First Data 10-Q 10 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document Information [Line Items]
Entity Registrant Name	FIRST DATA CORP
Entity Central Index Key	883,980
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Class B Common Stock, Shares Outstanding		179,873,244
Class B common stock
Document Information [Line Items]
Entity Class B Common Stock, Shares Outstanding		719,330,114

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Transaction and processing service fees	[1]	$ 1,673	$ 1,652	$ 4,906	$ 4,864
Product sales and other	[1]	309	252	844	712
Total revenues (excluding reimbursable items)		1,982	1,904	5,750	5,576
Reimbursable PIN debit fees, postage, and other		938	888	2,737	2,693
Total revenues		2,920	2,792	8,487	8,269
Expenses:
Cost of services (exclusive of items shown below)		686	671	2,055	1,971
Cost of products sold		96	80	257	240
Selling, general, and administrative		521	528	1,567	1,538
Depreciation and amortization		257	268	760	796
Other operating expenses:
Restructuring, net		20	4	40	11
Total expenses (excluding reimbursable items)		1,580	1,551	4,679	4,556
Reimbursable PIN debit fees, postage, and other		938	888	2,737	2,693
Total expenses		2,518	2,439	7,416	7,249
Operating (loss) profit		402	353	1,071	1,020
Interest income		1	2	3	9
Interest expense		(389)	(407)	(1,202)	(1,334)
Loss on debt extinguishment		(108)	(271)	(108)	(274)
Other income (expense)		(10)	57	1	140
Total nonoperating (income) expenses		(506)	(619)	(1,306)	(1,459)
(Loss) income before income taxes and equity earnings in affiliates		(104)	(266)	(235)	(439)
Income tax expense (benefit)		32	(23)	45	54
Equity earnings in affiliates		61	55	175	163
Net income (loss)		(75)	(188)	(105)	(330)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		51	47	159	140
Net (loss) income attributable to First Data Corporation		$ (126)	$ (235)	$ (264)	$ (470)
Net loss per share, basic and diluted (in dollars per share)		$ (126,000)	$ (235,000)	$ (264,000)	$ (470,000)
Weighted-average shares used to compute basic and diluted net loss per share (in shares)		1,000	1,000	1,000	1,000
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $55 million and $153 million for the three and nine months ended September 30, 2015, respectively, and $45 million and $135 million for the comparable periods in 2014.

CONSOLIDATED STATEMENTS OF OPE3

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Processing fess, administrative service fees, and other fees charged to merchant alliances under equity method	$ 55	$ 45	$ 153	$ 135

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (75)	$ (188)	$ (105)	$ (330)
Other comprehensive income (loss), net of tax:
Net change in unrealized (gains) losses on securities, net of reclassifications	(2)	2	3	2
Foreign currency translation adjustment	(85)	(152)	(221)	(168)
Pension liability adjustments	0	0	2	1
Total other comprehensive income (loss), net of tax	(87)	(150)	(216)	(165)
Comprehensive income (loss)	(162)	(338)	(321)	(495)
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest	51	40	151	133
Comprehensive income (loss) attributable to First Data Corporation	$ (213)	$ (378)	$ (472)	$ (628)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 368	$ 358
Accounts receivable, net of allowance for doubtful accounts of $57 and $51	1,741	1,752
Settlement assets	7,114	7,555
Other current assets	439	289
Total current assets	9,662	9,954
Property and equipment, net of accumulated depreciation of $1,377 and $1,233	932	930
Goodwill	16,892	17,017
Customer relationships, net of accumulated amortization of $5,190 and $4,871	2,259	2,604
Other intangibles, net of accumulated amortization of $2,070 and $1,965	1,778	1,745
Investment in affiliates	1,058	1,101
Other long-term assets	859	849
Total assets	33,440	34,200
Current liabilities:
Accounts payable	243	280
Short-term and current portion of long-term borrowings	361	161
Settlement obligations	7,115	7,557
Other current liabilities	1,517	1,533
Total current liabilities	9,236	9,531
Long-term borrowings	20,816	20,760
Long-term deferred tax liabilities	544	521
Other long-term liabilities	780	788
Total liabilities	$ 31,376	$ 31,600
Commitments and contingencies (See note 8)
Redeemable noncontrolling interest	$ 78	$ 70
First Data Corporation shareholder's deficit:
Common stock, $0.01 par value; 1,000 shares authorized and issued (2015 and 2014)	0	0
Additional paid-in capital	9,919	9,906
Accumulated loss	(9,815)	(9,547)
Accumulated other comprehensive loss	(1,137)	(929)
Total First Data Corporation shareholder's deficit	(1,033)	(570)
Noncontrolling interests	3,019	3,100
Total equity	1,986	2,530
Total liabilities and equity	$ 33,440	$ 34,200

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 57	$ 51
Property and equipment, accumulated depreciation	1,377	1,233
Customer relationships, accumulated amortization	5,190	4,871
Other intangibles, accumulated amortization	$ 2,070	$ 1,965
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	1,000	1,000
Common stock, issued shares (in shares)	1,000	1,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (105)	$ (330)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)	843	878
Charges related to other operating expenses and other income	147	145
Other non-cash and non-operating items, net	(13)	(8)
(Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in:
Accounts receivable, current and long-term	(66)	53
Other assets, current and long-term	(16)	64
Accounts payable and other liabilities, current and long-term	(71)	(180)
Income tax accounts	(32)	(23)
Net cash provided by operating activities	687	599
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid	4	270
Additions to property and equipment	(213)	(214)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs	(244)	(196)
Acquisitions, net of cash acquired	(89)	(30)
Proceeds from sale of property and equipment	3	3
Purchase of investments	(17)	0
Other investing activities	2	2
Net cash used in investing activities	(554)	(165)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net	219	(35)
Proceeds from issuance of long-term debt	2,206	1,830
Payment of debt issuance cost	(104)	(355)
Principal payments on long-term debt	(2,185)	(3,725)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	(232)	(201)
Purchase of noncontrolling interest	0	(1)
Capital transactions with parent, net	(13)	2,035
Net cash used in financing activities	(109)	(452)
Effect of exchange rate changes on cash and cash equivalents	(14)	(21)
Change in cash and cash equivalents	10	(39)
Cash and cash equivalents at beginning of period	358	425
Cash and cash equivalents at end of period	368	386
NON-CASH TRANSACTIONS:
Capital leases, net of trade-ins	$ 33	$ 101

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions		Total	Common Shares	Accumulated Loss	Accumulated Other Comprehensive Loss	Paid-In Capital	Noncontrolling Interests
Shares outstanding, beginning balance (in shares) at Dec. 31, 2013			1,000
Beginning balance at Dec. 31, 2013		$ 1,575		$ (8,403)	$ (589)	$ 7,384	$ 3,183
Increase (Decrease) in Stockholders' Equity
Dividends and distributions paid to noncontrolling interests		(175)					(175)
Net (loss) income	[1]	(355)		(470)			115
Other comprehensive loss		(165)			(158)		(7)
Adjustment to noncontrolling interest and redemption value of redeemable noncontrolling interest		(3)				(3)
Stock compensation expense and other		39				39
Capital Contribution from First Data Holdings		2,482				2,482
Cash dividends paid by First Data Corporation to Parent		(440)		(440)
Shares outstanding, ending balance (in shares) at Sep. 30, 2014			1,000
Ending balance at Sep. 30, 2014		2,958		(9,313)	(747)	9,902	3,116
Shares outstanding, beginning balance (in shares) at Dec. 31, 2014			1,000
Beginning balance at Dec. 31, 2014		2,530		(9,547)	(929)	9,906	3,100
Increase (Decrease) in Stockholders' Equity
Dividends and distributions paid to noncontrolling interests		(206)					(206)
Net (loss) income	[1]	(131)		(264)			133
Other comprehensive loss		(216)			(208)		(8)
Adjustment to noncontrolling interest and redemption value of redeemable noncontrolling interest		(8)				(8)
Stock compensation expense and other		21				21
Cash dividends paid by First Data Corporation to Parent		(4)		(4)
Shares outstanding, ending balance (in shares) at Sep. 30, 2015			1,000
Ending balance at Sep. 30, 2015		$ 1,986		$ (9,815)	$ (1,137)	$ 9,919	$ 3,019
[1]	The total net loss presented in the unaudited consolidated statements of equity for the nine months ended September 30, 2015 and 2014 is $26 million and $25 million, respectively, greater than the amount presented in the unaudited consolidated statements of operations due to the net income attributable to the redeemable noncontrolling interest not included in equity.

CONSOLIDATED STATEMENTS OF EQU9

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Total net loss	$ 26	$ 25

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Business Description First Data Corporation (FDC or the Company) is a global leader in commerce-enabling technology and solutions, for merchants, financial institutions, and card issuers. The services the Company provides include merchant transaction processing and acquiring; credit, retail, and debit card issuing and processing; prepaid services; and check verification, settlement and guarantee services. On October 15, 2015, the Company filed its Prospectus with the Securities and Exchange Commission pursuant to Rule 424(b). The Company issued 176,076,869 shares of Class A common stock and began trading on the New York Stock Exchange under the symbol "FDC". The net proceeds to the Company from the offering, after deducting underwriting discounts, commissions, and Kohlberg Kravis Roberts & Co. L.P. (KKR) termination fees was $2.6 billion . On November 2, 2015, the Company used proceeds to redeem all $510 million aggregate principal amount of its 11.25% senior unsecured notes due 2021 and intends to use the remaining proceeds to redeem approximately $1.8 billion aggregate principal amount of its 12.625% senior unsecured notes due 2021, to pay applicable premiums and related fees and expenses, and for general corporate purposes. On October 13, 2015, First Data Holdings Inc. (FDH), the Company's direct parent company, merged with and into First Data Corporation, with First Data Corporation being the surviving entity (HoldCo Merger). All outstanding shares of FDH were converted into Class B common stock, which are entitled to ten votes per share. All outstanding common stock of FDC were eliminated upon the merger. The Company will account for the HoldCo Merger as a transfer of assets between entities under common control and will reflect the transaction in its financial statements on a prospective basis beginning with the Company's 2015 consolidated financial statements on Form 10-K. On October 13, 2015, the Company amended its certificate of incorporation which affected a reverse stock split of the Company’s authorized, issued and outstanding Class B common stock, on the basis of 1 new share of Class B common stock for each 3.16091 old shares of common stock. Note 9 “Stock Compensation Plans” within these consolidated financial statements has been retrospectively adjusted to reflect the impact of the reverse stock split. The shares on the Company’s consolidated balance sheet have not been adjusted because the shares of FDC stock were not subject to the stock split. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2014 included in the Company's Prospectus filed with the Securities and Exchange Commission on October 15, 2015 pursuant to Rule 424(b). Significant accounting policies disclosed therein have not changed. 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 as of September 30, 2015 and the consolidated results of its operations and comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 and the consolidated cash flows and changes in equity for the nine months ended September 30, 2015 and 2014 . Results of operations reported for interim periods are not necessarily indicative of results for the entire year due in part to the seasonality of certain business units. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Presentation Depreciation and amortization presented as a separate line item on the Company’s unaudited consolidated statements of operations does not include amortization of initial payments for new contracts which is recorded as a contra-revenue within “Transaction and processing service fees.” Also not included is amortization related to equity method investments which is netted within the “Equity earnings in affiliates” line. The following table presents the amounts associated with such amortization: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Amortization of initial payments for new contracts $ 14 $ 13 $ 38 $ 35 Amortization related to equity method investments 15 15 45 47 Revenue Recognition The majority of the Company’s revenues are comprised of: 1) transaction-based fees, which typically constitute a percentage of dollar volume processed; 2) fees per transaction processed; 3) fees per account on file during the period; or 4) some combination thereof. In multiple-element transactions, revenue is allocated to the separate units of accounting provided each element has stand-alone value to the customer. Stand-alone value is based on the relative selling price of any undelivered items for which delivery is probable and substantially within the Company’s control. In the case of contracts that the Company owns and manages, revenue is comprised of fees charged to the client, net of interchange fees and assessments charged by the credit card associations, and is recognized at the time the client accepts a point of sale transaction. The fees charged to the client are a percentage of the credit card and signature based debit card transaction’s dollar value, a fixed amount or a combination of the two. Personal identification number based debit (PIN-debit) network fees are recognized in “Reimbursable PIN debit fees, postage, and other” revenues and expenses in the unaudited consolidated statements of operations. STAR Network access fees charged to clients are assessed on a per transaction basis. Interchange fees and assessments charged by credit card associations to the Company’s consolidated subsidiaries and network fees related to PIN-debit transactions charged by debit networks are as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Interchange fees and assessments $ 5,598 $ 5,218 $ 16,089 $ 15,091 Debit network fees 757 729 2,227 2,221 The Company records deferred revenue when it receives payments or invoices in advance of the delivery of products or the performance of services. The deferred revenue is recognized into earnings when underlying performance obligations are achieved. As of September 30, 2015 and December 31, 2014 , current deferred revenue included within "Other current liabilities" in the Company's unaudited consolidated balance sheets was $108 million and $84 million , respectively. As of September 30, 2015 and December 31, 2014 , noncurrent deferred revenue included within "Other long-term liabilities" in the Company's unaudited consolidated balance sheets was $137 million and $118 million , respectively. Net Loss Per Share Basic net loss per share is calculated by dividing net loss attributable to First Data Corporation by the weighted-average shares outstanding during the period, without consideration for any potential dilutive shares. Dilutive loss per share is the same as basic loss per share for all periods presented because there are no dilutive or potentially dilutive securities. New Accounting Guidance In May 2014, the Financial Accounting Standards Board (FASB) issued guidance that requires companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in an exchange for those goods or services. It also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively, and improves guidance for multiple-element arrangements. The guidance applies to any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. As amended in August 2015, the guidance is effective for public companies for annual periods beginning after December 15, 2017 as well as interim periods within those annual periods using either the full retrospective approach or modified retrospective approach. The FASB also permitted early adoption of the standard, but not before December 15, 2016. The Company is currently evaluating the impacts of the new guidance on its consolidated financial statements. In April 2015, the FASB issued guidance that requires companies to present debt issuance costs related to a recognized debt liability on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. Debt issuance costs will continue to be amortized to interest expense using the effective interest method. The guidance is effective for public companies for annual periods beginning after December 15, 2015 as well as interim periods within those annual periods using the retrospective approach. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements.

Supplemental Financial Informat

Supplemental Financial Information	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]
Supplemental Financial Information	Supplemental Financial Information Supplemental Unaudited Consolidated Statements of Operations Information The following table details the components of “Other income (expense)” on the unaudited consolidated statements of operations: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Investment gains $ — $ 11 $ — $ 100 Derivative financial instruments gains and (losses) (9 ) 6 (25 ) 2 Divestitures, net gains — 1 3 2 Non-operating foreign currency gains and (losses) (1 ) 39 23 36 Other income (expense) $ (10 ) $ 57 $ 1 $ 140

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The Company recorded restructuring charges during the three and nine months ended September 30, 2015 and 2014 , in connection with management’s alignment of the business with strategic objectives, cost savings initiatives, the departure of certain executive officers, and refinements of estimates. On May 4, 2015, the Company announced a strategic expense management initiative to optimize its annualized expense base by mid-2016. Anticipated restructuring costs will be approximately $75 million , mainly cash, and began being recognized in the second quarter of 2015. The net charge is expected to include costs for severance, retention, and transition, asset impairments, professional services fees, and gains/losses on the sale of facilities. The vast majority of the net charge will be related to personnel (severance, retention and transition). A summary of net pretax benefits (charges), incurred by segment, for each period is as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Global Business Solutions $ (9 ) $ (1 ) $ (14 ) $ (1 ) Global Financial Solutions (5 ) (1 ) (9 ) — Network & Security Solutions (1 ) — (1 ) (1 ) Corporate (5 ) (2 ) (16 ) (9 ) Restructuring, net $ (20 ) $ (4 ) $ (40 ) $ (11 ) The following table summarizes the Company’s utilization of restructuring accruals for the period presented: (in millions) Employee Severance Other Remaining accrual as of January 1, 2015 $ 12 $ 1 Restructuring, net 37 3 Cash payments and other (16 ) (3 ) Remaining accrual as of September 30, 2015 $ 33 $ 1

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions On June 9, 2015, the Company acquired Transaction Wireless, Inc. (TWI) a provider of digital stored value products that offer gift card programs, loyalty incentives, and integrated marketing solutions for retailers, partners, and consumers. The purchase price was approximately $62 million in cash and $3 million in equity. The acquisition is reported as part of the Network & Security Solutions segment. In addition to TWI, the Company also completed an acquisition of a webstore builder as well as an acquisition of a wholesale independent sales organization, both of which are reported in the Company's Global Business Solutions segment.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Borrowings	Borrowings (in millions) As of September 30, As of December 31, Short-term borrowings: Foreign lines of credit and other arrangements $ 33 $ 68 Senior secured revolving credit facility 260 10 Total short-term borrowings 293 78 Current portion of long-term borrowings: 4.95% Unsecured notes due 2015 — 10 Capital lease obligations 68 73 Total current portion of long-term borrowings 68 83 Total Short-term and current portion of long-term borrowings 361 161 Long-term borrowings: Senior secured term loan facility due March 2017, net of unamortized discount of $3 and $4 1,456 1,457 Senior secured term loan facility due March 2018, net of unamortized discount of $29 and $38 4,918 4,939 Senior secured term loan facility due September 2018, net of unamortized discount of $16 and $21 992 987 Senior secured term loan facility due March 2021, net of unamortized discount of $9 and $11 1,167 1,180 Senior secured term loan facility due July 2022, net of unamortized discount of $16 988 — 7.375% Senior secured first lien notes due 2019, net of unamortized discount of $0 and $19 — 1,576 8.875% Senior secured first lien notes due 2020, net of unamortized discount of $0 and $10 — 500 6.75% Senior secured first lien notes due 2020, net of unamortized discount of $12 and $14 1,385 1,383 5.375% Senior secured first lien notes due 2023, net of unamortized discount of $12 1,198 — 8.25% Senior secured second lien notes due 2021, net of unamortized discount of $10 and $11 1,990 1,989 8.75% Senior secured second lien notes due 2022, net of unamortized discount of $5 and $6 995 994 12.625% Senior unsecured notes due 2021, net of unamortized discount of $14 and $16 2,986 2,984 10.625% Senior unsecured notes due 2021, net of unamortized discount of $1 and $1 529 529 11.25% Senior unsecured notes due 2021, net of unamortized discount of $8 and $10 502 500 11.75% Senior unsecured subordinated notes due 2021, net of unamortized discount of $1 and $1 1,608 1,608 Capital lease obligations 102 134 Total long-term borrowings 20,816 20,760 Total borrowings $ 21,177 $ 20,921 Lines of Credit and Other Arrangements As of September 30, 2015 and December 31, 2014 , the Company had $289 million and $349 million , respectively, available under short-term lines of credit and other arrangements with foreign banks and alliance partners primarily to fund settlement activity. As of September 30, 2015 , the Company had a $150 million committed line of credit for one of the Company's U.S. alliances. The remainder of these arrangements are primarily associated with international operations and are in various functional currencies, the most significant of which are the Australian dollar, the Polish zloty, and the euro. Of the amounts outstanding as of September 30, 2015 and December 31, 2014 , $20 million and $67 million , respectively, were uncommitted. Senior Secured Revolving Credit Facility On June 2, 2015, the Company terminated and replaced its previous $1.0 billion senior secured revolving credit facility maturing September 24, 2016 with a new $1.25 billion senior secured revolving credit facility maturing on June 2, 2020 subject to certain earlier springing maturity provisions in certain circumstances. The Company had $260 million and $10 million outstanding against these facilities as of September 30, 2015 and December 31, 2014 , respectively. Up to $250 million of the new senior secured revolving credit facility is available for letters of credit, of which $46 million and $43 million of letters of credit were issued under these facilities as of September 30, 2015 and December 31, 2014 , respectively. As of September 30, 2015 , $944 million remained available. Recent Events On July 10, 2015, the Company entered into an amendment to its senior secured credit facilities providing for incremental term loans of $725 million and €250 million ( $276 million ), the proceeds of which were used to redeem $955 million of the Company's 7.375% senior secured first lien notes due 2019. Associated with the redemption, the Company incurred $45 million in loss on debt extinguishment. On August 11, 2015, the Company issued $1.2 billion of 5.375% senior secured first lien notes due 2023. Proceeds from this offering are being used to redeem and/or repurchase outstanding amounts under the Company's 7.375% senior secured first lien notes due 2019 and the Company's 8.875% senior secured first lien notes due 2020. Associated with this transaction, the Company incurred $63 million in loss on debt extinguishment. Fair Value Measurement As of September 30, 2015 , the fair value of the Company's long-term borrowings was $21.7 billion . 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.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information During the second quarter, the Company realigned its operating segments into three reportable segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. Following the realignment, the Company retroactively adjusted all segment related disclosures included within the notes to the unaudited consolidated financial statements. For a detailed discussion of the Company’s principles and detailed discussions regarding its operating segments refer to note 13 “Segment Information” in the Company’s audited consolidated financial statements for the year ended December 31, 2014 included in the Company's Prospectus filed with the Securities and Exchange Commission on October 15, 2015 pursuant to Rule 424(b), which reflects the Company's realigned operating segments. The following tables present the Company’s operating segment results for the periods presented: Three months ended September 30, 2015 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 801 $ 341 $ 339 $ — $ 1,481 Product sales and other 223 50 35 — 308 Equity earnings in affiliates 8 — — — 8 Total segment revenues $ 1,032 $ 391 $ 374 $ — $ 1,797 Depreciation and amortization $ 124 $ 98 $ 22 $ 8 $ 252 Segment EBITDA (a) 431 145 162 (35 ) 703 Other operating expenses and other income (expense) excluding divestitures 34 (7 ) (1 ) (56 ) (30 ) (a) Earnings before net interest expense, income taxes, depreciation, and amortization (EBITDA). Refer to Item 2. Management's Discussion and Analysis - Segment Results where Segment EBITDA is defined. Three months ended September 30, 2014 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 818 $ 334 $ 321 $ — $ 1,473 Product sales and other 188 44 22 — 254 Equity earnings in affiliates 7 — — — 7 Total segment revenues $ 1,013 $ 378 $ 343 $ — $ 1,734 Depreciation and amortization $ 130 $ 107 $ 23 $ 1 $ 261 Segment EBITDA 415 133 151 (43 ) 656 Other operating expenses and other income (expense) excluding divestitures 50 (1 ) 8 (5 ) 52 Nine months ended September 30, 2015 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 2,413 $ 974 $ 965 $ — $ 4,352 Product sales and other 613 127 101 — 841 Equity earnings in affiliates 24 — — — 24 Total segment revenues $ 3,050 $ 1,101 $ 1,066 $ — $ 5,217 Depreciation and amortization $ 365 $ 293 $ 65 $ 20 $ 743 Segment EBITDA 1,245 388 448 (113 ) 1,968 Other operating expenses and other income (expense) excluding divestitures 55 (14 ) (1 ) (82 ) (42 ) Nine months ended September 30, 2014 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 2,440 $ 977 $ 946 $ — $ 4,363 Product sales and other 535 121 64 — 720 Equity earnings in affiliates 22 — — — 22 Total segment revenues $ 2,997 $ 1,098 $ 1,010 $ — $ 5,105 Depreciation and amortization $ 387 $ 306 $ 70 $ 17 $ 780 Segment EBITDA 1,252 379 448 (128 ) 1,951 Other operating expenses and other income (expense) excluding divestitures 11 — 96 20 127 A reconciliation of reportable segment amounts to the Company’s consolidated balances is as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Total segment revenues $ 1,797 $ 1,734 $ 5,217 $ 5,105 Adjustments to reconcile to total revenues: Adjustments for non-wholly-owned entities (a) 18 15 58 31 Independent sales organizations (ISO) commission expense 167 155 475 440 Reimbursable PIN debit fees, postage, and other 938 888 2,737 2,693 Total revenues $ 2,920 $ 2,792 $ 8,487 $ 8,269 Segment EBITDA: Global Business Solutions $ 431 $ 415 $ 1,245 $ 1,252 Global Financial Solutions 145 133 388 379 Network & Security Solutions 162 151 448 448 Total reported segments 738 699 2,081 2,079 Corporate (35 ) (43 ) (113 ) (128 ) Adjusted EBITDA 703 656 1,968 1,951 Adjustments to reconcile to Net loss attributable to First Data Corporation: Adjustments for non-wholly-owned entities (a) 6 7 19 17 Depreciation and amortization (257 ) (268 ) (760 ) (796 ) Interest expense (389 ) (407 ) (1,202 ) (1,334 ) Interest income 1 2 3 9 Loss on debt extinguishment (108 ) (271 ) (108 ) (274 ) Other items (b) (32 ) 44 (82 ) 96 Income tax expense (32 ) 23 (45 ) (54 ) Stock-based compensation (8 ) (11 ) (31 ) (45 ) Costs of alliance conversions — (4 ) (5 ) (17 ) KKR related items (6 ) (6 ) (17 ) (20 ) Debt issuance costs (4 ) — (4 ) (3 ) Net loss attributable to First Data Corporation $ (126 ) $ (235 ) $ (264 ) $ (470 ) (a) Net adjustment to reflect the Company’s proportionate share of alliance revenue and EBITDA and amortization related to equity method investments not included in segment EBITDA. (b) Includes adjustments to exclude the official check and money order businesses due to the Company's wind down of these businesses, restructuring, non-normal course litigation and regulatory settlements, and “Other income (expense)” as presented in the unaudited consolidated statements of operations, which includes divestitures, impairments, derivative gains and (losses), and non-operating foreign currency gains and (losses). A reconciliation of reportable segment depreciation and amortization amounts to the Company’s consolidated balances in the unaudited consolidated statements of cash flows and unaudited consolidated statements of operations is as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Segment depreciation and amortization $ 252 $ 261 $ 743 $ 780 Adjustments for non-wholly owned entities 20 22 62 63 Amortization of initial payments for new contracts (a) 14 13 38 35 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 286 296 843 878 Amortization of equity method investments (b) (15 ) (15 ) (45 ) (47 ) Amortization of initial payments for new contracts (a) (14 ) (13 ) (38 ) (35 ) Total consolidated depreciation and amortization per unaudited consolidated statements of operations $ 257 $ 268 $ 760 $ 796 (a) Included in "Transaction and processing service fees" as contra-revenue in the Company's unaudited consolidated statements of operations. (b) Included in "Equity earnings in affiliates" in the Company's unaudited consolidated statements of operations.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Redeemable Noncontrolling Interest One of the Company's noncontrolling interests is redeemable at the option of the holder and is presented outside of equity and carried at its estimated redemption value. The following table presents a summary of the redeemable noncontrolling interest activity during the periods presented: (in millions) 2015 2014 Balance as of January 1, $ 70 $ 69 Distributions (26 ) (26 ) Share of income 26 25 Adjustment to redemption value of redeemable noncontrolling interest 8 2 Balance as of September 30, $ 78 $ 70

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is involved in various legal proceedings. Accruals have been made with respect to these matters, where appropriate, which are reflected in the Company’s unaudited consolidated financial statements. The Company may enter into discussions regarding settlement of these matters, and may enter into settlement agreements, if it believes settlement is in the best interest of the Company. The matters discussed below, if decided adversely to or settled by the Company, individually or in the aggregate, may result in liability material to the Company’s financial condition and/or results of operations. Legal 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 customer 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; and (3) other matters which may include issues such as employment. The Company’s estimates of the possible ranges of losses in excess of any amounts accrued are $0 to $20 million for patent infringement, $0 to $50 million for merchant customer matters, and $0 to $30 million for other matters, resulting in a total estimated range of possible losses of $0 to $100 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 even the high end of the estimated range. Other In the normal course of business, the Company is subject to claims and litigation, including indemnification obligations to purchasers of former subsidiaries. Management of the Company believes that such matters will not have a material adverse effect on the Company’s results of operations, liquidity or financial condition. Contingent Consideration Over the past three years, the Company completed acquisitions in which contingent consideration was recorded. The transactions called for cash consideration as well as contingent payments for achievement of certain milestones. As part of the purchase price, the Company recorded a $29 million liability for the contingent consideration, of which $1 million was paid during the nine months ended September 30, 2015 . During the three months ended September 30, 2015 , the Company evaluated the liability and decreased the fair value of the liability by $10 million , $18 million remained accrued as of September 30, 2015 . This fair value measurement represents a Level 3 measurement as it is based on significant inputs not observable in the market. Significant judgment is employed in determining the appropriateness of these assumptions as of the acquisition date. The primary assumption is the estimated number of client locations that will be using the software or technology in the next three years.

Stock Compensation Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Plans	Stock Compensation Plans The Company’s parent, FDH, has a stock incentive plan for employees of the Company and its affiliates (stock plan). This plan transferred to the Company as part of the merger with FDH on October 13, 2015. Stock compensation expense associated with this stock plan is recorded by the Company. Stock compensation expense for certain awards is only recognized upon liquidity or an employment termination event which triggers vesting. For the remaining awards that vest based solely on service conditions, expense is recognized over the requisite service period. As discussed in note 1 "Basis of Presentation and Summary of Significant Accounting Policies", on October 15, 2015 the Company filed its Prospectus with the Securities and Exchange Commission pursuant to Rule 424(b) and started trading on the New York Stock Exchange. Total stock-based compensation expense recognized in the unaudited consolidated statements of operations was as follows for the periods presented: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Total stock-based compensation expense (pretax) $ 8 $ 11 $ 31 $ 45 During the nine months ended September 30, 2015 and 2014 , $12 million and $35 million , respectively, of stock-based compensation expense was recognized as a result of the departure of certain executive officers. Beginning in 2014, substantially all of the Company's employees are granted restricted stock awards or units on an annual basis and during the nine months ended September 30, 2015 , 14 million restricted stock awards and units were granted at a weighted average price per share of $14.73 . The restrictions on a majority of these awards will lapse after three years or upon certain employment termination events. For the remainder of these awards, the restrictions will lapse after the 180 -day lock-up period following the Company's initial public offering or upon certain employment termination events. On September 28, 2015, the Company authorized the grant of restricted stock awards, restricted stock units, and options to certain executives in connection with the consummation of its initial public offering. These awards are valued at approximately $ 120 million based on the initial public offering price of $16.00 per share, resulting in incremental unrecognized compensation expense. Two thirds of these grants will be subject to time-based vesting conditions over the next five years and one third will be subject to a performance-based vesting condition. As of September 30, 2015 , there was $157 million and $356 million of total unrecognized compensation expense related to non-vested stock options and restricted stock, respectively, of which $195 million will be recognized in connection with the Company's initial public offering over the 180 -day lock-up period and $95 million was recognized upon the initial public offering. For additional information on the Company’s Stock Compensation Plans refer to note 11 “Stock Compensation Plans” in the Company’s audited consolidated financial statements for the year ended December 31, 2014 included in the Company's Prospectus filed with the Securities and Exchange Commission on October 15, 2015 pursuant to Rule 424(b).

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company enters into the following types of derivatives: Interest rate contracts: • Interest rate swaps: The Company uses interest rate swaps to mitigate its exposure to interest rate fluctuations on interest payments related to variable rate debt. The Company uses these contracts in non-qualifying hedging relationships. • Fixed to floating interest rate swaps: The Company uses fixed to floating interest rate swaps to maintain a desired ratio of fixed rate and floating rate debt. The Company uses these contracts in non-qualifying hedging relationships. Foreign exchange contracts: The Company uses cross-currency swaps to protect the net investment in certain foreign subsidiaries and/or affiliates with respect to changes in foreign currency exchange rates. The Company uses these contracts in both qualifying and non-qualifying hedging relationships. The Company held the following derivative instruments as of the dates indicated: As of September 30, 2015 As of December 31, 2014 (in millions) Notional Currency Notional Value Assets (a) (b) Liabilities (a) (c) Notional Value Assets (a) (b) Liabilities (a) (c) Derivatives designated as hedges of net investments in foreign operations: Foreign exchange contracts AUD 260 $ 71 $ — 260 $ 41 $ — Foreign exchange contracts EUR 200 45 — 200 27 — Foreign exchange contracts GBP 250 29 — 250 18 — Foreign exchange contracts CAD 110 22 — 110 9 — 167 — 95 — Derivatives not designated as hedging instruments: Interest rate contracts USD 5,000 — (84 ) 5,750 47 (105 ) Foreign exchange contracts EUR — — — 22 1 — — (84 ) 48 (105 ) $ 167 $ (84 ) $ 143 $ (105 ) (a) Of the balances included in the table above, in aggregate, $167 million of assets and $77 million of liabilities, net $90 million , as of September 30, 2015 and $142 million of assets and $96 million of liabilities, net $46 million , as of December 31, 2014 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) Derivative assets are included in “Other current assets” and “Other long-term assets” in the unaudited consolidated balance sheets. (c) Derivative liabilities are included in “Other current liabilities” and “Other long-term liabilities” in the unaudited consolidated balance sheets. The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions excluding those forecasted transactions related to the payment of variable interest on existing financial instruments is through January 2018. 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 are 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 near future. Effect of Derivative Instruments on the Unaudited Consolidated Financial Statements Derivative gains and (losses) were as follows for the periods indicated: Three months ended September 30, 2015 2014 (in millions, pretax) Interest Foreign Interest Foreign Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income (loss) (effective portion) $ — $ 36 $ — $ 62 Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations (9 ) — 4 2 Nine months ended September 30, 2015 2014 (in millions, pretax) Interest Rate Contracts Foreign Exchange Contracts Interest Rate Contracts Foreign Exchange Contracts Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income (loss) (effective portion) $ — $ 68 $ — $ 37 Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations (27 ) 2 — 2 Accumulated Derivative Gains and Losses The following table summarizes activity in other comprehensive income for the periods indicated related to derivative instruments classified as cash flow hedges and a net investment hedge held by the Company: (in millions, after tax) Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Accumulated gain (loss) included in other comprehensive income (loss) at beginning of the period $ 57 $ (29 ) $ 37 $ (12 ) Less: Reclassifications into earnings from other comprehensive income (loss), net of tax — — — — Increase (decrease) in fair value of derivatives that qualify for hedge accounting (a) 22 39 42 22 Accumulated gain included in other comprehensive income (loss) at end of the period $ 79 $ 10 $ 79 $ 10 (a) Gains and (losses) are included in “Unrealized gains on hedging activities” and in “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income (loss).

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Income tax expense (benefit) $ 32 $ (23 ) $ 45 $ 54 Effective income tax rate (74 )% 11 % (75 )% (20 )% The effective tax rates for the three and nine months ended September 30, 2015 and 2014 were different from the statutory rate as a result of the Company's inability to recognize tax benefits attributable to its domestic losses while at the same time recording tax expense on its foreign earnings. The Company's tax expense was also impacted by the Company not recording tax expense on noncontrolling interests from pass through entities. The effective tax rates for the three and nine months ended September 30, 2014 were positively impacted by a valuation allowance release in certain foreign jurisdictions due to improved financial performance. The Company's liability for unrecognized tax benefits was approximately $237 million as of September 30, 2015 . The Company anticipates it is reasonably possible that the liability for unrecognized tax benefits may decrease by up to $124 million over the next twelve months beginning September 30, 2015 as a result of the 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.

Investment in Affiliates

Investment in Affiliates	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Investment in Affiliates	Investment in Affiliates Segment results include the Company’s proportionate share of income from affiliates, which consist of unconsolidated investments accounted for under the equity method of accounting. The most significant of these affiliates are related to the Company’s merchant bank alliance programs. As of September 30, 2015 , the Company has an unconsolidated significant subsidiary that is not required to be consolidated, but represents more than 20% of the Company’s pretax loss. This affiliate became significant during the second quarter of 2014 and its summarized financial information is presented below for the periods indicated: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Net operating revenues $ 228 $ 207 $ 668 $ 604 Operating expenses 97 86 281 255 Operating income $ 131 $ 121 $ 387 $ 349 Net income $ 131 $ 121 $ 387 $ 350 FDC equity earnings 42 39 123 111

Supplemental Guarantor Condense

Supplemental Guarantor Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2015
Supplemental Guarantor Condensed Consolidating Financial Statements
Supplemental Guarantor Condensed Consolidating Financial Statements	Supplemental Guarantor Condensed Consolidating Financial Statements As described in note 6 "Borrowings" in the Company's audited consolidated financial statements for the year ended December 31, 2014 , included in the Company's Prospectus filed with the Securities and Exchange Commission on October 15, 2015 pursuant to Rule 424(b), the Company’s 12.625% senior notes, 11.25% senior notes, 10.625% senior notes, and 11.75% senior subordinated notes are guaranteed by most of the existing and future, direct and indirect, wholly owned, domestic subsidiaries of the Company (Guarantors). The Guarantors guarantee the senior secured revolving credit facility, senior secured term loan facility, the 5.375% senior secured notes, and the 6.75% senior secured notes, which rank senior in right of payment to all existing and future unsecured and second lien indebtedness of the Company’s guarantor subsidiaries to the extent of the value of the collateral. The Guarantors guarantee the 8.25% and 8.75% senior second lien notes which rank senior in right of payment to all existing and future unsecured indebtedness of the Company’s guarantor subsidiaries to the extent of the value of the collateral. The 12.625% senior note, 10.625% senior note, and 11.25% senior note guarantees are unsecured and rank equally in right of payment with all existing and future senior indebtedness of the guarantor subsidiaries but senior in right of payment to all existing and future subordinated indebtedness of the Company’s guarantor subsidiaries. The 11.75% senior subordinated note guarantees are unsecured and ranks equally in right of payment with all existing and future senior subordinated indebtedness of the guarantor subsidiaries. All of the above guarantees are full, unconditional, and joint and several and each of the Guarantors is 100% owned, directly or indirectly, by the Company. None of the other subsidiaries of the Company, either direct or indirect, guarantee the notes (Non-Guarantors). The Guarantors are subject to release under certain circumstances as described below. The credit agreement governing the guarantees of the senior secured revolving credit facility and senior secured term loan facility provide for a Guarantor to be automatically and unconditionally released and discharged from its guarantee obligations in certain circumstances, including under the following circumstances: • the Guarantor ceases to be a “restricted subsidiary” for purpose of the agreement because the Company no longer directly or indirectly owns 50% of the equity or, if a corporation, stock having voting power to elect a majority of the board of directors of the Guarantor; or • the Guarantor is designated as an “unrestricted subsidiary” for purposes of the agreement covenants; or • the Guarantor is no longer wholly owned by the Company subject to the value of all Guarantors released under this provision does not exceed (x) 10% of the Company’s Covenant EBITDA plus (y) the amount of investments permitted under the agreement in respect of non-guarantors. The indentures governing all of the other guarantees described above provide for a Guarantor to be automatically and unconditionally released and discharged from its guarantee obligations in certain circumstances, including upon the earliest to occur of: • the sale, exchange or transfer of the subsidiary’s capital stock or all or substantially all of its assets; • designation of the Guarantor as an “unrestricted subsidiary” for purposes of the indenture covenants; • release or discharge of the Guarantor’s guarantee of certain other indebtedness; or • legal defeasance or covenant defeasance of the indenture obligations when provision has been made for them to be fully satisfied. The following tables present the results of operations, comprehensive income, financial position and cash flows of the Company (FDC Parent Company), the Guarantor subsidiaries, the Non-Guarantor subsidiaries and consolidation adjustments for the period presented to arrive at the information for the Company on a consolidated basis. CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended September 30, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 1,002 $ 753 $ (82 ) $ 1,673 Product sales and other — 197 131 (19 ) 309 Reimbursable PIN debit fees, postage, and other — 646 292 — 938 Total revenues — 1,845 1,176 (101 ) 2,920 Expenses: Cost of services (exclusive of items shown below) — 413 355 (82 ) 686 Cost of products sold — 68 47 (19 ) 96 Selling, general, and administrative 22 299 200 — 521 Reimbursable PIN debit fees, postage, and other — 646 292 — 938 Depreciation and amortization 1 158 98 — 257 Other operating expenses: Restructuring, net 1 10 9 — 20 Total expenses 24 1,594 1,001 (101 ) 2,518 Operating (loss) profit (24 ) 251 175 — 402 Interest income — — 1 — 1 Interest expense (386 ) (2 ) (1 ) — (389 ) Loss on debt extinguishment (108 ) — — — (108 ) Interest income (expense) from intercompany notes 65 (68 ) 3 — — Other income (expense) (18 ) — 8 — (10 ) Equity earnings from consolidated subsidiaries 570 111 — (681 ) — 123 41 11 (681 ) (506 ) Income (loss) before income taxes and equity earnings in affiliates 99 292 186 (681 ) (104 ) Income tax (benefit) expense 225 (197 ) 4 — 32 Equity earnings in affiliates — 55 6 — 61 Net income (loss) (126 ) 544 188 (681 ) (75 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 15 36 51 Net (loss) income attributable to First Data Corporation $ (126 ) $ 544 $ 173 $ (717 ) $ (126 ) Comprehensive income (loss) $ (214 ) $ 494 $ 83 $ (525 ) $ (162 ) Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest — — 15 36 51 Comprehensive income (loss) attributable to First Data Corporation $ (214 ) $ 494 $ 68 $ (561 ) $ (213 ) Nine months ended September 30, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 2,896 $ 2,242 $ (232 ) $ 4,906 Product sales and other — 538 354 (48 ) 844 Reimbursable PIN debit fees, postage, and other — 1,874 863 — 2,737 Total revenues — 5,308 3,459 (280 ) 8,487 Expenses: Cost of services (exclusive of items shown below) — 1,190 1,097 (232 ) 2,055 Cost of products sold — 181 124 (48 ) 257 Selling, general, and administrative 81 876 610 — 1,567 Reimbursable PIN debit fees, postage, and other — 1,874 863 — 2,737 Depreciation and amortization 10 459 291 — 760 Other operating expenses: Restructuring, net 7 14 19 — 40 Total expenses 98 4,594 3,004 (280 ) 7,416 Operating (loss) profit (98 ) 714 455 — 1,071 Interest income — — 3 — 3 Interest expense (1,191 ) (8 ) (3 ) — (1,202 ) Loss on debt extinguishment (108 ) — — — (108 ) Interest income (expense) from intercompany notes 223 (224 ) 1 — — Other income (expense) 21 3 (23 ) — 1 Equity earnings from consolidated subsidiaries 877 234 — (1,111 ) — (178 ) 5 (22 ) (1,111 ) (1,306 ) (Loss) income before income taxes and equity earnings in affiliates (276 ) 719 433 (1,111 ) (235 ) Income tax (benefit) expense (12 ) 3 54 — 45 Equity earnings in affiliates — 158 17 — 175 Net (loss) income (264 ) 874 396 (1,111 ) (105 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 49 110 159 Net (loss) income attributable to First Data Corporation $ (264 ) $ 874 $ 347 $ (1,221 ) $ (264 ) Comprehensive (loss) income $ (473 ) $ 796 $ 121 $ (765 ) $ (321 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 41 110 151 Comprehensive (loss) income attributable to First Data Corporation $ (473 ) $ 796 $ 80 $ (875 ) $ (472 ) Three months ended September 30, 2014 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 942 $ 769 $ (59 ) $ 1,652 Product sales and other — 159 108 (15 ) 252 Reimbursable PIN debit fees, postage, and other — 614 274 — 888 Total revenues — 1,715 1,151 (74 ) 2,792 Expenses: Cost of services (exclusive of items shown below) — 356 374 (59 ) 671 Cost of products sold — 54 41 (15 ) 80 Selling, general, and administrative 39 288 201 — 528 Reimbursable PIN debit fees, postage, and other — 614 274 — 888 Depreciation and amortization 3 153 112 — 268 Other operating expenses: Restructuring, net 2 1 1 — 4 Total expenses 44 1,466 1,003 (74 ) 2,439 Operating (loss) profit (44 ) 249 148 — 353 Interest income — — 2 — 2 Interest expense (403 ) (3 ) (1 ) — (407 ) Loss on debt extinguishment (271 ) — — — (271 ) Interest income (expense) from intercompany notes 80 (74 ) (6 ) — — Other (expense) income 57 12 (12 ) — 57 Equity earnings from consolidated subsidiaries 172 59 — (231 ) — (365 ) (6 ) (17 ) (231 ) (619 ) (Loss) income before income taxes and equity earnings in affiliates (409 ) 243 131 (231 ) (266 ) Income tax (benefit) expense (174 ) 103 48 — (23 ) Equity earnings in affiliates — 51 4 — 55 Net (loss) income (235 ) 191 87 (231 ) (188 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 17 30 47 Net (loss) income attributable to First Data Corporation $ (235 ) $ 191 $ 70 $ (261 ) $ (235 ) Comprehensive (loss) income $ (378 ) $ 171 $ (125 ) $ (6 ) $ (338 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 10 30 40 Comprehensive (loss) income attributable to First Data Corporation $ (378 ) $ 171 $ (135 ) $ (36 ) $ (378 ) Nine months ended September 30, 2014 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 2,760 $ 2,283 $ (179 ) $ 4,864 Product sales and other — 445 312 (45 ) 712 Reimbursable PIN debit fees, postage, and other — 1,893 800 — 2,693 Total revenues — 5,098 3,395 (224 ) 8,269 Expenses: Cost of services (exclusive of items shown below) — 1,046 1,104 (179 ) 1,971 Cost of products sold — 160 125 (45 ) 240 Selling, general, and administrative 115 842 581 — 1,538 Reimbursable PIN debit fees, postage, and other — 1,893 800 — 2,693 Depreciation and amortization 8 458 330 — 796 Other operating expenses: Restructuring, net 7 4 — — 11 Total expenses 130 4,403 2,940 (224 ) 7,249 Operating (loss) profit (130 ) 695 455 — 1,020 Interest income — — 9 — 9 Interest expense (1,323 ) (7 ) (4 ) — (1,334 ) Loss on debt extinguishment (274 ) — — — (274 ) Interest income (expense) from intercompany notes 238 (213 ) (25 ) — — Other (expense) income 56 100 (16 ) — 140 Equity earnings from consolidated subsidiaries 573 190 — (763 ) — (730 ) 70 (36 ) (763 ) (1,459 ) (Loss) income before income taxes and equity earnings in affiliates (860 ) 765 419 (763 ) (439 ) Income tax (benefit) expense (390 ) 342 102 — 54 Equity earnings in affiliates — 150 13 — 163 Net (loss) income (470 ) 573 330 (763 ) (330 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 48 92 140 Net (loss) income attributable to First Data Corporation $ (470 ) $ 573 $ 282 $ (855 ) $ (470 ) Comprehensive (loss) income $ (628 ) $ 476 $ 222 $ (565 ) $ (495 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 41 92 133 Comprehensive (loss) income attributable to First Data Corporation $ (628 ) $ 476 $ 181 $ (657 ) $ (628 ) CONSOLIDATED BALANCE SHEETS As of September 30, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ 19 $ 22 $ 327 $ — $ 368 Accounts receivable, net of allowance for doubtful accounts 13 769 959 — 1,741 Settlement assets (a) — 3,444 3,670 — 7,114 Intercompany notes receivable 427 107 — (534 ) — Other current assets 139 181 119 — 439 Total current assets 598 4,523 5,075 (534 ) 9,662 Property and equipment, net of accumulated depreciation 37 619 276 — 932 Goodwill — 9,139 7,753 — 16,892 Customer relationships, net of accumulated amortization — 1,301 958 — 2,259 Other intangibles, net of accumulated amortization 604 697 477 — 1,778 Investment in affiliates 5 913 140 — 1,058 Long-term intercompany receivables 9,167 15,956 6,065 (31,188 ) — Long-term intercompany notes receivable 3,406 211 9 (3,626 ) — Long-term deferred tax assets 658 — — (658 ) — Other long-term assets 290 353 293 (77 ) 859 Investment in consolidated subsidiaries 25,102 5,609 — (30,711 ) — Total assets $ 39,867 $ 39,321 $ 21,046 $ (66,794 ) $ 33,440 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 4 $ 154 $ 85 $ — $ 243 Short-term and current portion of long-term borrowings 260 66 35 — 361 Settlement obligations (a) — 3,444 3,671 — 7,115 Intercompany notes payable 107 400 27 (534 ) — Other current liabilities 433 601 483 — 1,517 Total current liabilities 804 4,665 4,301 (534 ) 9,236 Long-term borrowings 20,715 100 1 — 20,816 Long-term deferred tax liabilities — 1,043 159 (658 ) 544 Long-term intercompany payables 18,722 8,153 4,313 (31,188 ) — Long-term intercompany notes payable 220 3,342 64 (3,626 ) — Other long-term liabilities 439 299 119 (77 ) 780 Total liabilities 40,900 17,602 8,957 (36,083 ) 31,376 Redeemable equity interest — — 78 (78 ) — Redeemable noncontrolling interest — — — 78 78 First Data Corporation shareholder's (deficit) equity (1,033 ) 21,719 5,957 (27,676 ) (1,033 ) Noncontrolling interests — — 92 2,927 3,019 Equity of consolidated alliance — — 5,962 (5,962 ) — Total equity (1,033 ) 21,719 12,011 (30,711 ) 1,986 Total liabilities and equity $ 39,867 $ 39,321 $ 21,046 $ (66,794 ) $ 33,440 (a) The majority of the Guarantor settlement assets relate to the Company’s merchant acquiring business. The Company believes the settlement assets are not available to satisfy any claims other than those related to the settlement liabilities. As of December 31, 2014 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 23 $ 335 $ — $ 358 Accounts receivable, net of allowance for doubtful accounts 8 729 1,015 — 1,752 Settlement assets (a) — 3,849 3,706 — 7,555 Intercompany notes receivable 3,375 307 — (3,682 ) — Other current assets 44 119 126 — 289 Total current assets 3,427 5,027 5,182 (3,682 ) 9,954 Property and equipment, net of accumulated depreciation 33 619 278 — 930 Goodwill — 9,085 7,932 — 17,017 Customer relationships, net of accumulated amortization — 1,469 1,135 — 2,604 Other intangibles, net of accumulated amortization 603 623 519 — 1,745 Investment in affiliates — 948 153 — 1,101 Long-term intercompany receivables 6,064 14,442 5,135 (25,641 ) — Long-term intercompany notes receivable 320 1 9 (330 ) — Long-term deferred tax assets 671 — — (671 ) — Other long-term assets 328 317 301 (97 ) 849 Investment in consolidated subsidiaries 24,474 5,331 — (29,805 ) — Total assets $ 35,920 $ 37,862 $ 20,644 $ (60,226 ) $ 34,200 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 9 $ 171 $ 100 $ — $ 280 Short-term and current portion of long-term borrowings 20 64 77 — 161 Settlement obligations (a) — 3,849 3,708 — 7,557 Intercompany notes payable 309 3,346 27 (3,682 ) — Other current liabilities 583 528 422 — 1,533 Total current liabilities 921 7,958 4,334 (3,682 ) 9,531 Long-term borrowings 20,627 131 2 — 20,760 Long-term deferred tax liabilities — 1,024 168 (671 ) 521 Long-term intercompany payables 14,397 7,804 3,440 (25,641 ) — Long-term intercompany notes payable 9 260 61 (330 ) — Other long-term liabilities 536 225 124 (97 ) 788 Total liabilities 36,490 17,402 8,129 (30,421 ) 31,600 Redeemable equity interest — — 70 (70 ) — Redeemable noncontrolling interest — — — 70 70 First Data Corporation shareholder's (deficit) equity (570 ) 20,460 6,241 (26,701 ) (570 ) Noncontrolling interests — — 101 2,999 3,100 Equity of consolidated alliance — — 6,103 (6,103 ) — Total equity (570 ) 20,460 12,445 (29,805 ) 2,530 Total liabilities and equity $ 35,920 $ 37,862 $ 20,644 $ (60,226 ) $ 34,200 (a) The majority of the Guarantor settlement assets relate to the Company’s merchant acquiring business. The Company believes the settlement assets are not available to satisfy any claims other than those related to the settlement liabilities. CONSOLIDATED STATEMENTS OF CASH FLOWS Nine months ended September 30, 2015 (in millions) FDC Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidation Adjustments Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (264 ) $ 874 $ 396 $ (1,111 ) $ (105 ) Adjustments to reconcile to net cash (used in) provided by operating activities: Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues) 10 519 314 — 843 Charges related to other operating expenses and other income (expense) 94 11 42 — 147 Other non-cash and non-operating items, net (816 ) (300 ) (8 ) 1,111 (13 ) (Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities (390 ) 149 56 — (185 ) Net cash (used in) provided by operating activities (1,366 ) 1,253 800 — 687 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from dispositions, net of expenses paid — 4 — — 4 Additions to property and equipment (8 ) (93 ) (112 ) — (213 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (201 ) (43 ) — (244 ) Acquisitions, net of cash acquired (70 ) (19 ) — — (89 ) Proceeds from sale of property and equipment — 3 — — 3 Purchase of investments (17 ) — — — (17 ) Other investing activity 2 — — — 2 Distributions and dividends from subsidiaries 125 192 — (317 ) — Net cash provided by (used in) investing activities 32 (114 ) (155 ) (317 ) (554 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net 250 — (31 ) — 219 Proceeds from issuance of long-term debt 2,206 — — — 2,206 Payment of debt issuance cost (104 ) — — — (104 ) Principal payments on long-term debt (2,115 ) (61 ) (9 ) — (2,185 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (49 ) (183 ) (232 ) Distributions paid to equity holders — — (375 ) 375 — Capital transactions, net (13 ) — (125 ) 125 (13 ) Intercompany 1,129 (1,080 ) (49 ) — — Net cash provided by (used in) financing activities 1,353 (1,141 ) (638 ) 317 (109 ) Effect of exchange rate changes on cash and cash equivalents — 1 (15 ) — (14 ) Change in cash and cash equivalents 19 (1 ) (8 ) — 10 Cash and cash equivalents at beginning of period — 23 335 — 358 Cash and cash equivalents at end of period $ 19 $ 22 $ 327 $ — $ 368 Nine months ended September 30, 2014 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (470 ) $ 573 $ 330 $ (763 ) $ (330 ) Adjustments to reconcile to net cash (used in) provided by operating activities: Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues) 8 516 354 — 878 Charges (gains) related to other operating expenses and other income (expense) 225 (96 ) 16 — 145 Other non-cash and non-operating items, net (493 ) (260 ) (18 ) 763 (8 ) (Decrease) increase in cash resulting from changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions (753 ) 554 113 — (86 ) Net cash (used in) provided by operating activities (1,483 ) 1,287 795 — 599 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from dispositions, net of expenses paid — 270 — — 270 Additions to property and equipment (4 ) (86 ) (124 ) — (214 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (141 ) (55 ) — (196 ) Acquisitions, net of cash acquired — (30 ) — — (30 ) Proceeds from sale of property and equipment — 2 1 — 3 Other investing activities — — 2 — 2 Distributions and dividends from subsidiaries 75 176 — (251 ) — Net cash provided by (used in) investing activities 71 191 (176 ) (251 ) (165 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net — — (35 ) — (35 ) Proceeds from issuance of long-term debt 1,830 — — — 1,830 Payment of debt issuance cost (355 ) — — — (355 ) Principal payments on long-term debt (3,669 ) (50 ) (6 ) — (3,725 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (33 ) (168 ) (201 ) Distributions paid to equity holders — — (344 ) 344 — Purchase of noncontrolling interest — — (1 ) — (1 ) Capital transactions, net 2,035 — (75 ) 75 2,035 Intercompany 1,566 (1,434 ) (132 ) — — Net cash provided by (used in) financing activities 1,407 (1,484 ) (626 ) 251 (452 ) Effect of exchange rate changes on cash and cash equivalents — 2 (23 ) — (21 ) Change in cash and cash equivalents (5 ) (4 ) (30 ) — (39 ) Cash and cash equivalents at beginning of period 36 33 356 — 425 Cash and cash equivalents at end of period $ 31 $ 29 $ 326 $ — $ 386

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 29, 2015, the Company issued $3.4 billion of 7.0% senior secured first lien notes due 2023. Proceeds from the offering will be used to redeem the remaining 12.625% senior unsecured notes due 2021, the 10.625% senior unsecured notes due 2021, and the 11.75% senior subordinated notes due 2021. On November 5, 2015, the Company issued $ 1.0 billion of 5.0% senior secured first lien notes due 2024 and $2.2 billion of 5.75% senior secured second lien notes due 2024. Proceeds from the offerings will be used to redeem the remaining 8.75% senior secured second lien notes due 2022, and the remaining 8.25% second lien notes due 2021.

Basis of Presentation and Sum24

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements of the Company should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2014 included in the Company's Prospectus filed with the Securities and Exchange Commission on October 15, 2015 pursuant to Rule 424(b). Significant accounting policies disclosed therein have not changed. 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 as of September 30, 2015 and the consolidated results of its operations and comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 and the consolidated cash flows and changes in equity for the nine months ended September 30, 2015 and 2014 . Results of operations reported for interim periods are not necessarily indicative of results for the entire year due in part to the seasonality of certain business units.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Revenue Recognition	The majority of the Company’s revenues are comprised of: 1) transaction-based fees, which typically constitute a percentage of dollar volume processed; 2) fees per transaction processed; 3) fees per account on file during the period; or 4) some combination thereof. In multiple-element transactions, revenue is allocated to the separate units of accounting provided each element has stand-alone value to the customer. Stand-alone value is based on the relative selling price of any undelivered items for which delivery is probable and substantially within the Company’s control. In the case of contracts that the Company owns and manages, revenue is comprised of fees charged to the client, net of interchange fees and assessments charged by the credit card associations, and is recognized at the time the client accepts a point of sale transaction. The fees charged to the client are a percentage of the credit card and signature based debit card transaction’s dollar value, a fixed amount or a combination of the two. Personal identification number based debit (PIN-debit) network fees are recognized in “Reimbursable PIN debit fees, postage, and other” revenues and expenses in the unaudited consolidated statements of operations. STAR Network access fees charged to clients are assessed on a per transaction basis.
Deferred Revenue	The Company records deferred revenue when it receives payments or invoices in advance of the delivery of products or the performance of services. The deferred revenue is recognized into earnings when underlying performance obligations are achieved.
Net Loss Per Share	Basic net loss per share is calculated by dividing net loss attributable to First Data Corporation by the weighted-average shares outstanding during the period, without consideration for any potential dilutive shares. Dilutive loss per share is the same as basic loss per share for all periods presented because there are no dilutive or potentially dilutive securities.
New Accounting Guidance	In May 2014, the Financial Accounting Standards Board (FASB) issued guidance that requires companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in an exchange for those goods or services. It also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively, and improves guidance for multiple-element arrangements. The guidance applies to any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. As amended in August 2015, the guidance is effective for public companies for annual periods beginning after December 15, 2017 as well as interim periods within those annual periods using either the full retrospective approach or modified retrospective approach. The FASB also permitted early adoption of the standard, but not before December 15, 2016. The Company is currently evaluating the impacts of the new guidance on its consolidated financial statements. In April 2015, the FASB issued guidance that requires companies to present debt issuance costs related to a recognized debt liability on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. Debt issuance costs will continue to be amortized to interest expense using the effective interest method. The guidance is effective for public companies for annual periods beginning after December 15, 2015 as well as interim periods within those annual periods using the retrospective approach. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements.

Basis of Presentation and Sum25

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
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: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Amortization of initial payments for new contracts $ 14 $ 13 $ 38 $ 35 Amortization related to equity method investments 15 15 45 47
Schedule of amounts associated with processing services revenue	Interchange fees and assessments charged by credit card associations to the Company’s consolidated subsidiaries and network fees related to PIN-debit transactions charged by debit networks are as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Interchange fees and assessments $ 5,598 $ 5,218 $ 16,089 $ 15,091 Debit network fees 757 729 2,227 2,221

Supplemental Financial Inform26

Supplemental Financial Information (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]
Schedule of the components of other income (expense)	The following table details the components of “Other income (expense)” on the unaudited consolidated statements of operations: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Investment gains $ — $ 11 $ — $ 100 Derivative financial instruments gains and (losses) (9 ) 6 (25 ) 2 Divestitures, net gains — 1 3 2 Non-operating foreign currency gains and (losses) (1 ) 39 23 36 Other income (expense) $ (10 ) $ 57 $ 1 $ 140

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Summary of net pretax benefits (charges), incurred by segment	A summary of net pretax benefits (charges), incurred by segment, for each period is as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Global Business Solutions $ (9 ) $ (1 ) $ (14 ) $ (1 ) Global Financial Solutions (5 ) (1 ) (9 ) — Network & Security Solutions (1 ) — (1 ) (1 ) Corporate (5 ) (2 ) (16 ) (9 ) Restructuring, net $ (20 ) $ (4 ) $ (40 ) $ (11 )
Summary of utilization of restructuring accruals	The following table summarizes the Company’s utilization of restructuring accruals for the period presented: (in millions) Employee Severance Other Remaining accrual as of January 1, 2015 $ 12 $ 1 Restructuring, net 37 3 Cash payments and other (16 ) (3 ) Remaining accrual as of September 30, 2015 $ 33 $ 1

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of borrowings	(in millions) As of September 30, As of December 31, Short-term borrowings: Foreign lines of credit and other arrangements $ 33 $ 68 Senior secured revolving credit facility 260 10 Total short-term borrowings 293 78 Current portion of long-term borrowings: 4.95% Unsecured notes due 2015 — 10 Capital lease obligations 68 73 Total current portion of long-term borrowings 68 83 Total Short-term and current portion of long-term borrowings 361 161 Long-term borrowings: Senior secured term loan facility due March 2017, net of unamortized discount of $3 and $4 1,456 1,457 Senior secured term loan facility due March 2018, net of unamortized discount of $29 and $38 4,918 4,939 Senior secured term loan facility due September 2018, net of unamortized discount of $16 and $21 992 987 Senior secured term loan facility due March 2021, net of unamortized discount of $9 and $11 1,167 1,180 Senior secured term loan facility due July 2022, net of unamortized discount of $16 988 — 7.375% Senior secured first lien notes due 2019, net of unamortized discount of $0 and $19 — 1,576 8.875% Senior secured first lien notes due 2020, net of unamortized discount of $0 and $10 — 500 6.75% Senior secured first lien notes due 2020, net of unamortized discount of $12 and $14 1,385 1,383 5.375% Senior secured first lien notes due 2023, net of unamortized discount of $12 1,198 — 8.25% Senior secured second lien notes due 2021, net of unamortized discount of $10 and $11 1,990 1,989 8.75% Senior secured second lien notes due 2022, net of unamortized discount of $5 and $6 995 994 12.625% Senior unsecured notes due 2021, net of unamortized discount of $14 and $16 2,986 2,984 10.625% Senior unsecured notes due 2021, net of unamortized discount of $1 and $1 529 529 11.25% Senior unsecured notes due 2021, net of unamortized discount of $8 and $10 502 500 11.75% Senior unsecured subordinated notes due 2021, net of unamortized discount of $1 and $1 1,608 1,608 Capital lease obligations 102 134 Total long-term borrowings 20,816 20,760 Total borrowings $ 21,177 $ 20,921

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of operating segment results	The following tables present the Company’s operating segment results for the periods presented: Three months ended September 30, 2015 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 801 $ 341 $ 339 $ — $ 1,481 Product sales and other 223 50 35 — 308 Equity earnings in affiliates 8 — — — 8 Total segment revenues $ 1,032 $ 391 $ 374 $ — $ 1,797 Depreciation and amortization $ 124 $ 98 $ 22 $ 8 $ 252 Segment EBITDA (a) 431 145 162 (35 ) 703 Other operating expenses and other income (expense) excluding divestitures 34 (7 ) (1 ) (56 ) (30 ) (a) Earnings before net interest expense, income taxes, depreciation, and amortization (EBITDA). Refer to Item 2. Management's Discussion and Analysis - Segment Results where Segment EBITDA is defined. Three months ended September 30, 2014 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 818 $ 334 $ 321 $ — $ 1,473 Product sales and other 188 44 22 — 254 Equity earnings in affiliates 7 — — — 7 Total segment revenues $ 1,013 $ 378 $ 343 $ — $ 1,734 Depreciation and amortization $ 130 $ 107 $ 23 $ 1 $ 261 Segment EBITDA 415 133 151 (43 ) 656 Other operating expenses and other income (expense) excluding divestitures 50 (1 ) 8 (5 ) 52 Nine months ended September 30, 2015 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 2,413 $ 974 $ 965 $ — $ 4,352 Product sales and other 613 127 101 — 841 Equity earnings in affiliates 24 — — — 24 Total segment revenues $ 3,050 $ 1,101 $ 1,066 $ — $ 5,217 Depreciation and amortization $ 365 $ 293 $ 65 $ 20 $ 743 Segment EBITDA 1,245 388 448 (113 ) 1,968 Other operating expenses and other income (expense) excluding divestitures 55 (14 ) (1 ) (82 ) (42 ) Nine months ended September 30, 2014 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 2,440 $ 977 $ 946 $ — $ 4,363 Product sales and other 535 121 64 — 720 Equity earnings in affiliates 22 — — — 22 Total segment revenues $ 2,997 $ 1,098 $ 1,010 $ — $ 5,105 Depreciation and amortization $ 387 $ 306 $ 70 $ 17 $ 780 Segment EBITDA 1,252 379 448 (128 ) 1,951 Other operating expenses and other income (expense) excluding divestitures 11 — 96 20 127
Schedule of reconciliation of reportable segment amounts to the consolidated balances	A reconciliation of reportable segment amounts to the Company’s consolidated balances is as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Total segment revenues $ 1,797 $ 1,734 $ 5,217 $ 5,105 Adjustments to reconcile to total revenues: Adjustments for non-wholly-owned entities (a) 18 15 58 31 Independent sales organizations (ISO) commission expense 167 155 475 440 Reimbursable PIN debit fees, postage, and other 938 888 2,737 2,693 Total revenues $ 2,920 $ 2,792 $ 8,487 $ 8,269 Segment EBITDA: Global Business Solutions $ 431 $ 415 $ 1,245 $ 1,252 Global Financial Solutions 145 133 388 379 Network & Security Solutions 162 151 448 448 Total reported segments 738 699 2,081 2,079 Corporate (35 ) (43 ) (113 ) (128 ) Adjusted EBITDA 703 656 1,968 1,951 Adjustments to reconcile to Net loss attributable to First Data Corporation: Adjustments for non-wholly-owned entities (a) 6 7 19 17 Depreciation and amortization (257 ) (268 ) (760 ) (796 ) Interest expense (389 ) (407 ) (1,202 ) (1,334 ) Interest income 1 2 3 9 Loss on debt extinguishment (108 ) (271 ) (108 ) (274 ) Other items (b) (32 ) 44 (82 ) 96 Income tax expense (32 ) 23 (45 ) (54 ) Stock-based compensation (8 ) (11 ) (31 ) (45 ) Costs of alliance conversions — (4 ) (5 ) (17 ) KKR related items (6 ) (6 ) (17 ) (20 ) Debt issuance costs (4 ) — (4 ) (3 ) Net loss attributable to First Data Corporation $ (126 ) $ (235 ) $ (264 ) $ (470 ) (a) Net adjustment to reflect the Company’s proportionate share of alliance revenue and EBITDA and amortization related to equity method investments not included in segment EBITDA. (b) Includes adjustments to exclude the official check and money order businesses due to the Company's wind down of these businesses, restructuring, non-normal course litigation and regulatory settlements, and “Other income (expense)” as presented in the unaudited consolidated statements of operations, which includes divestitures, impairments, derivative gains and (losses), and non-operating foreign currency gains and (losses).
Schedule of reconciliation of reportable segment depreciation and amortization amounts to the consolidated balances	A reconciliation of reportable segment depreciation and amortization amounts to the Company’s consolidated balances in the unaudited consolidated statements of cash flows and unaudited consolidated statements of operations is as follows: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Segment depreciation and amortization $ 252 $ 261 $ 743 $ 780 Adjustments for non-wholly owned entities 20 22 62 63 Amortization of initial payments for new contracts (a) 14 13 38 35 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 286 296 843 878 Amortization of equity method investments (b) (15 ) (15 ) (45 ) (47 ) Amortization of initial payments for new contracts (a) (14 ) (13 ) (38 ) (35 ) Total consolidated depreciation and amortization per unaudited consolidated statements of operations $ 257 $ 268 $ 760 $ 796 (a) Included in "Transaction and processing service fees" as contra-revenue in the Company's unaudited consolidated statements of operations. (b) Included in "Equity earnings in affiliates" in the Company's unaudited consolidated statements of operations.

Redeemable Noncontrolling Int30

Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Summary of the redeemable noncontrolling interest activity	The following table presents a summary of the redeemable noncontrolling interest activity during the periods presented: (in millions) 2015 2014 Balance as of January 1, $ 70 $ 69 Distributions (26 ) (26 ) Share of income 26 25 Adjustment to redemption value of redeemable noncontrolling interest 8 2 Balance as of September 30, $ 78 $ 70

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2015
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 unaudited consolidated statements of operations was as follows for the periods presented: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Total stock-based compensation expense (pretax) $ 8 $ 11 $ 31 $ 45

Derivative Financial Instrume32

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	The Company held the following derivative instruments as of the dates indicated: As of September 30, 2015 As of December 31, 2014 (in millions) Notional Currency Notional Value Assets (a) (b) Liabilities (a) (c) Notional Value Assets (a) (b) Liabilities (a) (c) Derivatives designated as hedges of net investments in foreign operations: Foreign exchange contracts AUD 260 $ 71 $ — 260 $ 41 $ — Foreign exchange contracts EUR 200 45 — 200 27 — Foreign exchange contracts GBP 250 29 — 250 18 — Foreign exchange contracts CAD 110 22 — 110 9 — 167 — 95 — Derivatives not designated as hedging instruments: Interest rate contracts USD 5,000 — (84 ) 5,750 47 (105 ) Foreign exchange contracts EUR — — — 22 1 — — (84 ) 48 (105 ) $ 167 $ (84 ) $ 143 $ (105 ) (a) Of the balances included in the table above, in aggregate, $167 million of assets and $77 million of liabilities, net $90 million , as of September 30, 2015 and $142 million of assets and $96 million of liabilities, net $46 million , as of December 31, 2014 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) Derivative assets are included in “Other current assets” and “Other long-term assets” in the unaudited consolidated balance sheets. (c) Derivative liabilities are included in “Other current liabilities” and “Other long-term liabilities” in the unaudited consolidated balance sheets.
Schedule of the effect of derivative instruments on the Consolidated Statements of Operations	Derivative gains and (losses) were as follows for the periods indicated: Three months ended September 30, 2015 2014 (in millions, pretax) Interest Foreign Interest Foreign Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income (loss) (effective portion) $ — $ 36 $ — $ 62 Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations (9 ) — 4 2 Nine months ended September 30, 2015 2014 (in millions, pretax) Interest Rate Contracts Foreign Exchange Contracts Interest Rate Contracts Foreign Exchange Contracts Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income (loss) (effective portion) $ — $ 68 $ — $ 37 Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations (27 ) 2 — 2
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 for the periods indicated related to derivative instruments classified as cash flow hedges and a net investment hedge held by the Company: (in millions, after tax) Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 Accumulated gain (loss) included in other comprehensive income (loss) at beginning of the period $ 57 $ (29 ) $ 37 $ (12 ) Less: Reclassifications into earnings from other comprehensive income (loss), net of tax — — — — Increase (decrease) in fair value of derivatives that qualify for hedge accounting (a) 22 39 42 22 Accumulated gain included in other comprehensive income (loss) at end of the period $ 79 $ 10 $ 79 $ 10 (a) Gains and (losses) are included in “Unrealized gains on hedging activities” and in “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income (loss).

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Income tax expense (benefit) $ 32 $ (23 ) $ 45 $ 54 Effective income tax rate (74 )% 11 % (75 )% (20 )%

Investment in Affiliates (Table

Investment in Affiliates (Tables)	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Summary of financial information related to the operating results	This affiliate became significant during the second quarter of 2014 and its summarized financial information is presented below for the periods indicated: Three months ended Nine months ended (in millions) 2015 2014 2015 2014 Net operating revenues $ 228 $ 207 $ 668 $ 604 Operating expenses 97 86 281 255 Operating income $ 131 $ 121 $ 387 $ 349 Net income $ 131 $ 121 $ 387 $ 350 FDC equity earnings 42 39 123 111

Supplemental Guarantor Conden35

Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Guarantor Condensed Consolidating Financial Statements
Schedule of results of operations	CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended September 30, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 1,002 $ 753 $ (82 ) $ 1,673 Product sales and other — 197 131 (19 ) 309 Reimbursable PIN debit fees, postage, and other — 646 292 — 938 Total revenues — 1,845 1,176 (101 ) 2,920 Expenses: Cost of services (exclusive of items shown below) — 413 355 (82 ) 686 Cost of products sold — 68 47 (19 ) 96 Selling, general, and administrative 22 299 200 — 521 Reimbursable PIN debit fees, postage, and other — 646 292 — 938 Depreciation and amortization 1 158 98 — 257 Other operating expenses: Restructuring, net 1 10 9 — 20 Total expenses 24 1,594 1,001 (101 ) 2,518 Operating (loss) profit (24 ) 251 175 — 402 Interest income — — 1 — 1 Interest expense (386 ) (2 ) (1 ) — (389 ) Loss on debt extinguishment (108 ) — — — (108 ) Interest income (expense) from intercompany notes 65 (68 ) 3 — — Other income (expense) (18 ) — 8 — (10 ) Equity earnings from consolidated subsidiaries 570 111 — (681 ) — 123 41 11 (681 ) (506 ) Income (loss) before income taxes and equity earnings in affiliates 99 292 186 (681 ) (104 ) Income tax (benefit) expense 225 (197 ) 4 — 32 Equity earnings in affiliates — 55 6 — 61 Net income (loss) (126 ) 544 188 (681 ) (75 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 15 36 51 Net (loss) income attributable to First Data Corporation $ (126 ) $ 544 $ 173 $ (717 ) $ (126 ) Comprehensive income (loss) $ (214 ) $ 494 $ 83 $ (525 ) $ (162 ) Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest — — 15 36 51 Comprehensive income (loss) attributable to First Data Corporation $ (214 ) $ 494 $ 68 $ (561 ) $ (213 ) Nine months ended September 30, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 2,896 $ 2,242 $ (232 ) $ 4,906 Product sales and other — 538 354 (48 ) 844 Reimbursable PIN debit fees, postage, and other — 1,874 863 — 2,737 Total revenues — 5,308 3,459 (280 ) 8,487 Expenses: Cost of services (exclusive of items shown below) — 1,190 1,097 (232 ) 2,055 Cost of products sold — 181 124 (48 ) 257 Selling, general, and administrative 81 876 610 — 1,567 Reimbursable PIN debit fees, postage, and other — 1,874 863 — 2,737 Depreciation and amortization 10 459 291 — 760 Other operating expenses: Restructuring, net 7 14 19 — 40 Total expenses 98 4,594 3,004 (280 ) 7,416 Operating (loss) profit (98 ) 714 455 — 1,071 Interest income — — 3 — 3 Interest expense (1,191 ) (8 ) (3 ) — (1,202 ) Loss on debt extinguishment (108 ) — — — (108 ) Interest income (expense) from intercompany notes 223 (224 ) 1 — — Other income (expense) 21 3 (23 ) — 1 Equity earnings from consolidated subsidiaries 877 234 — (1,111 ) — (178 ) 5 (22 ) (1,111 ) (1,306 ) (Loss) income before income taxes and equity earnings in affiliates (276 ) 719 433 (1,111 ) (235 ) Income tax (benefit) expense (12 ) 3 54 — 45 Equity earnings in affiliates — 158 17 — 175 Net (loss) income (264 ) 874 396 (1,111 ) (105 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 49 110 159 Net (loss) income attributable to First Data Corporation $ (264 ) $ 874 $ 347 $ (1,221 ) $ (264 ) Comprehensive (loss) income $ (473 ) $ 796 $ 121 $ (765 ) $ (321 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 41 110 151 Comprehensive (loss) income attributable to First Data Corporation $ (473 ) $ 796 $ 80 $ (875 ) $ (472 ) Three months ended September 30, 2014 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 942 $ 769 $ (59 ) $ 1,652 Product sales and other — 159 108 (15 ) 252 Reimbursable PIN debit fees, postage, and other — 614 274 — 888 Total revenues — 1,715 1,151 (74 ) 2,792 Expenses: Cost of services (exclusive of items shown below) — 356 374 (59 ) 671 Cost of products sold — 54 41 (15 ) 80 Selling, general, and administrative 39 288 201 — 528 Reimbursable PIN debit fees, postage, and other — 614 274 — 888 Depreciation and amortization 3 153 112 — 268 Other operating expenses: Restructuring, net 2 1 1 — 4 Total expenses 44 1,466 1,003 (74 ) 2,439 Operating (loss) profit (44 ) 249 148 — 353 Interest income — — 2 — 2 Interest expense (403 ) (3 ) (1 ) — (407 ) Loss on debt extinguishment (271 ) — — — (271 ) Interest income (expense) from intercompany notes 80 (74 ) (6 ) — — Other (expense) income 57 12 (12 ) — 57 Equity earnings from consolidated subsidiaries 172 59 — (231 ) — (365 ) (6 ) (17 ) (231 ) (619 ) (Loss) income before income taxes and equity earnings in affiliates (409 ) 243 131 (231 ) (266 ) Income tax (benefit) expense (174 ) 103 48 — (23 ) Equity earnings in affiliates — 51 4 — 55 Net (loss) income (235 ) 191 87 (231 ) (188 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 17 30 47 Net (loss) income attributable to First Data Corporation $ (235 ) $ 191 $ 70 $ (261 ) $ (235 ) Comprehensive (loss) income $ (378 ) $ 171 $ (125 ) $ (6 ) $ (338 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 10 30 40 Comprehensive (loss) income attributable to First Data Corporation $ (378 ) $ 171 $ (135 ) $ (36 ) $ (378 ) Nine months ended September 30, 2014 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 2,760 $ 2,283 $ (179 ) $ 4,864 Product sales and other — 445 312 (45 ) 712 Reimbursable PIN debit fees, postage, and other — 1,893 800 — 2,693 Total revenues — 5,098 3,395 (224 ) 8,269 Expenses: Cost of services (exclusive of items shown below) — 1,046 1,104 (179 ) 1,971 Cost of products sold — 160 125 (45 ) 240 Selling, general, and administrative 115 842 581 — 1,538 Reimbursable PIN debit fees, postage, and other — 1,893 800 — 2,693 Depreciation and amortization 8 458 330 — 796 Other operating expenses: Restructuring, net 7 4 — — 11 Total expenses 130 4,403 2,940 (224 ) 7,249 Operating (loss) profit (130 ) 695 455 — 1,020 Interest income — — 9 — 9 Interest expense (1,323 ) (7 ) (4 ) — (1,334 ) Loss on debt extinguishment (274 ) — — — (274 ) Interest income (expense) from intercompany notes 238 (213 ) (25 ) — — Other (expense) income 56 100 (16 ) — 140 Equity earnings from consolidated subsidiaries 573 190 — (763 ) — (730 ) 70 (36 ) (763 ) (1,459 ) (Loss) income before income taxes and equity earnings in affiliates (860 ) 765 419 (763 ) (439 ) Income tax (benefit) expense (390 ) 342 102 — 54 Equity earnings in affiliates — 150 13 — 163 Net (loss) income (470 ) 573 330 (763 ) (330 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 48 92 140 Net (loss) income attributable to First Data Corporation $ (470 ) $ 573 $ 282 $ (855 ) $ (470 ) Comprehensive (loss) income $ (628 ) $ 476 $ 222 $ (565 ) $ (495 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 41 92 133 Comprehensive (loss) income attributable to First Data Corporation $ (628 ) $ 476 $ 181 $ (657 ) $ (628 )
Schedule of financial position	CONSOLIDATED BALANCE SHEETS As of September 30, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ 19 $ 22 $ 327 $ — $ 368 Accounts receivable, net of allowance for doubtful accounts 13 769 959 — 1,741 Settlement assets (a) — 3,444 3,670 — 7,114 Intercompany notes receivable 427 107 — (534 ) — Other current assets 139 181 119 — 439 Total current assets 598 4,523 5,075 (534 ) 9,662 Property and equipment, net of accumulated depreciation 37 619 276 — 932 Goodwill — 9,139 7,753 — 16,892 Customer relationships, net of accumulated amortization — 1,301 958 — 2,259 Other intangibles, net of accumulated amortization 604 697 477 — 1,778 Investment in affiliates 5 913 140 — 1,058 Long-term intercompany receivables 9,167 15,956 6,065 (31,188 ) — Long-term intercompany notes receivable 3,406 211 9 (3,626 ) — Long-term deferred tax assets 658 — — (658 ) — Other long-term assets 290 353 293 (77 ) 859 Investment in consolidated subsidiaries 25,102 5,609 — (30,711 ) — Total assets $ 39,867 $ 39,321 $ 21,046 $ (66,794 ) $ 33,440 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 4 $ 154 $ 85 $ — $ 243 Short-term and current portion of long-term borrowings 260 66 35 — 361 Settlement obligations (a) — 3,444 3,671 — 7,115 Intercompany notes payable 107 400 27 (534 ) — Other current liabilities 433 601 483 — 1,517 Total current liabilities 804 4,665 4,301 (534 ) 9,236 Long-term borrowings 20,715 100 1 — 20,816 Long-term deferred tax liabilities — 1,043 159 (658 ) 544 Long-term intercompany payables 18,722 8,153 4,313 (31,188 ) — Long-term intercompany notes payable 220 3,342 64 (3,626 ) — Other long-term liabilities 439 299 119 (77 ) 780 Total liabilities 40,900 17,602 8,957 (36,083 ) 31,376 Redeemable equity interest — — 78 (78 ) — Redeemable noncontrolling interest — — — 78 78 First Data Corporation shareholder's (deficit) equity (1,033 ) 21,719 5,957 (27,676 ) (1,033 ) Noncontrolling interests — — 92 2,927 3,019 Equity of consolidated alliance — — 5,962 (5,962 ) — Total equity (1,033 ) 21,719 12,011 (30,711 ) 1,986 Total liabilities and equity $ 39,867 $ 39,321 $ 21,046 $ (66,794 ) $ 33,440 (a) The majority of the Guarantor settlement assets relate to the Company’s merchant acquiring business. The Company believes the settlement assets are not available to satisfy any claims other than those related to the settlement liabilities. As of December 31, 2014 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 23 $ 335 $ — $ 358 Accounts receivable, net of allowance for doubtful accounts 8 729 1,015 — 1,752 Settlement assets (a) — 3,849 3,706 — 7,555 Intercompany notes receivable 3,375 307 — (3,682 ) — Other current assets 44 119 126 — 289 Total current assets 3,427 5,027 5,182 (3,682 ) 9,954 Property and equipment, net of accumulated depreciation 33 619 278 — 930 Goodwill — 9,085 7,932 — 17,017 Customer relationships, net of accumulated amortization — 1,469 1,135 — 2,604 Other intangibles, net of accumulated amortization 603 623 519 — 1,745 Investment in affiliates — 948 153 — 1,101 Long-term intercompany receivables 6,064 14,442 5,135 (25,641 ) — Long-term intercompany notes receivable 320 1 9 (330 ) — Long-term deferred tax assets 671 — — (671 ) — Other long-term assets 328 317 301 (97 ) 849 Investment in consolidated subsidiaries 24,474 5,331 — (29,805 ) — Total assets $ 35,920 $ 37,862 $ 20,644 $ (60,226 ) $ 34,200 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 9 $ 171 $ 100 $ — $ 280 Short-term and current portion of long-term borrowings 20 64 77 — 161 Settlement obligations (a) — 3,849 3,708 — 7,557 Intercompany notes payable 309 3,346 27 (3,682 ) — Other current liabilities 583 528 422 — 1,533 Total current liabilities 921 7,958 4,334 (3,682 ) 9,531 Long-term borrowings 20,627 131 2 — 20,760 Long-term deferred tax liabilities — 1,024 168 (671 ) 521 Long-term intercompany payables 14,397 7,804 3,440 (25,641 ) — Long-term intercompany notes payable 9 260 61 (330 ) — Other long-term liabilities 536 225 124 (97 ) 788 Total liabilities 36,490 17,402 8,129 (30,421 ) 31,600 Redeemable equity interest — — 70 (70 ) — Redeemable noncontrolling interest — — — 70 70 First Data Corporation shareholder's (deficit) equity (570 ) 20,460 6,241 (26,701 ) (570 ) Noncontrolling interests — — 101 2,999 3,100 Equity of consolidated alliance — — 6,103 (6,103 ) — Total equity (570 ) 20,460 12,445 (29,805 ) 2,530 Total liabilities and equity $ 35,920 $ 37,862 $ 20,644 $ (60,226 ) $ 34,200 (a) The majority of the Guarantor settlement assets relate to the Company’s merchant acquiring business. The Company believes the settlement assets are not available to satisfy any claims other than those related to the settlement liabilities.
Schedule of cash flows	CONSOLIDATED STATEMENTS OF CASH FLOWS Nine months ended September 30, 2015 (in millions) FDC Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidation Adjustments Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (264 ) $ 874 $ 396 $ (1,111 ) $ (105 ) Adjustments to reconcile to net cash (used in) provided by operating activities: Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues) 10 519 314 — 843 Charges related to other operating expenses and other income (expense) 94 11 42 — 147 Other non-cash and non-operating items, net (816 ) (300 ) (8 ) 1,111 (13 ) (Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities (390 ) 149 56 — (185 ) Net cash (used in) provided by operating activities (1,366 ) 1,253 800 — 687 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from dispositions, net of expenses paid — 4 — — 4 Additions to property and equipment (8 ) (93 ) (112 ) — (213 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (201 ) (43 ) — (244 ) Acquisitions, net of cash acquired (70 ) (19 ) — — (89 ) Proceeds from sale of property and equipment — 3 — — 3 Purchase of investments (17 ) — — — (17 ) Other investing activity 2 — — — 2 Distributions and dividends from subsidiaries 125 192 — (317 ) — Net cash provided by (used in) investing activities 32 (114 ) (155 ) (317 ) (554 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net 250 — (31 ) — 219 Proceeds from issuance of long-term debt 2,206 — — — 2,206 Payment of debt issuance cost (104 ) — — — (104 ) Principal payments on long-term debt (2,115 ) (61 ) (9 ) — (2,185 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (49 ) (183 ) (232 ) Distributions paid to equity holders — — (375 ) 375 — Capital transactions, net (13 ) — (125 ) 125 (13 ) Intercompany 1,129 (1,080 ) (49 ) — — Net cash provided by (used in) financing activities 1,353 (1,141 ) (638 ) 317 (109 ) Effect of exchange rate changes on cash and cash equivalents — 1 (15 ) — (14 ) Change in cash and cash equivalents 19 (1 ) (8 ) — 10 Cash and cash equivalents at beginning of period — 23 335 — 358 Cash and cash equivalents at end of period $ 19 $ 22 $ 327 $ — $ 368 Nine months ended September 30, 2014 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (470 ) $ 573 $ 330 $ (763 ) $ (330 ) Adjustments to reconcile to net cash (used in) provided by operating activities: Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues) 8 516 354 — 878 Charges (gains) related to other operating expenses and other income (expense) 225 (96 ) 16 — 145 Other non-cash and non-operating items, net (493 ) (260 ) (18 ) 763 (8 ) (Decrease) increase in cash resulting from changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions (753 ) 554 113 — (86 ) Net cash (used in) provided by operating activities (1,483 ) 1,287 795 — 599 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from dispositions, net of expenses paid — 270 — — 270 Additions to property and equipment (4 ) (86 ) (124 ) — (214 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (141 ) (55 ) — (196 ) Acquisitions, net of cash acquired — (30 ) — — (30 ) Proceeds from sale of property and equipment — 2 1 — 3 Other investing activities — — 2 — 2 Distributions and dividends from subsidiaries 75 176 — (251 ) — Net cash provided by (used in) investing activities 71 191 (176 ) (251 ) (165 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net — — (35 ) — (35 ) Proceeds from issuance of long-term debt 1,830 — — — 1,830 Payment of debt issuance cost (355 ) — — — (355 ) Principal payments on long-term debt (3,669 ) (50 ) (6 ) — (3,725 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (33 ) (168 ) (201 ) Distributions paid to equity holders — — (344 ) 344 — Purchase of noncontrolling interest — — (1 ) — (1 ) Capital transactions, net 2,035 — (75 ) 75 2,035 Intercompany 1,566 (1,434 ) (132 ) — — Net cash provided by (used in) financing activities 1,407 (1,484 ) (626 ) 251 (452 ) Effect of exchange rate changes on cash and cash equivalents — 2 (23 ) — (21 ) Change in cash and cash equivalents (5 ) (4 ) (30 ) — (39 ) Cash and cash equivalents at beginning of period 36 33 356 — 425 Cash and cash equivalents at end of period $ 31 $ 29 $ 326 $ — $ 386

Basis of Presentation and Sum36

Basis of Presentation and Summary of Significant Accounting Policies - Business Description (Details)	Oct. 15, 2015USD ($)shares	Oct. 13, 2015votes	Sep. 30, 2015
Class A Common Stock | Subsequent event
Subsequent Event [Line Items]
Common stock, issued shares (in shares) | shares	176,076,869
Net proceeds from issuance of common stock	$ 2,600,000,000
Class B common stock | Subsequent event
Subsequent Event [Line Items]
Reverse stock split conversion ratio		0.3164
Class B common stock votes per share entitled | votes		10
11.25% Senior unsecured notes due 2021
Subsequent Event [Line Items]
Interest rate (as a percent)			11.25%
11.25% Senior unsecured notes due 2021 | Subsequent event
Subsequent Event [Line Items]
Principal amount	$ 510,000,000
Interest rate (as a percent)	11.25%
12.625% Senior unsecured notes due 2021
Subsequent Event [Line Items]
Interest rate (as a percent)			12.625%
12.625% Senior unsecured notes due 2021 | Subsequent event
Subsequent Event [Line Items]
Principal amount	$ 1,800,000,000
Interest rate (as a percent)	12.625%

Basis of Presentation and Sum37

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Amounts Associated with Amortization of Initial Payments for New Contracts and Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Amortization of initial payments for new contracts	$ 14	$ 13	$ 38	$ 35
Amortization related to equity method investments	$ 15	$ 15	$ 45	$ 47

Basis of Presentation and Sum38

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Amounts Associated with Processing Services Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interchange fees and assessments	$ 5,598	$ 5,218	$ 16,089	$ 15,091
Debit network fees	757	$ 729	2,227	$ 2,221
Current deferred revenue	108		108		$ 84
Noncurrent deferred revenue	$ 137		$ 137		$ 118

Supplemental Financial Inform39

Supplemental Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Supplemental Statement of Operations Information
Investment gains	$ 0	$ 11	$ 0	$ 100
Derivative financial instruments gains and (losses)	(9)	6	(25)	2
Divestitures, net gains	0	1	3	2
Non-operating foreign currency gains and (losses)	(1)	39	23	36
Other income (expense)	$ (10)	$ 57	$ 1	$ 140

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) $ in Millions	May. 04, 2015USD ($)
Strategic Expense Management Initiative
Restructuring Cost and Reserve [Line Items]
Anticipated restructuring costs	$ 75

Restructuring - Summary of Net

Restructuring - Summary of Net Pretax Benefits (Charges), Incurred by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ (20)	$ (4)	$ (40)	$ (11)
Operating segments | Global Business Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	(9)	(1)	(14)	(1)
Operating segments | Global Financial Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	(5)	(1)	(9)	0
Operating segments | Network & Security Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	(1)	0	(1)	(1)
Corporate
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ (5)	$ (2)	$ (16)	$ (9)

Restructuring - Summary of Util

Restructuring - Summary of Utilization of Restructuring Accruals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Utilization of restructuring accruals [Roll Forward]
Restructuring, net	$ 20	$ 4	$ 40	$ 11
Employee Severance
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period			12
Restructuring, net			37
Cash payments and other			(16)
Remaining accrual at the end of the period	33		33
Other
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period			1
Restructuring, net			3
Cash payments and other			(3)
Remaining accrual at the end of the period	$ 1		$ 1

Acquisitions (Details)

Acquisitions (Details) - Network & Security Solutions - Transaction Wireless, Inc. $ in Millions	Jun. 09, 2015USD ($)
Business Acquisition [Line Items]
Cash payments in acquisition	$ 62
Contingent equity considerations	$ 3

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total short-term borrowings	$ 293	$ 78
Total current portion of long-term borrowings	68	83
Total Short-term and current portion of long-term borrowings	361	161
Total long-term borrowings	20,816	20,760
Total borrowings	21,177	20,921
Foreign lines of credit and other arrangements
Debt Instrument [Line Items]
Total short-term borrowings	33	68
Senior secured revolving credit facility
Debt Instrument [Line Items]
Total short-term borrowings	260	10
4.95% Unsecured notes due 2015
Debt Instrument [Line Items]
Total current portion of long-term borrowings	$ 0	10
Interest rate (as a percent)	4.95%
Capital lease obligations
Debt Instrument [Line Items]
Total current portion of long-term borrowings	$ 68	73
Total long-term borrowings	102	134
Senior secured term loan facility due March 2017, net of unamortized discount of $3 and $4
Debt Instrument [Line Items]
Total long-term borrowings	1,456	1,457
Unamortized discount	3	4
Senior secured term loan facility due March 2018, net of unamortized discount of $29 and $38
Debt Instrument [Line Items]
Total long-term borrowings	4,918	4,939
Unamortized discount	29	38
Senior secured term loan facility due September 2018, net of unamortized discount of $16 and $21
Debt Instrument [Line Items]
Total long-term borrowings	992	987
Unamortized discount	16	21
Senior secured term loan facility due March 2021, net of unamortized discount of $9 and $11
Debt Instrument [Line Items]
Total long-term borrowings	1,167	1,180
Unamortized discount	9	11
Senior secured term loan facility due July 2022, net of unamortized discount of $16
Debt Instrument [Line Items]
Total long-term borrowings	988	0
Unamortized discount	16
7.375% Senior secured first lien notes due 2019, net of unamortized discount of $0 and $19
Debt Instrument [Line Items]
Total long-term borrowings	$ 0	1,576
Interest rate (as a percent)	7.375%
Unamortized discount	$ 0	19
8.875% Senior secured first lien notes due 2020, net of unamortized discount of $0 and $10
Debt Instrument [Line Items]
Total long-term borrowings	$ 0	500
Interest rate (as a percent)	8.875%
Unamortized discount	$ 0	10
6.75% Senior secured first lien notes due 2020, net of unamortized discount of $12 and $14
Debt Instrument [Line Items]
Total long-term borrowings	$ 1,385	1,383
Interest rate (as a percent)	6.75%
Unamortized discount	$ 12	14
5.375% Senior secured first lien notes due 2023, net of unamortized discount of $12
Debt Instrument [Line Items]
Total long-term borrowings	$ 1,198	0
Interest rate (as a percent)	5.375%
Unamortized discount	$ 12
8.25% Senior secured second lien notes due 2021, net of unamortized discount of $10 and $11
Debt Instrument [Line Items]
Total long-term borrowings	$ 1,990	1,989
Interest rate (as a percent)	8.25%
Unamortized discount	$ 10	11
8.75% Senior secured second lien notes due 2022, net of unamortized discount of $5 and $6
Debt Instrument [Line Items]
Total long-term borrowings	$ 995	994
Interest rate (as a percent)	8.75%
Unamortized discount	$ 5	6
12.625% Senior unsecured notes due 2021, net of unamortized discount of $14 and $16
Debt Instrument [Line Items]
Total long-term borrowings	$ 2,986	2,984
Interest rate (as a percent)	12.625%
Unamortized discount	$ 14	16
10.625% Senior unsecured notes due 2021, net of unamortized discount of $1 and $1
Debt Instrument [Line Items]
Total long-term borrowings	$ 529	529
Interest rate (as a percent)	10.625%
Unamortized discount	$ 1	1
11.25% Senior unsecured notes due 2021, net of unamortized discount of $8 and $10
Debt Instrument [Line Items]
Total long-term borrowings	$ 502	500
Interest rate (as a percent)	11.25%
Unamortized discount	$ 8	10
11.75% Senior unsecured subordinated notes due 2021, net of unamortized discount of $1 and $1
Debt Instrument [Line Items]
Total long-term borrowings	$ 1,608	1,608
Interest rate (as a percent)	11.75%
Unamortized discount	$ 1	$ 1

Borrowings - Narrative (Details

Borrowings - Narrative (Details)	Aug. 11, 2015USD ($)	Jul. 10, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Jul. 10, 2015EUR (€)	Jul. 10, 2015USD ($)	Jun. 02, 2015USD ($)	Jun. 01, 2015USD ($)	Dec. 31, 2014USD ($)
Short-Term Borrowings
Senior secured revolving credit facility			$ 293,000,000		$ 293,000,000						$ 78,000,000
Long-term borrowings			20,816,000,000		20,816,000,000						20,760,000,000
Loss on debt extinguishment			(108,000,000)	$ (271,000,000)	(108,000,000)	$ (274,000,000)
Long-term debt fair value			21,700,000,000		21,700,000,000
Short-term foreign lines of credit and other arrangements
Short-Term Borrowings
Amount outstanding and uncommitted			20,000,000		20,000,000						67,000,000
Foreign lines of credit and other arrangements
Short-Term Borrowings
Amount available			289,000,000		289,000,000						349,000,000
Senior secured revolving credit facility			33,000,000		33,000,000						68,000,000
Foreign lines of credit and other arrangements | US denominated term loan
Short-Term Borrowings
Amount available			150,000,000		150,000,000
Senior secured revolving credit facility
Short-Term Borrowings
Amount available									$ 1,250,000,000	$ 1,000,000,000
Senior secured revolving credit facility			260,000,000		260,000,000						10,000,000
Line of credit facility, remaining borrowing capacity			944,000,000		944,000,000
Letter of credit
Short-Term Borrowings
Amount available			250,000,000		250,000,000
Letters of credit outstanding, amount			$ 46,000,000		$ 46,000,000						$ 43,000,000
Secured debt
Short-Term Borrowings
Loss on debt extinguishment		$ (45,000,000)
Secured debt | USD Denominated New Term Loan
Short-Term Borrowings
Long-term borrowings								$ 725,000,000
Secured debt | Euro Denominated New Term Loan
Short-Term Borrowings
Long-term borrowings							€ 250,000,000	$ 276,000,000
Secured debt | 7.375% senior secured notes due 2019
Short-Term Borrowings
Redeemed senior secured credit facility		$ 955,000,000
Interest rate (as a percent)			7.375%		7.375%
Secured debt | 8.875% senior secured notes due 2020
Short-Term Borrowings
Interest rate (as a percent)			8.875%		8.875%
Secured debt | 5.375% senior secured notes due 2023
Short-Term Borrowings
Interest rate (as a percent)	5.375%
Loss on debt extinguishment	$ (63,000,000)
Principal amount	$ 1,200,000,000

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Sep. 30, 2015segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information - Schedule

Segment Information - Schedule of Operating Segment Results (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Transaction and processing service fees	[1]	$ 1,673	$ 1,652	$ 4,906	$ 4,864
Product sales and other	[1]	309	252	844	712
Depreciation and amortization		252	261	743	780
Segment EBITDA		703	656	1,968	1,951
Other operating expenses and other income (expense) excluding divestitures		(30)	52	(42)	127
Operating segments
Revenues:
Transaction and processing service fees		1,481	1,473	4,352	4,363
Product sales and other		308	254	841	720
Equity earnings in affiliates		8	7	24	22
Total segment revenues		1,797	1,734	5,217	5,105
Segment EBITDA		738	699	2,081	2,079
Operating segments | Global Business Solutions
Revenues:
Transaction and processing service fees		801	818	2,413	2,440
Product sales and other		223	188	613	535
Equity earnings in affiliates		8	7	24	22
Total segment revenues		1,032	1,013	3,050	2,997
Depreciation and amortization		124	130	365	387
Segment EBITDA		431	415	1,245	1,252
Other operating expenses and other income (expense) excluding divestitures		34	50	55	11
Operating segments | Global Financial Solutions
Revenues:
Transaction and processing service fees		341	334	974	977
Product sales and other		50	44	127	121
Equity earnings in affiliates		0	0	0	0
Total segment revenues		391	378	1,101	1,098
Depreciation and amortization		98	107	293	306
Segment EBITDA		145	133	388	379
Other operating expenses and other income (expense) excluding divestitures		(7)	(1)	(14)	0
Operating segments | Network & Security Solutions
Revenues:
Transaction and processing service fees		339	321	965	946
Product sales and other		35	22	101	64
Equity earnings in affiliates		0	0	0	0
Total segment revenues		374	343	1,066	1,010
Depreciation and amortization		22	23	65	70
Segment EBITDA		162	151	448	448
Other operating expenses and other income (expense) excluding divestitures		(1)	8	(1)	96
Corporate
Revenues:
Transaction and processing service fees		0	0	0	0
Product sales and other		0	0	0	0
Equity earnings in affiliates		0	0	0	0
Total segment revenues		0	0	0	0
Depreciation and amortization		8	1	20	17
Segment EBITDA		(35)	(43)	(113)	(128)
Other operating expenses and other income (expense) excluding divestitures		$ (56)	$ (5)	$ (82)	$ 20
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $55 million and $153 million for the three and nine months ended September 30, 2015, respectively, and $45 million and $135 million for the comparable periods in 2014.

Segment Information - Schedul48

Segment Information - Schedule of Reconciliation of Reportable Segment Amounts to the Consolidated Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Reimbursable PIN debit fees, postage, and other	$ 938	$ 888	$ 2,737	$ 2,693
Total revenues	2,920	2,792	8,487	8,269
Segment EBITDA	703	656	1,968	1,951
Depreciation and amortization	(257)	(268)	(760)	(796)
Interest expense	(389)	(407)	(1,202)	(1,334)
Interest income	1	2	3	9
Loss on debt extinguishment	(108)	(271)	(108)	(274)
Income tax expense	(32)	23	(45)	(54)
Stock-based compensation	(8)	(11)	(31)	(45)
Net loss attributable to First Data Corporation	(126)	(235)	(264)	(470)
Operating segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total segment revenues	1,797	1,734	5,217	5,105
Segment EBITDA	738	699	2,081	2,079
Operating segments | Global Business Solutions
Segment Reporting, Revenue Reconciling Item [Line Items]
Total segment revenues	1,032	1,013	3,050	2,997
Segment EBITDA	431	415	1,245	1,252
Operating segments | Global Financial Solutions
Segment Reporting, Revenue Reconciling Item [Line Items]
Total segment revenues	391	378	1,101	1,098
Segment EBITDA	145	133	388	379
Operating segments | Network & Security Solutions
Segment Reporting, Revenue Reconciling Item [Line Items]
Total segment revenues	374	343	1,066	1,010
Segment EBITDA	162	151	448	448
Corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Total segment revenues	0	0	0	0
Segment EBITDA	(35)	(43)	(113)	(128)
Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjustments for non-wholly-owned entities	18	15	58	31
Independent sales organizations (ISO) commission expense	167	155	475	440
Reimbursable PIN debit fees, postage, and other	938	888	2,737	2,693
Adjustments for non-wholly-owned entities	6	7	19	17
Depreciation and amortization	(257)	(268)	(760)	(796)
Interest expense	(389)	(407)	(1,202)	(1,334)
Interest income	1	2	3	9
Other items	(32)	44	(82)	96
Income tax expense	(32)	23	(45)	(54)
Stock-based compensation	(8)	(11)	(31)	(45)
Costs of alliance conversions	0	(4)	(5)	(17)
KKR related items	(6)	(6)	(17)	(20)
Debt issuance costs	$ (4)	$ 0	$ (4)	$ (3)

Segment Information - Schedul49

Segment Information - Schedule of Reconciliation of Reportable Segment Depreciation and Amortization Amounts to the Consolidated Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Segment depreciation and amortization	$ 252	$ 261	$ 743	$ 780
Amortization of initial payments for new contracts	14	13	38	35
Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows	286	296	843	878
Amortization of equity method investments	(15)	(15)	(45)	(47)
Amortization of initial payments for new contracts	(14)	(13)	(38)	(35)
Total consolidated depreciation and amortization per unaudited consolidated statements of operations	257	268	760	796
Segment Reconciling Items
Segment Reporting Information [Line Items]
Adjustments for non-wholly owned entities	20	22	62	63
Amortization of initial payments for new contracts	14	13	38	35
Amortization of equity method investments	(15)	(15)	(45)	(47)
Amortization of initial payments for new contracts	(14)	(13)	(38)	(35)
Total consolidated depreciation and amortization per unaudited consolidated statements of operations	$ 257	$ 268	$ 760	$ 796

Redeemable Noncontrolling Int50

Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Redeemable noncontrolling interest activity [Roll Forward]
Balance at the beginning of the period	$ 70	$ 69
Distributions	(26)	(26)
Share of income	26	25
Adjustment to redemption value of redeemable noncontrolling interest	8	2
Balance at the end of the period	$ 78	$ 70

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Commitments and contingencies
Minimum possible ranges of losses in excess of any amounts accrued	$ 0	$ 0
Maximum possible ranges of losses in excess of any amounts accrued	100,000,000	100,000,000
Contingent consideration, liability	18,000,000	18,000,000	$ 29,000,000
Contingent consideration arrangements, payments		1,000,000
Decrease in fair value of liability	10,000,000
Patent infringement
Commitments and contingencies
Minimum possible ranges of losses in excess of any amounts accrued	0	0
Maximum possible ranges of losses in excess of any amounts accrued	20,000,000	20,000,000
Merchant customer matters
Commitments and contingencies
Minimum possible ranges of losses in excess of any amounts accrued	0	0
Maximum possible ranges of losses in excess of any amounts accrued	50,000,000	50,000,000
Other matters
Commitments and contingencies
Minimum possible ranges of losses in excess of any amounts accrued	0	0
Maximum possible ranges of losses in excess of any amounts accrued	$ 30,000,000	$ 30,000,000

Stock Compensation Plans (Detai

Stock Compensation Plans (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Apr. 12, 2016	Oct. 15, 2015	Sep. 28, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock compensation plans [Line items]
Total stock-based compensation expense (pretax)				$ 8	$ 11	$ 31	$ 45
Unrecognized compensation expense			$ 120
Vesting period			5 years
Subsequent event
Stock compensation plans [Line items]
Total stock-based compensation expense (pretax)		$ 95
Forecast
Stock compensation plans [Line items]
Total stock-based compensation expense (pretax)	$ 195
Time-based vesting
Stock compensation plans [Line items]
Vesting rights (as a percent)			66.67%
Performance-based vesting
Stock compensation plans [Line items]
Vesting rights (as a percent)			33.33%
Class A Common Stock
Stock compensation plans [Line items]
Initial Public Offering price (in dollars per share)			$ 16
Stock options
Stock compensation plans [Line items]
Unrecognized compensation expense				157		157
Restricted stock awards and restricted stock units
Stock compensation plans [Line items]
Unrecognized compensation expense				$ 356		$ 356
Restricted stock awards and restricted stock units | Minimum
Stock compensation plans [Line items]
Period after which restrictions on a majority of the awards will lapse						3 years
IPO lock-up period						180 days
First Data Holdings | Restricted stock awards and restricted stock units
Stock compensation plans [Line items]
Number of shares granted						14
Weighted average price per share (in dollars per share)						$ 14.73
Executive Officer
Stock compensation plans [Line items]
Total stock-based compensation expense (pretax)						$ 12	$ 35

Derivative Financial Instrume53

Derivative Financial Instruments - Schedule of Notional Amounts of Outstanding Derivative Positions (Details) € in Millions, £ in Millions, CAD in Millions, AUD in Millions, $ in Millions	Sep. 30, 2015EUR (€)	Sep. 30, 2015USD ($)	Sep. 30, 2015AUD	Sep. 30, 2015GBP (£)	Sep. 30, 2015CAD	Dec. 31, 2014EUR (€)	Dec. 31, 2014USD ($)	Dec. 31, 2014AUD	Dec. 31, 2014GBP (£)	Dec. 31, 2014CAD
Derivatives, Fair Value [Line Items]
Derivative Assets		$ 167					$ 143
Derivative Liabilities		(84)					(105)
Derivative asset subject to master netting agreements		167					142
Derivative liability subject to master netting agreement		77					96
Net derivative asset		90					46
Derivatives designated as hedges of net investments in foreign operations:
Derivatives, Fair Value [Line Items]
Derivative Assets		167					95
Derivative Liabilities		0					0
Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Derivative Assets		0					48
Derivative Liabilities		(84)					(105)
AUD | Foreign exchange contracts | Derivatives designated as hedges of net investments in foreign operations:
Derivatives, Fair Value [Line Items]
Notional Value | AUD			AUD 260					AUD 260
Derivative Assets		71					41
Derivative Liabilities		0					0
EUR | Foreign exchange contracts | Derivatives designated as hedges of net investments in foreign operations:
Derivatives, Fair Value [Line Items]
Notional Value | €	€ 200					€ 200
Derivative Assets		45					27
Derivative Liabilities		0					0
EUR | Foreign exchange contracts | Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Value | €	€ 0					€ 22
Derivative Assets		0					1
Derivative Liabilities		0					0
GBP | Foreign exchange contracts | Derivatives designated as hedges of net investments in foreign operations:
Derivatives, Fair Value [Line Items]
Notional Value | £				£ 250					£ 250
Derivative Assets		29					18
Derivative Liabilities		0					0
CAD | Foreign exchange contracts | Derivatives designated as hedges of net investments in foreign operations:
Derivatives, Fair Value [Line Items]
Notional Value | CAD					CAD 110					CAD 110
Derivative Assets		22					9
Derivative Liabilities		0					0
USD | Interest rate contracts | Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Value		5,000					5,750
Derivative Assets		0					47
Derivative Liabilities		$ (84)					$ (105)

Derivative Financial Instrume54

Derivative Financial Instruments - Schedule of The Effect of Derivative Instruments on the Consolidated Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivatives designated as hedging instruments | Derivatives in net investment hedging relationships | Interest Rate Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in other comprehensive income (loss) (effective portion)	$ 0	$ 0	$ 0	$ 0
Derivatives designated as hedging instruments | Derivatives in net investment hedging relationships | Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in other comprehensive income (loss) (effective portion)	36	62	68	37
Derivatives not designated as hedging instruments | Interest Rate Contracts | Other income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations	(9)	4	(27)	0
Derivatives not designated as hedging instruments | Foreign Exchange Contracts | Other income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations	$ 0	$ 2	$ 2	$ 2

Derivative Financial Instrume55

Derivative Financial Instruments - Summary of Activity in Other Comprehensive Income Related to Derivative Instruments Classified as Cash Flow Hedges and as a Net Investment Hedge (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income Derivatives Qualifying as Hedges, Net of Tax [Roll Forward]
Accumulated gain (loss) included in other comprehensive income (loss) at beginning of the period			$ (929)
Increase (decrease) in fair value of derivatives that qualify for hedge accounting	$ (85)	$ (152)	(221)	$ (168)
Accumulated gain included in other comprehensive income (loss) at end of the period	(1,137)		(1,137)
Accumulated net gain (loss) from cash flow hedges
Accumulated Other Comprehensive Income Derivatives Qualifying as Hedges, Net of Tax [Roll Forward]
Accumulated gain (loss) included in other comprehensive income (loss) at beginning of the period	57	(29)	37	(12)
Less: Reclassifications into earnings from other comprehensive income (loss), net of tax	0	0	0	0
Increase (decrease) in fair value of derivatives that qualify for hedge accounting	22	39	42	22
Accumulated gain included in other comprehensive income (loss) at end of the period	$ 79	$ 10	$ 79	$ 10

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 32	$ (23)	$ 45	$ 54
Effective income tax rate (as a percent)	(74.00%)	11.00%	(75.00%)	(20.00%)
Uncertain income tax liabilities	$ 237		$ 237
Maximum
Income Tax Contingency [Line Items]
Decrease in liability for unrecognized tax benefits reasonably possible	$ 124		$ 124

Investment in Affiliates (Detai

Investment in Affiliates (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Financial information related to operating results
FDC equity earnings	$ 61	$ 55	$ 175	$ 163
Unconsolidated significant subsidiary
Investment in Affiliates
Pre-tax loss (as a percent)	20.00%		20.00%
Financial information related to operating results
Net operating revenues	$ 228	207	$ 668	604
Operating expenses	97	86	281	255
Operating income	131	121	387	349
Net income	131	121	387	350
FDC equity earnings	$ 42	$ 39	$ 123	$ 111

Supplemental Guarantor Conden58

Supplemental Guarantor Condensed Consolidating Financial Statements - Narrative (Details)	9 Months Ended
	Sep. 30, 2015
Guarantor Subsidiaries
Debt Instrument [Line Items]
Ownership percentage in Guarantors	100.00%
Percentage of Company's Covenant EBITDA	10.00%
12.625% Senior unsecured notes due 2021
Debt Instrument [Line Items]
Interest rate (as a percent)	12.625%
11.25% Senior unsecured notes due 2021
Debt Instrument [Line Items]
Interest rate (as a percent)	11.25%
10.625% Senior unsecured notes due 2021
Debt Instrument [Line Items]
Interest rate (as a percent)	10.625%
11.75% Senior unsecured subordinated notes due 2021
Debt Instrument [Line Items]
Interest rate (as a percent)	11.75%
5.375% senior secured notes due 2023
Debt Instrument [Line Items]
Interest rate (as a percent)	5.375%
8.875% senior secured notes due 2020
Debt Instrument [Line Items]
Interest rate (as a percent)	8.875%
6.75% senior secured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	6.75%
8.25% Senior second lien notes due 2021
Debt Instrument [Line Items]
Interest rate (as a percent)	8.25%
8.75% Senior secured second lien notes due 2022
Debt Instrument [Line Items]
Interest rate (as a percent)	8.75%
Minimum | Guarantor Subsidiaries
Debt Instrument [Line Items]
Ownership percentage in Guarantors	50.00%

Supplemental Guarantor Conden59

Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule of Operations (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Transaction and processing service fees	[1]	$ 1,673	$ 1,652	$ 4,906	$ 4,864
Product sales and other	[1]	309	252	844	712
Reimbursable PIN debit fees, postage, and other		938	888	2,737	2,693
Total revenues		2,920	2,792	8,487	8,269
Expenses:
Cost of services (exclusive of items shown below)		686	671	2,055	1,971
Cost of products sold		96	80	257	240
Selling, general, and administrative		521	528	1,567	1,538
Reimbursable PIN debit fees, postage, and other		938	888	2,737	2,693
Depreciation and amortization		257	268	760	796
Other operating expenses:
Restructuring, net		20	4	40	11
Total expenses		2,518	2,439	7,416	7,249
Operating (loss) profit		402	353	1,071	1,020
Interest income		1	2	3	9
Interest expense		(389)	(407)	(1,202)	(1,334)
Loss on debt extinguishment		(108)	(271)	(108)	(274)
Interest income (expense) from intercompany notes		0	0	0	0
Other income (expense)		(10)	57	1	140
Equity earnings from consolidated subsidiaries		0	0	0	0
Total nonoperating (income) expenses		(506)	(619)	(1,306)	(1,459)
(Loss) income before income taxes and equity earnings in affiliates		(104)	(266)	(235)	(439)
Income tax (benefit) expense		32	(23)	45	54
Equity earnings in affiliates		61	55	175	163
Net income (loss)		(75)	(188)	(105)	(330)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		51	47	159	140
Net (loss) income attributable to First Data Corporation		(126)	(235)	(264)	(470)
Comprehensive income (loss)		(162)	(338)	(321)	(495)
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		51	40	151	133
Comprehensive income (loss) attributable to First Data Corporation		(213)	(378)	(472)	(628)
Reportable legal entities | FDC Parent Company
Revenues:
Transaction and processing service fees		0	0	0	0
Product sales and other		0	0	0	0
Reimbursable PIN debit fees, postage, and other		0	0	0	0
Total revenues		0	0	0	0
Expenses:
Cost of services (exclusive of items shown below)		0	0	0	0
Cost of products sold		0	0	0	0
Selling, general, and administrative		22	39	81	115
Reimbursable PIN debit fees, postage, and other		0	0	0	0
Depreciation and amortization		1	3	10	8
Other operating expenses:
Restructuring, net		1	2	7	7
Total expenses		24	44	98	130
Operating (loss) profit		(24)	(44)	(98)	(130)
Interest income		0	0	0	0
Interest expense		(386)	(403)	(1,191)	(1,323)
Loss on debt extinguishment		(108)	(271)	(108)	(274)
Interest income (expense) from intercompany notes		65	80	223	238
Other income (expense)		(18)	57	21	56
Equity earnings from consolidated subsidiaries		570	172	877	573
Total nonoperating (income) expenses		123	(365)	(178)	(730)
(Loss) income before income taxes and equity earnings in affiliates		99	(409)	(276)	(860)
Income tax (benefit) expense		225	(174)	(12)	(390)
Equity earnings in affiliates		0	0	0	0
Net income (loss)		(126)	(235)	(264)	(470)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		0	0	0	0
Net (loss) income attributable to First Data Corporation		(126)	(235)	(264)	(470)
Comprehensive income (loss)		(214)	(378)	(473)	(628)
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		0	0	0	0
Comprehensive income (loss) attributable to First Data Corporation		(214)	(378)	(473)	(628)
Reportable legal entities | Guarantor Subsidiaries
Revenues:
Transaction and processing service fees		1,002	942	2,896	2,760
Product sales and other		197	159	538	445
Reimbursable PIN debit fees, postage, and other		646	614	1,874	1,893
Total revenues		1,845	1,715	5,308	5,098
Expenses:
Cost of services (exclusive of items shown below)		413	356	1,190	1,046
Cost of products sold		68	54	181	160
Selling, general, and administrative		299	288	876	842
Reimbursable PIN debit fees, postage, and other		646	614	1,874	1,893
Depreciation and amortization		158	153	459	458
Other operating expenses:
Restructuring, net		10	1	14	4
Total expenses		1,594	1,466	4,594	4,403
Operating (loss) profit		251	249	714	695
Interest income		0	0	0	0
Interest expense		(2)	(3)	(8)	(7)
Loss on debt extinguishment		0	0	0	0
Interest income (expense) from intercompany notes		(68)	(74)	(224)	(213)
Other income (expense)		0	12	3	100
Equity earnings from consolidated subsidiaries		111	59	234	190
Total nonoperating (income) expenses		41	(6)	5	70
(Loss) income before income taxes and equity earnings in affiliates		292	243	719	765
Income tax (benefit) expense		(197)	103	3	342
Equity earnings in affiliates		55	51	158	150
Net income (loss)		544	191	874	573
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		0	0	0	0
Net (loss) income attributable to First Data Corporation		544	191	874	573
Comprehensive income (loss)		494	171	796	476
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		0	0	0	0
Comprehensive income (loss) attributable to First Data Corporation		494	171	796	476
Reportable legal entities | Non-Guarantor Subsidiaries
Revenues:
Transaction and processing service fees		753	769	2,242	2,283
Product sales and other		131	108	354	312
Reimbursable PIN debit fees, postage, and other		292	274	863	800
Total revenues		1,176	1,151	3,459	3,395
Expenses:
Cost of services (exclusive of items shown below)		355	374	1,097	1,104
Cost of products sold		47	41	124	125
Selling, general, and administrative		200	201	610	581
Reimbursable PIN debit fees, postage, and other		292	274	863	800
Depreciation and amortization		98	112	291	330
Other operating expenses:
Restructuring, net		9	1	19	0
Total expenses		1,001	1,003	3,004	2,940
Operating (loss) profit		175	148	455	455
Interest income		1	2	3	9
Interest expense		(1)	(1)	(3)	(4)
Loss on debt extinguishment		0	0	0	0
Interest income (expense) from intercompany notes		3	(6)	1	(25)
Other income (expense)		8	(12)	(23)	(16)
Equity earnings from consolidated subsidiaries		0	0	0	0
Total nonoperating (income) expenses		11	(17)	(22)	(36)
(Loss) income before income taxes and equity earnings in affiliates		186	131	433	419
Income tax (benefit) expense		4	48	54	102
Equity earnings in affiliates		6	4	17	13
Net income (loss)		188	87	396	330
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		15	17	49	48
Net (loss) income attributable to First Data Corporation		173	70	347	282
Comprehensive income (loss)		83	(125)	121	222
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		15	10	41	41
Comprehensive income (loss) attributable to First Data Corporation		68	(135)	80	181
Consolidation Adjustments
Revenues:
Transaction and processing service fees		(82)	(59)	(232)	(179)
Product sales and other		(19)	(15)	(48)	(45)
Reimbursable PIN debit fees, postage, and other		0	0	0	0
Total revenues		(101)	(74)	(280)	(224)
Expenses:
Cost of services (exclusive of items shown below)		(82)	(59)	(232)	(179)
Cost of products sold		(19)	(15)	(48)	(45)
Selling, general, and administrative		0	0	0	0
Reimbursable PIN debit fees, postage, and other		0	0	0	0
Depreciation and amortization		0	0	0	0
Other operating expenses:
Restructuring, net		0	0	0	0
Total expenses		(101)	(74)	(280)	(224)
Operating (loss) profit		0	0	0	0
Interest income		0	0	0	0
Interest expense		0	0	0	0
Loss on debt extinguishment		0	0	0	0
Interest income (expense) from intercompany notes		0	0	0	0
Other income (expense)		0	0	0	0
Equity earnings from consolidated subsidiaries		(681)	(231)	(1,111)	(763)
Total nonoperating (income) expenses		(681)	(231)	(1,111)	(763)
(Loss) income before income taxes and equity earnings in affiliates		(681)	(231)	(1,111)	(763)
Income tax (benefit) expense		0	0	0	0
Equity earnings in affiliates		0	0	0	0
Net income (loss)		(681)	(231)	(1,111)	(763)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		36	30	110	92
Net (loss) income attributable to First Data Corporation		(717)	(261)	(1,221)	(855)
Comprehensive income (loss)		(525)	(6)	(765)	(565)
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		36	30	110	92
Comprehensive income (loss) attributable to First Data Corporation		$ (561)	$ (36)	$ (875)	$ (657)
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $55 million and $153 million for the three and nine months ended September 30, 2015, respectively, and $45 million and $135 million for the comparable periods in 2014.

Supplemental Guarantor Conden60

Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule of Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 368	$ 358	$ 386	$ 425
Accounts receivable, net of allowance for doubtful accounts	1,741	1,752
Settlement assets	7,114	7,555
Intercompany notes receivable	0	0
Other current assets	439	289
Total current assets	9,662	9,954
Property and equipment, net of accumulated depreciation	932	930
Goodwill	16,892	17,017
Customer relationships, net of accumulated amortization	2,259	2,604
Other intangibles, net of accumulated amortization	1,778	1,745
Investment in affiliates	1,058	1,101
Long-term intercompany receivables	0	0
Long-term intercompany notes receivable	0	0
Long-term deferred tax assets	0	0
Other long-term assets	859	849
Investment in consolidated subsidiaries	0	0
Total assets	33,440	34,200
Current liabilities:
Accounts payable	243	280
Short-term and current portion of long-term borrowings	361	161
Settlement obligations	7,115	7,557
Intercompany notes payable	0	0
Other current liabilities	1,517	1,533
Total current liabilities	9,236	9,531
Long-term borrowings	20,816	20,760
Long-term deferred tax liabilities	544	521
Long-term intercompany payables	0	0
Long-term intercompany notes payable	0	0
Other long-term liabilities	780	788
Total liabilities	31,376	31,600
Redeemable equity interest	0	0
Redeemable noncontrolling interest	78	70	70	69
First Data Corporation shareholder's (deficit) equity	(1,033)	(570)
Noncontrolling interests	3,019	3,100
Equity of consolidated alliance	0	0
Total equity	1,986	2,530	2,958	1,575
Total liabilities and equity	33,440	34,200
Reportable legal entities | FDC Parent Company
Current assets:
Cash and cash equivalents	19	0	31	36
Accounts receivable, net of allowance for doubtful accounts	13	8
Settlement assets	0	0
Intercompany notes receivable	427	3,375
Other current assets	139	44
Total current assets	598	3,427
Property and equipment, net of accumulated depreciation	37	33
Goodwill	0	0
Customer relationships, net of accumulated amortization	0	0
Other intangibles, net of accumulated amortization	604	603
Investment in affiliates	5	0
Long-term intercompany receivables	9,167	6,064
Long-term intercompany notes receivable	3,406	320
Long-term deferred tax assets	658	671
Other long-term assets	290	328
Investment in consolidated subsidiaries	25,102	24,474
Total assets	39,867	35,920
Current liabilities:
Accounts payable	4	9
Short-term and current portion of long-term borrowings	260	20
Settlement obligations	0	0
Intercompany notes payable	107	309
Other current liabilities	433	583
Total current liabilities	804	921
Long-term borrowings	20,715	20,627
Long-term deferred tax liabilities	0	0
Long-term intercompany payables	18,722	14,397
Long-term intercompany notes payable	220	9
Other long-term liabilities	439	536
Total liabilities	40,900	36,490
Redeemable equity interest	0	0
Redeemable noncontrolling interest	0	0
First Data Corporation shareholder's (deficit) equity	(1,033)	(570)
Noncontrolling interests	0	0
Equity of consolidated alliance	0	0
Total equity	(1,033)	(570)
Total liabilities and equity	39,867	35,920
Reportable legal entities | Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	22	23	29	33
Accounts receivable, net of allowance for doubtful accounts	769	729
Settlement assets	3,444	3,849
Intercompany notes receivable	107	307
Other current assets	181	119
Total current assets	4,523	5,027
Property and equipment, net of accumulated depreciation	619	619
Goodwill	9,139	9,085
Customer relationships, net of accumulated amortization	1,301	1,469
Other intangibles, net of accumulated amortization	697	623
Investment in affiliates	913	948
Long-term intercompany receivables	15,956	14,442
Long-term intercompany notes receivable	211	1
Long-term deferred tax assets	0	0
Other long-term assets	353	317
Investment in consolidated subsidiaries	5,609	5,331
Total assets	39,321	37,862
Current liabilities:
Accounts payable	154	171
Short-term and current portion of long-term borrowings	66	64
Settlement obligations	3,444	3,849
Intercompany notes payable	400	3,346
Other current liabilities	601	528
Total current liabilities	4,665	7,958
Long-term borrowings	100	131
Long-term deferred tax liabilities	1,043	1,024
Long-term intercompany payables	8,153	7,804
Long-term intercompany notes payable	3,342	260
Other long-term liabilities	299	225
Total liabilities	17,602	17,402
Redeemable equity interest	0	0
Redeemable noncontrolling interest	0	0
First Data Corporation shareholder's (deficit) equity	21,719	20,460
Noncontrolling interests	0	0
Equity of consolidated alliance	0	0
Total equity	21,719	20,460
Total liabilities and equity	39,321	37,862
Reportable legal entities | Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	327	335	326	356
Accounts receivable, net of allowance for doubtful accounts	959	1,015
Settlement assets	3,670	3,706
Intercompany notes receivable	0	0
Other current assets	119	126
Total current assets	5,075	5,182
Property and equipment, net of accumulated depreciation	276	278
Goodwill	7,753	7,932
Customer relationships, net of accumulated amortization	958	1,135
Other intangibles, net of accumulated amortization	477	519
Investment in affiliates	140	153
Long-term intercompany receivables	6,065	5,135
Long-term intercompany notes receivable	9	9
Long-term deferred tax assets	0	0
Other long-term assets	293	301
Investment in consolidated subsidiaries	0	0
Total assets	21,046	20,644
Current liabilities:
Accounts payable	85	100
Short-term and current portion of long-term borrowings	35	77
Settlement obligations	3,671	3,708
Intercompany notes payable	27	27
Other current liabilities	483	422
Total current liabilities	4,301	4,334
Long-term borrowings	1	2
Long-term deferred tax liabilities	159	168
Long-term intercompany payables	4,313	3,440
Long-term intercompany notes payable	64	61
Other long-term liabilities	119	124
Total liabilities	8,957	8,129
Redeemable equity interest	78	70
Redeemable noncontrolling interest	0	0
First Data Corporation shareholder's (deficit) equity	5,957	6,241
Noncontrolling interests	92	101
Equity of consolidated alliance	5,962	6,103
Total equity	12,011	12,445
Total liabilities and equity	21,046	20,644
Consolidation Adjustments
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net of allowance for doubtful accounts	0	0
Settlement assets	0	0
Intercompany notes receivable	(534)	(3,682)
Other current assets	0	0
Total current assets	(534)	(3,682)
Property and equipment, net of accumulated depreciation	0	0
Goodwill	0	0
Customer relationships, net of accumulated amortization	0	0
Other intangibles, net of accumulated amortization	0	0
Investment in affiliates	0	0
Long-term intercompany receivables	(31,188)	(25,641)
Long-term intercompany notes receivable	(3,626)	(330)
Long-term deferred tax assets	(658)	(671)
Other long-term assets	(77)	(97)
Investment in consolidated subsidiaries	(30,711)	(29,805)
Total assets	(66,794)	(60,226)
Current liabilities:
Accounts payable	0	0
Short-term and current portion of long-term borrowings	0	0
Settlement obligations	0	0
Intercompany notes payable	(534)	(3,682)
Other current liabilities	0	0
Total current liabilities	(534)	(3,682)
Long-term borrowings	0	0
Long-term deferred tax liabilities	(658)	(671)
Long-term intercompany payables	(31,188)	(25,641)
Long-term intercompany notes payable	(3,626)	(330)
Other long-term liabilities	(77)	(97)
Total liabilities	(36,083)	(30,421)
Redeemable equity interest	(78)	(70)
Redeemable noncontrolling interest	78	70
First Data Corporation shareholder's (deficit) equity	(27,676)	(26,701)
Noncontrolling interests	2,927	2,999
Equity of consolidated alliance	(5,962)	(6,103)
Total equity	(30,711)	(29,805)
Total liabilities and equity	$ (66,794)	$ (60,226)

Supplemental Guarantor Conden61

Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule of the Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (75)	$ (188)	$ (105)	$ (330)
Adjustments to reconcile to net cash (used in) provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)	286	296	843	878
Charges related to other operating expenses and other income (expense)			147	145
Other non-cash and non-operating items, net			(13)	(8)
(Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities			(185)	(86)
Net cash provided by operating activities			687	599
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid			4	270
Additions to property and equipment			(213)	(214)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs			(244)	(196)
Acquisitions, net of cash acquired			(89)	(30)
Proceeds from sale of property and equipment			3	3
Purchase of investments			(17)	0
Other investing activity			2	2
Distributions and dividends from subsidiaries			0	0
Net cash used in investing activities			(554)	(165)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net			219	(35)
Proceeds from issuance of long-term debt			2,206	1,830
Payment of debt issuance cost			(104)	(355)
Principal payments on long-term debt			(2,185)	(3,725)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest			(232)	(201)
Distributions paid to equity holders			0	0
Purchase of noncontrolling interest			0	(1)
Capital transactions, net			(13)	2,035
Intercompany			0	0
Net cash provided by (used in) financing activities			(109)	(452)
Effect of exchange rate changes on cash and cash equivalents			(14)	(21)
Change in cash and cash equivalents			10	(39)
Cash and cash equivalents at beginning of period			358	425
Cash and cash equivalents at end of period	368	386	368	386
Reportable legal entities | FDC Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	(126)	(235)	(264)	(470)
Adjustments to reconcile to net cash (used in) provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)			10	8
Charges related to other operating expenses and other income (expense)			94	225
Other non-cash and non-operating items, net			(816)	(493)
(Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities			(390)	(753)
Net cash provided by operating activities			(1,366)	(1,483)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid			0	0
Additions to property and equipment			(8)	(4)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs			0	0
Acquisitions, net of cash acquired			(70)	0
Proceeds from sale of property and equipment			0	0
Purchase of investments			(17)
Other investing activity			2	0
Distributions and dividends from subsidiaries			125	75
Net cash used in investing activities			32	71
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net			250	0
Proceeds from issuance of long-term debt			2,206	1,830
Payment of debt issuance cost			(104)	(355)
Principal payments on long-term debt			(2,115)	(3,669)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest			0	0
Distributions paid to equity holders			0	0
Purchase of noncontrolling interest				0
Capital transactions, net			(13)	2,035
Intercompany			1,129	1,566
Net cash provided by (used in) financing activities			1,353	1,407
Effect of exchange rate changes on cash and cash equivalents			0	0
Change in cash and cash equivalents			19	(5)
Cash and cash equivalents at beginning of period			0	36
Cash and cash equivalents at end of period	19	31	19	31
Reportable legal entities | Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	544	191	874	573
Adjustments to reconcile to net cash (used in) provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)			519	516
Charges related to other operating expenses and other income (expense)			11	(96)
Other non-cash and non-operating items, net			(300)	(260)
(Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities			149	554
Net cash provided by operating activities			1,253	1,287
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid			4	270
Additions to property and equipment			(93)	(86)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs			(201)	(141)
Acquisitions, net of cash acquired			(19)	(30)
Proceeds from sale of property and equipment			3	2
Purchase of investments			0
Other investing activity			0	0
Distributions and dividends from subsidiaries			192	176
Net cash used in investing activities			(114)	191
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net			0	0
Proceeds from issuance of long-term debt			0	0
Payment of debt issuance cost			0	0
Principal payments on long-term debt			(61)	(50)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest			0	0
Distributions paid to equity holders			0	0
Purchase of noncontrolling interest				0
Capital transactions, net			0	0
Intercompany			(1,080)	(1,434)
Net cash provided by (used in) financing activities			(1,141)	(1,484)
Effect of exchange rate changes on cash and cash equivalents			1	2
Change in cash and cash equivalents			(1)	(4)
Cash and cash equivalents at beginning of period			23	33
Cash and cash equivalents at end of period	22	29	22	29
Reportable legal entities | Non-Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	188	87	396	330
Adjustments to reconcile to net cash (used in) provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)			314	354
Charges related to other operating expenses and other income (expense)			42	16
Other non-cash and non-operating items, net			(8)	(18)
(Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities			56	113
Net cash provided by operating activities			800	795
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid			0	0
Additions to property and equipment			(112)	(124)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs			(43)	(55)
Acquisitions, net of cash acquired			0	0
Proceeds from sale of property and equipment			0	1
Purchase of investments			0
Other investing activity			0	2
Distributions and dividends from subsidiaries			0	0
Net cash used in investing activities			(155)	(176)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net			(31)	(35)
Proceeds from issuance of long-term debt			0	0
Payment of debt issuance cost			0	0
Principal payments on long-term debt			(9)	(6)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest			(49)	(33)
Distributions paid to equity holders			(375)	(344)
Purchase of noncontrolling interest				(1)
Capital transactions, net			(125)	(75)
Intercompany			(49)	(132)
Net cash provided by (used in) financing activities			(638)	(626)
Effect of exchange rate changes on cash and cash equivalents			(15)	(23)
Change in cash and cash equivalents			(8)	(30)
Cash and cash equivalents at beginning of period			335	356
Cash and cash equivalents at end of period	327	326	327	326
Consolidation Adjustments
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	(681)	(231)	(1,111)	(763)
Adjustments to reconcile to net cash (used in) provided by operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)			0	0
Charges related to other operating expenses and other income (expense)			0	0
Other non-cash and non-operating items, net			1,111	763
(Decrease) increase in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities			0	0
Net cash provided by operating activities			0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from dispositions, net of expenses paid			0	0
Additions to property and equipment			0	0
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs			0	0
Acquisitions, net of cash acquired			0	0
Proceeds from sale of property and equipment			0	0
Purchase of investments			0
Other investing activity			0	0
Distributions and dividends from subsidiaries			(317)	(251)
Net cash used in investing activities			(317)	(251)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net			0	0
Proceeds from issuance of long-term debt			0	0
Payment of debt issuance cost			0	0
Principal payments on long-term debt			0	0
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest			(183)	(168)
Distributions paid to equity holders			375	344
Purchase of noncontrolling interest				0
Capital transactions, net			125	75
Intercompany			0	0
Net cash provided by (used in) financing activities			317	251
Effect of exchange rate changes on cash and cash equivalents			0	0
Change in cash and cash equivalents			0	0
Cash and cash equivalents at beginning of period			0	0
Cash and cash equivalents at end of period	$ 0	$ 0	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Nov. 05, 2015	Oct. 29, 2015	Sep. 30, 2015
Secured debt | 8.75% Senior secured second lien notes due 2022
Subsequent Event [Line Items]
Interest rate (as a percent)			8.75%
Secured debt | 8.25% Senior second lien notes due 2021
Subsequent Event [Line Items]
Interest rate (as a percent)			8.25%
Unsecured debt | 12.625% Senior unsecured notes due 2021
Subsequent Event [Line Items]
Interest rate (as a percent)			12.625%
Unsecured debt | 10.625% Senior unsecured notes due 2021
Subsequent Event [Line Items]
Interest rate (as a percent)			10.625%
Subordinated debt | 11.75% Senior unsecured subordinated notes due 2021
Subsequent Event [Line Items]
Interest rate (as a percent)			11.75%
Subsequent event | Secured debt | 7.0% Senior secured notes due 2023
Subsequent Event [Line Items]
Principal amount		$ 3,400,000,000
Interest rate (as a percent)		7.00%
Subsequent event | Secured debt | 5.0% Senior secured notes due 2024
Subsequent Event [Line Items]
Principal amount	$ 1,000,000,000
Interest rate (as a percent)	5.00%
Subsequent event | Secured debt | 5.75% Senior secured notes due 2024
Subsequent Event [Line Items]
Principal amount	$ 2,200,000,000
Interest rate (as a percent)	5.75%