View Filing Data

Document and Company Information - USD ($)	9 Months Ended
Document and Company Information - USD ($)	Sep. 30, 2009	Oct. 01, 2009	Jun. 30, 2008
Document and Company Information [Abstract]
Entity Registrant Name	Fidelity National Information Services, Inc.
Entity Central Index Key	0001136893
Document Type	10-Q
Document Period End Date	Sep. 30, 2009
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 6,785,962,978
Entity Common Stock, Shares Outstanding		372,478,486

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2009	Dec. 31, 2008
Current assets:
Cash and cash equivalents	$ 205.6	$ 220.9
Settlement deposits	44.8	31.4
Trade receivables, net of allowance for doubtful accounts of $40.3 and $40.6 at September 30, 2009 and December 31, 2008, respectively	518.1	538.1
Settlement receivables	39.8	52.1
Other receivables	74.4	121.1
Receivable from FNF and LPS	7.0	10.1
Prepaid expenses and other current assets	89.2	115.1
Deferred income taxes	78.4	77.4
Total current assets	1,057.3	1,166.2
Property and equipment, net of accumulated depreciation of $298.8 and $244.4 at September 30, 2009 and December 31, 2008, respectively	263.3	272.6
Goodwill	4,205.7	4,194.0
Intangible assets, net of accumulated amortization of $579.0 and $499.3 at September 30, 2009 and December 31, 2008, respectively	902.7	924.3
Computer software, net of accumulated amortization of $413.3 and $345.7 at September 30, 2009 and December 31, 2008, respectively	664.3	617.0
Deferred contract costs	256.4	241.2
Long term note receivable from FNF	0.0	5.5
Other noncurrent assets	80.8	79.6
Total assets	7,430.5	7,500.4
Current liabilities:
Accounts payable and accrued liabilities	362.2	386.2
Due to joint venture partners	71.0	58.6
Settlement payables	89.1	83.3
Current portion of long-term debt	195.8	105.5
Deferred revenues	167.8	182.9
Total current liabilities	885.9	816.5
Deferred revenues	92.3	86.7
Deferred income taxes	354.0	332.7
Long-term debt, excluding current portion	1,947.9	2,409.0
Other long-term liabilities	118.5	158.5
Total liabilities	3,398.6	3,803.4
FIS stockholders' equity:
Preferred stock $0.01 par value; 200.0 shares authorized, none issued and outstanding at September 30, 2009 and December 31, 2008	0.0	0.0
Common stock $0.01 par value; 600.0 shares authorized, 200.2 shares issued at September 30, 2009 and December 31, 2008, respectively	2.0	2.0
Additional paid in capital	2,909.1	2,959.8
Retained earnings	1,207.1	1,076.1
Accumulated other comprehensive earnings (loss)	44.6	(102.3)
Treasury stock, $0.01 par value, 7.6 and 9.3 shares at September 30, 2009 and December 31, 2008, respectively	(308.7)	(402.8)
Total FIS stockholders' equity	3,854.1	3,532.8
Noncontrolling interest	177.8	164.2
Total equity	4,031.9	3,697.0
Total liabilities and equity	$ 7,430.5	$ 7,500.4

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) shares in Millions	Sep. 30, 2009	Dec. 31, 2008
Current assets:
Allowance for doubtful accounts	$ 40,300,000	$ 40,600,000
Accumulated depreciation, Property and equipment	298,800,000	244,400,000
Accumulated amortization, Intangible assets	579,000,000	499,300,000
Accumulated amortization, Computer software	413,300,000	345,700,000
FIS stockholders' equity:
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	200.0	200.0
Preferred stock, shares issued	0.0	0.0
Preferred stock, shares outstanding	0.0	0.0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	600.0	600.0
Common stock, shares issued	200.2	200.2
Treasury stock, par value	0.01	0.01
Treasury stock, shares	7.6	9.3

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2009	Sep. 30, 2008	Sep. 30, 2009	Sep. 30, 2008
Statement [Line Items]
Processing and services revenues (for related party activity, see note 3)	$ 850.7	$ 884.0	$ 2,483.3	$ 2,584.0
Cost of revenues (for related party activity, see note 3)	600.5	661.8	1,800.4	1,984.5
Gross profit	250.2	222.2	682.9	599.5
Selling, general, and administrative expenses (for related party activity, see note 3)	92.2	79.9	281.5	308.9
Research and development costs	22.3	22.5	66.4	61.7
Operating income	135.7	119.8	335.0	228.9
Other income (expense):
Interest income	1.4	1.0	2.7	5.3
Interest expense	(33.2)	(47.7)	(97.0)	(130.1)
Other income (expense)	1.4	(0.1)	8.1	0.0
Total other expense	(30.4)	(46.8)	(86.2)	(124.8)
Earnings from continuing operations before income taxes and equity in losses of unconsolidated entities	105.3	73.0	248.8	104.1
Provision for income taxes	36.3	27.0	85.8	33.6
Equity in losses of unconsolidated entities	0.0	0.0	0.0	(0.2)
Earnings from continuing operations, net of tax	69.0	46.0	163.0	70.3
Earnings (losses) from discontinued operations, net of tax	0.0	0.4	(1.7)	119.2
Net earnings	69.0	46.4	161.3	189.5
Net earnings attributable to noncontrolling interest	(1.4)	(2.8)	(1.5)	(3.5)
Net earnings attributable to FIS	$ 67.6	$ 43.6	$ 159.8	$ 186.0
Net earnings per share - basic from continuing operations attributable to FIS common stockholders	$ 0.35	$ 0.23	$ 0.85	$ 0.35
Net earnings (loss) per share - basic from discontinued operations attributable to FIS common stockholders	0	0	(0.01)	0.62
Net earnings per share - basic attributable to FIS common stockholders	$ 0.35	$ 0.23	$ 0.84	$ 0.97
Weighted average shares outstanding - basic	191.1	189.5	190.5	192.2
Net earnings per share - diluted from continuing operations attributable to FIS common stockholders	$ 0.35	$ 0.23	$ 0.84	$ 0.35
Net earnings (loss) per share - diluted from discontinued operations attributable to FIS common stockholders	0	0	(0.01)	0.61
Net earnings per share - diluted attributable to FIS common stockholders	$ 0.35	$ 0.23	$ 0.83	$ 0.96
Weighted average shares outstanding - diluted	194.6	191.8	193.0	194.3
Cash dividends paid per share	$ 0.05	$ 0.05	$ 0.15	$ 0.15
Amounts attributable to FIS common stockholders:
Earnings from continuing operations, net of tax	$ 67.6	$ 43.2	$ 161.5	$ 67.4
Earnings (losses) from discontinued operations, net of tax	0.0	0.4	(1.7)	118.6
Net earnings attributable to FIS	$ 67.6	$ 43.6	$ 159.8	$ 186.0

Condensed Consolidated Statement of Equity (Unaudited) shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2009 USD ($) shares
Common Stock
Statement [Line Items]
Beginning Balance	$ 2.0
Shares, Beginning Balance \| shares	200.2
Other comprehensive earnings, net of tax:
Ending Balance	$ 2.0
Shares, Ending Balance \| shares	200.2
Noncontrolling Interest
Statement [Line Items]
Beginning Balance	$ 164.2
Cash dividends paid ($0.15 per share) and other	(1.8)
Comprehensive Earnings:
Net Earnings	1.5
Other comprehensive earnings, net of tax:
Unrealized gain on foreign currency translation	13.9
Ending Balance	177.8
Additional Paid In Capital
Statement [Line Items]
Beginning Balance	2,959.8
Exercise of stock options	(82.5)
Tax benefit associated with exercise of stock options	4.5
Stock-based compensation	27.3
Other comprehensive earnings, net of tax:
Ending Balance	2,909.1
Treasury Stock
Statement [Line Items]
Beginning Balance	$ (402.8)
Shares, Beginning Balance \| shares	(9.3)
Exercise of stock options	$ 94.1
Exercise of stock options, shares \| shares	1.7
Other comprehensive earnings, net of tax:
Ending Balance	$ (308.7)
Shares, Ending Balance \| shares	(7.6)
Retained Earnings
Statement [Line Items]
Beginning Balance	$ 1,076.1
Cash dividends paid ($0.15 per share) and other	(28.8)
Comprehensive Earnings:
Net Earnings	159.8
Other comprehensive earnings, net of tax:
Ending Balance	1,207.1
Accumulated Other Comprehensive Earnings (Loss)
Statement [Line Items]
Beginning Balance	(102.3)
Other comprehensive earnings, net of tax:
Unrealized gain on investments and derivatives, net	40.9
Unrealized gain on foreign currency translation	106.0
Ending Balance	44.6
Comprehensive Earnings
Comprehensive Earnings:
Net Earnings	161.3
Other comprehensive earnings, net of tax:
Unrealized gain on investments and derivatives, net	40.9
Unrealized gain on foreign currency translation	119.9
Comprehensive earnings:	$ 322.1

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2009	Sep. 30, 2008
Cash flows from operating activities:
Net earnings	$ 161.3	$ 189.5
Adjustment to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	278.4	344.5
Amortization of debt issue costs	2.5	16.0
Loss on sale of company assets	0.0	2.5
Stock-based compensation	27.3	50.6
Deferred income taxes	(24.6)	3.1
Tax benefit associated with exercise of stock options	(4.5)	(0.1)
Equity in losses of unconsolidated entities	0.0	2.3
Changes in assets and liabilities, net of effects from acquisitions:
Net decrease (increase) in trade receivables	134.4	(31.0)
Net decrease (increase) in prepaid expenses and other assets	27.2	(11.4)
Net increase in deferred contract costs	(40.7)	(54.7)
Net increase (decrease) in deferred revenue	(13.7)	(9.3)
Net increase (decrease) in accounts payable, accrued liabilities, and other liabilities	(42.6)	(103.3)
Net cash provided by operating activities	505.0	398.7
Cash flows from investing activities:
Additions to property and equipment	(34.5)	(57.1)
Additions to capitalized software	(111.1)	(146.7)
Other investing activities	0.0	(4.7)
Collection of FNF note	5.9	0.0
Net proceeds from sale of company assets	0.0	33.5
Acquisitions, net of cash acquired	(3.8)	(17.4)
Net cash used in investing activities	(143.5)	(192.4)
Cash flows from financing activities:
Borrowings	2,147.2	3,796.2
Debt service payments	(2,517.0)	(3,839.3)
Tax benefit associated with exercise of stock options	4.5	0.1
Exercise of stock options	11.6	18.7
Cash transferred in LPS spin-off	0.0	(20.8)
Treasury stock purchases	0.0	(236.2)
Cash dividends paid	(30.6)	(28.7)
Net cash used in financing activities	(384.3)	(310.0)
Effect of foreign currency exchange rates on cash	7.5	(13.1)
Net increase (decrease) in cash and cash equivalents	(15.3)	(116.8)
Cash and cash equivalents, beginning of period	220.9	355.3
Cash and cash equivalents, end of period	205.6	238.5
Supplemental cash flow information:
Cash paid for interest	92.9	163.4
Cash paid for taxes	$ 131.1	$ 52.9

Discontinued Operations	9 Months Ended
Discontinued Operations	Sep. 30, 2009
Discontinued Operations [Abstract]
Discontinued Operations	(2) Discontinued Operations During 2008, we discontinued certain operations which are reported as discontinued operations in the Condensed Consolidated Statements of Earnings for the three-month and nine-month periods ended September 30, 2009 and 2008, in accordance with the authoritative guidance for the impairment or disposal of long-lived assets. Interest is allocated to discontinued operations based on debt to be retired and debt specifically identified as related to the respective discontinued operation. *LPS* On July 2, 2008, all of the shares of the common stock, par value $0.0001 per share, of Lender Processing Services, Inc. (“LPS”) were distributed to FIS shareholders through a stock dividend (the “spin-off”). At the time of the distribution, LPS consisted of substantially all the assets, liabilities, businesses and employees related to FIS’ LPS segment. Upon the distribution, FIS shareholders received one-half share of LPS common stock for every share of FIS common stock held as of the close of business on June 24, 2008. The results of operations of the former LPS segment of FIS are reflected as discontinued operations in the Condensed Consolidated Statements of Earnings for the three-month and nine-month periods ended September 30, 2008. FIS’ revenues include revenues from LPS of $913.1 million during the nine-month period ended September 30, 2008. FIS’ earnings before taxes included LPS earnings before taxes of $1.8 million and $188.4 million during the three-month and nine-month periods ended September 30, 2008, respectively. *Certegy Australia, Ltd* On October 13, 2008, we sold Certegy Australia, Ltd. (“Certegy Australia”) for $21.1 million in cash and other consideration, because its operations did not align with our strategic plans. Certegy Australia had revenues of $9.8 million and $26.7 million during the three-month and nine-month periods ended September 30, 2008, respectively. Certegy Australia had earnings (losses) before taxes of $3.4 million during the three-month period ended September 30, 2008 and ($2.4) million and $13.0 million during the nine-month periods ended September 30, 2009 and 2008, respectively. *Certegy Gaming Services, Inc.* On April 1, 2008, we sold Certegy Gaming Services, Inc. (“Certegy Game”) for $25.0 million, realizing a pretax loss of $4.1 million, because its operations did not align with our strategic plans. Certegy Game had revenues of $27.2 million and earnings before taxes of $0.3 million (excluding the pretax loss realized on sale) during the nine-month period ended September 30, 2008. *FIS Credit Services, Inc.* On February 29, 2008, we sold FIS Credit Services, Inc. (“Credit”) for $6.0 million, realizing a pre-tax gain of $1.4 million, because its operations did not align with our strategic plans. Credit had revenues of $1.4 million and losses before taxes of $0.2 million (excluding the pretax gain realized on sale) during the nine-month period ended September 30, 2008. *Homebuilders Financial Network, LLC* During the year ended December 31, 2008, we discontinued and dissolved Homebuilders Financial Network, LLC and its related entities (“HFN”) due to the loss of a major customer. HFN had revenues of $1.4 million and losses before taxes of $4.7 million during the nine-month period ended September 30, 2008.

Related Party Transactions

9 Months Ended

Sep. 30, 2009

Related Party Transactions

(3) Related Party Transactions

We are party to certain related party agreements described below.

Revenues and Expenses

A detail of related party items included in revenues for the three-month and nine-month periods ended September 30, 2009 and 2008 is as follows (in millions):


	Three-month periods ended				Nine-month periods ended
	September 30,				September 30,
	2009		2008		2009		2008
Banco Santander card and item processing revenue	$	30.3	$	28.3	$	74.4	$	71.3
Banco Bradesco card and item processing revenue		30.6		26.6		76.6		71.3
Sedgwick data processing services revenue		10.0		9.9		29.8		29.3
FNF data processing services revenue		12.2		9.1		36.3		31.7
LPS services revenue		1.2		1.8		4.5		5.4

Total revenues	$	84.3	$	75.7	$	221.6	$	209.0

A detail of related party items included in operating expenses (net of expense reimbursements) for the three-month and nine-month periods ended September 30, 2009 and 2008 is as follows (in millions):


	Three-month periods ended				Nine-month periods ended
	September 30,				September 30,
	2009		2008		2009		2008
Equipment and real estate leasing with FNF and LPS	$	5.0	$	4.5	$	15.1	$	14.0
Administrative corporate support and other services with FNF and LPS		1.8		2.3		6.0		6.0

Total expenses	$	6.8	$	6.8	$	21.1	$	20.0

Banco Santander (formerly known as ABN AMRO Real) and Banco Bradesco

In March 2006, we entered into an agreement with ABN AMRO Real (“ABN”) and Banco Bradesco S.A. (“Bradesco”) (collectively, “banks”) to form a venture to provide comprehensive, fully outsourced card processing services to Brazilian card issuers. In exchange for a 51% controlling interest in the venture, we contributed our existing Brazilian card processing business contracts and Brazilian card processing infrastructure and made enhancements to our card processing system to meet the needs of the banks and their affiliates. The banks executed long-term contracts to process their card portfolios with the venture in exchange for an aggregate 49% interest. The accounting entries for this transaction were recorded during 2008 when certain walkaway rights lapsed, resulting in the establishment of a customer intangible asset of $224.2 million and a liability for amounts payable to the banks upon final migration of their respective card portfolios and achieving targeted volumes. This related party payable was $71.0 million and $58.6 million at September 30, 2009 and December 31, 2008, respectively. During the third quarter of 2008, Banco Santander Spain (“Banco Santander”) acquired majority control of ABN AMRO Real Group in Brazil. Since then, Santander has publicly stated its intention to consolidate all Brazilian card processing operations onto its own in-house technology platform, and has notified the joint venture of its desire to exit the relationship. We and Bradesco are currently discussing with Santander the terms on which such an exit would be permitted.

We also provide item processing services to both Bradesco and ABN outside of the Brazilian card processing venture, and expect these services to continue pursuant to their contractual terms.

Sedgwick

We provide data processing services to Sedgwick CMS, Inc. (“Sedgwick”), a company in which Fidelity National Financial, Inc., (“FNF”) holds an approximate 32% equity interest.

FNF

We provide data processing services to FNF consisting primarily of infrastructure support and data center management. Our agreement with FNF runs through June 30, 2013, with an option to renew for one or two additional years, subject to certain early termination provisions (including the payment of minimum monthly service and termination fees). During the 2009 third quarter, FNF entered into a transaction that triggered the repayment of the $5.9 million note payable to FIS. We recorded interest income related to this note of approximately $0.1 million for each of the three-month periods ended September 30, 2009 and 2008 and $0.1 million and $0.3 million for the nine-month periods ended September 30, 2009 and 2008, respectively. Historically, FNF has provided to us, and to a lesser extent we have provided to FNF, certain administrative support services relating to general management and administration. The pricing for these services, both to and from FNF, is at cost. We also incurred expenses for amounts paid by us to FNF under leases of certain personal property and technology equipment.

LPS

We provide transitional services to LPS as a result of the spin-off. In addition, we have entered into certain property management and real estate lease agreements with LPS relating to our Jacksonville corporate headquarters.

We believe the amounts earned from or charged by us under each of the foregoing arrangements are fair and reasonable. We believe our service arrangements are priced within the range of prices we offer to third parties. However, the amounts we earned or that were charged under these arrangements were not negotiated at arm’s-length, and may not represent the terms that we might have obtained from an unrelated third party.

Long Term Debt

9 Months Ended

Sep. 30, 2009

Long-Term Debt [Abstract]

Long-Term Debt

(5) Long-Term Debt

Long-term debt as of September 30, 2009 and December 31, 2008 consisted of the following (in millions):


	September 30,			December 31,
	2009			2008
Term Loan A, secured, interest payable at LIBOR plus 1.00% (1.25% at September 30, 2009), quarterly principal amortization, maturing January 2012	$	1,916.3		$	1,995.0
Revolving Loan, secured, interest payable at LIBOR plus 0.80% (Eurocurrency Borrowings), Fed-funds plus 0.80% (Swingline Borrowings) or Prime plus 0.00% (Base Rate Borrowings) plus 0.20% facility fee (1.05%, 0.87% or 3.25% respectively at September 30, 2009), maturing January 2012 Total of $693.4 million unused as of September 30, 2009		201.2			499.4
Other promissory notes with various interest rates and maturities		26.2			20.1

		2,143.7			2,514.5
Less current portion		(195.8	)		(105.5	)

Long-term debt, excluding current portion	$	1,947.9		$	2,409.0

The fair value of the Company’s long-term debt at September 30, 2009 is estimated to be approximately $64.3 million lower than the carrying value (based on values of trades of our debt made in close proximity to quarter-end). These estimates are subjective in nature and involve uncertainties and significant judgment in the interpretation of current market data. Therefore, the values presented are not necessarily indicative of amounts the Company could realize or settle currently.

Principal maturities of long-term debt at September 30, 2009 are as follows (in millions):


2009 remainder	$	38.2
2010		210.0
2011		171.7
2012		1,723.8

Total	$	2,143.7

Through the eFunds Corporation (“eFunds”) acquisition on September 12, 2007, we assumed $100.0 million in long-term notes payable previously issued by eFunds (the “eFunds Notes”). On February 26, 2008, we redeemed the eFunds Notes for a total of $109.3 million, which included a make-whole premium of $9.3 million.

See also Note 8 for changes in long-term debt subsequent to September 30, 2009.

As of September 30, 2009, we have entered into the following interest rate swap transactions converting a portion of the interest rate exposure on our Term and Revolving Loans from variable to fixed (in millions):


				Bank Pays	FIS pays
Effective Date	Expiration Date	Notional Amount		Variable Rate of(1)	Fixed Rate of(2)
October 11, 2007	October 11, 2009	$	1,000.0	1 Month LIBOR	4.73%
December 11, 2007	December 11, 2009		250.0	1 Month LIBOR	3.80%
April 11, 2007	April 11, 2010		850.0	1 Month LIBOR	4.92%

		$	2,100.0


(1)		0.25% in effect at September 30, 2009 under the agreements.

(2)		In addition to the fixed rates paid under the swaps, we pay an applicable margin to our bank lenders on the Term Loan A of 1.00% and the Revolving Loan of 0.80% (plus a facility fee of 0.20%) as of September 30, 2009.

We have designated these interest rate swaps as cash flow hedges. A portion of the amount included in accumulated other comprehensive earnings is reclassified into interest expense as a yield adjustment as interest payments are made on the Term and Revolving Loans. In accordance with the authoritative guidance for fair value measurements, the inputs used to determine the estimated fair value of our interest rate swaps are Level 2-type measurements. We considered our own credit risk when determining the fair value of our interest rate swaps.

See also Note 8 for interest rate swap activity subsequent to September 30, 2009.

A summary of the fair value of the Company’s derivative instruments is as follows (in millions):

Liability Derivatives

September 30, 2009

December 31, 2008

Fair

Balance Sheet Location

Value

Balance Sheet Location

Value

Interest rate swap contracts

Accounts payable and accrued liabilities

29.4

Accounts payable and accrued liabilities

39.6

Interest rate swap contracts

Other long-term liabilities

—

Other long-term liabilities

44.6

Total derivatives designated as hedging instruments

29.4

84.2

A summary of the effect of derivative instruments on the Company’s Condensed Consolidated Statements of Earnings and recognized in Other Comprehensive Earnings (“OCE”) are as follows (in millions):

Amount of Gain (Loss)

Amount of Gain (Loss) Reclassified

Recognized in OCE on

from Accumulated OCE into

Derivative

Location of Loss

Income

Derivatives in Cash

Three-Month Period

Reclassified from

Three-Month Period

Flow Hedging

Ended September

Accumulated OCE into

Ended September

Relationships

30, 2009

30, 2008

Income

30, 2009

30, 2008

Interest rate swap contracts

2.6

4.3

Interest expense

(23.7

)

(12.0

)

Amount of Gain (Loss) Reclassified

Amount of Gain (Loss) Recognized

from Accumulated OCE into

in OCE on Derivative

Location of Loss

Income

Derivatives in Cash

Nine-Month Period

Reclassified from

Nine-Month Period

Flow Hedging

Ended September

Accumulated OCE into

Ended September

Relationships

30, 2009

30, 2008

Income

30, 2009

30, 2008

Interest rate swap contracts

13.1

32.4

Interest expense

(67.9

)

(30.3

)

Our existing cash flow hedges are highly effective and there is no current impact on earnings due to hedge ineffectiveness. It is our practice to execute such instruments with credit-worthy banks at the time of execution and not to enter into derivative financial instruments for speculative purposes. As of September 30, 2009, we believe that our interest rate swap counterparties will be able to fulfill their obligations under our agreements and we believe we will have debt outstanding through the various expiration dates of the swaps such that the future hedge cash flows remain probable of occurring.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2009

Commitments and Contingencies [Abstract]

Commitments and Contingencies

(6) Commitments and Contingencies

Litigation

In the ordinary course of business, the Company is involved in various pending and threatened litigation matters related to operations, some of which include claims for punitive or exemplary damages. The Company believes that no actions, other than the matters listed below, depart from customary litigation incidental to its business. As background to the disclosure below, please note the following:

	•		These matters raise difficult and complicated factual and legal issues and are subject to many uncertainties and complexities.

	•		The Company reviews these matters on an on-going basis and follows the authoritative provisions for accounting for contingencies when making accrual and disclosure decisions. A liability must be accrued if (a) it is probable that an asset has been impaired or a liability has been incurred and (b) the amount of loss can be reasonably estimated. If one of these criteria has not been met, disclosure is required when there is at least a reasonable possibility that a loss may have been incurred. When assessing reasonably possible and probable outcomes, the Company bases decisions on the assessment of the ultimate outcome following all appeals. Legal fees associated with defending these matters are expensed as incurred.

Litigation Related to the Metavante Merger

During the second quarter of 2009, a putative class action complaint was filed by a purported Metavante shareholder against Metavante, its directors, certain officers, and FIS. The complaint alleges that the Metavante directors and officers breached fiduciary duties to the Metavante shareholders and that Metavante and FIS aided and abetted such breaches. The complaint sought to enjoin the proposed Merger transaction, preliminarily and permanently, and also sought unspecified money damages, attorneys’ fees, and class certification. An amended complaint was subsequently filed adding an additional plaintiff, but it is otherwise the same as the original complaint. The case is Lisa Repinski, et al v. Michael Hayford, et al , Milwaukee County Circuit Court Case No. 09CV5325. A second putative class action containing similar allegations was also filed in the second quarter of 2009 by another purported Metavante shareholder against Metavante and its directors and certain officers. This complaint sought to enjoin the Merger transaction, preliminarily and permanently, and also seeks unspecified money damages, attorneys’ fees, and class certification. The case is Samuel Beren v. Metavante Technologies, Inc. et al., Milwaukee County Circuit Court Case No. 09CV6315. The two cases were consolidated into a single action in the second quarter of 2009 as In re Metavante Technologies, Inc. Shareholder Litigation, No. 09CV5325. The parties signed a Memorandum of Understanding settling the litigation during the third quarter of 2009 that is subject to court approval. The settlement was not material to the Company. The parties have stayed all litigation and the court has executed a protective order to permit confirmatory discovery to take place. Initial court approval is anticipated in the fourth quarter of 2009. After preliminary approval, the class members will be notified and given an opportunity to opt-out of the settlement. After that, the parties will seek final approval of the settlement from the court.

McCormick, April v. Certegy Payment Recovery Services, Inc., et al

This is a putative class action filed in the U.S. District Court for the Northern District of Texas against Certegy Check Services, Inc. and Certegy Payment Recovery Services, Inc. during the first quarter of 2006. The complaint seeks damages and declaratory relief for breach of contract as well as alleged violations of the Fair Debt Collection Practices Act (“FDCPA”), Texas Debt Collections Act, and Texas Deceptive Trade Practices Act (“TDTPA”). The Plaintiff wrote a check to a retailer that was dishonored on presentment. The dishonored check was assigned to Certegy for recovery and collection of associated service charges. The Plaintiff contends that there was no authority to collect a $30 service charge on her bounced check, that the collection letters she received were misleading and that Certegy’s actions were oppressive. Point-of-sale signage indicated that a fee of $25 or the maximum allowed by law would be owed for any bounced check. In addition, the check was stamped at the point-of-sale with a similar statement that the plaintiff signed. The service charge statute in Texas allows a reasonable fee of up to $30 for bounced checks. The court dismissed multiple claims arising out of the FDCPA, including all claims based on alleged misrepresentations or oppressive conduct. The only FDCPA claim remaining is Plaintiff’s claim against Certegy Payment Recovery Services under Section 808. Certegy filed a motion to dismiss the state law claims and a motion for summary judgment as to all counts, arguing that Plaintiff expressly agreed to pay a service charge if her check bounced. The court dismissed the declaratory judgment claim and found that Certegy did not make false, deceptive or misleading representations under the TDTPA; however, the court declined to dismiss the remainder of the state law claims. The Plaintiff filed a motion for class certification, and in the first quarter of 2009 the court granted that motion with respect to the FDCPA claim against Certegy Payment Recovery Services, but denied it with respect to all other claims and against all other defendants. Certegy Payment Recovery Services appealed the decision to the 5th Circuit Court of Appeals. The matter was mediated during the second quarter of 2009 and a settlement agreement regarding all claims was signed and filed with the court for approval during the third quarter of 2009.

Driver’s Privacy Protection Act

A putative class action lawsuit styled Richard Fresco, et al. v. Automotive Directions, Inc. et al., was filed against eFunds and seven other non-related parties in the U.S. District Court for the Southern District of Florida during the second quarter of 2003. The complaint alleged that eFunds purchased motor vehicle records that were used for marketing and other purposes that are not permitted under the Federal Driver’s Privacy Protection Act (“DPPA”). The plaintiffs sought statutory damages, plus costs, attorney’s fees and injunctive relief. eFunds and five of the other seven defendants settled the case with the plaintiffs. That settlement was approved by the court over the objection of a group of Texas drivers and motor vehicle record holders. The plaintiffs have since moved to amend the court’s order approving the settlement in order to seek a greater attorneys’ fee award and to recover supplemental costs. In the meantime, the objectors filed two class action complaints styled Sharon Taylor, et al. v. Biometric Access Company et al. and Sharon Taylor, et al. v. Acxiom et al. in the U.S. District Court for the Eastern District of Texas during the first quarter of 2007 alleging similar violations of the DPPA. The Acxiom action was filed against the Company’s ChexSystems, Inc. subsidiary, while the Biometric suit was filed against the Company’s Certegy Check Services, Inc. subsidiary. The judge recused himself in the action against Certegy because he was a potential member of the class. The lawsuit was then assigned to a new judge and Certegy filed a motion to dismiss. The court granted Certegy’s motion to dismiss with prejudice in the third quarter of 2008. ChexSystems filed a motion to dismiss or stay its action based upon the earlier settlement and the Court granted the motion to stay pending resolution of the Florida case. The court dismissed the ChexSystems’ lawsuit with prejudice against the remaining defendants in the third quarter of 2008. The plaintiffs moved the court to amend the dismissal to exclude defendants that were parties to the Florida settlement. That motion was granted. The plaintiffs then appealed the dismissal. The plaintiffs’ appeals of the dismissals in both lawsuits are pending.

Searcy, Gladys v. eFunds Corporation

This is a nationwide putative class action that was originally filed against eFunds Corporation and its affiliate Deposit Payment Protection Services, Inc. in the U.S. District Court for the Northern District of Illinois during the first quarter of 2008. The complaint seeks damages for an alleged willful violation of the Fair Credit Reporting Act (“FCRA”) in connection with the operation of the Shared Check Authorization Network. Plaintiff’s principal allegation is that consumers did not receive appropriate disclosures pursuant to §1681g of the FCRA because the disclosures did not include: (i) all information in the consumer’s file at the time of the request; (ii) the source of the information in the consumer’s file; and/or (iii) the names of any persons who requested information related to the consumer’s check writing history during the prior year. The Company answered the complaint and is vigorously defending the matter.

In re Lehman Bros. Holdings et al.

This is an action filed against Metavante Corporation by Lehman Brothers Special Financing, Inc., as debtor and debtor in possession, together with Lehman Brothers Holding Inc. and its affiliated debtors (collectively, “Lehman”) in the U.S. Bankruptcy Court of the Southern District of New York during the second quarter of 2009. The action seeks performance under an interest rate swap agreement and enforcement of the automatic bankruptcy stay. Lehman alleges that Metavante owes through the third quarter of 2009: (a) reset payments totaling approximately $11.1 million; and (b) $0.7 million in default interest. The bankruptcy court ordered Metavante to make these payments, which Metavante appealed during the fourth quarter of 2009.

Indemnifications and Warranties

The Company often indemnifies its customers against damages and costs resulting from claims of patent, copyright, or trademark infringement associated with use of its software through software licensing agreements. Historically, the Company has not made any payments under such indemnifications, but continues to monitor the conditions that are subject to the indemnifications to identify whether it is probable that a loss has occurred, and would recognize any such losses when they are estimable. In addition, the Company warrants to customers that its software operates substantially in accordance with the software specifications. Historically, no costs have been incurred related to software warranties and none are expected in the future, and as such no accruals for warranty costs have been made.

Segment Information

9 Months Ended

Sep. 30, 2009

Segment Information [Abstract]

Segment Information

(7) Segment Information

Summarized financial information for the Company’s segments is shown in the following tables.

As of and for the three-month period ended September 30, 2009 (in millions):


	Financial		Payment		International		Corporate
	Solutions		Solutions		Solutions		and Other			Total
Processing and services revenues	$	278.2	$	369.5	$	203.5	$	(0.5	)	$	850.7
Operating expenses		179.6		271.8		176.9		86.7			715.0

Operating income	$	98.6	$	97.7	$	26.6	$	(87.2	)		135.7

Other income (expense) unallocated											(30.4	)

Earnings from continuing operations										$	105.3

Depreciation and amortization	$	28.0	$	10.6	$	16.3	$	39.4		$	94.3

Capital expenditures	$	18.3	$	6.3	$	18.0	$	6.8		$	49.4

Total assets	$	2,873.8	$	2,131.4	$	1,494.6	$	872.2		$	7,372.0

Goodwill	$	2,096.2	$	1,676.9	$	432.6	$	—		$	4,205.7

As of and for the three-month period ended September 30, 2008 (in millions):


	Financial		Payment		International		Corporate
	Solutions		Solutions		Solutions		and Other			Total
Processing and services revenues	$	300.2	$	389.1	$	195.4	$	(0.7	)	$	884.0
Operating expenses		199.9		295.2		183.1		86.0			764.2

Operating income	$	100.3	$	93.9	$	12.3	$	(86.7	)		119.8

Other income (expense) unallocated											(46.8	)

Earnings from continuing operations										$	73.0

Depreciation and amortization	$	28.5	$	11.4	$	15.0	$	45.0		$	99.9

Capital expenditures	$	20.1	$	8.2	$	14.3	$	5.6		$	48.2

Total assets	$	2,907.0	$	2,099.4	$	1,197.7	$	1,174.2		$	7,378.3

Goodwill	$	2,109.0	$	1,684.1	$	426.1	$	—		$	4,219.2

As of and for the nine-month period ended September 30, 2009 (in millions):


	Financial		Payment		International		Corporate
	Solutions		Solutions		Solutions		and Other			Total
Processing and services revenues	$	826.5	$	1,114.2	$	544.2	$	(1.6	)	$	2,483.3
Operating expenses		563.6		838.0		492.5		254.2			2,148.3

Operating income	$	262.9	$	276.2	$	51.7	$	(255.8	)		335.0

Other income (expense) unallocated											(86.2	)

Earnings from continuing operations										$	248.8

Depreciation and amortization	$	85.1	$	32.5	$	44.1	$	116.7		$	278.4

Capital expenditures	$	69.4	$	21.2	$	44.9	$	10.1		$	145.6

As of and for the nine-month period ended September 30, 2008 (in millions):


	Financial		Payment		International		Corporate
	Solutions		Solutions		Solutions		and Other			Total
Processing and services revenues	$	861.4	$	1,145.8	$	579.1	$	(2.3	)	$	2,584.0
Operating expenses		613.7		893.5		547.0		300.9			2,355.1

Operating income	$	247.7	$	252.3	$	32.1	$	(303.2	)		228.9

Other income (expense) unallocated											(124.8	)

Earnings from continuing operations										$	104.1

Depreciation and amortization	$	90.0	$	35.6	$	43.6	$	131.9		$	301.1

Capital expenditures	$	62.7	$	27.9	$	79.9	$	7.9		$	178.4

Brazil, Germany and the U.K. accounted for the majority of the revenues from non-U.S. based customers.

Total assets at September 30, 2009 and 2008, exclude $58.5 million and $171.7 million, respectively, related to discontinued operations. Goodwill at September 30, 2008, excludes $12.3 million related to discontinued operations.

Financial Solutions

The Financial Solutions segment focuses on serving the processing needs of financial institutions, commercial lenders, finance companies and other businesses. The Company’s primary software applications function as the underlying infrastructure of a financial institution’s processing environment. These applications include core bank processing software, which banks use to maintain the primary records of their customer accounts. The Company also provides a number of complementary applications and services that interact directly with the core processing applications, including applications that facilitate interactions between the Company’s financial institution customers and their clients. The Company offers applications and services through a range of delivery and service models, including on-site outsourcing and remote processing arrangements, as well as on a licensed software basis for installation on customer-owned and operated systems. The Company also offers technology solutions, ranging in scope from consulting engagements to application development projects and from operations support for a single application to full management of information technology infrastructures. Outsourced customer service teams, both onshore and offshore, are also provided.

Payment Solutions

The Payment Solutions segment focuses on serving the payment processing and risk management needs of financial institutions, retailers and other businesses. This segment includes card issuer services, which enable banks, credit unions, and others to issue VISA and MasterCard credit and debit cards, private label cards, and other electronic payment cards for use by both consumer and business accounts. In addition, this segment provides risk management services to retailers and financial institutions. The Company offers applications and services through a range of delivery and service models, including on-site outsourcing and remote processing arrangements, as well as on a licensed software basis for installation on customer-owned and operated systems.

International Solutions

The International Solutions segment offers both financial solutions and payment solutions to a wide array of international financial institutions. Also, this segment includes the Company’s consolidated Brazilian card processing venture (see note 3). Included in this segment are long-term assets, excluding goodwill and other intangible assets, located outside of the United States totaling $472.2 million and $427.3 million at September 30, 2009 and 2008, respectively. These assets are predominantly located in Germany, Brazil, the U.K. and India.

Corporate and Other

The Corporate and Other segment consists of the corporate overhead costs that are not allocated to operating segments. These include costs related to human resources, finance, legal, accounting, domestic sales and marketing and amortization of acquisition-related intangibles and other costs that are not considered when management evaluates segment performance.

Subsequent Events

9 Months Ended

Sep. 30, 2009

Subsequent Events [Abstract]

Subsequent Events

(8) Subsequent Events

The Company has evaluated transactions, events and circumstances for consideration of recognition or disclosure through November 5, 2009, the date these interim financial statements were issued, and has reflected or disclosed those items within the Condensed Consolidated Financial Statements as deemed appropriate.

Metavante Merger

On October 1, 2009, pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of March 31, 2009, by and among FIS, Merger Sub, and Metavante, Metavante merged with and into Merger Sub, with Merger Sub continuing as the surviving company and a wholly owned subsidiary of FIS in a tax-free reorganization. As a result of the Merger, each outstanding share of Metavante common stock was converted into the right to receive 1.35 shares (the “Exchange Ratio”) or approximately 164.1 million shares of FIS common stock . In addition, outstanding Metavante stock options and other stock-based awards (other than performance shares) converted into stock options and other stock-based awards with respect to shares of FIS common stock, with adjustments in the number of shares and exercise price (in the case of stock options) to reflect the Exchange Ratio. Each outstanding Metavante performance share was assumed by FIS and converted into the right to receive restricted shares of FIS common stock (with adjustments to reflect the Exchange Ratio) and an amount in cash.

Metavante’s wholly owned operating subsidiary, Metavante Corporation (“Metavante Corp”), delivers banking and payments technologies to approximately 8,000 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment transactions, outsourcing, and payment network solutions including the NYCE^® Payment Network, an ATM/PIN debit network.

The combined company is positioned to provide a comprehensive range of integrated solutions to its customers, and has greater geographic reach than any other provider in the industry, which will enhance service to the combined company’s customers.

The following pro forma information presents the results as though FIS and Metavante had combined at the beginning of each respective annual reporting period (in millions):


	Three-month periods ended				Nine-month periods ended
	September 30,				September 30,
	2009		2008		2009		2008
Pro forma processing and services revenues	$	1,255.6	$	1,287.9	$	3,715.3	$	3,796.3
Pro forma net earnings		80.4		48.4		204.4		203.4

These are preliminary estimates and are subject to adjustment as the Company completes its valuation process.

In connection with the merger, the vesting of certain stock-based awards granted under the existing FIS stock award plans accelerated pursuant to the terms applicable to those grants. The charge to compensation expense relating to those grants is approximately $30.0 million and will be recorded in the 2009 fourth quarter.

Investment Agreement

On October 1, 2009, pursuant to an investment agreement with Thomas H. Lee Partners, L.P. (“THL”) and FNF dated as of March 31, 2009, FIS issued and sold (a) to THL in a private placement 12.9 million shares of FIS common stock for an aggregate purchase price of approximately $200 million and (b) to FNF in a private placement 3.2 million shares of FIS common stock for an aggregate purchase price of approximately $50 million. Pursuant to the terms of the investment agreement, FIS paid each of THL and FNF a transaction fee equal to 3% of their respective investments.

Pursuant to the terms of the investment agreement and contingent upon THL maintaining certain ownership levels in FIS common stock, THL has the right to designate one member to the Company’s board of directors. The investment agreement also provides that neither THL nor FNF may transfer the shares purchased in the investments, subject to limited exceptions, for 180 days after the closing.

Long-Term Debt

On October 1, 2009, FIS entered into the following financing arrangements in connection with the Metavante Merger:

(i)

pursuant to that certain debt exchange and joinder agreement dated as of October 1, 2009 (the “Debt Exchange and Joinder Agreement”), by and among FIS, Merger Sub, Metavante Corp, FIS, as loan purchaser, the joinder lenders listed therein, JPMorgan Chase Bank, N.A. (“JPMCB”), as administrative agent under the FIS Credit Agreement (as defined below) and JPMorgan Chase Bank, N.A., as administrative agent under the Metavante Credit Agreement (as defined below) the following actions were taken:

	(a)		FIS created an additional tranche of term loans under that certain credit agreement dated as of January 18, 2007 by and among FIS, the designated borrowers from time to time party thereto, JPMCB as administrative agent, swing line lender and letter of credit issuer, Bank of America, as swing line lender, and the lenders party thereto from time to time (as amended and supplemented through October 1, 2009, including by the Debt Exchange and Joinder Agreement, the “FIS Credit Agreement”) in an aggregate amount of $500.0 million (the “FIS Tranche C Term Loan”);

	(b)		certain lenders under that certain credit agreement dated as of November 1, 2007 by and among Metavante Corp, as borrower, Metavante, JPMCB, as administrative agent, Lehman Commercial Paper Inc., and Baird Financial Corporation, as documentation agents, Morgan Stanley Senior Funding Inc., as syndication agent, and the lenders party thereto from time to time (as amended through October 1, 2009, including by that certain amendment no. 1 to credit agreement dated April 30, 2009, the “Metavante Credit Agreement”), holding $500.0 million of the term loans outstanding thereunder exchanged such amount of such term loans for the FIS Tranche C Term Loan (and such amount of term loans under the Metavante Credit Agreement were deemed to be contemporaneously cancelled);

	(c)		FIS purchased at par in cash an aggregate principal amount of $423.8 million of the remaining term loans held by certain of the lenders under the Metavante Credit Agreement, which loans were deemed to be contemporaneously cancelled (on October 1, 2009, after giving effect to the $500.0 million debt exchange described in the immediately preceding clause (b) and after giving effect to the purchase of the term loans described in this clause (c), an aggregate principal amount of $800.0 million of term loans remained outstanding under the Metavante Credit Agreement);

	(d)		FIS and substantially all of its direct and indirect domestic subsidiaries (other than FIS SPV (as defined below)) guaranteed the obligations of Metavante Corp under the Metavante Credit Agreement; and

	(e)		Merger Sub and substantially all of its direct and indirect domestic subsidiaries (other than Metavante Corp) guaranteed the obligations of FIS under the FIS Credit Agreement; and

(ii)

pursuant to that certain receivables purchase agreement dated as of October 1, 2009 by and among FIS Receivables SPV, LLC (“FIS SPV”), FIS, as servicer, Fidelity Information Services, Inc., Fidelity National Card Services, Inc., eFunds Corporation and Intercept, Inc., as the initial receivables administrators, the banks and other financial institutions party thereto, as purchasers, and JPMCB, as agent for the purchasers (the “FIS Receivables Purchase Agreement”), FIS SPV obtained an accounts receivable securitization facility providing up to $145.0 million in capital funding on October 1, 2009. FIS and substantially all of its direct and indirect domestic subsidiaries have guaranteed the obligations of FIS SPV under the FIS Receivables Purchase Agreement.

The Tranche C Term Loan will mature on January 18, 2012 and bears interest at a per annum rate chosen by FIS from time to time equal to either: (i) 4.25% plus adjusted LIBOR; or (ii) 3.25% plus the greater of (a) the prime interest rate announced by JPMCB or (b) the federal funds effective rate plus 0.5%. The principal balance of the Tranche C Term Loan is repayable as follows: (i) a single quarterly installment of $7.5 million is due on December 31, 2009; (ii) quarterly installments of $10.0 million each are due commencing on March 31, 2010 and continuing on the last day of each calendar quarter thereafter through and including September 30, 2011; and (iii) a final payment of all remaining outstanding principal thereunder is due on January 18, 2012. The FIS Credit Agreement (including the Tranche C Term Loan) remains subject to customary affirmative, negative and financial covenants included in the FIS Credit Agreement, including, among other things, limits on the creation of liens, limits on the incurrence of indebtedness, restrictions on investments and dispositions, limitations on dividends and other restricted payments, a minimum interest coverage ratio and a maximum leverage ratio. Upon an event of default under the FIS Credit Agreement, JPMCB, as administrative agent, can accelerate the maturity of all amounts borrowed under the FIS Credit Agreement (including the Tranche C Term Loan). Events of default include the failure to pay principal and interest in a timely manner and breach of certain covenants.

The accounts receivable securitization facility (“AR Facility”) made available pursuant to the FIS Receivables Purchase Agreement provides that FIS and certain of its wholly owned direct or indirect domestic subsidiaries (collectively with FIS, the “Originators”) will sell all of their now existing and hereafter created accounts receivable to FIS SPV, which will then sell all of such accounts receivable to the purchasers under the FIS Receivables Purchase Agreement in consideration of capital paid by the purchasers in an aggregate amount not to exceed $145.0 million at any time (provided, however, that, if FIS obtains additional commitments from new or existing purchasers, the aggregate amount may be increased by up to an additional $55.0 million, to an overall aggregate capital amount of $200.0 million). The accounts receivable securitization facility will terminate on November 1, 2013, and will accrue yield to the purchasers on outstanding capital at a per annum rate chosen by FIS from time to time equal to either: (i) 3.25% plus adjusted LIBOR; or (ii) 2.25% plus the greater of (a) the prime interest rate announced by JPMCB and (b) the federal funds effective rate plus 0.5%. On November 1, 2013, FIS SPV is required to repurchase from the purchasers under the FIS Receivables Purchase Agreement all outstanding accounts receivable that were sold to the purchasers but have not been collected, for an aggregate purchase price equal to the then outstanding balance of the purchasers’ capital, plus any accrued but unpaid yield thereon. The FIS Receivables Purchase Agreement is subject to customary affirmative, negative and financial covenants, including, among other things, limits on the creation of liens, limits on the incurrence of indebtedness, restrictions on investments and dispositions, limitations on dividends and other restricted payments, a minimum interest coverage ratio and a maximum leverage ratio. Upon an event of termination under the FIS Receivables Purchase Agreement, JPMCB, as agent for the purchasers, can require FIS SPV to repurchase all outstanding accounts receivable that were sold to the purchasers but have not been collected, for an aggregate purchase price equal to the then outstanding balance of the purchasers’ capital, plus any accrued but unpaid yield thereon. Events of termination include the failure to make any payment required under the FIS Receivables Purchase Agreement in a timely manner and breach of certain covenants.

FIS subsequently repaid $200 million of the Tranche C Term Loan.

As a result of the items noted above, the Company’s long-term debt consisted of the following at October 31, 2009 (in millions):


	October 31,
	2009
Term Loan A	$	1,916.3
Metavante Credit Agreement		800.0
Tranche C Term Loan		300.0
Revolving Loan		329.5
AR Facility		—
Other		26.2

		3,372.0
Less current portion		(203.9	)

Long-term debt, excluding current portion	$	3,168.1

On October 1, 2009, the Company terminated the $1,000.0 million swap scheduled to expire on October 11, 2009. Two new swaps with a total combined notional value of $700.0 million were entered into in mid October 2009 that have been designated as cash flow hedges. In conjunction with the Merger, FIS acquired interest rate swaps held by Metavante with a total notional value of $1,700.0 million. Of this total, $900.0 million have been terminated, with the balance of $800.0 million designated as cash flow hedges. As a result of the above transactions, the Company’s interest rate swap position at October 31, 2009 is as follows:


					Bank Pays	FIS pays
Effective Date	Expiration Date	Notional Amount			Variable Rate of	Fixed Rate of
December 11, 2007	December 11, 2009	$	250.0		1 Month LIBOR (4)	3.80% (5)
April 11, 2007	April 11, 2010		850.0		1 Month LIBOR (4)	4.92% (5)
October 20, 2009	April 20, 2011		400.0		1 Month LIBOR (4)	0.99% (5)
October 20, 2009	April 20, 2011		300.0		1 Month LIBOR (4)	0.99% (5)
February 1, 2008	February 1, 2012		600.0	(1)	3 Month LIBOR (2)	3.87% (3)
February 1, 2008	February 1, 2012		200.0		3 Month LIBOR (2)	3.44% (3)

		$	2,600.0


(1)		Notional value amortizes to $400.0 million on February 1, 2010 and $200.0 million on February 1, 2011

(2)		0.48% in effect at October 31, 2009.

(3)		In addition to the fixed rates paid under the swaps, we currently pay an applicable margin of 325 basis points.

(4)		0.24% – 0.25% in effect at October 31, 2009.

(5)		In addition to the fixed rates paid under the swaps, we currently pay an applicable margin to our bank lenders on the Term Loan A of 1.00% and the Revolving Loan of 0.80% (plus a facility fee of 0.20%).

Agreement to Sell ClearPar

On October 29, 2009, the Company entered into an agreement to sell its ClearPar automated syndicated loan trade settlement business to Markit Group Holdings Limited (“Markit”), a financial information services company. The estimated financial impact of the deal will not be material to our consolidated financial position or results of operations. The transaction is expected to close in the fourth quarter of 2009.

Label	Element	Value
Dividends, Cash	us-gaap_DividendsCash	$ (30,600,000)
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition, Value	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	27,300,000
Tax benefit associated with exercise of stock options	us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	4,500,000
Other Comprehensive Income, Foreign Currency Transaction and Translation Adjustment, Net of Tax, Period Increase (Decrease)	us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	(119,900,000)
Exercise of stock options, value	us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised	11,600,000
Unrealized gain on investments and derivatives, net	fis_UnrealizedGainOnInvestmentsAndDerivativesNet	$ 40,900,000

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2009
Basis of Presentation [Abstract]
Basis of Presentation	(1) Basis of Presentation The unaudited financial information included in this report includes the accounts of FIS and its subsidiaries prepared in accordance with U.S. generally accepted accounting principles and the instructions to Form 10-Q and Article 10 of Regulation S-X. All adjustments considered necessary for a fair presentation have been included. This report should be read in conjunction with the Company’s Annual Report on Form 10-K, as amended by the Annual Report on Form 10-K/A, for the year ended December 31, 2008. The preparation of these Condensed Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Certain reclassifications have been made in the 2008 Condensed Consolidated Financial Statements to conform to the classifications used in 2009. We report the results of our operations in four reporting segments: 1) Financial Solutions, 2) Payment Solutions, 3) International Solutions and 4) Corporate and Other (Note 7). On October 1, 2009, pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of March 31, 2009, by and among FIS, a wholly owned subsidiary of FIS (“Merger Sub”), and Metavante Technologies, Inc. (“Metavante”), Metavante merged with and into Merger Sub, with Merger Sub continuing as the surviving company and a wholly owned subsidiary of FIS (the “Merger”) in a tax-free reorganization. See Note 8 for information on the Metavante Merger. Metavante’s results of operations and account balances will be included in the Company’s results of operations and statement of financial position prospectively from the transaction date.

Condensed Consolidated Statement of Equity (Parenthetical) (Unaudited)	9 Months Ended
	Sep. 30, 2009 $ / shares
Retained Earnings
Statement [Line Items]
Cash dividends paid per share	$ 0.15