects of the change in the U.S. federal corporate tax rate resulting from The Tax Cuts and Jobs Act (the “Tax Act”) enacted in December 2017. ASU 2018-02 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company early adopted ASU 2018-02 in the first quarter of 2018, and elected to reclassify the Tax Act income tax benefits of $3 million from accumulated other comprehensive loss to retained earnings. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”), which provides guidance designed to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements as well as to simplify the application of the hedge accounting guidance in current U.S. generally accepted accounting principles. For public entities, ASU 2017-12 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted in any interim period or fiscal year. For cash flow and net investment hedges existing at the date of adoption, the standard requires a cumulative-effect adjustment to eliminate the separate measurement of ineffectiveness to accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year of adoption. The amended presentation and disclosure guidance is required only prospectively. The Company early adopted ASU 2017-12 in the first quarter of 2018, and recorded a cumulative-effect adjustment to accumulated other comprehensive loss of $3 million with a corresponding decrease in the opening balance of retained earnings. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”), which eliminates the current prohibition on immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory, with the intent of reducing complexity and diversity in practice. Under ASU 2016-16, entities must recognize the income tax consequences when the transfer occurs rather than deferring recognition. For public entities, ASU 2016-16 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2017. Entities must apply the guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Company adopted ASU 2016-16 in the first quarter of 2018, and the adoption did not have a material impact on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”), which primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements of financial instruments. For public entities, ASU 2016-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Entities must apply the standard, with certain exceptions, using a cumulative-effect adjustment to beginning retained earnings as of the beginning of the fiscal year of adoption. The Company adopted ASU 2016-01 in the first quarter of 2018, and the adoption did not have any impact on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), to clarify the principles of recognizing revenue and to create common revenue recognition guidance between U.S. generally accepted accounting principles and International Financial Reporting Standards. ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific requirements. It also includes guidance on accounting for the incremental costs of obtaining and costs incurred to fulfill a contract with a customer. The core principle of the revenue model is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This model involves a five-step process for achieving that core principle, along with comprehensive disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. For public entities, the new revenue standard is effective for annual and interim periods beginning after December 15, 2017. Entities have the option of adopting this new guidance using either a full retrospective or a modified approach with the cumulative effect of applying the guidance recognized at the date of initial application. The Company adopted the new standard effective January 1, 2018 using the modified retrospective transition approach applied to all contracts, which resulted in a cumulative-effect increase in the opening balance of retained earnings of $208 million , primarily related to the deferral of incremental sales commissions incurred in obtaining contracts in prior periods. Under this transition approach, the Company has not restated the prior period consolidated financial statements presented; however, it has provided additional disclosures related to the amount by which each relevant 2018 financial statement line item was affected by adoption of the new standard and explanations for significant changes (see Note 3 ). Recently Issued Accounting Pronouncements In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”), which simplifies the accounting for share-based payments granted to nonemployees by largely aligning it with the accounting for share-based payments to employees. For public entities, ASU 2018-07 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. Entities must apply the standard, using a modified retrospective transition approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption for all liability-classified nonemployee awards that have not been settled as of the adoption date and equity-classified nonemployee awards for which a measurement date has not been established. The Company plans to adopt ASU 2018-07 on January 1, 2019 and does not expect the adoption to have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”), which prescribes an impairment model for most financial assets based on expected losses rather than incurred losses. Under this model, an estimate of expected credit losses over the contractual life of the instrument is to be recorded as of the end of a reporting period as an allowance to offset the amortized cost basis, resulting in a net presentation of the amount expected to be collected on the financial asset. For public entities, ASU 2016-13 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For most instruments, entities must apply the standard using a cumulative-effect adjustment to beginning retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact that the adoption of ASU 2016-13 will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which requires lessees to recognize a lease liability and a right-of-use asset for each lease with a term longer than twelve months. The recognized liability is measured at the present value of lease payments not yet paid, and the corresponding asset represents the lessee’s right to use the underlying asset over the lease term and is based on the liability, subject to certain adjustments. For income statement purposes, the standard retains the dual model with leases classified as either operating or finance. Operating leases will result in straight-line expense while finance leases will result in a front-loaded expense pattern. The standard prescribes a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. For public entities, ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018, with early adoption permitted. The Company plans to adopt ASU 2016-02 on January 1, 2019. The Company is currently assessing the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements. The Company continues to review the requirements of the new lease standard and is monitoring the activity of the FASB as it relates to any interpretive guidance, proposed amendments or additional practical expedients. The Company has formed a cross-functional project team to review its existing lease arrangements and assess potential impacts of adopting the new lease standard on its consolidated financial statements, related disclosures, accounting policies, process and system changes, and controls. The Company has completed the planning phase of the project, including the selection of a lease accounting software solution to comply with the new standard, and has identified an implementation partner to assist with the adoption.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue Recognition During the Three and Six Months Ended June 30, 2018 The Company adopted ASU 2014-09, Revenue from Contracts with Customers , and its related amendments (collectively known as “ASC 606”) effective January 1, 2018 using the modified retrospective transition approach applied to all contracts. Therefore, the reported results for the three and six months ended June 30, 2018 reflect the application of ASC 606 while the reported results for the three and six months ended June 30, 2017 were not adjusted and continue to be reported under the accounting guidance, ASC 605, Revenue Recognition (“ASC 605”), in effect for the prior period. The cumulative impact of adopting ASC 606 was an increase in the opening balance of retained earnings of $208 million , primarily related to the deferral of incremental sales commissions incurred in obtaining contracts in prior periods. Significant Accounting Policy ASC 606 outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers. The core principle, involving a five-step process, of the revenue model is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company generates revenue from the delivery of processing, service and product solutions. Revenue is measured based on consideration specified in a contract with a customer, and excludes any amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer which may be at a point in time or over time. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling activities associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment activity and recognized as revenue at the point in time at which control of the goods transfers to the customer. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less. Nature of Goods and Services The Company’s operations are comprised of the Payments and Industry Products (“Payments”) segment and the Financial Institution Services (“Financial”) segment. Additional information regarding the Company’s business segments is included in Note 15 . The following is a description of principal activities from which the Company generates its revenue. Contracts with customers are evaluated on a contract-by-contract basis as contracts may include multiple types of goods and services as described below. Processing and Services Processing and services revenue is generated from account- and transaction-based fees for data processing, transaction processing, electronic billing and payment services, electronic funds transfer and debit processing services; consulting and professional services; and software maintenance for ongoing client support. The Company recognizes processing and services revenues in the period in which the specific service is performed unless they are not deemed distinct from other goods or services in which revenue would then be recognized as control is transferred of the combined goods and services. The Company’s arrangements for processing and services typically consist of an obligation to provide specific services to its customers on a when and if needed basis (a stand-ready obligation) and revenue is recognized from the satisfaction of the performance obligations in the amount billable to the customer. These services are typically provided under a fixed or declining (tier-based) price per unit based on volume of service, however, may also be based on minimum monthly usage fees. Fees for the Company’s processing and services arrangements are typically billed and paid on a monthly basis. Product Product revenue is generated from integrated print and card production sales, as well as software license sales. For software license agreements that are distinct, the Company recognizes software license revenue upon delivery, assuming a contract is deemed to exist. Revenue for arrangements with customers that include significant customization, modification or production of software such that the software is not distinct is typically recognized over time based upon efforts expended, such as labor hours, to measure progress towards completion. For arrangements involving hosted licensed software for the customer, a software element is considered present to the extent the customer has the contractual right to take possession of the software at any time during the hosting period without significant penalty and it is feasible for the customer to either operate the software on their own hardware or contract with another vendor to host the software. Significant Judgments in Application of the Guidance The Company uses the following methods, inputs, and assumptions in determining amounts of revenue to recognize: Identification of Performance Obligations For multi-element arrangements, the Company accounts for individual goods or services as a separate performance obligation if they are distinct, the good or service is separately identifiable from other items in the arrangement, and if a customer can benefit from it on its own or with other resources that are readily available to the customer. If these criteria are not met, the promised goods or services are accounted for as a combined performance obligation. Technology or service components from third parties are frequently embedded in or combined with the Company’s applications or service offerings. Whether the Company recognizes revenue based on the gross amount billed to a customer or the net amount retained involves judgment that depends on the relevant facts and circumstances including the level of contractual responsibilities and obligations for delivering solutions to end customers. Determination of Transaction Price The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring products or services to the customer. The Company includes any fixed charges within its contracts as part of the total transaction price. To the extent that variable consideration is not constrained, the Company includes an estimate of the variable amount, as appropriate, within the total transaction price and updates its assumptions over the duration of the contract. Assessment of Estimates of Variable Consideration Many of the Company’s contracts with customers contain some component of variable consideration; however, the constraint will generally not result in a reduction in the estimated transaction price for most forms of variable consideration. The Company may constrain the estimated transaction price in the event of a high degree of uncertainty as to the final consideration amount owed because of an extended length of time over which the fees may be adjusted. Allocation of Transaction Price The transaction price (including any discounts) is allocated between separate goods and services in a multi-element arrangement based on their relative standalone selling prices. The standalone selling prices are determined based on the prices at which the Company separately sells each good or service. For items that are not sold separately, the Company estimates the standalone selling prices using available information such as market conditions and internally approved pricing guidelines. In instances where there are observable selling prices for professional services and support and maintenance, the Company may apply the residual approach to estimate the standalone selling price of software licenses. In certain situations, primarily processing and services revenue described above, the Company allocates variable consideration to a distinct good(s) or service(s) within a contract. The Company allocates variable payments to one or more, but not all, of the distinct goods or services in a contract when (i) the variable payment relates specifically to the Company’s efforts to transfer the distinct good or service and (ii) the variable payment is for an amount that depicts the amount of consideration to which the Company expects to be entitled in exchange for transferring the promised goods or services to its customer. Revenue Recognition During the Three and Six Months Ended June 30, 2017 The Company generates revenue from the delivery of processing, service and product solutions. Revenue is recognized when written contracts are signed, delivery has occurred, the fees are fixed or determinable, and collectability is reasonably assured. Processing and services revenue is recognized as services are provided and is primarily derived from contracts that generate account- and transaction-based fees for data processing, transaction processing, electronic billing and payment services, electronic funds transfer and debit processing services. In addition, processing and services revenue is derived from the fulfillment of professional services, including consulting activities. Certain of the Company’s revenue is generated from multiple element arrangements involving various combinations of product and service deliverables. The deliverables within these arrangements are evaluated at contract inception to determine whether they represent separate units of accounting, and if so, contract consideration is allocated to each deliverable based on relative selling price. The relative selling price is determined using vendor specific objective evidence of fair value, third-party evidence or best estimate of selling price. Revenue is then recognized in accordance with the appropriate revenue recognition guidance applicable to the respective elements. Also included in processing and services revenue is software maintenance fee revenue for ongoing client support, which is recognized ratably over the term of the applicable support period, generally 12 months. Contract liabilities consist primarily of advance cash receipts for services (deferred revenue) and are recognized as revenue when the services are provided. Product revenue is primarily derived from integrated print and card production sales, as well as software license sales which represented less than 4% of consolidated revenue. For software license agreements that do not require significant customization or modification, the Company recognizes software license revenue upon delivery, assuming persuasive evidence of an arrangement exists, the license fee is fixed or determinable, and collection is reasonably assured. Arrangements with customers that include significant customization, modification or production of software are accounted for under contract accounting, with revenue recognized using the percentage-of-completion method based upon efforts expended, such as labor hours, to measure progress towards completion. Changes in estimates for revenues, costs and profits are recognized in the period in which they are determinable and were not material for any period presented. The Company includes reimbursements from clients, such as postage and telecommunication costs, in processing and services revenue and product revenue, while the related costs are included in cost of processing and services and cost of product. Disaggregation of Revenue The tables below present the Company’s revenue disaggregated by major business, including a reconciliation with its reportable segments. Most of the Company’s revenue is earned domestically within these major businesses, with revenue from clients outside the United States comprising approximately 5% of total revenue. (In millions) Reportable Segments Three Months Ended June 30, 2018 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 356 $ — $ — $ 356 Card and Related Services 400 — — 400 Other 81 — — 81 Total Payments 837 — — 837 Account and Item Processing — 530 — 530 Other — 60 — 60 Total Financial — 590 — 590 Corporate and Other — — (7 ) (7 ) Total Revenue $ 837 $ 590 $ (7 ) $ 1,420 (In millions) Reportable Segments Six Months Ended June 30, 2018 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 708 $ — $ — $ 708 Card and Related Services 814 — — 814 Other 157 — — 157 Total Payments 1,679 — — 1,679 Account and Item Processing — 1,036 — 1,036 Lending Solutions — 56 — 56 Other — 114 — 114 Total Financial — 1,206 — 1,206 Corporate and Other — — (25 ) (25 ) Total Revenue $ 1,679 $ 1,206 $ (25 ) $ 2,860 Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers. (In millions) June 30, 2018 January 1, 2018 Contract assets $ 163 $ 158 Contract liabilities 423 520 Contract assets, reported within other long-term assets in the consolidated balance sheet, primarily result from revenue being recognized where payment is contingent upon the transfer of services to a customer over the contractual period. Contract liabilities primarily relate to advance consideration received from customers (deferred revenue) for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. During the six months ended June 30, 2018 , contract liabilities decreased primarily due to the recognition of deferred maintenance revenue. The higher contract liability balance at January 1, 2018 was primarily attributable to an increased level of annual maintenance billings in the fourth quarter of 2017 as compared to the first six months of 2018. The Company recognized $307 million of revenue during the six months ended June 30, 2018 that was included in the contract liability balance at the beginning of the period, which exceeded advance cash receipts for services yet to be provided. Transaction Price Allocated to Remaining Performance Obligations The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period. (In millions) Remainder of: June 30, 2018 2018 2019 2020 2021 Thereafter Processing and services $ 508 $ 897 $ 678 $ 526 $ 748 Product 19 33 25 15 17 The Company applies the optional exemption in paragraph 606-10-50-14(b) and does not disclose information about remaining performance obligations for account- and transaction-based processing fees that qualify for recognition in accordance with paragraph 606-10-55-18. These contracts generally have terms of three to five years, and contain variable consideration for stand-ready performance obligations for which the exact quantity and mix of transactions to be processed are contingent upon the customer’s request. The Company also applies the optional exemptions in paragraph 606-10-50-14A and does not disclose information for variable consideration, including additional seat licenses, that is a sales-based or usage-based royalty promised in exchange for a license of intellectual property or that is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service in a series. The amounts disclosed above as remaining performance obligations consist primarily of fixed or monthly minimum processing fees and maintenance fees under contracts with an original expected duration of greater than one year. Contract Costs The Company incurs incremental costs to obtain a contract as well as costs to fulfill contracts with customers that are expected to be recovered. These costs consist primarily of sales commissions incurred only if a contract is obtained, and customer conversion or implementation related costs. Capitalized sales commissions and conversion or implementation costs totaled $304 million and $94 million , respectively, at June 30, 2018 . Capitalized contract costs are amortized based on the transfer of goods or services to which the asset relates. The amortization period also considers expected customer lives and whether the asset relates to goods or services transferred under a specific anticipated contract. These costs are primarily included in selling, general and administrative expenses and totaled $26 million and $50 million during the three and six months ended June 30, 2018 , respectively. There was no impairment loss recognized during the three and six months ended June 30, 2018 related to capitalized contract costs. Change in Accounting Policy Except for the changes below, the Company has consistently applied the accounting policies to all periods presented in its consolidated financial statements. The details of the significant changes and quantitative impact of the changes are disclosed below. Sales Commissions The Company previously recognized sales commission fees related to contracts with customers as selling expenses when incurred. Under ASC 606, the Company capitalizes incremental sales commission fees as costs of obtaining a contract and, if expected to be recovered, amortizes such costs using a portfolio approach consistent with the pattern of transfer of the good or service to which the asset relates. Termination Fees The Company previously recognized customer contract termination fees at a point in time upon deconversion or receipt of a non-refundable cash payment. Under ASC 606, a contract termination is considered a contract modification and therefore the Company recognizes contract termination fees under the new standard over the remaining modified contract term. Contract Assets and Liabilities The Company previously presented customer incentives and deferred revenue on a gross basis within its consolidated balance sheet. Under ASC 606, the Company reports net contract asset or liability positions on a contract-by-contract basis at the end of each reporting period. Impacts on Financial Statements The following tables summarize the impacts of ASC 606 adoption on the Company’s consolidated financial statements as of and for the three and six months ended June 30, 2018 . Consolidated Statements of Income (In millions, unaudited) Impact of changes in accounting policies Three Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Revenue: Processing and services $ 1,207 $ (7 ) $ 1,200 Product 213 (20 ) 193 Total revenue 1,420 (27 ) 1,393 Expenses: Cost of processing and services 560 1 561 Cost of product 179 2 181 Selling, general and administrative 320 (3 ) 317 Loss on sale of business 3 — 3 Total expenses 1,062 — 1,062 Operating income 358 (27 ) 331 Interest expense (45 ) — (45 ) Non-operating income 3 — 3 Income before income taxes and income from investments in unconsolidated affiliates 316 (27 ) 289 Income tax provision (72 ) 4 (68 ) Income from investments in unconsolidated affiliates 7 — 7 Net income $ 251 $ (23 ) $ 228 Net income per share – basic $ 0.61 $ (0.05 ) $ 0.56 Net income per share – diluted $ 0.60 $ (0.05 ) $ 0.55 Shares used in computing net income per share: Basic 408.4 — 408.4 Diluted 416.4 — 416.4 (In millions, unaudited) Impact of changes in accounting policies Six Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Revenue: Processing and services $ 2,445 $ (29 ) $ 2,416 Product 415 (23 ) 392 Total revenue 2,860 (52 ) 2,808 Expenses: Cost of processing and services 1,128 2 1,130 Cost of product 370 — 370 Selling, general and administrative 625 (1 ) 624 Gain on sale of business (229 ) (3 ) (232 ) Total expenses 1,894 (2 ) 1,892 Operating income 966 (50 ) 916 Interest expense (90 ) — (90 ) Non-operating income 3 — 3 Income before income taxes and income from investments in unconsolidated affiliates 879 (50 ) 829 Income tax provision (212 ) 11 (201 ) Income from investments in unconsolidated affiliates 7 — 7 Net income $ 674 $ (39 ) $ 635 Net income per share – basic $ 1.64 $ (0.09 ) $ 1.55 Net income per share – diluted $ 1.61 $ (0.09 ) $ 1.52 Shares used in computing net income per share: Basic 410.7 — 410.7 Diluted 419.0 — 419.0 Consolidated Statements of Comprehensive Income (In millions, unaudited) Impact of changes in accounting policies Three Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Net income $ 251 $ (23 ) $ 228 Other comprehensive (loss) income: Fair market value adjustment on cash flow hedges, net of income tax benefit of $2 million (4 ) — (4 ) Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 (1 ) — (1 ) Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0 1 — 1 Foreign currency translation (6 ) — (6 ) Total other comprehensive loss (10 ) — (10 ) Comprehensive income $ 241 $ (23 ) $ 218 (In millions, unaudited) Impact of changes in accounting policies Six Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Net income $ 674 $ (39 ) $ 635 Other comprehensive (loss) income: Fair market value adjustment on cash flow hedges, net of income tax benefit of $2 million (5 ) — (5 ) Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $1 million (3 ) — (3 ) Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $1 million 2 — 2 Foreign currency translation (6 ) — (6 ) Total other comprehensive loss (12 ) — (12 ) Comprehensive income $ 662 $ (39 ) $ 623 Consolidated Balance Sheet (In millions, unaudited) Impact of changes in accounting policies June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Assets Cash and cash equivalents $ 348 $ — $ 348 Trade accounts receivable, net 932 (9 ) 923 Prepaid expenses and other current assets 524 17 541 Total current assets 1,804 8 1,812 Property and equipment, net 374 — 374 Intangible assets, net 1,833 — 1,833 Goodwill 5,456 — 5,456 Contract costs, net 398 (319 ) 79 Other long-term assets 353 94 447 Total assets $ 10,218 $ (217 ) $ 10,001 Liabilities and Shareholders’ Equity Accounts payable and accrued expenses $ 1,302 $ (17 ) $ 1,285 Current maturities of long-term debt 1 — 1 Contract liabilities 352 98 450 Total current liabilities 1,655 81 1,736 Long-term debt 4,805 — 4,805 Deferred income taxes 692 (72 ) 620 Long-term contract liabilities 71 20 91 Other long-term liabilities 145 — 145 Total liabilities 7,368 29 7,397 Total shareholders’ equity 2,850 (246 ) 2,604 Total liabilities and shareholders’ equity $ 10,218 $ (217 ) $ 10,001 Consolidated Statement of Cash Flows (In millions, unaudited) Impact of changes in accounting policies Six Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Cash flows from operating activities Net income $ 674 $ (39 ) $ 635 Adjustments to reconcile net income to net cash provided by operating activities from continuing operations: Depreciation and other amortization 190 (36 ) 154 Amortization of acquisition-related intangible assets 80 — 80 Share-based compensation 36 — 36 Deferred income taxes 80 (11 ) 69 Gain on sale of business (229 ) (3 ) (232 ) Income from investments in unconsolidated affiliates (7 ) — (7 ) Dividends from unconsolidated affiliates 1 — 1 Non-cash impairment charges 1 — 1 Changes in assets and liabilities, net of effects from acquisitions and dispositions: Trade accounts receivable (11 ) 29 18 Prepaid expenses and other assets (64 ) (1 ) (65 ) Contract costs (76 ) 41 (35 ) Accounts payable and other liabilities 17 (3 ) 14 Contract liabilities (79 ) 23 (56 ) Net cash provided by operating activities from continuing operations 613 — 613 Cash flows from investing activities: Capital expenditures, including capitalization of software costs (169 ) — (169 ) Proceeds from sale of businesses 419 — 419 Purchases of investments (2 ) — (2 ) Other investing activities (12 ) — (12 ) Net cash provided by investing activities from continuing operations 236 — 236 Cash flows from financing activities: Debt proceeds 1,161 — 1,161 Debt repayments (1,257 ) — (1,257 ) Proceeds from issuance of treasury stock 44 — 44 Purchases of treasury stock, including employee shares withheld for tax obligations (824 ) — (824 ) Other financing activities 7 — 7 Net cash used in financing activities from continuing operations (869 ) — (869 ) Net change in cash and cash equivalents from continuing operations (20 ) — (20 ) Net change in cash and cash equivalents from discontinued operations 43 — 43 Cash and cash equivalents, beginning balance 325 — 325 Cash and cash equivalents, ending balance $ 348 $ — $ 348 Discontinued operations cash flow information: Net cash used in operating activities $ (7 ) $ — $ (7 ) Net cash provided by investing activities 50 — 50 Net change in cash and cash equivalents from discontinued operations $ 43 $ — $ 43

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions Acquisitions On January 17, 2017, the Company completed its acquisition of Online Banking Solutions, Inc. (“OBS”), a provider of cash management and digital business banking solutions that complement and enrich the Company’s existing solutions. On July 31, 2017, the Company acquired the assets of PCLender, LLC (“PCLender”), a leader in internet-based mortgage software and mortgage lending technology solutions. The OBS and PCLender acquisitions are included in the Financial segment as their products are integrated across a number of the Company’s account processing solutions and will enable the Company’s bank and credit union clients to better serve their commercial and mortgage customers. On August 18, 2017, the Company acquired Dovetail Group Limited (“Dovetail”), a leading provider of bank payments and liquidity management solutions. On September 1, 2017, the Company completed its acquisition of Monitise plc (“Monitise”), a provider of digital solutions that enables innovative digital banking experiences for leading financial institutions worldwide. The Dovetail and Monitise acquisitions are included in the Payments segment and will further enable the Company to help financial institutions around the world transform their payments infrastructure and to expand its digital leadership, respectively. The Company acquired these four businesses for an aggregate purchase price of $384 million , net of $33 million of acquired cash, along with earn-out provisions estimated at a fair value of $15 million . The purchase price allocations for these acquisitions resulted in acquired software and technology and customer related intangible assets totaling $163 million and goodwill of $217 million . The other net assets of $19 million included $50 million of assets held for sale and approximately $20 million of deferred tax liabilities. The purchase price allocations were finalized for the OBS and PCLender acquisitions in 2017 and for the Dovetail and Monitise acquisitions in the first quarter of 2018, and did not materially change from the preliminary allocations. The goodwill from these acquisitions is primarily attributed to synergies and the anticipated value created by selling the products and services that these businesses provide into the Company’s existing client base. Approximately $70 million of the goodwill is expected to be deductible for tax purposes. The results of operations for these acquired businesses have been included in the accompanying consolidated statements of income from the dates of acquisition. This includes revenue of $21 million and $2 million in the three months ended June 30, 2018 and 2017 , respectively, and $42 million and $4 million in the six months ended June 30, 2018 and 2017 , respectively, and impacts to operating income in each period of less than $5 million excluding acquired intangible asset amortization. Pro forma information for the Company’s acquisitions is not provided because they did not have a material effect on the Company’s consolidated results of operations. Disposition On May 11, 2017, the Company sold its Australian item processing business, which was reported within the Financial segment, for approximately $17 million , consisting of $19 million in cash received at closing less a closing adjustment of $2 million finalized in the fourth quarter of 2017. The Company recognized a gain on the sale of $10 million , with the related tax expense of $5 million recorded through the income tax provision, in the consolidated statements of income for the three and six months ended June 30, 2017.

Discontinued Operations Acquisi

Discontinued Operations Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Acquisitions and Dispositions	Discontinued Operations On January 10, 2018, the Company completed the sale of the retail voucher business, MyVoucherCodes, acquired as part of its acquisition of Monitise in September 2017 for proceeds of £37 million ( $50 million ). The corresponding assets of $50 million , consisting primarily of goodwill, are presented as held for sale in the Company’s consolidated balance sheet at December 31, 2017, and the corresponding proceeds received during the six months ended June 30, 2018 are presented within discontinued operations since the business was never considered part of the Company’s ongoing operations. There was no impact to operating income or gain/loss recognized on the sale in the six months ended June 30, 2018 . Cash flows from discontinued operations in 2018 also included tax payments of $7 million related to income recognized in 2017 from a prior disposition.

Investments in Unconsolidated A

Investments in Unconsolidated Affiliates	6 Months Ended
	Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Affiliates	Investments in Unconsolidated Affiliates Lending Joint Ventures On March 29, 2018, the Company completed the sale of a 55% controlling interest of each of Fiserv Automotive Solutions, LLC and Fiserv LS LLC, which were subsidiaries of the Company that owned its Lending Solutions business (collectively, the “Lending Joint Ventures”), to funds affiliated with Warburg Pincus LLC. The Lending Joint Ventures, which were reported within the Financial segment, included all of the Company’s automotive loan origination and servicing products, as well as its LoanServ TM mortgage and consumer loan servicing platform. The Company received gross sale proceeds of $419 million from the transactions. The Company recognized a pre-tax gain on the sale of $229 million , with the related tax expense of $77 million recorded through the income tax provision, in the consolidated statements of income. The pre-tax gain includes $124 million related to the remeasurement of the Company’s 45% retained interests based upon the estimated enterprise value of the Lending Joint Ventures. Contingent consideration of up to $20 million under defined special distribution provisions within the transaction agreements is being accounted for by the Company as a gain contingency and will therefore be recognized in future periods to the extent the contingency is resolved and thereby realized. The Company’s remaining 45% ownership interests in the Lending Joint Ventures are accounted for as equity method investments, with the Company’s share of net income reported as income from investments in unconsolidated affiliates and the related tax expense reported within the income tax provision in the consolidated statements of income. The Company’s investment in the Lending Joint Ventures was $64 million at June 30, 2018 and is reported within other long-term assets in the consolidated balance sheet. The revenues and expenses of the Lending Joint Ventures after the sale transactions are not included in the Company’s consolidated statements of income. The Company’s consolidated financial statements for all periods prior to the sale transactions include the revenues, expenses and cash flows of the Lending Joint Ventures. Prior to the sale transactions described above, the Lending Joint Ventures entered into variable-rate term loan facilities for an aggregate amount of $350 million in senior unsecured debt and variable-rate revolving credit facilities for an aggregate amount of $35 million with a syndicate of banks, which transferred to the Lending Joint Ventures as part of the sale. The Company has guaranteed this debt of the Lending Joint Ventures and does not anticipate that the Lending Joint Ventures will fail to fulfill their debt obligations. These debt facilities mature in March 2023, and there are no outstanding borrowings on the revolving credit facilities as of June 30, 2018 . The Company recorded an initial $34 million liability as a reduction to the gain on sale transactions for the estimated fair value of its obligations to stand ready to perform over the term of the guarantees, which is reported primarily within other long-term liabilities in the consolidated balance sheet. Such guarantees will be amortized in future periods over the contractual term. During the three months ended June 30, 2018 , the Company recognized $2 million within non-operating income in its consolidated statements of income related to its release from risk under the guarantees. The Company has not made any payments under the guarantees, nor has it been called upon to do so. In conjunction with the sale transactions described above, the Company also entered into certain transition services agreements to provide, at fair value, various administration, business process outsourcing, technical and data center related services for defined periods to the Lending Joint Ventures. Amounts transacted through these agreements approximated $10 million during the three months ended June 30, 2018 and were primarily recognized as processing and services revenue in the consolidated statements of income. StoneRiver Group, L.P. The Company owns a 49% interest in StoneRiver Group, L.P. (“StoneRiver”), which is accounted for as an equity method investment. The Company reports its share of StoneRiver’s net income as income from investment in unconsolidated affiliate, with the related tax expense reported within the income tax provision, in the consolidated statements of income. During the three months ended March 31, 2017, StoneRiver recognized a gain on the sale of a business. The Company’s pre-tax share of the gain was $26 million , with related tax expense of $9 million . During the three months ended March 31, 2017, the Company received a cash dividend of $31 million from StoneRiver, which was funded from the sale transaction and recorded as a reduction in the Company’s investment in StoneRiver. The entire dividend represented a return on the Company’s investment and is reported in cash flows from operating activities.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The Company recognized $17 million and $36 million of share-based compensation expense during the three and six months ended June 30, 2018 , respectively, and $17 million and $33 million of share-based compensation expense during the three and six months ended June 30, 2017 , respectively. The Company’s annual grant of share-based awards generally occurs in the first quarter. During both the six months ended June 30, 2018 and 2017 , stock options to purchase 1.9 million shares were exercised. A summary of stock option, restricted stock unit and performance share unit grant activity is as follows: Six Months Ended 2018 2017 Shares Granted Weighted-Average Grant Date Fair Value Shares Granted Weighted-Average Grant Date Fair Value Stock options 1,265 $ 22.43 1,335 $ 18.64 Restricted stock units 501 70.14 546 57.03 Performance share units 165 75.39 110 56.91

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax provision as a percentage of income before income from investments in unconsolidated affiliates was 23.0% and 32.8% in the three months ended June 30, 2018 and 2017 , respectively, and was 24.2% and 32.2% in the six months ended June 30, 2018 and 2017 , respectively. The lower rates in 2018 were primarily attributable to the enactment of the Tax Act, which reduced the U.S federal corporate tax rate from 35 percent to 21 percent beginning in 2018, and is further described below. The rates include $77 million of income tax expense associated with the $229 million gain on the sale of a 55% interest of the Company’s Lending Solutions business in the first quarter of 2018 and $9 million of income tax expense associated with the Company’s share of the gain on the sale of a business at StoneRiver in the first quarter of 2017. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as The Tax Cuts and Jobs Act. The Tax Act makes broad changes to the U.S. tax code, including, but not limited to, (1) reducing the U.S. federal corporate tax rate from 35 percent to 21 percent beginning in 2018; (2) requiring companies to pay a one-time transition tax on certain un-repatriated earnings of foreign subsidiaries; (3) generally eliminating U.S. federal income taxes on dividends from foreign subsidiaries; (4) requiring U.S. federal taxable income to include certain earnings of controlled foreign corporations; and (5) creating a new limitation on deductible interest expense. During the six months ended June 30, 2018 , there have been no changes to the provisional adjustments recorded in 2017 as a result of the Tax Act. The Company’s accounting for certain elements of the Tax Act continues to be evaluated; however, any associated impacts are not expected to be material.

Shares Used in Computing Net In

Shares Used in Computing Net Income Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Shares Used in Computing Net Income Per Share	Shares Used in Computing Net Income Per Share The computation of shares used in calculating basic and diluted net income per common share is as follows: Three Months Ended Six Months Ended (In millions) 2018 2017 2018 2017 Weighted-average common shares outstanding used for the calculation of net income per share – basic 408.4 423.6 410.7 426.3 Common stock equivalents 8.0 8.9 8.3 9.2 Weighted-average common shares outstanding used for the calculation of net income per share – diluted 416.4 432.5 419.0 435.5 For the three months ended June 30, 2018 and 2017 , stock options for 1.3 million and 1.7 million shares, respectively, were excluded from the calculation of diluted weighted-average outstanding shares because their impact was anti-dilutive. For the six months ended June 30, 2018 and 2017 , stock options for 1.0 million and 1.4 million shares, respectively, were excluded from the calculation of diluted weighted-average outstanding shares because their impact was anti-dilutive.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company applies fair value accounting for all assets and liabilities that are recognized or disclosed at fair value in its consolidated financial statements on a recurring basis. Fair value represents the amount that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability. The fair values of cash equivalents, trade accounts receivable, settlement assets and obligations, accounts payable, and client deposits approximate their respective carrying values due to the short period of time to maturity. The estimated fair value of total debt was $4.8 billion at June 30, 2018 and $5.0 billion at December 31, 2017 . The Company’s contingent consideration liability arising from the OBS acquisition had an estimated fair value of $15 million at both June 30, 2018 and at December 31, 2017 , which was based on the present value of a probability-weighted assessment approach derived from the likelihood of achieving the various earn-out criteria (level 3 of the fair value hierarchy). This estimated fair value has not changed since the acquisition date. The aggregate fair values of the Company’s debt guarantee arrangements with the Lending Joint Ventures approximate the $32 million carrying values at June 30, 2018 . The contingent consideration and debt guarantee liabilities are reported primarily in other long-term liabilities in the consolidated balance sheets.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets consisted of the following: (In millions) Gross Carrying Amount Accumulated Amortization Net Book Value June 30, 2018 Customer related intangible assets $ 2,293 $ 1,229 $ 1,064 Acquired software and technology 578 475 103 Trade names 117 68 49 Capitalized software development costs 761 292 469 Purchased software 261 113 148 Total $ 4,010 $ 2,177 $ 1,833 (In millions) Gross Carrying Amount Accumulated Amortization Net Book Value December 31, 2017 Customer related intangible assets $ 2,293 $ 1,168 $ 1,125 Acquired software and technology 579 460 119 Trade names 117 64 53 Capitalized software development costs 737 282 455 Purchased software 241 111 130 Total $ 3,967 $ 2,085 $ 1,882 The Company estimates that annual amortization expense with respect to acquired intangible assets recorded at June 30, 2018 , which include customer related intangible assets, acquired software and technology, and trade names, will be approximately $160 million in each of 2018 and 2019 , $130 million in each of 2020 and 2021 , and $120 million in 2022 . Amortization expense with respect to capitalized and purchased software recorded at June 30, 2018 is estimated to approximate $170 million in 2018 .

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consisted of the following: (In millions) June 30, December 31, Trade accounts payable $ 95 $ 80 Client deposits 521 481 Settlement obligations 302 379 Accrued compensation and benefits 142 198 Other accrued expenses 242 221 Total $ 1,302 $ 1,359

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component, net of income taxes, consisted of the following: (In millions) Cash Flow Hedges Foreign Currency Translation Other Total Balance at December 31, 2017 $ (14 ) $ (38 ) $ (2 ) $ (54 ) Other comprehensive loss before reclassifications (5 ) (6 ) — (11 ) Amounts reclassified from accumulated other comprehensive loss (1 ) — — (1 ) Net current-period other comprehensive loss (6 ) (6 ) — (12 ) Cumulative-effect adjustment of ASU 2017-12 adoption from retained earnings 3 — — 3 Cumulative-effect adjustment of ASU 2018-02 adoption to retained earnings (3 ) — — (3 ) Balance at June 30, 2018 $ (20 ) $ (44 ) $ (2 ) $ (66 ) (In millions) Cash Flow Hedges Foreign Currency Translation Other Total Balance at December 31, 2016 $ (24 ) $ (50 ) $ (2 ) $ (76 ) Other comprehensive income before reclassifications 3 11 — 14 Amounts reclassified from accumulated other comprehensive loss 3 — — 3 Net current-period other comprehensive income 6 11 — 17 Balance at June 30, 2017 $ (18 ) $ (39 ) $ (2 ) $ (59 ) Based on the amounts recorded in accumulated other comprehensive loss at June 30, 2018 , the Company estimates that it will recognize approximately $6 million in interest expense during the next twelve months related to settled interest rate hedge contracts. Derivatives are recorded in the consolidated balance sheets as either an asset or liability measured at fair value. For a derivative designated as a cash flow hedge, changes in the fair value of the derivative are recorded as a component of accumulated other comprehensive loss with an offsetting adjustment to the basis of the item being hedged. Changes in fair value are then recognized in the consolidated statements of income when the hedged item affects earnings, reported within the same line as the hedged item. The Company’s policy is to enter into derivatives with creditworthy institutions and not to enter into such derivatives for speculative purposes. The Company has entered into foreign currency forward exchange contracts, which have been designated as cash flow hedges, to hedge foreign currency exposure to the Indian Rupee. As of June 30, 2018 , the notional amount of these derivatives was $162 million , and the fair value totaling $3 million is reported in accounts payable and accrued expenses in the consolidated balance sheet. As of December 31, 2017 , the notional amount of these derivatives was $150 million , and the fair value totaling $8 million is reported in prepaid expenses and other current assets in the consolidated balance sheet. Based on the amounts recorded in accumulated other comprehensive loss at June 30, 2018 , the Company estimates that it will recognize losses of approximately $2 million in cost of processing and services during the next twelve months as foreign currency forward exchange contracts settle.

Cash Flow Information

Cash Flow Information	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information	Cash Flow Information Supplemental cash flow information consisted of the following: Six Months Ended (In millions) 2018 2017 Interest paid $ 84 $ 77 Income taxes paid 121 206 Treasury stock purchases settled after the balance sheet date 12 13

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company’s operations are comprised of the Payments segment and the Financial segment. The Payments segment primarily provides electronic bill payment and presentment services, internet and mobile banking software and services, account-to-account transfers, person-to-person payment services, debit and credit card processing and services, payments infrastructure services, and other electronic payments software and services. The businesses in this segment also provide card and print personalization services, investment account processing services for separately managed accounts, and fraud and risk management products and services. The Financial segment provides financial institutions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions. Corporate and Other primarily consists of intercompany eliminations, amortization of acquisition-related intangible assets, unallocated corporate expenses and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services. (In millions) Payments Financial Corporate and Other Total Three Months Ended June 30, 2018 Processing and services revenue $ 665 $ 529 $ 13 $ 1,207 Product revenue 172 61 (20 ) 213 Total revenue $ 837 $ 590 $ (7 ) $ 1,420 Operating income $ 269 $ 201 $ (112 ) $ 358 Three Months Ended June 30, 2017 Processing and services revenue $ 602 $ 582 $ 2 $ 1,186 Product revenue 177 41 (18 ) 200 Total revenue $ 779 $ 623 $ (16 ) $ 1,386 Operating income $ 238 $ 214 $ (80 ) $ 372 Six Months Ended June 30, 2018 Processing and services revenue $ 1,318 $ 1,111 $ 16 $ 2,445 Product revenue 361 95 (41 ) 415 Total revenue $ 1,679 $ 1,206 $ (25 ) $ 2,860 Operating income $ 540 $ 403 $ 23 $ 966 Six Months Ended June 30, 2017 Processing and services revenue $ 1,197 $ 1,162 $ 5 $ 2,364 Product revenue 376 81 (41 ) 416 Total revenue $ 1,573 $ 1,243 $ (36 ) $ 2,780 Operating income $ 497 $ 410 $ (170 ) $ 737 Goodwill in the Payments segment was $3.8 billion as of both June 30, 2018 and December 31, 2017 . Goodwill in the Financial segment was $1.7 billion and $1.8 billion as of June 30, 2018 and December 31, 2017 , respectively.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Principles of Consolidation, Policy	Principles of Consolidation The consolidated financial statements include the accounts of Fiserv, Inc. and all 100% owned subsidiaries. Investments in less than 50% owned affiliates in which the Company has significant influence but not control are accounted for using the equity method of accounting. All intercompany transactions and balances have been eliminated in consolidation.
Recently Adopted And Issued Accounting Pronouncements, Policy	Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements In February 2018, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”), which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects of the change in the U.S. federal corporate tax rate resulting from The Tax Cuts and Jobs Act (the “Tax Act”) enacted in December 2017. ASU 2018-02 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company early adopted ASU 2018-02 in the first quarter of 2018, and elected to reclassify the Tax Act income tax benefits of $3 million from accumulated other comprehensive loss to retained earnings. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”), which provides guidance designed to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements as well as to simplify the application of the hedge accounting guidance in current U.S. generally accepted accounting principles. For public entities, ASU 2017-12 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted in any interim period or fiscal year. For cash flow and net investment hedges existing at the date of adoption, the standard requires a cumulative-effect adjustment to eliminate the separate measurement of ineffectiveness to accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year of adoption. The amended presentation and disclosure guidance is required only prospectively. The Company early adopted ASU 2017-12 in the first quarter of 2018, and recorded a cumulative-effect adjustment to accumulated other comprehensive loss of $3 million with a corresponding decrease in the opening balance of retained earnings. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”), which eliminates the current prohibition on immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory, with the intent of reducing complexity and diversity in practice. Under ASU 2016-16, entities must recognize the income tax consequences when the transfer occurs rather than deferring recognition. For public entities, ASU 2016-16 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2017. Entities must apply the guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Company adopted ASU 2016-16 in the first quarter of 2018, and the adoption did not have a material impact on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”), which primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements of financial instruments. For public entities, ASU 2016-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Entities must apply the standard, with certain exceptions, using a cumulative-effect adjustment to beginning retained earnings as of the beginning of the fiscal year of adoption. The Company adopted ASU 2016-01 in the first quarter of 2018, and the adoption did not have any impact on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), to clarify the principles of recognizing revenue and to create common revenue recognition guidance between U.S. generally accepted accounting principles and International Financial Reporting Standards. ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific requirements. It also includes guidance on accounting for the incremental costs of obtaining and costs incurred to fulfill a contract with a customer. The core principle of the revenue model is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This model involves a five-step process for achieving that core principle, along with comprehensive disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. For public entities, the new revenue standard is effective for annual and interim periods beginning after December 15, 2017. Entities have the option of adopting this new guidance using either a full retrospective or a modified approach with the cumulative effect of applying the guidance recognized at the date of initial application. The Company adopted the new standard effective January 1, 2018 using the modified retrospective transition approach applied to all contracts, which resulted in a cumulative-effect increase in the opening balance of retained earnings of $208 million , primarily related to the deferral of incremental sales commissions incurred in obtaining contracts in prior periods. Under this transition approach, the Company has not restated the prior period consolidated financial statements presented; however, it has provided additional disclosures related to the amount by which each relevant 2018 financial statement line item was affected by adoption of the new standard and explanations for significant changes (see Note 3 ). Recently Issued Accounting Pronouncements In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”), which simplifies the accounting for share-based payments granted to nonemployees by largely aligning it with the accounting for share-based payments to employees. For public entities, ASU 2018-07 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. Entities must apply the standard, using a modified retrospective transition approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption for all liability-classified nonemployee awards that have not been settled as of the adoption date and equity-classified nonemployee awards for which a measurement date has not been established. The Company plans to adopt ASU 2018-07 on January 1, 2019 and does not expect the adoption to have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”), which prescribes an impairment model for most financial assets based on expected losses rather than incurred losses. Under this model, an estimate of expected credit losses over the contractual life of the instrument is to be recorded as of the end of a reporting period as an allowance to offset the amortized cost basis, resulting in a net presentation of the amount expected to be collected on the financial asset. For public entities, ASU 2016-13 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For most instruments, entities must apply the standard using a cumulative-effect adjustment to beginning retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact that the adoption of ASU 2016-13 will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which requires lessees to recognize a lease liability and a right-of-use asset for each lease with a term longer than twelve months. The recognized liability is measured at the present value of lease payments not yet paid, and the corresponding asset represents the lessee’s right to use the underlying asset over the lease term and is based on the liability, subject to certain adjustments. For income statement purposes, the standard retains the dual model with leases classified as either operating or finance. Operating leases will result in straight-line expense while finance leases will result in a front-loaded expense pattern. The standard prescribes a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. For public entities, ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018, with early adoption permitted. The Company plans to adopt ASU 2016-02 on January 1, 2019. The Company is currently assessing the impact that the adoption of ASU 2016-02 will have on its consolidated financial statements. The Company continues to review the requirements of the new lease standard and is monitoring the activity of the FASB as it relates to any interpretive guidance, proposed amendments or additional practical expedients. The Company has formed a cross-functional project team to review its existing lease arrangements and assess potential impacts of adopting the new lease standard on its consolidated financial statements, related disclosures, accounting policies, process and system changes, and controls. The Company has completed the planning phase of the project, including the selection of a lease accounting software solution to comply with the new standard, and has identified an implementation partner to assist with the adoption.
Revenue from Contract with Customer, Policy	Contract assets, reported within other long-term assets in the consolidated balance sheet, primarily result from revenue being recognized where payment is contingent upon the transfer of services to a customer over the contractual period. Contract liabilities primarily relate to advance consideration received from customers (deferred revenue) for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company generates revenue from the delivery of processing, service and product solutions. Revenue is measured based on consideration specified in a contract with a customer, and excludes any amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer which may be at a point in time or over time. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling activities associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment activity and recognized as revenue at the point in time at which control of the goods transfers to the customer. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less. Nature of Goods and Services The Company’s operations are comprised of the Payments and Industry Products (“Payments”) segment and the Financial Institution Services (“Financial”) segment. Additional information regarding the Company’s business segments is included in Note 15 . The following is a description of principal activities from which the Company generates its revenue. Contracts with customers are evaluated on a contract-by-contract basis as contracts may include multiple types of goods and services as described below. Processing and Services Processing and services revenue is generated from account- and transaction-based fees for data processing, transaction processing, electronic billing and payment services, electronic funds transfer and debit processing services; consulting and professional services; and software maintenance for ongoing client support. The Company recognizes processing and services revenues in the period in which the specific service is performed unless they are not deemed distinct from other goods or services in which revenue would then be recognized as control is transferred of the combined goods and services. The Company’s arrangements for processing and services typically consist of an obligation to provide specific services to its customers on a when and if needed basis (a stand-ready obligation) and revenue is recognized from the satisfaction of the performance obligations in the amount billable to the customer. These services are typically provided under a fixed or declining (tier-based) price per unit based on volume of service, however, may also be based on minimum monthly usage fees. Fees for the Company’s processing and services arrangements are typically billed and paid on a monthly basis. Product Product revenue is generated from integrated print and card production sales, as well as software license sales. For software license agreements that are distinct, the Company recognizes software license revenue upon delivery, assuming a contract is deemed to exist. Revenue for arrangements with customers that include significant customization, modification or production of software such that the software is not distinct is typically recognized over time based upon efforts expended, such as labor hours, to measure progress towards completion. For arrangements involving hosted licensed software for the customer, a software element is considered present to the extent the customer has the contractual right to take possession of the software at any time during the hosting period without significant penalty and it is feasible for the customer to either operate the software on their own hardware or contract with another vendor to host the software. Significant Judgments in Application of the Guidance The Company uses the following methods, inputs, and assumptions in determining amounts of revenue to recognize: Identification of Performance Obligations For multi-element arrangements, the Company accounts for individual goods or services as a separate performance obligation if they are distinct, the good or service is separately identifiable from other items in the arrangement, and if a customer can benefit from it on its own or with other resources that are readily available to the customer. If these criteria are not met, the promised goods or services are accounted for as a combined performance obligation. Technology or service components from third parties are frequently embedded in or combined with the Company’s applications or service offerings. Whether the Company recognizes revenue based on the gross amount billed to a customer or the net amount retained involves judgment that depends on the relevant facts and circumstances including the level of contractual responsibilities and obligations for delivering solutions to end customers. Determination of Transaction Price The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring products or services to the customer. The Company includes any fixed charges within its contracts as part of the total transaction price. To the extent that variable consideration is not constrained, the Company includes an estimate of the variable amount, as appropriate, within the total transaction price and updates its assumptions over the duration of the contract. Assessment of Estimates of Variable Consideration Many of the Company’s contracts with customers contain some component of variable consideration; however, the constraint will generally not result in a reduction in the estimated transaction price for most forms of variable consideration. The Company may constrain the estimated transaction price in the event of a high degree of uncertainty as to the final consideration amount owed because of an extended length of time over which the fees may be adjusted. Allocation of Transaction Price The transaction price (including any discounts) is allocated between separate goods and services in a multi-element arrangement based on their relative standalone selling prices. The standalone selling prices are determined based on the prices at which the Company separately sells each good or service. For items that are not sold separately, the Company estimates the standalone selling prices using available information such as market conditions and internally approved pricing guidelines. In instances where there are observable selling prices for professional services and support and maintenance, the Company may apply the residual approach to estimate the standalone selling price of software licenses. In certain situations, primarily processing and services revenue described above, the Company allocates variable consideration to a distinct good(s) or service(s) within a contract. The Company allocates variable payments to one or more, but not all, of the distinct goods or services in a contract when (i) the variable payment relates specifically to the Company’s efforts to transfer the distinct good or service and (ii) the variable payment is for an amount that depicts the amount of consideration to which the Company expects to be entitled in exchange for transferring the promised goods or services to its customer. Revenue Recognition During the Three and Six Months Ended June 30, 2017 The Company generates revenue from the delivery of processing, service and product solutions. Revenue is recognized when written contracts are signed, delivery has occurred, the fees are fixed or determinable, and collectability is reasonably assured. Processing and services revenue is recognized as services are provided and is primarily derived from contracts that generate account- and transaction-based fees for data processing, transaction processing, electronic billing and payment services, electronic funds transfer and debit processing services. In addition, processing and services revenue is derived from the fulfillment of professional services, including consulting activities. Certain of the Company’s revenue is generated from multiple element arrangements involving various combinations of product and service deliverables. The deliverables within these arrangements are evaluated at contract inception to determine whether they represent separate units of accounting, and if so, contract consideration is allocated to each deliverable based on relative selling price. The relative selling price is determined using vendor specific objective evidence of fair value, third-party evidence or best estimate of selling price. Revenue is then recognized in accordance with the appropriate revenue recognition guidance applicable to the respective elements. Also included in processing and services revenue is software maintenance fee revenue for ongoing client support, which is recognized ratably over the term of the applicable support period, generally 12 months. Contract liabilities consist primarily of advance cash receipts for services (deferred revenue) and are recognized as revenue when the services are provided. Product revenue is primarily derived from integrated print and card production sales, as well as software license sales which represented less than 4% of consolidated revenue. For software license agreements that do not require significant customization or modification, the Company recognizes software license revenue upon delivery, assuming persuasive evidence of an arrangement exists, the license fee is fixed or determinable, and collection is reasonably assured. Arrangements with customers that include significant customization, modification or production of software are accounted for under contract accounting, with revenue recognized using the percentage-of-completion method based upon efforts expended, such as labor hours, to measure progress towards completion. Changes in estimates for revenues, costs and profits are recognized in the period in which they are determinable and were not material for any period presented. The Company includes reimbursements from clients, such as postage and telecommunication costs, in processing and services revenue and product revenue, while the related costs are included in cost of processing and services and cost of product. Capitalized contract costs are amortized based on the transfer of goods or services to which the asset relates. The amortization period also considers expected customer lives and whether the asset relates to goods or services transferred under a specific anticipated contract. The Company applies the optional exemption in paragraph 606-10-50-14(b) and does not disclose information about remaining performance obligations for account- and transaction-based processing fees that qualify for recognition in accordance with paragraph 606-10-55-18. These contracts generally have terms of three to five years, and contain variable consideration for stand-ready performance obligations for which the exact quantity and mix of transactions to be processed are contingent upon the customer’s request. The Company also applies the optional exemptions in paragraph 606-10-50-14A and does not disclose information for variable consideration, including additional seat licenses, that is a sales-based or usage-based royalty promised in exchange for a license of intellectual property or that is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service in a series. The amounts disclosed above as remaining performance obligations consist primarily of fixed or monthly minimum processing fees and maintenance fees under contracts with an original expected duration of greater than one year. Contract Costs The Company incurs incremental costs to obtain a contract as well as costs to fulfill contracts with customers that are expected to be recovered. These costs consist primarily of sales commissions incurred only if a contract is obtained, and customer conversion or implementation related costs.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The tables below present the Company’s revenue disaggregated by major business, including a reconciliation with its reportable segments. Most of the Company’s revenue is earned domestically within these major businesses, with revenue from clients outside the United States comprising approximately 5% of total revenue. (In millions) Reportable Segments Three Months Ended June 30, 2018 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 356 $ — $ — $ 356 Card and Related Services 400 — — 400 Other 81 — — 81 Total Payments 837 — — 837 Account and Item Processing — 530 — 530 Other — 60 — 60 Total Financial — 590 — 590 Corporate and Other — — (7 ) (7 ) Total Revenue $ 837 $ 590 $ (7 ) $ 1,420 (In millions) Reportable Segments Six Months Ended June 30, 2018 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 708 $ — $ — $ 708 Card and Related Services 814 — — 814 Other 157 — — 157 Total Payments 1,679 — — 1,679 Account and Item Processing — 1,036 — 1,036 Lending Solutions — 56 — 56 Other — 114 — 114 Total Financial — 1,206 — 1,206 Corporate and Other — — (25 ) (25 ) Total Revenue $ 1,679 $ 1,206 $ (25 ) $ 2,860
Schedule of remaining performance obligations	The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period. (In millions) Remainder of: June 30, 2018 2018 2019 2020 2021 Thereafter Processing and services $ 508 $ 897 $ 678 $ 526 $ 748 Product 19 33 25 15 17
Schedule of effect of new accounting pronouncements	The following tables summarize the impacts of ASC 606 adoption on the Company’s consolidated financial statements as of and for the three and six months ended June 30, 2018 . Consolidated Statements of Income (In millions, unaudited) Impact of changes in accounting policies Three Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Revenue: Processing and services $ 1,207 $ (7 ) $ 1,200 Product 213 (20 ) 193 Total revenue 1,420 (27 ) 1,393 Expenses: Cost of processing and services 560 1 561 Cost of product 179 2 181 Selling, general and administrative 320 (3 ) 317 Loss on sale of business 3 — 3 Total expenses 1,062 — 1,062 Operating income 358 (27 ) 331 Interest expense (45 ) — (45 ) Non-operating income 3 — 3 Income before income taxes and income from investments in unconsolidated affiliates 316 (27 ) 289 Income tax provision (72 ) 4 (68 ) Income from investments in unconsolidated affiliates 7 — 7 Net income $ 251 $ (23 ) $ 228 Net income per share – basic $ 0.61 $ (0.05 ) $ 0.56 Net income per share – diluted $ 0.60 $ (0.05 ) $ 0.55 Shares used in computing net income per share: Basic 408.4 — 408.4 Diluted 416.4 — 416.4 (In millions, unaudited) Impact of changes in accounting policies Six Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Revenue: Processing and services $ 2,445 $ (29 ) $ 2,416 Product 415 (23 ) 392 Total revenue 2,860 (52 ) 2,808 Expenses: Cost of processing and services 1,128 2 1,130 Cost of product 370 — 370 Selling, general and administrative 625 (1 ) 624 Gain on sale of business (229 ) (3 ) (232 ) Total expenses 1,894 (2 ) 1,892 Operating income 966 (50 ) 916 Interest expense (90 ) — (90 ) Non-operating income 3 — 3 Income before income taxes and income from investments in unconsolidated affiliates 879 (50 ) 829 Income tax provision (212 ) 11 (201 ) Income from investments in unconsolidated affiliates 7 — 7 Net income $ 674 $ (39 ) $ 635 Net income per share – basic $ 1.64 $ (0.09 ) $ 1.55 Net income per share – diluted $ 1.61 $ (0.09 ) $ 1.52 Shares used in computing net income per share: Basic 410.7 — 410.7 Diluted 419.0 — 419.0 Consolidated Statements of Comprehensive Income (In millions, unaudited) Impact of changes in accounting policies Three Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Net income $ 251 $ (23 ) $ 228 Other comprehensive (loss) income: Fair market value adjustment on cash flow hedges, net of income tax benefit of $2 million (4 ) — (4 ) Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 (1 ) — (1 ) Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0 1 — 1 Foreign currency translation (6 ) — (6 ) Total other comprehensive loss (10 ) — (10 ) Comprehensive income $ 241 $ (23 ) $ 218 (In millions, unaudited) Impact of changes in accounting policies Six Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Net income $ 674 $ (39 ) $ 635 Other comprehensive (loss) income: Fair market value adjustment on cash flow hedges, net of income tax benefit of $2 million (5 ) — (5 ) Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $1 million (3 ) — (3 ) Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $1 million 2 — 2 Foreign currency translation (6 ) — (6 ) Total other comprehensive loss (12 ) — (12 ) Comprehensive income $ 662 $ (39 ) $ 623 Consolidated Balance Sheet (In millions, unaudited) Impact of changes in accounting policies June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Assets Cash and cash equivalents $ 348 $ — $ 348 Trade accounts receivable, net 932 (9 ) 923 Prepaid expenses and other current assets 524 17 541 Total current assets 1,804 8 1,812 Property and equipment, net 374 — 374 Intangible assets, net 1,833 — 1,833 Goodwill 5,456 — 5,456 Contract costs, net 398 (319 ) 79 Other long-term assets 353 94 447 Total assets $ 10,218 $ (217 ) $ 10,001 Liabilities and Shareholders’ Equity Accounts payable and accrued expenses $ 1,302 $ (17 ) $ 1,285 Current maturities of long-term debt 1 — 1 Contract liabilities 352 98 450 Total current liabilities 1,655 81 1,736 Long-term debt 4,805 — 4,805 Deferred income taxes 692 (72 ) 620 Long-term contract liabilities 71 20 91 Other long-term liabilities 145 — 145 Total liabilities 7,368 29 7,397 Total shareholders’ equity 2,850 (246 ) 2,604 Total liabilities and shareholders’ equity $ 10,218 $ (217 ) $ 10,001 Consolidated Statement of Cash Flows (In millions, unaudited) Impact of changes in accounting policies Six Months Ended June 30, 2018 As reported Adjustments Balances without adoption of ASC 606 Cash flows from operating activities Net income $ 674 $ (39 ) $ 635 Adjustments to reconcile net income to net cash provided by operating activities from continuing operations: Depreciation and other amortization 190 (36 ) 154 Amortization of acquisition-related intangible assets 80 — 80 Share-based compensation 36 — 36 Deferred income taxes 80 (11 ) 69 Gain on sale of business (229 ) (3 ) (232 ) Income from investments in unconsolidated affiliates (7 ) — (7 ) Dividends from unconsolidated affiliates 1 — 1 Non-cash impairment charges 1 — 1 Changes in assets and liabilities, net of effects from acquisitions and dispositions: Trade accounts receivable (11 ) 29 18 Prepaid expenses and other assets (64 ) (1 ) (65 ) Contract costs (76 ) 41 (35 ) Accounts payable and other liabilities 17 (3 ) 14 Contract liabilities (79 ) 23 (56 ) Net cash provided by operating activities from continuing operations 613 — 613 Cash flows from investing activities: Capital expenditures, including capitalization of software costs (169 ) — (169 ) Proceeds from sale of businesses 419 — 419 Purchases of investments (2 ) — (2 ) Other investing activities (12 ) — (12 ) Net cash provided by investing activities from continuing operations 236 — 236 Cash flows from financing activities: Debt proceeds 1,161 — 1,161 Debt repayments (1,257 ) — (1,257 ) Proceeds from issuance of treasury stock 44 — 44 Purchases of treasury stock, including employee shares withheld for tax obligations (824 ) — (824 ) Other financing activities 7 — 7 Net cash used in financing activities from continuing operations (869 ) — (869 ) Net change in cash and cash equivalents from continuing operations (20 ) — (20 ) Net change in cash and cash equivalents from discontinued operations 43 — 43 Cash and cash equivalents, beginning balance 325 — 325 Cash and cash equivalents, ending balance $ 348 $ — $ 348 Discontinued operations cash flow information: Net cash used in operating activities $ (7 ) $ — $ (7 ) Net cash provided by investing activities 50 — 50 Net change in cash and cash equivalents from discontinued operations $ 43 $ — $ 43
Contract with customer, asset and liabilities	The following table provides information about contract assets and contract liabilities from contracts with customers. (In millions) June 30, 2018 January 1, 2018 Contract assets $ 163 $ 158 Contract liabilities 423 520

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of stock option, restricted stock unit and performance share unit activity	A summary of stock option, restricted stock unit and performance share unit grant activity is as follows: Six Months Ended 2018 2017 Shares Granted Weighted-Average Grant Date Fair Value Shares Granted Weighted-Average Grant Date Fair Value Stock options 1,265 $ 22.43 1,335 $ 18.64 Restricted stock units 501 70.14 546 57.03 Performance share units 165 75.39 110 56.91

Shares Used in Computing Net 27

Shares Used in Computing Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Computation of shares used in calculating basic and diluted net income per common share	The computation of shares used in calculating basic and diluted net income per common share is as follows: Three Months Ended Six Months Ended (In millions) 2018 2017 2018 2017 Weighted-average common shares outstanding used for the calculation of net income per share – basic 408.4 423.6 410.7 426.3 Common stock equivalents 8.0 8.9 8.3 9.2 Weighted-average common shares outstanding used for the calculation of net income per share – diluted 416.4 432.5 419.0 435.5

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets by class	Intangible assets consisted of the following: (In millions) Gross Carrying Amount Accumulated Amortization Net Book Value June 30, 2018 Customer related intangible assets $ 2,293 $ 1,229 $ 1,064 Acquired software and technology 578 475 103 Trade names 117 68 49 Capitalized software development costs 761 292 469 Purchased software 261 113 148 Total $ 4,010 $ 2,177 $ 1,833 (In millions) Gross Carrying Amount Accumulated Amortization Net Book Value December 31, 2017 Customer related intangible assets $ 2,293 $ 1,168 $ 1,125 Acquired software and technology 579 460 119 Trade names 117 64 53 Capitalized software development costs 737 282 455 Purchased software 241 111 130 Total $ 3,967 $ 2,085 $ 1,882

Accounts Payable and Accrued 29

Accounts Payable and Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	Accounts payable and accrued expenses consisted of the following: (In millions) June 30, December 31, Trade accounts payable $ 95 $ 80 Client deposits 521 481 Settlement obligations 302 379 Accrued compensation and benefits 142 198 Other accrued expenses 242 221 Total $ 1,302 $ 1,359

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Changes in accumulated other comprehensive loss by component, net of income taxes	Changes in accumulated other comprehensive loss by component, net of income taxes, consisted of the following: (In millions) Cash Flow Hedges Foreign Currency Translation Other Total Balance at December 31, 2017 $ (14 ) $ (38 ) $ (2 ) $ (54 ) Other comprehensive loss before reclassifications (5 ) (6 ) — (11 ) Amounts reclassified from accumulated other comprehensive loss (1 ) — — (1 ) Net current-period other comprehensive loss (6 ) (6 ) — (12 ) Cumulative-effect adjustment of ASU 2017-12 adoption from retained earnings 3 — — 3 Cumulative-effect adjustment of ASU 2018-02 adoption to retained earnings (3 ) — — (3 ) Balance at June 30, 2018 $ (20 ) $ (44 ) $ (2 ) $ (66 ) (In millions) Cash Flow Hedges Foreign Currency Translation Other Total Balance at December 31, 2016 $ (24 ) $ (50 ) $ (2 ) $ (76 ) Other comprehensive income before reclassifications 3 11 — 14 Amounts reclassified from accumulated other comprehensive loss 3 — — 3 Net current-period other comprehensive income 6 11 — 17 Balance at June 30, 2017 $ (18 ) $ (39 ) $ (2 ) $ (59 )

Cash Flow Information (Tables)

Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow information	Supplemental cash flow information consisted of the following: Six Months Ended (In millions) 2018 2017 Interest paid $ 84 $ 77 Income taxes paid 121 206 Treasury stock purchases settled after the balance sheet date 12 13

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of segment reporting information	(In millions) Payments Financial Corporate and Other Total Three Months Ended June 30, 2018 Processing and services revenue $ 665 $ 529 $ 13 $ 1,207 Product revenue 172 61 (20 ) 213 Total revenue $ 837 $ 590 $ (7 ) $ 1,420 Operating income $ 269 $ 201 $ (112 ) $ 358 Three Months Ended June 30, 2017 Processing and services revenue $ 602 $ 582 $ 2 $ 1,186 Product revenue 177 41 (18 ) 200 Total revenue $ 779 $ 623 $ (16 ) $ 1,386 Operating income $ 238 $ 214 $ (80 ) $ 372 Six Months Ended June 30, 2018 Processing and services revenue $ 1,318 $ 1,111 $ 16 $ 2,445 Product revenue 361 95 (41 ) 415 Total revenue $ 1,679 $ 1,206 $ (25 ) $ 2,860 Operating income $ 540 $ 403 $ 23 $ 966 Six Months Ended June 30, 2017 Processing and services revenue $ 1,197 $ 1,162 $ 5 $ 2,364 Product revenue 376 81 (41 ) 416 Total revenue $ 1,573 $ 1,243 $ (36 ) $ 2,780 Operating income $ 497 $ 410 $ (170 ) $ 737

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Millions	Feb. 21, 2018	Dec. 31, 2017USD ($)
Class of Stock [Line Items]
Stock split ratio	2
Common Stock
Class of Stock [Line Items]
Adjustments due stock split, APIC		$ 4
Additional Paid-In Capital
Class of Stock [Line Items]
Adjustments due stock split, APIC		$ (4)

Recent Accounting Pronounceme34

Recent Accounting Pronouncements (Details) $ in Millions	Dec. 31, 2017USD ($)
Accounting Standards Update 2018-02 | New Accounting Pronouncement, Early Adoption, Effect | Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment of ASU adoption	$ (3)
Accounting Standards Update 2018-02 | New Accounting Pronouncement, Early Adoption, Effect | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment of ASU adoption	3
Accounting Standards Update 2017-12 | New Accounting Pronouncement, Early Adoption, Effect | Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment of ASU adoption	3
Accounting Standards Update 2017-12 | New Accounting Pronouncement, Early Adoption, Effect | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment of ASU adoption	(3)
Accounting Standards Update 2014-09 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment of ASU adoption	$ 208

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue recognized which was included in the contract liability balance		$ 307,000,000
Capitalized contract costs, amortization	$ 26,000,000	50,000,000
Capitalized contract cost, impairment loss	0	0
Retained Earnings | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment of ASU adoption				$ 208,000,000
Product
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of consolidated revenue (less than)			4.00%
Sales Commissions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Capitalized contract costs	304,000,000	304,000,000
Conversion or Implementation Costs
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Capitalized contract costs	$ 94,000,000	$ 94,000,000
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Remaining revenue performance obligation, optional exemption, contract term		3 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Remaining revenue performance obligation, optional exemption, contract term		5 years

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Capitalized Contract Cost, Impairment Loss	$ 0	$ 0
Revenue from contract with customer	1,420,000,000	2,860,000,000
Digital Money Movement
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	356,000,000	708,000,000
Card and Related Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	400,000,000	814,000,000
Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	81,000,000	157,000,000
Total Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	837,000,000	1,679,000,000
Account and Item Processing
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	530,000,000	1,036,000,000
Lending Solutions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		56,000,000
Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	60,000,000	114,000,000
Total Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	590,000,000	1,206,000,000
Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	837,000,000	1,679,000,000
Payments | Digital Money Movement
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	356,000,000	708,000,000
Payments | Card and Related Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	400,000,000	814,000,000
Payments | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	81,000,000	157,000,000
Payments | Total Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	837,000,000	1,679,000,000
Payments | Account and Item Processing
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Payments | Lending Solutions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0
Payments | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Payments | Total Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	590,000,000	1,206,000,000
Financial | Digital Money Movement
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Financial | Card and Related Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Financial | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Financial | Total Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Financial | Account and Item Processing
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	530,000,000	1,036,000,000
Financial | Lending Solutions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		56,000,000
Financial | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	60,000,000	114,000,000
Financial | Total Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	590,000,000	1,206,000,000
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(7,000,000)	(25,000,000)
Corporate and Other | Digital Money Movement
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Card and Related Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Total Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Account and Item Processing
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Lending Solutions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0
Corporate and Other | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Total Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0
Corporate and Other | Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 0	$ 0
Geographic Concentration Risk | Sales Revenue, Net | Foreign Tax Authority
Disaggregation of Revenue [Line Items]
Percentage of concentration risk		5.00%

Revenue Recognition - Contract

Revenue Recognition - Contract with Customer, Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jan. 01, 2018
Revenue from Contract with Customer [Abstract]
Contract assets	$ 163	$ 158
Contract liabilities	$ 423	$ 520

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	6 months
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 508
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 897
Performance obligations expected to be satisfied, expected timing	1 year
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 678
Performance obligations expected to be satisfied, expected timing	1 year
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 526
Performance obligations expected to be satisfied, expected timing	1 year
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 748
Performance obligations expected to be satisfied, expected timing
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	6 months
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 19
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 33
Performance obligations expected to be satisfied, expected timing	1 year
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 25
Performance obligations expected to be satisfied, expected timing	1 year
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 15
Performance obligations expected to be satisfied, expected timing	1 year
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 17
Performance obligations expected to be satisfied, expected timing

Revenue Recognition - Impacts o

Revenue Recognition - Impacts of ASC 606 Adoption on Consolidated Statement of Income (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue:
Processing and services	$ 1,207	$ 1,186	$ 2,445	$ 2,364
Product	213	200	415	416
Total revenue	1,420	1,386	2,860	2,780
Expenses:
Cost of processing and services	560	573	1,128	1,143
Cost of product	179	175	370	357
Selling, general and administrative	320	276	625	553
(Gain) loss on sale of businesses	3	(10)	(229)	(10)
Total expenses	1,062	1,014	1,894	2,043
Operating income	358	372	966	737
Interest expense	(45)	(44)	(90)	(86)
Non-operating income	3	2	3	2
Income before income taxes and income from investments in unconsolidated affiliates	316	330	879	653
Income tax provision	(72)	(109)	(212)	(211)
Income from investments in unconsolidated affiliates	7	0	7	26
Net income	$ 251	$ 221	$ 674	$ 468
Net income per share – basic (in dollars per share)	$ 0.61	$ 0.52	$ 1.64	$ 1.10
Net income per share – diluted (in dollars per share)	$ 0.60	$ 0.51	$ 1.61	$ 1.08
Shares used in computing net income per share:
Basic (in shares)	408.4	423.6	410.7	426.3
Diluted (in shares)	416.4	432.5	419	435.5
Balances without adoption of ASC 606
Revenue:
Processing and services	$ 1,200		$ 2,416
Product	193		392
Total revenue	1,393		2,808
Expenses:
Cost of processing and services	561		1,130
Cost of product	181		370
Selling, general and administrative	317		624
(Gain) loss on sale of businesses	3		(232)
Total expenses	1,062		1,892
Operating income	331		916
Interest expense	(45)		(90)
Income before income taxes and income from investments in unconsolidated affiliates	289		829
Income tax provision	(68)		(201)
Income from investments in unconsolidated affiliates	7		7
Net income	$ 228		$ 635
Net income per share – basic (in dollars per share)	$ 0.56		$ 1.55
Net income per share – diluted (in dollars per share)	$ 0.55		$ 1.52
Shares used in computing net income per share:
Basic (in shares)	408.4		410.7
Diluted (in shares)	416.4		419
Adjustments | Accounting Standards Update 2014-09
Revenue:
Processing and services	$ (7)		$ (29)
Product	(20)		(23)
Total revenue	(27)		(52)
Expenses:
Cost of processing and services	1		2
Cost of product	2		0
Selling, general and administrative	(3)		(1)
(Gain) loss on sale of businesses	0		(3)
Total expenses	0		(2)
Operating income	(27)		(50)
Interest expense	0		0
Non-operating income	0		0
Income before income taxes and income from investments in unconsolidated affiliates	(27)		(50)
Income tax provision	4		11
Income from investments in unconsolidated affiliates	0		0
Net income	$ (23)		$ (39)
Net income per share – basic (in dollars per share)	$ (0.05)		$ (0.09)
Net income per share – diluted (in dollars per share)	$ (0.05)		$ (0.09)
Shares used in computing net income per share:
Basic (in shares)	0		0
Diluted (in shares)	0		0

Revenue Recognition - Impacts40

Revenue Recognition - Impacts of ASC 606 on Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net income	$ 251	$ 221	$ 674	$ 468
Fair market value adjustment on cash flow hedges, net of income tax benefit of $2 million	(4)	1	(5)	3
Foreign currency translation	(6)	6	(6)	11
Total other comprehensive (loss) income	(10)	8	(12)	17
Comprehensive income	241	229	662	485
Income tax provision on fair market value adjustment on cash flow hedges	(2)	1	(2)	2
Adjustments | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net income	(23)		(39)
Fair market value adjustment on cash flow hedges, net of income tax benefit of $2 million	0		0
Foreign currency translation	0		0
Total other comprehensive (loss) income	0		0
Comprehensive income	(23)		(39)
Balances without adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net income	228		635
Fair market value adjustment on cash flow hedges, net of income tax benefit of $2 million	(4)		(5)
Foreign currency translation	(6)		(6)
Total other comprehensive (loss) income	(10)		(12)
Comprehensive income	218		623
Cost of Services
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	(1)	0	(3)	0
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	(1)	0	(3)	0
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges	0	0	(1)	0
Cost of Services | Adjustments | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	0		0
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	0		0
Cost of Services | Balances without adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	(1)		(3)
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	(1)		(3)
Interest Expense
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	1	1	2	3
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	1	1	2	3
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges	0	$ 1	1	$ 2
Interest Expense | Adjustments | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	0		0
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	0		0
Interest Expense | Balances without adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reclassification adjustment for net realized gains on cash flow hedges included in cost of processing and services, net of income tax benefit of $0 and $1 million	1		2
Reclassification adjustment for net realized losses on cash flow hedges included in interest expense, net of income tax provision of $0, $1 million, $1 million and $2 million	$ 1		$ 2

Revenue Recognition - Impacts41

Revenue Recognition - Impacts of ASC 606 on Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 348	$ 325	$ 299	$ 300
Trade accounts receivable, net	932	997
Prepaid expenses and other current assets	524	603
Total current assets	1,804	1,975
Property and equipment, net	374	390
Intangible assets, net	1,833	1,882
Goodwill	5,456	5,590
Contract costs, net	398	84
Other long-term assets	353	368
Total assets	10,218	10,289
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	1,302	1,359
Current maturities of long-term debt	1	3
Contract liabilities	352	576
Total current liabilities	1,655	1,938
Long-term debt	4,805	4,897
Deferred income taxes	692	552
Long-term contract liabilities	71	54
Other long-term liabilities	145	117
Total liabilities	7,368	7,558
Total shareholders’ equity	2,850	2,731
Total liabilities and shareholders’ equity	10,218	10,289
Adjustments | Accounting Standards Update 2014-09
Assets
Cash and cash equivalents	0	0
Trade accounts receivable, net	(9)
Prepaid expenses and other current assets	17
Total current assets	8
Property and equipment, net	0
Intangible assets, net	0
Goodwill	0
Contract costs, net	(319)
Other long-term assets	94
Total assets	(217)
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	(17)
Current maturities of long-term debt	0
Contract liabilities	98
Total current liabilities	81
Long-term debt	0
Deferred income taxes	(72)
Long-term contract liabilities	20
Other long-term liabilities	0
Total liabilities	29
Total shareholders’ equity	(246)
Total liabilities and shareholders’ equity	(217)
Balances without adoption of ASC 606
Assets
Cash and cash equivalents	348	$ 325
Trade accounts receivable, net	923
Prepaid expenses and other current assets	541
Total current assets	1,812
Property and equipment, net	374
Intangible assets, net	1,833
Goodwill	5,456
Contract costs, net	79
Other long-term assets	447
Total assets	10,001
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	1,285
Current maturities of long-term debt	1
Contract liabilities	450
Total current liabilities	1,736
Long-term debt	4,805
Deferred income taxes	620
Long-term contract liabilities	91
Other long-term liabilities	145
Total liabilities	7,397
Total shareholders’ equity	2,604
Total liabilities and shareholders’ equity	$ 10,001

Revenue Recognition - Impacts42

Revenue Recognition - Impacts of ASC 606 on Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions	May 11, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income		$ 251	$ 221	$ 674	$ 468
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:
Depreciation and other amortization				190	141
Amortization of acquisition-related intangible assets				80	78
Share-based compensation				36	33
Deferred income taxes				80	0
(Gain) loss on sale of businesses		3	(10)	(229)	(10)
Income from investments in unconsolidated affiliates		(7)	0	(7)	(26)
Dividends from unconsolidated affiliates				1	31
Non-cash impairment charges				1	10
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Trade accounts receivable				(11)	59
Prepaid expenses and other assets				(64)	(13)
Contract costs				(76)	(12)
Accounts payable and other liabilities				17	(40)
Contract liabilities				(79)	(27)
Net cash provided by operating activities from continuing operations				613	691
Cash flows from investing activities:
Capital expenditures, including capitalization of software costs				(169)	(136)
Proceeds from sale of businesses	$ 19			419	19
Purchases of investments				(2)	0
Other investing activities				(12)	1
Net cash provided by (used in) investing activities from continuing operations				236	(194)
Cash flows from financing activities:
Debt proceeds				1,161	1,173
Debt repayments				(1,257)	(1,005)
Proceeds from issuance of treasury stock				44	47
Purchases of treasury stock, including employee shares withheld for tax obligations				(824)	(713)
Other financing activities				7	0
Net cash used in financing activities from continuing operations				(869)	(498)
Net change in cash and cash equivalents from continuing operations				(20)	(1)
Net change in cash and cash equivalents from discontinued operations				43	0
Cash and cash equivalents, beginning balance				325	300
Cash and cash equivalents, ending balance		348	$ 299	348	299
Discontinued operations cash flow information:
Net cash used in operating activities				(7)	0
Net cash provided by investing activities				50	0
Net change in cash and cash equivalents from discontinued operations				43	$ 0
Adjustments | Accounting Standards Update 2014-09
Cash flows from operating activities:
Net income		(23)		(39)
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:
Depreciation and other amortization				(36)
Amortization of acquisition-related intangible assets				0
Share-based compensation				0
Deferred income taxes				(11)
(Gain) loss on sale of businesses		0		(3)
Income from investments in unconsolidated affiliates		0		0
Dividends from unconsolidated affiliates				0
Non-cash impairment charges				0
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Trade accounts receivable				29
Prepaid expenses and other assets				(1)
Contract costs				41
Accounts payable and other liabilities				(3)
Contract liabilities				23
Net cash provided by operating activities from continuing operations				0
Cash flows from investing activities:
Capital expenditures, including capitalization of software costs				0
Proceeds from sale of businesses				0
Purchases of investments				0
Other investing activities				0
Net cash provided by (used in) investing activities from continuing operations				0
Cash flows from financing activities:
Debt proceeds				0
Debt repayments				0
Proceeds from issuance of treasury stock				0
Purchases of treasury stock, including employee shares withheld for tax obligations				0
Other financing activities				0
Net cash used in financing activities from continuing operations				0
Net change in cash and cash equivalents from continuing operations				0
Net change in cash and cash equivalents from discontinued operations				0
Cash and cash equivalents, beginning balance				0
Cash and cash equivalents, ending balance		0		0
Discontinued operations cash flow information:
Net cash used in operating activities				0
Net cash provided by investing activities				0
Net change in cash and cash equivalents from discontinued operations				0
Balances without adoption of ASC 606
Cash flows from operating activities:
Net income		228		635
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:
Depreciation and other amortization				154
Amortization of acquisition-related intangible assets				80
Share-based compensation				36
Deferred income taxes				69
(Gain) loss on sale of businesses		3		(232)
Income from investments in unconsolidated affiliates		(7)		(7)
Dividends from unconsolidated affiliates				1
Non-cash impairment charges				1
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Trade accounts receivable				18
Prepaid expenses and other assets				(65)
Contract costs				(35)
Accounts payable and other liabilities				14
Contract liabilities				(56)
Net cash provided by operating activities from continuing operations				613
Cash flows from investing activities:
Capital expenditures, including capitalization of software costs				(169)
Proceeds from sale of businesses				419
Purchases of investments				(2)
Other investing activities				(12)
Net cash provided by (used in) investing activities from continuing operations				236
Cash flows from financing activities:
Debt proceeds				1,161
Debt repayments				(1,257)
Proceeds from issuance of treasury stock				44
Purchases of treasury stock, including employee shares withheld for tax obligations				(824)
Other financing activities				7
Net cash used in financing activities from continuing operations				(869)
Net change in cash and cash equivalents from continuing operations				(20)
Net change in cash and cash equivalents from discontinued operations				43
Cash and cash equivalents, beginning balance				325
Cash and cash equivalents, ending balance		$ 348		348
Discontinued operations cash flow information:
Net cash used in operating activities				(7)
Net cash provided by investing activities				50
Net change in cash and cash equivalents from discontinued operations				$ 43

Acquisitions and Dispositions (

Acquisitions and Dispositions (Details) $ in Millions	May 11, 2017USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)acquisitions
Business Acquisition [Line Items]
Earn-out provisions, fair value		$ 15	$ 15		$ 15		$ 15
Goodwill		5,456	5,590		5,456		5,590
Assets held for sale		0	50		0		$ 50
Impact to operating income of acquiree since acquisition date (less than)				$ 5	5	$ 5
Consideration from sale of business	$ 17
Proceeds from sale of businesses	$ 19				419	19
Consideration, adjustment			2
Gain (loss) on disposal				10		10
Gain on disposal, tax expense				5		5
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Number of acquisitions | acquisitions							4
Payments for acquisitions of businesses							$ 384
Cash acquired from acquisitions							33
Earn-out provisions, fair value			15				15
Recognized identifiable assets acquired, finite-lived intangibles			163				163
Goodwill			217				217
Other identifiable net assets			19				19
Assets held for sale			50				50
Deferred tax liabilities			20				20
Goodwill, expected to be tax deductible			$ 70				$ 70
Revenue of acquiree since acquisition date		21		$ 2	$ 42	$ 4
Impact to operating income of acquiree since acquisition date (less than)		$ 5

Discontinued Operations (Detail

Discontinued Operations (Details) £ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)	Jan. 10, 2018USD ($)	Jan. 10, 2018GBP (£)	Dec. 31, 2017USD ($)	May 11, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration from sale of business					$ 17
Income from discontinued operations, tax	$ 7
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration from sale of business		$ 50	£ 37
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Corresponding assets, held for sale				$ 50

Investments in Unconsolidated45

Investments in Unconsolidated Affiliates (Details) - USD ($)	Mar. 29, 2018	May 11, 2017	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Mar. 28, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Proceeds from sale of businesses		$ 19,000,000					$ 419,000,000	$ 19,000,000
Gain on sale of businesses			$ (3,000,000)		$ 10,000,000		229,000,000	10,000,000
Long-term liability			145,000,000				145,000,000			$ 117,000,000
Non-operating income			3,000,000		2,000,000		3,000,000	2,000,000
Processing and services			$ 1,207,000,000		$ 1,186,000,000		2,445,000,000	2,364,000,000
Dividends from unconsolidated affiliates							$ 1,000,000	$ 31,000,000
StoneRiver Group, L.P.
Schedule of Equity Method Investments [Line Items]
Pre-tax gain on sale						$ 26,000,000
Gain on sale, tax						9,000,000
Percentage of interest owned in affiliate			49.00%				49.00%
Dividends from unconsolidated affiliates						$ 31,000,000
Financial | Fiserv Automotive Solutions, LLC
Schedule of Equity Method Investments [Line Items]
Controlling interest sold	55.00%
Financial | Fiserv LS LLC
Schedule of Equity Method Investments [Line Items]
Controlling interest sold	55.00%
Financial | Lending Solutions Business
Schedule of Equity Method Investments [Line Items]
Controlling interest sold				55.00%
Proceeds from sale of businesses	$ 419,000,000
Gain on sale of businesses	229,000,000			$ 229,000,000
Gain on sale of businesses, tax	77,000,000			77,000,000
Remeasurement of retained interests	124,000,000
Gain contingency, unrecorded (up to)	$ 20,000,000
Investment in affiliate			$ 64,000,000				$ 64,000,000
Long-term liability				$ 34,000,000
Non-operating income			2,000,000
Percentage of interest owned in affiliate	45.00%
Variable-Rate Term Loan Facilities Due March 2023 | Term Loan Facilities | Line of Credit
Schedule of Equity Method Investments [Line Items]
Maximum borrowing capacity									$ 350,000,000
Variable-Rate Revolving Credit Facilities Due March 2023 | Revolving Credit Facility | Line of Credit
Schedule of Equity Method Investments [Line Items]
Maximum borrowing capacity									$ 35,000,000
Affiliated Entity | Financial | Lending Solutions Business
Schedule of Equity Method Investments [Line Items]
Processing and services			$ 10,000,000

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 17	$ 17	$ 36	$ 33
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, stock options, exercised (in shares)			1.9	1.9

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Stock Options (Details) - $ / shares shares in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, stock options, granted (in shares)	1,265	1,335
Share-based awards, stock options, weighted-average grant date fair value (in dollars per share)	$ 22.43	$ 18.64
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, restricted stock units, granted (in shares)	501	546
Share-based awards, restricted stock units, weighted-average grant date fair values (in dollar per share)	$ 70.14	$ 57.03
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, restricted stock units, granted (in shares)	165	110
Share-based awards, restricted stock units, weighted-average grant date fair values (in dollar per share)	$ 75.39	$ 56.91

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Mar. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income tax provision before income from investment in unconsolidated affiliate		23.00%		32.80%		24.20%	32.20%
Schedule of Equity Method Investments [Line Items]
Pre-tax gain on sale		$ (3)		$ 10		$ 229	$ 10
StoneRiver Group, L.P.
Schedule of Equity Method Investments [Line Items]
Gain on sale, income tax expense					$ 9
Financial | Lending Solutions Business
Schedule of Equity Method Investments [Line Items]
Gain on sale of businesses, tax	$ 77		$ 77
Pre-tax gain on sale	$ 229		$ 229
Controlling interest sold			55.00%

Shares Used in Computing Net 49

Shares Used in Computing Net Income Per Share - Schedule of Weighted-Average Number of Shares (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Weighted-average common shares outstanding used for the calculation of net income per share – basic	408.4	423.6	410.7	426.3
Common stock equivalents (in shares)	8	8.9	8.3	9.2
Weighted-average common shares outstanding used for the calculation of net income per share – diluted	416.4	432.5	419	435.5

Shares Used in Computing Net 50

Shares Used in Computing Net Income Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Stock options excluded from the calculation of diluted weighted-average outstanding shares because their impact was anti-dilutive (in shares)	1.3	1.7	1	1.4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Investment [Line Items]
Fair value of total debt	$ 4,800		$ 4,800		$ 5,000
Contingent consideration liability, fair value	15		15		$ 15
Fair value of line of credit	32		32
Non-operating income	3	$ 2	$ 3	$ 2
Lending Solutions Business | Financial
Investment [Line Items]
Non-operating income	$ 2

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets by Class (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,010	$ 3,967
Accumulated Amortization	2,177	2,085
Net Book Value	1,833	1,882
Customer related intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,293	2,293
Accumulated Amortization	1,229	1,168
Net Book Value	1,064	1,125
Acquired software and technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	578	579
Accumulated Amortization	475	460
Net Book Value	103	119
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	117	117
Accumulated Amortization	68	64
Net Book Value	49	53
Capitalized software development costs
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	761	737
Accumulated Amortization	292	282
Net Book Value	469	455
Purchased software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	261	241
Accumulated Amortization	113	111
Net Book Value	$ 148	$ 130

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) $ in Millions	Jun. 30, 2018USD ($)
Acquired intangible assets
Finite-Lived Intangible Assets [Line Items]
Estimated annual amortization expense in 2018	$ 160
Estimated annual amortization expense in 2019	160
Estimated annual amortization expense in 2020	130
Estimated annual amortization expense in 2021	130
Estimated annual amortization expense in 2022	120
Capitalized and purchased software
Finite-Lived Intangible Assets [Line Items]
Estimated annual amortization expense in 2018	$ 170

Accounts Payable and Accrued 54

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Trade accounts payable	$ 95	$ 80
Client deposits	521	481
Settlement obligations	302	379
Accrued compensation and benefits	142	198
Other accrued expenses	242	221
Total	$ 1,302	$ 1,359

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period			$ 2,731
Total other comprehensive (loss) income	$ (10)	$ 8	(12)	$ 17
Balance at end of period	2,850		2,850
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period			(14)	(24)
Other comprehensive loss before reclassifications			(5)	3
Amounts reclassified from accumulated other comprehensive loss			(1)	3
Total other comprehensive (loss) income			(6)	6
Balance at end of period	(20)	(18)	(20)	(18)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period			(38)	(50)
Other comprehensive loss before reclassifications			(6)	11
Amounts reclassified from accumulated other comprehensive loss			0	0
Total other comprehensive (loss) income			(6)	11
Balance at end of period	(44)	(39)	(44)	(39)
Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period			(2)	(2)
Other comprehensive loss before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive loss			0	0
Total other comprehensive (loss) income			0	0
Balance at end of period	(2)	(2)	(2)	(2)
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period			(54)	(76)
Other comprehensive loss before reclassifications			(11)	14
Amounts reclassified from accumulated other comprehensive loss			(1)	3
Total other comprehensive (loss) income			(12)	17
Balance at end of period	$ (66)	$ (59)	$ (66)	$ (59)
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2017-12 | Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					$ 3
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2017-12 | Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					0
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2017-12 | Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					0
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2017-12 | Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					3
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2018-02 | Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					(3)
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2018-02 | Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					0
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2018-02 | Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					0
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2018-02 | Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative-effect adjustment of ASU adoption					$ (3)

Accumulated Other Comprehensi56

Accumulated Other Comprehensive Loss - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Estimated interest expense related to settled interest rate hedge contracts during the next twelve months	$ 6
Estimate of gain related to foreign currency exchange contracts during the next 12 months	(2)
Foreign currency forward exchange contracts | Indian Rupee
Accumulated Other Comprehensive Income (Loss) [Line Items]
Notional amount of derivative	162	$ 150
Total fair value of cash flow hedge derivatives	$ (3)	$ 8

Cash Flow Information (Details)

Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 84	$ 77
Income taxes paid	121	206
Treasury stock purchases settled after the balance sheet date	$ 12	$ 13

Business Segment Information -

Business Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Processing and services revenue	$ 1,207	$ 1,186	$ 2,445	$ 2,364
Product revenue	213	200	415	416
Total revenue	1,420	1,386	2,860	2,780
Operating income	358	372	966	737
Corporate and Other
Segment Reporting Information [Line Items]
Processing and services revenue	13	2	16	5
Product revenue	(20)	(18)	(41)	(41)
Total revenue	(7)	(16)	(25)	(36)
Operating income	(112)	(80)	23	(170)
Payments | Operating segments
Segment Reporting Information [Line Items]
Processing and services revenue	665	602	1,318	1,197
Product revenue	172	177	361	376
Total revenue	837	779	1,679	1,573
Operating income	269	238	540	497
Financial | Operating segments
Segment Reporting Information [Line Items]
Processing and services revenue	529	582	1,111	1,162
Product revenue	61	41	95	81
Total revenue	590	623	1,206	1,243
Operating income	$ 201	$ 214	$ 403	$ 410

Business Segment Information 59

Business Segment Information - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Goodwill	$ 5,456	$ 5,590
Operating segments | Payments
Segment Reporting Information [Line Items]
Goodwill	3,800	3,800
Operating segments | Financial
Segment Reporting Information [Line Items]
Goodwill	$ 1,700	$ 1,800