Fiserv (FI) 10-Q 1 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 25, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	FISERV INC
Entity Central Index Key	0000798354
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		392,439,838

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue:
Processing and services	$ 1,293	$ 1,238
Product	209	202
Total revenue	1,502	1,440
Expenses:
Cost of processing and services	624	568
Cost of product	174	191
Selling, general and administrative	341	305
Gain on sale of business	(10)	(232)
Total expenses	1,129	832
Operating income	373	608
Interest expense	(59)	(45)
Debt financing activities	(59)	0
Non-operating income	3	0
Income before income taxes and loss from investments in unconsolidated affiliates	258	563
Income tax provision	(31)	(140)
Loss from investments in unconsolidated affiliates	(2)	0
Net income	$ 225	$ 423
Net income per share – basic (in dollars per share)	$ 0.58	$ 1.02
Net income per share – diluted (in dollars per share)	$ 0.56	$ 1
Shares used in computing net income per share:
Basic (in shares)	391.7	413.1
Diluted (in shares)	399.1	421.6

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income	$ 225	$ 423
Other comprehensive (loss) income:
Fair market value adjustment on cash flow hedges, net of income tax benefit of $8 million and zero	(23)	(1)
Foreign currency translation	4	0
Total other comprehensive (loss)	(18)	(2)
Comprehensive income	207	421
Cost of Services
Other comprehensive (loss) income:
Reclassification adjustment for net realized (gains) losses on cash flow hedges	0
Reclassification adjustment for net realized (gains) losses on cash flow hedges		(2)
Interest Expense
Other comprehensive (loss) income:
Reclassification adjustment for net realized (gains) losses on cash flow hedges	$ 1
Reclassification adjustment for net realized (gains) losses on cash flow hedges		$ 1

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income tax benefit on fair market value adjustment on cash flow hedges	$ 8	$ 0
Cost of Services
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges	0
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges		(1)
Interest Expense
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges	$ 0
Income (benefit) expense on reclassification adjustment for net realized gain on cash flow hedges		$ 0

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 452	$ 415
Trade accounts receivable, net	1,044	1,049
Prepaid expenses and other current assets	779	760
Total current assets	2,275	2,224
Property and equipment, net	409	398
Intangible assets, net	2,117	2,143
Goodwill	5,703	5,702
Contract costs, net	435	419
Other long-term assets	737	376
Total assets	11,676	11,262
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	1,718	1,626
Current maturities of long-term debt	7	4
Contract liabilities	395	380
Total current liabilities	2,120	2,010
Long-term debt	5,868	5,955
Deferred income taxes	745	745
Long-term contract liabilities	103	89
Other long-term liabilities	446	170
Total liabilities	9,282	8,969
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	1,034	1,057
Accumulated other comprehensive loss	(85)	(67)
Retained earnings	11,860	11,635
Treasury stock, at cost, 399.1 million and 398.9 million shares	(10,423)	(10,340)
Total shareholders’ equity	2,394	2,293
Total liabilities and shareholders’ equity	$ 11,676	$ 11,262

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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)	399,100,000	398,900,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 225	$ 423
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:
Depreciation and other amortization	100	93
Amortization of acquisition-related intangible assets	45	40
Amortization of financing costs and debt discounts	60	1
Share-based compensation	19	19
Deferred income taxes	8	77
Gain on sale of business	(10)	(232)
Loss from investments in unconsolidated affiliates	2	0
Other operating activities	(2)	0
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Trade accounts receivable	6	67
Prepaid expenses and other assets	(26)	(44)
Contract costs	(58)	(50)
Accounts payable and other liabilities	(26)	38
Contract liabilities	30	(60)
Net cash provided by operating activities from continuing operations	373	372
Cash flows from investing activities:
Capital expenditures, including capitalization of software costs	(98)	(77)
Proceeds from sale of business	0	419
Payments for acquisition of business, including working capital adjustments	56	0
Purchases of investments	0	(1)
Other investing activities	6	(10)
Net cash (used in) provided by investing activities from continuing operations	(36)	331
Cash flows from financing activities:
Debt proceeds	587	509
Debt repayments	(680)	(806)
Payments of debt financing, redemption and other costs	(56)	0
Proceeds from issuance of treasury stock	32	28
Purchases of treasury stock, including employee shares withheld for tax obligations	(183)	(427)
Net cash used in financing activities from continuing operations	(300)	(696)
Net change in cash and cash equivalents from continuing operations	37	7
Net cash flows from discontinued operations provided by investing activities	0	50
Cash and cash equivalents, beginning balance	415	325
Cash and cash equivalents, ending balance	$ 452	$ 382

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements for the three months ended March 31, 2019 and 2018 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, 2018 . Certain prior period amounts have been reclassified to conform to current period presentation. Effective January 1, 2019, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016-02” ) , and its related amendments using the optional transition method applied to all leases. Prior period amounts have not been restated. Additional information about the Company’s lease policies and the related impact of the adoption is included in Notes 2 and 14 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.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements In June 2018, the Financial Accounting Standards Board (“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. 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 adopted ASU 2018-07 on January 1, 2019, and the adoption did not have any impact on its consolidated financial statements. In February 2016, the FASB issued 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 and statement of cash flow purposes, the standard retains the dual model with leases classified as either operating or finance. Operating leases result in straight-line expense while finance leases 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. ASU 2016-02 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842 ; ASU No. 2018-10, Codification Improvements to Topic 842 ; ASU No. 2018-11, Leases (Topic 842) - Targeted Improvements ; and ASU No. 2018-20, Narrow-Scope Improvements for Lessors . ASU No. 2018-11 provides an additional transition method allowing entities to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. For public entities, ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018. The Company adopted the new standard effective January 1, 2019 using the optional transition method in ASU 2018-11. Under this method, the Company has not adjusted its comparative period financial statements for the effects of the new standard or made the new, expanded required disclosures for periods prior to the effective date. The Company elected the package of practical expedients permitted under the transition guidance in ASU 2016-02 to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. The Company also elected the practical expedient not to separate the non-lease components of a contract from the lease component to which they relate. The adoption of the new lease standard resulted in the recognition of lease liabilities of $383 million and right-of-use assets of $343 million , which include the impact of existing deferred rents and tenant improvement allowances on the consolidated balance sheet as of January 1, 2019 for real and personal property operating leases. The adoption of ASU 2016-02 did not have a material impact on the Company’s consolidated statements of income or consolidated statements of cash flows. Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”), which aligns the requirements for capitalizing implementation costs incurred in a cloud computing hosting arrangement that is a service contract with the requirements under Accounting Standards Codification (“ASC”) 350 for capitalizing implementation costs incurred to develop or obtain internal-use software. For public entities, ASU 2018-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. Entities are permitted to apply either a retrospective or prospective transition approach to adopt the guidance. The Company is currently assessing the impact that the adoption of ASU 2018-15 will have on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which removes, modifies, and adds certain disclosure requirements of ASC Topic 820, Fair Value Measurement . ASU 2018-13 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2019, with the additional disclosures required to be applied prospectively and the modified and removed disclosures required to be applied retrospectively to all periods presented. Entities are permitted to early adopt the removed or modified disclosures and delay the adoption of the additional disclosures until the effective date. The Company is currently assessing the impact that the adoption of ASU 2018-13 will have 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.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition 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. 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 6% and 5% of total revenue in the three months ended March 31, 2019 and 2018 , respectively. (In millions) Reportable Segments Three Months Ended March 31, 2019 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 367 $ — $ — $ 367 Card and Related Services 469 — — 469 Other 78 — — 78 Total Payments 914 — — 914 Account and Item Processing — 533 — 533 Other — 65 — 65 Total Financial — 598 — 598 Corporate and Other — — (10 ) (10 ) Total Revenue $ 914 $ 598 $ (10 ) $ 1,502 (In millions) Reportable Segments Three Months Ended March 31, 2018 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 352 $ — $ — $ 352 Card and Related Services 414 — — 414 Other 76 — — 76 Total Payments 842 — — 842 Account and Item Processing — 506 — 506 Lending Solutions — 56 — 56 Other — 54 — 54 Total Financial — 616 — 616 Corporate and Other — — (18 ) (18 ) Total Revenue $ 842 $ 616 $ (18 ) $ 1,440 Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers. (In millions) March 31, 2019 December 31, 2018 Contract assets $ 184 $ 171 Contract liabilities 498 469 Contract assets, reported within other long-term assets in the consolidated balance sheets, 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 recognized $139 million of revenue during the three months ended March 31, 2019 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: March 31, 2019 2019 2020 2021 2022 Thereafter Processing and services $ 794 $ 876 $ 712 $ 520 $ 654 Product 26 31 22 12 11 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.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions On October 31, 2018, the Company acquired the debit card processing, ATM Managed Services, and MoneyPass® surcharge-free network of Elan Financial Services, a unit of U.S. Bancorp (“Elan”), for approximately $660 million . Such purchase price includes an initial cash payment of $691 million , less the receipt of post-closing working capital adjustments of $57 million in 2019 , plus contingent consideration related to earn-out provisions estimated at a fair value of $12 million and future payments under a transition services agreement estimated to be in excess of fair value of $14 million . This acquisition, included within the Payments segment, deepens the Company’s presence in debit card processing, broadens its client reach and scale, and provides new solutions to enhance the value proposition for its existing debit solution clients. The preliminary allocation of purchase price recorded for Elan was as follows: (In millions) Trade accounts receivable $ 20 Prepaid expenses and other current assets 94 Property and equipment 9 Intangible assets 353 Goodwill 240 Accounts payable and other current liabilities (56 ) Total purchase price $ 660 The amounts allocated to goodwill and intangible assets were based on preliminary valuations and are subject to final adjustment. Goodwill, expected to be deductible for tax purposes, is primarily attributed to synergies, including the migration of Elan’s clients to the Company’s debit platform, and the anticipated value created by selling the Company’s products and services outside of card payments to Elan’s existing client base. The values allocated to intangible assets are as follows: (In millions) Gross Carrying Amount Weighted-Average Useful Life Customer related intangible assets $ 350 15 years Trade name 3 8 years $ 353 15 years In conjunction with the acquisition, the Company entered into a transition services agreement for the provision of certain processing, network, administrative and managed services for a period of two years. The results of operations for Elan, consisting of $46 million of revenue and $9 million of operating income including $6 million of acquired intangible asset amortization, have been included within the accompanying consolidated statement of income for the three months ended March 31, 2019 . On January 16, 2019, the Company announced that it had entered into a definitive merger agreement to acquire First Data Corporation (“First Data”) in an all-stock transaction for an equity value of approximately $22 billion as of the announcement. The transaction is expected to close during the second half of 2019, subject to customary closing conditions and regulatory approvals. See Note 13 for a description of related debt financing activities.

Discontinued Operations Discont

Discontinued Operations Discontinued Operations	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	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 proceeds received during the three months ended March 31, 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 during the three months ended March 31, 2018 .

Investments in Unconsolidated A

Investments in Unconsolidated Affiliates	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Affiliates	Investments in Unconsolidated Affiliates 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. During the three months ended March 31, 2018 , the Company recognized a pre-tax gain on the sale of $232 million , with the related tax expense of $78 million recorded through the income tax provision, in the consolidated statements of income. The pre-tax gain included $124 million related to the remeasurement of the Company’s 45% retained interests based upon the estimated enterprise value of the Lending Joint Ventures. During the three months ended March 31, 2019 , the Company recognized a pre-tax gain on the sale of $10 million , with the related tax expense of $2 million recorded through the income tax provision, as contingent special distribution provisions within the transaction agreement were 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 (loss) reported as income (loss) from investments in unconsolidated affiliates and the related tax expense (benefit) reported within the income tax provision in the consolidated statements of income. The Company’s investment in the Lending Joint Ventures was $63 million and $65 million at March 31, 2019 and December 31, 2018 , respectively, and is reported within other long-term assets in the consolidated balance sheets. The revenues, expenses and cash flows of the Lending Joint Ventures after the sale transactions are not included in the Company’s consolidated financial statements. 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 March 31, 2019 . 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 sheets. Such guarantees will be amortized in future periods over the contractual term. During the three months ended March 31, 2019 , the Company recognized $1 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 $9 million during the three months ended March 31, 2019 , and were primarily recognized as processing and services revenue in the consolidated statement of income.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The Company recognized $19 million of share-based compensation expense in each of the three months ended March 31, 2019 and 2018 . The Company’s annual grant of share-based awards generally occurs in the first quarter. During the three months ended March 31, 2019 and 2018 , stock options to purchase 1.3 million and 1.6 million shares, respectively, were exercised. A summary of stock option, restricted stock unit and performance share unit grant activity is as follows: Three Months Ended 2019 2018 Shares Granted Weighted-Average Grant Date Fair Value Shares Granted Weighted-Average Grant Date Fair Value Stock options 1,171 $ 28.43 1,193 $ 22.40 Restricted stock units 317 84.34 374 69.77 Performance share units — — 165 75.39

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax provision as a percentage of income before loss from investments in unconsolidated affiliates was 11.9% and 24.9% in the three months ended March 31, 2019 and 2018 , respectively. The rate in the first quarter of 2019 includes discrete benefits due to a loss from subsidiary restructuring. The rate in the first quarter of 2018 included $78 million of income tax expense associated with the $232 million gain on the sale of a 55% interest of the Company’s Lending Solutions business (see Note 6).

Shares Used in Computing Net In

Shares Used in Computing Net Income Per Share	3 Months Ended
	Mar. 31, 2019
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 (In millions) 2019 2018 Weighted-average common shares outstanding used for the calculation of net income per share – basic 391.7 413.1 Common stock equivalents 7.4 8.5 Weighted-average common shares outstanding used for the calculation of net income per share – diluted 399.1 421.6 For the three months ended March 31, 2019 and 2018 , stock options for 1.4 million and 0.7 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	3 Months Ended
	Mar. 31, 2019
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 based on quoted prices in active markets for the Company’s senior notes (level 1 of the fair value hierarchy). The fair value of the Company’s revolving credit facility borrowings approximates carrying value as the underlying interest rate is variable based on LIBOR. The estimated fair value of total debt was $6.0 billion at both March 31, 2019 and December 31, 2018 . The estimated fair value of the treasury lock agreements (“Treasury Locks”) was based on forward U.S. Treasury interest rates (level 2 of the fair value hierarchy), which totaled $35 million at March 31, 2019 (see Note 16). The estimated fair value of the contingent consideration liability of $12 million at March 31, 2019 related to the acquisition of Elan (see Note 4 ) was based on the present value of a probability-weighted assessment approach derived from the likelihood of achieving the 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 (see Note 6) with the Lending Joint Ventures approximate the $28 million carrying values at March 31, 2019 (level 3 of the fair value hierarchy). The contingent consideration and debt guarantee liabilities are reported primarily in other long-term liabilities in the consolidated balance sheets.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Customer related intangible assets $ 2,642 $ 1,330 $ 1,312 Acquired software and technology 591 497 94 Trade names 120 72 48 Capitalized software development costs 846 331 515 Purchased software 266 118 148 Total $ 4,465 $ 2,348 $ 2,117 (In millions) Gross Carrying Amount Accumulated Amortization Net Book Value December 31, 2018 Customer related intangible assets $ 2,642 $ 1,294 $ 1,348 Acquired software and technology 591 490 101 Trade names 120 71 49 Capitalized software development costs 810 314 496 Purchased software 261 112 149 Total $ 4,424 $ 2,281 $ 2,143 The Company estimates that annual amortization expense with respect to acquired intangible assets recorded at March 31, 2019 , which include customer related intangible assets, acquired software and technology, and trade names, will be approximately $180 million in 2019 , $160 million in 2020 , $150 million in each of 2021 and 2022 , and $140 million in 2023 . Amortization expense with respect to capitalized and purchased software recorded at March 31, 2019 is estimated to approximate $210 million in 2019 .

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2019
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) March 31, December 31, Trade accounts payable $ 98 $ 127 Client deposits 583 564 Settlement obligations 498 480 Accrued compensation and benefits 112 199 Current operating lease liabilities 78 — Other accrued expenses 349 256 Total $ 1,718 $ 1,626

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-term Debt	Long-Term Debt On January 16, 2019, in connection with the definitive merger agreement to acquire First Data (see Note 4), the Company entered into a bridge facility commitment letter pursuant to which a group of financial institutions committed to provide a 364 -day senior unsecured bridge term loan facility in an aggregate principal amount of $17.0 billion for the purpose of refinancing certain indebtedness of First Data and its subsidiaries on the closing date of the merger, making cash payments in lieu of fractional shares as part of the merger consideration, and paying fees and expenses related to the merger, the refinancing and the related transactions. The Company recorded $59 million of expenses, reported within debt financing activities in the consolidated statement of income, related to the bridge term loan facility during the three months ended March 31, 2019 . There are no outstanding borrowings under the bridge term loan facility at March 31, 2019 . On February 6, 2019, the Company entered into an amendment to its amended and restated revolving credit facility to (i) amend the maximum leverage ratio covenant to permit it to elect to increase the permitted maximum leverage ratio from three and one-half times the Company’s consolidated net earnings before interest, taxes, depreciation, amortization, non-cash charges and expenses and certain other adjustments (“EBITDA”) to either four times or four and one-half times the Company’s EBITDA for a specified period following certain acquisitions and (ii) permit it to make drawings under the revolving credit facility on the closing date of its acquisition of First Data subject to only limited conditions. In addition, on February 15, 2019, the Company entered into a second amendment to its existing revolving credit agreement in order to increase the aggregate commitments available thereunder by $1.5 billion and to make certain additional amendments to facilitate the operation of the combined business following the acquisition of First Data. The increased commitments and additional amendments related to the revolving credit facility will become effective upon the satisfaction or waiver of conditions that are substantially similar to the conditions to funding under the term loan facility described below. On February 15, 2019, the Company entered into a new term loan credit agreement with a syndicate of financial institutions pursuant to which such financial institutions have committed to provide the Company with a senior unsecured term loan facility in an aggregate principal amount of $5.0 billion , consisting of $1.5 billion in commitments to provide loans with a three -year maturity and $3.5 billion in commitments to provide loans with a five -year maturity. The aggregate principal amount of the commitments under the term loan credit agreement have replaced a corresponding amount of the commitments in respect of the bridge facility in accordance with the terms of the bridge facility commitment letter. As a result, there are now $12.0 billion in bridge facility commitments remaining. The Company expects to replace these remaining commitments with permanent financing in the form of the issuance of debt securities prior to the closing of the acquisition of First Data. The availability of loans under the term loan facility is subject to the satisfaction or waiver of certain conditions that are substantially consistent with the conditions to the funding of the bridge facility, including (i) the closing of the acquisition substantially concurrently with the funding of such loans, (ii) the absence of a material adverse effect with respect to First Data since January 16, 2019, (iii) the truth and accuracy in all material respects of certain representations and warranties, (iv) the receipt of certain certificates, and (v) the receipt of certain financial statements. Loans drawn under the term loan facility will be subject to amortization at an annual rate of 5% for the first two years and 7.5% thereafter (with loans outstanding under the five-year tranche subject to amortization at an annual rate of 10% after the fourth anniversary of the commencement of amortization), with accrued and unpaid amortization amounts required to be paid on the last business day in December of each year. Borrowings under the term loan facility will bear interest at variable rates based on LIBOR or on a base rate plus, in each case, a specified margin based on the Company’s long-term debt rating in effect from time to time. The Company is also required to pay a ticking fee that will accrue on the aggregate undrawn commitments under the term loan facility at a per annum rate based upon the Company’s long-term debt rating in effect from time to time. The term loan credit agreement contains affirmative, negative and financial covenants, and events of default, that are substantially the same as those set forth in the Company’s existing revolving credit facility, as amended as described above.

Leases (Notes)

Leases (Notes)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases The Company adopted ASU 2016-02 and its related amendments (collectively known as “ASC 842”) effective January 1, 2019 using the optional transition method in ASU 2018-11. Therefore, the reported results for the three months ended March 31, 2019 reflect the application of ASC 842 while the reported results for the three months ended March 31, 2018 were not adjusted and continue to be reported under the accounting guidance, ASC 840, Leases (“ASC 840”), in effect for the prior period. The Company determines if an arrangement is a lease at inception. The lease term begins on the commencement date, which is the date the Company takes possession of the property, and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The lease term is used to determine lease classification as an operating or finance lease and is used to calculate straight-line lease expense for operating leases. The Company elected the package of practical expedients permitted under the transition guidance within ASU 2016-02 to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. As a practical expedient, lease agreements with lease and non-lease components are accounted for as a single lease component for all asset classes, which are comprised of real estate leases and equipment leases. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets also include prepaid lease payments and exclude lease incentives received. The Company estimates contingent lease incentives when it is probable that the Company is entitled to the incentive at lease commencement. As the Company’s leases typically do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date for both real estate and equipment leases. The determination of the incremental borrowing rate requires judgment. The Company determines the incremental borrowing rate using the Company’s current unsecured borrowing rate, adjusted for various factors such as collateralization and term to align with the terms of the lease. The Company elected the short-term lease recognition exemption for all leases that qualify. Therefore, leases with an initial term of 12 months or less are not recorded on the balance sheet; instead, lease payments are recognized as lease expense on a straight-line basis over the lease term. The Company leases certain office space, data centers, and equipment. The Company’s leases have remaining lease terms of 1 to 11 years. Most leases contain renewal options for varying periods, which are at the Company’s sole discretion. For leases where the Company is reasonably certain to exercise a renewal option, such option periods have been included in the determination of the Company’s ROU assets and lease liabilities. Certain leases require the Company to pay taxes, insurance, maintenance, and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the lease liability to the extent they are variable in nature. These variable lease costs are recognized as a variable lease expense when incurred. Certain leases include options to purchase the leased asset at the end of the lease term, which is assessed as a part of the Company’s lease classification determination. The depreciable life of the ROU assets and leasehold improvements are limited by the expected lease term unless the Company is reasonably certain of a transfer of title or purchase option. Lease Transactions During the Three Months Ended March 31, 2019 ( In millions ) March 31, 2019 Assets Operating lease assets (1) $ 343 Finance lease assets (2) 17 Total lease assets $ 360 Liabilities Current Operating lease liabilities (1) $ 78 Finance lease liabilities (2) 7 Noncurrent Operating lease liabilities (1) 304 Finance lease liabilities (2) 6 Total lease liabilities $ 395 (1) Operating lease assets are included within other long-term assets, and operating lease liabilities are included within accounts payable and accrued expenses (current portion) and other long-term liabilities (noncurrent portion) in the Company’s consolidated balance sheet. Operating lease assets are recorded net of accumulated amortization of $21 million as of March 31, 2019 . (2) Finance lease assets are included within property and equipment, net and finance lease liabilities are included within current maturities of long-term debt (current portion) and long-term debt (noncurrent portion) in the Company’s consolidated balance sheets. Finance lease assets are recorded net of accumulated amortization of $9 million as of March 31, 2019 . Components of Lease Cost ( In millions ) Three Months Ended March 31, 2019 Operating lease cost (1) $ 39 Finance lease cost (2) Amortization of right-of-use assets 1 Interest on lease liabilities — Total lease cost $ 40 (1) Operating lease expense is included within cost of processing and services, cost of product and selling, general & administrative expense, dependent upon the nature and use of the ROU asset, in the Company’s consolidated statements of income. Operating lease cost includes approximately $13 million of variable lease costs. (2) Finance lease expense is recorded as depreciation and amortization expense within cost of processing and services, cost of product and selling, general & administrative expense, dependent upon the nature and use of the ROU asset, and interest expense in the Company’s consolidated statements of income. Supplemental Cash Flow Information (In millions) Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 28 Operating cash flows from finance leases — Financing cash flows from finance leases 5 Right-of-use assets obtained in exchange for lease liabilities Operating leases $ 24 Finance leases 9 Lease Term and Discount Rate March 31, 2019 Weighted-average remaining lease term Operating leases 6 years Finance leases 3 years Weighted-average discount rate Operating leases 3.5 % Finance leases 3.8 % Maturity of Lease Liabilities under ASC 842 Future minimum rental payments on leases with initial non-cancellable lease terms in excess of one year were due as follows at March 31, 2019: (In millions) Year ending December 31, Operating Leases (1) Finance Leases 2019 $ 69 $ 2 2020 77 5 2021 65 6 2022 53 — 2023 42 — Thereafter 123 — Total lease payments 429 13 Less: Interest (47 ) — Present value of lease liabilities $ 382 $ 13 (1) Operating lease payments include $32 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $8 million of legally binding minimum lease payments for leases signed but not yet commenced. Operating leases that have been signed but not yet commenced are for equipment and will commence in 2019 with lease terms of 3 to 7 years. Maturity of Lease Liabilities under ASC 840 Future minimum rental payments on operating leases with initial non-cancellable lease terms in excess of one year were due as follows at December 31, 2018: (In millions) Year ending December 31, 2019 $ 94 2020 75 2021 62 2022 51 2023 40 Thereafter 108 Total $ 430 Rent expense for all operating leases was $118 million and $126 million during the year ended December 31, 2018 and 2017 , respectively.
Leases	Leases The Company adopted ASU 2016-02 and its related amendments (collectively known as “ASC 842”) effective January 1, 2019 using the optional transition method in ASU 2018-11. Therefore, the reported results for the three months ended March 31, 2019 reflect the application of ASC 842 while the reported results for the three months ended March 31, 2018 were not adjusted and continue to be reported under the accounting guidance, ASC 840, Leases (“ASC 840”), in effect for the prior period. The Company determines if an arrangement is a lease at inception. The lease term begins on the commencement date, which is the date the Company takes possession of the property, and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The lease term is used to determine lease classification as an operating or finance lease and is used to calculate straight-line lease expense for operating leases. The Company elected the package of practical expedients permitted under the transition guidance within ASU 2016-02 to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. As a practical expedient, lease agreements with lease and non-lease components are accounted for as a single lease component for all asset classes, which are comprised of real estate leases and equipment leases. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets also include prepaid lease payments and exclude lease incentives received. The Company estimates contingent lease incentives when it is probable that the Company is entitled to the incentive at lease commencement. As the Company’s leases typically do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date for both real estate and equipment leases. The determination of the incremental borrowing rate requires judgment. The Company determines the incremental borrowing rate using the Company’s current unsecured borrowing rate, adjusted for various factors such as collateralization and term to align with the terms of the lease. The Company elected the short-term lease recognition exemption for all leases that qualify. Therefore, leases with an initial term of 12 months or less are not recorded on the balance sheet; instead, lease payments are recognized as lease expense on a straight-line basis over the lease term. The Company leases certain office space, data centers, and equipment. The Company’s leases have remaining lease terms of 1 to 11 years. Most leases contain renewal options for varying periods, which are at the Company’s sole discretion. For leases where the Company is reasonably certain to exercise a renewal option, such option periods have been included in the determination of the Company’s ROU assets and lease liabilities. Certain leases require the Company to pay taxes, insurance, maintenance, and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the lease liability to the extent they are variable in nature. These variable lease costs are recognized as a variable lease expense when incurred. Certain leases include options to purchase the leased asset at the end of the lease term, which is assessed as a part of the Company’s lease classification determination. The depreciable life of the ROU assets and leasehold improvements are limited by the expected lease term unless the Company is reasonably certain of a transfer of title or purchase option. Lease Transactions During the Three Months Ended March 31, 2019 ( In millions ) March 31, 2019 Assets Operating lease assets (1) $ 343 Finance lease assets (2) 17 Total lease assets $ 360 Liabilities Current Operating lease liabilities (1) $ 78 Finance lease liabilities (2) 7 Noncurrent Operating lease liabilities (1) 304 Finance lease liabilities (2) 6 Total lease liabilities $ 395 (1) Operating lease assets are included within other long-term assets, and operating lease liabilities are included within accounts payable and accrued expenses (current portion) and other long-term liabilities (noncurrent portion) in the Company’s consolidated balance sheet. Operating lease assets are recorded net of accumulated amortization of $21 million as of March 31, 2019 . (2) Finance lease assets are included within property and equipment, net and finance lease liabilities are included within current maturities of long-term debt (current portion) and long-term debt (noncurrent portion) in the Company’s consolidated balance sheets. Finance lease assets are recorded net of accumulated amortization of $9 million as of March 31, 2019 . Components of Lease Cost ( In millions ) Three Months Ended March 31, 2019 Operating lease cost (1) $ 39 Finance lease cost (2) Amortization of right-of-use assets 1 Interest on lease liabilities — Total lease cost $ 40 (1) Operating lease expense is included within cost of processing and services, cost of product and selling, general & administrative expense, dependent upon the nature and use of the ROU asset, in the Company’s consolidated statements of income. Operating lease cost includes approximately $13 million of variable lease costs. (2) Finance lease expense is recorded as depreciation and amortization expense within cost of processing and services, cost of product and selling, general & administrative expense, dependent upon the nature and use of the ROU asset, and interest expense in the Company’s consolidated statements of income. Supplemental Cash Flow Information (In millions) Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 28 Operating cash flows from finance leases — Financing cash flows from finance leases 5 Right-of-use assets obtained in exchange for lease liabilities Operating leases $ 24 Finance leases 9 Lease Term and Discount Rate March 31, 2019 Weighted-average remaining lease term Operating leases 6 years Finance leases 3 years Weighted-average discount rate Operating leases 3.5 % Finance leases 3.8 % Maturity of Lease Liabilities under ASC 842 Future minimum rental payments on leases with initial non-cancellable lease terms in excess of one year were due as follows at March 31, 2019: (In millions) Year ending December 31, Operating Leases (1) Finance Leases 2019 $ 69 $ 2 2020 77 5 2021 65 6 2022 53 — 2023 42 — Thereafter 123 — Total lease payments 429 13 Less: Interest (47 ) — Present value of lease liabilities $ 382 $ 13 (1) Operating lease payments include $32 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $8 million of legally binding minimum lease payments for leases signed but not yet commenced. Operating leases that have been signed but not yet commenced are for equipment and will commence in 2019 with lease terms of 3 to 7 years. Maturity of Lease Liabilities under ASC 840 Future minimum rental payments on operating leases with initial non-cancellable lease terms in excess of one year were due as follows at December 31, 2018: (In millions) Year ending December 31, 2019 $ 94 2020 75 2021 62 2022 51 2023 40 Thereafter 108 Total $ 430 Rent expense for all operating leases was $118 million and $126 million during the year ended December 31, 2018 and 2017 , respectively.

Shareholders' Equity (Notes)

Shareholders' Equity (Notes)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity The following tables provide changes in shareholders’ equity during the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, 2019 Number of Shares Amount (In millions) Common Shares Treasury Shares Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss Retained Earnings Treasury Stock Total Equity Balance at December 31, 2018 791 399 $ 8 $ 1,057 $ (67 ) $ 11,635 $ (10,340 ) $ 2,293 Net income 225 225 Other comprehensive loss (18 ) (18 ) Share-based compensation 19 19 Shares issued under stock plans (2 ) (42 ) 37 (5 ) Purchases of treasury stock 2 (120 ) (120 ) Balance at March 31, 2019 791 399 $ 8 $ 1,034 $ (85 ) $ 11,860 $ (10,423 ) $ 2,394 Three Months Ended March 31, 2018 Number of Shares Amount (In millions) Common Shares Treasury Shares Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss Retained Earnings Treasury Stock Total Equity Balance at December 31, 2017 791 376 $ 8 $ 1,031 $ (54 ) $ 10,240 $ (8,494 ) $ 2,731 Net income 423 423 Other comprehensive loss (2 ) (2 ) Share-based compensation 19 19 Shares issued under stock plans (2 ) (45 ) 35 (10 ) Purchases of treasury stock 6 (398 ) (398 ) Cumulative-effect adjustment of ASU 2014-09 adoption 208 208 Cumulative-effect adjustment of ASU 2017-12 adoption 3 (3 ) — Cumulative-effect adjustment of ASU 2018-02 adoption (3 ) 3 — Balance at March 31, 2018 791 380 $ 8 $ 1,005 $ (56 ) $ 10,871 $ (8,857 ) $ 2,971

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2019
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, 2018 $ (16 ) $ (49 ) $ (2 ) $ (67 ) Other comprehensive loss before reclassifications (23 ) 4 — (19 ) Amounts reclassified from accumulated other comprehensive loss 1 — — 1 Net current-period other comprehensive loss (22 ) 4 — (18 ) Balance at March 31, 2019 $ (38 ) $ (45 ) $ (2 ) $ (85 ) (In millions) Cash Flow Hedges Foreign Currency Translation Other Total Balance at December 31, 2017 $ (14 ) $ (38 ) $ (2 ) $ (54 ) Other comprehensive loss before reclassifications (1 ) — — (1 ) Amounts reclassified from accumulated other comprehensive loss (1 ) — — (1 ) Net current-period other comprehensive loss (2 ) — — (2 ) 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 March 31, 2018 $ (16 ) $ (38 ) $ (2 ) $ (56 ) Based on the amounts recorded in accumulated other comprehensive loss at March 31, 2019 , 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 and 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 March 31, 2019 , the notional amount of these derivatives was $214 million , and the fair value totaling $4 million is reported in prepaid expenses and other current assets in the consolidated balance sheet. As of December 31, 2018 , the notional amount of these derivatives was $202 million , and the fair value was nominal. Based on the amounts recorded in accumulated other comprehensive loss at March 31, 2019 , 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. In March 2019, the Company entered into Treasury Locks, designated as cash flow hedges, in the aggregate notional amount of $5 billion to manage exposure to fluctuations in benchmark interest rates in anticipation of the possible issuance of fixed rate debt in connection with the refinancing of certain indebtedness of First Data and its subsidiaries (see Note 13). The fair value of the Treasury Locks, which totaled $35 million at March 31, 2019 was recorded primarily within accounts payable and accrued expenses in the consolidated balance sheet with a corresponding amount recorded in accumulated other comprehensive loss, net of income taxes.

Cash Flow Information

Cash Flow Information	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information	Cash Flow Information Supplemental cash flow information consisted of the following: Three Months Ended (In millions) 2019 2018 Interest paid $ 11 $ 12 Income taxes paid 9 8 Treasury stock purchases settled after the balance sheet date — 14

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Processing and services revenue $ 726 $ 554 $ 13 $ 1,293 Product revenue 188 44 (23 ) 209 Total revenue $ 914 $ 598 $ (10 ) $ 1,502 Operating income $ 287 $ 199 $ (113 ) $ 373 Three Months Ended March 31, 2018 Processing and services revenue $ 653 $ 582 $ 3 $ 1,238 Product revenue 189 34 (21 ) 202 Total revenue $ 842 $ 616 $ (18 ) $ 1,440 Operating income $ 271 $ 202 $ 135 $ 608 Goodwill in the Payments segment was $4.0 billion as of both March 31, 2019 and December 31, 2018 . Goodwill in the Financial segment was $1.7 billion as of both March 31, 2019 and December 31, 2018 .

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
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 June 2018, the Financial Accounting Standards Board (“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. 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 adopted ASU 2018-07 on January 1, 2019, and the adoption did not have any impact on its consolidated financial statements. In February 2016, the FASB issued 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 and statement of cash flow purposes, the standard retains the dual model with leases classified as either operating or finance. Operating leases result in straight-line expense while finance leases 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. ASU 2016-02 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842 ; ASU No. 2018-10, Codification Improvements to Topic 842 ; ASU No. 2018-11, Leases (Topic 842) - Targeted Improvements ; and ASU No. 2018-20, Narrow-Scope Improvements for Lessors . ASU No. 2018-11 provides an additional transition method allowing entities to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. For public entities, ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018. The Company adopted the new standard effective January 1, 2019 using the optional transition method in ASU 2018-11. Under this method, the Company has not adjusted its comparative period financial statements for the effects of the new standard or made the new, expanded required disclosures for periods prior to the effective date. The Company elected the package of practical expedients permitted under the transition guidance in ASU 2016-02 to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. The Company also elected the practical expedient not to separate the non-lease components of a contract from the lease component to which they relate. The adoption of the new lease standard resulted in the recognition of lease liabilities of $383 million and right-of-use assets of $343 million , which include the impact of existing deferred rents and tenant improvement allowances on the consolidated balance sheet as of January 1, 2019 for real and personal property operating leases. The adoption of ASU 2016-02 did not have a material impact on the Company’s consolidated statements of income or consolidated statements of cash flows. Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”), which aligns the requirements for capitalizing implementation costs incurred in a cloud computing hosting arrangement that is a service contract with the requirements under Accounting Standards Codification (“ASC”) 350 for capitalizing implementation costs incurred to develop or obtain internal-use software. For public entities, ASU 2018-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted. Entities are permitted to apply either a retrospective or prospective transition approach to adopt the guidance. The Company is currently assessing the impact that the adoption of ASU 2018-15 will have on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which removes, modifies, and adds certain disclosure requirements of ASC Topic 820, Fair Value Measurement . ASU 2018-13 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2019, with the additional disclosures required to be applied prospectively and the modified and removed disclosures required to be applied retrospectively to all periods presented. Entities are permitted to early adopt the removed or modified disclosures and delay the adoption of the additional disclosures until the effective date. The Company is currently assessing the impact that the adoption of ASU 2018-13 will have 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.
Revenue from Contract with Customer, Policy	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. 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 assets, reported within other long-term assets in the consolidated balance sheets, 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.
Leases, Policy	The Company determines if an arrangement is a lease at inception. The lease term begins on the commencement date, which is the date the Company takes possession of the property, and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The lease term is used to determine lease classification as an operating or finance lease and is used to calculate straight-line lease expense for operating leases. The Company elected the package of practical expedients permitted under the transition guidance within ASU 2016-02 to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. As a practical expedient, lease agreements with lease and non-lease components are accounted for as a single lease component for all asset classes, which are comprised of real estate leases and equipment leases. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets also include prepaid lease payments and exclude lease incentives received. The Company estimates contingent lease incentives when it is probable that the Company is entitled to the incentive at lease commencement. As the Company’s leases typically do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date for both real estate and equipment leases. The determination of the incremental borrowing rate requires judgment. The Company determines the incremental borrowing rate using the Company’s current unsecured borrowing rate, adjusted for various factors such as collateralization and term to align with the terms of the lease. The Company elected the short-term lease recognition exemption for all leases that qualify. Therefore, leases with an initial term of 12 months or less are not recorded on the balance sheet; instead, lease payments are recognized as lease expense on a straight-line basis over the lease term. The Company leases certain office space, data centers, and equipment. The Company’s leases have remaining lease terms of 1 to 11 years. Most leases contain renewal options for varying periods, which are at the Company’s sole discretion. For leases where the Company is reasonably certain to exercise a renewal option, such option periods have been included in the determination of the Company’s ROU assets and lease liabilities. Certain leases require the Company to pay taxes, insurance, maintenance, and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the lease liability to the extent they are variable in nature. These variable lease costs are recognized as a variable lease expense when incurred. Certain leases include options to purchase the leased asset at the end of the lease term, which is assessed as a part of the Company’s lease classification determination. The depreciable life of the ROU assets and leasehold improvements are limited by the expected lease term unless the Company is reasonably certain of a transfer of title or purchase option.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
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 6% and 5% of total revenue in the three months ended March 31, 2019 and 2018 , respectively. (In millions) Reportable Segments Three Months Ended March 31, 2019 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 367 $ — $ — $ 367 Card and Related Services 469 — — 469 Other 78 — — 78 Total Payments 914 — — 914 Account and Item Processing — 533 — 533 Other — 65 — 65 Total Financial — 598 — 598 Corporate and Other — — (10 ) (10 ) Total Revenue $ 914 $ 598 $ (10 ) $ 1,502 (In millions) Reportable Segments Three Months Ended March 31, 2018 Payments Financial Corporate and Other Total Major Business Digital Money Movement $ 352 $ — $ — $ 352 Card and Related Services 414 — — 414 Other 76 — — 76 Total Payments 842 — — 842 Account and Item Processing — 506 — 506 Lending Solutions — 56 — 56 Other — 54 — 54 Total Financial — 616 — 616 Corporate and Other — — (18 ) (18 ) Total Revenue $ 842 $ 616 $ (18 ) $ 1,440
Contract with customer, asset and liabilities	The following table provides information about contract assets and contract liabilities from contracts with customers. (In millions) March 31, 2019 December 31, 2018 Contract assets $ 184 $ 171 Contract liabilities 498 469
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: March 31, 2019 2019 2020 2021 2022 Thereafter Processing and services $ 794 $ 876 $ 712 $ 520 $ 654 Product 26 31 22 12 11

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of purchase price allocation	The preliminary allocation of purchase price recorded for Elan was as follows: (In millions) Trade accounts receivable $ 20 Prepaid expenses and other current assets 94 Property and equipment 9 Intangible assets 353 Goodwill 240 Accounts payable and other current liabilities (56 ) Total purchase price $ 660
Schedule of gross carrying amount and weighted-average useful life allocated to intangible assets	The values allocated to intangible assets are as follows: (In millions) Gross Carrying Amount Weighted-Average Useful Life Customer related intangible assets $ 350 15 years Trade name 3 8 years $ 353 15 years

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
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: Three Months Ended 2019 2018 Shares Granted Weighted-Average Grant Date Fair Value Shares Granted Weighted-Average Grant Date Fair Value Stock options 1,171 $ 28.43 1,193 $ 22.40 Restricted stock units 317 84.34 374 69.77 Performance share units — — 165 75.39

Shares Used in Computing Net _2

Shares Used in Computing Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
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 (In millions) 2019 2018 Weighted-average common shares outstanding used for the calculation of net income per share – basic 391.7 413.1 Common stock equivalents 7.4 8.5 Weighted-average common shares outstanding used for the calculation of net income per share – diluted 399.1 421.6

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Customer related intangible assets $ 2,642 $ 1,330 $ 1,312 Acquired software and technology 591 497 94 Trade names 120 72 48 Capitalized software development costs 846 331 515 Purchased software 266 118 148 Total $ 4,465 $ 2,348 $ 2,117 (In millions) Gross Carrying Amount Accumulated Amortization Net Book Value December 31, 2018 Customer related intangible assets $ 2,642 $ 1,294 $ 1,348 Acquired software and technology 591 490 101 Trade names 120 71 49 Capitalized software development costs 810 314 496 Purchased software 261 112 149 Total $ 4,424 $ 2,281 $ 2,143

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	Accounts payable and accrued expenses consisted of the following: (In millions) March 31, December 31, Trade accounts payable $ 98 $ 127 Client deposits 583 564 Settlement obligations 498 480 Accrued compensation and benefits 112 199 Current operating lease liabilities 78 — Other accrued expenses 349 256 Total $ 1,718 $ 1,626

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Balance Sheet Classification of Lease Assets and Liabilities	( In millions ) March 31, 2019 Assets Operating lease assets (1) $ 343 Finance lease assets (2) 17 Total lease assets $ 360 Liabilities Current Operating lease liabilities (1) $ 78 Finance lease liabilities (2) 7 Noncurrent Operating lease liabilities (1) 304 Finance lease liabilities (2) 6 Total lease liabilities $ 395
Schedule of Cost, Supplemental Cash Flow and Other Information Related to Leases	Components of Lease Cost ( In millions ) Three Months Ended March 31, 2019 Operating lease cost (1) $ 39 Finance lease cost (2) Amortization of right-of-use assets 1 Interest on lease liabilities — Total lease cost $ 40 (1) Operating lease expense is included within cost of processing and services, cost of product and selling, general & administrative expense, dependent upon the nature and use of the ROU asset, in the Company’s consolidated statements of income. Operating lease cost includes approximately $13 million of variable lease costs. (2) Finance lease expense is recorded as depreciation and amortization expense within cost of processing and services, cost of product and selling, general & administrative expense, dependent upon the nature and use of the ROU asset, and interest expense in the Company’s consolidated statements of income. Supplemental Cash Flow Information (In millions) Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 28 Operating cash flows from finance leases — Financing cash flows from finance leases 5 Right-of-use assets obtained in exchange for lease liabilities Operating leases $ 24 Finance leases 9 Lease Term and Discount Rate March 31, 2019 Weighted-average remaining lease term Operating leases 6 years Finance leases 3 years Weighted-average discount rate Operating leases 3.5 % Finance leases 3.8 %
Operating Lease Maturity under ASC 842	Future minimum rental payments on leases with initial non-cancellable lease terms in excess of one year were due as follows at March 31, 2019: (In millions) Year ending December 31, Operating Leases (1) Finance Leases 2019 $ 69 $ 2 2020 77 5 2021 65 6 2022 53 — 2023 42 — Thereafter 123 — Total lease payments 429 13 Less: Interest (47 ) — Present value of lease liabilities $ 382 $ 13 (1) Operating lease payments include $32 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $8 million of legally binding minimum lease payments for leases signed but not yet commenced. Operating leases that have been signed but not yet commenced are for equipment and will commence in 2019 with lease terms of 3 to 7 years.
Finance Lease Maturity under ASC 842	Future minimum rental payments on leases with initial non-cancellable lease terms in excess of one year were due as follows at March 31, 2019: (In millions) Year ending December 31, Operating Leases (1) Finance Leases 2019 $ 69 $ 2 2020 77 5 2021 65 6 2022 53 — 2023 42 — Thereafter 123 — Total lease payments 429 13 Less: Interest (47 ) — Present value of lease liabilities $ 382 $ 13 (1) Operating lease payments include $32 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $8 million of legally binding minimum lease payments for leases signed but not yet commenced. Operating leases that have been signed but not yet commenced are for equipment and will commence in 2019 with lease terms of 3 to 7 years.
Operating Lease Maturity under ASC 840	Future minimum rental payments on operating leases with initial non-cancellable lease terms in excess of one year were due as follows at December 31, 2018: (In millions) Year ending December 31, 2019 $ 94 2020 75 2021 62 2022 51 2023 40 Thereafter 108 Total $ 430

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Stockholders Equity	The following tables provide changes in shareholders’ equity during the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, 2019 Number of Shares Amount (In millions) Common Shares Treasury Shares Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss Retained Earnings Treasury Stock Total Equity Balance at December 31, 2018 791 399 $ 8 $ 1,057 $ (67 ) $ 11,635 $ (10,340 ) $ 2,293 Net income 225 225 Other comprehensive loss (18 ) (18 ) Share-based compensation 19 19 Shares issued under stock plans (2 ) (42 ) 37 (5 ) Purchases of treasury stock 2 (120 ) (120 ) Balance at March 31, 2019 791 399 $ 8 $ 1,034 $ (85 ) $ 11,860 $ (10,423 ) $ 2,394 Three Months Ended March 31, 2018 Number of Shares Amount (In millions) Common Shares Treasury Shares Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss Retained Earnings Treasury Stock Total Equity Balance at December 31, 2017 791 376 $ 8 $ 1,031 $ (54 ) $ 10,240 $ (8,494 ) $ 2,731 Net income 423 423 Other comprehensive loss (2 ) (2 ) Share-based compensation 19 19 Shares issued under stock plans (2 ) (45 ) 35 (10 ) Purchases of treasury stock 6 (398 ) (398 ) Cumulative-effect adjustment of ASU 2014-09 adoption 208 208 Cumulative-effect adjustment of ASU 2017-12 adoption 3 (3 ) — Cumulative-effect adjustment of ASU 2018-02 adoption (3 ) 3 — Balance at March 31, 2018 791 380 $ 8 $ 1,005 $ (56 ) $ 10,871 $ (8,857 ) $ 2,971

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2018 $ (16 ) $ (49 ) $ (2 ) $ (67 ) Other comprehensive loss before reclassifications (23 ) 4 — (19 ) Amounts reclassified from accumulated other comprehensive loss 1 — — 1 Net current-period other comprehensive loss (22 ) 4 — (18 ) Balance at March 31, 2019 $ (38 ) $ (45 ) $ (2 ) $ (85 ) (In millions) Cash Flow Hedges Foreign Currency Translation Other Total Balance at December 31, 2017 $ (14 ) $ (38 ) $ (2 ) $ (54 ) Other comprehensive loss before reclassifications (1 ) — — (1 ) Amounts reclassified from accumulated other comprehensive loss (1 ) — — (1 ) Net current-period other comprehensive loss (2 ) — — (2 ) 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 March 31, 2018 $ (16 ) $ (38 ) $ (2 ) $ (56 )

Cash Flow Information (Tables)

Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow information	Supplemental cash flow information consisted of the following: Three Months Ended (In millions) 2019 2018 Interest paid $ 11 $ 12 Income taxes paid 9 8 Treasury stock purchases settled after the balance sheet date — 14

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of segment reporting information	(In millions) Payments Financial Corporate and Other Total Three Months Ended March 31, 2019 Processing and services revenue $ 726 $ 554 $ 13 $ 1,293 Product revenue 188 44 (23 ) 209 Total revenue $ 914 $ 598 $ (10 ) $ 1,502 Operating income $ 287 $ 199 $ (113 ) $ 373 Three Months Ended March 31, 2018 Processing and services revenue $ 653 $ 582 $ 3 $ 1,238 Product revenue 189 34 (21 ) 202 Total revenue $ 842 $ 616 $ (18 ) $ 1,440 Operating income $ 271 $ 202 $ 135 $ 608

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, liability	$ 382
Operating lease, right-of-use asset	$ 343
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, liability		$ 383
Operating lease, right-of-use asset		$ 343

Revenue Recognition (Details)

Revenue Recognition (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue recognized which was included in the contract liability balance	$ 139
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 ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 1,502	$ 1,440
Digital Money Movement
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	367	352
Card and Related Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	469	414
Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	78	76
Total Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	914	842
Account and Item Processing
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	533	506
Lending Solutions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		56
Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	65	54
Total Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	598	616
Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	914	842
Payments | Digital Money Movement
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	367	352
Payments | Card and Related Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	469	414
Payments | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	78	76
Payments | Total Payments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	914	842
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	598	616
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	533	506
Financial | Lending Solutions
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		56
Financial | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	65	54
Financial | Total Financial
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	598	616
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	(10)	(18)
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	6.00%	5.00%

Revenue Recognition - Contract

Revenue Recognition - Contract with Customer, Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract assets	$ 184	$ 171
Contract liabilities	$ 498	$ 469

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 794
Performance obligations expected to be satisfied, expected timing	9 months
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	$ 876
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	$ 712
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	$ 520
Performance obligations expected to be satisfied, expected timing	1 year
Processing and services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 654
Performance obligations expected to be satisfied, expected timing
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 26
Performance obligations expected to be satisfied, expected timing	9 months
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	$ 31
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	$ 22
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	$ 12
Performance obligations expected to be satisfied, expected timing	1 year
Product | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 11
Performance obligations expected to be satisfied, expected timing

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Jan. 16, 2019	Oct. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Business Acquisition [Line Items]
Cash purchase price			$ (56)	$ 0
Elan Financial Services
Business Acquisition [Line Items]
Payments for acquisitions of businesses		$ 660
Cash purchase price		691
Working capital adjustments		57
Earn-out provisions, fair value		12
Future payments under a transition services agreement		$ 14
Transition services agreement term			2 years
Revenue of acquiree since acquisition date			$ 46
Impact to operating income of acquiree since acquisition date			9
Acquired intangible asset amortization			$ 6
First Data
Business Acquisition [Line Items]
Consideration transferred, equity value	$ 22,000

Acquisitions - Purchase Price A

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Oct. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 5,703	$ 5,702
Elan Financial Services
Business Acquisition [Line Items]
Trade accounts receivable			$ 20
Prepaid expenses and other current assets			94
Property and equipment			9
Intangible assets			353
Goodwill			240
Accounts payable and other current liabilities			(56)
Total purchase price			$ 660

Acquisitions - Gross Carrying A

Acquisitions - Gross Carrying Amount and Weighted-Average Useful Life Allocated to Intangible Assets (Details) - Elan Financial Services $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Business Acquisition [Line Items]
Gross Carrying Amount	$ 353
Weighted-Average Useful Life	15 years
Customer related intangible assets
Business Acquisition [Line Items]
Gross Carrying Amount	$ 350
Weighted-Average Useful Life	15 years
Trade name
Business Acquisition [Line Items]
Gross Carrying Amount	$ 3
Weighted-Average Useful Life	8 years

Discontinued Operations (Detail

Discontinued Operations (Details) - Jan. 10, 2018 £ in Millions, $ in Millions	GBP (£)	USD ($)
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	£ 37	$ 50

Investments in Unconsolidated_2

Investments in Unconsolidated Affiliates (Details) - USD ($)	Mar. 29, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Mar. 28, 2018
Schedule of Equity Method Investments [Line Items]
Proceeds from sale of business		$ 0	$ 419,000,000
Gain on sale of businesses		10,000,000	232,000,000
Long-term liability		446,000,000		$ 170,000,000
Non-operating income		3,000,000	0
Processing and services		1,293,000,000	$ 1,238,000,000
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 business	$ 419,000,000
Gain on sale of businesses		10,000,000	$ 232,000,000
Gain on sale of businesses, tax		2,000,000	78,000,000
Remeasurement of retained interests	$ 124,000,000
Percentage of interest owned in affiliate	45.00%
Investment in affiliate		63,000,000		$ 65,000,000
Long-term liability			$ 34,000,000
Non-operating income		1,000,000
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		$ 9,000,000

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 19	$ 19
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, stock options, exercised (in shares)	1.3	1.6

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Stock Options (Details) - $ / shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, stock options, granted (in shares)	1,171	1,193
Share-based awards, stock options, weighted-average grant date fair value (in dollars per share)	$ 28.43	$ 22.40
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, restricted stock units, granted (in shares)	317	374
Share-based awards, restricted stock units, weighted-average grant date fair values (in dollar per share)	$ 84.34	$ 69.77
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards, restricted stock units, granted (in shares)	0	165
Share-based awards, restricted stock units, weighted-average grant date fair values (in dollar per share)	$ 0	$ 75.39

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax provision before income from investment in unconsolidated affiliate	11.90%	24.90%
Schedule of Equity Method Investments [Line Items]
Pre-tax gain on sale	$ 10	$ 232
Financial | Lending Solutions Business
Schedule of Equity Method Investments [Line Items]
Gain on sale of businesses, tax	2	78
Pre-tax gain on sale	$ 10	$ 232
Controlling interest sold		55.00%

Shares Used in Computing Net _3

Shares Used in Computing Net Income Per Share - Schedule of Weighted-Average Number of Shares (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Weighted-average common shares outstanding used for the calculation of net income per share – basic	391.7	413.1
Common stock equivalents (in shares)	7.4	8.5
Weighted-average common shares outstanding used for the calculation of net income per share – diluted	399.1	421.6

Shares Used in Computing Net _4

Shares Used in Computing Net Income Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Stock options excluded from the calculation of diluted weighted-average outstanding shares because their impact was anti-dilutive (in shares)	1.4	0.7

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Investment [Line Items]
Fair value of total debt			$ 6,000
Non-operating income	$ 3	$ 0
Fair Value, Inputs, Level 1
Investment [Line Items]
Fair value of total debt	6,000
Fair Value, Inputs, Level 2
Investment [Line Items]
Derivative liability, fair value	35
Fair Value, Inputs, Level 3
Investment [Line Items]
Contingent consideration liability, fair value	12
Fair value of line of credit	$ 28

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets by Class (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,465	$ 4,424
Accumulated Amortization	2,348	2,281
Net Book Value	2,117	2,143
Customer related intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,642	2,642
Accumulated Amortization	1,330	1,294
Net Book Value	1,312	1,348
Acquired software and technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	591	591
Accumulated Amortization	497	490
Net Book Value	94	101
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	120	120
Accumulated Amortization	72	71
Net Book Value	48	49
Capitalized software development costs
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	846	810
Accumulated Amortization	331	314
Net Book Value	515	496
Purchased software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	266	261
Accumulated Amortization	118	112
Net Book Value	$ 148	$ 149

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) $ in Millions	Mar. 31, 2019USD ($)
Acquired intangible assets
Finite-Lived Intangible Assets [Line Items]
Estimated annual amortization expense in 2019	$ 180
Estimated annual amortization expense in 2020	160
Estimated annual amortization expense in 2021	150
Estimated annual amortization expense in 2022	150
Estimated annual amortization expense in 2023	140
Capitalized and purchased software
Finite-Lived Intangible Assets [Line Items]
Estimated annual amortization expense in 2019	$ 210

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Trade accounts payable	$ 98	$ 127
Client deposits	583	564
Settlement obligations	498	480
Accrued compensation and benefits	112	199
Current operating lease liabilities	78
Other accrued expenses	349	256
Total	$ 1,718	$ 1,626

Long-Term Debt (Details)

Long-Term Debt (Details) $ in Millions	Feb. 15, 2019USD ($)	Feb. 06, 2019	Feb. 05, 2019	Jan. 16, 2019USD ($)	Mar. 31, 2019USD ($)
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Debt instrument terms for line of credit,debt to income ratio			3.5
Revolving credit, increase limit	$ 1,500
Term Loan Facility | Line of Credit | Senior Unsecured Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	5,000
Term Loan Facility | Line of Credit | Senior Unsecured Term Loan Facility, Loans With Three Year Maturity
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,500
Debt term	3 years
Term Loan Facility | Line of Credit | Senior Unsecured Term Loan Facility, Loans With Five Year Maturity
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,500
Debt term	5 years
Line of Credit | Bridge Loan | Senior Unsecured Bridge Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 17,000
Debt costs					$ 59
Debt term				364 days
Remaining borrowing capacity	$ 12,000
Debt Instrument, Option, One | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Debt instrument terms for line of credit,debt to income ratio		4
Debt Instrument, Option, Two | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Debt instrument terms for line of credit,debt to income ratio		4.5
Debt Instrument, Amortization, Period One | Term Loan Facility | Line of Credit | Senior Unsecured Term Loan Facility
Debt Instrument [Line Items]
Amortization rate	5.00%
Debt Instrument, Amortization, Period Two | Term Loan Facility | Line of Credit | Senior Unsecured Term Loan Facility
Debt Instrument [Line Items]
Amortization rate	7.50%
Debt Instrument, Amortization, Period Three | Term Loan Facility | Line of Credit | Senior Unsecured Term Loan Facility
Debt Instrument [Line Items]
Amortization rate	10.00%

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessee, Lease, Description [Line Items]
Operating leases, rent expense		$ 118	$ 126
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	11 years

Leases - Balance Sheet Classifi

Leases - Balance Sheet Classification of Lease Assets and Liabilities (Details) $ in Millions	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease assets	$ 343
Finance lease assets	17
Total lease assets	360
Current operating lease liabilities	78
Current finance lease liabilities	7
Noncurrent operating lease liabilities	304
Noncurrent finance lease liabilities	6
Total lease liabilities	395
Operating lease assets, net of accumulated amortization	21
Finance lease assets, net of accumulated amortization	$ 9

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 39
Finance lease cost
Amortization of right-of-use assets	1
Interest on lease liabilities	0
Lease, Cost	40
Variable lease cost included within operating lease cost	$ 13

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 28
Operating cash flows from finance leases	0
Financing cash flows from finance leases	5
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	24
Finance leases	$ 9

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Details)	3 Months Ended
	Mar. 31, 2019
Weighted-average remaining lease term
Operating leases	6 years
Finance leases	3 years
Weighted-average discount rate
Operating leases	3.50%
Finance leases	3.80%

Leases - Lease Maturity (Detail

Leases - Lease Maturity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Operating Leases, under ASC 842
2019	$ 69
2020	77
2021	65
2022	53
2023	42
Thereafter	123
Total lease payments	429
Less: Interest	(47)
Present value of lease liabilities	382
Finance Leases, under ASC 842
2019	2
2020	5
2021	6
2022	0
2023	0
Thereafter	0
Total lease payments	13
Less: Interest	0
Present value of lease liabilities	13
Operating lease payments related to options to extend lease terms that are reasonably certain of being exercised	32
Minimum lease payments for leases signed but not yet commenced	$ 8
Operating Leases, under ASC 840
2019		$ 94
2020		75
2021		62
2022		51
2023		40
Thereafter		108
Total		$ 430
Minimum
Lessee, Lease, Description [Line Items]
Leases not yet commenced, term	3 years
Equipment | Maximum
Lessee, Lease, Description [Line Items]
Leases not yet commenced, term	7 years

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	$ 2,293	$ 2,731
Net income	225	423
Other comprehensive loss	(18)	(2)
Share-based compensation	19	19
Shares issued under stock plans	(5)	(10)
Purchases of treasury stock	(120)	(398)
Balance at end of period	$ 2,394	$ 2,971
Common Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period (in shares)	791	791
Balance at beginning of period	$ 8	$ 8
Balance at end of period (in shares)	791	791
Balance at end of period	$ 8	$ 8
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period (in shares)	399	376
Balance at beginning of period	$ (10,340)	$ (8,494)
Shares issued under stock plans (in shares)	(2)	(2)
Shares issued under stock plans	$ 37	$ 35
Purchases of treasury stock (in shares)	2	6
Purchases of treasury stock	$ (120)	$ (398)
Balance at end of period (in shares)	399	380
Balance at end of period	$ (10,423)	$ (8,857)
Additional Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	1,057	1,031
Share-based compensation	19	19
Shares issued under stock plans	(42)	(45)
Balance at end of period	1,034	1,005
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	(67)	(54)
Other comprehensive loss	(18)	(2)
Balance at end of period	(85)	(56)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	11,635	10,240
Net income	225	423
Balance at end of period	$ 11,860	$ 10,871
Accounting Standards Update 2014-09
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment of ASU adoption			$ 208
Accounting Standards Update 2014-09 | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment of ASU adoption			208
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2017-12 | Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment of ASU adoption			3
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2017-12 | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment of ASU adoption			(3)
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2018-02 | Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment of ASU adoption			(3)
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2018-02 | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment of ASU adoption			$ 3

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ 2,293	$ 2,731
Total other comprehensive (loss)	(18)	(2)
Balance at end of period	2,394	2,971
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(16)	(14)
Other comprehensive loss before reclassifications	(23)	(1)
Amounts reclassified from accumulated other comprehensive loss	1	(1)
Total other comprehensive (loss)	(22)	(2)
Balance at end of period	(38)	(16)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(49)	(38)
Other comprehensive loss before reclassifications	4	0
Amounts reclassified from accumulated other comprehensive loss	0	0
Total other comprehensive (loss)	4	0
Balance at end of period	(45)	(38)
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)	0	0
Balance at end of period	(2)	(2)
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(67)	(54)
Other comprehensive loss before reclassifications	(19)	(1)
Amounts reclassified from accumulated other comprehensive loss	1	(1)
Total other comprehensive (loss)	(18)	(2)
Balance at end of period	$ (85)	$ (56)
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 Comprehensi_4

Accumulated Other Comprehensive Loss - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
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	214	$ 202
Total fair value of cash flow hedge derivatives	4
Treasury Lock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative liability, notional amount	5,000
Fair value of cash flow hedge, derivative liability	$ 35

Cash Flow Information (Details)

Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 11	$ 12
Income taxes paid	9	8
Treasury stock purchases settled after the balance sheet date	$ 0	$ 14

Business Segment Information -

Business Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Processing and services revenue	$ 1,293	$ 1,238
Product revenue	209	202
Total revenue	1,502	1,440
Operating income	373	608
Corporate and Other
Segment Reporting Information [Line Items]
Processing and services revenue	13	3
Product revenue	(23)	(21)
Total revenue	(10)	(18)
Operating income	(113)	135
Payments | Operating segments
Segment Reporting Information [Line Items]
Processing and services revenue	726	653
Product revenue	188	189
Total revenue	914	842
Operating income	287	271
Financial | Operating segments
Segment Reporting Information [Line Items]
Processing and services revenue	554	582
Product revenue	44	34
Total revenue	598	616
Operating income	$ 199	$ 202

Business Segment Information _2

Business Segment Information - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Goodwill	$ 5,703	$ 5,702
Operating segments | Payments
Segment Reporting Information [Line Items]
Goodwill	4,000	4,000
Operating segments | Financial
Segment Reporting Information [Line Items]
Goodwill	$ 1,700	$ 1,700