First Data 10-Q 30 Apr 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2019shares
Document and Entity Information
Entity Registrant Name	FIRST DATA CORP
Entity Central Index Key	0000883980
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
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	574,939,576
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	368,784,737

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Revenues:
Total revenues		$ 2,316	$ 2,282
Expenses:
Depreciation and amortization		246	250
Other operating expenses, net		36	60
Total expenses		1,891	1,934
Operating profit		425	348
Interest expense, net		(203)	(233)
Loss on debt extinguishment		(1)	0
Other expense		(27)	(3)
Income before income taxes and equity earnings in affiliates		194	112
Income tax expense		29	27
Equity earnings in affiliates		52	49
Net income		217	134
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		48	33
Net income attributable to First Data Corporation		$ 169	$ 101
Net income attributable to First Data Corporation per share:
Basic (in dollars per share)		$ 0.18	$ 0.11
Diluted (in dollars per share)		$ 0.17	$ 0.11
Weighted-average common shares outstanding:
Basic (in shares)		937	923
Diluted (in shares)		967	946
Excluding reimbursable items
Revenues:
Total revenues	[1]	$ 2,124	$ 2,084
Expenses:
Cost of revenues		757	779
Selling, general, and administrative		660	647
Depreciation and amortization		246	250
Other operating expenses, net		36	60
Total expenses		1,699	1,736
Reimbursable items
Revenues:
Total revenues		192	198
Expenses:
Total expenses		$ 192	$ 198
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $48 million and $51 million for the three months ended March 31, 2019 and 2018, respectively.

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Parenthetical) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Revenues		$ 2,316	$ 2,282
Excluding reimbursable items
Revenues	[1]	2,124	2,084
Excluding reimbursable items | Equity method
Revenues		$ 48	$ 51
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $48 million and $51 million for the three months ended March 31, 2019 and 2018, respectively.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 217	$ 134
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	59	90
Pension liability adjustments	2	0
Derivative instruments	(28)	9
Total other comprehensive income, net of tax	33	99
Comprehensive income	250	233
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest	48	37
Comprehensive income attributable to First Data Corporation	$ 202	$ 196

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 619	$ 555
Accounts receivable, net of allowance for doubtful accounts of $47 and $46	2,130	2,217
Settlement assets	22,324	11,423
Prepaid expenses and other current assets	321	319
Total current assets	25,394	14,514
Property and equipment, net of accumulated depreciation of $1,709 and $1,647	890	905
Goodwill	17,518	17,460
Customer relationships, net of accumulated amortization of $5,596 and $5,509	1,725	1,763
Other intangibles, net of accumulated amortization of $2,362 and $2,271	1,923	1,893
Investment in affiliates	1,072	1,055
Other long-term assets	1,024	737
Total assets	49,546	38,327
Current liabilities:
Accounts payable and accrued liabilities	1,640	1,636
Short-term and current portion of long-term borrowings	1,159	1,170
Settlement obligations	22,324	11,423
Total current liabilities	25,123	14,229
Long-term borrowings	16,282	16,429
Deferred tax liabilities	84	97
Other long-term liabilities	800	528
Total liabilities	42,289	31,283
Commitments and contingencies (See note 13)
Redeemable noncontrolling interest	93	77
First Data Corporation stockholders' equity:
Preferred stock, $0.01 par value; 100 shares authorized as of March 31, 2019 and December 31, 2018; no shares issued and outstanding as of March 31, 2019 and December 31, 2018	0	0
Additional paid-in capital	13,872	13,791
Accumulated loss	(7,892)	(8,067)
Accumulated other comprehensive loss	(1,277)	(1,310)
Total First Data Corporation stockholders' equity	4,375	4,173
Noncontrolling interests	2,789	2,794
Total equity	7,164	6,967
Total liabilities and equity	49,546	38,327
Class A
First Data Corporation stockholders' equity:
Common stock, $0.01 par value	6	6
Class A Treasury stock, at cost, 20 shares and 16 shares as of March 31, 2019 and December 31, 2018, respectively	(338)	(251)
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	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 47	$ 46
Property and equipment, accumulated depreciation	1,709	1,647
Customer relationships, accumulated amortization	5,596	5,509
Other intangibles, accumulated amortization	$ 2,362	$ 2,271
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)	595,000,000	584,000,000
Common stock, outstanding shares (in shares)	575,000,000	568,000,000
Treasury stock (in shares)	20,000,000	16,000,000
Class B
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	448,000,000	448,000,000
Common stock, issued shares (in shares)	369,000,000	369,000,000
Common stock, outstanding shares (in shares)	369,000,000	369,000,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$ 217	$ 134
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)		261	271
Deferred income taxes		15	1
Charges related to other operating expenses, net and other expense		63	63
Loss on debt extinguishment		1	0
Stock-based compensation expense		56	74
Other non-cash and non-operating items, net		5	3
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in:
Accounts receivable, current and long-term		141	136
Other assets, current and long-term		15	(14)
Accounts payable and other liabilities, current and long-term		(137)	(128)
Income tax accounts		(22)	(6)
Net cash provided by operating activities		615	534
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment		(84)	(70)
Payments to obtain customer contracts, including outlays for conversion, and capitalized systems development costs		(82)	(69)
Acquisitions, net of cash acquired		(73)	(17)
Proceeds from the maturity of net investment hedges		0	26
Other investing activities, net		(22)	(13)
Net cash used in investing activities		(261)	(143)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net		(3)	(153)
Principal payments on long-term debt		(163)	(53)
Payment of taxes related to net settlement of equity awards		(97)	(56)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest		(52)	(52)
Other financing activities, net		40	10
Net cash used in financing activities		(275)	(304)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		(2)	3
Change in cash, cash equivalents, and restricted cash		77	90
Cash, cash equivalents and restricted cash at beginning of period	[1]	583	525
Cash, cash equivalents and restricted cash at end of period	[1]	660	615
NON-CASH TRANSACTIONS
Finance leases, net of trade-ins		$ 0	$ 15
[1]	The Company held $41 million and $28 million in restricted cash within "Other long-term assets" in the unaudited consolidated balance sheets as of March 31, 2019 and December 31, 2018, respectively.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statement of Cash Flows [Abstract]
Restricted cash	$ 41	$ 28

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 Loss	Noncontrolling Interest
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]	(44)							(44)
Net income	[2]	126					101		25
Other comprehensive income		99						95	4
Adjustments to redemption value of redeemable noncontrolling interest		(6)				(6)
Stock compensation expense		74				74
Stock activity under stock compensation plans and other (in shares)			3	1	3
Stock activity under stock compensation plans and other		(38)			$ (53)	15
Ending balance (in shares) at Mar. 31, 2018			485	444	14
Ending balance at Mar. 31, 2018		6,212	$ 5	$ 4	$ (202)	13,578	(8,971)	(1,049)	2,847
Beginning balance (in shares) at Dec. 31, 2018			568	369	16
Beginning balance at Dec. 31, 2018		6,967	$ 6	$ 4	$ (251)	13,791	(8,067)	(1,310)	2,794
Increase (Decrease) in Stockholders' Equity
Dividends and distributions paid to noncontrolling interests	[1]	(45)							(45)
Net income	[2]	209					169		40
Other comprehensive income		33						33
Adjustments to redemption value of redeemable noncontrolling interest		(15)				(15)
Stock compensation expense		64				64
Stock activity under stock compensation plans and other (in shares)			7		4
Stock activity under stock compensation plans and other		(55)			$ (87)	32
Ending balance (in shares) at Mar. 31, 2019			575	369	20
Ending balance at Mar. 31, 2019		$ 7,164	$ 6	$ 4	$ (338)	$ 13,872	$ (7,892)	$ (1,277)	$ 2,789
[1]	The total distribution presented in the unaudited consolidated statements of equity for the three months ended March 31, 2019 and 2018 excludes $7 million and $8 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 three months ended March 31, 2019 and 2018 is $8 million and $8 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	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Distributions to redeemable noncontrolling interest not included in equity	$ 7	$ 8
Change in total net income due to redeemable noncontrolling interest	$ 8	$ 8

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Note 1: Basis of Presentation and Summary of Significant Accounting Policies Business Description First Data Corporation (FDC, First Data, or the Company) 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, 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. For the three months ended March 31, 2019 the Company recorded expenses of $23 million for an out of period adjustment, which impacted multiple years, related to correction of a lease classification error. The Company does not believe this adjustment will be material to the financial statements for the year ended December 31, 2019 and it is not material to previously reported financial statements. Effective January 1, 2019, initial direct costs associated with hardware revenue are now recorded in costs of products sold within "Cost of revenues (exclusive of items shown below)". Pending Merger with Fiserv, Inc. On January 16, 2019, First Data and Fiserv, Inc. (Fiserv), and 300 Holdings, Inc. (Merger Sub), a wholly-owned subsidiary of Fiserv, entered into an agreement and plan of merger (Merger Agreement), pursuant to which the Company will merge into Merger Sub (the Merger). The terms are subject to the conditions set forth in the Merger Agreement, which states at closing each share of the Company's common stock issued and outstanding will be converted into the right to receive 0.303 (Exchange Ratio) of a share of common stock, par value $0.01 per share, of Fiserv. First Data's equity awards will generally be converted into Fiserv equity awards after giving effect to the Exchange Ratio and appropriate adjustments and be governed by the same terms and conditions as applicable to First Data's corresponding equity awards. Completion of the Merger is subject to customary closing conditions for both parties. The Company currently anticipates that it will close the merger during the second half of 2019. For additional information see Form 425 and Form 8-K filed with the Securities and Exchange Commission dated January 16, 2019 and available through the “Investor Relations” portion of our website at http://investor.firstdata.com. On March 15, 2019, First Data, following the declaration by the U.S. Securities and Exchange Commission on March 14, 2019 that the Registration Statement of Fiserv became effective, received the written consent of New Omaha Holdings L.P. ( New Omaha), with respect to 364,441,146 shares of Class B common stock of First Data, to approve (i) the adoption of the Merger Agreement and (ii) the adoption of a resolution regarding certain Merger-related executive officer compensation payments that will or may be made to First Data’s named executive officers in connection with the Merger. The completion of the Merger remains subject to the satisfaction or waiver of customary closing conditions. 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Amortization of payments for customers contracts $ 14 $ 13 Amortization related to equity method investments 1 8 Leases Effective January 1, 2019, the Company determines if an arrangement is a lease at inception. Right-of-use (ROU) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. In determining the present value of lease payments, the Company uses its incremental borrowing rate based on the information available at the lease commencement date. When applicable, the operating lease ROU asset also includes initial direct costs, lease prepayments, and is reduced by lease incentives received and accrued lease payments. The Company’s lease terms include periods covered by an option to extend the lease when it is reasonably certain that the Company will exercise that option as well as periods covered by options to terminate the lease when the Company is reasonably certain not to exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Operating lease ROU assets are included in “Other long-term assets” and the corresponding lease liabilities are included in “Accounts payable and accrued liabilities” and “Other long-term liabilities” in the Company’s unaudited consolidated balance sheet. Finance leases ROU assets are included in “Property and equipment” and the corresponding lease liabilities are included in “Short-term and current portion of long-term borrowings”, and “Long-term borrowings” in the Company’s unaudited consolidated balance sheet. 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 Leases In February 2016, the Financial Accounting Standards Board (FASB) issued guidance which requires lessees to recognize most leases on their balance sheets but recognize expenses in the income statement in a manner similar to historical accounting and adds new presentation and disclosure requirements for both lessees and lessors (New Lease Standard). The accounting guidance for lessors remains largely unchanged. Adoption of the guidance resulted in recognition on the unaudited consolidated balance sheet of assets and liabilities arising out of operating leases. The Company recognizes ROU assets for the underlying leased property during the lease term and recognizes liabilities for the corresponding financial obligation to make lease payments to the lessor. The Company adopted the new standard on January 1, 2019 using a modified retrospective approach that permits an entity to use the effective date as the date of initial application through the recognition of a cumulative effect adjustment to the opening balance of retained earnings upon adoption. The Company elected the transition package of practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification, and initial direct costs. Further, the Company elected a short-term lease exception policy, permitting the Company to not apply the recognition requirements of this standard to leases with terms of 12 months or less, and elected an accounting policy to account for lease and non-lease components as a single component for certain classes of assets. The adoption of the new guidance did not have a material impact to the consolidated financial statements. The adoption resulted in a decrease to the January 1, 2019 balance of accumulated loss of $6 million for the cumulative effect of applying the New Lease Standard. Additionally, adoption of the guidance did not impact any debt covenants or result in significant changes to the internal processes, including the internal control over financial reporting. See note 4 "Leases" in the Company's unaudited consolidated financial statements in Part I of this Form 10-Q. 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 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 adopted the new guidance on a prospective basis on January 1, 2019 with no material impact to the consolidated financial statements. Securities and Exchange Commission Disclosure Requirements In August 2018, the Securities and Exchange Commission (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 adopted the new guidance on January 1, 2019 with no material impact to the consolidated financial statements. Derivatives and Hedging In October 2018, the FASB issued guidance which expands the list of U.S. benchmark interest rates permitted in the application of hedge accounting. The amendments permit the use of the overnight index swap rate based on the Secured Overnight Financing Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The Company adopted the new guidance on January 1, 2019 with no material impact to the consolidated financial statements. Comprehensive Income In February 2018, the FASB issued guidance that permits a reclassification from accumulated other comprehensive income to accumulated loss for stranded tax effects resulting from the Tax Cuts and Jobs Act. The amendments also require certain disclosures about stranded tax effects. The Company adopted the new guidance on January 1, 2019 with no material impact to the consolidated financial statements. The Company did not elect to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to accumulated loss. Recently Issued Accounting Guidance 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. 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. Consolidation In October 2018, the FASB issued new guidance on consolidation. The new guidance provides that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The new guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years and should be applied retrospectively with a cumulative effect adjustment to retained earnings at the beginning of the earliest period presented. Early adoption is permitted. The Company is in the process of evaluating the impact of the guidance on its consolidated financial statements.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Borrowings	Note 2: Borrowings The following table presents borrowings as of March 31, 2019 and December 31, 2018: (in millions) As of March 31, As of December 31, Short-term borrowings: Lines of credit $ 127 $ 224 Senior Secured Revolving Credit Facility 250 250 Receivable securitized loan 569 472 Unamortized deferred financing costs (a) (3 ) (3 ) Total short-term borrowings 943 943 Current portion of long-term borrowings: Senior secured term loan facility due 2023 119 119 Finance lease obligations and other arrangements 97 108 Total current portion of long-term borrowings 216 227 Total short-term and current portion of long-term borrowings 1,159 1,170 Long-term borrowings: Senior secured term loan facility due 2022 2,418 2,518 Senior secured term loan facility due 2023 4,601 4,631 Senior secured term loan facility due 2024 3,892 3,892 5.375% Senior secured first lien notes due 2023 1,210 1,210 5.0% Senior secured first lien notes due 2024 1,883 1,883 5.75% Senior secured second lien notes due 2024 2,176 2,176 Unamortized discount and unamortized deferred financing costs (a) (85 ) (91 ) Finance lease obligations and other arrangements 187 210 Total long-term borrowings (b) 16,282 16,429 Total borrowings $ 17,441 $ 17,599 (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 March 31, 2019 and December 31, 2018 , the fair value of the Company's long-term borrowings, excluding finance lease obligations and other arrangements, was $16.4 billion and $15.7 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. Lines of Credit As of March 31, 2019 and December 31, 2018 , the Company had $378 million and $516 million , respectively, available under short-term lines of credit with foreign banks and alliance partners primarily to fund settlement activity. As of March 31, 2019 and December 31, 2018 , this included a $165 million and $290 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 March 31, 2019 and December 31, 2018 , $16 million and $13 million , respectively, were uncommitted. As of March 31, 2019 and December 31, 2018 , the weighted average interest rate associated with foreign lines of credit was 2.1% and 2.6% , respectively. Senior Secured Revolving Credit Facility The Company has a $1.25 billion senior secured revolving credit facility maturing on October 26, 2023. Up to $250 million of the senior secured revolving credit facility is available for letters of credit, of which $5 million of letters of credit were issued under the facilities as of March 31, 2019 and December 31, 2018 . As of March 31, 2019 , $995 million 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. The interest rate associated with the credit facility is 1.85% . As of March 31, 2019 and December 31, 2018, the Company had $30 million of outstanding letters of credit, for both periods presented. 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 FDC. As of March 31, 2019 and December 31, 2018, the Company transferred $710 million and $726 million , respectively, in receivables to FDR as part of the securitization program. As of March 31, 2019, the maximum borrowing capacity, subject to collateral availability, under the agreement is $578 million . FDR utilized the receivables as collateral in borrowings of $569 million and $472 million as of March 31, 2019 and December 31, 2018, respectively. As of March 31, 2019 and December 31, 2018, the receivables held by FDR are recorded within "Accounts receivable, net" in the Company's unaudited consolidated balance sheets. The weighted average interest rate on the securitization facility borrowings was 3.64% and 3.65% as of March 31, 2019 and December 31, 2018, respectively. The term of the receivables securitization agreement is through July 2021.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 3: Revenue Recognition Transaction and Processing Services 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 months ended March 31, 2019 and 2018 . Three months ended March 31, (in millions) 2019 2018 Interchange fees and assessments $ 6,798 $ 6,476 Debit network fees 871 818 Disaggregation of Revenue The following tables present revenues disaggregated by primary geographical regions for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 1,088 $ 410 $ 351 $ 1,849 EMEA 161 85 3 249 LATAM 100 33 — 133 APAC 52 32 1 85 Total Revenue (a)(b) $ 1,401 $ 560 $ 355 $ 2,316 (a) See note 7 "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. Three months ended March 31, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 1,033 $ 423 $ 351 $ 1,807 EMEA 162 112 2 276 LATAM 87 31 — 118 APAC 48 31 2 81 Total Revenue (a)(b) $ 1,330 $ 597 $ 355 $ 2,282 (a) See note 7 "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. The following table presents revenues disaggregated by product types for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Transaction and processing services $ 2,042 $ 2,011 Hardware, Professional Services, and Other 274 271 Total Revenue $ 2,316 $ 2,282 Contract Balances Accounts Receivable As of March 31, 2019 and December 31, 2018 , long-term accounts receivable, net of allowance for doubtful accounts, included within “Other long-term assets” in the unaudited consolidated balance sheets was $197 million and $220 million , respectively. Contract Liabilities The following table presents the changes in deferred revenue for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Balance, beginning of the period $ 298 $ 344 New Revenue Standard adjustments — (39 ) Deferral of revenue 37 58 Recognition of unearned revenue (45 ) (59 ) Other (primarily foreign currency translation) (5 ) 5 Balance, end of period $ 285 $ 309 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 revenues". 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 March 31, 2019 and December 31, 2018 , the Company had $163 million and $152 million , respectively, of capitalized contract costs included within "Other intangibles, net" on the unaudited consolidated balance sheets. For the three months ended March 31, 2019 and 2018 , the Company had $14 million and $13 million , respectively, of contra-revenue related to these costs. 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 on a straight-line basis 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 March 31, 2019 and December 31, 2018 , the Company had $174 million and $172 million , respectively, of capitalized conversion costs, net of amortization, included within "Other intangibles, net" on the unaudited consolidated balance sheets. For the three months ended March 31, 2019 and 2018 , the Company had $9 million and $10 million , respectively, of amortization expense related to these costs.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Note 4: Leases The Company has leases for office space, land, data centers, computer hardware, airplanes, and other equipment. Certain of the Company's leases include lessee options to extend the lease term from one to 15 years or to terminate the lease prior to its contractual end date. For leases of properties, the Company uses the practical expedient to account for lease and non-lease components as a single lease component. Accordingly, the financial information presented below includes charges for common area maintenance, utilities, and other miscellaneous costs incurred under property leases. For leases with an initial term of 12 months or less, the Company recognizes lease expense on a straight-line basis over the lease term. The following table presents supplemental balance sheet information as of March 31, 2019: (in millions) As of March 31, 2019 Finance leases Assets under finance leases $ 546 Accumulated depreciation (361 ) Assets under finance lease, net $ 185 Current finance lease liabilities $ 67 Non-current finance lease liabilities 140 Total finance lease liabilities $ 207 Operating leases Operating lease ROU assets $ 315 Current operating lease liabilities $ 68 Non-current operating lease liabilities 266 Total operating lease liabilities $ 334

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Plans	Note 5: Stock Compensation Plans The Company provides stock-based compensation awards to its employees. Total stock-based compensation expense recognized in the "Cost of revenues", "Selling, general, and administrative", and "Other operating expenses, net" 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Cost of revenues $ 15 $ 16 Selling, general, and administrative 41 58 Other operating expenses, net 8 — Total stock-based compensation expense $ 64 $ 74 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 three months ended March 31, 2019 , approximately six million restricted stock awards and units were granted at a weighted average price per share of $24.94 . For the three months ended March 31, 2018 , approximately nine million restricted stock awards and units were granted at a weighted average price per share of $15.37 . As of March 31, 2019 , there was $20 million and $343 million of total unrecognized compensation expense related to non-vested stock options and restricted stock awards and units, respectively. The Company paid approximately $97 million and $56 million for the three months ending March 31, 2019 and 2018 , respectively, for taxes related to the settlement of vested stock-based awards. For additional information on the Company’s stock compensation plans, see note 5 "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, 2018 .

Net Income Per Share Attributab

Net Income Per Share Attributable to First Data Corporation	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Net Income Per Share Attributable to First Data Corporation	Note 6: 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions, except per share amounts) 2019 2018 Numerator: Net income attributable to First Data Corporation $ 169 $ 101 Denominator: Weighted average shares used in computing net income per share, basic 937 923 Effect of dilutive securities 30 23 Total dilutive securities 967 946 Net income attributable to First Data Corporation per share: Basic $ 0.18 $ 0.11 Diluted (a) $ 0.17 $ 0.11 Anti-dilutive shares excluded from diluted net income per share 1 11 (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	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Information	Note 7: Segment Information For a detailed discussion of the Company’s accounting principles and its reportable segments see note 8 “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, 2018 . The following tables present the Company’s reportable segment results including EBITDA (earnings before net interest expense, income taxes, depreciation, and amortization) for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Revenues $ 1,379 $ 370 $ 361 $ — $ 2,110 Equity earnings in affiliates 8 (1 ) — — 7 Total segment revenues $ 1,387 $ 369 $ 361 $ — $ 2,117 Depreciation and amortization $ 122 $ 83 $ 28 $ — $ 233 Segment EBITDA 471 147 195 (59 ) 754 Three months ended March 31, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Revenues $ 1,310 $ 401 $ 362 $ — $ 2,073 Equity earnings in affiliates 8 (1 ) — — 7 Total segment revenues $ 1,318 $ 400 $ 362 $ — $ 2,080 Depreciation and amortization $ 125 $ 88 $ 29 $ — $ 242 Segment EBITDA 434 166 175 (45 ) 730 The following table presents a reconciliation of reportable segment amounts to the Company’s consolidated balances for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Total segment revenues $ 2,117 $ 2,080 Adjustments: Non wholly-owned entities (a) 7 4 Reimbursable items 192 198 Consolidated revenues $ 2,316 $ 2,282 Total segment EBITDA $ 754 $ 730 Adjustments: Non wholly-owned entities (a) 13 18 Depreciation and amortization (246 ) (250 ) Interest expense, net (203 ) (233 ) Loss on debt extinguishment (1 ) — Other items (b) (63 ) (63 ) Stock-based compensation (56 ) (74 ) Income tax expense (29 ) (27 ) Net income attributable to First Data Corporation $ 169 $ 101 (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) See "Other operating expenses, net" and "Other 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 consolidated balances in the unaudited consolidated statements of cash flows and unaudited consolidated statements of income for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Segment depreciation and amortization $ 233 $ 242 Adjustments for non wholly-owned entities 14 16 Amortization of payments for customer contracts (a) 14 13 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 261 271 Amortization of equity method investments (b) (1 ) (8 ) Amortization of payments for customer contracts (a) (14 ) (13 ) Total consolidated depreciation and amortization per unaudited consolidated statements of income $ 246 $ 250 (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	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 8: Income Taxes The following table presents the Company's income tax expense and effective income tax rate for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Income tax expense $ 29 $ 27 Effective income tax rate 12 % 17 % The effective tax rate for the three months ended March 31, 2019 was lower than the U.S. federal statutory rate of 21% primarily due to net tax benefits of $23 million which includes equity compensation related tax benefits, tax benefits associated with current year research and development credits, and no tax expense recorded on income associated with noncontrolling interests from pass through entities. These benefits were partially offset by state income taxes, disallowed tax benefit on certain executive compensation deductions, and current U.S. taxation on certain non-U.S. income. The effective tax rate for the three months ended March 31, 2018 was lower than the statutory tax rate of 21% primarily due to net tax benefits of $7 million that include reductions to the liability for unrecognized tax benefits, equity compensation related tax benefits, tax benefits associated with current and prior year research and development credits and no expense on income associated with noncontrolling interests from pass through entities. These benefits were partially offset by expenses associated with state income taxes, disallowed tax benefit on certain executive compensation deductions, and current U.S. taxation on certain non-U.S. income. The Company's liability for unrecognized tax benefits was approximately $97 million as of March 31, 2019 . The Company believes it is reasonably possible that the liability for unrecognized tax benefits may decrease by up to $17 million over the next twelve months beginning April 1, 2019 as a result of possible closure of federal tax audits, potential settlements with certain states and foreign countries, and the lapse of the statute of limitations in various state and foreign jurisdictions.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	3 Months Ended
	Mar. 31, 2019
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 9: 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 three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Balance as of January 1, $ 77 $ 72 Distributions (7 ) (8 ) Share of income 8 8 Adjustment to redemption value of redeemable noncontrolling interest 15 6 Balance as of March 31, $ 93 $ 78

Other Operating Expenses, Net

Other Operating Expenses, Net	3 Months Ended
	Mar. 31, 2019
Other Income and Expenses [Abstract]
Other Operating Expenses, Net	Note 10: 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Restructuring, net $ 3 $ 32 Deal and deal integration costs 33 7 Merchant matters — 20 Other — 1 Other operating expenses, net $ 36 $ 60 Restructuring During the three months ended March 31, 2019 and 2018 , the Company recorded restructuring charges in connection with ongoing expense management initiatives. The Company has ongoing initiatives, which are expected to result in approximately $20 million of additional costs over the next twelve months. The Company continues to evaluate operating efficiencies and could incur further restructuring cost s beyond these initiatives. A summary of net pretax charges incurred by segment was as follows for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Global Business Solutions $ 3 $ 5 Global Financial Solutions — 2 Network & Security Solutions — 16 Corporate — 9 Restructuring, net $ 3 $ 32 The following table summarizes the Company’s utilization of restructuring accruals for the three months ended March 31, 2019 : (in millions) Employee Severance Other Total Remaining accrual as of January 1, 2019 $ 9 $ 7 $ 16 Employee expense 3 — 3 Cash payments and other (3 ) (1 ) (4 ) Remaining accrual as of March 31, 2019 $ 9 $ 6 $ 15 Deal and Deal Integration Costs The Company incurred $33 million in deal and deal integration costs for the three months ended March 31, 2019 which is primarily related to the previously announced Fiserv transaction. Merchant Matters The Company did not incur any costs related to customer matters during the three months ended March 31, 2019 . During the three months ended March 31, 2018 the Company incurred $20 million in costs related to customer matters.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	Note 11: Acquisitions In March 2019, the Company acquired 100% of Software Express. Software Express provides technology solutions to merchants, including multi-acquirer EFT, multi-acquirer EFT POS, reconciliation, a payment gateway, and automated recurring payments in Brazil. The purchase price was $79 million in cash, net of cash acquired, and Software Express is reported as part of the Company’s Global Business Solutions segment. The Company is holding $12 million in restricted cash that will be paid to the seller over a six year period. The acquisition was accounted for as a business combination and the accounting is currently incomplete. The acquisition of Software Express had an immaterial impact on revenue and operating income.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 12: 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 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 qualifying hedging relationships. The Company held the following derivative instruments as of March 31, 2019 and December 31, 2018 : As of March 31, 2019 As of December 31, 2018 (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 EUR 915 $ 2 $ — 915 $ — $ 19 Foreign exchange contracts GBP 150 2 — 150 6 — Foreign exchange contracts CAD 95 3 — 95 5 — 7 — 11 19 Derivatives designated as cash flow hedges: Interest rate collar contracts (b) USD 1,500 5 — 2,800 10 — Interest rate swap contracts USD 7,250 — 67 7,250 — 44 5 67 10 44 $ 12 $ 67 $ 21 $ 63 (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 interest rate collar with a notional value of $1.3 billion matured in January 2019. The remaining interest rate collar with a notional value of $1.5 billion will mature in September 2019. 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 March 31, 2019 , 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 months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 2018 (in millions, pretax) 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) $ — $ 24 $ — $ (30 ) (Loss) gain recognized in "Derivative instruments" in the unaudited consolidated statements of comprehensive income (effective portion) (28 ) — 9 — 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions, after tax) 2019 2018 Accumulated gain included in other comprehensive income at beginning of the period $ 165 $ 121 Decrease in fair value of derivatives that qualify for hedge accounting, net of tax (a) (b) (3 ) (16 ) Accumulated gain included in other comprehensive income at end of the period $ 162 $ 105 (a) Losses are included in "Derivative instruments" and “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income. (b) Net of tax of $1 million and $5 million for the three months ended March 31, 2019 and 2018 , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13: 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 income. 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 $5 million for patent infringement, $0 to $93 million for merchant matters, and $0 to $5 million for other matters, resulting in a total estimated range of possible losses of $0 to $103 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	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investment in Affiliates	Note 14: 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 March 31, 2019 , 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Net operating revenues $ 192 $ 195 Operating expenses 103 101 Operating income $ 89 $ 94 Net income $ 90 $ 94 FDC equity earnings 36 33

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 15: Subsequent Events

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
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, 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. For the three months ended March 31, 2019 the Company recorded expenses of $23 million for an out of period adjustment, which impacted multiple years, related to correction of a lease classification error. The Company does not believe this adjustment will be material to the financial statements for the year ended December 31, 2019 and it is not material to previously reported financial statements. Effective January 1, 2019, initial direct costs associated with hardware revenue are now recorded in costs of products sold within "Cost of revenues (exclusive of items shown below)".
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.
Leases	Leases Effective January 1, 2019, the Company determines if an arrangement is a lease at inception. Right-of-use (ROU) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. In determining the present value of lease payments, the Company uses its incremental borrowing rate based on the information available at the lease commencement date. When applicable, the operating lease ROU asset also includes initial direct costs, lease prepayments, and is reduced by lease incentives received and accrued lease payments. The Company’s lease terms include periods covered by an option to extend the lease when it is reasonably certain that the Company will exercise that option as well as periods covered by options to terminate the lease when the Company is reasonably certain not to exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Operating lease ROU assets are included in “Other long-term assets” and the corresponding lease liabilities are included in “Accounts payable and accrued liabilities” and “Other long-term liabilities” in the Company’s unaudited consolidated balance sheet. Finance leases ROU assets are included in “Property and equipment” and the corresponding lease liabilities are included in “Short-term and current portion of long-term borrowings”, and “Long-term borrowings” in the Company’s unaudited c
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 Leases In February 2016, the Financial Accounting Standards Board (FASB) issued guidance which requires lessees to recognize most leases on their balance sheets but recognize expenses in the income statement in a manner similar to historical accounting and adds new presentation and disclosure requirements for both lessees and lessors (New Lease Standard). The accounting guidance for lessors remains largely unchanged. Adoption of the guidance resulted in recognition on the unaudited consolidated balance sheet of assets and liabilities arising out of operating leases. The Company recognizes ROU assets for the underlying leased property during the lease term and recognizes liabilities for the corresponding financial obligation to make lease payments to the lessor. The Company adopted the new standard on January 1, 2019 using a modified retrospective approach that permits an entity to use the effective date as the date of initial application through the recognition of a cumulative effect adjustment to the opening balance of retained earnings upon adoption. The Company elected the transition package of practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification, and initial direct costs. Further, the Company elected a short-term lease exception policy, permitting the Company to not apply the recognition requirements of this standard to leases with terms of 12 months or less, and elected an accounting policy to account for lease and non-lease components as a single component for certain classes of assets. The adoption of the new guidance did not have a material impact to the consolidated financial statements. The adoption resulted in a decrease to the January 1, 2019 balance of accumulated loss of $6 million for the cumulative effect of applying the New Lease Standard. Additionally, adoption of the guidance did not impact any debt covenants or result in significant changes to the internal processes, including the internal control over financial reporting. See note 4 "Leases" in the Company's unaudited consolidated financial statements in Part I of this Form 10-Q. 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 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 adopted the new guidance on a prospective basis on January 1, 2019 with no material impact to the consolidated financial statements. Securities and Exchange Commission Disclosure Requirements In August 2018, the Securities and Exchange Commission (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 adopted the new guidance on January 1, 2019 with no material impact to the consolidated financial statements. Derivatives and Hedging In October 2018, the FASB issued guidance which expands the list of U.S. benchmark interest rates permitted in the application of hedge accounting. The amendments permit the use of the overnight index swap rate based on the Secured Overnight Financing Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The Company adopted the new guidance on January 1, 2019 with no material impact to the consolidated financial statements. Comprehensive Income In February 2018, the FASB issued guidance that permits a reclassification from accumulated other comprehensive income to accumulated loss for stranded tax effects resulting from the Tax Cuts and Jobs Act. The amendments also require certain disclosures about stranded tax effects. The Company adopted the new guidance on January 1, 2019 with no material impact to the consolidated financial statements. The Company did not elect to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to accumulated loss. Recently Issued Accounting Guidance 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. 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. Consolidation In October 2018, the FASB issued new guidance on consolidation. The new guidance provides that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The new guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years and should be applied retrospectively with a cumulative effect adjustment to retained earnings at the beginning of the earliest period presented. Early adoption is permitted. The Company is in the process of evaluating the impact of the guidance on its consolidated financial statements.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Amortization of payments for customers contracts $ 14 $ 13 Amortization related to equity method investments 1 8

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of borrowings	The following table presents borrowings as of March 31, 2019 and December 31, 2018: (in millions) As of March 31, As of December 31, Short-term borrowings: Lines of credit $ 127 $ 224 Senior Secured Revolving Credit Facility 250 250 Receivable securitized loan 569 472 Unamortized deferred financing costs (a) (3 ) (3 ) Total short-term borrowings 943 943 Current portion of long-term borrowings: Senior secured term loan facility due 2023 119 119 Finance lease obligations and other arrangements 97 108 Total current portion of long-term borrowings 216 227 Total short-term and current portion of long-term borrowings 1,159 1,170 Long-term borrowings: Senior secured term loan facility due 2022 2,418 2,518 Senior secured term loan facility due 2023 4,601 4,631 Senior secured term loan facility due 2024 3,892 3,892 5.375% Senior secured first lien notes due 2023 1,210 1,210 5.0% Senior secured first lien notes due 2024 1,883 1,883 5.75% Senior secured second lien notes due 2024 2,176 2,176 Unamortized discount and unamortized deferred financing costs (a) (85 ) (91 ) Finance lease obligations and other arrangements 187 210 Total long-term borrowings (b) 16,282 16,429 Total borrowings $ 17,441 $ 17,599 (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 March 31, 2019 and December 31, 2018 , the fair value of the Company's long-term borrowings, excluding finance lease obligations and other arrangements, was $16.4 billion and $15.7 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.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 . Three months ended March 31, (in millions) 2019 2018 Interchange fees and assessments $ 6,798 $ 6,476 Debit network fees 871 818
Revenue disaggregated by geographical regions and product types	The following tables present revenues disaggregated by primary geographical regions for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 1,088 $ 410 $ 351 $ 1,849 EMEA 161 85 3 249 LATAM 100 33 — 133 APAC 52 32 1 85 Total Revenue (a)(b) $ 1,401 $ 560 $ 355 $ 2,316 (a) See note 7 "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. Three months ended March 31, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Total North America $ 1,033 $ 423 $ 351 $ 1,807 EMEA 162 112 2 276 LATAM 87 31 — 118 APAC 48 31 2 81 Total Revenue (a)(b) $ 1,330 $ 597 $ 355 $ 2,282 (a) See note 7 "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. The following table presents revenues disaggregated by product types for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Transaction and processing services $ 2,042 $ 2,011 Hardware, Professional Services, and Other 274 271 Total Revenue $ 2,316 $ 2,282
Changes in deferred revenue	The following table presents the changes in deferred revenue for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Balance, beginning of the period $ 298 $ 344 New Revenue Standard adjustments — (39 ) Deferral of revenue 37 58 Recognition of unearned revenue (45 ) (59 ) Other (primarily foreign currency translation) (5 ) 5 Balance, end of period $ 285 $ 309

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Supplemental Balance Sheet Information	The following table presents supplemental balance sheet information as of March 31, 2019: (in millions) As of March 31, 2019 Finance leases Assets under finance leases $ 546 Accumulated depreciation (361 ) Assets under finance lease, net $ 185 Current finance lease liabilities $ 67 Non-current finance lease liabilities 140 Total finance lease liabilities $ 207 Operating leases Operating lease ROU assets $ 315 Current operating lease liabilities $ 68 Non-current operating lease liabilities 266 Total operating lease liabilities $ 334

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2019
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", "Selling, general, and administrative", and "Other operating expenses, net" 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Cost of revenues $ 15 $ 16 Selling, general, and administrative 41 58 Other operating expenses, net 8 — Total stock-based compensation expense $ 64 $ 74

Net Income Per Share Attribut_2

Net Income Per Share Attributable to First Data Corporation (Tables)	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions, except per share amounts) 2019 2018 Numerator: Net income attributable to First Data Corporation $ 169 $ 101 Denominator: Weighted average shares used in computing net income per share, basic 937 923 Effect of dilutive securities 30 23 Total dilutive securities 967 946 Net income attributable to First Data Corporation per share: Basic $ 0.18 $ 0.11 Diluted (a) $ 0.17 $ 0.11 Anti-dilutive shares excluded from diluted net income per share 1 11 (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)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of operating segment results	The following tables present the Company’s reportable segment results including EBITDA (earnings before net interest expense, income taxes, depreciation, and amortization) for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Revenues $ 1,379 $ 370 $ 361 $ — $ 2,110 Equity earnings in affiliates 8 (1 ) — — 7 Total segment revenues $ 1,387 $ 369 $ 361 $ — $ 2,117 Depreciation and amortization $ 122 $ 83 $ 28 $ — $ 233 Segment EBITDA 471 147 195 (59 ) 754 Three months ended March 31, 2018 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Total Revenues: Revenues $ 1,310 $ 401 $ 362 $ — $ 2,073 Equity earnings in affiliates 8 (1 ) — — 7 Total segment revenues $ 1,318 $ 400 $ 362 $ — $ 2,080 Depreciation and amortization $ 125 $ 88 $ 29 $ — $ 242 Segment EBITDA 434 166 175 (45 ) 730
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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Total segment revenues $ 2,117 $ 2,080 Adjustments: Non wholly-owned entities (a) 7 4 Reimbursable items 192 198 Consolidated revenues $ 2,316 $ 2,282 Total segment EBITDA $ 754 $ 730 Adjustments: Non wholly-owned entities (a) 13 18 Depreciation and amortization (246 ) (250 ) Interest expense, net (203 ) (233 ) Loss on debt extinguishment (1 ) — Other items (b) (63 ) (63 ) Stock-based compensation (56 ) (74 ) Income tax expense (29 ) (27 ) Net income attributable to First Data Corporation $ 169 $ 101 (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) See "Other operating expenses, net" and "Other 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 consolidated balances in the unaudited consolidated statements of cash flows and unaudited consolidated statements of income for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Segment depreciation and amortization $ 233 $ 242 Adjustments for non wholly-owned entities 14 16 Amortization of payments for customer contracts (a) 14 13 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 261 271 Amortization of equity method investments (b) (1 ) (8 ) Amortization of payments for customer contracts (a) (14 ) (13 ) Total consolidated depreciation and amortization per unaudited consolidated statements of income $ 246 $ 250 (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)	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Income tax expense $ 29 $ 27 Effective income tax rate 12 % 17 %

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2019
Noncontrolling Interest [Abstract]
Summary of the redeemable noncontrolling interest activity	The following table presents a summary of the redeemable noncontrolling interest activity during the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Balance as of January 1, $ 77 $ 72 Distributions (7 ) (8 ) Share of income 8 8 Adjustment to redemption value of redeemable noncontrolling interest 15 6 Balance as of March 31, $ 93 $ 78

Other Operating Expenses, Net (

Other Operating Expenses, Net (Tables)	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Restructuring, net $ 3 $ 32 Deal and deal integration costs 33 7 Merchant matters — 20 Other — 1 Other operating expenses, net $ 36 $ 60
Summary of net pretax charges incurred by segment	A summary of net pretax charges incurred by segment was as follows for the three months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Global Business Solutions $ 3 $ 5 Global Financial Solutions — 2 Network & Security Solutions — 16 Corporate — 9 Restructuring, net $ 3 $ 32
Summary of utilization of restructuring accruals	The following table summarizes the Company’s utilization of restructuring accruals for the three months ended March 31, 2019 : (in millions) Employee Severance Other Total Remaining accrual as of January 1, 2019 $ 9 $ 7 $ 16 Employee expense 3 — 3 Cash payments and other (3 ) (1 ) (4 ) Remaining accrual as of March 31, 2019 $ 9 $ 6 $ 15

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	The Company held the following derivative instruments as of March 31, 2019 and December 31, 2018 : As of March 31, 2019 As of December 31, 2018 (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 EUR 915 $ 2 $ — 915 $ — $ 19 Foreign exchange contracts GBP 150 2 — 150 6 — Foreign exchange contracts CAD 95 3 — 95 5 — 7 — 11 19 Derivatives designated as cash flow hedges: Interest rate collar contracts (b) USD 1,500 5 — 2,800 10 — Interest rate swap contracts USD 7,250 — 67 7,250 — 44 5 67 10 44 $ 12 $ 67 $ 21 $ 63 (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 interest rate collar with a notional value of $1.3 billion matured in January 2019. The remaining interest rate collar with a notional value of $1.5 billion will mature in September 2019.
Schedule of the effect of derivative instruments on the Consolidated Statements of Operations	Derivative gains and (losses) were as follows for the three months ended March 31, 2019 and 2018 : Three months ended March 31, 2019 2018 (in millions, pretax) 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) $ — $ 24 $ — $ (30 ) (Loss) gain recognized in "Derivative instruments" in the unaudited consolidated statements of comprehensive income (effective portion) (28 ) — 9 —
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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions, after tax) 2019 2018 Accumulated gain included in other comprehensive income at beginning of the period $ 165 $ 121 Decrease in fair value of derivatives that qualify for hedge accounting, net of tax (a) (b) (3 ) (16 ) Accumulated gain included in other comprehensive income at end of the period $ 162 $ 105 (a) Losses are included in "Derivative instruments" and “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income. (b) Net of tax of $1 million and $5 million for the three months ended March 31, 2019 and 2018 , 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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions, after tax) 2019 2018 Accumulated gain included in other comprehensive income at beginning of the period $ 165 $ 121 Decrease in fair value of derivatives that qualify for hedge accounting, net of tax (a) (b) (3 ) (16 ) Accumulated gain included in other comprehensive income at end of the period $ 162 $ 105 (a) Losses are included in "Derivative instruments" and “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income. (b) Net of tax of $1 million and $5 million for the three months ended March 31, 2019 and 2018 , respectively.

Investment in Affiliates (Table

Investment in Affiliates (Tables)	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 : Three months ended March 31, (in millions) 2019 2018 Net operating revenues $ 192 $ 195 Operating expenses 103 101 Operating income $ 89 $ 94 Net income $ 90 $ 94 FDC equity earnings 36 33

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Basis of Presentation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Out of period adjustment	$ 23

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Pending Merger with Fiserv, Inc. (Details)	Mar. 31, 2019$ / sharesshares	Mar. 14, 2019shares	Jan. 16, 2019$ / shares	Dec. 31, 2018$ / sharesshares
Class B
Business Acquisition [Line Items]
Common stock, par value (in dollars per share)	$ 0.01			$ 0.01
Common stock, outstanding shares (in shares) | shares	369,000,000	364,441,146		369,000,000
Merger Sub | Fiserv
Business Acquisition [Line Items]
Exchange ratio			0.303
Common stock, par value (in dollars per share)			$ 0.01

Basis of Presentation and Sum_6

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
	Mar. 31, 2019	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Amortization of payments for customers contracts	$ 14	$ 13
Amortization related to equity method investments	$ 1	$ 8

Basis of Presentation and Sum_7

Basis of Presentation and Summary of Significant Accounting Policies - Recently Adopted Accounting Guidance (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated loss	$ (7,892)		$ (8,067)
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated loss		$ 6

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Short-term borrowings:
Total short-term borrowings	$ 943	$ 943
Unamortized deferred financing costs	(3)	(3)
Current portion of long-term borrowings:
Finance lease obligations and other arrangements	97	108
Total current portion of long-term borrowings	216	227
Total short-term and current portion of long-term borrowings	1,159	1,170
Long-term borrowings:
Total Long-term borrowings	16,282	16,429
Unamortized discount and unamortized deferred financing costs	(85)	(91)
Finance lease obligations and other arrangements	187	210
Total Borrowings	17,441	17,599
Long-term borrowings	16,400	15,700
Secured debt | Senior secured term loan facility due 2022
Long-term borrowings:
Total Long-term borrowings	2,418	2,518
Secured debt | Senior secured term loan facility due 2023
Current portion of long-term borrowings:
Senior secured term loan facility due 2023	119	119
Long-term borrowings:
Total Long-term borrowings	4,601	4,631
Secured debt | Senior secured term loan facility due 2024
Long-term borrowings:
Total Long-term borrowings	3,892	3,892
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	$ 1,883	1,883
Interest rate	5.00%
Secured debt | 5.75% Senior secured second lien notes due 2024
Long-term borrowings:
Total Long-term borrowings	$ 2,176	2,176
Interest rate	5.75%
Line of credit | Lines of credit
Short-term borrowings:
Total short-term borrowings	$ 127	224
Line of credit | Senior Secured Revolving Credit Facility | Revolving credit facility
Short-term borrowings:
Credit facility	250	250
Receivable securitized loan
Short-term borrowings:
Total short-term borrowings	$ 569	$ 472

Borrowings - Lines of Credit (D

Borrowings - Lines of Credit (Details) - Line of credit - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Amount outstanding and uncommitted	$ 16	$ 13
Lines of credit
Line of Credit Facility [Line Items]
Available amount	$ 378	$ 516
Weighted average interest rate	2.10%	2.60%
Lines of credit | Affiliated entity
Line of Credit Facility [Line Items]
Available amount	$ 165	$ 290

Borrowings - Senior Secured Rev

Borrowings - Senior Secured Revolving Credit Facility (Details) - Line of credit - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Revolving credit facility | Senior secured revolving credit facility due June 2, 2020
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,250,000,000
Line of credit facility, remaining borrowing capacity	995,000,000
Letter of credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	250,000,000
Letter of credit | Senior secured revolving credit facility due June 2, 2020
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	$ 5,000,000	$ 5,000,000

Borrowings - Senior Unsecured R

Borrowings - Senior Unsecured Revolving Credit Facility (Details) - Line of credit - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
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	$ 30,000,000	$ 30,000,000
Interest rate	1.85%

Borrowings - Receivable Securit

Borrowings - Receivable Securitization Agreement (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Borrowings	$ 943,000,000	$ 943,000,000
Receivable securitized loan
Debt Instrument [Line Items]
Maximum borrowing capacity	578,000,000
Borrowings	$ 569,000,000	$ 472,000,000
Weighted-average interest rate	3.64%	3.65%
First Data Receivables, LLC | Collateral pledged
Debt Instrument [Line Items]
Receivables transferred to FDR as part of securitization program	$ 710,000,000	$ 726,000,000

Revenue Recognition - Interchan

Revenue Recognition - Interchange Fees and Assessments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Interchange fees and assessments	$ 6,798	$ 6,476
Debit network fees	$ 871	$ 818

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2,316	$ 2,282
Transaction and processing services
Disaggregation of Revenue [Line Items]
Total Revenue	2,042	2,011
Hardware, Professional Services, and Other
Disaggregation of Revenue [Line Items]
Total Revenue	274	271
North America
Disaggregation of Revenue [Line Items]
Total Revenue	1,849	1,807
EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	249	276
LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	133	118
APAC
Disaggregation of Revenue [Line Items]
Total Revenue	85	81
Global Business Solutions
Disaggregation of Revenue [Line Items]
Total Revenue	1,401	1,330
Global Business Solutions | North America
Disaggregation of Revenue [Line Items]
Total Revenue	1,088	1,033
Global Business Solutions | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	161	162
Global Business Solutions | LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	100	87
Global Business Solutions | APAC
Disaggregation of Revenue [Line Items]
Total Revenue	52	48
Global Financial Solutions
Disaggregation of Revenue [Line Items]
Total Revenue	560	597
Global Financial Solutions | North America
Disaggregation of Revenue [Line Items]
Total Revenue	410	423
Global Financial Solutions | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	85	112
Global Financial Solutions | LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	33	31
Global Financial Solutions | APAC
Disaggregation of Revenue [Line Items]
Total Revenue	32	31
Network & Security Solutions
Disaggregation of Revenue [Line Items]
Total Revenue	355	355
Network & Security Solutions | North America
Disaggregation of Revenue [Line Items]
Total Revenue	351	351
Network & Security Solutions | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	3	2
Network & Security Solutions | LATAM
Disaggregation of Revenue [Line Items]
Total Revenue	0	0
Network & Security Solutions | APAC
Disaggregation of Revenue [Line Items]
Total Revenue	$ 1	$ 2

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Long-term accounts receivable, net of allowance for doubtful accounts	$ 197	$ 220

Revenue Recognition - Changes i

Revenue Recognition - Changes in Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Change in Contract with Customer, Liability [Abstract]
Balance, beginning of the period	$ 298	$ 344
New Revenue Standard adjustments	0	(39)
Deferral of revenue	37	58
Recognition of unearned revenue	(45)	(59)
Other (primarily foreign currency translation)	(5)	5
Balance, end of period	$ 285	$ 309

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details	Mar. 31, 2019
SMB
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contractual period	1 year
Large Contracts | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contractual period	1 year
Large Contracts | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contractual period	15 years
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
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Capitalized Contract Cost [Line Items]
Amortization expense	$ 14	$ 13
Contract Costs
Capitalized Contract Cost [Line Items]
Capitalized costs	163		$ 152
Amortization expense	14	13
Conversion Costs
Capitalized Contract Cost [Line Items]
Capitalized costs	174		$ 172
Amortization expense	$ 9	$ 10
Amortization period	7 years

Leases - Narrative (Details)

Leases - Narrative (Details)	Mar. 31, 2019
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	15 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) $ in Millions	Mar. 31, 2019USD ($)
Finance leases
Assets under finance leases	$ 546
Accumulated depreciation	(361)
Assets under finance lease, net	185
Current finance lease liabilities	67
Non-current finance lease liabilities	140
Total finance lease liabilities	207
Operating leases
Operating lease ROU assets	315
Current operating lease liabilities	68
Non-current operating lease liabilities	266
Total operating lease liabilities	$ 334

Stock Compensation Plans - Allo

Stock Compensation Plans - Allocation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 64	$ 74
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	15	16
Selling, general, and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	41	58
Other operating expenses, net
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 8	$ 0

Stock Compensation Plans - Narr

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment of taxes related to net settlement of equity awards	$ 97	$ 56
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	6	9
Weighted average price per share (in dollars per share)	$ 24.94	$ 15.37
Unrecognized compensation expense	$ 343
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	$ 20

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
	Mar. 31, 2019	Mar. 31, 2018
Numerator:
Net income attributable to First Data Corporation	$ 169	$ 101
Denominator:
Weighted average shares used in computing net income per share, basic (in shares)	937	923
Effect of dilutive securities (in shares)	30	23
Total dilutive securities (in shares)	967	946
Net income attributable to First Data Corporation per share:
Basic (in dollars per share)	$ 0.18	$ 0.11
Diluted (in dollars per share)	$ 0.17	$ 0.11
Anti-dilutive shares excluded from diluted net income per share (in shares)	1	11

Segment Information - Schedule

Segment Information - Schedule of Operating Segment Results (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Total revenues	$ 2,316	$ 2,282
Depreciation and amortization	246	250
Segment EBITDA	754	730
Global Business Solutions
Revenues:
Total revenues	1,401	1,330
Global Financial Solutions
Revenues:
Total revenues	560	597
Network & Security Solutions
Revenues:
Total revenues	355	355
Operating Segments | Global Business Solutions
Revenues:
Total revenues	1,387	1,318
Depreciation and amortization	122	125
Segment EBITDA	471	434
Operating Segments | Global Business Solutions | Revenues
Revenues:
Total revenues	1,379	1,310
Operating Segments | Global Business Solutions | Equity earnings in affiliates
Revenues:
Total revenues	8	8
Operating Segments | Global Financial Solutions
Revenues:
Total revenues	369	400
Depreciation and amortization	83	88
Segment EBITDA	147	166
Operating Segments | Global Financial Solutions | Revenues
Revenues:
Total revenues	370	401
Operating Segments | Global Financial Solutions | Equity earnings in affiliates
Revenues:
Total revenues	(1)	(1)
Operating Segments | Network & Security Solutions
Revenues:
Total revenues	361	362
Depreciation and amortization	28	29
Segment EBITDA	195	175
Operating Segments | Network & Security Solutions | Revenues
Revenues:
Total revenues	361	362
Operating Segments | Network & Security Solutions | Equity earnings in affiliates
Revenues:
Total revenues	0	0
Corporate
Revenues:
Total revenues	0	0
Depreciation and amortization	0	0
Segment EBITDA	(59)	(45)
Corporate | Revenues
Revenues:
Total revenues	0	0
Corporate | Equity earnings in affiliates
Revenues:
Total revenues	0	0
Total
Revenues:
Total revenues	2,117	2,080
Depreciation and amortization	233	242
Segment EBITDA	754	730
Total | Revenues
Revenues:
Total revenues	2,110	2,073
Total | Equity earnings in affiliates
Revenues:
Total revenues	$ 7	$ 7

Segment Information - Reconcili

Segment Information - Reconciliation of Segment Amounts to the Consolidated (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 2,316	$ 2,282
Total segment EBITDA	754	730
Adjustments:
Depreciation and amortization	(246)	(250)
Interest expense, net	(203)	(233)
Loss on debt extinguishment	(1)	0
Stock-based compensation	(64)	(74)
Income tax expense	(29)	(27)
Net income attributable to First Data Corporation	169	101
Reimbursable items
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	192	198
Operating segments and corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,117	2,080
Total segment EBITDA	754	730
Adjustments:
Depreciation and amortization	(233)	(242)
Adjustments
Adjustments:
Non wholly-owned entities	13	18
Depreciation and amortization	(246)	(250)
Interest expense, net	(203)	(233)
Loss on debt extinguishment	(1)	0
Other items	(63)	(63)
Stock-based compensation	(56)	(74)
Income tax expense	(29)	(27)
Adjustments | Non wholly-owned entities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7	4
Adjustments | Reimbursable items
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 192	$ 198

Segment Information - Schedul_2

Segment Information - Schedule of Depreciation and Amortization (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization per unaudited consolidated statements of income	$ 246	$ 250
Amortization of payments for customers contracts	14	13
Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows	261	271
Amortization of equity method investments	(1)	(8)
Amortization of payments for customer contracts	(14)	(13)
Operating segments and corporate
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization per unaudited consolidated statements of income	233	242
Adjustments
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization per unaudited consolidated statements of income	246	250
Adjustments for non wholly-owned entities	14	16
Amortization of payments for customers contracts	14	13
Amortization of equity method investments	(1)	(8)
Amortization of payments for customer contracts	$ (14)	$ (13)

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Amounts (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 29	$ 27
Effective income tax rate	12.00%	17.00%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Effective tax rate, adjustments, amount	$ 23	$ 7
Unrecognized tax benefits	97
Decrease in liability for unrecognized tax benefits reasonably possible	$ 17

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)noncontrolling_interest	Mar. 31, 2018USD ($)
Noncontrolling Interest [Abstract]
Number of redeemable noncontrolling interests | noncontrolling_interest	1
Redeemable noncontrolling interest activity [Roll Forward]
Balance as of beginning of the period	$ 77	$ 72
Distributions	(7)	(8)
Share of income	8	8
Adjustment to redemption value of redeemable noncontrolling interest	15	6
Balance as of end of the period	$ 93	$ 78

Other Operating Expenses, Net -

Other Operating Expenses, Net - Summary of Other Operating Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Other Income and Expenses [Abstract]
Restructuring, net	$ 3	$ 32
Deal and deal integration costs	33	7
Merchant matters	0	20
Other	0	1
Other operating expenses, net	$ 36	$ 60

Other Operating Expenses, Net_2

Other Operating Expenses, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Other Income and Expenses [Abstract]
Restructuring costs expected to incur	$ 20
Deal and deal integration costs	33	$ 7
Merchant matters	$ 0	$ 20

Other Operating Expenses, Net_3

Other Operating Expenses, Net - Summary of Net Pretax Charges Incurred by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ 3	$ 32
Operating Segments | Global Business Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	3	5
Operating Segments | Global Financial Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	0	2
Operating Segments | Network & Security Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	0	16
Corporate
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ 0	$ 9

Other Operating Expenses, Net_4

Other Operating Expenses, Net - Summary of Utilization of Restructuring Accruals (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	$ 16
Employee expense	3
Cash payments and other	(4)
Remaining accrual at the end of the period	15
Employee Severance
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	9
Employee expense	3
Cash payments and other	(3)
Remaining accrual at the end of the period	9
Other
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	7
Employee expense	0
Cash payments and other	(1)
Remaining accrual at the end of the period	$ 6

Acquisitions (Details)

Acquisitions (Details) - Software Express $ in Millions	1 Months Ended
	Mar. 31, 2019USD ($)
Business Acquisition [Line Items]
Percentage of voting interest acquired	100.00%
Purchase price	$ 79
Restricted cash	$ 12
Cash payment to seller, period	6 years

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Notional Amounts (Details) € in Millions, £ in Millions, $ in Millions, $ in Millions	Sep. 30, 2019USD ($)	Mar. 31, 2019EUR (€)	Mar. 31, 2019GBP (£)	Mar. 31, 2019CAD ($)	Mar. 31, 2019USD ($)	Jan. 31, 2019USD ($)	Dec. 31, 2018EUR (€)	Dec. 31, 2018GBP (£)	Dec. 31, 2018CAD ($)	Dec. 31, 2018USD ($)
Derivatives, Fair Value [Line Items]
Assets					$ 12					$ 21
Liabilities					67					63
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Assets					7					11
Liabilities					0					19
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts | EUR
Derivatives, Fair Value [Line Items]
Notional Value | €		€ 915					€ 915
Assets					2					0
Liabilities					0					19
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts | GBP
Derivatives, Fair Value [Line Items]
Notional Value | £			£ 150					£ 150
Assets					2					6
Liabilities					0					0
Derivatives designated as hedges | Net Investment Hedging | Foreign exchange contracts | CAD
Derivatives, Fair Value [Line Items]
Notional Value				$ 95					$ 95
Assets					3					5
Liabilities					0					0
Derivatives designated as hedges | Cash Flow Hedging | USD
Derivatives, Fair Value [Line Items]
Assets					5					10
Liabilities					67					44
Derivatives designated as hedges | Cash Flow Hedging | Interest rate collar contracts
Derivatives, Fair Value [Line Items]
Notional Value						$ 1,300
Derivatives designated as hedges | Cash Flow Hedging | Interest rate collar contracts | Scenario, Forecast
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					1,500					2,800
Assets					5					10
Liabilities					0					0
Derivatives designated as hedges | Cash Flow Hedging | Interest rate swap contracts | USD
Derivatives, Fair Value [Line Items]
Notional Value					7,250					7,250
Assets					0					0
Liabilities					$ 67					$ 44

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Derivative Instruments on Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in the unaudited consolidated statements of comprehensive income (effective portion)	$ 33	$ 99
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
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)	(28)	9
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)	24	(30)
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

Derivative Financial Instrume_5

Derivative Financial Instruments - Summary of Cash Flow Hedges and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 6,967	$ 6,014
Decrease in fair value of derivatives that qualify for hedge accounting, net of tax	33	99
Ending balance	7,164	6,212
Accumulated derivative gains and losses
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	165	121
Decrease in fair value of derivatives that qualify for hedge accounting, net of tax	(3)	(16)
Ending balance	162	105
Other comprehensive income (loss), tax	$ 1	$ 5

Commitments and Contingencies (

Commitments and Contingencies (Details)	Mar. 31, 2019USD ($)
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	103,000,000
Maximum | Patent infringement
Commitments and contingencies
Possible losses in excess of any amounts accrued	5,000,000
Maximum | Merchant matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	93,000,000
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
	Mar. 31, 2019USD ($)subsidiary	Mar. 31, 2018USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Number of unconsolidated significant subsidiary not required to be consolidated | subsidiary	1
Pre-tax loss (as a percent) (more than)	20.00%
Financial information related to operating results
FDC equity earnings	$ 52	$ 49
Unconsolidated significant subsidiary
Financial information related to operating results
Net operating revenues	192	195
Operating expenses	103	101
Operating income	89	94
Net income	90	94
FDC equity earnings	$ 36	$ 33

Uncategorized Items - fdc-20190

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (13,000,000)
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	6,000,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(13,000,000)
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 6,000,000