First Data 10-Q 11 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 01, 2016
Document and Entity Information
Entity Registrant Name	FIRST DATA CORP
Entity Central Index Key	883,980
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		321,900,558
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		585,633,048

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Revenues:
Transaction and processing service fees	[1]	$ 1,591	$ 1,566
Product sales and other	[1]	279	256
Total revenues (excluding reimbursable items)		1,870	1,822
Reimbursable PIN debit fees, postage, and other		907	873
Total revenues		2,777	2,695
Expenses:
Cost of services (exclusive of items shown below)		731	714
Cost of products sold		78	76
Selling, general, and administrative		564	520
Depreciation and amortization		238	251
Other operating expenses		21	1
Total expenses (excluding reimbursable items)		1,632	1,562
Reimbursable PIN debit fees, postage, and other		907	873
Total expenses		2,539	2,435
Operating (loss) profit		238	260
Interest expense, net		(263)	(406)
Loss on debt extinguishment		(46)	0
Other income		6	35
(Loss) income before income taxes and equity earnings in affiliates		(65)	(111)
Income tax expense		5	3
Equity earnings in affiliates		64	51
Net (loss) income		(6)	(63)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		50	49
Net (loss) income attributable to First Data Corporation		$ (56)	$ (112)
Net loss per share, basic and diluted (in dollars per share)		$ (0.06)	$ (112,000)
Weighted-average shares used to compute basic and diluted net loss per share (in shares)		896,339,379	1,000
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $53 million and $50 million for the three months ended March 31, 2016 and 2015, respectively.

CONSOLIDATED STATEMENTS OF OPE3

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Processing fess, administrative service fees, and other fees charged to merchant alliances under equity method	$ 53	$ 50

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (6)	$ (63)
Other comprehensive income (loss), net of tax:
Unrealized gains on securities	0	6
Foreign currency translation adjustment	(64)	(173)
Total other comprehensive loss, net of tax	(64)	(167)
Comprehensive loss	(70)	(230)
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest	52	38
Comprehensive loss attributable to First Data Corporation	$ (122)	$ (268)

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 311	$ 429
Accounts receivable, net of allowance for doubtful accounts of $74 and $71	1,768	1,826
Settlement assets	7,777	8,150
Other current assets	359	381
Total current assets	10,215	10,786
Property and equipment, net of accumulated depreciation of $1,363 and $1,367	964	951
Goodwill	16,862	16,846
Customer relationships, net of accumulated amortization of $5,399 and $5,299	2,043	2,136
Other intangibles, net of accumulated amortization of $2,215 and $2,134	1,792	1,783
Investment in affiliates	1,040	1,048
Other long-term assets	809	812
Total assets	33,725	34,362
Current liabilities:
Accounts payable and accrued liabilities	1,537	1,639
Short-term and current portion of long-term borrowings	604	856
Settlement obligations	7,777	8,150
Total current liabilities	9,918	10,645
Long-term borrowings	18,857	18,737
Deferred tax liabilities	443	431
Other long-term liabilities	823	812
Total liabilities	$ 30,041	$ 30,625
Commitments and contingencies (See note 10)
Redeemable noncontrolling interest	$ 73	$ 77
First Data Corporation stockholders' equity:
Additional paid-in capital	12,989	12,910
Accumulated loss	(11,088)	(11,032)
Accumulated other comprehensive loss	(1,285)	(1,219)
Total First Data Corporation stockholders' equity	625	668
Noncontrolling interests	2,986	2,992
Total equity	3,611	3,660
Total liabilities and equity	33,725	34,362
Class A common stock
First Data Corporation stockholders' equity:
Common stock, $0.01 par value	2	2
Class B common stock
First Data Corporation stockholders' equity:
Common stock, $0.01 par value	$ 7	$ 7

CONSOLIDATED BALANCE SHEETS (U6

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 74	$ 71
Property and equipment, accumulated depreciation	1,363	1,367
Customer relationships, accumulated amortization	5,399	5,299
Other intangibles, accumulated amortization	$ 2,215	$ 2,134
Class A common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	1,600,000,000	1,600,000,000
Common stock, issued shares (in shares)	182,811,430	179,873,244
Common stock, outstanding shares (in shares)	182,811,430	179,873,244
Class B common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	800,000,000	800,000,000
Common stock, issued shares (in shares)	723,570,588	719,330,114
Common stock, outstanding shares (in shares)	723,570,588	719,330,114

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (6)	$ (63)
Adjustments to reconcile to net cash provided by (used in) operating activities:
Depreciation and amortization (including amortization netted against equity earnings in affiliates and revenues)	262	277
Charges (gains) related to other operating expenses and other income	15	(34)
Loss on debt extinguishment	46	0
Stock-based compensation expense	115	7
Other non-cash and non-operating items, net	0	6
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in:
Accounts receivable, current and long-term	61	(8)
Other assets, current and long-term	16	(39)
Accounts payable and other liabilities, current and long-term	(102)	(232)
Income tax accounts	(21)	(16)
Net cash provided by (used in) operating activities	386	(102)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	(53)	(67)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs	(64)	(78)
Other investing activities, net	6	22
Net cash provided by (used in) investing activities	(123)	(167)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net	498	337
Proceeds from issuance of long-term debt	896	0
Payment of call premiums and debt issuance cost	(43)	0
Principal payments on long-term debt	(1,651)	(20)
Payment of taxes related to net settlement of equity awards	(39)	0
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	(58)	(63)
Other financing activities, net	24	(1)
Net cash (used in) provided by financing activities	(373)	253
Effect of exchange rate changes on cash and cash equivalents	(8)	(2)
Change in cash and cash equivalents	(118)	(18)
Cash and cash equivalents at beginning of period	429	358
Cash and cash equivalents at end of period	311	340
NON-CASH TRANSACTIONS:
Capital leases, net of trade-ins	$ 44	$ 5

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Millions		Total	Common StockClass A common stock	Common StockClass B common stock	Additional Paid-In Capital	Accumulated Loss	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2014	[1]		1,000
Beginning balance at Dec. 31, 2014		$ 2,530			$ 9,906	$ (9,547)	$ (929)	$ 3,100
Increase (Decrease) in Stockholders' Equity
Dividends and distributions paid to noncontrolling interests		(55)						(55)
Net (loss) income	[2]	(71)				(112)		41
Other comprehensive (loss) income		(167)					(156)	(11)
Adjustment to redemption value of redeemable noncontrolling interest		(8)			(8)
Stock compensation expense and other		6			6
Cash dividends paid by First Data Corporation to Parent		(1)				(1)
Ending balance (in shares) at Mar. 31, 2015			1,000
Ending balance at Mar. 31, 2015		$ 2,234			9,904	(9,660)	(1,085)	3,075
Beginning balance (in shares) at Dec. 31, 2015		1,000	179,873,244	719,330,114
Beginning balance at Dec. 31, 2015		$ 3,660	$ 2	$ 7	12,910	(11,032)	(1,219)	2,992
Increase (Decrease) in Stockholders' Equity
Dividends and distributions paid to noncontrolling interests		(50)						(50)
Net (loss) income	[2]	(14)				(56)		42
Other comprehensive (loss) income		(64)					(66)	2
Adjustment to redemption value of redeemable noncontrolling interest		4			4
Stock compensation expense and other		114			114
Stock activity under stock compensation plans (in shares)			2,938,186	4,240,474
Stock activity under stock compensation plans, net of treasury stock		(39)			(39)
Ending balance (in shares) at Mar. 31, 2016			182,811,430	723,570,588
Ending balance at Mar. 31, 2016		$ 3,611	$ 2	$ 7	$ 12,989	$ (11,088)	$ (1,285)	$ 2,986
[1]	1,000 shares relates to common stock without a class that was eliminated upon the merger with First Data Holdings during the fourth quarter of 2015.
[2]	The total net loss presented in the unaudited consolidated statements of equity for the three months ended March 31, 2016 and 2015 is $8 million and $8 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 (Unaudited) (Parenthetical) $ in Millions	3 Months Ended
	Dec. 31, 2015shares
Common Stock
Number of shares eliminated upon merger	1,000

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
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; as well as solutions to help clients grow their businesses including the Company's Clover line of payment solutions and related applications. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . 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 March 31, 2016 and December 31, 2015 and the consolidated results of its operations, comprehensive income (loss), consolidated cash flows and changes in equity for the three months ended March 31, 2016 and 2015 . 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 contra-revenue within “Transaction and processing service fees.” Also not included is amortization related to equity method investments which is netted within “Equity earnings in affiliates.” The following table presents the amounts associated with such amortization for the periods presented: Three months ended (in millions) 2016 2015 Amortization of initial payments for new contracts $ 15 $ 11 Amortization related to equity method investments 9 15 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 for the periods presented: Three months ended (in millions) 2016 2015 Interchange fees and assessments $ 5,287 $ 4,965 PIN-Debit fees 726 710 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 March 31, 2016 and December 31, 2015 , current deferred revenue included within "Accounts payable and accrued liabilities" in the Company's unaudited consolidated balance sheets was $137 million and $140 million , respectively. As of March 31, 2016 and December 31, 2015 , noncurrent deferred revenue included within "Other long-term liabilities" in the Company's unaudited consolidated balance sheets was $154 million and $146 million , respectively. 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 February 2016, the FASB issued guidance which requires lessees to put most leases on their balance sheets. The guidance also modifies the classification criteria and the accounting for sales-type and direct financing leases for lessors and provides new presentation and disclosure requirements for both lessees and lessors. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of adoption of the new guidance on its consolidated financial statements. In March 2016, the FASB issued guidance that will change some aspects of the accounting for stock-based payments to employees. Under the new guidance, companies will be required to record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement and to present excess tax benefits as an operating activity on the statement of cash flows. The guidance may also change how companies account for forfeitures and an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation. The new guidance will be effective for public companies for fiscal years beginning after December 15, 2016 as well as interim periods within those annual periods. Early application is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Borrowings	Borrowings (in millions) As of March 31, As of December 31, Short-term borrowings: Foreign lines of credit and other arrangements $ 42 $ 43 Senior secured revolving credit facility at either (i) LIBOR for deposits in the applicable currency plus 350 basis points or (ii) the prime rate plus 250 basis points. 269 — Accounts receivable securitized loan at LIBOR plus 200 basis points or a base rate equal to the highest of (i) the applicable lender's prime rate, or (ii) the federal funds rate plus 0.50% 233 — Unamortized deferred financing costs (a) (3 ) — Total Short-term borrowings 541 43 Current portion of long-term borrowings: 8.75% Senior secured second lien notes due 2022 — 750 Unamortized discount and unamortized deferred financing costs — (10 ) Other arrangements 3 — Capital lease obligations 60 73 Total Current portion of long-term borrowings 63 813 Total Short-term and current portion of long-term borrowings 604 856 Long-term borrowings: Senior secured term loan facility due March 2018 at LIBOR and euro LIBOR plus 3.5% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.5% 4,068 4,938 Senior secured term loan facility due September 2018 at LIBOR plus 3.5% or a base rate plus 2.5% 1,008 1,008 Senior secured term loan facility due March 2021 at LIBOR and euro LIBOR plus 4.0% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 3.0% 1,179 1,171 Senior secured term loan facility due July 2022 at LIBOR and euro LIBOR plus 3.75% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.75% 2,487 2,464 6.75% Senior secured first lien notes due 2020 1,398 1,398 5.375% Senior secured first lien notes due 2023 1,210 1,210 5.0% Senior secured first lien notes due 2024 1,900 1,000 5.75% Senior secured second lien notes due 2024 2,200 2,200 7.0% Senior unsecured notes due 2023 3,400 3,400 Unamortized discount and unamortized deferred financing costs (a) (178 ) (174 ) Other arrangements 19 — Capital lease obligations 166 122 Total Long-term borrowings 18,857 18,737 Total Borrowings (b) (c) $ 19,461 $ 19,593 (a) Unamortized deferred financing costs are amortized on a straight-line basis, which approximates the interest method, over the remaining term of the respective debt. In addition, certain lenders fees associated with debt transactions were capitalized as discounts and are similarly being amortized on a straight-line basis, which approximates the effective interest method, over the remaining term of the respective debt. (b) As of March 31, 2016 and December 31, 2015 , the fair value of the Company's long-term borrowings was $19.1 billion and $19.6 billion , respectively. The estimated fair value of the Company's long-term borrowings was primarily based on market trading prices and is considered to be a Level 2 measurement. (c) The effective interest rate is not substantially different than the coupon rate on any of the Company's debt tranches. Foreign Lines of Credit and Other Arrangements As of March 31, 2016 and December 31, 2015 , the Company had $253 million and $245 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 March 31, 2016 and December 31, 2015 , this also includes a $75 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 March 31, 2016 and December 31, 2015 , $21 million and $17 million , respectively, were uncommitted. Senior Secured Revolving Credit Facility The Company has a $1.25 billion senior secured revolving credit facility maturing on June 2, 2020 subject to certain earlier springing maturity provisions in certain circumstances. Up to $250 million of the new senior secured revolving credit facility is available for letters of credit, of which $43 million and $42 million of letters of credit were issued under these facilities as of March 31, 2016 and December 31, 2015 , respectively. As of March 31, 2016 , $938 million remained available. Accounts Receivable Securitization Agreement On December 31, 2015, the Company established a new fully consolidated and wholly owned subsidiary, First Data Receivables, LLC (FDR). FDR and FDC entered into an agreement where certain wholly owned subsidiaries of FDC agreed to transfer and contribute receivables to FDR. FDR’s assets are not available to satisfy obligations of any other entities or affiliates of FDC. FDR's creditors will be entitled, upon its liquidation, to be satisfied out of FDR’s assets prior to any assets or value in FDR becoming available to FDR’s equity holders. As of March 31, 2016, the Company transferred $310 million in receivables to FDR as part of the securitization program and FDR utilized the receivables as collateral in borrowings of $233 million . As of March 31, 2016, the receivables held by FDR are recorded within “Accounts receivable, net” in the Company's unaudited consolidated balance sheets. Recent Events On January 1, 2016, the Company designated the euro-denominated portions of the Senior secured term loan facility due March 2018, Senior secured term loan facility due March 2021, and the Senior secured term loan facility due July 2022 as non-derivative hedges of net investments in foreign operations. As such, foreign currency gains and losses on the euro-denominated portions of these terms loans is recorded within "Foreign currency translation adjustment" on the Company's unaudited consolidated statements of comprehensive income (loss) to the extent the hedges are effective. Foreign currency gains and losses on the euro-denominated portions of these term loans were previously recorded within "Other income" on the Company's unaudited consolidated statements of operations. As of January 1, 2016, approximately $1 billion in euro-denominated senior secured term loan facilities were designated. On January 15, 2016, the Company redeemed our 8.75% senior secured second lien notes. Associated with the redemption, the Company recorded $43 million in loss on debt extinguishment. On March 29, 2016, the Company issued and sold $900 million aggregate principal amount of additional 5.0% Senior Secured Notes due 2024, which mature on January 15, 2024, pursuant to the indenture governing the 5.0% Senior Secured Notes due 2024 that were issued on November 25, 2015. The additional notes are expected to be treated as a single series with the existing 5.0% Senior secured first lien notes due 2024 and will have the same terms as those of the Existing 5.0% Notes. The Company used the net proceeds from the issue and sale of the additional notes to repay a portion of its U.S. dollar-denominated senior secured term loan facility due March 2018 and to pay related fees and expenses. Associated with the partial redemption of the U.S. dollar-denominated senior secured term loan facility, the Company recorded $3 million in loss on debt extinguishment. On April 13, 2016, the Company refinanced its U.S. dollar-denominated senior secured term loan due March 2018 through new and existing lenders to provide approximately $3.7 billion of U.S. dollar-denominated senior secured term loans due March 2021. The senior secured term loan due March 2021 bears interest at a rate of LIBOR plus 400 basis points or a base rate plus 300 basis points . In connection with this transaction, the Company will record approximately $5 million in loss on debt extinguishment and expense approximately $11 million in debt issuance costs.

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Plans	Stock Compensation Plans The Company provides stock-based compensation awards to its employees under the 2015 Omnibus Incentive Plan (stock plan), which the Company adopted in conjunction with its initial public offering on October 15, 2015. The stock plan allows for the Company to award an equity interest in the Company. Total stock-based compensation expense recognized in the "Cost of services" and “Selling, general, and administrative” line items of the consolidated statements of operations resulting from stock options, non-vested restricted stock awards, and non-vested restricted stock units was as follows for the periods presented: Three months ended March 31, (in millions) 2016 2015 Cost of services $ 49 $ — Selling, general, and administrative 66 7 Total $ 115 $ 7 Substantially all of the Company's employees are granted restricted stock awards or units on an annual basis and during the three months ended March 31, 2016 , 14 million restricted stock awards and units were granted at a weighted average price per share of $12.54 and generally vest 20% after the first anniversary, 40% after the second anniversary, and the remaining 40% on the third anniversary. As of March 31, 2016 , there was $110 million and $286 million of total unrecognized compensation expense related to non-vested stock options and restricted stock, respectively. Previously unrecognized expense of $52 million was recognized during the three months ended March 31, 2016 in connection with the Company's initial public offering. During the three months ended March 31, 2016 , the Company paid approximately $39 million of taxes related to the net settlement of vested equity awards. The transaction is recorded as a reduction to stockholders’ equity. For additional information on the Company’s stock compensation plans, refer to note 4 “Stock Compensation Plans” in “Item 8. Financial Statements and Supplementary Data” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 .

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share Upon First Data Holdings, Inc. (FDH), the Company's direct parent company, merging with and into FDC on October 13, 2015, all outstanding shares of FDH's Class A Common Stock, Class B Common Stock, and Series A Voting Participating Convertible Preferred Stock (Series A Preferred Stock) automatically converted to identical shares of the Company's stock. Following the filing of the Company's prospectus with the Securities and Exchange Commission on October 15, 2015, holders of existing Class B Common Stock and Series A Preferred Stock received Class B Common Stock in the Company. Other than voting rights, this common stock has the same rights as the Class A Common Stock and therefore both are treated as the same class of stock for purposes of the net loss per share calculation. Basic net loss per share is calculated by dividing net loss attributable to FDC by the weighted-average shares outstanding during the period, without consideration for any potential dilutive shares. Diluted net loss per share has been computed to give effect to the impact, if any, of shares issuable upon the assumed exercise of the Company’s common stock equivalents, which consist of outstanding stock options and unvested restricted stock. For the three months ended March 31, 2016 , all outstanding options and unvested restricted stock were excluded from the calculation of diluted shares due to these securities being anti-dilutive because of the Company’s net loss attributable to FDC. The following table sets forth the computation of the Company's basic and diluted net loss per share for the periods presented: Three Months Ended March 31, (in millions, except share amounts) 2016 2015 Numerator: Net loss used in computing net loss per share, basic and diluted $ (56 ) $ (112 ) Denominator: Shares used in computing net loss per share, basic and diluted (a) 896,339,379 1,000 Net loss per share, basic and diluted $ (0.06 ) $ (112,000 ) Anti-dilutive shares excluded from diluted net loss per share 46,345,843 — (a) 2015 net loss per share, basic and diluted is calculated using 1,000 shares outstanding prior to the merger with FDH and the filing of the Company's prospectus in October 2015.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information For a detailed discussion of the Company’s principles and its operating segments refer to note 7 “Segment Information” in the Company’s consolidated financial statements in “Item 8. Financial Statements and Supplementary Data” and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . The following tables present the Company’s operating segment results for the periods presented: Three months ended March 31, 2016 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 755 $ 337 $ 313 $ — $ 1,405 Product sales and other 189 49 39 — 277 Equity earnings in affiliates 11 — — — 11 Total segment revenues $ 955 $ 386 $ 352 $ — $ 1,693 Depreciation and amortization $ 103 $ 94 $ 27 $ 4 $ 228 Adjusted EBITDA 376 155 151 (46 ) 636 Other operating expenses and Other income (expense) excluding divestitures (17 ) 4 (2 ) — (15 ) Three months ended March 31, 2015 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 769 $ 319 $ 305 $ — $ 1,393 Product sales and other 187 38 31 — 256 Equity earnings in affiliates 6 — — — 6 Total segment revenues $ 962 $ 357 $ 336 $ — $ 1,655 Depreciation and amortization $ 119 $ 97 $ 21 $ 8 $ 245 Adjusted EBITDA 360 119 130 (46 ) 563 Other operating expenses and Other income (expense) excluding divestitures 9 (3 ) — 27 33 The following table presents a reconciliation of reportable segment amounts to the Company’s consolidated balances for the periods presented: Three months ended (in millions) 2016 2015 Total segment revenues: $ 1,693 $ 1,655 Adjustments for non wholly owned entities (a) 14 20 ISOs commission expense (b) 163 147 Reimbursable debit network fees, postage, and other 907 873 Total revenues $ 2,777 $ 2,695 Total Adjusted EBITDA $ 636 $ 563 Adjustments to reconcile to Net loss attributable to First Data Corporation: Adjustments for non wholly owned entities (a) 10 7 Depreciation and amortization (238 ) (251 ) Interest expense, net (263 ) (406 ) Loss on debt extinguishment (46 ) — Other items (c) (35 ) (15 ) Income tax expense (5 ) (3 ) Stock-based compensation (115 ) (7 ) Net loss attributable to First Data Corporation $ (56 ) $ (112 ) (a) Net adjustment to reflect the Company's proportionate share of alliance revenue and adjusted EBITDA and amortization related to equity method investments not included in adjusted EBITDA. (b) Reported within "Selling, general, and administrative expense" in the unaudited consolidated statements of operations. (c) Includes adjustments to exclude the official check and money order businesses due to the Company's wind down of these businesses, restructuring, certain retention bonuses, non-normal course litigation and regulatory settlements, debt issuance expenses, and “Other income" as presented in the unaudited consolidated statements of operations, which includes divestitures, impairments, derivative gains and (losses), non-operating foreign currency gains (losses), cost of alliance conversions, Kohlberg, Kravis, and Roberts (KKR) fees, and debt issuance costs. The following table presents a reconciliation of reportable segment depreciation and amortization amounts to the Company’s consolidated balances in the unaudited consolidated statements of cash flows for the periods presented: Three months ended (in millions) 2016 2015 Segment depreciation and amortization $ 228 $ 245 Adjustments for non wholly owned entities 19 21 Amortization of initial payments for new contracts (a) 15 11 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 262 277 Amortization of equity method investments (b) (9 ) (15 ) Amortization of initial payments for new contracts (a) (15 ) (11 ) Total consolidated depreciation and amortization per unaudited consolidated statements of operations $ 238 $ 251 (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.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents the Company's income tax expense and effective income tax rate for the periods presented: Three months ended (in millions) 2016 2015 Income tax expense $ 5 $ 3 Effective income tax rate (500 )% (5 )% The effective tax rates for the three months ended March 31, 2016 and 2015 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. Additionally, the near break-even pretax loss for the period ended March 31, 2016 amplifies variations between the effective income tax rate and the statutory tax rate in the same period. The Company's liability for unrecognized tax benefits was approximately $246 million as of March 31, 2016 . The Company anticipates it is reasonably possible that the liability for unrecognized tax benefits may decrease by up to $123 million over the next twelve months beginning March 31, 2016 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.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	3 Months Ended
	Mar. 31, 2016
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) 2016 2015 Balance as of January 1, $ 77 $ 70 Distributions (8 ) (8 ) Share of income 8 8 Adjustment to redemption value of redeemable noncontrolling interest (4 ) 8 Balance as of March 31, $ 73 $ 78

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company enters into the following types of derivatives: • Floating to fixed 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. • 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 March 31, 2016 As of December 31, 2015 (in millions) Notional Currency Notional Value Assets (a) Liabilities (a) Notional Value Assets (a) Liabilities (a) Derivatives designated as hedges of net investments in foreign operations: Foreign exchange contracts AUD 260 $ 55 $ — 260 $ 65 $ — Foreign exchange contracts (b) EUR — — — 200 51 — Foreign exchange contracts GBP 250 49 — 250 39 — Foreign exchange contracts CAD 110 19 — 110 24 — 123 — 179 — Derivatives not designated as hedging instruments: Interest rate contracts USD 5,000 — (41 ) 5,000 — (56 ) $ 123 $ (41 ) $ 179 $ (56 ) (a) Of the balances included in the table above, in aggregate, $123 million of assets and $38 million of liabilities, net $85 million , as of March 31, 2016 and $179 million of assets and $51 million of liabilities, net $128 million , as of December 31, 2015 are subject to master netting agreements to the extent that the swaps are with the same counterparty. The terms of those agreements require that the Company net settle the outstanding positions at the option of the counterparty upon certain events of default. (b) The forward exchange contracts matured in January 2016 at a net settlement value of $49 million . 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 March 31, 2016 2015 (in millions, pretax) Interest Foreign Interest Foreign Derivatives in net investment hedging relationships: Gain (loss) recognized in Foreign currency translation adjustment in the consolidated statements of comprehensive income (loss) (effective portion) $ — $ (8 ) $ — $ 67 Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income in the consolidated statements of operations (4 ) — (5 ) 3 Accumulated Derivative Gains and Losses The following table summarizes activity in other comprehensive income related to derivative instruments classified as cash flow hedges and a net investment hedge held by the Company for the periods presented: (in millions, after tax) Three months ended March 31, 2016 2015 Accumulated gain included in other comprehensive income (loss) at beginning of the period $ 86 $ 37 Increase (decrease) in fair value of derivatives that qualify for hedge accounting, net of tax (a) (5 ) 42 Accumulated gain included in other comprehensive income (loss) at end of the period $ 81 $ 79 (a) Gains and (losses) are included in “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income (loss).

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During the three months ended March 31, 2016 and 2015 , the Company recorded restructuring charges 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 $125 million , which includes approximately $ 25 million related to non-cash charges associated with the sale of facilities. The Company has expensed approximately $74 million through March 31, 2016 . The net charge is mostly due to costs for severance, retention, and transition, but also includes asset impairments, professional services fees, and gains/losses on the sale of facilities. A summary of net pretax charges incurred by segment and reported within "Other operating expenses" on the consolidated statement of operations was as follows for the periods presented: Three months ended (in millions) 2016 2015 Global Business Solutions $ (3 ) $ — Global Financial Solutions (1 ) — Network & Security Solutions (2 ) — Corporate (15 ) (1 ) Restructuring, net $ (21 ) $ (1 ) 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, 2016 $ 29 $ 1 Restructuring, net 21 — Cash payments and other (25 ) (1 ) Remaining accrual as of March 31, 2016 $ 25 $ —

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
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 reasonably possible ranges of losses in excess of any amounts accrued are $0 to $10 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 reasonably possible losses of $0 to $90 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.

Investment in Affiliates

Investment in Affiliates	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 , 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. Summarized financial information for the affiliate is presented below for the periods presented: Three months ended (in millions) 2016 2015 Net operating revenues $ 218 $ 211 Operating expenses 96 89 Operating income $ 122 $ 122 Net income $ 122 $ 122 FDC equity earnings 43 38

Supplemental Financial Informat

Supplemental Financial Information	3 Months Ended
	Mar. 31, 2016
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” on the unaudited consolidated statements of operations for the periods presented: Three months ended (in millions) 2016 2015 Derivative financial instruments losses $ (4 ) $ (2 ) Divestitures, net gains — 1 Non-operating foreign currency gains 10 36 Other income $ 6 $ 35

Supplemental Guarantor Condense

Supplemental Guarantor Condensed Consolidating Financial Statements	3 Months Ended
	Mar. 31, 2016
Supplemental Guarantor Condensed Consolidating Financial Statements
Supplemental Guarantor Condensed Consolidating Financial Statements	Supplemental Guarantor Condensed Consolidating Financial Statements As described in note 2 "Borrowings" in "Item 8. Financial Statements and Supplementary Data" in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 , FDC's 7.0% senior notes are guaranteed by most of the existing and future, direct and indirect, wholly owned, domestic subsidiaries of FDC (Guarantors). The Guarantors guarantee the senior secured revolving credit facility, senior secured term loan facility, the 5.0% senior secured notes, 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 FDC’s guarantor subsidiaries to the extent of the value of the collateral. The Guarantors guarantee the 5.75% senior second lien notes which rank senior in right of payment to all existing and future unsecured indebtedness of FDC’s guarantor subsidiaries to the extent of the value of the collateral. The 7.0% senior note guarantee is unsecured and ranks 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 FDC’s 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 periods presented to arrive at the information for the Company on a consolidated basis: CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended March 31, 2016 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 948 $ 718 $ (75 ) $ 1,591 Product sales and other — 194 117 (32 ) 279 Total revenues (excluding reimbursable items) — 1,142 835 (107 ) 1,870 Reimbursable PIN debit fees, postage, and other — 622 285 — 907 Total revenues — 1,764 1,120 (107 ) 2,777 Expenses: Cost of services (exclusive of items shown below) — 406 352 (27 ) 731 Cost of products sold — 70 40 (32 ) 78 Selling, general, and administrative 166 254 192 (48 ) 564 Depreciation and amortization 1 149 88 — 238 Other operating expenses 12 7 2 — 21 Total expenses (excluding reimbursable items) 179 886 674 (107 ) 1,632 Reimbursable PIN debit fees, postage, and other — 622 285 — 907 Total expenses 179 1,508 959 (107 ) 2,539 Operating (loss) profit (179 ) 256 161 — 238 Interest expense, net (256 ) (5 ) (2 ) — (263 ) Loss on debt extinguishment (46 ) — — — (46 ) Interest income (expense) from intercompany notes 63 (62 ) (1 ) — — Other (expense) income (2 ) — 8 — 6 Equity earnings from consolidated subsidiaries 226 56 — (282 ) — (Loss) income before income taxes and equity earnings in affiliates (194 ) 245 166 (282 ) (65 ) Income tax (benefit) expense (138 ) 115 28 — 5 Equity earnings in affiliates — 55 9 — 64 Net (loss) income (56 ) 185 147 (282 ) (6 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 19 31 50 Net (loss) income attributable to First Data Corporation $ (56 ) $ 185 $ 128 $ (313 ) $ (56 ) Comprehensive (loss) income $ (122 ) $ 198 $ 150 $ (296 ) $ (70 ) Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest — — 21 31 52 Comprehensive income (loss) attributable to First Data Corporation $ (122 ) $ 198 $ 129 $ (327 ) $ (122 ) Three months ended March 31, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 914 $ 725 $ (73 ) $ 1,566 Product sales and other — 165 105 (14 ) 256 Total revenues (excluding reimbursable items) — 1,079 830 (87 ) 1,822 Reimbursable PIN debit fees, postage, and other — 601 272 — 873 Total revenues — 1,680 1,102 (87 ) 2,695 Expenses: Cost of services (exclusive of items shown below) — 405 382 (73 ) 714 Cost of products sold — 53 37 (14 ) 76 Selling, general, and administrative 32 287 201 — 520 Depreciation and amortization 4 150 97 — 251 Other operating (income) expenses (1 ) 2 — — 1 Total expenses (excluding reimbursable items) 35 897 717 (87 ) 1,562 Reimbursable PIN debit fees, postage, and other — 601 272 — 873 Total expenses 35 1,498 989 (87 ) 2,435 Operating (loss) profit (35 ) 182 113 — 260 Interest expense, net (402 ) (3 ) (1 ) — (406 ) Interest income (expense) from intercompany notes 81 (77 ) (4 ) — — Other income (expense) 69 — (34 ) — 35 Equity earnings from consolidated subsidiaries 172 38 — (210 ) — (Loss) income before income taxes and equity earnings in affiliates (115 ) 140 74 (210 ) (111 ) Income tax (benefit) expense (3 ) 3 3 — 3 Equity earnings in affiliates — 48 3 — 51 Net (loss) income (112 ) 185 74 (210 ) (63 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 16 33 49 Net (loss) income attributable to First Data Corporation $ (112 ) $ 185 $ 58 $ (243 ) $ (112 ) Comprehensive (loss) income $ (267 ) $ 158 $ (156 ) $ 35 $ (230 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 5 33 38 Comprehensive (loss) income attributable to First Data Corporation $ (267 ) $ 158 $ (161 ) $ 2 $ (268 ) CONSOLIDATED BALANCE SHEETS As of March 31, 2016 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ 2 $ 24 $ 285 $ — $ 311 Accounts receivable, net of allowance for doubtful accounts — 496 1,272 — 1,768 Settlement assets (a) — 3,766 4,011 — 7,777 Intercompany notes receivable 1 — — (1 ) — Other current assets 86 171 102 — 359 Total current assets 89 4,457 5,670 (1 ) 10,215 Property and equipment, net of accumulated depreciation 37 646 281 — 964 Goodwill — 9,145 7,717 — 16,862 Customer relationships, net of accumulated amortization — 1,182 861 — 2,043 Other intangibles, net of accumulated amortization 604 703 485 — 1,792 Investment in affiliates 4 889 147 — 1,040 Long-term intercompany receivables 9,036 15,683 7,123 (31,842 ) — Long-term intercompany notes receivable 3,474 215 9 (3,698 ) — Long-term deferred tax assets 479 — — (479 ) — Other long-term assets 248 364 264 (67 ) 809 Investment in consolidated subsidiaries 26,263 5,886 — (32,149 ) — Total assets $ 40,234 $ 39,170 $ 22,557 $ (68,236 ) $ 33,725 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued liabilities $ 334 $ 681 $ 522 $ — $ 1,537 Short-term and current portion of long-term borrowings 267 61 276 — 604 Settlement obligations (a) — 3,766 4,011 — 7,777 Intercompany notes payable — — 1 (1 ) — Total current liabilities 601 4,508 4,810 (1 ) 9,918 Long-term borrowings 18,675 182 — — 18,857 Long-term deferred tax liabilities — 836 86 (479 ) 443 Long-term intercompany payables 19,646 7,111 5,085 (31,842 ) — Long-term intercompany notes payable 224 3,383 91 (3,698 ) — Other long-term liabilities 463 278 149 (67 ) 823 Total liabilities 39,609 16,298 10,221 (36,087 ) 30,041 Redeemable equity interest — — 73 (73 ) — Redeemable noncontrolling interest — — — 73 73 First Data Corporation stockholders' equity 625 22,872 6,277 (29,149 ) 625 Noncontrolling interests — — 100 2,886 2,986 Equity of consolidated alliance — — 5,886 (5,886 ) — Total equity 625 22,872 12,263 (32,149 ) 3,611 Total liabilities and equity $ 40,234 $ 39,170 $ 22,557 $ (68,236 ) $ 33,725 (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, 2015 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ 105 $ 16 $ 308 $ — $ 429 Accounts receivable, net of allowance for doubtful accounts — 826 1,000 — 1,826 Settlement assets (a) — 4,273 3,877 — 8,150 Intercompany notes receivable 436 86 10 (532 ) — Other current assets 98 188 95 — 381 Total current assets 639 5,389 5,290 (532 ) 10,786 Property and equipment, net of accumulated depreciation 37 640 274 — 951 Goodwill — 9,139 7,707 — 16,846 Customer relationships, net of accumulated amortization — 1,235 901 — 2,136 Other intangibles, net of accumulated amortization 604 703 476 — 1,783 Investment in affiliates 5 900 143 — 1,048 Long-term intercompany receivables 8,523 15,192 6,321 (30,036 ) — Long-term intercompany notes receivable 3,415 236 9 (3,660 ) — Long-term deferred tax assets 524 — — (524 ) — Other long-term assets 259 358 265 (70 ) 812 Investment in consolidated subsidiaries 25,692 5,588 — (31,280 ) — Total assets $ 39,698 $ 39,380 $ 21,386 $ (66,102 ) $ 34,362 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued liabilities $ 283 $ 792 $ 564 $ — $ 1,639 Short-term and current portion of long-term borrowings 740 70 46 — 856 Settlement obligations (a) — 4,273 3,877 — 8,150 Intercompany notes payable 96 408 28 (532 ) — Total current liabilities 1,119 5,543 4,515 (532 ) 10,645 Long-term borrowings 18,616 119 2 — 18,737 Long-term deferred tax liabilities — 875 80 (524 ) 431 Long-term intercompany payables 18,583 6,874 4,579 (30,036 ) — Long-term intercompany notes payable 245 3,353 62 (3,660 ) — Other long-term liabilities 467 288 127 (70 ) 812 Total liabilities 39,030 17,052 9,365 (34,822 ) 30,625 Redeemable equity interest — — 77 (77 ) — Redeemable noncontrolling interest — — — 77 77 First Data Corporation stockholders' equity 668 22,328 5,933 (28,261 ) 668 Noncontrolling interests — — 88 2,904 2,992 Equity of consolidated alliance — — 5,923 (5,923 ) — Total equity 668 22,328 11,944 (31,280 ) 3,660 Total liabilities and equity $ 39,698 $ 39,380 $ 21,386 $ (66,102 ) $ 34,362 (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 Three months ended March 31, 2016 (in millions) FDC Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidation Adjustments Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (56 ) $ 185 $ 147 $ (282 ) $ (6 ) 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) 1 164 97 — 262 Charges (gains) related to other operating expenses and other income (expense) 14 7 (6 ) — 15 Loss on debt extinguishment 46 — — — 46 Stock-based compensation expense 115 — — — 115 Other non-cash and non-operating items, net (216 ) (51 ) (15 ) 282 — Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities 59 (83 ) (22 ) — (46 ) Net cash (used in) provided by operating activities (37 ) 222 201 — 386 CASH FLOWS FROM INVESTING ACTIVITIES Additions to property and equipment — (13 ) (40 ) — (53 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (51 ) (13 ) — (64 ) Other investing activities, net 13 53 — (72 ) (6 ) Net cash provided by (used in) investing activities 13 (11 ) (53 ) (72 ) (123 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net 269 — 229 — 498 Proceeds from issuance of long-term debt 896 — — — 896 Payment of call premiums and debt issuance cost (43 ) — — — (43 ) Principal payments on long-term debt (1,637 ) (12 ) (2 ) — (1,651 ) Payment of taxes related to net settlement of equity awards (39 ) — — — (39 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (8 ) (50 ) (58 ) Distributions paid to equity holders — — (103 ) 103 — Other financing activities, net 16 8 (19 ) 19 24 Intercompany 459 (202 ) (257 ) — — Net cash used in financing activities (79 ) (206 ) (160 ) 72 (373 ) Effect of exchange rate changes on cash and cash equivalents — 3 (11 ) — (8 ) Change in cash and cash equivalents (103 ) 8 (23 ) — (118 ) Cash and cash equivalents at beginning of period 105 16 308 — 429 Cash and cash equivalents at end of period $ 2 $ 24 $ 285 $ — $ 311 Three months ended March 31, 2015 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (112 ) $ 185 $ 74 $ (210 ) $ (63 ) 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) 4 170 103 — 277 (Gains) charges related to other operating expenses and other income (expense) (70 ) 2 34 — (34 ) Stock-based compensation expense 7 — — — 7 Other non-cash and non-operating items, net (160 ) (37 ) (7 ) 210 6 (Decrease) increase in cash resulting from changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions (258 ) (76 ) 39 — (295 ) Net cash (used in) provided by operating activities (589 ) 244 243 — (102 ) CASH FLOWS FROM INVESTING ACTIVITIES Additions to property and equipment (4 ) (37 ) (26 ) — (67 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (59 ) (19 ) — (78 ) Other investing activities, net 12 59 — (93 ) (22 ) Net cash provided by (used in) investing activities 8 (37 ) (45 ) (93 ) (167 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net 372 — (35 ) — 337 Principal payments on long-term debt — (16 ) (4 ) — (20 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (8 ) (55 ) (63 ) Distributions paid to equity holders — — (112 ) 112 — Other financing activities, net (1 ) — (36 ) 36 (1 ) Intercompany 223 (191 ) (32 ) — — Net cash provided by (used in) financing activities 594 (207 ) (227 ) 93 253 Effect of exchange rate changes on cash and cash equivalents — 4 (6 ) — (2 ) Change in cash and cash equivalents 13 4 (35 ) — (18 ) Cash and cash equivalents at beginning of period — 23 335 — 358 Cash and cash equivalents at end of period $ 13 $ 27 $ 300 $ — $ 340

Basis of Presentation and Sum23

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . 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 March 31, 2016 and December 31, 2015 and the consolidated results of its operations, comprehensive income (loss), consolidated cash flows and changes in equity for the three months ended March 31, 2016 and 2015 . Results of operations reported for interim periods are not necessarily indicative of results for the entire year due in part to the seasonality of certain business units.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Revenue Recognition	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.
New Accounting Guidance	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 February 2016, the FASB issued guidance which requires lessees to put most leases on their balance sheets. The guidance also modifies the classification criteria and the accounting for sales-type and direct financing leases for lessors and provides new presentation and disclosure requirements for both lessees and lessors. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of adoption of the new guidance on its consolidated financial statements. In March 2016, the FASB issued guidance that will change some aspects of the accounting for stock-based payments to employees. Under the new guidance, companies will be required to record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement and to present excess tax benefits as an operating activity on the statement of cash flows. The guidance may also change how companies account for forfeitures and an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation. The new guidance will be effective for public companies for fiscal years beginning after December 15, 2016 as well as interim periods within those annual periods. Early application is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

Basis of Presentation and Sum24

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of amounts associated with amortization of initial payments for new contracts and equity method investments	The following table presents the amounts associated with such amortization for the periods presented: Three months ended (in millions) 2016 2015 Amortization of initial payments for new contracts $ 15 $ 11 Amortization related to equity method investments 9 15
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 for the periods presented: Three months ended (in millions) 2016 2015 Interchange fees and assessments $ 5,287 $ 4,965 PIN-Debit fees 726 710

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of borrowings	(in millions) As of March 31, As of December 31, Short-term borrowings: Foreign lines of credit and other arrangements $ 42 $ 43 Senior secured revolving credit facility at either (i) LIBOR for deposits in the applicable currency plus 350 basis points or (ii) the prime rate plus 250 basis points. 269 — Accounts receivable securitized loan at LIBOR plus 200 basis points or a base rate equal to the highest of (i) the applicable lender's prime rate, or (ii) the federal funds rate plus 0.50% 233 — Unamortized deferred financing costs (a) (3 ) — Total Short-term borrowings 541 43 Current portion of long-term borrowings: 8.75% Senior secured second lien notes due 2022 — 750 Unamortized discount and unamortized deferred financing costs — (10 ) Other arrangements 3 — Capital lease obligations 60 73 Total Current portion of long-term borrowings 63 813 Total Short-term and current portion of long-term borrowings 604 856 Long-term borrowings: Senior secured term loan facility due March 2018 at LIBOR and euro LIBOR plus 3.5% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.5% 4,068 4,938 Senior secured term loan facility due September 2018 at LIBOR plus 3.5% or a base rate plus 2.5% 1,008 1,008 Senior secured term loan facility due March 2021 at LIBOR and euro LIBOR plus 4.0% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 3.0% 1,179 1,171 Senior secured term loan facility due July 2022 at LIBOR and euro LIBOR plus 3.75% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.75% 2,487 2,464 6.75% Senior secured first lien notes due 2020 1,398 1,398 5.375% Senior secured first lien notes due 2023 1,210 1,210 5.0% Senior secured first lien notes due 2024 1,900 1,000 5.75% Senior secured second lien notes due 2024 2,200 2,200 7.0% Senior unsecured notes due 2023 3,400 3,400 Unamortized discount and unamortized deferred financing costs (a) (178 ) (174 ) Other arrangements 19 — Capital lease obligations 166 122 Total Long-term borrowings 18,857 18,737 Total Borrowings (b) (c) $ 19,461 $ 19,593 (a) Unamortized deferred financing costs are amortized on a straight-line basis, which approximates the interest method, over the remaining term of the respective debt. In addition, certain lenders fees associated with debt transactions were capitalized as discounts and are similarly being amortized on a straight-line basis, which approximates the effective interest method, over the remaining term of the respective debt. (b) As of March 31, 2016 and December 31, 2015 , the fair value of the Company's long-term borrowings was $19.1 billion and $19.6 billion , respectively. The estimated fair value of the Company's long-term borrowings was primarily based on market trading prices and is considered to be a Level 2 measurement. (c) The effective interest rate is not substantially different than the coupon rate on any of the Company's debt tranches.

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock-based compensation expense recognized in the consolidated statements of operations	Total stock-based compensation expense recognized in the "Cost of services" and “Selling, general, and administrative” line items of the consolidated statements of operations resulting from stock options, non-vested restricted stock awards, and non-vested restricted stock units was as follows for the periods presented: Three months ended March 31, (in millions) 2016 2015 Cost of services $ 49 $ — Selling, general, and administrative 66 7 Total $ 115 $ 7

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Computation of basic and diluted net loss per share	The following table sets forth the computation of the Company's basic and diluted net loss per share for the periods presented: Three Months Ended March 31, (in millions, except share amounts) 2016 2015 Numerator: Net loss used in computing net loss per share, basic and diluted $ (56 ) $ (112 ) Denominator: Shares used in computing net loss per share, basic and diluted (a) 896,339,379 1,000 Net loss per share, basic and diluted $ (0.06 ) $ (112,000 ) Anti-dilutive shares excluded from diluted net loss per share 46,345,843 — (a) 2015 net loss per share, basic and diluted is calculated using 1,000 shares outstanding prior to the merger with FDH and the filing of the Company's prospectus in October 2015.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 755 $ 337 $ 313 $ — $ 1,405 Product sales and other 189 49 39 — 277 Equity earnings in affiliates 11 — — — 11 Total segment revenues $ 955 $ 386 $ 352 $ — $ 1,693 Depreciation and amortization $ 103 $ 94 $ 27 $ 4 $ 228 Adjusted EBITDA 376 155 151 (46 ) 636 Other operating expenses and Other income (expense) excluding divestitures (17 ) 4 (2 ) — (15 ) Three months ended March 31, 2015 (in millions) Global Business Solutions Global Financial Solutions Network & Security Solutions Corporate Totals Revenues: Transaction and processing service fees $ 769 $ 319 $ 305 $ — $ 1,393 Product sales and other 187 38 31 — 256 Equity earnings in affiliates 6 — — — 6 Total segment revenues $ 962 $ 357 $ 336 $ — $ 1,655 Depreciation and amortization $ 119 $ 97 $ 21 $ 8 $ 245 Adjusted EBITDA 360 119 130 (46 ) 563 Other operating expenses and Other income (expense) excluding divestitures 9 (3 ) — 27 33
Schedule of reconciliation of reportable segment amounts to the consolidated balances	The following table presents a reconciliation of reportable segment amounts to the Company’s consolidated balances for the periods presented: Three months ended (in millions) 2016 2015 Total segment revenues: $ 1,693 $ 1,655 Adjustments for non wholly owned entities (a) 14 20 ISOs commission expense (b) 163 147 Reimbursable debit network fees, postage, and other 907 873 Total revenues $ 2,777 $ 2,695 Total Adjusted EBITDA $ 636 $ 563 Adjustments to reconcile to Net loss attributable to First Data Corporation: Adjustments for non wholly owned entities (a) 10 7 Depreciation and amortization (238 ) (251 ) Interest expense, net (263 ) (406 ) Loss on debt extinguishment (46 ) — Other items (c) (35 ) (15 ) Income tax expense (5 ) (3 ) Stock-based compensation (115 ) (7 ) Net loss attributable to First Data Corporation $ (56 ) $ (112 ) (a) Net adjustment to reflect the Company's proportionate share of alliance revenue and adjusted EBITDA and amortization related to equity method investments not included in adjusted EBITDA. (b) Reported within "Selling, general, and administrative expense" in the unaudited consolidated statements of operations. (c) Includes adjustments to exclude the official check and money order businesses due to the Company's wind down of these businesses, restructuring, certain retention bonuses, non-normal course litigation and regulatory settlements, debt issuance expenses, and “Other income" as presented in the unaudited consolidated statements of operations, which includes divestitures, impairments, derivative gains and (losses), non-operating foreign currency gains (losses), cost of alliance conversions, Kohlberg, Kravis, and Roberts (KKR) fees, and debt issuance costs.
Schedule of reconciliation of reportable segment depreciation and amortization amounts to the consolidated balances	The following table presents a reconciliation of reportable segment depreciation and amortization amounts to the Company’s consolidated balances in the unaudited consolidated statements of cash flows for the periods presented: Three months ended (in millions) 2016 2015 Segment depreciation and amortization $ 228 $ 245 Adjustments for non wholly owned entities 19 21 Amortization of initial payments for new contracts (a) 15 11 Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows 262 277 Amortization of equity method investments (b) (9 ) (15 ) Amortization of initial payments for new contracts (a) (15 ) (11 ) Total consolidated depreciation and amortization per unaudited consolidated statements of operations $ 238 $ 251 (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.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	The following table presents the Company's income tax expense and effective income tax rate for the periods presented: Three months ended (in millions) 2016 2015 Income tax expense $ 5 $ 3 Effective income tax rate (500 )% (5 )%

Redeemable Noncontrolling Int30

Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2016
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) 2016 2015 Balance as of January 1, $ 77 $ 70 Distributions (8 ) (8 ) Share of income 8 8 Adjustment to redemption value of redeemable noncontrolling interest (4 ) 8 Balance as of March 31, $ 73 $ 78

Derivative Financial Instrume31

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 As of December 31, 2015 (in millions) Notional Currency Notional Value Assets (a) Liabilities (a) Notional Value Assets (a) Liabilities (a) Derivatives designated as hedges of net investments in foreign operations: Foreign exchange contracts AUD 260 $ 55 $ — 260 $ 65 $ — Foreign exchange contracts (b) EUR — — — 200 51 — Foreign exchange contracts GBP 250 49 — 250 39 — Foreign exchange contracts CAD 110 19 — 110 24 — 123 — 179 — Derivatives not designated as hedging instruments: Interest rate contracts USD 5,000 — (41 ) 5,000 — (56 ) $ 123 $ (41 ) $ 179 $ (56 ) (a) Of the balances included in the table above, in aggregate, $123 million of assets and $38 million of liabilities, net $85 million , as of March 31, 2016 and $179 million of assets and $51 million of liabilities, net $128 million , as of December 31, 2015 are subject to master netting agreements to the extent that the swaps are with the same counterparty. The terms of those agreements require that the Company net settle the outstanding positions at the option of the counterparty upon certain events of default. (b) The forward exchange contracts matured in January 2016 at a net settlement value of $49 million .
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 March 31, 2016 2015 (in millions, pretax) Interest Foreign Interest Foreign Derivatives in net investment hedging relationships: Gain (loss) recognized in Foreign currency translation adjustment in the consolidated statements of comprehensive income (loss) (effective portion) $ — $ (8 ) $ — $ 67 Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income in the consolidated statements of operations (4 ) — (5 ) 3
Summary of activity in other comprehensive income related to derivative instruments classified as cash flow hedges and as a net investment hedge	The following table summarizes activity in other comprehensive income related to derivative instruments classified as cash flow hedges and a net investment hedge held by the Company for the periods presented: (in millions, after tax) Three months ended March 31, 2016 2015 Accumulated gain included in other comprehensive income (loss) at beginning of the period $ 86 $ 37 Increase (decrease) in fair value of derivatives that qualify for hedge accounting, net of tax (a) (5 ) 42 Accumulated gain included in other comprehensive income (loss) at end of the period $ 81 $ 79 (a) Gains and (losses) are included in “Foreign currency translation adjustment” in the unaudited consolidated statements of comprehensive income (loss).

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Summary of net pretax benefits (charges), incurred by segment	A summary of net pretax charges incurred by segment and reported within "Other operating expenses" on the consolidated statement of operations was as follows for the periods presented: Three months ended (in millions) 2016 2015 Global Business Solutions $ (3 ) $ — Global Financial Solutions (1 ) — Network & Security Solutions (2 ) — Corporate (15 ) (1 ) Restructuring, net $ (21 ) $ (1 )
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, 2016 $ 29 $ 1 Restructuring, net 21 — Cash payments and other (25 ) (1 ) Remaining accrual as of March 31, 2016 $ 25 $ —

Investment in Affiliates (Table

Investment in Affiliates (Tables)	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Summary of financial information related to the operating results	Summarized financial information for the affiliate is presented below for the periods presented: Three months ended (in millions) 2016 2015 Net operating revenues $ 218 $ 211 Operating expenses 96 89 Operating income $ 122 $ 122 Net income $ 122 $ 122 FDC equity earnings 43 38

Supplemental Financial Inform34

Supplemental Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Information [Abstract]
Schedule of the components of other income	The following table details the components of “Other income” on the unaudited consolidated statements of operations for the periods presented: Three months ended (in millions) 2016 2015 Derivative financial instruments losses $ (4 ) $ (2 ) Divestitures, net gains — 1 Non-operating foreign currency gains 10 36 Other income $ 6 $ 35

Supplemental Guarantor Conden35

Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2016
Supplemental Guarantor Condensed Consolidating Financial Statements
Schedule of consolidated statements of operations	CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended March 31, 2016 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 948 $ 718 $ (75 ) $ 1,591 Product sales and other — 194 117 (32 ) 279 Total revenues (excluding reimbursable items) — 1,142 835 (107 ) 1,870 Reimbursable PIN debit fees, postage, and other — 622 285 — 907 Total revenues — 1,764 1,120 (107 ) 2,777 Expenses: Cost of services (exclusive of items shown below) — 406 352 (27 ) 731 Cost of products sold — 70 40 (32 ) 78 Selling, general, and administrative 166 254 192 (48 ) 564 Depreciation and amortization 1 149 88 — 238 Other operating expenses 12 7 2 — 21 Total expenses (excluding reimbursable items) 179 886 674 (107 ) 1,632 Reimbursable PIN debit fees, postage, and other — 622 285 — 907 Total expenses 179 1,508 959 (107 ) 2,539 Operating (loss) profit (179 ) 256 161 — 238 Interest expense, net (256 ) (5 ) (2 ) — (263 ) Loss on debt extinguishment (46 ) — — — (46 ) Interest income (expense) from intercompany notes 63 (62 ) (1 ) — — Other (expense) income (2 ) — 8 — 6 Equity earnings from consolidated subsidiaries 226 56 — (282 ) — (Loss) income before income taxes and equity earnings in affiliates (194 ) 245 166 (282 ) (65 ) Income tax (benefit) expense (138 ) 115 28 — 5 Equity earnings in affiliates — 55 9 — 64 Net (loss) income (56 ) 185 147 (282 ) (6 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 19 31 50 Net (loss) income attributable to First Data Corporation $ (56 ) $ 185 $ 128 $ (313 ) $ (56 ) Comprehensive (loss) income $ (122 ) $ 198 $ 150 $ (296 ) $ (70 ) Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest — — 21 31 52 Comprehensive income (loss) attributable to First Data Corporation $ (122 ) $ 198 $ 129 $ (327 ) $ (122 ) Three months ended March 31, 2015 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated Revenues: Transaction and processing service fees $ — $ 914 $ 725 $ (73 ) $ 1,566 Product sales and other — 165 105 (14 ) 256 Total revenues (excluding reimbursable items) — 1,079 830 (87 ) 1,822 Reimbursable PIN debit fees, postage, and other — 601 272 — 873 Total revenues — 1,680 1,102 (87 ) 2,695 Expenses: Cost of services (exclusive of items shown below) — 405 382 (73 ) 714 Cost of products sold — 53 37 (14 ) 76 Selling, general, and administrative 32 287 201 — 520 Depreciation and amortization 4 150 97 — 251 Other operating (income) expenses (1 ) 2 — — 1 Total expenses (excluding reimbursable items) 35 897 717 (87 ) 1,562 Reimbursable PIN debit fees, postage, and other — 601 272 — 873 Total expenses 35 1,498 989 (87 ) 2,435 Operating (loss) profit (35 ) 182 113 — 260 Interest expense, net (402 ) (3 ) (1 ) — (406 ) Interest income (expense) from intercompany notes 81 (77 ) (4 ) — — Other income (expense) 69 — (34 ) — 35 Equity earnings from consolidated subsidiaries 172 38 — (210 ) — (Loss) income before income taxes and equity earnings in affiliates (115 ) 140 74 (210 ) (111 ) Income tax (benefit) expense (3 ) 3 3 — 3 Equity earnings in affiliates — 48 3 — 51 Net (loss) income (112 ) 185 74 (210 ) (63 ) Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest — — 16 33 49 Net (loss) income attributable to First Data Corporation $ (112 ) $ 185 $ 58 $ (243 ) $ (112 ) Comprehensive (loss) income $ (267 ) $ 158 $ (156 ) $ 35 $ (230 ) Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest — — 5 33 38 Comprehensive (loss) income attributable to First Data Corporation $ (267 ) $ 158 $ (161 ) $ 2 $ (268 )
Schedule of consolidated balance sheets	CONSOLIDATED BALANCE SHEETS As of March 31, 2016 (in millions) FDC Parent Guarantor Non-Guarantor Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ 2 $ 24 $ 285 $ — $ 311 Accounts receivable, net of allowance for doubtful accounts — 496 1,272 — 1,768 Settlement assets (a) — 3,766 4,011 — 7,777 Intercompany notes receivable 1 — — (1 ) — Other current assets 86 171 102 — 359 Total current assets 89 4,457 5,670 (1 ) 10,215 Property and equipment, net of accumulated depreciation 37 646 281 — 964 Goodwill — 9,145 7,717 — 16,862 Customer relationships, net of accumulated amortization — 1,182 861 — 2,043 Other intangibles, net of accumulated amortization 604 703 485 — 1,792 Investment in affiliates 4 889 147 — 1,040 Long-term intercompany receivables 9,036 15,683 7,123 (31,842 ) — Long-term intercompany notes receivable 3,474 215 9 (3,698 ) — Long-term deferred tax assets 479 — — (479 ) — Other long-term assets 248 364 264 (67 ) 809 Investment in consolidated subsidiaries 26,263 5,886 — (32,149 ) — Total assets $ 40,234 $ 39,170 $ 22,557 $ (68,236 ) $ 33,725 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued liabilities $ 334 $ 681 $ 522 $ — $ 1,537 Short-term and current portion of long-term borrowings 267 61 276 — 604 Settlement obligations (a) — 3,766 4,011 — 7,777 Intercompany notes payable — — 1 (1 ) — Total current liabilities 601 4,508 4,810 (1 ) 9,918 Long-term borrowings 18,675 182 — — 18,857 Long-term deferred tax liabilities — 836 86 (479 ) 443 Long-term intercompany payables 19,646 7,111 5,085 (31,842 ) — Long-term intercompany notes payable 224 3,383 91 (3,698 ) — Other long-term liabilities 463 278 149 (67 ) 823 Total liabilities 39,609 16,298 10,221 (36,087 ) 30,041 Redeemable equity interest — — 73 (73 ) — Redeemable noncontrolling interest — — — 73 73 First Data Corporation stockholders' equity 625 22,872 6,277 (29,149 ) 625 Noncontrolling interests — — 100 2,886 2,986 Equity of consolidated alliance — — 5,886 (5,886 ) — Total equity 625 22,872 12,263 (32,149 ) 3,611 Total liabilities and equity $ 40,234 $ 39,170 $ 22,557 $ (68,236 ) $ 33,725 (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, 2015 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated ASSETS Current assets: Cash and cash equivalents $ 105 $ 16 $ 308 $ — $ 429 Accounts receivable, net of allowance for doubtful accounts — 826 1,000 — 1,826 Settlement assets (a) — 4,273 3,877 — 8,150 Intercompany notes receivable 436 86 10 (532 ) — Other current assets 98 188 95 — 381 Total current assets 639 5,389 5,290 (532 ) 10,786 Property and equipment, net of accumulated depreciation 37 640 274 — 951 Goodwill — 9,139 7,707 — 16,846 Customer relationships, net of accumulated amortization — 1,235 901 — 2,136 Other intangibles, net of accumulated amortization 604 703 476 — 1,783 Investment in affiliates 5 900 143 — 1,048 Long-term intercompany receivables 8,523 15,192 6,321 (30,036 ) — Long-term intercompany notes receivable 3,415 236 9 (3,660 ) — Long-term deferred tax assets 524 — — (524 ) — Other long-term assets 259 358 265 (70 ) 812 Investment in consolidated subsidiaries 25,692 5,588 — (31,280 ) — Total assets $ 39,698 $ 39,380 $ 21,386 $ (66,102 ) $ 34,362 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued liabilities $ 283 $ 792 $ 564 $ — $ 1,639 Short-term and current portion of long-term borrowings 740 70 46 — 856 Settlement obligations (a) — 4,273 3,877 — 8,150 Intercompany notes payable 96 408 28 (532 ) — Total current liabilities 1,119 5,543 4,515 (532 ) 10,645 Long-term borrowings 18,616 119 2 — 18,737 Long-term deferred tax liabilities — 875 80 (524 ) 431 Long-term intercompany payables 18,583 6,874 4,579 (30,036 ) — Long-term intercompany notes payable 245 3,353 62 (3,660 ) — Other long-term liabilities 467 288 127 (70 ) 812 Total liabilities 39,030 17,052 9,365 (34,822 ) 30,625 Redeemable equity interest — — 77 (77 ) — Redeemable noncontrolling interest — — — 77 77 First Data Corporation stockholders' equity 668 22,328 5,933 (28,261 ) 668 Noncontrolling interests — — 88 2,904 2,992 Equity of consolidated alliance — — 5,923 (5,923 ) — Total equity 668 22,328 11,944 (31,280 ) 3,660 Total liabilities and equity $ 39,698 $ 39,380 $ 21,386 $ (66,102 ) $ 34,362 (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 consolidated statements of cash flows	CONSOLIDATED STATEMENTS OF CASH FLOWS Three months ended March 31, 2016 (in millions) FDC Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Consolidation Adjustments Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (56 ) $ 185 $ 147 $ (282 ) $ (6 ) 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) 1 164 97 — 262 Charges (gains) related to other operating expenses and other income (expense) 14 7 (6 ) — 15 Loss on debt extinguishment 46 — — — 46 Stock-based compensation expense 115 — — — 115 Other non-cash and non-operating items, net (216 ) (51 ) (15 ) 282 — Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities 59 (83 ) (22 ) — (46 ) Net cash (used in) provided by operating activities (37 ) 222 201 — 386 CASH FLOWS FROM INVESTING ACTIVITIES Additions to property and equipment — (13 ) (40 ) — (53 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (51 ) (13 ) — (64 ) Other investing activities, net 13 53 — (72 ) (6 ) Net cash provided by (used in) investing activities 13 (11 ) (53 ) (72 ) (123 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net 269 — 229 — 498 Proceeds from issuance of long-term debt 896 — — — 896 Payment of call premiums and debt issuance cost (43 ) — — — (43 ) Principal payments on long-term debt (1,637 ) (12 ) (2 ) — (1,651 ) Payment of taxes related to net settlement of equity awards (39 ) — — — (39 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (8 ) (50 ) (58 ) Distributions paid to equity holders — — (103 ) 103 — Other financing activities, net 16 8 (19 ) 19 24 Intercompany 459 (202 ) (257 ) — — Net cash used in financing activities (79 ) (206 ) (160 ) 72 (373 ) Effect of exchange rate changes on cash and cash equivalents — 3 (11 ) — (8 ) Change in cash and cash equivalents (103 ) 8 (23 ) — (118 ) Cash and cash equivalents at beginning of period 105 16 308 — 429 Cash and cash equivalents at end of period $ 2 $ 24 $ 285 $ — $ 311 Three months ended March 31, 2015 (in millions) FDC Parent Guarantor Non- Consolidation Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net (loss) income $ (112 ) $ 185 $ 74 $ (210 ) $ (63 ) 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) 4 170 103 — 277 (Gains) charges related to other operating expenses and other income (expense) (70 ) 2 34 — (34 ) Stock-based compensation expense 7 — — — 7 Other non-cash and non-operating items, net (160 ) (37 ) (7 ) 210 6 (Decrease) increase in cash resulting from changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions (258 ) (76 ) 39 — (295 ) Net cash (used in) provided by operating activities (589 ) 244 243 — (102 ) CASH FLOWS FROM INVESTING ACTIVITIES Additions to property and equipment (4 ) (37 ) (26 ) — (67 ) Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs — (59 ) (19 ) — (78 ) Other investing activities, net 12 59 — (93 ) (22 ) Net cash provided by (used in) investing activities 8 (37 ) (45 ) (93 ) (167 ) CASH FLOWS FROM FINANCING ACTIVITIES Short-term borrowings, net 372 — (35 ) — 337 Principal payments on long-term debt — (16 ) (4 ) — (20 ) Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest — — (8 ) (55 ) (63 ) Distributions paid to equity holders — — (112 ) 112 — Other financing activities, net (1 ) — (36 ) 36 (1 ) Intercompany 223 (191 ) (32 ) — — Net cash provided by (used in) financing activities 594 (207 ) (227 ) 93 253 Effect of exchange rate changes on cash and cash equivalents — 4 (6 ) — (2 ) Change in cash and cash equivalents 13 4 (35 ) — (18 ) Cash and cash equivalents at beginning of period — 23 335 — 358 Cash and cash equivalents at end of period $ 13 $ 27 $ 300 $ — $ 340

Basis of Presentation and Sum36

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
	Mar. 31, 2016	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Amortization of initial payments for new contracts	$ 15	$ 11
Amortization related to equity method investments	$ 9	$ 15

Basis of Presentation and Sum37

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Amounts Associated with Processing Services Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interchange fees and assessments	$ 5,287	$ 4,965
PIN-Debit fees	726	$ 710
Current deferred revenue	137		$ 140
Noncurrent deferred revenue	$ 154		$ 146

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Jan. 15, 2016	Dec. 31, 2015
Short-term borrowings:
Total Short-term borrowings	$ 541		$ 43
Unamortized deferred financing costs	(3)		0
Current portion of long-term borrowings:
Unamortized discount and unamortized deferred financing costs	0		(10)
Other arrangements	3		0
Capital lease obligations	60		73
Total Current portion of long-term borrowings	63		813
Total Short-term and current portion of long-term borrowings	604		856
Long-term borrowings:
Total Long-term borrowings	18,857		18,737
Unamortized discount and unamortized deferred financing costs	(178)		(174)
Other arrangements	19		0
Capital lease obligations	166		122
Total Borrowings	19,461		19,593
Long-term borrowings	19,100		19,600
8.75% Senior secured second lien notes due 2022
Current portion of long-term borrowings:
8.75% Senior secured second lien notes due 2022	$ 0		750
Long-term borrowings:
Interest rate (as a percent)	8.75%	8.75%
Senior secured term loan facility due March 2018 at LIBOR and euro LIBOR plus 3.5% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.5%
Long-term borrowings:
Total Long-term borrowings	$ 4,068		4,938
Senior secured term loan facility due March 2018 at LIBOR and euro LIBOR plus 3.5% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.5% | Euro LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	3.50%
Senior secured term loan facility due March 2018 at LIBOR and euro LIBOR plus 3.5% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.5% | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.50%
Senior secured term loan facility due September 2018 at LIBOR plus 3.5% or a base rate plus 2.5%
Long-term borrowings:
Total Long-term borrowings	$ 1,008		1,008
Senior secured term loan facility due September 2018 at LIBOR plus 3.5% or a base rate plus 2.5% | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	3.50%
Senior secured term loan facility due September 2018 at LIBOR plus 3.5% or a base rate plus 2.5% | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.50%
Senior secured term loan facility due March 2021 at LIBOR and euro LIBOR plus 4.0% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 3.0%
Long-term borrowings:
Total Long-term borrowings	$ 1,179		1,171
Senior secured term loan facility due March 2021 at LIBOR and euro LIBOR plus 4.0% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 3.0% | Euro LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	4.00%
Senior secured term loan facility due March 2021 at LIBOR and euro LIBOR plus 4.0% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 3.0% | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	3.00%
Senior secured term loan facility due July 2022 at LIBOR and euro LIBOR plus 3.75% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.75%
Long-term borrowings:
Total Long-term borrowings	$ 2,487		2,464
Senior secured term loan facility due July 2022 at LIBOR and euro LIBOR plus 3.75% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.75% | Euro LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	3.75%
Senior secured term loan facility due July 2022 at LIBOR and euro LIBOR plus 3.75% or, solely with respect to U.S. dollar-denominated term loans, a base rate plus 2.75% | Base Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.75%
6.75% Senior secured first lien notes due 2020
Long-term borrowings:
Total Long-term borrowings	$ 1,398		1,398
Interest rate (as a percent)	6.75%
5.375% Senior secured first lien notes due 2023
Long-term borrowings:
Total Long-term borrowings	$ 1,210		1,210
Interest rate (as a percent)	5.375%
5.0% Senior secured first lien notes due 2024
Long-term borrowings:
Total Long-term borrowings	$ 1,900		1,000
Interest rate (as a percent)	5.00%
5.75% Senior secured second lien notes due 2024
Long-term borrowings:
Total Long-term borrowings	$ 2,200		2,200
Interest rate (as a percent)	5.75%
7.0% Senior unsecured notes due 2023
Long-term borrowings:
Total Long-term borrowings	$ 3,400		3,400
Interest rate (as a percent)	7.00%
Foreign lines of credit and other arrangements
Short-term borrowings:
Total Short-term borrowings	$ 42		43
Senior secured revolving credit facility
Short-term borrowings:
Total Short-term borrowings	$ 269		0
Senior secured revolving credit facility | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	3.50%
Senior secured revolving credit facility | Prime Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.50%
Accounts receivable securitized loan
Short-term borrowings:
Total Short-term borrowings	$ 233		$ 0
Accounts receivable securitized loan | LIBOR
Long-term borrowings:
Basis spread on variable rate (as a percent)	2.00%
Accounts receivable securitized loan | Federal Funds Rate
Long-term borrowings:
Basis spread on variable rate (as a percent)	0.50%

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	Apr. 13, 2016	Mar. 29, 2016	Jan. 15, 2016	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Nov. 25, 2015
Short-Term Borrowings
Borrowings				$ 541,000,000		$ 43,000,000
Long-term borrowings				18,857,000,000		18,737,000,000
Loss on debt extinguishment				46,000,000	$ 0
Subsidiaries | Collateral pledged
Short-Term Borrowings
Receivables transferred to FDR as part of securitization program				310,000,000
Short-term foreign lines of credit and other arrangements
Short-Term Borrowings
Amount outstanding and uncommitted				21,000,000		17,000,000
Accounts receivable securitized loan
Short-Term Borrowings
Borrowings				$ 233,000,000		0
Accounts receivable securitized loan | LIBOR
Short-Term Borrowings
Basis spread on variable rate (as a percent)				2.00%
Foreign lines of credit and other arrangements
Short-Term Borrowings
Amount available				$ 253,000,000		245,000,000
Foreign lines of credit and other arrangements | US denominated term loan
Short-Term Borrowings
Amount available				75,000,000		75,000,000
Senior secured revolving credit facility
Short-Term Borrowings
Amount available				1,250,000,000
Line of credit facility, remaining borrowing capacity				938,000,000
Letter of credit
Short-Term Borrowings
Amount available				250,000,000
Letters of credit outstanding, amount				$ 43,000,000		42,000,000
Secured debt | Euro-denominated senior secured term loan | Designated
Short-Term Borrowings
Long-term borrowings						1,000,000,000
Secured debt | 5.0% Senior secured first lien notes due 2024
Short-Term Borrowings
Principal amount		$ 900,000,000
Interest rate (as a percent)							5.00%
Loss on debt extinguishment		$ 3,000,000
Secured debt | Term loan due March 2021 | LIBOR
Short-Term Borrowings
Basis spread on variable rate (as a percent)				4.00%
Secured debt | Term loan due March 2021 | Base Rate
Short-Term Borrowings
Basis spread on variable rate (as a percent)				3.00%
Secured debt | Term loan due March 2021 | Subsequent event
Short-Term Borrowings
Principal amount	$ 3,700,000,000
Loss on debt extinguishment	5,000,000
Debt issuance cost	$ 11,000,000
Term loan due March 2021
Short-Term Borrowings
Long-term borrowings				$ 1,179,000,000		$ 1,171,000,000
Term loan due March 2021 | Base Rate
Short-Term Borrowings
Basis spread on variable rate (as a percent)				3.00%
8.75% Senior secured second lien notes due 2022
Short-Term Borrowings
Interest rate (as a percent)			8.75%	8.75%
Loss on debt extinguishment			$ 43,000,000

Stock Compensation Plans - Allo

Stock Compensation Plans - Allocation of Share-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 115	$ 7
Cost of services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	49	0
Selling, general, and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 66	$ 7

Stock Compensation Plans - Narr

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 115	$ 7
Taxes related to net settlement of vested equity awards	39	$ 0
Initial Public Offering
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	52
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	286
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 110
First Data Holdings | Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	14
Weighted average price per share (in dollars per share)	$ 12.54
First Data Holdings | Restricted stock awards and restricted stock units | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	20.00%
First Data Holdings | Restricted stock awards and restricted stock units | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	40.00%
First Data Holdings | Restricted stock awards and restricted stock units | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	40.00%

Net Loss Per Share (Details)

Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Numerator:
Net loss used in computing net loss per share, basic and diluted	$ (56)	$ (112)
Denominator:
Shares used in computing net loss per share, basic and diluted	896,339,379	1,000
Net loss per share, basic and diluted (in dollars per share)	$ (0.06)	$ (112,000)
Anti-dilutive shares excluded from diluted net loss per share	46,345,843	0
Shares outstanding prior to merger			1,000

Segment Information - Schedule

Segment Information - Schedule of Operating Segment Results (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Revenues:
Transaction and processing service fees	[1]	$ 1,591	$ 1,566
Product sales and other	[1]	279	256
Depreciation and amortization		228	245
Adjusted EBITDA		636	563
Operating Segments [Member]
Revenues:
Transaction and processing service fees			1,393
Product sales and other			256
Equity earnings in affiliates			6
Total segment revenues			1,655
Depreciation and amortization			245
Adjusted EBITDA			563
Other operating expenses and other income (expense) excluding divestitures			33
Operating Segments [Member]
Revenues:
Transaction and processing service fees		1,405
Product sales and other		277
Equity earnings in affiliates		11
Total segment revenues		1,693	1,655
Depreciation and amortization		228
Adjusted EBITDA		636
Other operating expenses and other income (expense) excluding divestitures		(15)
Operating Segments [Member] | Global Business Solutions
Revenues:
Transaction and processing service fees		755	769
Product sales and other		189	187
Equity earnings in affiliates		11	6
Total segment revenues		955	962
Depreciation and amortization		103	119
Adjusted EBITDA		376	360
Other operating expenses and other income (expense) excluding divestitures		(17)	9
Operating Segments [Member] | Global Financial Solutions
Revenues:
Transaction and processing service fees		337	319
Product sales and other		49	38
Equity earnings in affiliates		0	0
Total segment revenues		386	357
Depreciation and amortization		94	97
Adjusted EBITDA		155	119
Other operating expenses and other income (expense) excluding divestitures		4	(3)
Operating Segments [Member] | Network & Security Solutions
Revenues:
Transaction and processing service fees		313	305
Product sales and other		39	31
Equity earnings in affiliates		0	0
Total segment revenues		352	336
Depreciation and amortization		27	21
Adjusted EBITDA		151	130
Other operating expenses and other income (expense) excluding divestitures		(2)	0
Corporate
Revenues:
Transaction and processing service fees		0	0
Product sales and other		0	0
Equity earnings in affiliates		0	0
Total segment revenues		0	0
Depreciation and amortization		4	8
Adjusted EBITDA		(46)	(46)
Other operating expenses and other income (expense) excluding divestitures		$ 0	$ 27
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $53 million and $50 million for the three months ended March 31, 2016 and 2015, respectively.

Segment Information - Schedul44

Segment Information - Schedule of Reconciliation of Reportable Segment Amounts to the Consolidated Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting, Revenue Reconciling Item [Line Items]
Reimbursable PIN debit fees, postage, and other	$ 907	$ 873
Total revenues	2,777	2,695
Total Adjusted EBITDA	636	563
Adjustments to reconcile to Net loss attributable to First Data Corporation:
Depreciation and amortization	(238)	(251)
Loss on debt extinguishment	46	0
Income tax expense	(5)	(3)
Stock-based compensation	(115)	(7)
Net loss attributable to First Data Corporation	(56)	(112)
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total segment revenues	1,693	1,655
Total Adjusted EBITDA	636
Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjustments for non wholly owned entities	14	20
ISOs commission expense	163	147
Reimbursable PIN debit fees, postage, and other	907	873
Adjustments to reconcile to Net loss attributable to First Data Corporation:
Adjustments for non wholly owned entities	10	7
Depreciation and amortization	(238)	(251)
Interest expense, net	(263)	(406)
Loss on debt extinguishment	(46)	0
Other items	(35)	(15)
Income tax expense	(5)	(3)
Stock-based compensation	$ (115)	$ (7)

Segment Information - Schedul45

Segment Information - Schedule of Reconciliation of Reportable Segment Depreciation and Amortization Amounts to the Consolidated Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Segment depreciation and amortization	$ 228	$ 245
Amortization of initial payments for new contracts	15	11
Total consolidated depreciation and amortization per unaudited consolidated statements of cash flows	262	277
Amortization of equity method investments	(9)	(15)
Amortization of initial payments for new contracts	(15)	(11)
Total consolidated depreciation and amortization per unaudited consolidated statements of operations	238	251
Segment Reconciling Items
Segment Reporting Information [Line Items]
Adjustments for non wholly owned entities	19	21
Amortization of initial payments for new contracts	15	11
Amortization of equity method investments	(9)	(15)
Amortization of initial payments for new contracts	(15)	(11)
Total consolidated depreciation and amortization per unaudited consolidated statements of operations	$ 238	$ 251

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ 5	$ 3
Effective income tax rate	(500.00%)	(5.00%)
Uncertain income tax liabilities	$ 246
Maximum
Income Tax Contingency [Line Items]
Decrease in liability for unrecognized tax benefits reasonably possible	$ 123

Redeemable Noncontrolling Int47

Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Redeemable noncontrolling interest activity [Roll Forward]
Balance at the beginning of the period	$ 77	$ 70
Distributions	(8)	(8)
Share of income	8	8
Adjustment to redemption value of redeemable noncontrolling interest	(4)	8
Balance at the end of the period	$ 73	$ 78

Derivative Financial Instrume48

Derivative Financial Instruments - Schedule of Notional Amounts of Outstanding Derivative Positions (Details) € in Millions, £ in Millions, CAD in Millions, AUD in Millions, $ in Millions	Mar. 31, 2016EUR (€)	Mar. 31, 2016AUD	Mar. 31, 2016GBP (£)	Mar. 31, 2016CAD	Mar. 31, 2016USD ($)	Jan. 31, 2016USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2015AUD	Dec. 31, 2015GBP (£)	Dec. 31, 2015CAD	Dec. 31, 2015USD ($)
Derivatives, Fair Value [Line Items]
Derivative Assets					$ 123						$ 179
Derivative Liabilities					(41)						(56)
Derivative asset subject to master netting agreements					123						179
Derivative liability subject to master netting agreement					38						51
Net derivative asset					85						128
Derivatives designated as hedges of net investments in foreign operations
Derivatives, Fair Value [Line Items]
Derivative Assets					123						179
Derivative Liabilities					0						0
Derivatives designated as hedges of net investments in foreign operations | Foreign exchange contracts | AUD
Derivatives, Fair Value [Line Items]
Notional Value | AUD		AUD 260						AUD 260
Derivative Assets					55						65
Derivative Liabilities					0						0
Derivatives designated as hedges of net investments in foreign operations | Foreign exchange contracts | EUR
Derivatives, Fair Value [Line Items]
Notional Value | €	€ 0						€ 200
Derivative Assets					0						51
Derivative Liabilities					0						0
Maturity of foreign exchange contracts, net settlement value						$ 49
Derivatives designated as hedges of net investments in foreign operations | Foreign exchange contracts | GBP
Derivatives, Fair Value [Line Items]
Notional Value | £			£ 250						£ 250
Derivative Assets					49						39
Derivative Liabilities					0						0
Derivatives designated as hedges of net investments in foreign operations | Foreign exchange contracts | CAD
Derivatives, Fair Value [Line Items]
Notional Value | CAD				CAD 110						CAD 110
Derivative Assets					19						24
Derivative Liabilities					0						0
Derivatives not designated as hedging instruments | Interest rate contracts | USD
Derivatives, Fair Value [Line Items]
Notional Value					5,000						5,000
Derivative Assets					0						0
Derivative Liabilities					$ (41)						$ (56)

Derivative Financial Instrume49

Derivative Financial Instruments - Schedule of The Effect of Derivative Instruments on the Consolidated Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivatives designated as hedging instruments | Derivatives in net investment hedging relationships | Interest Rate Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Foreign currency translation adjustment in the consolidated statements of comprehensive income (loss) (effective portion)	$ 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 Foreign currency translation adjustment in the consolidated statements of comprehensive income (loss) (effective portion)	(8)	67
Derivatives not designated as hedging instruments | Interest Rate Contracts | Other income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Other income in the consolidated statements of operations	(4)	(5)
Derivatives not designated as hedging instruments | Foreign Exchange Contracts | Other income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in Other income in the consolidated statements of operations	$ 0	$ 3

Derivative Financial Instrume50

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
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income Derivatives Qualifying as Hedges, Net of Tax [Roll Forward]
Accumulated gain included in other comprehensive income (loss) at beginning of the period	$ (1,219)
Increase (decrease) in fair value of derivatives that qualify for hedge accounting, net of tax	(64)	$ (173)
Accumulated gain included in other comprehensive income (loss) at end of the period	(1,285)
Accumulated net gain (loss) from cash flow hedges
Accumulated Other Comprehensive Income Derivatives Qualifying as Hedges, Net of Tax [Roll Forward]
Accumulated gain included in other comprehensive income (loss) at beginning of the period	86	37
Increase (decrease) in fair value of derivatives that qualify for hedge accounting, net of tax	(5)	42
Accumulated gain included in other comprehensive income (loss) at end of the period	$ 81	$ 79

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - Strategic Expense Management Initiative - USD ($) $ in Millions	May. 11, 2016	Mar. 31, 2016
Restructuring Cost and Reserve [Line Items]
Cash payments for restructuring		$ 74
Subsequent Event
Restructuring Cost and Reserve [Line Items]
Anticipated restructuring costs	$ 125
Subsequent Event | Facilities
Restructuring Cost and Reserve [Line Items]
Anticipated restructuring costs	$ 25

Restructuring - Summary of Net

Restructuring - Summary of Net Pretax Benefits (Charges), Incurred by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ (21)	$ (1)
Operating Segments | Global Business Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	(3)	0
Operating Segments | Global Financial Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	(1)	0
Operating Segments | Network & Security Solutions
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	(2)	0
Corporate
Net pretax benefits (charges), incurred by segment [Line items]
Restructuring, net	$ (15)	$ (1)

Restructuring - Summary of Util

Restructuring - Summary of Utilization of Restructuring Accruals (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Utilization of restructuring accruals [Roll Forward]
Restructuring, net	$ 21	$ 1
Employee Severance
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	29
Restructuring, net	21
Cash payments and other	(25)
Remaining accrual at the end of the period	25
Other
Utilization of restructuring accruals [Roll Forward]
Remaining accrual at the beginning of the period	1
Restructuring, net	0
Cash payments and other	(1)
Remaining accrual at the end of the period	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details)	Mar. 31, 2016USD ($)
Minimum
Commitments and contingencies
Possible losses in excess of any amounts accrued	$ 0
Minimum | Patent infringement
Commitments and contingencies
Possible losses in excess of any amounts accrued	0
Minimum | Merchant customer matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	0
Minimum | Other matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	0
Maximum
Commitments and contingencies
Possible losses in excess of any amounts accrued	90,000,000
Maximum | Patent infringement
Commitments and contingencies
Possible losses in excess of any amounts accrued	10,000,000
Maximum | Merchant customer matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	50,000,000
Maximum | Other matters
Commitments and contingencies
Possible losses in excess of any amounts accrued	$ 30,000,000

Investment in Affiliates (Detai

Investment in Affiliates (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Financial information related to operating results
FDC equity earnings	$ 64	$ 51
Unconsolidated significant subsidiary
Investment in Affiliates
Pre-tax loss (as a percent) (more than)	20.00%
Financial information related to operating results
Net operating revenues	$ 218	211
Operating expenses	96	89
Operating income	122	122
Net income	122	122
FDC equity earnings	$ 43	$ 38

Supplemental Financial Inform56

Supplemental Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Supplemental Statement of Operations Information
Derivative financial instruments losses	$ (4)	$ (2)
Divestitures, net gains	0	1
Non-operating foreign currency gains	10	36
Other income	$ 6	$ 35

Supplemental Guarantor Conden57

Supplemental Guarantor Condensed Consolidating Financial Statements - Narrative (Details)	3 Months Ended
	Mar. 31, 2016
Guarantor Subsidiaries
Debt Instrument [Line Items]
Ownership percentage in Guarantors	100.00%
Percentage of Company's Covenant EBITDA	10.00%
Guarantor Subsidiaries | Minimum
Debt Instrument [Line Items]
Ownership percentage in Guarantors	50.00%
7.0% Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	7.00%
5.0% Senior secured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	5.00%
5.375% Senior secured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	5.375%
6.75% Senior secured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	6.75%
5.75% Senior secured second lien notes due 2024
Debt Instrument [Line Items]
Interest rate (as a percent)	5.75%

Supplemental Guarantor Conden58

Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule of Operations (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Revenues:
Transaction and processing service fees	[1]	$ 1,591	$ 1,566
Product sales and other	[1]	279	256
Total revenues (excluding reimbursable items)		1,870	1,822
Reimbursable PIN debit fees, postage, and other		907	873
Total revenues		2,777	2,695
Expenses:
Cost of services (exclusive of items shown below)		731	714
Cost of products sold		78	76
Selling, general, and administrative		564	520
Depreciation and amortization		238	251
Other operating (income) expenses		21	1
Total expenses (excluding reimbursable items)		1,632	1,562
Reimbursable PIN debit fees, postage, and other		907	873
Total expenses		2,539	2,435
Operating (loss) profit		238	260
Interest expense, net		(263)	(406)
Loss on debt extinguishment		(46)	0
Interest income (expense) from intercompany notes		0	0
Other (expense) income		6	35
Equity earnings from consolidated subsidiaries		0	0
(Loss) income before income taxes and equity earnings in affiliates		(65)	(111)
Income tax (benefit) expense		5	3
Equity earnings in affiliates		64	51
Net (loss) income		(6)	(63)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		50	49
Net (loss) income attributable to First Data Corporation		(56)	(112)
Comprehensive (loss) income		(70)	(230)
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		52	38
Comprehensive loss attributable to First Data Corporation		(122)	(268)
Reportable Legal Entities | FDC Parent Company
Revenues:
Transaction and processing service fees		0	0
Product sales and other		0	0
Total revenues (excluding reimbursable items)		0	0
Reimbursable PIN debit fees, postage, and other		0	0
Total revenues		0	0
Expenses:
Cost of services (exclusive of items shown below)		0	0
Cost of products sold		0	0
Selling, general, and administrative		166	32
Depreciation and amortization		1	4
Other operating (income) expenses		12	(1)
Total expenses (excluding reimbursable items)		179	35
Reimbursable PIN debit fees, postage, and other		0	0
Total expenses		179	35
Operating (loss) profit		(179)	(35)
Interest expense, net		(256)	(402)
Loss on debt extinguishment		(46)
Interest income (expense) from intercompany notes		63	81
Other (expense) income		(2)	69
Equity earnings from consolidated subsidiaries		226	172
(Loss) income before income taxes and equity earnings in affiliates		(194)	(115)
Income tax (benefit) expense		(138)	(3)
Equity earnings in affiliates		0	0
Net (loss) income		(56)	(112)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		0	0
Net (loss) income attributable to First Data Corporation		(56)	(112)
Comprehensive (loss) income		(122)	(267)
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		0	0
Comprehensive loss attributable to First Data Corporation		(122)	(267)
Reportable Legal Entities | Guarantor Subsidiaries
Revenues:
Transaction and processing service fees		948	914
Product sales and other		194	165
Total revenues (excluding reimbursable items)		1,142	1,079
Reimbursable PIN debit fees, postage, and other		622	601
Total revenues		1,764	1,680
Expenses:
Cost of services (exclusive of items shown below)		406	405
Cost of products sold		70	53
Selling, general, and administrative		254	287
Depreciation and amortization		149	150
Other operating (income) expenses		7	2
Total expenses (excluding reimbursable items)		886	897
Reimbursable PIN debit fees, postage, and other		622	601
Total expenses		1,508	1,498
Operating (loss) profit		256	182
Interest expense, net		(5)	(3)
Loss on debt extinguishment		0
Interest income (expense) from intercompany notes		(62)	(77)
Other (expense) income		0	0
Equity earnings from consolidated subsidiaries		56	38
(Loss) income before income taxes and equity earnings in affiliates		245	140
Income tax (benefit) expense		115	3
Equity earnings in affiliates		55	48
Net (loss) income		185	185
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		0	0
Net (loss) income attributable to First Data Corporation		185	185
Comprehensive (loss) income		198	158
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		0	0
Comprehensive loss attributable to First Data Corporation		198	158
Reportable Legal Entities | Non-Guarantor Subsidiaries
Revenues:
Transaction and processing service fees		718	725
Product sales and other		117	105
Total revenues (excluding reimbursable items)		835	830
Reimbursable PIN debit fees, postage, and other		285	272
Total revenues		1,120	1,102
Expenses:
Cost of services (exclusive of items shown below)		352	382
Cost of products sold		40	37
Selling, general, and administrative		192	201
Depreciation and amortization		88	97
Other operating (income) expenses		2	0
Total expenses (excluding reimbursable items)		674	717
Reimbursable PIN debit fees, postage, and other		285	272
Total expenses		959	989
Operating (loss) profit		161	113
Interest expense, net		(2)	(1)
Loss on debt extinguishment		0
Interest income (expense) from intercompany notes		(1)	(4)
Other (expense) income		8	(34)
Equity earnings from consolidated subsidiaries		0	0
(Loss) income before income taxes and equity earnings in affiliates		166	74
Income tax (benefit) expense		28	3
Equity earnings in affiliates		9	3
Net (loss) income		147	74
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		19	16
Net (loss) income attributable to First Data Corporation		128	58
Comprehensive (loss) income		150	(156)
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		21	5
Comprehensive loss attributable to First Data Corporation		129	(161)
Consolidation Adjustments
Revenues:
Transaction and processing service fees		(75)	(73)
Product sales and other		(32)	(14)
Total revenues (excluding reimbursable items)		(107)	(87)
Reimbursable PIN debit fees, postage, and other		0	0
Total revenues		(107)	(87)
Expenses:
Cost of services (exclusive of items shown below)		(27)	(73)
Cost of products sold		(32)	(14)
Selling, general, and administrative		(48)	0
Depreciation and amortization		0	0
Other operating (income) expenses		0	0
Total expenses (excluding reimbursable items)		(107)	(87)
Reimbursable PIN debit fees, postage, and other		0	0
Total expenses		(107)	(87)
Operating (loss) profit		0	0
Interest expense, net		0	0
Loss on debt extinguishment		0
Interest income (expense) from intercompany notes		0	0
Other (expense) income		0	0
Equity earnings from consolidated subsidiaries		(282)	(210)
(Loss) income before income taxes and equity earnings in affiliates		(282)	(210)
Income tax (benefit) expense		0	0
Equity earnings in affiliates		0	0
Net (loss) income		(282)	(210)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest		31	33
Net (loss) income attributable to First Data Corporation		(313)	(243)
Comprehensive (loss) income		(296)	35
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interest		31	33
Comprehensive loss attributable to First Data Corporation		$ (327)	$ 2
[1]	Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $53 million and $50 million for the three months ended March 31, 2016 and 2015, respectively.

Supplemental Guarantor Conden59

Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule of Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 311	$ 429	$ 340	$ 358
Accounts receivable, net of allowance for doubtful accounts	1,768	1,826
Settlement assets	7,777	8,150
Intercompany notes receivable	0	0
Other current assets	359	381
Total current assets	10,215	10,786
Property and equipment, net of accumulated depreciation	964	951
Goodwill	16,862	16,846
Customer relationships, net of accumulated amortization	2,043	2,136
Other intangibles, net of accumulated amortization	1,792	1,783
Investment in affiliates	1,040	1,048
Long-term intercompany receivables	0	0
Long-term intercompany notes receivable	0	0
Long-term deferred tax assets	0	0
Other long-term assets	809	812
Investment in consolidated subsidiaries	0	0
Total assets	33,725	34,362
Current liabilities:
Accounts payable and accrued liabilities	1,537	1,639
Short-term and current portion of long-term borrowings	604	856
Settlement obligations	7,777	8,150
Intercompany notes payable	0	0
Total current liabilities	9,918	10,645
Long-term borrowings	18,857	18,737
Long-term deferred tax liabilities	443	431
Long-term intercompany payables	0	0
Long-term intercompany notes payable	0	0
Other long-term liabilities	823	812
Total liabilities	30,041	30,625
Redeemable equity interest	0	0
Redeemable noncontrolling interest	73	77	78	70
First Data Corporation stockholders' equity	625	668
Noncontrolling interests	2,986	2,992
Equity of consolidated alliance	0	0
Total equity	3,611	3,660	2,234	2,530
Total liabilities and equity	33,725	34,362
Reportable Legal Entities | FDC Parent Company
Current assets:
Cash and cash equivalents	2	105	13	0
Accounts receivable, net of allowance for doubtful accounts	0	0
Settlement assets	0	0
Intercompany notes receivable	1	436
Other current assets	86	98
Total current assets	89	639
Property and equipment, net of accumulated depreciation	37	37
Goodwill	0	0
Customer relationships, net of accumulated amortization	0	0
Other intangibles, net of accumulated amortization	604	604
Investment in affiliates	4	5
Long-term intercompany receivables	9,036	8,523
Long-term intercompany notes receivable	3,474	3,415
Long-term deferred tax assets	479	524
Other long-term assets	248	259
Investment in consolidated subsidiaries	26,263	25,692
Total assets	40,234	39,698
Current liabilities:
Accounts payable and accrued liabilities	334	283
Short-term and current portion of long-term borrowings	267	740
Settlement obligations	0	0
Intercompany notes payable	0	96
Total current liabilities	601	1,119
Long-term borrowings	18,675	18,616
Long-term deferred tax liabilities	0	0
Long-term intercompany payables	19,646	18,583
Long-term intercompany notes payable	224	245
Other long-term liabilities	463	467
Total liabilities	39,609	39,030
Redeemable equity interest	0	0
Redeemable noncontrolling interest	0	0
First Data Corporation stockholders' equity	625	668
Noncontrolling interests	0	0
Equity of consolidated alliance	0	0
Total equity	625	668
Total liabilities and equity	40,234	39,698
Reportable Legal Entities | Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	24	16	27	23
Accounts receivable, net of allowance for doubtful accounts	496	826
Settlement assets	3,766	4,273
Intercompany notes receivable	0	86
Other current assets	171	188
Total current assets	4,457	5,389
Property and equipment, net of accumulated depreciation	646	640
Goodwill	9,145	9,139
Customer relationships, net of accumulated amortization	1,182	1,235
Other intangibles, net of accumulated amortization	703	703
Investment in affiliates	889	900
Long-term intercompany receivables	15,683	15,192
Long-term intercompany notes receivable	215	236
Long-term deferred tax assets	0	0
Other long-term assets	364	358
Investment in consolidated subsidiaries	5,886	5,588
Total assets	39,170	39,380
Current liabilities:
Accounts payable and accrued liabilities	681	792
Short-term and current portion of long-term borrowings	61	70
Settlement obligations	3,766	4,273
Intercompany notes payable	0	408
Total current liabilities	4,508	5,543
Long-term borrowings	182	119
Long-term deferred tax liabilities	836	875
Long-term intercompany payables	7,111	6,874
Long-term intercompany notes payable	3,383	3,353
Other long-term liabilities	278	288
Total liabilities	16,298	17,052
Redeemable equity interest	0	0
Redeemable noncontrolling interest	0	0
First Data Corporation stockholders' equity	22,872	22,328
Noncontrolling interests	0	0
Equity of consolidated alliance	0	0
Total equity	22,872	22,328
Total liabilities and equity	39,170	39,380
Reportable Legal Entities | Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	285	308	300	335
Accounts receivable, net of allowance for doubtful accounts	1,272	1,000
Settlement assets	4,011	3,877
Intercompany notes receivable	0	10
Other current assets	102	95
Total current assets	5,670	5,290
Property and equipment, net of accumulated depreciation	281	274
Goodwill	7,717	7,707
Customer relationships, net of accumulated amortization	861	901
Other intangibles, net of accumulated amortization	485	476
Investment in affiliates	147	143
Long-term intercompany receivables	7,123	6,321
Long-term intercompany notes receivable	9	9
Long-term deferred tax assets	0	0
Other long-term assets	264	265
Investment in consolidated subsidiaries	0	0
Total assets	22,557	21,386
Current liabilities:
Accounts payable and accrued liabilities	522	564
Short-term and current portion of long-term borrowings	276	46
Settlement obligations	4,011	3,877
Intercompany notes payable	1	28
Total current liabilities	4,810	4,515
Long-term borrowings	0	2
Long-term deferred tax liabilities	86	80
Long-term intercompany payables	5,085	4,579
Long-term intercompany notes payable	91	62
Other long-term liabilities	149	127
Total liabilities	10,221	9,365
Redeemable equity interest	73	77
Redeemable noncontrolling interest	0	0
First Data Corporation stockholders' equity	6,277	5,933
Noncontrolling interests	100	88
Equity of consolidated alliance	5,886	5,923
Total equity	12,263	11,944
Total liabilities and equity	22,557	21,386
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	(1)	(532)
Other current assets	0	0
Total current assets	(1)	(532)
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	(31,842)	(30,036)
Long-term intercompany notes receivable	(3,698)	(3,660)
Long-term deferred tax assets	(479)	(524)
Other long-term assets	(67)	(70)
Investment in consolidated subsidiaries	(32,149)	(31,280)
Total assets	(68,236)	(66,102)
Current liabilities:
Accounts payable and accrued liabilities	0	0
Short-term and current portion of long-term borrowings	0	0
Settlement obligations	0	0
Intercompany notes payable	(1)	(532)
Total current liabilities	(1)	(532)
Long-term borrowings	0	0
Long-term deferred tax liabilities	(479)	(524)
Long-term intercompany payables	(31,842)	(30,036)
Long-term intercompany notes payable	(3,698)	(3,660)
Other long-term liabilities	(67)	(70)
Total liabilities	(36,087)	(34,822)
Redeemable equity interest	(73)	(77)
Redeemable noncontrolling interest	73	77
First Data Corporation stockholders' equity	(29,149)	(28,261)
Noncontrolling interests	2,886	2,904
Equity of consolidated alliance	(5,886)	(5,923)
Total equity	(32,149)	(31,280)
Total liabilities and equity	$ (68,236)	$ (66,102)

Supplemental Guarantor Conden60

Supplemental Guarantor Condensed Consolidating Financial Statements - Schedule of the Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (6)	$ (63)
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)	262	277
(Gains) charges related to other operating expenses and other income (expense)	15	(34)
Loss on debt extinguishment	46	0
Stock-based compensation expense	115	7
Other non-cash and non-operating items, net	0	6
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities	(46)	(295)
Net cash provided by (used in) operating activities	386	(102)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	(53)	(67)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs	(64)	(78)
Other investing activities, net	(6)	(22)
Net cash provided by (used in) investing activities	(123)	(167)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net	498	337
Proceeds from issuance of long-term debt	896	0
Payment of call premiums and debt issuance cost	(43)
Principal payments on long-term debt	(1,651)	(20)
Payment of taxes related to net settlement of equity awards	(39)	0
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	(58)	(63)
Distributions paid to equity holders	0	0
Other financing activities, net	24	(1)
Intercompany	0	0
Net cash (used in) provided by financing activities	(373)	253
Effect of exchange rate changes on cash and cash equivalents	(8)	(2)
Change in cash and cash equivalents	(118)	(18)
Cash and cash equivalents at beginning of period	429	358
Cash and cash equivalents at end of period	311	340
Reportable Legal Entities | FDC Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	(56)	(112)
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)	1	4
(Gains) charges related to other operating expenses and other income (expense)	14	(70)
Loss on debt extinguishment	46
Stock-based compensation expense	115	7
Other non-cash and non-operating items, net	(216)	(160)
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities	59	(258)
Net cash provided by (used in) operating activities	(37)	(589)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	0	(4)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs	0	0
Other investing activities, net	13	12
Net cash provided by (used in) investing activities	13	8
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net	269	372
Proceeds from issuance of long-term debt	896
Payment of call premiums and debt issuance cost	(43)
Principal payments on long-term debt	(1,637)	0
Payment of taxes related to net settlement of equity awards	(39)
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	0	0
Distributions paid to equity holders	0	0
Other financing activities, net	16	(1)
Intercompany	459	223
Net cash (used in) provided by financing activities	(79)	594
Effect of exchange rate changes on cash and cash equivalents	0	0
Change in cash and cash equivalents	(103)	13
Cash and cash equivalents at beginning of period	105	0
Cash and cash equivalents at end of period	2	13
Reportable Legal Entities | Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	185	185
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)	164	170
(Gains) charges related to other operating expenses and other income (expense)	7	2
Loss on debt extinguishment	0
Stock-based compensation expense	0	0
Other non-cash and non-operating items, net	(51)	(37)
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities	(83)	(76)
Net cash provided by (used in) operating activities	222	244
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	(13)	(37)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs	(51)	(59)
Other investing activities, net	53	59
Net cash provided by (used in) investing activities	(11)	(37)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net	0	0
Proceeds from issuance of long-term debt	0
Payment of call premiums and debt issuance cost	0
Principal payments on long-term debt	(12)	(16)
Payment of taxes related to net settlement of equity awards	0
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	0	0
Distributions paid to equity holders	0	0
Other financing activities, net	8	0
Intercompany	(202)	(191)
Net cash (used in) provided by financing activities	(206)	(207)
Effect of exchange rate changes on cash and cash equivalents	3	4
Change in cash and cash equivalents	8	4
Cash and cash equivalents at beginning of period	16	23
Cash and cash equivalents at end of period	24	27
Reportable Legal Entities | Non-Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	147	74
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)	97	103
(Gains) charges related to other operating expenses and other income (expense)	(6)	34
Loss on debt extinguishment	0
Stock-based compensation expense	0	0
Other non-cash and non-operating items, net	(15)	(7)
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities	(22)	39
Net cash provided by (used in) operating activities	201	243
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	(40)	(26)
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs	(13)	(19)
Other investing activities, net	0	0
Net cash provided by (used in) investing activities	(53)	(45)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net	229	(35)
Proceeds from issuance of long-term debt	0
Payment of call premiums and debt issuance cost	0
Principal payments on long-term debt	(2)	(4)
Payment of taxes related to net settlement of equity awards	0
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	(8)	(8)
Distributions paid to equity holders	(103)	(112)
Other financing activities, net	(19)	(36)
Intercompany	(257)	(32)
Net cash (used in) provided by financing activities	(160)	(227)
Effect of exchange rate changes on cash and cash equivalents	(11)	(6)
Change in cash and cash equivalents	(23)	(35)
Cash and cash equivalents at beginning of period	308	335
Cash and cash equivalents at end of period	285	300
Consolidation Adjustments
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	(282)	(210)
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
(Gains) charges related to other operating expenses and other income (expense)	0	0
Loss on debt extinguishment	0
Stock-based compensation expense	0	0
Other non-cash and non-operating items, net	282	210
Increase (decrease) in cash, excluding the effects of acquisitions and dispositions, resulting from changes in operating assets and liabilities	0	0
Net cash provided by (used in) operating activities	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	0	0
Payments to secure customer service contracts, including outlays for conversion, and capitalized systems development costs	0	0
Other investing activities, net	(72)	(93)
Net cash provided by (used in) investing activities	(72)	(93)
CASH FLOWS FROM FINANCING ACTIVITIES
Short-term borrowings, net	0	0
Proceeds from issuance of long-term debt	0
Payment of call premiums and debt issuance cost	0
Principal payments on long-term debt	0	0
Payment of taxes related to net settlement of equity awards	0
Distributions and dividends paid to noncontrolling interests and redeemable noncontrolling interest	(50)	(55)
Distributions paid to equity holders	103	112
Other financing activities, net	19	36
Intercompany	0	0
Net cash (used in) provided by financing activities	72	93
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