First Data 10-Q 31 Oct 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2018shares
Document and Entity Information
Entity Registrant Name	FIRST DATA CORP
Entity Central Index Key	883,980
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	567,013,360
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	369,503,473

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenues		$ 2,369	$ 3,076	$ 7,099	$ 8,902
Expenses:
Depreciation and amortization		248	248	753	713
Other operating expenses, net		29	57	106	108
Total expenses		1,894	2,659	5,738	7,692
Operating profit		475	417	1,361	1,210
Interest expense, net		(231)	(233)	(698)	(702)
Loss on debt extinguishment		(2)	(1)	(3)	(72)
Other income (expense)		202	(4)	201	(7)
Income before income taxes and equity earnings in affiliates		444	179	861	429
Income tax expense (benefit)		54	(106)	44	(66)
Equity earnings in affiliates		58	55	167	167
Net income		448	340	984	662
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		47	44	141	145
Net income attributable to First Data Corporation		$ 401	$ 296	$ 843	$ 517
Net income attributable to First Data Corporation per share:
Basic (in dollars per share)		$ 0.43	$ 0.32	$ 0.91	$ 0.57
Diluted (in dollars per share)		$ 0.42	$ 0.31	$ 0.88	$ 0.55
Weighted-average common shares outstanding:
Basic (in shares)		932	918	928	915
Diluted (in shares)		965	944	956	938
Excluding reimbursable items
Revenues:
Total revenues	[1]	$ 2,158	$ 2,081	$ 6,486	$ 5,998
Expenses:
Cost of revenues		741	794	2,271	2,356
Selling, general, and administrative		665	565	1,995	1,611
Depreciation and amortization		248	248	753	713
Other operating expenses, net		29	57	106	108
Total expenses		1,683	1,664	5,125	4,788
Reimbursable items
Revenues:
Total revenues		211	995	613	2,904
Expenses:
Total expenses		$ 211	$ 995	$ 613	$ 2,904
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $56 million and $159 million for the three and nine months ended September 30, 2018, respectively, and $56 million and $162 million for the comparable periods in 2017.

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Parenthetical) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues		$ 2,369	$ 3,076	$ 7,099	$ 8,902
Excluding reimbursable items
Revenues	[1]	2,158	2,081	6,486	5,998
Excluding reimbursable items | Equity method
Revenues		$ 56	$ 56	$ 159	$ 162
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $56 million and $159 million for the three and nine months ended September 30, 2018, respectively, and $56 million and $162 million for the comparable periods in 2017.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 448	$ 340	$ 984	$ 662
Other comprehensive income, net of tax:
Foreign currency translation adjustment	18	105	(66)	213
Pension liability adjustments	2	0	2	19
Derivative instruments	4	1	4	0
Total other comprehensive income (loss), net of tax	24	106	(60)	232
Comprehensive income	472	446	924	894
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest	49	50	139	158
Comprehensive income attributable to First Data Corporation	$ 423	$ 396	$ 785	$ 736

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 601	$ 498
Accounts receivable, net of allowance for doubtful accounts of $43 and $45	2,065	2,176
Settlement assets	20,735	20,363
Prepaid expenses and other current assets	310	335
Total current assets	23,711	23,372
Property and equipment, net of accumulated depreciation of $1,592 and $1,588	890	951
Goodwill	17,518	17,710
Customer relationships, net of accumulated amortization of $5,425 and $5,940	1,860	2,184
Other intangibles, net of accumulated amortization of $2,277 and $2,665	1,906	1,935
Investment in affiliates	1,040	1,054
Other long-term assets	678	1,063
Total assets	47,603	48,269
Current liabilities:
Accounts payable and accrued liabilities	1,630	1,659
Short-term and current portion of long-term borrowings	806	1,271
Settlement obligations	20,735	20,363
Total current liabilities	23,171	23,293
Long-term borrowings	16,949	17,927
Deferred tax liabilities	26	77
Other long-term liabilities	513	886
Total liabilities	40,659	42,183
Commitments and contingencies (See note 12)
Redeemable noncontrolling interest	78	72
First Data Corporation stockholders' equity:
Preferred stock, $0.01 par value; 100 shares authorized as of September 30, 2018 and December 31, 2017; no shares issued and outstanding as of September 30, 2018 and December 31, 2017	0	0
Additional paid-in capital	13,722	13,495
Accumulated loss	(8,229)	(9,059)
Accumulated other comprehensive loss	(1,202)	(1,144)
Total First Data Corporation stockholders' equity	4,058	3,152
Noncontrolling interests	2,808	2,862
Total equity	6,866	6,014
Total liabilities and equity	47,603	48,269
Class A
First Data Corporation stockholders' equity:
Common stock, $0.01 par value	6	5
Class A Treasury stock, at cost, 16 shares and 11 shares as of September 30, 2018 and December 31, 2017, respectively	(243)	(149)
Class B
First Data Corporation stockholders' equity:
Common stock, $0.01 par value	$ 4	$ 4

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 43	$ 45
Property and equipment, accumulated depreciation	1,592	1,588
Customer relationships, accumulated amortization	5,425	5,940
Other intangibles, accumulated amortization	$ 2,277	$ 2,665
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized shares (in shares)	100,000,000	100,000,000
Preferred stock, issued shares (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	1,600,000,000	1,600,000,000
Common stock, issued shares (in shares)	583,000,000	493,000,000
Common stock, outstanding shares (in shares)	567,000,000	482,000,000
Treasury stock (in shares)	16,000,000	11,000,000
Class B
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	523,000,000	523,000,000
Common stock, issued shares (in shares)	370,000,000	443,000,000
Common stock, outstanding shares (in shares)	370,000,000	443,000,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 984	$ 662
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)	816	806
Deferred income taxes	(22)	(130)
Charges related to other operating expenses, net and other income	(95)	115
Loss on debt extinguishment	3	72
Stock-based compensation expense	192	183
Other non-cash and non-operating items, net	44	36
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in:
Accounts receivable, current and long-term	92	60
Other assets, current and long-term	(48)	8
Accounts payable and other liabilities, current and long-term	(163)	(186)
Income tax accounts	6	(44)
Net cash provided by operating activities	1,809	1,582
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions	549	88
Additions to property and equipment	(226)	(198)
Payments to obtain customer contracts, including outlays for conversion, and capitalized systems development costs	(226)	(192)
Acquisitions, net of cash acquired	(17)	(848)
Proceeds from the maturity of net investment hedges	26	90
Other investing activities, net	(48)	0
Net cash provided by (used in) investing activities	58	(1,060)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term (payments) borrowings, net	(877)	415
Proceeds from issuance of long-term debt	0	3,548
Payment of call premiums and debt issuance cost	0	(63)
Principal payments on long-term debt	(619)	(4,063)
Payment of taxes related to settlement of equity awards	(107)	(87)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	(193)	(203)
Other financing activities, net	57	43
Net cash used in financing activities	(1,739)	(410)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(24)	2
Change in cash, cash equivalents and restricted cash	104	114
Cash, cash equivalents and restricted cash at beginning of period	525	415
Cash, cash equivalents and restricted cash at end of period	629	529
NON-CASH TRANSACTIONS
Capital leases, net of trade-ins	31	57
Other financing arrangements	$ 0	$ 102

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions		Total	Common StockClass A	Common StockClass B	Treasury StockClass A	Additional Paid-In Capital	Accumulated Loss	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2016			368	544	(5)
Beginning balance at Dec. 31, 2016		$ 4,131	$ 4	$ 5	$ (61)	$ 13,210	$ (10,524)	$ (1,414)	$ 2,911
Increase (Decrease) in Stockholders' Equity
Dividends and distributions paid to noncontrolling interests	[1]	(179)							(179)
Net income	[2]	638					517		121
Other comprehensive income (loss)		232						219	13
Adjustment to redemption value of redeemable noncontrolling interest		1				1
Stock compensation expense		183				183
Stock activity under stock compensation plans and other (in shares)			113	(101)	5
Stock activity under stock compensation plans and other		(42)	$ 1	$ (1)	$ (78)	36
Ending balance (in shares) at Sep. 30, 2017			481	443	(10)
Ending balance at Sep. 30, 2017		4,964	$ 5	$ 4	$ (139)	13,430	(10,007)	(1,195)	2,866
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)		106
Ending balance (in shares) at Sep. 30, 2017			481	443	(10)
Ending balance at Sep. 30, 2017		4,964	$ 5	$ 4	$ (139)	13,430	(10,007)	(1,195)	2,866
Increase (Decrease) in Stockholders' Equity
Adoption of New Revenue Standard		(13)					(13)
Beginning balance (in shares) at Dec. 31, 2017			482	443	(11)
Beginning balance at Dec. 31, 2017		6,014	$ 5	$ 4	$ (149)	13,495	(9,059)	(1,144)	2,862
Increase (Decrease) in Stockholders' Equity
Dividends and distributions paid to noncontrolling interests	[1]	(169)							(169)
Net income	[2]	960					843		117
Other comprehensive income (loss)		(60)						(58)	(2)
Adjustment to redemption value of redeemable noncontrolling interest		(6)				(6)
Stock compensation expense		192				192
Stock activity under stock compensation plans and other (in shares)			85	(73)	5
Stock activity under stock compensation plans and other		(52)	$ 1		$ (94)	41
Ending balance (in shares) at Sep. 30, 2018			567	370	(16)
Ending balance at Sep. 30, 2018		6,866	$ 6	$ 4	$ (243)	13,722	(8,229)	(1,202)	2,808
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)		24
Ending balance (in shares) at Sep. 30, 2018			567	370	(16)
Ending balance at Sep. 30, 2018		$ 6,866	$ 6	$ 4	$ (243)	$ 13,722	$ (8,229)	$ (1,202)	$ 2,808
[1]	The total distribution presented in the unaudited consolidated statements of equity for the nine months ended September 30, 2018 and 2017 excludes $24 million and $24 million, respectively, in distributions paid to redeemable noncontrolling interest not included in equity.
[2]	The total net income presented in the unaudited consolidated statements of equity for the nine months ended September 30, 2018 and 2017 is $24 million and $24 million different, respectively, than the amounts presented in the unaudited consolidated statements of income due to the net income attributable to the redeemable noncontrolling interest not included in equity.

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Statement of Stockholders' Equity [Abstract]
Distributions to redeemable noncontrolling interest not included in equity	$ 24	$ 24
Change in total net income due to redeemable noncontrolling interest	$ 24	$ 24

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Business Description FDC is a global leader in commerce-enabling technology and solutions for merchants, financial institutions, and card issuers. The Company provides merchant transaction processing and acquiring; credit, retail, and debit card processing; prepaid and payroll services; check verification; settlement and guarantee services; and statement printing as well as solutions to help clients grow their businesses including the Company's Clover line of payment solutions and related applications. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and the Company's Form 8-K filed August 13, 2018. Significant accounting policies disclosed therein have not changed, except for those disclosed below in the recently adopted section. The accompanying consolidated financial statements are unaudited; however, in the opinion of management, they include all normal recurring adjustments necessary for a fair presentation of the consolidated financial position of the Company, the consolidated results of the Company's operations, comprehensive income, consolidated cash flows and changes in equity as of and for the periods presented. Results of operations reported for interim periods are not necessarily indicative of results for the entire year due in part to the seasonality of certain business units. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Presentation Depreciation and amortization, presented as a separate line item on the Company’s unaudited consolidated statements of income, does not include amortization of payments for customer contracts which is recorded as contra-revenue within “Revenues excluding reimbursable items.” Also not included is amortization related to equity method investments which is netted within “Equity earnings in affiliates.” The following table presents the amounts associated with such amortization for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Amortization of payments for customer contracts $ 14 $ 20 $ 40 $ 58 Amortization related to equity method investments 8 12 23 35 Treasury Stock In connection with the vesting of restricted stock awards or exercise of stock options, shares of Class A and Class B common stock are delivered to the Company by employees to satisfy tax withholding obligations. The Company accounts for treasury stock activities under the cost method whereby the cost of the acquired stock is recorded as treasury stock. Because Class B common stock converts automatically to Class A common stock upon any transfer, whether or not for value, except for certain transactions described in the Company's amended and restated certificate of incorporation, all shares of treasury stock are Class A common stock. Foreign Currency Translation There has been a steady devaluation of the Argentine peso relative to the United States dollar in recent years, primarily due to inflation. A highly inflationary economy is defined as an economy with a cumulative inflation rate of approximately 100 percent or more over a three-year period. If a country’s economy is classified as highly inflationary, the financial statements of the foreign entity operating in that country must be remeasured to the functional currency of the reporting entity. As of June 30, 2018, the Argentine economy was designated as highly inflationary for accounting purposes. Accordingly, beginning July 1, 2018 the Company began reporting the financial results of its operations in Argentina at the functional currency of the parent, which is the U.S. dollar. E xchange gains and losses from the remeasurement of monetary assets and liabilities for the three months ended September 30, 2018 are reflected in "Other income (expense)" on the unaudited consolidated statements of income rather than “Accumulated other comprehensive loss” on the unaudited consolidated balance sheet. The Company recognized $3 million in foreign currency exchange losses for the three months ended September 30, 2018 from remeasurement of the operations in Argentina to the parent functional currency. Reclassifications Certain amounts for prior years have been reclassified to conform with the current year financial statement presentation. New Accounting Guidance Recently Adopted Accounting Guidance Stock-based Compensation In May 2017, the FASB issued guidance that clarifies when changes to terms or conditions of a stock-based payment award must be accounted for as a modification. Under the new guidance, companies only apply modification accounting guidance if the fair value, vesting conditions or classification of an award changes. The guidance was adopted prospectively to awards modified on or after the adoption date. The Company adopted the new guidance on January 1, 2018. The impact of adoption on the Company's consolidated financial statements is dependent on future changes to share-based compensation awards. In June 2018, the FASB issued guidance that simplifies the accounting for share-based payments to nonemployees in exchange for goods and services by aligning with the accounting for share-based payments to employees, with certain exceptions. The standard is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption is permitted. The Company adopted the new guidance on July 1, 2018, using the modified retrospective approach, with an immaterial impact to the Company’s consolidated financial statements. Statement of Cash Flows In November 2016, the FASB issued guidance that changes the presentation of restricted cash and restricted cash equivalents on the statement of cash flows. Under the new guidance, companies are required to include restricted cash and restricted cash equivalents with the cash and cash equivalents line item when reconciling beginning-of-period and end-of-period total amounts shown on the statement of cash flows. Given this change, transfers between cash, cash equivalents, and restricted cash and cash equivalents are no longer reported as cash flow activities on the statement of cash flows. The guidance was applied using a retrospective transition method to each period presented. The Company adopted the new guidance on January 1, 2018 with no material impact to its statement of cash flows. The Company held $28 million , $27 million , $27 million and $30 million in restricted cash within "Other long-term assets" in the unaudited consolidated balance sheets as of September 30, 2018, December 31, 2017, September 30, 2017, and December 31, 2016, respectively. Pension Costs In March 2017, the FASB issued guidance that requires employers that sponsor defined benefit plans for pensions and/or other post-retirement benefits to present the service cost component of net periodic benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Employers will present the other components of the net periodic benefit cost separately from the line item that includes the service cost and outside of any subtotal of operating income, if one is presented. These components will not be eligible for capitalization in assets. The Company adopted the new guidance on January 1, 2018, using a retrospective approach. The impact on the Company's consolidated financial statements for the three and nine months ended September 30, 2018 was an increase in operating expense and a decrease in "Interest expense, net" of $2 million and $5 million , respectively, and $1 million and $4 million for the comparable periods in 2017 . Derivatives and Hedging In August 2017, the FASB issued guidance to simplify the current application of hedge accounting. This standard is intended to better align a company’s risk management strategies and financial reporting for hedging relationships through changes to both designation and measurement for qualifying hedging relationships and more accurately presenting the economic effects in the financial statements. In addition, the new guidance establishes flexibility in the requirements to qualify and maintain hedge accounting. The Company adopted the new guidance on January 1, 2018 with no material impact to the Company’s consolidated financial statements. Revenue Recognition In May 2014, the FASB issued ASC 606 and ASC 340-40 (collectively, the New Revenue Standard) that requires companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in an exchange for those goods or services. It also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively, and improves guidance for multiple-element arrangements. The FASB has subsequently issued several amendments to the New Revenue Standard, including clarification on accounting for licenses, identifying performance obligations, and principal versus agent consideration (reporting revenue gross vs. net). The Company adopted the New Revenue Standard using a modified retrospective basis on January 1, 2018 to all contracts that were not completed. The adoption resulted in an increase to accumulated loss of $13 million for the cumulative effect of applying the New Revenue Standard. This impact was principally driven by certain software arrangements being recognized sooner; changes related to costs to obtain customers, including the related amortization period; and the release of deferred revenue associated with Clover terminals that had previously lacked standalone value. Under the modified retrospective basis, the Company did not restate its comparative consolidated financial statements for these effects. The following tables present the impact of adopting the New Revenue Standard on the Company’s unaudited consolidated financial statements for the three and nine months ended September 30, 2018 : Three months ended September 30, 2018 (in millions, except per share amounts) As Reported Adjustments Amounts Without Adoption of ASC 606 Revenues: Revenues excluding reimbursable items $ 2,158 $ (34 ) $ 2,124 Reimbursable items 211 919 1,130 Total revenues 2,369 885 3,254 Expenses: Total expenses excluding reimbursable items 1,683 (33 ) 1,650 Reimbursable items 211 919 1,130 Total expenses 1,894 886 2,780 Operating profit 475 (1 ) 474 Interest expense, net (231 ) — (231 ) Loss on debt extinguishment (2 ) — (2 ) Other income 202 — 202 Income before income taxes and equity earnings in affiliates 444 (1 ) 443 Income tax expense 54 — 54 Equity earnings in affiliates 58 — 58 Net income 448 (1 ) 447 Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 47 — 47 Net income attributable to First Data Corporation $ 401 $ (1 ) $ 400 Net income attributable to First Data Corporation per share: Basic $ 0.43 $ — $ 0.43 Diluted $ 0.42 $ — $ 0.42 Nine months ended September 30, 2018 (in millions, except per share amounts) As Reported Adjustments Amounts Without Adoption of ASC 606 Revenues: Revenues excluding reimbursable items $ 6,486 $ (119 ) $ 6,367 Reimbursable items 613 2,640 3,253 Total revenues 7,099 2,521 9,620 Expenses: Total expenses excluding reimbursable items 5,125 (94 ) 5,031 Reimbursable items 613 2,640 3,253 Total expenses 5,738 2,546 8,284 Operating profit 1,361 (25 ) 1,336 Interest expense, net (698 ) — (698 ) Loss on debt extinguishment (3 ) — (3 ) Other income 201 — 201 Income before income taxes and equity earnings in affiliates 861 (25 ) 836 Income tax expense 44 (6 ) 38 Equity earnings in affiliates 167 — 167 Net income 984 (19 ) 965 Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 141 — 141 Net income attributable to First Data Corporation $ 843 $ (19 ) $ 824 Net income attributable to First Data Corporation per share: Basic $ 0.91 $ (0.02 ) $ 0.89 Diluted $ 0.88 $ (0.02 ) $ 0.86 The adoption of the New Revenue Standard had an immaterial impact on the Company’s unaudited consolidated balance sheet and unaudited consolidated statement of cash flows as of and for the three and nine months ended September 30, 2018. See note 3 "Revenue Recognition" for more information. Recently Issued Accounting Guidance Leases In February 2016, the FASB issued guidance which requires lessees to recognize most leases on their balance sheets. The guidance also modifies the classification criteria and the accounting for sales-type and direct financing leases for lessors and provides new presentation and disclosure requirements for both lessees and lessors. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company will adopt the new standard on January 1, 2019. While the Company continues to assess all of the effects of the adoption of the guidance, the Company does not believe that the adoption of the new standard will have a material impact on its consolidated financial statements. Credit Losses In June 2016, the FASB issued guidance that will change the accounting for credit loss impairment. Under the new guidance, companies are required to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This new guidance will be effective for public companies for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. Internal-Use Software In August 2018, the FASB issued guidance to align the requirements for capitalizing certain implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The guidance provides flexibility in adoption, allowing for either retrospective adjustment or prospective adjustment for all implementation costs incurred after the date of adoption. The Company is currently reviewing the new guidance to assess the impact to the consolidated financial statements. Fair Value Measurements In August 2018, the FASB issued guidance that modified the disclosures on fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. The new guidance also expands disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company is in the process of evaluating the impact of the guidance on its consolidated financial statements. SEC Disclosure Requirements In August 2018, the SEC issued a final rule that amends certain disclosure requirements that were duplicative, outdated or superseded. In addition, the final rule expanded the financial reporting requirements for changes in stockholders’ equity for interim reporting periods. The Company will adopt this new rule beginning with its financing reporting for the quarter ended March 31, 2019. The Company is currently evaluating the impact of the final rule on its consolidated financial statements.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Borrowings	Borrowings (in millions) As of September 30, As of December 31, Short-term borrowings: Foreign lines of credit and other arrangements $ 76 $ 205 Senior secured revolving credit facility due 2020 at LIBOR plus 3.50% or a base rate plus 2.50% — 272 Receivable securitized loan at LIBOR plus 1.15% or a base rate equal to the highest of (i) the applicable lender's prime rate, or (ii) the federal funds rate plus 0.50% 124 600 Unamortized deferred financing costs (a) (3 ) (3 ) Total short-term borrowings 197 1,074 Current portion of long-term borrowings: Senior secured term loan facility due 2020 at LIBOR plus 1.75% or a base rate plus 0.75% 500 78 Other arrangements and capital lease obligations 109 119 Total current portion of long-term borrowings (b) 609 197 Total short-term and current portion of long-term borrowings 806 1,271 Long-term borrowings: Senior secured term loan facility due 2024 at LIBOR plus 2.0% or a base rate plus 1.0% 3,892 3,892 Senior secured term loan facility due 2022 at LIBOR plus 2.0% or a base rate plus 1.0% 3,293 3,758 Senior secured term loan facility due 2020 at LIBOR plus 1.75% or a base rate plus 0.75% 923 1,404 5.375% Senior secured first lien notes due 2023 1,210 1,210 5.0% Senior secured first lien notes due 2024 1,900 1,900 5.75% Senior secured second lien notes due 2024 2,200 2,200 7.0% Senior unsecured notes due 2023 3,400 3,400 Unamortized discount and unamortized deferred financing costs (a) (102 ) (123 ) Other arrangements and capital lease obligations 233 286 Total long-term borrowings (b) 16,949 17,927 Total borrowings (c) $ 17,755 $ 19,198 (a) Unamortized deferred financing costs and certain lenders' fees associated with debt transactions were capitalized as discounts and are amortized on a straight-line basis, which approximates the effective interest method, over the remaining term of the respective debt. (b) As of September 30, 2018 and December 31, 2017 , the fair value of the Company's long-term borrowings, excluding other arrangements and capital lease obligations, was $17.5 billion and $18.2 billion , respectively. The estimated fair value of the Company's long-term borrowings was primarily based on market trading prices and is considered to be a Level 2 measurement. (c) The effective interest rate is not substantially different than the coupon rate on any of the Company's debt tranches. Foreign Lines of Credit and Other Arrangements As of September 30, 2018 and December 31, 2017 , the Company had $368 million and $546 million , respectively, available under short-term lines of credit and other arrangements with foreign banks and alliance partners primarily to fund settlement activity. As of September 30, 2018 and December 31, 2017 , this includes a $165 million and $355 million , respectively, committed line of credit for one of the Company's consolidated alliances. The remainder of these arrangements are primarily associated with international operations and are in various functional currencies, the most significant of which are the Australian dollar, the Polish zloty, and the Euro. Of the amounts outstanding as of September 30, 2018 and December 31, 2017 , $0 million and $15 million , respectively, were uncommitted. As of September 30, 2018 and December 31, 2017 , the weighted average interest rate associated with foreign lines of credit and other arrangements was 2.7% and 2.9% , respectively. Senior Secured Revolving Credit Facility The Company has a $1.25 billion senior secured revolving credit facility maturing on June 2, 2020. Up to $250 million of the senior secured revolving credit facility is available for letters of credit, of which $4 million and $29 million of letters of credit were issued under the facilities as of September 30, 2018 and December 31, 2017 , respectively. As of September 30, 2018 , $1.25 billion remained available. Senior Unsecured Revolving Credit Facility The Company has a $33 million senior unsecured revolving credit facility maturing December 20, 2019, available for letters of credit. As of September 30, 2018 and December 31, 2017 , the Company had $31 million and $0 million of outstanding letters of credit with an interest rate of 1.85% . Receivable Securitization Agreement The Company has a consolidated wholly-owned subsidiary, First Data Receivables, LLC (FDR). FDR and FDC entered into an agreement where certain wholly-owned subsidiaries of FDC agreed to transfer and contribute receivables to FDR. FDR’s assets are not available to satisfy obligations of any other entities or affiliates of FDC. FDR's creditors will be entitled, upon its liquidation, to be satisfied out of FDR’s assets prior to any assets or value in FDR becoming available to FDR’s equity holders. As of September 30, 2018 , the maximum borrowing capacity, subject to collateral availability, under the agreement is $600 million . The term of the receivables securitization agreement is through July 2021. The receivables held by FDR are recorded within "Accounts receivable, net" in the Company's unaudited consolidated balance sheets. In July 2018, the Company amended its Receivable Securitization Program (“Securitization”) to extend the maturity from June 2020 to July 2021. In addition, under the amended terms, loans under the Securitization will accrue interest at a rate that is 1.15% higher than either LIBOR, down from LIBOR plus 1.5% under the previous agreement, base rate equal to the highest of (i) the applicable lender's "reference" or "prime" rate, or (ii) the federal funds rate plus 0.50% . The Securitization also includes an unused fee at a rate that ranges from 45 to 90 basis points depending on the level of utilization under securitization.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To achieve this core principle, the Company applies the following five steps: 1. Identify the contract with a customer 2. Identify the performance obligations in the contract 3. Determine the transaction price 4. Allocate the transaction price to the performance obligations in the contract 5. Recognize revenue when or as the entity satisfies a performance obligation Revenue is recognized net of taxes collected from customers, which are subsequently remitted to governmental authorities. The Company has elected to present shipping and handling costs associated with its products as a cost of fulfilling the Company's promise to transfer its products and services. Nature of Products and Services Transaction and Processing Services The vast majority of the Company’s revenues are comprised of: 1) fees calculated based on a percentage of the monetary value of transactions processed; 2) fees calculated based on number of transactions processed; 3) fees calculated based on number of accounts on file during a period; or 4) some combination thereof that are associated with transaction and processing services. The Company typically contracts with financial institutions, merchants, or affiliates of those parties. Contracts stipulate the types of processing services and articulate how fees will be incurred and calculated. The Company's performance obligations are to stand ready to provide holistic electronic payment processing services consisting of a series of distinct elements that are substantially the same and have the same pattern of transfer over time. The Company’s promise to its customers is to perform an unknown or unspecified quantity of tasks and the consideration received is contingent upon the customers’ use (i.e., number of payment transactions processed, number of cards on file, etc.); as such, the total transaction price is variable. The Company allocates the variable fees charged to the day in which it has the contractual right to bill under the contract. Revenue is comprised of fees charged to the Company's customers, net of interchange fees and assessments charged by the credit card associations and debit networks, which are pass-through charges collected on behalf of the card issuers and payment networks. Interchange fees and assessments charged by credit card and debit networks to the Company’s consolidated subsidiaries were as follows for the three and nine months ended September 30, 2018 and 2017 . Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Interchange fees and assessments $ 7,113 $ 6,598 $ 20,753 $ 19,229 Debit network fees (a) 919 820 2,640 2,384 (a) Prior to the adoption of the New Revenue Standard, debit network fees were reported on a gross basis in revenues and expenses. Hardware Revenues The Company may sell or lease hardware (POS devices) and other peripherals as part of its contract with customers. Hardware typically consists of terminals or Clover devices. The Company does not manufacture hardware, but purchases hardware from third-party vendors and holds the hardware in inventory until purchased by a customer. The Company accounts for sales of hardware as a separate performance obligation and recognizes the revenue at its standalone selling price when the customer obtains control of the hardware. Professional Services Revenues The Company’s professional services generally consist of professional services sold as part of a new or existing agreement or sold as a separate service. The Company’s professional services may or may not be considered distinct based on the nature of the services being provided. Professional services are recognized over time as control is transferred to the customer, either as the professional services are performed or as the services from a combined performance obligation are transferred to the customer (over the term of the related transaction and processing agreement). Other Other revenues principally include software licensing (fixed and usage based) and maintenance. The Company's software licensing and maintenance are considered distinct and are generally recognized at their standalone selling prices when the software code is delivered to the client and over the maintenance period, respectively. Contracts with Multiple Performance Obligations The Company’s contracts with its customers can consist of multiple performance obligations, for example in the case of hardware sold with transaction and processing services. For these contracts, the Company accounts for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. The Company determines the standalone selling prices based on its overall pricing objectives, taking into consideration market conditions and other factors, including the customer class. Disaggregation of Revenue The following tables present revenues disaggregated by primary geographical regions and product types for the three and nine months ended September 30, 2018 : Three months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 1,094 $ 440 $ 355 $ 1,889 EMEA 173 116 3 292 LATAM 76 33 — 109 APAC 49 28 2 79 Total Revenue (a)(b) $ 1,392 $ 617 $ 360 $ 2,369 Nine months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 3,288 $ 1,295 $ 1,065 $ 5,648 EMEA 507 349 10 866 LATAM 247 101 1 349 APAC 147 84 5 236 Total Revenue (a)(b) $ 4,189 $ 1,829 $ 1,081 $ 7,099 Three months ended Nine months ended (in millions) Total Total Transaction and processing services $ 2,106 $ 6,277 Hardware, Professional Services, and Other 263 822 Total Revenue (a) $ 2,369 $ 7,099 (a) See note 6 "Segment Information" for the reconciliation to segment revenues. (b) Global Business Solutions includes non wholly-owned entities and Global Financial Solutions includes reimbursable items, which includes postage and customized orders. Contract Balances Accounts Receivable and Leasing Receivables Accounts receivable balances are stated net of allowance for doubtful accounts. The Company records allowances for doubtful accounts when it is probable that the accounts receivable balance will not be collected. Long-term accounts receivable balances are included in “Other long-term assets” in the unaudited consolidated balance sheets. The Company has receivables associated with its POS terminal leasing businesses. Leasing receivables are included in “Accounts receivable” and “Other long-term assets” in the unaudited consolidated balance sheets. The Company recognizes interest income on its leasing receivables using the effective interest method. For direct financing leases, the interest rate used incorporates initial direct costs included in the net investment in the lease. For sales type leases, initial direct costs are expensed as incurred. As of September 30, 2018 and December 31, 2017 , long-term accounts receivable, net of allowance for doubtful accounts, included within “Other long-term assets” in the unaudited consolidated balance sheets was $250 million and $272 million , respectively. Contract Liabilities The Company records deferred revenue when it receives payments or invoices in advance of delivery of products or the performance of services. A significant portion of this balance relates to service contracts where the Company received payments from customers for upfront conversions/implementation type activities which do not transfer a service to the customer but rather are used in fulfilling the related performance obligations that transfer over time. The advance consideration received from customers is deferred over the contract term or a longer period if it provides the customer with a material right. The following table presents the changes in deferred revenue for the nine months ended September 30, 2018 : (in millions) Nine months ended Balance, beginning of the period $ 344 New Revenue Standard adjustments (39 ) Deferral of revenue 169 Recognition of unearned revenue (159 ) Other (primarily foreign currency translation) (11 ) Balance, end of period $ 304 Remaining Performance Obligation Over 95% of the Company’s performance obligations relate to transaction and processing services or hardware that are subject to a practical expedient (e.g., variable consideration) or point in time recognition, respectively. The Company's contracts with customers typically do not specify fixed revenues to be realized. Certain customer contracts contain fixed minimums and non-refundable up-front fees (fixed price guarantees). However, the amounts which are considered fixed price guarantees are not material to total consolidated revenue. The Company's contracts with Small Medium Business (SMB) merchants within the Global Business Solutions segment typically have a contractual duration of less than one year. Larger contracts in the Global Business Solutions, Global Financial Solutions, and Network & Security Solutions segments typically have contractual terms ranging from one to fifteen years with variability being resolved on a daily basis. Costs to Obtain and Fulfill a Contract The Company capitalizes incremental costs to obtain new contracts and contract renewals and amortizes these costs on a straight-line basis as a reduction of revenue over the benefit period, which is generally the contract term, unless a commensurate payment is not expected at renewal. As of September 30, 2018 and December 31, 2017 , the Company had $155 million and $145 million , respectively, of capitalized contract costs included within "Other intangibles, net" on the unaudited consolidated balance sheets. For the three and nine months ended September 30, 2018 , the Company had $14 million and $40 million , respectively, of contra-revenue related to these costs and $20 million and $58 million for the comparable periods in 2017 . The Company expenses sales commissions as incurred for the Company's sales commission plans that are paid on recurring monthly revenues, portfolios of existing customers, or have a substantive stay requirement prior to payment. The Company capitalizes conversion related costs associated with enabling customers to receive its processing services. These costs are amortized straight-line over the expected benefit period of seven years based on the related services being provided, and are reflected within “Depreciation and amortization” in the Company's unaudited consolidated statement of income. As of September 30, 2018 and December 31, 2017 , the Company had $173 million and $160 million , respectively, of capitalized conversion costs, net of amortization, included within "Other intangibles, net" on the unaudited consolidated balance sheets. For the three and nine months ended September 30, 2018 , the Company had $10 million and $30 million , respectively, of amortization expense related to these costs and $7 million and $21 million for the comparable periods in 2017 .

Stock Compensation Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Plans	Stock Compensation Plans The Company provides stock-based compensation awards to its employees. Total stock-based compensation expense recognized in the "Cost of revenues" and “Selling, general, and administrative” line items of the unaudited consolidated statements of income resulting from stock options, non-vested restricted stock awards, and non-vested restricted stock units was as follows for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, (in millions) 2018 2017 2018 2017 Cost of revenues $ 9 $ 19 $ 36 $ 54 Selling, general, and administrative 50 43 156 129 Total stock-based compensation expense $ 59 $ 62 $ 192 $ 183 The Company's employees are granted restricted stock awards or units on an annual basis, which generally vest 20% on the first anniversary, 40% on the second anniversary, and the remaining 40% on the third anniversary. For the nine months ended September 30, 2018 , 11 million restricted stock awards and units were granted at a weighted average price per share of $16.34 . For the nine months ended September 30, 2017 , 21 million restricted stock awards and units were granted at a weighted average price per share of $16.98 . As of September 30, 2018 , there was $29 million and $305 million of total unrecognized compensation expense related to non-vested stock options and restricted stock awards and units, respectively. The Company paid approximately $28 million and $4 million for the three months ending September 30, 2018 and 2017 and $107 million and $87 million for the nine months ended September 30, 2018 and 2017 , respectively; for taxes related to the settlement of vested stock-based awards. For additional information on the Company’s stock compensation plans, see note 4 “Stock Compensation Plans” in “Item 8. Financial Statements and Supplementary Data” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 .

Net Income Per Share Attributab

Net Income Per Share Attributable to First Data Corporation	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Net Income Per Share Attributable to First Data Corporation	Net Income Per Share Attributable to First Data Corporation Basic net income per share is calculated by dividing net income attributable to FDC by the weighted-average shares outstanding during the period, without consideration for any potential dilutive shares. Diluted net income per share has been computed to give effect to the impact, if any, of shares issuable upon the assumed exercise of the Company’s common stock equivalents, which consist of outstanding stock options and unvested restricted stock. The dilutive effect of potentially dilutive securities is reflected in net income per share by application of the treasury stock method. Under the treasury stock method, an increase in the fair value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities. Both Class A and B common stock are included in the net income per share attributable to First Data Corporation calculation because they have the same rights other than voting. The following table sets forth the computation of the Company's basic and diluted net income attributable to First Data Corporation per share for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, (in millions, except per share amounts) 2018 2017 2018 2017 Numerator: Net income attributable to First Data Corporation $ 401 $ 296 $ 843 $ 517 Denominator: Weighted average shares used in computing net income per share, basic 932 918 928 915 Effect of dilutive securities 33 26 28 23 Total dilutive securities 965 944 956 938 Net income attributable to First Data Corporation per share: Basic $ 0.43 $ 0.32 $ 0.91 $ 0.57 Diluted $ 0.42 $ 0.31 $ 0.88 $ 0.55 Anti-dilutive shares excluded from diluted net income per share (a) — 8 6 13 (a) Potentially dilutive securities whose effect would have been anti-dilutive are excluded from the computation of diluted earnings per share for all periods presented.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information For a detailed discussion of the Company’s accounting principles and its reportable segments see note 7 “Segment Information” in the Company’s consolidated financial statements in “Item 8. Financial Statements and Supplementary Data” and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and the Company's Form 8-K filed August 13, 2018. Prior to January 1, 2018, the Company presented segment revenues net of certain items including revenue-based commission payments to Independent Sales Organizations (ISOs) and sales channels. The Company is no longer deducting ISO commissions from segment revenue as this change enhances the consistency of accounting methodologies among the Company's various distribution channels within the Global Business Solutions segment. This change in segment reporting has been applied retrospectively. Under the retrospective approach, the Company adjusted the prior period results presented in these unaudited consolidated financial statements. The following tables present the Company’s reportable segment results for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 1,376 $ 407 $ 366 $ — $ 2,149 Equity earnings in affiliates 8 — 1 — 9 Total segment revenues $ 1,384 $ 407 $ 367 $ — $ 2,158 Depreciation and amortization $ 127 $ 81 $ 30 $ 2 $ 240 Segment EBITDA 503 161 195 (44 ) 815 Three months ended September 30, 2017 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 1,247 $ 416 $ 395 $ — $ 2,058 Equity earnings in affiliates 9 — — — 9 Total segment revenues $ 1,256 $ 416 $ 395 $ — $ 2,067 Depreciation and amortization $ 122 $ 89 $ 34 $ — $ 245 Segment EBITDA 465 179 184 (42 ) 786 Nine months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 4,125 $ 1,221 $ 1,099 $ — $ 6,445 Equity earnings in affiliates 26 — 1 — 27 Total segment revenues $ 4,151 $ 1,221 $ 1,100 $ — $ 6,472 Depreciation and amortization $ 377 $ 257 $ 89 $ 5 $ 728 Segment EBITDA 1,481 503 563 (138 ) 2,409 Nine months ended September 30, 2017 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 3,575 $ 1,211 $ 1,137 $ — $ 5,923 Equity earnings in affiliates 26 — — — 26 Total segment revenues $ 3,601 $ 1,211 $ 1,137 $ — $ 5,949 Depreciation and amortization $ 334 $ 264 $ 95 $ 5 $ 698 Segment EBITDA 1,330 498 520 (128 ) 2,220 The following table presents a reconciliation of reportable segment amounts to the Company’s consolidated balances for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Total segment revenues $ 2,158 $ 2,067 $ 6,472 $ 5,949 Adjustments: Non wholly-owned entities (a) — 14 14 49 Reimbursable items (b) 211 995 613 2,904 Consolidated revenues $ 2,369 $ 3,076 $ 7,099 $ 8,902 Total segment EBITDA $ 815 $ 786 $ 2,409 $ 2,220 Adjustments: Non wholly-owned entities (a) 7 9 29 21 Depreciation and amortization (248 ) (248 ) (753 ) (713 ) Interest expense, net (231 ) (233 ) (698 ) (702 ) Loss on debt extinguishment (2 ) (1 ) (3 ) (72 ) Other items (c) 173 (61 ) 95 (120 ) Stock-based compensation (59 ) (62 ) (192 ) (183 ) Income tax expense (54 ) 106 (44 ) 66 Net income attributable to First Data Corporation $ 401 $ 296 $ 843 $ 517 (a) Net adjustment to reflect the Company's proportionate share of the results of the Company's investments in businesses accounted for under the equity method and consolidated subsidiaries with noncontrolling ownership interests. Segment revenue for the Company's significant affiliates is reflected based on the Company's proportionate share of the results of the Company's investments in businesses accounted for under the equity method and consolidated subsidiaries with noncontrolling ownership interests. For other affiliates, the Company includes equity earnings in affiliates, excluding amortization expense, in segment revenue. (b) Reimbursable items for the three and nine months ended September 30, 2018 reflect adoption of the New Revenue Standard. (c) See "Other operating expenses, net" and "Other income (expense)" in the Company's unaudited consolidated statements of income. The following table presents a reconciliation of reportable segment depreciation and amortization expense to the amounts in the unaudited consolidated statements of cash flows and statements of income for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Segment depreciation and amortization $ 240 $ 245 $ 728 $ 698 Adjustments for non wholly-owned entities 16 15 48 50 Amortization of payments for customer contracts (a) 14 20 40 58 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 270 280 816 806 Amortization of equity method investments (b) (8 ) (12 ) (23 ) (35 ) Amortization of payments for customer contracts (a) (14 ) (20 ) (40 ) (58 ) Total consolidated depreciation and amortization per unaudited consolidated statements of income $ 248 $ 248 $ 753 $ 713 (a) Included in "Revenues excluding reimbursable items" as contra-revenue in the Company's unaudited consolidated statements of income. (b) Included in "Equity earnings in affiliates" in the Company's unaudited consolidated statements of income.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents the Company's income tax expense and effective income tax rate for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Income tax (benefit) expense $ 54 $ (106 ) $ 44 $ (66 ) Effective income tax rate 11 % (45 )% 4 % (11 )% The effective tax rates for the three and nine months ended September 30, 2018 were lower than the U.S. federal statutory rate of 21% primarily due to net benefits of $52 million and $172 million , respectively, that include reductions to the liability for unrecognized tax benefits and interest primarily associated with the closure of the 2005 through 2007 federal tax years (specifically impacting the nine month period), tax impacts associated with legal entity dispositions, equity compensation related tax benefits, tax benefits associated with current and prior year research and development credits, and not recording tax expense on income associated with noncontrolling interests from pass through entities. These benefits were partially offset by expenses associated with state income taxes, disallowed executive compensation deductions, and the current U.S. taxation on certain non-U.S. income. The effective tax rates for the three and nine months ended September 30, 2017 differed from the U.S. federal statutory tax rate of 35% as a result of certain benefits including a $132 million valuation allowance release from purchase accounting related deferred tax liabilities established upon the purchase of CardConnect and a $10 million valuation allowance release in certain foreign jurisdictions due to improved financial performance. The nine months ended September 30, 2017 also included a $10 million benefit from a valuation allowance release resulting from purchase accounting related deferred tax liabilities established upon the purchase of Acculynk. On December 22, 2017, the Tax Cuts and Jobs Act was signed into law and the Company made reasonable estimates of the effects on its existing deferred tax balances, valuation allowance assessment for certain tax assets, and the one-time transition tax at that time. These amounts recorded represent estimates under SEC guidance which provides a one-year measurement period to refine the estimates based on new information or the issuance of interpretive guidance. These estimates were further refined within the third quarter ended September 30, 2018, principally as a result of finalizing the 2017 income tax return. The Company may require additional adjustments during the fourth quarter as a result of the issuance of additional legislative or accounting guidance. The Company's liability for unrecognized tax benefits was approximately $102 million as of September 30, 2018 . The Company believes it is reasonably possible that the liability for unrecognized tax benefits may decrease by up to $28 million over the next twelve months beginning October 1, 2018 as a result of possible closure of federal tax audits, potential settlements with certain states and foreign countries, the lapse of the statute of limitations in various state and foreign jurisdictions and other events.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 30, 2018
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Redeemable Noncontrolling Interest One of the Company's noncontrolling interests is redeemable at the option of the holder and is presented outside of equity and carried at its estimated redemption value. The following table presents a summary of the redeemable noncontrolling interest activity during the nine months ended September 30, 2018 and 2017 : (in millions) 2018 2017 Balance as of January 1, $ 72 $ 73 Distributions (24 ) (24 ) Share of income 24 24 Adjustment to redemption value of redeemable noncontrolling interest 6 (1 ) Balance as of September 30, $ 78 $ 72

Other Operating Expenses, Net

Other Operating Expenses, Net	9 Months Ended
	Sep. 30, 2018
Other Income and Expenses [Abstract]
Other Operating Expenses, Net	Other Operating Expenses, Net The following table details the components of "Other operating expenses, net" in the unaudited consolidated statements of income for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Restructuring, net $ 20 $ 24 $ 68 $ 63 Asset impairment — 8 — 14 Deal and deal integration costs 1 21 4 26 Merchant matters 1 — 26 — Other 7 4 8 5 Other operating expenses, net $ 29 $ 57 $ 106 $ 108 Restructuring During the three and nine months ended September 30, 2018 and 2017 , the Company recorded restructuring charges in connection with ongoing expense management initiatives. The Company has ongoing initiatives, which are expected to result in $10 million in additional restructuring costs over the next twelve months. Th e Company continues to evaluate operating efficiencies and could incur further restructuring costs beyond these initiatives. A summary of net pretax charges incurred by segment was as follows for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Global Business Solutions $ 6 $ 14 $ 14 $ 29 Global Financial Solutions 3 4 7 12 Network & Security Solutions 4 1 24 4 Corporate 7 5 23 18 Restructuring, net $ 20 $ 24 $ 68 $ 63 The following table summarizes the Company’s utilization of restructuring accruals for the nine months ended September 30, 2018 : (in millions) Employee Severance Other Total Remaining accrual as of January 1, 2018 $ 21 $ — $ 21 Employee expense 51 — 51 Exit costs — 17 17 Cash payments and other (56 ) (9 ) (65 ) Remaining accrual as of September 30, 2018 $ 16 $ 8 $ 24

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions In September 2018, the Company divested its card processing business in Central and Southeastern Europe for proceeds of €387 million (the U.S. dollar equivalent is approximately $449 million ), subject to closing adjustments. The divestiture does not represent a strategic shift that will have a major effect on the Company’s operations and financial statements. The card processing business in Central and Southeastern Europe is reported within the Global Financial Solutions segment and had revenue and operating income of $79 million and $15 million , respectively, for 2018 through the disposition date. The total gain on disposition recognized was $175 million , which is included in "Other income (expense)" in the unaudited consolidated statement of income in the third quarter of 2018. In August 2018, the Company divested 100% of its remittance processing business in the U.S. ("REMITCO") for proceeds of approximately $100 million , subject to closing adjustments. The REMITCO business is reported within the Global Financial Solutions segment and had revenue and operating loss of $50 million and $1 million , respectively, for 2018 through the disposition date. The total gain on disposition recognized was $31 million , which is included in "Other income (expense)" in the unaudited consolidated statement of income in the third quarter of 2018. In January 2018 the Company acquired 100% of GreekBill, a web-based billing and financial management company catering exclusively to fraternities and sororities. The purchase price was approximately $17 million and GreekBill is reported as part of the Company's Global Business Solutions segment. The acquisition of GreekBill had an immaterial impact on revenue and operating income.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company enters into the following types of derivatives: • Interest rate contracts: The Company uses a combination of floating to fixed interest rate swaps and collars to mitigate its exposure to interest rate fluctuations on interest payments related to variable rate debt. For the interest rate swaps, floating rate payments are received in exchange for fixed-rate payments. For interest rate collar contracts, no payments or receipts are exchanged unless interest rates rise or fall in excess of a predetermined ceiling or floor rate. The Company uses these contracts in a qualifying hedging relationship. • Foreign exchange contracts: The Company uses cross-currency swaps to protect the net investment in certain foreign subsidiaries and/or affiliates with respect to changes in foreign currency exchange rates. The Company uses these contracts in both qualifying and non-qualifying hedging relationships. The Company held the following derivative instruments as of September 30, 2018 and December 31, 2017 : As of September 30, 2018 As of December 31, 2017 (in millions) Notional Currency Notional Value Assets (a) Liabilities (a) Notional Value Assets (a) Liabilities (a) Derivatives designated as hedges of net investments in foreign operations: Foreign exchange contracts (b) AUD — $ — $ — 100 $ 28 $ — Foreign exchange contracts EUR 915 — 36 915 — 76 Foreign exchange contracts GBP 150 2 — 150 — 6 Foreign exchange contracts CAD 95 — — 95 — 2 2 36 28 84 Derivatives designated as cash flow hedges: Interest rate collar contracts (c) USD 2,800 17 — 4,300 12 — Interest rate swap contracts (d) USD 2,500 — 1 — — — 17 1 12 — $ 19 $ 37 $ 40 $ 84 (a) The Company's derivatives are subject to master netting agreements to the extent that the swaps are with the same counterparty. The terms of those agreements require that the Company net settle the outstanding positions at the option of the counterparty upon certain events of default. (b) The cross-currency swap with a notional value of AUD $ 100 million matured on January 18, 2018 and the Company received $26 million . (c) The interest rate collar with a notional value of $1.5 billion matured on September 24, 2018. (d) The Company entered into new interest rate swaps with a notional value of $2.5 billion in May 2018 which expire May 2021. The maximum length of time over which the Company is hedging its currency exposure of net investments in foreign operations, through utilization of foreign exchange contracts, is through June 2020. The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions related to the payment of variable interest on existing financial instruments is through May 2021. As of September 30, 2018 , the Company has not posted any collateral related to any of its derivative financial instruments. Fair Value Measurement The carrying amounts for the Company's derivative financial instruments are the estimated fair value of the financial instruments. The Company’s derivatives are not exchange listed and therefore the fair value is estimated under an income approach using Bloomberg analytics models that are based on readily observable market inputs. These models reflect the contractual terms of the derivatives, such as notional value and expiration date, as well as market-based observables including interest and foreign currency exchange rates, yield curves, and the credit quality of the counterparties. The models also incorporate the Company’s creditworthiness in order to appropriately reflect non-performance risk. Inputs to the derivative pricing models are generally observable and do not contain a high level of subjectivity and, accordingly, the Company’s derivatives were classified within Level 2 of the fair value hierarchy. While the Company believes its estimates result in a reasonable reflection of the fair value of these instruments, the estimated values may not be representative of actual values that could have been realized or that will be realized in the future. Effect of Derivative Instruments on the Unaudited Consolidated Financial Statements Derivative gains and (losses) were as follows for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 (in millions, pretax) Interest Foreign Interest Foreign Interest Foreign Interest Foreign Derivatives designated as hedging instruments: Gain (Loss) recognized in "Foreign currency translation adjustment" in the unaudited consolidated statements of comprehensive income (effective portion) $ — $ 14 $ — $ (42 ) $ — $ 70 $ — $ (85 ) Gain recognized in "Derivative instruments" in the unaudited consolidated statements of comprehensive income (effective portion) 4 — 1 — 4 — — — Derivatives not designated as hedging instruments: Gain recognized in "Other (expense) income" in the unaudited consolidated statements of income (a) — 4 — — — — — — (a) The Company entered into a deal contingent foreign exchange contract with a notional value of €375 million in June 2018 which settled in September 2018. Accumulated Derivative Gains and Losses The following table summarizes activity in other comprehensive income related to derivative instruments classified as cash flow hedges and net investment hedges held by the Company for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, (in millions, after tax) 2018 2017 2018 2017 Accumulated gain included in other comprehensive income at beginning of period $ 163 $ 133 $ 121 $ 177 Increase (Decrease) in fair value of derivatives that qualify for hedge accounting, net of tax (a) (b) 13 (41 ) 55 (85 ) Accumulated gain included in other comprehensive income at end of period $ 176 $ 92 $ 176 $ 92 (a) Gains (losses) are included in "Derivative instruments" and “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income. (b) Net of tax of $5 million and $0 million for the three months ended September 30, 2018 and 2017 , respectively, and $19 million and $0 million for the nine months ended September 30, 2018 and 2017 , respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is involved in various legal proceedings. Accruals have been made with respect to these matters, where appropriate, which are reflected in the Company’s unaudited consolidated financial statements. The Company may enter into discussions regarding settlement of these matters and may enter into settlement agreements, if it believes settlement is in the best interest of the Company. The matters discussed below, if decided adversely to or settled by the Company, individually or in the aggregate, may result in liability material to the Company’s financial condition and/or results of operations. There are asserted claims against the Company where an unfavorable outcome is considered to be reasonably possible. These claims can generally be categorized in the following areas: (1) patent infringement which results from claims that the Company is using technology that has been patented by another party; (2) merchant matters often associated with alleged processing errors or disclosure issues and claims that one of the subsidiaries of the Company has violated a federal or state requirement regarding credit reporting or collection in connection with its check verification guarantee and collection activities or other claims arising from its merchant business; and (3) other matters which may include issues such as employment and indemnification obligations to purchasers of former subsidiaries. The Company’s estimates of the possible ranges of losses in excess of any amounts accrued are $0 to $3 million for patent infringement, $0 to $100 million for merchant matters, and $0 to $5 million for other matters, resulting in a total estimated range of possible losses of $0 to $108 million for all of the matters described above. The estimated range of reasonably possible losses is based on information currently available and involves elements of judgment and significant uncertainties. As additional information becomes available and the resolution of the uncertainties becomes more apparent, it is possible that actual losses may exceed the high end of the estimated range.

Investment in Affiliates

Investment in Affiliates	9 Months Ended
	Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment in Affiliates	Investment in Affiliates Segment results include the Company’s proportionate share of income from affiliates, which consist of unconsolidated investments accounted for under the equity method of accounting. The most significant of these affiliates are related to the Company’s merchant bank alliance program. As of September 30, 2018 , the Company had no unconsolidated significant subsidiaries that were not required to be consolidated, but represented more than 20% of the Company’s pretax income. As of September 30, 2017 , the Company had one unconsolidated significant subsidiary that was not required to be consolidated, but represented more than 20% of the Company’s pretax income. Summarized unaudited financial information for this affiliate is presented below for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Net operating revenues $ 202 $ 209 $ 610 $ 631 Operating expenses 101 103 304 304 Operating income $ 101 $ 106 $ 306 $ 327 Net income $ 103 $ 106 $ 309 $ 327 FDC equity earnings 36 36 109 112

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 5, 2018, the Company made a prepayment of $500 million for the senior secured term loan facility due 2020, utilizing $156 million and $344 million of borrowings from the receivable securitization facility and cash from operations, respectively. On October 26, 2018, the Company refinanced its senior secured revolving credit facility and senior secured term loan facility with a $6 billion senior secured credit facility which consists of a $1.25 billion 5 -year Revolver due October 2023 and $4.75 billion 5 -year Term Loan A due October 2023 with grid-based pricing opening at LIBOR plus 150 bps. The new senior secured credit facility is subjected to certain earlier springing maturity provisions under certain circumstances. A portion of the proceeds from the issuance of the new Term Loan A was used to repay the balance of the outstanding Term Loan A due June 2020 (approximately $923 million ), and the remainder will be used to redeem other existing indebtedness. Estimated annual interest cost savings resulting from these actions is $90 million . The new senior secured credit facility is subjected to certain earlier springing maturity provisions under certain circumstances.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Presentation Depreciation and amortization, presented as a separate line item on the Company’s unaudited consolidated statements of income, does not include amortization of payments for customer contracts which is recorded as contra-revenue within “Revenues excluding reimbursable items.” Also not included is amortization related to equity method investments which is netted within “Equity earnings in affiliates.” Basis of Presentation The accompanying unaudited consolidated financial statements of the Company should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and the Company's Form 8-K filed August 13, 2018. Significant accounting policies disclosed therein have not changed, except for those disclosed below in the recently adopted section. The accompanying consolidated financial statements are unaudited; however, in the opinion of management, they include all normal recurring adjustments necessary for a fair presentation of the consolidated financial position of the Company, the consolidated results of the Company's operations, comprehensive income, consolidated cash flows and changes in equity as of and for the periods presented. Results of operations reported for interim periods are not necessarily indicative of results for the entire year due in part to the seasonality of certain business units.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Treasury Stock	Treasury Stock In connection with the vesting of restricted stock awards or exercise of stock options, shares of Class A and Class B common stock are delivered to the Company by employees to satisfy tax withholding obligations. The Company accounts for treasury stock activities under the cost method whereby the cost of the acquired stock is recorded as treasury stock. Because Class B common stock converts automatically to Class A common stock upon any transfer, whether or not for value, except for certain transactions described in the Company's amended and restated certificate of incorporation, all shares of treasury stock are Class A common stock.
Foreign Currency Translation	Foreign Currency Translation There has been a steady devaluation of the Argentine peso relative to the United States dollar in recent years, primarily due to inflation. A highly inflationary economy is defined as an economy with a cumulative inflation rate of approximately 100 percent or more over a three-year period. If a country’s economy is classified as highly inflationary, the financial statements of the foreign entity operating in that country must be remeasured to the functional currency of the reporting entity. As of June 30, 2018, the Argentine economy was designated as highly inflationary for accounting purposes. Accordingly, beginning July 1, 2018 the Company began reporting the financial results of its operations in Argentina at the functional currency of the parent, which is the U.S. dollar. E xchange gains and losses from the remeasurement of monetary assets and liabilities for the three months ended September 30, 2018 are reflected in "Other income (expense)" on the unaudited consolidated statements of income rather than “Accumulated other comprehensive loss” on the unaudited consolidated balance sheet. The Company recognized $3 million in foreign currency exchange losses for the three months ended September 30, 2018 from remeasurement of the operations in Argentina to the parent functional currency.
Reclassifications	Reclassifications Certain amounts for prior years have been reclassified to conform with the current year financial statement presentation.
New Accounting Guidance	New Accounting Guidance Recently Adopted Accounting Guidance Stock-based Compensation In May 2017, the FASB issued guidance that clarifies when changes to terms or conditions of a stock-based payment award must be accounted for as a modification. Under the new guidance, companies only apply modification accounting guidance if the fair value, vesting conditions or classification of an award changes. The guidance was adopted prospectively to awards modified on or after the adoption date. The Company adopted the new guidance on January 1, 2018. The impact of adoption on the Company's consolidated financial statements is dependent on future changes to share-based compensation awards. In June 2018, the FASB issued guidance that simplifies the accounting for share-based payments to nonemployees in exchange for goods and services by aligning with the accounting for share-based payments to employees, with certain exceptions. The standard is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption is permitted. The Company adopted the new guidance on July 1, 2018, using the modified retrospective approach, with an immaterial impact to the Company’s consolidated financial statements. Statement of Cash Flows In November 2016, the FASB issued guidance that changes the presentation of restricted cash and restricted cash equivalents on the statement of cash flows. Under the new guidance, companies are required to include restricted cash and restricted cash equivalents with the cash and cash equivalents line item when reconciling beginning-of-period and end-of-period total amounts shown on the statement of cash flows. Given this change, transfers between cash, cash equivalents, and restricted cash and cash equivalents are no longer reported as cash flow activities on the statement of cash flows. The guidance was applied using a retrospective transition method to each period presented. The Company adopted the new guidance on January 1, 2018 with no material impact to its statement of cash flows. The Company held $28 million , $27 million , $27 million and $30 million in restricted cash within "Other long-term assets" in the unaudited consolidated balance sheets as of September 30, 2018, December 31, 2017, September 30, 2017, and December 31, 2016, respectively. Pension Costs In March 2017, the FASB issued guidance that requires employers that sponsor defined benefit plans for pensions and/or other post-retirement benefits to present the service cost component of net periodic benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Employers will present the other components of the net periodic benefit cost separately from the line item that includes the service cost and outside of any subtotal of operating income, if one is presented. These components will not be eligible for capitalization in assets. The Company adopted the new guidance on January 1, 2018, using a retrospective approach. The impact on the Company's consolidated financial statements for the three and nine months ended September 30, 2018 was an increase in operating expense and a decrease in "Interest expense, net" of $2 million and $5 million , respectively, and $1 million and $4 million for the comparable periods in 2017 . Derivatives and Hedging In August 2017, the FASB issued guidance to simplify the current application of hedge accounting. This standard is intended to better align a company’s risk management strategies and financial reporting for hedging relationships through changes to both designation and measurement for qualifying hedging relationships and more accurately presenting the economic effects in the financial statements. In addition, the new guidance establishes flexibility in the requirements to qualify and maintain hedge accounting. The Company adopted the new guidance on January 1, 2018 with no material impact to the Company’s consolidated financial statements. Revenue Recognition In May 2014, the FASB issued ASC 606 and ASC 340-40 (collectively, the New Revenue Standard) that requires companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in an exchange for those goods or services. It also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively, and improves guidance for multiple-element arrangements. The FASB has subsequently issued several amendments to the New Revenue Standard, including clarification on accounting for licenses, identifying performance obligations, and principal versus agent consideration (reporting revenue gross vs. net). The Company adopted the New Revenue Standard using a modified retrospective basis on January 1, 2018 to all contracts that were not completed. The adoption resulted in an increase to accumulated loss of $13 million for the cumulative effect of applying the New Revenue Standard. This impact was principally driven by certain software arrangements being recognized sooner; changes related to costs to obtain customers, including the related amortization period; and the release of deferred revenue associated with Clover terminals that had previously lacked standalone value. Under the modified retrospective basis, the Company did not restate its comparative consolidated financial statements for these effects. The following tables present the impact of adopting the New Revenue Standard on the Company’s unaudited consolidated financial statements for the three and nine months ended September 30, 2018 : Three months ended September 30, 2018 (in millions, except per share amounts) As Reported Adjustments Amounts Without Adoption of ASC 606 Revenues: Revenues excluding reimbursable items $ 2,158 $ (34 ) $ 2,124 Reimbursable items 211 919 1,130 Total revenues 2,369 885 3,254 Expenses: Total expenses excluding reimbursable items 1,683 (33 ) 1,650 Reimbursable items 211 919 1,130 Total expenses 1,894 886 2,780 Operating profit 475 (1 ) 474 Interest expense, net (231 ) — (231 ) Loss on debt extinguishment (2 ) — (2 ) Other income 202 — 202 Income before income taxes and equity earnings in affiliates 444 (1 ) 443 Income tax expense 54 — 54 Equity earnings in affiliates 58 — 58 Net income 448 (1 ) 447 Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 47 — 47 Net income attributable to First Data Corporation $ 401 $ (1 ) $ 400 Net income attributable to First Data Corporation per share: Basic $ 0.43 $ — $ 0.43 Diluted $ 0.42 $ — $ 0.42 Nine months ended September 30, 2018 (in millions, except per share amounts) As Reported Adjustments Amounts Without Adoption of ASC 606 Revenues: Revenues excluding reimbursable items $ 6,486 $ (119 ) $ 6,367 Reimbursable items 613 2,640 3,253 Total revenues 7,099 2,521 9,620 Expenses: Total expenses excluding reimbursable items 5,125 (94 ) 5,031 Reimbursable items 613 2,640 3,253 Total expenses 5,738 2,546 8,284 Operating profit 1,361 (25 ) 1,336 Interest expense, net (698 ) — (698 ) Loss on debt extinguishment (3 ) — (3 ) Other income 201 — 201 Income before income taxes and equity earnings in affiliates 861 (25 ) 836 Income tax expense 44 (6 ) 38 Equity earnings in affiliates 167 — 167 Net income 984 (19 ) 965 Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 141 — 141 Net income attributable to First Data Corporation $ 843 $ (19 ) $ 824 Net income attributable to First Data Corporation per share: Basic $ 0.91 $ (0.02 ) $ 0.89 Diluted $ 0.88 $ (0.02 ) $ 0.86 The adoption of the New Revenue Standard had an immaterial impact on the Company’s unaudited consolidated balance sheet and unaudited consolidated statement of cash flows as of and for the three and nine months ended September 30, 2018. See note 3 "Revenue Recognition" for more information. Recently Issued Accounting Guidance Leases In February 2016, the FASB issued guidance which requires lessees to recognize most leases on their balance sheets. The guidance also modifies the classification criteria and the accounting for sales-type and direct financing leases for lessors and provides new presentation and disclosure requirements for both lessees and lessors. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company will adopt the new standard on January 1, 2019. While the Company continues to assess all of the effects of the adoption of the guidance, the Company does not believe that the adoption of the new standard will have a material impact on its consolidated financial statements. Credit Losses In June 2016, the FASB issued guidance that will change the accounting for credit loss impairment. Under the new guidance, companies are required to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This new guidance will be effective for public companies for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. Internal-Use Software In August 2018, the FASB issued guidance to align the requirements for capitalizing certain implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The guidance provides flexibility in adoption, allowing for either retrospective adjustment or prospective adjustment for all implementation costs incurred after the date of adoption. The Company is currently reviewing the new guidance to assess the impact to the consolidated financial statements. Fair Value Measurements In August 2018, the FASB issued guidance that modified the disclosures on fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. The new guidance also expands disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company is in the process of evaluating the impact of the guidance on its consolidated financial statements. SEC Disclosure Requirements In August 2018, the SEC issued a final rule that amends certain disclosure requirements that were duplicative, outdated or superseded. In addition, the final rule expanded the financial reporting requirements for changes in stockholders’ equity for interim reporting periods. The Company will adopt this new rule beginning with its financing reporting for the quarter ended March 31, 2019. The Company is currently evaluating the impact of the final rule on its consolidated financial statements.
Revenue Recognition	Revenues are recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To achieve this core principle, the Company applies the following five steps: 1. Identify the contract with a customer 2. Identify the performance obligations in the contract 3. Determine the transaction price 4. Allocate the transaction price to the performance obligations in the contract 5. Recognize revenue when or as the entity satisfies a performance obligation Revenue is recognized net of taxes collected from customers, which are subsequently remitted to governmental authorities. The Company has elected to present shipping and handling costs associated with its products as a cost of fulfilling the Company's promise to transfer its products and services.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of amounts associated with amortization of initial payments for new contracts and equity method investments	The following table presents the amounts associated with such amortization for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Amortization of payments for customer contracts $ 14 $ 20 $ 40 $ 58 Amortization related to equity method investments 8 12 23 35
Impact of adopting the new revenue standard	The following tables present the impact of adopting the New Revenue Standard on the Company’s unaudited consolidated financial statements for the three and nine months ended September 30, 2018 : Three months ended September 30, 2018 (in millions, except per share amounts) As Reported Adjustments Amounts Without Adoption of ASC 606 Revenues: Revenues excluding reimbursable items $ 2,158 $ (34 ) $ 2,124 Reimbursable items 211 919 1,130 Total revenues 2,369 885 3,254 Expenses: Total expenses excluding reimbursable items 1,683 (33 ) 1,650 Reimbursable items 211 919 1,130 Total expenses 1,894 886 2,780 Operating profit 475 (1 ) 474 Interest expense, net (231 ) — (231 ) Loss on debt extinguishment (2 ) — (2 ) Other income 202 — 202 Income before income taxes and equity earnings in affiliates 444 (1 ) 443 Income tax expense 54 — 54 Equity earnings in affiliates 58 — 58 Net income 448 (1 ) 447 Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 47 — 47 Net income attributable to First Data Corporation $ 401 $ (1 ) $ 400 Net income attributable to First Data Corporation per share: Basic $ 0.43 $ — $ 0.43 Diluted $ 0.42 $ — $ 0.42 Nine months ended September 30, 2018 (in millions, except per share amounts) As Reported Adjustments Amounts Without Adoption of ASC 606 Revenues: Revenues excluding reimbursable items $ 6,486 $ (119 ) $ 6,367 Reimbursable items 613 2,640 3,253 Total revenues 7,099 2,521 9,620 Expenses: Total expenses excluding reimbursable items 5,125 (94 ) 5,031 Reimbursable items 613 2,640 3,253 Total expenses 5,738 2,546 8,284 Operating profit 1,361 (25 ) 1,336 Interest expense, net (698 ) — (698 ) Loss on debt extinguishment (3 ) — (3 ) Other income 201 — 201 Income before income taxes and equity earnings in affiliates 861 (25 ) 836 Income tax expense 44 (6 ) 38 Equity earnings in affiliates 167 — 167 Net income 984 (19 ) 965 Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 141 — 141 Net income attributable to First Data Corporation $ 843 $ (19 ) $ 824 Net income attributable to First Data Corporation per share: Basic $ 0.91 $ (0.02 ) $ 0.89 Diluted $ 0.88 $ (0.02 ) $ 0.86

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of borrowings	(in millions) As of September 30, As of December 31, Short-term borrowings: Foreign lines of credit and other arrangements $ 76 $ 205 Senior secured revolving credit facility due 2020 at LIBOR plus 3.50% or a base rate plus 2.50% — 272 Receivable securitized loan at LIBOR plus 1.15% or a base rate equal to the highest of (i) the applicable lender's prime rate, or (ii) the federal funds rate plus 0.50% 124 600 Unamortized deferred financing costs (a) (3 ) (3 ) Total short-term borrowings 197 1,074 Current portion of long-term borrowings: Senior secured term loan facility due 2020 at LIBOR plus 1.75% or a base rate plus 0.75% 500 78 Other arrangements and capital lease obligations 109 119 Total current portion of long-term borrowings (b) 609 197 Total short-term and current portion of long-term borrowings 806 1,271 Long-term borrowings: Senior secured term loan facility due 2024 at LIBOR plus 2.0% or a base rate plus 1.0% 3,892 3,892 Senior secured term loan facility due 2022 at LIBOR plus 2.0% or a base rate plus 1.0% 3,293 3,758 Senior secured term loan facility due 2020 at LIBOR plus 1.75% or a base rate plus 0.75% 923 1,404 5.375% Senior secured first lien notes due 2023 1,210 1,210 5.0% Senior secured first lien notes due 2024 1,900 1,900 5.75% Senior secured second lien notes due 2024 2,200 2,200 7.0% Senior unsecured notes due 2023 3,400 3,400 Unamortized discount and unamortized deferred financing costs (a) (102 ) (123 ) Other arrangements and capital lease obligations 233 286 Total long-term borrowings (b) 16,949 17,927 Total borrowings (c) $ 17,755 $ 19,198 (a) Unamortized deferred financing costs and certain lenders' fees associated with debt transactions were capitalized as discounts and are amortized on a straight-line basis, which approximates the effective interest method, over the remaining term of the respective debt. (b) As of September 30, 2018 and December 31, 2017 , the fair value of the Company's long-term borrowings, excluding other arrangements and capital lease obligations, was $17.5 billion and $18.2 billion , respectively. The estimated fair value of the Company's long-term borrowings was primarily based on market trading prices and is considered to be a Level 2 measurement. (c) The effective interest rate is not substantially different than the coupon rate on any of the Company's debt tranches.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of amounts associated with processing services revenue	Interchange fees and assessments charged by credit card and debit networks to the Company’s consolidated subsidiaries were as follows for the three and nine months ended September 30, 2018 and 2017 . Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Interchange fees and assessments $ 7,113 $ 6,598 $ 20,753 $ 19,229 Debit network fees (a) 919 820 2,640 2,384 (a) Prior to the adoption of the New Revenue Standard, debit network fees were reported on a gross basis in revenues and expenses.
Revenue disaggregated by geographical regions and product types	The following tables present revenues disaggregated by primary geographical regions and product types for the three and nine months ended September 30, 2018 : Three months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 1,094 $ 440 $ 355 $ 1,889 EMEA 173 116 3 292 LATAM 76 33 — 109 APAC 49 28 2 79 Total Revenue (a)(b) $ 1,392 $ 617 $ 360 $ 2,369 Nine months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 3,288 $ 1,295 $ 1,065 $ 5,648 EMEA 507 349 10 866 LATAM 247 101 1 349 APAC 147 84 5 236 Total Revenue (a)(b) $ 4,189 $ 1,829 $ 1,081 $ 7,099 Three months ended Nine months ended (in millions) Total Total Transaction and processing services $ 2,106 $ 6,277 Hardware, Professional Services, and Other 263 822 Total Revenue (a) $ 2,369 $ 7,099 (a) See note 6 "Segment Information" for the reconciliation to segment revenues. (b) Global Business Solutions includes non wholly-owned entities and Global Financial Solutions includes reimbursable items, which includes postage and customized orders.
Changes in deferred revenue	The following table presents the changes in deferred revenue for the nine months ended September 30, 2018 : (in millions) Nine months ended Balance, beginning of the period $ 344 New Revenue Standard adjustments (39 ) Deferral of revenue 169 Recognition of unearned revenue (159 ) Other (primarily foreign currency translation) (11 ) Balance, end of period $ 304

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock-based compensation expense recognized in the consolidated statements of operations	Total stock-based compensation expense recognized in the "Cost of revenues" and “Selling, general, and administrative” line items of the unaudited consolidated statements of income resulting from stock options, non-vested restricted stock awards, and non-vested restricted stock units was as follows for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, (in millions) 2018 2017 2018 2017 Cost of revenues $ 9 $ 19 $ 36 $ 54 Selling, general, and administrative 50 43 156 129 Total stock-based compensation expense $ 59 $ 62 $ 192 $ 183

Net Income Per Share Attribut_2

Net Income Per Share Attributable to First Data Corporation (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Computation of basic and diluted net income (loss) per share	The following table sets forth the computation of the Company's basic and diluted net income attributable to First Data Corporation per share for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, (in millions, except per share amounts) 2018 2017 2018 2017 Numerator: Net income attributable to First Data Corporation $ 401 $ 296 $ 843 $ 517 Denominator: Weighted average shares used in computing net income per share, basic 932 918 928 915 Effect of dilutive securities 33 26 28 23 Total dilutive securities 965 944 956 938 Net income attributable to First Data Corporation per share: Basic $ 0.43 $ 0.32 $ 0.91 $ 0.57 Diluted $ 0.42 $ 0.31 $ 0.88 $ 0.55 Anti-dilutive shares excluded from diluted net income per share (a) — 8 6 13 (a) Potentially dilutive securities whose effect would have been anti-dilutive are excluded from the computation of diluted earnings per share for all periods presented.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of operating segment results	The following tables present the Company’s reportable segment results for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 1,376 $ 407 $ 366 $ — $ 2,149 Equity earnings in affiliates 8 — 1 — 9 Total segment revenues $ 1,384 $ 407 $ 367 $ — $ 2,158 Depreciation and amortization $ 127 $ 81 $ 30 $ 2 $ 240 Segment EBITDA 503 161 195 (44 ) 815 Three months ended September 30, 2017 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 1,247 $ 416 $ 395 $ — $ 2,058 Equity earnings in affiliates 9 — — — 9 Total segment revenues $ 1,256 $ 416 $ 395 $ — $ 2,067 Depreciation and amortization $ 122 $ 89 $ 34 $ — $ 245 Segment EBITDA 465 179 184 (42 ) 786 Nine months ended September 30, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 4,125 $ 1,221 $ 1,099 $ — $ 6,445 Equity earnings in affiliates 26 — 1 — 27 Total segment revenues $ 4,151 $ 1,221 $ 1,100 $ — $ 6,472 Depreciation and amortization $ 377 $ 257 $ 89 $ 5 $ 728 Segment EBITDA 1,481 503 563 (138 ) 2,409 Nine months ended September 30, 2017 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Total revenues $ 3,575 $ 1,211 $ 1,137 $ — $ 5,923 Equity earnings in affiliates 26 — — — 26 Total segment revenues $ 3,601 $ 1,211 $ 1,137 $ — $ 5,949 Depreciation and amortization $ 334 $ 264 $ 95 $ 5 $ 698 Segment EBITDA 1,330 498 520 (128 ) 2,220
Schedule of reconciliation of reportable segment amounts to the consolidated balances	The following table presents a reconciliation of reportable segment amounts to the Company’s consolidated balances for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Total segment revenues $ 2,158 $ 2,067 $ 6,472 $ 5,949 Adjustments: Non wholly-owned entities (a) — 14 14 49 Reimbursable items (b) 211 995 613 2,904 Consolidated revenues $ 2,369 $ 3,076 $ 7,099 $ 8,902 Total segment EBITDA $ 815 $ 786 $ 2,409 $ 2,220 Adjustments: Non wholly-owned entities (a) 7 9 29 21 Depreciation and amortization (248 ) (248 ) (753 ) (713 ) Interest expense, net (231 ) (233 ) (698 ) (702 ) Loss on debt extinguishment (2 ) (1 ) (3 ) (72 ) Other items (c) 173 (61 ) 95 (120 ) Stock-based compensation (59 ) (62 ) (192 ) (183 ) Income tax expense (54 ) 106 (44 ) 66 Net income attributable to First Data Corporation $ 401 $ 296 $ 843 $ 517 (a) Net adjustment to reflect the Company's proportionate share of the results of the Company's investments in businesses accounted for under the equity method and consolidated subsidiaries with noncontrolling ownership interests. Segment revenue for the Company's significant affiliates is reflected based on the Company's proportionate share of the results of the Company's investments in businesses accounted for under the equity method and consolidated subsidiaries with noncontrolling ownership interests. For other affiliates, the Company includes equity earnings in affiliates, excluding amortization expense, in segment revenue. (b) Reimbursable items for the three and nine months ended September 30, 2018 reflect adoption of the New Revenue Standard. (c) See "Other operating expenses, net" and "Other income (expense)" in the Company's unaudited consolidated statements of income.
Schedule of reconciliation of reportable segment depreciation and amortization amounts to the consolidated balances	The following table presents a reconciliation of reportable segment depreciation and amortization expense to the amounts in the unaudited consolidated statements of cash flows and statements of income for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Segment depreciation and amortization $ 240 $ 245 $ 728 $ 698 Adjustments for non wholly-owned entities 16 15 48 50 Amortization of payments for customer contracts (a) 14 20 40 58 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 270 280 816 806 Amortization of equity method investments (b) (8 ) (12 ) (23 ) (35 ) Amortization of payments for customer contracts (a) (14 ) (20 ) (40 ) (58 ) Total consolidated depreciation and amortization per unaudited consolidated statements of income $ 248 $ 248 $ 753 $ 713 (a) Included in "Revenues excluding reimbursable items" as contra-revenue in the Company's unaudited consolidated statements of income. (b) Included in "Equity earnings in affiliates" in the Company's unaudited consolidated statements of income.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	The following table presents the Company's income tax expense and effective income tax rate for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Income tax (benefit) expense $ 54 $ (106 ) $ 44 $ (66 ) Effective income tax rate 11 % (45 )% 4 % (11 )%

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2018
Noncontrolling Interest [Abstract]
Summary of the redeemable noncontrolling interest activity	The following table presents a summary of the redeemable noncontrolling interest activity during the nine months ended September 30, 2018 and 2017 : (in millions) 2018 2017 Balance as of January 1, $ 72 $ 73 Distributions (24 ) (24 ) Share of income 24 24 Adjustment to redemption value of redeemable noncontrolling interest 6 (1 ) Balance as of September 30, $ 78 $ 72

Other Operating Expenses, Net (

Other Operating Expenses, Net (Tables)	9 Months Ended
	Sep. 30, 2018
Other Income and Expenses [Abstract]
Summary of other operating expenses	The following table details the components of "Other operating expenses, net" in the unaudited consolidated statements of income for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Restructuring, net $ 20 $ 24 $ 68 $ 63 Asset impairment — 8 — 14 Deal and deal integration costs 1 21 4 26 Merchant matters 1 — 26 — Other 7 4 8 5 Other operating expenses, net $ 29 $ 57 $ 106 $ 108
Summary of net pretax charges incurred by segment	A summary of net pretax charges incurred by segment was as follows for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Global Business Solutions $ 6 $ 14 $ 14 $ 29 Global Financial Solutions 3 4 7 12 Network & Security Solutions 4 1 24 4 Corporate 7 5 23 18 Restructuring, net $ 20 $ 24 $ 68 $ 63
Summary of utilization of restructuring accruals	The following table summarizes the Company’s utilization of restructuring accruals for the nine months ended September 30, 2018 : (in millions) Employee Severance Other Total Remaining accrual as of January 1, 2018 $ 21 $ — $ 21 Employee expense 51 — 51 Exit costs — 17 17 Cash payments and other (56 ) (9 ) (65 ) Remaining accrual as of September 30, 2018 $ 16 $ 8 $ 24

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	The Company held the following derivative instruments as of September 30, 2018 and December 31, 2017 : As of September 30, 2018 As of December 31, 2017 (in millions) Notional Currency Notional Value Assets (a) Liabilities (a) Notional Value Assets (a) Liabilities (a) Derivatives designated as hedges of net investments in foreign operations: Foreign exchange contracts (b) AUD — $ — $ — 100 $ 28 $ — Foreign exchange contracts EUR 915 — 36 915 — 76 Foreign exchange contracts GBP 150 2 — 150 — 6 Foreign exchange contracts CAD 95 — — 95 — 2 2 36 28 84 Derivatives designated as cash flow hedges: Interest rate collar contracts (c) USD 2,800 17 — 4,300 12 — Interest rate swap contracts (d) USD 2,500 — 1 — — — 17 1 12 — $ 19 $ 37 $ 40 $ 84 (a) The Company's derivatives are subject to master netting agreements to the extent that the swaps are with the same counterparty. The terms of those agreements require that the Company net settle the outstanding positions at the option of the counterparty upon certain events of default. (b) The cross-currency swap with a notional value of AUD $ 100 million matured on January 18, 2018 and the Company received $26 million . (c) The interest rate collar with a notional value of $1.5 billion matured on September 24, 2018. (d) The Company entered into new interest rate swaps with a notional value of $2.5 billion in May 2018 which expire May 2021.
Schedule of the effect of derivative instruments on the Consolidated Statements of Operations	Derivative gains and (losses) were as follows for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 (in millions, pretax) Interest Foreign Interest Foreign Interest Foreign Interest Foreign Derivatives designated as hedging instruments: Gain (Loss) recognized in "Foreign currency translation adjustment" in the unaudited consolidated statements of comprehensive income (effective portion) $ — $ 14 $ — $ (42 ) $ — $ 70 $ — $ (85 ) Gain recognized in "Derivative instruments" in the unaudited consolidated statements of comprehensive income (effective portion) 4 — 1 — 4 — — — Derivatives not designated as hedging instruments: Gain recognized in "Other (expense) income" in the unaudited consolidated statements of income (a) — 4 — — — — — — (a) The Company entered into a deal contingent foreign exchange contract with a notional value of €375 million in June 2018 which settled in September 2018
Summary of activity in other comprehensive income related to derivative instruments classified as cash flow hedges and as a net investment hedge	The following table summarizes activity in other comprehensive income related to derivative instruments classified as cash flow hedges and net investment hedges held by the Company for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, (in millions, after tax) 2018 2017 2018 2017 Accumulated gain included in other comprehensive income at beginning of period $ 163 $ 133 $ 121 $ 177 Increase (Decrease) in fair value of derivatives that qualify for hedge accounting, net of tax (a) (b) 13 (41 ) 55 (85 ) Accumulated gain included in other comprehensive income at end of period $ 176 $ 92 $ 176 $ 92 (a) Gains (losses) are included in "Derivative instruments" and “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income. (b) Net of tax of $5 million and $0 million for the three months ended September 30, 2018 and 2017 , respectively, and $19 million and $0 million for the nine months ended September 30, 2018 and 2017 , respectively.
Summary of activity in other comprehensive income related to derivative instruments classified as cash flow hedges and as a net investment hedge	The following table summarizes activity in other comprehensive income related to derivative instruments classified as cash flow hedges and net investment hedges held by the Company for the three and nine months ended September 30, 2018 and 2017 : Three months ended September 30, Nine months ended September 30, (in millions, after tax) 2018 2017 2018 2017 Accumulated gain included in other comprehensive income at beginning of period $ 163 $ 133 $ 121 $ 177 Increase (Decrease) in fair value of derivatives that qualify for hedge accounting, net of tax (a) (b) 13 (41 ) 55 (85 ) Accumulated gain included in other comprehensive income at end of period $ 176 $ 92 $ 176 $ 92 (a) Gains (losses) are included in "Derivative instruments" and “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income. (b) Net of tax of $5 million and $0 million for the three months ended September 30, 2018 and 2017 , respectively, and $19 million and $0 million for the nine months ended September 30, 2018 and 2017 , respectively.

Investment in Affiliates (Table

Investment in Affiliates (Tables)	9 Months Ended
	Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Summary of unaudited financial information related to the operating results	Summarized unaudited financial information for this affiliate is presented below for the three and nine months ended September 30, 2018 and 2017 : Three months ended Nine months ended (in millions) 2018 2017 2018 2017 Net operating revenues $ 202 $ 209 $ 610 $ 631 Operating expenses 101 103 304 304 Operating income $ 101 $ 106 $ 306 $ 327 Net income $ 103 $ 106 $ 309 $ 327 FDC equity earnings 36 36 109 112

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Amortization of Initial Payments for New Contracts and Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Amortization of payments for customer contracts	$ 14	$ 20	$ 40	$ 58
Amortization related to equity method investments	$ 8	$ 12	$ 23	$ 35

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Foreign Currency Translation (Details) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Exchange losses from remeasurement of operations in Argentina to parent functional currency	$ 3

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - New Accounting Guidance (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash	$ 28	$ 27	$ 28	$ 27	$ 27	$ 30
Interest expense, net	(231)	(233)	(698)	(702)
Adoption of new revenue standard					13
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of new revenue standard					$ 13
Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating expenses	$ 2	$ 1
Interest expense, net			$ 5	$ 4

Basis of Presentation and Sum_7

Basis of Presentation and Summary of Significant Accounting Policies - Impact of Adoption of New Revenue Standard (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenues		$ 2,369	$ 3,076	$ 7,099	$ 8,902
Expenses:
Total expenses		1,894	2,659	5,738	7,692
Operating profit		475	417	1,361	1,210
Interest expense, net		(231)	(233)	(698)	(702)
Loss on debt extinguishment		(2)	(1)	(3)	(72)
Other income		202	(4)	201	(7)
Income before income taxes and equity earnings in affiliates		444	179	861	429
Income tax expense		54	(106)	44	(66)
Equity earnings in affiliates		58	55	167	167
Net income		448	340	984	662
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		47	44	141	145
Net income attributable to First Data Corporation		$ 401	$ 296	$ 843	$ 517
Net income attributable to First Data Corporation per share:
Basic (in dollars per share)		$ 0.43	$ 0.32	$ 0.91	$ 0.57
Diluted (in dollars per share)		$ 0.42	$ 0.31	$ 0.88	$ 0.55
Excluding reimbursable items
Revenues:
Total revenues	[1]	$ 2,158	$ 2,081	$ 6,486	$ 5,998
Expenses:
Total expenses		1,683	1,664	5,125	4,788
Reimbursable items
Revenues:
Total revenues		211	995	613	2,904
Expenses:
Total expenses		211	$ 995	613	$ 2,904
Amounts Without Adoption of ASC 606
Revenues:
Total revenues		3,254		9,620
Expenses:
Total expenses		2,780		8,284
Operating profit		474		1,336
Interest expense, net		(231)		(698)
Loss on debt extinguishment		(2)		(3)
Other income		202		201
Income before income taxes and equity earnings in affiliates		443		836
Income tax expense		54		38
Equity earnings in affiliates		58		167
Net income		447		965
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		47		141
Net income attributable to First Data Corporation		$ 400		$ 824
Net income attributable to First Data Corporation per share:
Basic (in dollars per share)		$ 0.43		$ 0.89
Diluted (in dollars per share)		$ 0.42		$ 0.86
Amounts Without Adoption of ASC 606 | Excluding reimbursable items
Revenues:
Total revenues		$ 2,124		$ 6,367
Expenses:
Total expenses		1,650		5,031
Amounts Without Adoption of ASC 606 | Reimbursable items
Revenues:
Total revenues		1,130		3,253
Expenses:
Total expenses		1,130		3,253
Accounting Standards Update 2014-09 | Adjustments
Revenues:
Total revenues		885		2,521
Expenses:
Total expenses		886		2,546
Operating profit		(1)		(25)
Interest expense, net		0		0
Loss on debt extinguishment		0		0
Other income		0		0
Income before income taxes and equity earnings in affiliates		(1)		(25)
Income tax expense		0		(6)
Equity earnings in affiliates		0		0
Net income		(1)		(19)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		0		0
Net income attributable to First Data Corporation		$ (1)		$ (19)
Net income attributable to First Data Corporation per share:
Basic (in dollars per share)		$ 0		$ (0.02)
Diluted (in dollars per share)		$ 0		$ (0.02)
Accounting Standards Update 2014-09 | Adjustments | Excluding reimbursable items
Revenues:
Total revenues		$ (34)		$ (119)
Expenses:
Total expenses		(33)		(94)
Accounting Standards Update 2014-09 | Adjustments | Reimbursable items
Revenues:
Total revenues		919		2,640
Expenses:
Total expenses		$ 919		$ 2,640
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $56 million and $159 million for the three and nine months ended September 30, 2018, respectively, and $56 million and $162 million for the comparable periods in 2017.

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Short-term borrowings:
Total short-term borrowings	$ 197	$ 1,074
Unamortized deferred financing costs	(3)	(3)
Current portion of long-term borrowings:
Total current portion of long-term borrowings	609	197
Other arrangements and capital lease obligations	109	119
Total short-term and current portion of long-term borrowings	806	1,271
Long-term borrowings:
Total Long-term borrowings	16,949	17,927
Unamortized discount and unamortized deferred financing costs	(102)	(123)
Other arrangements and capital lease obligations	233	286
Total Borrowings	17,755	19,198
Long-term borrowings	17,500	18,200
Secured debt | Senior secured term loan facility due 2024 at LIBOR plus 2.0% or a base rate plus 1.0%
Long-term borrowings:
Total Long-term borrowings	$ 3,892	3,892
Secured debt | Senior secured term loan facility due 2024 at LIBOR plus 2.0% or a base rate plus 1.0% | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.00%
Secured debt | Senior secured term loan facility due 2024 at LIBOR plus 2.0% or a base rate plus 1.0% | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	1.00%
Secured debt | Senior secured term loan facility due 2022 at LIBOR plus 2.0% or a base rate plus 1.0%
Long-term borrowings:
Total Long-term borrowings	$ 3,293	3,758
Secured debt | Senior secured term loan facility due 2022 at LIBOR plus 2.0% or a base rate plus 1.0% | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.00%
Secured debt | Senior secured term loan facility due 2022 at LIBOR plus 2.0% or a base rate plus 1.0% | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	1.00%
Secured debt | Senior secured term loan facility due 2020 at LIBOR plus 1.75% or a base rate plus 0.75%
Current portion of long-term borrowings:
Total current portion of long-term borrowings	$ 500	78
Long-term borrowings:
Total Long-term borrowings	$ 923	1,404
Secured debt | Senior secured term loan facility due 2020 at LIBOR plus 1.75% or a base rate plus 0.75% | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	1.75%
Secured debt | Senior secured term loan facility due 2020 at LIBOR plus 1.75% or a base rate plus 0.75% | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	0.75%
Secured debt | 5.375% Senior secured first lien notes due 2023
Long-term borrowings:
Total Long-term borrowings	$ 1,210	1,210
Interest rate	5.375%
Secured debt | 5.0% Senior secured first lien notes due 2024
Long-term borrowings:
Total Long-term borrowings	$ 1,900	1,900
Interest rate	5.00%
Secured debt | 5.75% Senior secured second lien notes due 2024
Long-term borrowings:
Total Long-term borrowings	$ 2,200	2,200
Interest rate	5.75%
Unsecured debt | 7.0% Senior unsecured notes due 2023
Long-term borrowings:
Total Long-term borrowings	$ 3,400	3,400
Interest rate	7.00%
Line of credit | Foreign lines of credit and other arrangements
Short-term borrowings:
Total short-term borrowings	$ 76	205
Line of credit | Senior secured revolving credit facility due 2020 at LIBOR plus 3.50% or a base rate plus 2.50% | Revolving credit facility
Short-term borrowings:
Credit facility	$ 0	272
Line of credit | Senior secured revolving credit facility due 2020 at LIBOR plus 3.50% or a base rate plus 2.50% | Revolving credit facility | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	3.50%
Line of credit | Senior secured revolving credit facility due 2020 at LIBOR plus 3.50% or a base rate plus 2.50% | Revolving credit facility | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.50%
Receivable securitized loan at LIBOR plus 1.15% or a base rate equal to the highest of (i) the applicable lender's prime rate, or (ii) the federal funds rate plus 0.50%
Short-term borrowings:
Total short-term borrowings	$ 124	$ 600
Receivable securitized loan at LIBOR plus 1.15% or a base rate equal to the highest of (i) the applicable lender's prime rate, or (ii) the federal funds rate plus 0.50% | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	1.15%
Receivable securitized loan at LIBOR plus 1.15% or a base rate equal to the highest of (i) the applicable lender's prime rate, or (ii) the federal funds rate plus 0.50% | Federal Funds Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	0.50%

Borrowings - Foreign Lines of C

Borrowings - Foreign Lines of Credit and Other Arrangements (Details) - Line of credit - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Line of Credit Facility [Line Items]
Amount outstanding and uncommitted	$ 0	$ 15
Foreign lines of credit and other arrangements
Line of Credit Facility [Line Items]
Available amount	$ 368	$ 546
Weighted average interest rate	2.70%	2.90%
Foreign lines of credit and other arrangements | Affiliated entity
Line of Credit Facility [Line Items]
Available amount	$ 165	$ 355

Borrowings - Senior Secured Rev

Borrowings - Senior Secured Revolving Credit Facility (Details) - Line of credit - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Revolving credit facility | Senior secured revolving credit facility due June 2, 2020
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,250
Line of credit facility, remaining borrowing capacity	1,250
Letter of credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	250
Letter of credit | Senior secured revolving credit facility due June 2, 2020
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	$ 4	$ 29

Borrowings - Senior Unsecured R

Borrowings - Senior Unsecured Revolving Credit Facility (Details) - Line of credit - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Dec. 14, 2017
Revolving credit facility | Senior unsecured revolving credit facility due December 2019
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 33,000,000
Letter of credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 250,000,000
Letter of credit | Senior unsecured revolving credit facility due December 2019
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	$ 31,000,000	$ 0
Interest rate	1.85%	1.85%

Borrowings - Receivable Securit

Borrowings - Receivable Securitization Agreement (Details) - USD ($)	1 Months Ended	9 Months Ended
	Jul. 31, 2018	Sep. 30, 2018
Amended Receivable Securitization Agreement | Minimum
Debt Instrument [Line Items]
Unused fee, percentage	0.45%
Amended Receivable Securitization Agreement | Maximum
Debt Instrument [Line Items]
Unused fee, percentage	0.90%
Amended Receivable Securitization Agreement | LIBOR or Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.15%
Amended Receivable Securitization Agreement | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.50%
Amended Receivable Securitization Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Receivable securitized loan
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 600,000,000
Receivable securitized loan | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.15%
Receivable securitized loan | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.50%

Revenue Recognition - Interchan

Revenue Recognition - Interchange Fees and Assessments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue from Contract with Customer [Abstract]
Interchange fees and assessments	$ 7,113	$ 6,598	$ 20,753	$ 19,229
Debit network fees	$ 919	$ 820	$ 2,640	$ 2,384

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2,369	$ 3,076	$ 7,099	$ 8,902
Transaction and processing services
Disaggregation of Revenue [Line Items]
Total Revenue	2,106		6,277
Hardware, Professional Services, and Other
Disaggregation of Revenue [Line Items]
Total Revenue	263		822
North America
Disaggregation of Revenue [Line Items]
Total Revenue	1,889		5,648
EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	292		866
LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	109		349
APAC
Disaggregation of Revenue [Line Items]
Total Revenue	79		236
Global Business Solutions
Disaggregation of Revenue [Line Items]
Total Revenue	1,392		4,189
Global Business Solutions | North America
Disaggregation of Revenue [Line Items]
Total Revenue	1,094		3,288
Global Business Solutions | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	173		507
Global Business Solutions | LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	76		247
Global Business Solutions | APAC
Disaggregation of Revenue [Line Items]
Total Revenue	49		147
Global Financial Solutions
Disaggregation of Revenue [Line Items]
Total Revenue	617		1,829
Global Financial Solutions | North America
Disaggregation of Revenue [Line Items]
Total Revenue	440		1,295
Global Financial Solutions | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	116		349
Global Financial Solutions | LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	33		101
Global Financial Solutions | APAC
Disaggregation of Revenue [Line Items]
Total Revenue	28		84
Network & Security Solutions
Disaggregation of Revenue [Line Items]
Total Revenue	360		1,081
Network & Security Solutions | North America
Disaggregation of Revenue [Line Items]
Total Revenue	355		1,065
Network & Security Solutions | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	3		10
Network & Security Solutions | LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	0		1
Network & Security Solutions | APAC
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2		$ 5

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Long-term accounts receivable, net of allowance for doubtful accounts	$ 250	$ 272

Revenue Recognition - Changes i

Revenue Recognition - Changes in Deferred Revenue (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Change in Contract with Customer, Liability [Abstract]
Balance, beginning of the period	$ 344
New Revenue Standard adjustments	(39)
Deferral of revenue	169
Recognition of unearned revenue	(159)
Other (primarily foreign currency translation)	(11)
Balance, end of period	$ 304

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details	9 Months Ended
	Sep. 30, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contractual period	Larger contracts in the Global Business Solutions, Global Financial Solutions, and Network & Security Solutions segments typically have contractual terms ranging from one to fifteen years with variability being resolved on a daily basis.
Transaction and Processing Services or Hardware
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of performance obligation	95.00%

Revenue Recognition - Costs to

Revenue Recognition - Costs to Obtain and Fulfill a Contract (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Capitalized Contract Cost [Line Items]
Amortization expense	$ 14	$ 20	$ 40	$ 58
Contract Costs
Capitalized Contract Cost [Line Items]
Capitalized costs	155		155		$ 145
Amortization expense	14	20	40	58
Conversion Costs
Capitalized Contract Cost [Line Items]
Capitalized costs	173		173		$ 160
Amortization expense	$ 10	$ 7	$ 30	$ 21
Amortization period	7 years		7 years

Stock Compensation Plans - Allo

Stock Compensation Plans - Allocation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 59	$ 62	$ 192	$ 183
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	9	19	36	54
Selling, general, and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 50	$ 43	$ 156	$ 129

Stock Compensation Plans - Narr

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment of taxes related to net settlement of equity awards	$ 28	$ 4	$ 107	$ 87
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)			11	21
Weighted average price per share (in dollars per share)			$ 16.34	$ 16.98
Unrecognized compensation expense	305		$ 305
Restricted stock awards and restricted stock units | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			20.00%
Restricted stock awards and restricted stock units | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			40.00%
Restricted stock awards and restricted stock units | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage			40.00%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 29		$ 29

Net Income Per Share Attribut_3

Net Income Per Share Attributable to First Data Corporation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Numerator:
Net income attributable to First Data Corporation	$ 401	$ 296	$ 843	$ 517
Denominator:
Weighted average shares used in computing net income per share, basic (in shares)	932	918	928	915
Effect of dilutive securities (in shares)	33	26	28	23
Total dilutive securities (in shares)	965	944	956	938
Net income attributable to First Data Corporation per share:
Basic (in dollars per share)	$ 0.43	$ 0.32	$ 0.91	$ 0.57
Diluted (in dollars per share)	$ 0.42	$ 0.31	$ 0.88	$ 0.55
Anti-dilutive shares excluded from diluted net income per share (in shares)	0	8	6	13

Segment Information - Schedule

Segment Information - Schedule of Operating Segment Results (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenues	$ 2,369	$ 3,076	$ 7,099	$ 8,902
Depreciation and amortization	248	248	753	713
Segment EBITDA	815	786	2,409	2,220
Global Business Solutions
Revenues:
Total revenues	1,392		4,189
Global Financial Solutions
Revenues:
Total revenues	617		1,829
Network & Security Solutions
Revenues:
Total revenues	360		1,081
Operating Segments | Global Business Solutions
Revenues:
Total revenues	1,384	1,256	4,151	3,601
Depreciation and amortization	127	122	377	334
Segment EBITDA	503	465	1,481	1,330
Operating Segments | Global Business Solutions | Total revenues
Revenues:
Total revenues	1,376	1,247	4,125	3,575
Operating Segments | Global Business Solutions | Equity earnings in affiliates
Revenues:
Total revenues	8	9	26	26
Operating Segments | Global Financial Solutions
Revenues:
Total revenues	407	416	1,221	1,211
Depreciation and amortization	81	89	257	264
Segment EBITDA	161	179	503	498
Operating Segments | Global Financial Solutions | Total revenues
Revenues:
Total revenues	407	416	1,221	1,211
Operating Segments | Global Financial Solutions | Equity earnings in affiliates
Revenues:
Total revenues	0	0	0	0
Operating Segments | Network & Security Solutions
Revenues:
Total revenues	367	395	1,100	1,137
Depreciation and amortization	30	34	89	95
Segment EBITDA	195	184	563	520
Operating Segments | Network & Security Solutions | Total revenues
Revenues:
Total revenues	366	395	1,099	1,137
Operating Segments | Network & Security Solutions | Equity earnings in affiliates
Revenues:
Total revenues	1	0	1	0
Corporate
Revenues:
Total revenues	0	0	0	0
Depreciation and amortization	2	0	5	5
Segment EBITDA	(44)	(42)	(138)	(128)
Corporate | Total revenues
Revenues:
Total revenues	0	0	0	0
Corporate | Equity earnings in affiliates
Revenues:
Total revenues	0	0	0	0
Total
Revenues:
Total revenues	2,158	2,067	6,472	5,949
Depreciation and amortization	240	245	728	698
Segment EBITDA	815	786	2,409	2,220
Total | Total revenues
Revenues:
Total revenues	2,149	2,058	6,445	5,923
Total | Equity earnings in affiliates
Revenues:
Total revenues	$ 9	$ 9	$ 27	$ 26

Segment Information - Reconcili

Segment Information - Reconciliation of Segment Amounts to the Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 2,369	$ 3,076	$ 7,099	$ 8,902
Total segment EBITDA	815	786	2,409	2,220
Adjustments:
Depreciation and amortization	(248)	(248)	(753)	(713)
Interest expense, net	(231)	(233)	(698)	(702)
Loss on debt extinguishment	(2)	(1)	(3)	(72)
Stock-based compensation	(59)	(62)	(192)	(183)
Income tax expense	(54)	106	(44)	66
Net income attributable to First Data Corporation	401	296	843	517
Reimbursable items
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	211	995	613	2,904
Operating segments and corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,158	2,067	6,472	5,949
Total segment EBITDA	815	786	2,409	2,220
Adjustments:
Depreciation and amortization	(240)	(245)	(728)	(698)
Adjustments
Adjustments:
Non wholly-owned entities	7	9	29	21
Depreciation and amortization	(248)	(248)	(753)	(713)
Interest expense, net	(231)	(233)	(698)	(702)
Loss on debt extinguishment	(2)	(1)	(3)	(72)
Other items	173	(61)	95	(120)
Stock-based compensation	(59)	(62)	(192)	(183)
Income tax expense	(54)	106	(44)	66
Adjustments | Non wholly-owned entities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	14	14	49
Adjustments | Reimbursable items
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 211	$ 995	$ 613	$ 2,904

Segment Information - Schedul_2

Segment Information - Schedule of Depreciation and Amortization (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization per unaudited consolidated statements of income	$ 248	$ 248	$ 753	$ 713
Amortization of payments for customer contracts	14	20	40	58
Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows	270	280	816	806
Amortization of equity method investments	(8)	(12)	(23)	(35)
Amortization of payments for customer contracts	(14)	(20)	(40)	(58)
Operating segments and corporate
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization per unaudited consolidated statements of income	240	245	728	698
Adjustments
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization per unaudited consolidated statements of income	248	248	753	713
Adjustments for non wholly-owned entities	16	15	48	50
Amortization of payments for customer contracts	14	20	40	58
Amortization of equity method investments	(8)	(12)	(23)	(35)
Amortization of payments for customer contracts	$ (14)	$ (20)	$ (40)	$ (58)

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Amounts (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ 54	$ (106)	$ 44	$ (66)
Effective income tax rate	11.00%	(45.00%)	4.00%	(11.00%)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Effective tax rate, adjustments, amount	$ 52	$ 172
Unrecognized tax benefits	102	102
Decrease in liability for unrecognized tax benefits reasonably possible	$ 28	$ 28
Valuation Allowance Release in Certain Foreign Jurisdictions
Income Tax Contingency [Line Items]
Benefit from valuation allowance release			$ 10
CardConnect
Income Tax Contingency [Line Items]
Benefit from valuation allowance release			132
Acculynk
Income Tax Contingency [Line Items]
Benefit from valuation allowance release			$ 10

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)noncontrolling_interest	Sep. 30, 2017USD ($)
Noncontrolling Interest [Abstract]
Number of redeemable noncontrolling interests | noncontrolling_interest	1
Redeemable noncontrolling interest activity [Roll Forward]
Balance as of beginning of the period	$ 72	$ 73
Distributions	(24)	(24)
Share of income	24	24
Adjustment to redemption value of redeemable noncontrolling interest	6	(1)
Balance as of end of the period	$ 78	$ 72

Other Operating Expenses, Net -

Other Operating Expenses, Net - Summary of Other Operating Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Other Income and Expenses [Abstract]
Restructuring, net	$ 20	$ 24	$ 68	$ 63
Asset impairment	0	8	0	14
Deal and deal integration costs	1	21	4	26
Merchant matters	1	0	26	0
Other	7	4	8	5
Other operating expenses, net	$ 29	$ 57	$ 106	$ 108

Other Operating Expenses, Net_2

Other Operating Expenses, Net - Narrative (Details) $ in Millions	Sep. 30, 2018USD ($)
Other Income and Expenses [Abstract]
Restructuring costs expected to incur	$ 10

Other Operating Expenses, Net_3

Other Operating Expenses, Net - Summary of Net Pretax Charges Incurred by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ 20	$ 24	$ 68	$ 63
Operating Segments | Global Business Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	6	14	14	29
Operating Segments | Global Financial Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	3	4	7	12
Operating Segments | Network & Security Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	4	1	24	4
Corporate
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ 7	$ 5	$ 23	$ 18

Other Operating Expenses, Net_4

Other Operating Expenses, Net - Summary of Utilization of Restructuring Accruals (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	$ 21
Employee expense	51
Exit costs	17
Cash payments and other	(65)
Remaining accrual at the end of the period	24
Employee Severance
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	21
Employee expense	51
Exit costs	0
Cash payments and other	(56)
Remaining accrual at the end of the period	16
Other
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	0
Employee expense	0
Exit costs	17
Cash payments and other	(9)
Remaining accrual at the end of the period	$ 8

Acquisitions and Dispositions -

Acquisitions and Dispositions - Dispositions (Details) € in Millions, $ in Millions	3 Months Ended		7 Months Ended	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Aug. 15, 2018USD ($)	Sep. 30, 2018USD ($)	Sep. 28, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 28, 2018EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 2,369	$ 3,076		$ 7,099		$ 8,902
Operating income	475	$ 417		1,361		$ 1,210
Global Financial Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 617			1,829
Global Financial Solutions | Card Processing Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues					$ 79
Operating income					15
Global Financial Solutions | REMITCO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues			$ 50
Operating income			1
Disposed of by Sale | Card Processing Business in Central and Southeastern Europe
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture of business, consideration					$ 449		€ 387
Total gain on disposition				175
Disposed of by Sale | REMITCO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture of business, consideration			$ 100
Total gain on disposition				$ 31
Ownership percentage divested			100.00%

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Acquisitions (Details) - GreekBill $ in Millions	1 Months Ended
	Jan. 31, 2018USD ($)
Business Acquisition [Line Items]
Percentage of voting interest acquired	100.00%
Purchase price	$ 17

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Notional Amounts (Details) € in Millions, £ in Millions, $ in Millions, $ in Millions, $ in Millions	Sep. 30, 2018USD ($)	Sep. 30, 2018EUR (€)	Sep. 30, 2018AUD ($)	Sep. 30, 2018GBP (£)	Sep. 30, 2018CAD ($)	Sep. 24, 2018USD ($)	May 31, 2018USD ($)	Jan. 18, 2018USD ($)	Jan. 18, 2018AUD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2017EUR (€)	Dec. 31, 2017AUD ($)	Dec. 31, 2017GBP (£)	Dec. 31, 2017CAD ($)
Derivatives, Fair Value [Line Items]
Assets	$ 19									$ 40
Liabilities	37									84
Derivatives designated as hedges | Cross-currency swap
Derivatives, Fair Value [Line Items]
Notional Value									$ 100
Cash settlement value of foreign currency derivatives								$ 26
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Assets	2									28
Liabilities	36									84
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts | AUD
Derivatives, Fair Value [Line Items]
Notional Value			$ 0									$ 100
Assets	0									28
Liabilities	0									0
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts | EUR
Derivatives, Fair Value [Line Items]
Notional Value | €		€ 915									€ 915
Assets	0									0
Liabilities	36									76
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts | GBP
Derivatives, Fair Value [Line Items]
Notional Value | £				£ 150									£ 150
Assets	2									0
Liabilities	0									6
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts | CAD
Derivatives, Fair Value [Line Items]
Notional Value					$ 95									$ 95
Assets	0									0
Liabilities	0									2
Derivatives designated as hedges | Cash Flow Hedging | USD
Derivatives, Fair Value [Line Items]
Assets	17									12
Liabilities	1									0
Derivatives designated as hedges | Cash Flow Hedging | Interest rate collar contracts
Derivatives, Fair Value [Line Items]
Notional Value						$ 1,500
Derivatives designated as hedges | Cash Flow Hedging | Interest rate collar contracts | USD
Derivatives, Fair Value [Line Items]
Notional Value	2,800									4,300
Assets	17									12
Liabilities	0									0
Derivatives designated as hedges | Cash Flow Hedging | Interest rate swap contracts | USD
Derivatives, Fair Value [Line Items]
Notional Value	2,500						$ 2,500			0
Assets	0									0
Liabilities	$ 1									$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Derivative Instruments on Operations (Details) € in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2018EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in the unaudited consolidated statements of comprehensive income (effective portion)	$ 24	$ 106	$ (60)	$ 232
Derivatives designated as hedging instruments | Interest Rate Contracts | Foreign currency translation adjustment
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in the unaudited consolidated statements of comprehensive income (effective portion)	0	0	0	0
Derivatives designated as hedging instruments | Interest Rate Contracts | Derivative instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in the unaudited consolidated statements of comprehensive income (effective portion)	4	1	4	0
Derivatives designated as hedging instruments | Foreign Exchange Contracts | Foreign currency translation adjustment
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in the unaudited consolidated statements of comprehensive income (effective portion)	14	(42)	70	(85)
Derivatives designated as hedging instruments | Foreign Exchange Contracts | Derivative instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in the unaudited consolidated statements of comprehensive income (effective portion)	0	0	0	0
Derivatives not designated as hedging instruments: | Interest Rate Contracts | Other (expense) income
Derivative Instruments, Gain (Loss) [Line Items]
Gain recognized in Other (expense) income in the unaudited consolidated statements of income	0	0	0	0
Derivatives not designated as hedging instruments: | Foreign Exchange Contracts | Other (expense) income
Derivative Instruments, Gain (Loss) [Line Items]
Gain recognized in Other (expense) income in the unaudited consolidated statements of income	$ 4	$ 0	$ 0	$ 0
Notional value | €					€ 375

Derivative Financial Instrume_5

Derivative Financial Instruments - Summary of Cash Flow Hedges and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			$ 6,014	$ 4,131
Increase (Decrease) in fair value of derivatives that qualify for hedge accounting, net of tax	$ 24	$ 106	(60)	232
Ending balance	6,866	4,964	6,866	4,964
Accumulated derivative gains and losses
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	163	133	121	177
Increase (Decrease) in fair value of derivatives that qualify for hedge accounting, net of tax	13	(41)	55	(85)
Ending balance	176	92	176	92
Other comprehensive income (loss), tax	$ 5	$ 0	$ 19	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details)	Sep. 30, 2018USD ($)
Minimum
Commitments and contingencies
Possible losses in excess of any amounts accrued	$ 0
Minimum | Patent infringement
Commitments and contingencies
Possible losses in excess of any amounts accrued	0
Minimum | Merchant matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	0
Minimum | Other matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	0
Maximum
Commitments and contingencies
Possible losses in excess of any amounts accrued	108,000,000
Maximum | Patent infringement
Commitments and contingencies
Possible losses in excess of any amounts accrued	3,000,000
Maximum | Merchant matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	100,000,000
Maximum | Other matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	$ 5,000,000

Investment in Affiliates (Detai

Investment in Affiliates (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)subsidiary	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)subsidiary	Sep. 30, 2017USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Pre-tax loss (as a percent) (more than)	20.00%		20.00%
Number of unconsolidated significant subsidiary not required to be consolidated | subsidiary	1		1
Financial information related to operating results
FDC equity earnings	$ 58	$ 55	$ 167	$ 167
Unconsolidated significant subsidiary
Financial information related to operating results
Net operating revenues	202	209	610	631
Operating expenses	101	103	304	304
Operating income	101	106	306	327
Net income	103	106	309	327
FDC equity earnings	$ 36	$ 36	$ 109	$ 112

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Oct. 26, 2018	Oct. 05, 2018	Sep. 30, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Total current portion of long-term borrowings			$ 609,000,000	$ 197,000,000
Receivable securitized loan | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)			1.15%
Term Loan A due June 2020 | Secured debt
Subsequent Event [Line Items]
Total current portion of long-term borrowings			$ 500,000,000	$ 78,000,000
Term Loan A due June 2020 | Secured debt | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)			1.75%
Subsequent Event
Subsequent Event [Line Items]
Cash from operations		$ 344,000,000
Maximum borrowing capacity	$ 6,000,000,000
Estimated annual interest cost savings	90,000,000
Subsequent Event | Receivable securitized loan
Subsequent Event [Line Items]
Borrowings from accounts receivable securitization loan		156,000,000
Subsequent Event | Revolver due December 2023 | Revolving credit facility
Subsequent Event [Line Items]
Maximum borrowing capacity	$ 1,250,000,000
Debt term	5 years
Subsequent Event | Term Loan A due December 2023 | Secured debt
Subsequent Event [Line Items]
Maximum borrowing capacity	$ 4,750,000,000
Debt term	5 years
Subsequent Event | Term Loan A due December 2023 | Secured debt | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	1.50%
Subsequent Event | Term Loan A due June 2020
Subsequent Event [Line Items]
Prepayment of senior secured term loan facility		$ 500,000,000
Subsequent Event | Term Loan A due June 2020 | Secured debt
Subsequent Event [Line Items]
Total current portion of long-term borrowings	$ 923,000,000