0001136893-24-000015 | 10-K | XBRL Viewer | Fidelity National Information Services INC

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Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Intangible Assets
Cost	$ 6,468	$ 6,474
Accumulated Amortization	(4,645)	(4,006)
Net	1,823	2,468
Customer relationships
Intangible Assets
Cost	6,326	6,281
Accumulated Amortization	(4,583)	(3,953)
Net	1,743	2,328
Trademarks and other
Intangible Assets
Cost	142	193
Accumulated Amortization	(62)	(53)
Net	$ 80	$ 140

Income Taxes - Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Deferred income tax assets:
Net operating loss carryforwards	$ 219	$ 196
Employee benefit accruals	105	103
Outside basis difference	919	38
Other deferred tax assets	95	105
Total gross deferred income tax assets	1,338	442
Less valuation allowance	(1,055)	(218)
Total deferred income tax assets	283	224
Deferred income tax liabilities:
Amortization of goodwill and intangible assets	(2,066)	(2,363)
Deferred contract costs	(245)	(209)
Other deferred tax liabilities	(121)	(308)
Total deferred income tax liabilities	(2,432)	(2,880)
Net deferred income tax liability	$ (2,149)	$ (2,656)

Components of Other Comprehensive Earnings (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Earnings

The following table shows Accumulated other comprehensive earnings (loss) attributable to FIS by component, net of tax, for the years ended December 31, 2023, 2022 and 2021 (in millions):


	Change in Fair Value of Net Investment Hedges		Foreign Currency Translation Adjustments		Other		Total
Balances, December 31, 2020	$	(1,183)	$	1,326	$	(86)	$	57
Other comprehensive earnings (loss) before reclassifications	878		(697)		4		185
Amounts reclassified from accumulated other comprehensive earnings	—		—		10		10
Balances, December 31, 2021	(305)		629		(72)		252
Other comprehensive earnings (loss) before reclassifications	1,034		(1,682)		36		(612)
Balances, December 31, 2022	729		(1,053)		(36)		(360)
Other comprehensive earnings (loss) before reclassifications	(501)		548		53		100
Balances, December 31, 2023	$	228	$	(505)	$	17	$	(260)

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

The following describes the significant accounting policies of the Company used in preparing the accompanying consolidated financial statements.

(a)Principles of Consolidation and Management Estimates

The consolidated financial statements include the accounts of FIS, its wholly-owned subsidiaries and subsidiaries that are majority-owned. Noncontrolling interests represent the minority shareholders’ share of the net earnings or loss and equity in consolidated subsidiaries. The Company’s noncontrolling interests presented in the consolidated statements of earnings (loss) include net earnings (loss) attributable to noncontrolling interests and redeemable noncontrolling interests. Noncontrolling interests are presented as a component of equity in the consolidated balance sheets. Noncontrolling interests that are redeemable upon the occurrence of an event that is not solely within the Company’s control are presented outside of equity. All intercompany profits, transactions and balances have been eliminated in consolidation.

The preparation of consolidated financial statements in conformity with United States ("U.S") generally accepted accounting principles ("GAAP") and related rules and regulations of the U.S. Securities and Exchange Commission requires our management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. These estimates may change as new events occur and

additional information is obtained. Future actual results could differ materially from these estimates. To the extent that there are differences between these estimates, judgments and assumptions and actual results, our consolidated financial statements will be affected.

(b)Cash and Cash Equivalents

The Company considers cash on hand, money market funds and other highly liquid investments with original maturities of three months or less to be cash and cash equivalents. As part of the Company's electronic funds transfer and network business, the Company provides cash settlement services to financial institutions and state and local governments. These services involve the movement of funds among the various parties associated with automated teller machines ("ATM") and point-of-sale or electronic benefit transactions ("EBT"). This activity results in a balance due to the Company at the end of each business day that it recoups over the next few business days. The net in-transit balances due to the Company are included in Cash and cash equivalents on the consolidated balance sheets. The carrying amounts reported in the consolidated balance sheets for these instruments approximate their fair value.

The Company records restricted cash in captions other than Cash and cash equivalents in the consolidated balance sheets. The reconciliation between Cash and cash equivalents in the consolidated balance sheets and Cash, cash equivalents and restricted cash per the consolidated statements of cash flows is as follows (in millions):


	December 31.
	2023		2022
Cash and cash equivalents on the consolidated balance sheets	$	440	$	456
Merchant float from discontinued operations included in current assets held for sale (1)	2,594		2,625
Cash from discontinued operations included in current assets held for sale	1,380		1,732
Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows	$	4,414	$	4,813

(1)Merchant float funds are considered restricted cash.

(c)Fair Value Measurements

Fair Value Hierarchy

The authoritative accounting literature defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy based on the quality of inputs used to measure fair value.

The fair value hierarchy includes three levels that are based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). If the inputs used to measure the fair value fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the asset or liability. The three levels of the fair value hierarchy are described below.

Level 1. Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.

Level 2. Inputs to the valuation methodology include the following:

•Quoted prices for similar assets or liabilities in active markets;

•Quoted prices for identical or similar assets or liabilities in inactive markets;

•Inputs other than quoted prices that are observable for the asset or liability;

•Inputs that are derived principally from, or corroborated by, observable market data by correlation or other means.

If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3. Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Fair Value of Assets Acquired and Liabilities Assumed in Business Combinations

In a business combination transaction, an acquirer recognizes, separately from goodwill, the identifiable assets acquired, liabilities assumed, and any noncontrolling interest in the acquiree and generally measures these items at their acquisition date fair values. Goodwill is recorded as the residual amount by which the purchase price exceeds the fair value of the net assets acquired. Fair values are determined using the framework outlined above under Fair Value Hierarchy and the methodologies addressed in the individual subheadings. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, we report provisional amounts in the financial statements for the items for which the accounting is incomplete. Adjustments to provisional amounts initially recorded that are identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined. This includes any effect on earnings of changes in depreciation, amortization, or other income effects as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. During the measurement period, we also recognize additional assets or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets and liabilities as of that date. The measurement period ends the sooner of one year from the acquisition date or when we receive the information we were seeking about facts and circumstances that existed as of the acquisition date or learn that more information is not obtainable. Contingent consideration liabilities or receivables recorded in connection with business acquisitions are also adjusted for changes in fair value until settled.

Fair Value of Financial Instruments

The carrying amounts reported in the consolidated balance sheets for settlement assets and payables as well as short-term borrowings approximate their fair values because of their immediate or short-term maturities. The fair value of the Company's long-term debt is based on quoted prices of our senior notes and trades of our debt in close proximity to year end, which are considered Level 2-type measurements. The Company also holds, or has held, certain derivative instruments, specifically interest rate swaps, cross-currency interest rate swaps and foreign currency exchange forward contracts, which are also valued using Level 2-type measurements. 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.

(d)Derivative Financial Instruments

The Company enters into derivatives to manage foreign currency and interest rate risk; the Company does not use derivatives for trading purposes, to generate income or to engage in speculative activity.

During all periods presented, the Company used cross-currency interest rate swaps to engage in hedging activities relating to changes in foreign currency exchange rates impacting its investment in certain foreign-currency-denominated operations. The Company designated these cross-currency interest rate swaps as net investment hedges. The Company also utilized foreign-currency-denominated debt as non-derivative net investment hedges. During 2023, the Company also utilized cross-currency interest rate swaps to engage in hedging activities relating to its exposure to foreign currency risk associated with its foreign currency-denominated debt. The Company designated these cross-currency interest rate swaps as fair value hedges.

During all periods presented, the Company used fixed-to-variable interest rate swaps to engage in hedging activities relating to changes in interest rates impacting the fair value of its fixed-rate long-term debt. The Company designated these interest rate swaps as fair value hedges. During the quarter ended September 30, 2023, the Company de-designated these interest rate swaps as fair value hedges and entered into offsetting variable-to-fixed interest rate swaps. The de-designated and new interest rate swaps are accounted for as economic hedges.

During 2023, the Company used foreign currency forward contracts as economic hedges to reduce the foreign currency risk associated with foreign currency-denominated debt expected to be paid off with U.S. dollar proceeds received from the Worldpay Sale during the first quarter of 2024 (see Note 1). During 2022, the Company used foreign currency forward contracts as economic hedges to reduce the foreign currency risk associated with payments due at maturity of the Company's foreign currency-denominated debt and cross-currency interest rate swaps.

The Company records all derivatives, whether designated in accounting hedging relationships or not, on the consolidated balance sheets at fair value. The Company's derivative contracts are generally subject to master netting arrangements, which contain various netting and setoff provisions; however, the Company has elected to record derivative assets and liabilities on a

gross basis in the accompanying consolidated balance sheets in Prepaid expenses and other current assets; Other noncurrent assets; Accounts payable, accrued and other liabilities; or Other noncurrent liabilities, as appropriate. See Notes 14 and 20 for additional details, including accounting policies.

(e)Allowance for Credit Losses

The Company monitors trade receivable balances and contract assets as well as other receivables and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events, changes in client creditworthiness, client payment terms and collection trends. The allowance for credit losses is separate from the chargeback liability described in Note 3.

(f)Settlement Assets and Payables

The principal components of the Company's settlement assets and payables on the consolidated balance sheets are as follows (in millions):


	December 31,
	2023		2022
Settlement assets
Settlement deposits	$	463	$	439
Settlement receivables	154		153
Total Settlement assets	$	617	$	592

Settlement payables	$	635	$	613

The payment solutions that give rise to the settlement balances described below are separate and distinct from those settlement activities referred to under (b) Cash and Cash Equivalents, where the solutions we provide primarily facilitate the movement of funds.

We manage certain payment solutions and programs and wealth management processes for our clients that require us to hold and manage client cash balances used to fund their daily settlement activity. Settlement deposits represent funds we hold that were drawn from our clients to facilitate settlement activities. Settlement receivables represent amounts funded by us. Settlement payables consist of settlement deposits from clients, settlement payables to third parties or clients, and outstanding checks related to our settlement activities for which the right of offset does not exist or we do not intend to exercise our right of offset. Our accounting policy for such outstanding checks is to include them in Settlement payables on the consolidated balance sheets and operating cash flows on the consolidated statements of cash flows.

(g)Contract Related Balances

The payment terms and conditions in our customer contracts may vary. In some cases, customers pay in advance of our delivery of solutions or services; in other cases, payment is due as services are performed or in arrears following the delivery of the solutions or services. Differences in timing between revenue recognition and invoicing result in accrued trade receivables, contract assets, or deferred revenue on our consolidated balance sheets. Trade receivables are accrued when revenue is recognized prior to invoicing but the right to payment is unconditional (i.e., only the passage of time is required). This occurs most commonly when software term licenses recognized at a point in time are paid for periodically over the license term. Contract assets result when amounts allocated to distinct performance obligations are recognized when or as control of a solution or service is transferred to the customer but invoicing is contingent on performance of other performance obligations or on completion of contractual milestones. Contract assets are transferred to trade receivables when the rights become unconditional, typically upon invoicing of the related performance obligations in the contract or upon achieving the requisite project milestone. Deferred revenue results from customer payments in advance of our satisfaction of the associated performance obligation(s) and relates primarily to prepaid maintenance or other recurring services. Deferred revenue is relieved as revenue is recognized. Contract assets and deferred revenue are reported on a contract-by-contract basis at the end of each reporting period. At December 31, 2023 and 2022, contract assets of $227 million and $207 million, respectively, are included in Prepaid expenses and other current assets and $240 million and $122 million, respectively are included in Other noncurrent assets on the consolidated balance sheets. Noncurrent deferred revenue is included in Other noncurrent liabilities as detailed in

Note 12. Changes in the contract assets and deferred revenue balances for the years ended December 31, 2023 and 2022, were not materially impacted by any factors other than those described above. In some cases, signing bonuses are paid, or credits are offered, to customers in connection with the origination or renewal of customer contracts. These incentives are recorded as Other noncurrent assets on our consolidated balance sheets and amortized on a straight-line basis as a reduction of revenue over the lesser of the useful life of the solution or the expected customer relationship period for new contracts or over the contract period for renewal contracts.

(h)Goodwill

Goodwill represents the excess of cost over the fair value of identifiable assets acquired and liabilities assumed in business combinations. Goodwill is not amortized but is assessed for impairment by reporting unit. The Company assesses goodwill for impairment on an annual basis during the fourth quarter or more frequently if circumstances indicate potential impairment. An impairment charge is recognized when and to the extent a reporting unit's carrying amount is determined to exceed its estimated fair value. Our reporting units are the same as our primary operating segments, with additional reporting units for certain non-strategic businesses within the Corporate and Other segment.

The Company has the option to first assess qualitatively whether it is more likely than not that a reporting unit's carrying amount exceeds its estimated fair value. The option of whether to perform the qualitative assessment is made annually and may vary by reporting unit. Events and circumstances that are considered in performing the qualitative assessment include macroeconomic conditions, industry and market conditions, cost factors, overall financial performance, events affecting the reporting unit or Company as a whole, including a sustained decrease in stock price. When performing the qualitative assessment, we examine those factors most likely to affect each reporting unit's fair value. If we conclude that it is more likely than not that the reporting unit's fair value is less than its carrying amount (that is, a likelihood of more than 50 percent) as a result of the qualitative assessment, or we elect to bypass the qualitative assessment for a reporting unit, then we perform a quantitative assessment for that reporting unit.

In applying the quantitative assessment, we typically engage third-party valuation specialists to assist us in determining the fair value of a reporting unit based on a weighted average of valuation techniques, a combination of an income approach and a market approach, which are Level 3-type measurements. The income approach calculates a value based upon the present value of estimated future cash flows, while the market approach uses earnings multiples of similarly situated guideline public companies. If the fair value of the reporting unit determined using the quantitative analysis exceeds the carrying amount of the reporting unit's net assets, goodwill is not impaired.

Both qualitative and quantitative assessments require a significant amount of management judgment involving the use of forecasts, estimates, and assumptions.

(i)Impairment of Long-Lived Assets and Intangible Assets with Finite Useful Lives

Long-lived assets and intangible assets with finite useful lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset, which are Level 3-type measurements. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. There were no significant impairments of long-lived assets or intangible assets with finite useful lives during the years ended December 31, 2023 and 2021. During the year ended December 31, 2022, the Company recognized impairment losses totaling $71 million on certain long-lived assets, primarily related to reducing office space, including $43 million for operating lease right-of-use assets.

(j)Intangible Assets

The Company has intangible assets that consist primarily of customer relationships and trademarks (i.e., a collective term for trademarks, trade names, and related intellectual property rights) that are recorded in connection with acquisitions at their fair value based on the results of valuation analyses. Customer relationships and trademarks acquired in business combinations are generally valued using the multi-period excess earnings method and relief-from-royalty method, respectively, which are Level 3-type measurements. Customer relationships are amortized over their estimated useful lives using an accelerated method that takes into consideration expected customer attrition rates up to a 10-year period. Trademarks with finite lives are amortized

over periods ranging up to five years. Intangible assets with finite lives are reviewed for impairment following the same approach as long-lived assets.

(k)Software

Software includes software acquired in business combinations, purchased software and capitalized software development costs. Software acquired in business combinations is generally valued using the relief-from-royalty method, a Level 3-type measurement. Purchased software is recorded at cost and amortized using the straight-line method over its estimated useful life, and software acquired in business combinations is recorded at its fair value and amortized using straight-line or accelerated methods over its estimated useful life, typically ranging from one to 10 years.

The capitalization of software development costs is based on whether the software is to be sold, leased or otherwise marketed, or if the software is for internal use. After the technological feasibility of the software has been established (for software to be marketed) or at the beginning of application development (for internal-use software), software development costs, which primarily include salaries and related payroll costs and costs of independent contractors incurred during development, are capitalized. Research and development costs incurred prior to the establishment of technological feasibility (for software to be marketed) or prior to application development (for internal-use software) are expensed as incurred. Software development costs are amortized on a solution-by-solution basis commencing on the date of general release (for software to be marketed) or the date placed in service (for internal-use software). Software development costs for software to be marketed are amortized using the greater of (1) the straight-line method over its estimated useful life, which typically ranges from three to 10 years, or (2) the ratio of current revenue to total anticipated revenue over its useful life.

The Company reviews software assets for impairment at each reporting date. For software to be marketed, an impairment charge is recorded to the extent the carrying amount exceeds the net realizable value. Internal-use software is reviewed for impairment following the same approach as long-lived assets. Determining net realizable values and future cash flows involves judgments and the use of estimates and assumptions regarding future economic and market conditions. Adverse changes in these conditions could result in an impairment charge which could be material to our consolidated financial statements.

See Note 9 for software asset impairment losses and incremental software amortization expense recognized during the years ended December 31, 2023, 2022 and 2021.

(l)Deferred Contract Costs

The Company incurs costs as a result of both the origination and fulfillment of our contracts with customers. Origination costs relate primarily to the payment of sales commissions that are directly related to sales transactions. Fulfillment costs include the cost of implementation services related to software as a service ("SaaS") and other cloud-based arrangements when the implementation service is not distinct from the ongoing service. When origination costs and fulfillment costs that will be used to satisfy future performance obligations are directly related to the execution of our contracts with customers, and the costs are recoverable under the contract, the costs are capitalized as a deferred contract cost. Impairment losses are recognized if the carrying amounts of the deferred contract costs are not recoverable.

Origination costs for contracts that contain a distinct software license recognized at a point in time are allocated between the license and all other performance obligations of the contract and amortized according to the pattern of performance for the respective obligations. Otherwise, origination costs are capitalized as a single asset for each contract or portfolio of similar contracts and amortized using an appropriate single measure of performance considering all of the performance obligations in the contracts. The Company amortizes origination costs over the expected benefit period to which the deferred contract cost relates. Origination costs related to initial contracts with a customer are amortized over the lesser of the useful life of the solution or the expected customer relationship period. Commissions paid on renewals are amortized over the renewal period. Capitalized fulfillment costs are amortized over the lesser of the useful life of the solution or the expected customer relationship period.

See Note 10 for deferred contract cost asset impairment losses during 2021 and incremental amortization expense recognized during the years ended December 31, 2023, 2022 and 2021. There were no significant deferred contract cost asset impairment losses recognized during the years ended December 31, 2023 and 2022.

(m)Property and Equipment

Property and equipment is recorded at cost, less accumulated depreciation and amortization. Depreciation and amortization are computed primarily using the straight-line method based on the estimated useful lives of the related assets typically as follows: 30 years for buildings and three to seven years for furniture, fixtures and computer equipment. Leasehold improvements are amortized using the straight-line method over the lesser of the initial term of the applicable lease or the estimated useful lives of such assets.

(n)Income Taxes

The Company recognizes deferred income tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities and expected benefits of using net operating loss and credit carryforwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The impact on deferred income taxes of changes in tax rates and laws, if any, is reflected in the consolidated financial statements in the period enacted. A valuation allowance is established for any portion of a deferred income tax asset for which management believes it is more likely than not that the Company will not be able to realize the benefits of all or a portion of that deferred income tax asset. Certain of the Company's earnings are indefinitely reinvested offshore and could be subject to additional income tax if repatriated. It is not practicable to determine the unrecognized deferred tax liability on a hypothetical distribution of those earnings.

(o)Operating Leases

The Company leases certain of its property, primarily real estate, under operating leases. Operating lease right-of-use ("ROU") assets are included in Other noncurrent assets, and operating lease liabilities are included in Accounts payable, accrued and other liabilities and Other noncurrent liabilities on the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term, and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of fixed lease payments over the lease term. Operating lease ROU assets also include any prepaid lease payments and exclude lease incentives received. The Company uses an incremental borrowing rate based on information available at commencement date in determining the present value of lease payments. Lease term for accounting purposes may include options to extend (generally ranging from one to five years) or to terminate the lease when it is reasonably certain that the Company will exercise that option. For certain equipment leases, the Company applies a portfolio approach to effectively account for the operating lease ROU assets and liabilities. Lease agreements may include lease and related non-lease components, which are accounted for as a single lease component. Fixed costs included in the measurement of ROU assets are recognized as operating lease cost generally on a straight-line basis over the lease term. Certain leases require the Company to pay taxes, insurance, maintenance and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the ROU assets and lease liabilities to the extent they are variable in nature; instead, they are recognized as variable lease cost when incurred.

(p)Revenue Recognition

The Company generates revenue in a number of ways, including from the delivery of account- or transaction-based processing, SaaS, business process as a service ("BPaaS"), cloud offerings, software licensing, software-related services and professional services.

The Company enters into arrangements with customers to provide services, software and software-related services such as maintenance and implementation either individually or as part of an integrated offering. The Company assesses the solutions and services promised in its contracts with customers and identifies a performance obligation for each promise to transfer to the customer a solution or service (or bundle of solutions or services) that is distinct - i.e., if a solution or service is separately identifiable from other items in the bundled package and if a customer can benefit from it on its own or with other resources that are readily available to the customer. To identify its performance obligations, the Company considers all of the solutions or services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. The Company recognizes revenue when or as it satisfies a performance obligation by transferring control of a solution or service to a customer.

Revenue is measured based on the consideration that the Company expects to receive in a contract with a customer. The Company's contracts with its customers frequently contain variable consideration. Variable consideration exists when the amount which the Company expects to receive in a contract is based on the occurrence or non-occurrence of future events, such as processing services performed under usage-based pricing arrangements or professional services billed on a time-and-materials basis. Variable consideration is also present in certain transactions in the form of discounts, credits, price concessions, penalties, and similar items. If the amount of a discount or rebate in a contract is fixed and not contingent, that discount or rebate is not variable consideration. The Company estimates variable consideration in its contracts primarily using the expected value method. In some contracts, the Company applies the most likely amount method by considering the single most likely amount in a limited range of possible consideration amounts. The Company develops estimates of variable consideration on the basis of both historical information and current trends. Variable consideration included in the transaction price is constrained such that a significant revenue reversal is not probable.

Taxes collected from customers and remitted to governmental authorities are not included in revenue. Postage costs associated with print and mail services are accounted for as a fulfillment cost and are included in cost of revenue.

Technology or service components from third parties are frequently embedded in or combined with our applications or service offerings. We are often responsible for billing the client in these arrangements and transmitting the applicable fees to the third party. The Company determines whether it is responsible for providing the third-party solution or service as a principal or for arranging for the solution or service to be provided by the third party as an agent. Judgment is applied to determine whether we are the principal or the agent by evaluating whether the Company has control of the solution or service prior to it being transferred to the customer. The principal versus agent assessment is performed at the performance obligation level. Indicators that the Company considers in determining if it has control include whether the Company is primarily responsible for fulfilling the promise to provide the specified solution or service to the customer, the Company has inventory risk and the Company has discretion in establishing the price the customer ultimately pays for the solution or service. Depending upon the level of our contractual responsibilities and obligations for delivering solutions to end customers, we have arrangements where we are the principal and recognize the gross amount billed to the customer and other arrangements where we are the agent and recognize the net amount retained.

The total transaction price of a contract is allocated to each performance obligation in a manner depicting the amount of consideration to which the Company expects to be entitled in exchange for transferring the solution(s) or service(s) to the customer (the "allocation objective"). If the allocation objective is met at contractual prices, no allocation adjustments from contract prices are made. Otherwise, the Company reallocates the transaction price to each performance obligation identified in the contract on a relative standalone selling price basis, except when the criteria are met for allocating variable consideration to one or more, but not all, performance obligations in the contract. The Company allocates variable consideration to one or more, but not all, performance obligations when the terms of the variable payment relate specifically to the Company's efforts to satisfy the performance obligation (or transfer the distinct solution or service) and when such allocation is consistent with the allocation objective when considering all performance obligations in the contract. Determining whether the criteria for allocating variable consideration to one or more, but not all, performance obligations in the contract requires judgment and may affect the timing and amount of revenue recognized.

To determine the standalone selling price of its promised solutions or services, the Company conducts a regular analysis to determine whether various solutions or services have an observable standalone selling price. If the Company does not have an observable standalone selling price for a particular solution or service, then the standalone selling price for that particular solution or service is estimated using all information that is reasonably available and maximizing observable inputs using approaches including historical pricing, cost plus a margin, adjusted market assessment, and a residual approach.

The following describes the nature of the Company's primary types of revenue and the revenue recognition policies and significant payment terms as they pertain to the types of transactions the Company enters into with its customers.

Transaction Processing and Services Revenue

Transaction processing and services revenue is primarily comprised of payment processing, data processing, application management, and outsourced services, including our SaaS, BPaaS and cloud offerings. Revenue from transaction processing and services is recurring and is typically volume or activity based depending on factors such as the number of payments, transactions, accounts or trades processed, number of users, number of hours of services or amount of computer resources used. Fees may include tiered pricing structures with the base tier representing a minimum monthly usage fee. Pricing within the tiers typically resets on a monthly basis, and minimum monthly volumes are generally met or exceeded. Contract lengths for

processing services typically span one or more years; however, when distinct hosting services are offered, they are often cancelable without a significant penalty with 30-days' notice. Payment is generally due in advance or in arrears on a monthly or quarterly basis and may include fixed or variable payment amounts depending on the specific payment terms and activity in the period.

For processing services revenue, the nature of the Company's promise to the customer is to stand ready to provide continuous access to the Company's processing platforms and perform an unspecified quantity of outsourced and transaction processing services for a specified term or terms. Accordingly, processing services are generally viewed as a stand-ready performance obligation comprised of a series of distinct daily services. The Company typically satisfies its processing services performance obligations over time as the services are provided. A time-elapsed output method is used to measure progress because the Company's efforts are expended evenly throughout the period given the nature of the promise is a stand-ready service. The Company has evaluated its variable payment terms related to its processing services revenue accounted for as a series of distinct days of service and concluded that they generally meet the criteria for allocating variable consideration entirely to one or more, but not all, performance obligations in a contract. Accordingly, when the criteria are met, variable amounts based on the number and type of services performed during a period are allocated to, and recognized on, the day in which the Company performs the related services. Fixed fees for processing services are generally recognized ratably over the contract period.

Processing revenue also includes network, interchange, and other pass-through fees. Pass-through fees generally represent variable consideration and are allocated to, and recognized on, the day on which the related services are performed. Pass-through fees are billed monthly. Network and interchange fees are presented on a net basis; other pass through fees may be recorded on either a gross or a net basis depending on whether the Company is acting as a principal or an agent.

Software Maintenance Revenue

Software maintenance is comprised of technical support services and unspecified software updates and upgrades provided on a when-and-if-available basis. Software maintenance revenue is generally based on fixed fees. Payment terms are typically annually, quarterly, or monthly in advance. Contract terms vary and can span multiple years. The Company generally satisfies its maintenance-related performance obligations evenly using a time-elapsed output method over the contract term given there is no discernible pattern of performance.

Other Recurring Revenue

Other recurring revenue is comprised primarily of services provided by dedicated personnel resources who work full time at client sites and under the client's direction. Revenue from dedicated resource agreements is generally based on fixed monthly fees per resource. Payment terms are typically annually, quarterly, or monthly in advance. Contract terms vary and can span multiple years. The Company generally satisfies its dedicated resource obligations evenly using a time-elapsed output method over the contract term given there is no discernible pattern of performance.

Software License Revenue

The Company's software licenses generally have significant stand-alone functionality to the customer upon delivery and are considered to be functional intellectual property. Additionally, the nature of the Company's promise in granting these software licenses to a customer is typically to provide the customer a right to use the Company's intellectual property. The Company's software licenses are generally considered distinct performance obligations. Revenue allocated to software licenses is typically recognized at a point in time upon delivery of the license and is non-recurring. Contracts that contain software licenses often have non-standard terms that require significant judgments that may affect the amount and timing of revenue recognized.

When a software license requires frequent updates that are integral to maintaining the utility of the license to the customer, the Company combines the software license and the maintenance into a single performance obligation, and revenue for the combined performance obligation is recognized in Other recurring revenue as the maintenance is provided, consistent with the treatment described for maintenance above. When a software license contract also includes professional services that provide significant modification or customization of the software license, the Company combines the software license and professional services into a single performance obligation, and revenue for the combined performance obligation is recognized as the professional services are provided, consistent with the methods described below for professional services revenue.

The Company has contracts where the licensed software is offered in conjunction with hosting services. The licensed software may be considered a separate performance obligation from the hosting services if the customer can take possession of the software during the contractual term without incurring a significant penalty and if it is feasible for the customer to run the software on its own infrastructure or hire a third party to host the software. If the licensed software and hosting services are separately identifiable, license revenue is recognized when the hosting services commence and it is within the customer's control to obtain a copy of the software. If the software license is not separately identifiable from the hosting service, then the related revenue for the combined performance obligation is recognized ratably over the hosting period and classified as processing revenue.

Occasionally, the Company offers extended payment terms on its license transactions and evaluates whether any potential significant financing components exist. For certain of its business units, the Company will provide a software license through a rental model wherein the customer generally pays for the software license and maintenance in monthly or quarterly installments as opposed to an upfront software license fee. Revenue recognition under these arrangements follows the same recognition pattern as the arrangements outlined above. Judgment is required to determine whether these arrangements contain a significant financing component. The Company evaluates whether there is a significant difference between the amount of promised consideration over the rental term and the cash selling price of the software license, the degree to which financing is the reason for any such difference, and the overall impact of the time value of money on the transaction. If we conclude a significant financing component exists, then the transaction price is adjusted for the time value of money at the Company's incremental borrowing rate by recording a contract asset and interest income. The Company does not adjust the promised amount of consideration for the effects of the time value of money if the difference between the promised consideration and the cash selling price arises for reasons other than the provision of finance or it is expected, at contract inception, that the period between when the Company transfers a promised solution or service to a customer and when the customer pays for that solution or service will be one year or less.

Professional Services Revenue

Professional services revenue is comprised of implementation, conversion, and programming services associated with the Company's data processing and application management agreements and implementation or installation services related to licensed software. Although this revenue is non-recurring in nature, it is generally recognized over time, with service durations spanning from several weeks to several years, depending on the scope and complexity of the work. Payment terms for professional services may be based on an upfront fixed fee, fixed upon the achievement of milestones, or on a time-and-materials basis.

In assessing whether implementation services provided on data processing, application management or software agreements are a distinct performance obligation, the Company considers whether the services are both capable of being distinct (i.e., the customer can benefit from the services alone or in combination with other resources that are readily available to the customer) and distinct within the context of the contract (i.e., the services are separately identifiable from the other performance obligations in the contract). Implementation services and other professional services are typically considered distinct performance obligations. However, when these services involve significant customization or modification of an underlying solution or offering, or if the services are complex and not available from a third-party provider and must be completed prior to a customer having the ability to benefit from a solution or offering, then such services and the underlying solution or offering will be accounted for as a combined performance obligation.

The Company's professional services that are accounted for as distinct performance obligations and that are billed on a fixed fee basis are typically satisfied as services are rendered; thus, the Company uses a cost-based input method, such as cost-to-cost or efforts expended (labor hours), to provide a faithful depiction of the transfer of those services. For professional services that are distinct and billed on a time-and-materials basis, revenue is generally recognized using an output method that corresponds with the time and materials billed and delivered, which is reflective of the transfer of the services to the customer. Professional services that are not distinct from an associated solution or offering are recognized over the common measure of progress for the overall performance obligation (typically a time-elapsed output measure that corresponds to the period over which the solution or offering is made available to the customer).

Other Non-recurring Revenue

Other non-recurring revenue is comprised primarily of hardware, one-time card production, and early termination fees. The Company typically does not stock in inventory the hardware solutions sold but arranges for delivery of hardware from third-party suppliers. The Company determines whether hardware delivered from third-party suppliers should be recognized on a gross or net basis by evaluating whether the Company has control of the solution or service prior to it being transferred to the customer. Equipment and one-time card production revenue is generally recognized at a point in time upon delivery. Early contract terminations are treated as contract modifications. Early termination fees are added to a contract's transaction price once it becomes likely that liquidated damages will be charged to a customer, typically upon notification of early termination. Early termination fees are recognized over the remaining period of the related performance obligation(s).

Material Rights

Some of the Company's contracts with customers include options for the customer to acquire additional, or renew existing, solutions or services in the future. Options may represent a material right to acquire solutions or services if the discount is incremental to the range of discounts typically given for those solutions or services to that class of customer in that geographical area or market and if the customer would not have obtained the option without entering into the contract. If deemed to be a material right, the Company will account for the material right as a separate performance obligation and determine the standalone selling price based on directly observable prices when available. If the standalone selling price is not directly observable, then the Company estimates the standalone selling price to be equal to the discount that the customer would obtain by exercising the option, as adjusted for any discount that the customer would receive without exercising the option and for the likelihood that the option will be exercised.

(q)Cost of Revenue and Selling, General and Administrative Expenses

Cost of revenue consists of costs directly associated with providing solutions or services to clients and includes payroll, employee benefits and other costs associated with personnel employed in customer service and service delivery roles as well as third-party costs involved in fulfillment of performance obligations for which the Company is acting as a principal. Cost of revenue also includes data processing costs, amortization of software, customer relationship and trademark intangible assets, and depreciation on operating assets.

Selling, general and administrative expenses include payroll, employee benefits and other costs associated with personnel employed in sales, marketing, human resources, finance, risk management and other administrative roles, as well as acquisition, integration and certain other costs that are not considered when management evaluates revenue-generating segment performance. Selling, general and administrative expenses also include depreciation on non-operating corporate assets as well as advertising and other marketing-related program costs.

(r)Stock-Based Compensation Plans

The Company accounts for stock-based compensation plans using the fair value method. Thus, compensation cost is measured based on the fair value of the award at the grant date and is recognized over the service period. For our service-based stock awards, we recognize the compensation cost on a straight-line basis over the award's service period, which is generally three years. For our performance-based stock awards with market conditions which typically cliff vest on the third anniversary date of the grant, we recognize the compensation cost on a straight-line basis over the service period when it is probable the outcome of that performance condition will be achieved. The Company adjusts the compensation expense over the service period based upon the expected achievement level of the applicable performance condition. Certain of our stock awards contain only market conditions. In those circumstances, compensation cost is recognized over the service period and is not reversed even if the award does not become exercisable in the event the market condition is not achieved. The Company estimates future forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ significantly from those estimates.

(s)Foreign Currency Translation

Our functional currency is the U.S. dollar. The functional currency of each of our operating subsidiaries is generally the currency of the economic environment in which the subsidiary primarily does business. Our foreign subsidiaries with non-U.S. dollar functional currencies are translated into U.S. dollars for consolidation purposes using the foreign exchange rates applicable to the dates of the financial statements. Generally, these consist of the exchange rates in effect at the balance sheet

date for balance sheet accounts and the average exchange rates in effect during the relevant period for revenue and expense accounts. The adjustments resulting from the translation are included in Accumulated other comprehensive earnings (loss) in the consolidated statements of equity and consolidated statements of comprehensive earnings and are excluded from net earnings.

Gains or losses resulting from measuring foreign currency transactions into the respective functional currency are included in Other income (expense), net in the consolidated statements of earnings.

(t)Net Earnings (Loss) per Share

The basic weighted average shares and common stock equivalents for the years ended December 31, 2023, 2022 and 2021, are computed using the treasury stock method.

Net earnings (loss) and earnings (loss) per share for the years ended December 31, 2023, 2022 and 2021, are as follows (in millions, except per share data):


	Year ended December 31,
	2023		2022		2021
Net earnings (loss) from continuing operations attributable to FIS common stockholders	$	503	$	608	$	320
Net earnings (loss) from discontinued operations attributable to FIS common stockholders	(7,157)		(17,328)		97
Net earnings (loss) attributable to FIS common stockholders	$	(6,654)	$	(16,720)	$	417
Weighted average shares outstanding-basic	591		604		616
Plus: Common stock equivalent shares	—		—		5
Weighted average shares outstanding-diluted	591		604		621
Net earnings (loss) per share-basic from continuing operations attributable to FIS common stockholders	$	0.85	$	1.01	$	0.52
Net earnings (loss) per share-basic from discontinued operations attributable to FIS common stockholders	(12.11)		(28.69)		0.16
Net earnings (loss) per share-basic attributable to FIS common stockholders	$	(11.26)	$	(27.68)	$	0.68
Net earnings (loss) per share-diluted from continuing operations attributable to FIS common stockholders	$	0.85	$	1.01	$	0.52
Net earnings (loss) per share-diluted from discontinued operations attributable to FIS common stockholders	(12.11)		(28.69)		0.16
Net earnings (loss) per share-diluted attributable to FIS common stockholders	$	(11.26)	$	(27.68)	$	0.67

The diluted net loss per share for the year ended December 31, 2023 and 2022, did not include the effect of common stock equivalent shares of 2 million and 3 million, respectively.

Options to purchase approximately 8 million, 5 million and 2 million shares of our common stock for the years ended December 31, 2023, 2022 and 2021, respectively, were not included in the computation of diluted earnings (loss) per share because they were anti-dilutive.

(u)Recent Accounting Guidance Not Yet Adopted

In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet a quantitative threshold. Further, the ASU requires certain disclosures of state versus federal income tax expense and taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 31, 2024. Early adoption is permitted for annual financial statements that have not yet been issued. The amendments should be applied on a prospective basis although retrospective application is permitted. We are currently evaluating the impact of adoption on our financial disclosures.

In November 2023, the FASB used ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires that an entity disclose significant segment expenses impacting profit and loss that are regularly

provided to the chief operating decision maker. The update is required to be applied retrospectively to prior periods presented, based on the significant segment expense categories identified and disclosed in the period of adoption. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of adoption of our financial disclosures

(v)Certain Reclassifications

Certain reclassifications have been made in the 2022 and 2021 consolidated financial statements to conform to the classifications used in 2023. As a result of our ongoing portfolio assessments, the Company reclassified certain businesses from Capital Markets to Banking and to Corporate and Other during the quarter ended March 31, 2023, and reclassified certain non-strategic operations from Banking to Corporate and Other during the quarter ended December 31, 2023. The Company recast all prior-period segment information presented to reflect these reclassifications. See Note 22 for more information regarding our segments. December 31, 2023, was the final deadline for states to complete all benefit issuance under federally funded pandemic relief programs. Accordingly, revenue associated with services the Company provided related to these programs has been classified within the Banking segment as Other non-recurring commencing during the quarter ended December 31, 2023, and related prior-period amounts have been reclassified from Transaction processing and services to Other non-recurring for comparability. See Note 5 for further information.

During January 2024, the Company agreed to include in the Worldpay Sale an equity security investment with a book value of $30 million. As of September 30, 2023, the value of this investment had been properly recorded as Other noncurrent assets within continuing operations on the consolidated balance sheets at September 30, 2023, and December 31, 2022. As a result of the subsequent decision to convey this asset in the Worldpay Sale, the amount of this asset has been reclassified and is now presented within these financial statements as Noncurrent assets held for sale at December 31, 2023 and 2022, and is reported within Other noncurrent assets within discontinued operations (see Note 3).

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Net Investment Hedges


	Years ended December 31,
	2023		2022		2021
Foreign currency-denominated debt designations	$	(138)	$	534	$	486
Cross-currency interest rate swap designations	(363)		500		392
Total	$	(501)	$	1,034	$	878

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2023
Income Tax Examination
Income taxes receivable	$ 17	$ 169
Net operating loss carryforwards	219	196
Unrecognized tax benefits	41	48	$ 54
Unrecognized tax benefits that would impact tax rate	38	42
Tax benefits interest expense for unpaid taxes	2	3	$ 3
Unrecognized tax benefits interest and penalties accrued	11	14
GTCR, LLC \| Worldpay Merchant Solutions
Income Tax Examination
Net operating loss carryforwards				$ 919
Valuation allowance against net operating loss deferred tax assets				$ 829
Net deferred tax asset	90
Federal and State
Income Tax Examination
Net operating loss carryforwards	72	67
State
Income Tax Examination
Valuation allowance against net operating loss deferred tax assets	46	41
Foreign
Income Tax Examination
Foreign net operating loss carryforwards resulting in deferred tax assets	$ 147	$ 129

Financial Instruments - Schedule of Net Investment Hedges (Details) - Designated as Hedging Instrument - Net Investment Hedging - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on investment hedges	$ (501)	$ 1,034	$ 878
Foreign currency-denominated debt designations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on investment hedges	(138)	534	486
Cross-currency interest rate swap designations
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on investment hedges	$ (363)	$ 500	$ 392

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2023, 2022 and 2021, consists of the following (in millions):


	2023		2022		2021
Current provision (benefit):
Federal	$	235	$	467	$	196
State	96		132		54
Foreign	96		84		87
Total current provision	$	427	$	683	$	337
Deferred provision (benefit):
Federal	$	(193)	$	(319)	$	(113)
State	(73)		(54)		(12)
Foreign	(4)		15		191
Total deferred provision	(270)		(358)		66
Total provision for income taxes	$	157	$	325	$	403

Total income tax expense (benefit) attributable to continuing and discontinued operations for the years ended December 31, 2023, 2022 and 2021, is allocated as follows (in millions):


	2023		2022		2021
Tax expense (benefit) per statements of earnings (loss)	$	157	$	325	$	403
Tax expense (benefit) on income from discontinued operations	(301)		52		(32)
Change in fair value of net investment hedges	(176)		361		317
Foreign currency translation adjustments	40		(360)		(33)
Other components of other comprehensive earnings (loss)	20		3		—
Total income tax expense (benefit) allocated to other comprehensive earnings	(116)		4		284
Total income tax expense (benefit)	$	(260)	$	381	$	655

Schedule of Pre-tax Income from Continuing Operations

The provision for income taxes is based on pre-tax income from continuing operations, which is as follows for the years ended December 31, 2023, 2022 and 2021 (in millions):


	2023		2022		2021
United States	$	331	$	761	$	537
Foreign	332		180		182
Total	$	663	$	941	$	719

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the Company's effective income tax rate for the years ended December 31, 2023, 2022 and 2021, is as follows:


	2023		2022		2021
Federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State income taxes	5.7		6.0		5.4
Federal benefit of state taxes	(1.0)		(1.3)		(1.1)
Foreign rate differential	0.8		2.0		1.2
Withholding on actual and estimated remittances	2.4		1.2		3.2
Tax loss (benefit) from stock-based compensation	2.3		4.0		(2.4)
U.K. tax rate adjustment	(0.1)		0.3		25.8
Non-deductible executive compensation	0.6		0.3		3.7
Foreign-derived intangible income deduction	(3.4)		(1.1)		0.4
Research and development credit	(1.8)		—		(1.2)
Unrecognized tax benefits	(0.4)		(0.4)		1.1
Return to provision	(1.7)		—		(0.3)
Other	(0.6)		2.5		(0.8)
Effective income tax rate	23.8	%	34.5	%	56.0	%

Schedule of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Deferred income tax assets:
Net operating loss carryforwards	$	219	$	196
Employee benefit accruals	105		103
Outside basis difference	919		38
Other deferred tax assets	95		105
Total gross deferred income tax assets	1,338		442
Less valuation allowance	(1,055)		(218)
Total deferred income tax assets	283		224
Deferred income tax liabilities:
Amortization of goodwill and intangible assets	(2,066)		(2,363)
Deferred contract costs	(245)		(209)
Other deferred tax liabilities	(121)		(308)
Total deferred income tax liabilities	(2,432)		(2,880)
Net deferred income tax liability	$	(2,149)	$	(2,656)

Deferred income taxes are classified in the consolidated balance sheets as of December 31, 2023 and 2022, as follows (in millions):


	2023		2022
Noncurrent deferred income tax assets (included in Other noncurrent assets)	$	30	$	33
Noncurrent deferred income tax liabilities	(2,179)		(2,689)
Net deferred income tax liability	$	(2,149)	$	(2,656)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table reconciles the gross amounts of unrecognized tax benefits at the beginning and end of the period (in millions):


	Gross Amount
Amounts of unrecognized tax benefits as of December 31, 2021	$	54
Amount of decreases due to lapse of the applicable statute of limitations	(1)
Amount of decreases due to settlements	(13)
Increases as a result of tax positions taken in the prior period	5
Increases as a result of tax positions taken in the current period	4
Foreign currency translation	(1)
Amount of unrecognized tax benefit as of December 31, 2022	48
Amount of decreases due to lapse of the applicable statute of limitations	(5)
Amount of decreases due to settlements	(8)
Increases as a result of tax positions taken in prior period	4
Increases as a result of tax positions taken in the current period	2
Amount of unrecognized tax benefit as of December 31, 2023	$	41

Debt - Schedule of Outstanding Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jul. 13, 2022	Mar. 02, 2021
Debt Instrument
Other	$ (614)	$ (626)
Total long-term debt, including current portion	14,318	16,336
Current portion of long-term debt	(1,348)	(2,130)
Long-term debt, excluding current portion	$ 12,970	14,206
Revolving Credit Facility
Debt Instrument
Weighted average interest rate	6.60%
Credit facility outstanding amount	$ 127	280
Revolving loan unused commitment fee	0.225%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Debt Instrument
Applicable margin	0.428%
Revolving Credit Facility \| LIBOR \| Maximum
Debt Instrument
Applicable margin	1.625%
Incremental Revolving Credit Facility
Debt Instrument
Credit facility outstanding amount	$ 0	0
Revolving loan unused commitment fee	0.225%
Incremental Revolving Credit Facility \| Maximum
Debt Instrument
Applicable margin	0.625%
Incremental Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Debt Instrument
Applicable margin	0.10%
Incremental Revolving Credit Facility \| Base Rate \| Maximum
Debt Instrument
Applicable margin	1.625%
Senior Notes \| Minimum
Debt Instrument
Stated interest rates			4.50%
Senior Notes \| Maximum
Debt Instrument
Stated interest rates			5.60%
Senior Notes \| Senior USD Notes
Debt Instrument
Weighted average interest rate	3.60%
Senior notes	$ 8,659	9,409
Senior Notes \| Senior USD Notes \| Minimum
Debt Instrument
Stated interest rates	0.60%			0.40%
Senior Notes \| Senior USD Notes \| Maximum
Debt Instrument
Stated interest rates	5.60%			3.10%
Senior Notes \| Senior Euro Notes
Debt Instrument
Weighted average interest rate	2.90%
Senior notes	$ 4,968	6,154
Senior Notes \| Senior Euro Notes \| Minimum
Debt Instrument
Stated interest rates	0.60%
Senior Notes \| Senior Euro Notes \| Maximum
Debt Instrument
Stated interest rates	3.00%
Senior Notes \| Senior GBP Notes
Debt Instrument
Weighted average interest rate	7.00%
Senior notes	$ 1,178	$ 1,119
Senior Notes \| Senior GBP Notes \| Minimum
Debt Instrument
Stated interest rates	2.30%
Senior Notes \| Senior GBP Notes \| Maximum
Debt Instrument
Stated interest rates	3.40%

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) and Pre-tax Income from Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current provision (benefit):
Federal	$ 235	$ 467	$ 196
State	96	132	54
Foreign	96	84	87
Total current provision	427	683	337
Deferred provision (benefit):
Federal	(193)	(319)	(113)
State	(73)	(54)	(12)
Foreign	(4)	15	191
Total deferred provision	(270)	(358)	66
Total provision for income taxes	157	325	403
Provision for income taxes is based on pre-tax income from continuing operations
United States	331	761	537
Foreign	332	180	182
Earnings (loss) before income taxes and equity method investment earnings (loss)	$ 663	$ 941	$ 719

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment
Capital lease obligations	$ 53	$ 63	$ 35
Depreciation and amortization	2,675	3,846	4,015
Property plant and equipment including that recorded under capital leases
Property, Plant and Equipment
Depreciation and amortization	$ 165	$ 186	$ 178

Operating Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Operating Leases

The classification of the Company's operating lease ROU assets and liabilities in the consolidated balance sheets as of December 31, 2023 and 2022, is as follows (in millions):


		December 31,
	Classification	2023		2022
Operating lease ROU assets	Other noncurrent assets	$	214	$	251

Operating lease liabilities	Accounts payable, accrued and other liabilities	$	85	$	99
	Other noncurrent liabilities	178		219
Total operating lease liabilities		$	263	$	318

Operating lease cost was $90 million, $157 million and $137 million, and variable lease cost was $27 million, $29 million and $33 million for the years ended December 31, 2023, 2022 and 2021, respectively. Operating lease cost for the year ended December 31, 2022, included $43 million, in ROU asset impairment charges. There were no significant ROU asset impairment losses recognized during the years ended December 31, 2023 and 2021. Cash paid for amounts included in the measurement of operating lease liabilities included in operating cash flows was $106 million, $124 million and $135 million for the years ended December 31, 2023, 2022 and 2021, respectively. Operating lease ROU assets obtained in exchange for operating lease liabilities was $47 million and $36 million for the years ended December 31, 2023 and 2022, respectively. The weighted average remaining operating lease term was 4.4 years and 4.7 years and the weighted average operating lease discount rate was 2.8% and 2.6% as of December 31, 2023 and 2022, respectively.

Maturities of operating lease liabilities, as of December 31, 2023, are as follows (in millions):


2024	$	92
2025	63
2026	49
2027	30
2028	23
Thereafter	25
Total lease payments	282
Less: Imputed interest	(19)
Total operating lease liabilities	$	263

Discontinued Operations - Schedule of Major Components of Discontinued Operations, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Major components of discontinued operations before income taxes:
Earnings (loss) from discontinued operations, net of tax attributable to FIS	$ 188	$ (708)	$ (6,679)	$ 45	$ (17,473)	$ 32	$ 119	$ 0	$ (7,153)	$ (17,324)	$ 102
Worldpay Merchant Solutions \| Discontinued Operations, Held-for-Sale
Major components of discontinued operations before income taxes:
Revenue									4,859	4,809	4,538
Cost of revenue									(1,662)	(2,604)	(2,640)
Selling, general, and administrative expenses									(1,992)	(1,936)	(1,876)
Asset impairments									(6,844)	(17,606)	(8)
Interest income (expense), net									27	6	(2)
Other, net									63	55	53
Earnings (loss) from discontinued operations related to major classes of pre-tax earnings(loss)									(5,549)	(17,276)	65
Loss on assets held for sale									(1,909)	0	0
Earnings (loss) from discontinued operations									(7,458)	(17,276)	65
Provision (benefit) for income taxes									(301)	52	(32)
Earnings (loss) from discontinued operations, net of tax attributable to FIS									$ (7,157)	$ (17,328)	$ 97

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment
Property and equipment, gross	$ 2,074	$ 1,973
Accumulated depreciation and amortization	(1,379)	(1,264)
Total Property and equipment, net	695	709
Land
Property, Plant and Equipment
Property and equipment, gross	33	33
Buildings
Property, Plant and Equipment
Property and equipment, gross	435	422
Leasehold improvements
Property, Plant and Equipment
Property and equipment, gross	105	113
Computer equipment
Property, Plant and Equipment
Property and equipment, gross	1,387	1,298
Furniture, fixtures, and other equipment
Property, Plant and Equipment
Property and equipment, gross	$ 114	$ 107

Operating Leases - Schedule of Operating Lease Liability Maturity Schedule (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, Payment, Due
2024	$ 92
2025	63
2026	49
2027	30
2028	23
Thereafter	25
Total lease payments	282
Less: Imputed interest	(19)
Total operating lease liabilities	$ 263	$ 318

Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Quarterly Financial Data (unaudited)


2023	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	2,397	$	2,424	$	2,489	$	2,510
Gross profit	828		906		966		975
Operating income	311		351		475		331
Net earnings (loss) from continuing operations	96		85		261		65
Earnings (loss) from discontinued operations, net of tax	45		(6,679)		(708)		188
Net earnings (loss)	141		(6,594)		(447)		253
Net (earnings) loss attributable to noncontrolling interest from continuing operations	—		(1)		(1)		(1)
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	(1)		(1)		(1)		(1)
Net earnings (loss) attributable to FIS	140		(6,596)		(449)		251

Net earnings (loss) attributable to FIS:
Continuing operations	$	96	$	84	$	260	$	64
Discontinued operations	44		(6,680)		(709)		187
Total	$	140	$	(6,596)	$	(449)	$	251

Net earnings (loss) per common share attributable to FIS from continuing operations:
Basic	$	0.16	$	0.14	$	0.44	$	0.11
Diluted	$	0.16	$	0.14	$	0.44	$	0.11

Weighted average common shares outstanding:
Basic	592		592		592		589
Diluted	593		592		592		591

Amounts in tables in the financial statements and accompanying footnotes may not sum or calculate due to rounding.


2022	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	2,370	$	2,408	$	2,415	$	2,526
Gross profit	799		867		881		956
Operating income	202		254		384		379
Net earnings (loss) from continuing operations	121		161		222		111
Earnings (loss) from discontinued operations, net of tax	—		119		32		(17,473)
Net earnings (loss)	121		280		254		(17,362)
Net (earnings) loss attributable to noncontrolling interest from continuing operations	—		(2)		(4)		(2)
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	(1)		(1)		(1)		(1)
Net earnings (loss) attributable to FIS	120		277		249		(17,365)

Net earnings (loss) attributable to FIS:
Continuing operations	$	121	$	159	$	218	$	109
Discontinued operations	(1)		118		31		(17,474)
Total	$	120	$	277	$	249	$	(17,365)

Net earnings (loss) per common share attributable to FIS from continuing operations:
Basic	$	0.20	$	0.26	$	0.36	$	0.18
Diluted	$	0.20	$	0.26	$	0.36	$	0.18

Weighted average common shares outstanding:
Basic	610		608		605		593
Diluted	614		611		607		593

Amounts in tables in the financial statements and accompanying footnotes may not sum or calculate due to rounding.

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Jacksonville, Florida
Auditor Firm ID	185

Discontinued Operations - Cash Flows From Operating and Investing Activities for Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Cash provided by (used in) operating activities - discontinued operations	$ 2,257	$ 2,317	$ 2,539
Cash provided by (used in) investing activities - discontinued operations	(342)	(147)	(1,081)
Cash provided by (used in) financing activities - discontinued operations	(240)	(500)	(144)
Capital expenditures from discontinued operation	342	395	334
Proceeds from sale of Visa preferred stock	$ 0	$ 269	$ 0

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Land	$	33	$	33
Buildings	435		422
Leasehold improvements	105		113
Computer equipment	1,387		1,298
Furniture, fixtures, and other equipment	114		107
	2,074		1,973
Accumulated depreciation and amortization	(1,379)		(1,264)
Total Property and equipment, net	$	695	$	709

Other Noncurrent Assets and Liabilities - Schedule of Other Noncurrent Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other Noncurrent Assets and Liabilities [Abstract]
Operating lease liabilities	$ 178	$ 219
Deferred revenue	149	165
Derivatives	789	641
Other	330	357
Total Other noncurrent liabilities	$ 1,446	$ 1,382

Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Cash and cash equivalents on the consolidated balance sheets	$ 440	$ 456
Merchant float from discontinued operations included in current assets held for sale	2,594	2,625
Cash from discontinued operations included in current assets held for sale	1,380	1,732
Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows	$ 4,414	$ 4,813	$ 4,283	$ 4,030

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation and Management Estimates	The consolidated financial statements include the accounts of FIS, its wholly-owned subsidiaries and subsidiaries that are majority-owned. Noncontrolling interests represent the minority shareholders’ share of the net earnings or loss and equity in consolidated subsidiaries. The Company’s noncontrolling interests presented in the consolidated statements of earnings (loss) include net earnings (loss) attributable to noncontrolling interests and redeemable noncontrolling interests. Noncontrolling interests are presented as a component of equity in the consolidated balance sheets. Noncontrolling interests that are redeemable upon the occurrence of an event that is not solely within the Company’s control are presented outside of equity. All intercompany profits, transactions and balances have been eliminated in consolidation. The preparation of consolidated financial statements in conformity with United States ("U.S") generally accepted accounting principles ("GAAP") and related rules and regulations of the U.S. Securities and Exchange Commission requires our management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. These estimates may change as new events occur and additional information is obtained. Future actual results could differ materially from these estimates. To the extent that there are differences between these estimates, judgments and assumptions and actual results, our consolidated financial statements will be affected.
Cash and Cash Equivalents	The Company considers cash on hand, money market funds and other highly liquid investments with original maturities of three months or less to be cash and cash equivalents. As part of the Company's electronic funds transfer and network business, the Company provides cash settlement services to financial institutions and state and local governments. These services involve the movement of funds among the various parties associated with automated teller machines ("ATM") and point-of-sale or electronic benefit transactions ("EBT"). This activity results in a balance due to the Company at the end of each business day that it recoups over the next few business days. The net in-transit balances due to the Company are included in Cash and cash equivalents on the consolidated balance sheets. The carrying amounts reported in the consolidated balance sheets for these instruments approximate their fair value.
Fair Value Measurements	Fair Value Hierarchy The authoritative accounting literature defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy based on the quality of inputs used to measure fair value. The fair value hierarchy includes three levels that are based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). If the inputs used to measure the fair value fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the asset or liability. The three levels of the fair value hierarchy are described below. Level 1. Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets. Level 2. Inputs to the valuation methodology include the following: •Quoted prices for similar assets or liabilities in active markets; •Quoted prices for identical or similar assets or liabilities in inactive markets; •Inputs other than quoted prices that are observable for the asset or liability; •Inputs that are derived principally from, or corroborated by, observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3. Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Fair Value of Assets Acquired and Liabilities Assumed in Business Combinations In a business combination transaction, an acquirer recognizes, separately from goodwill, the identifiable assets acquired, liabilities assumed, and any noncontrolling interest in the acquiree and generally measures these items at their acquisition date fair values. Goodwill is recorded as the residual amount by which the purchase price exceeds the fair value of the net assets acquired. Fair values are determined using the framework outlined above under Fair Value Hierarchy and the methodologies addressed in the individual subheadings. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, we report provisional amounts in the financial statements for the items for which the accounting is incomplete. Adjustments to provisional amounts initially recorded that are identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined. This includes any effect on earnings of changes in depreciation, amortization, or other income effects as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. During the measurement period, we also recognize additional assets or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets and liabilities as of that date. The measurement period ends the sooner of one year from the acquisition date or when we receive the information we were seeking about facts and circumstances that existed as of the acquisition date or learn that more information is not obtainable. Contingent consideration liabilities or receivables recorded in connection with business acquisitions are also adjusted for changes in fair value until settled. Fair Value of Financial Instruments The carrying amounts reported in the consolidated balance sheets for settlement assets and payables as well as short-term borrowings approximate their fair values because of their immediate or short-term maturities. The fair value of the Company's long-term debt is based on quoted prices of our senior notes and trades of our debt in close proximity to year end, which are considered Level 2-type measurements. The Company also holds, or has held, certain derivative instruments, specifically interest rate swaps, cross-currency interest rate swaps and foreign currency exchange forward contracts, which are also valued using Level 2-type measurements. 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.
Derivative Financial Instruments	The Company enters into derivatives to manage foreign currency and interest rate risk; the Company does not use derivatives for trading purposes, to generate income or to engage in speculative activity. During all periods presented, the Company used cross-currency interest rate swaps to engage in hedging activities relating to changes in foreign currency exchange rates impacting its investment in certain foreign-currency-denominated operations. The Company designated these cross-currency interest rate swaps as net investment hedges. The Company also utilized foreign-currency-denominated debt as non-derivative net investment hedges. During 2023, the Company also utilized cross-currency interest rate swaps to engage in hedging activities relating to its exposure to foreign currency risk associated with its foreign currency-denominated debt. The Company designated these cross-currency interest rate swaps as fair value hedges. During all periods presented, the Company used fixed-to-variable interest rate swaps to engage in hedging activities relating to changes in interest rates impacting the fair value of its fixed-rate long-term debt. The Company designated these interest rate swaps as fair value hedges. During the quarter ended September 30, 2023, the Company de-designated these interest rate swaps as fair value hedges and entered into offsetting variable-to-fixed interest rate swaps. The de-designated and new interest rate swaps are accounted for as economic hedges. During 2023, the Company used foreign currency forward contracts as economic hedges to reduce the foreign currency risk associated with foreign currency-denominated debt expected to be paid off with U.S. dollar proceeds received from the Worldpay Sale during the first quarter of 2024 (see Note 1). During 2022, the Company used foreign currency forward contracts as economic hedges to reduce the foreign currency risk associated with payments due at maturity of the Company's foreign currency-denominated debt and cross-currency interest rate swaps. The Company records all derivatives, whether designated in accounting hedging relationships or not, on the consolidated balance sheets at fair value. The Company's derivative contracts are generally subject to master netting arrangements, which contain various netting and setoff provisions; however, the Company has elected to record derivative assets and liabilities on a gross basis in the accompanying consolidated balance sheets in Prepaid expenses and other current assets; Other noncurrent assets; Accounts payable, accrued and other liabilities; or Other noncurrent liabilities, as appropriate. See Notes 14 and 20 for additional details, including accounting policies.
Allowance for Credit Losses	The Company monitors trade receivable balances and contract assets as well as other receivables and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events, changes in client creditworthiness, client payment terms and collection trends. The allowance for credit losses is separate from the chargeback liability described in Note 3.
Settlement Assets and Payables	The payment solutions that give rise to the settlement balances described below are separate and distinct from those settlement activities referred to under (b) Cash and Cash Equivalents, where the solutions we provide primarily facilitate the movement of funds. We manage certain payment solutions and programs and wealth management processes for our clients that require us to hold and manage client cash balances used to fund their daily settlement activity. Settlement deposits represent funds we hold that were drawn from our clients to facilitate settlement activities. Settlement receivables represent amounts funded by us. Settlement payables consist of settlement deposits from clients, settlement payables to third parties or clients, and outstanding checks related to our settlement activities for which the right of offset does not exist or we do not intend to exercise our right of offset. Our accounting policy for such outstanding checks is to include them in Settlement payables on the consolidated balance sheets and operating cash flows on the consolidated statements of cash flows.
Contract Related Balances and Revenue Recognition	The payment terms and conditions in our customer contracts may vary. In some cases, customers pay in advance of our delivery of solutions or services; in other cases, payment is due as services are performed or in arrears following the delivery of the solutions or services. Differences in timing between revenue recognition and invoicing result in accrued trade receivables, contract assets, or deferred revenue on our consolidated balance sheets. Trade receivables are accrued when revenue is recognized prior to invoicing but the right to payment is unconditional (i.e., only the passage of time is required). This occurs most commonly when software term licenses recognized at a point in time are paid for periodically over the license term. Contract assets result when amounts allocated to distinct performance obligations are recognized when or as control of a solution or service is transferred to the customer but invoicing is contingent on performance of other performance obligations or on completion of contractual milestones. Contract assets are transferred to trade receivables when the rights become unconditional, typically upon invoicing of the related performance obligations in the contract or upon achieving the requisite project milestone. Deferred revenue results from customer payments in advance of our satisfaction of the associated performance obligation(s) and relates primarily to prepaid maintenance or other recurring services. Deferred revenue is relieved as revenue is recognized. Contract assets and deferred revenue are reported on a contract-by-contract basis at the end of each reporting period. At December 31, 2023 and 2022, contract assets of $227 million and $207 million, respectively, are included in Prepaid expenses and other current assets and $240 million and $122 million, respectively are included in Other noncurrent assets on the consolidated balance sheets. Noncurrent deferred revenue is included in Other noncurrent liabilities as detailed in Note 12. Changes in the contract assets and deferred revenue balances for the years ended December 31, 2023 and 2022, were not materially impacted by any factors other than those described above. In some cases, signing bonuses are paid, or credits are offered, to customers in connection with the origination or renewal of customer contracts. These incentives are recorded as Other noncurrent assets on our consolidated balance sheets and amortized on a straight-line basis as a reduction of revenue over the lesser of the useful life of the solution or the expected customer relationship period for new contracts or over the contract period for renewal contracts. The Company generates revenue in a number of ways, including from the delivery of account- or transaction-based processing, SaaS, business process as a service ("BPaaS"), cloud offerings, software licensing, software-related services and professional services. The Company enters into arrangements with customers to provide services, software and software-related services such as maintenance and implementation either individually or as part of an integrated offering. The Company assesses the solutions and services promised in its contracts with customers and identifies a performance obligation for each promise to transfer to the customer a solution or service (or bundle of solutions or services) that is distinct - i.e., if a solution or service is separately identifiable from other items in the bundled package and if a customer can benefit from it on its own or with other resources that are readily available to the customer. To identify its performance obligations, the Company considers all of the solutions or services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. The Company recognizes revenue when or as it satisfies a performance obligation by transferring control of a solution or service to a customer. Revenue is measured based on the consideration that the Company expects to receive in a contract with a customer. The Company's contracts with its customers frequently contain variable consideration. Variable consideration exists when the amount which the Company expects to receive in a contract is based on the occurrence or non-occurrence of future events, such as processing services performed under usage-based pricing arrangements or professional services billed on a time-and-materials basis. Variable consideration is also present in certain transactions in the form of discounts, credits, price concessions, penalties, and similar items. If the amount of a discount or rebate in a contract is fixed and not contingent, that discount or rebate is not variable consideration. The Company estimates variable consideration in its contracts primarily using the expected value method. In some contracts, the Company applies the most likely amount method by considering the single most likely amount in a limited range of possible consideration amounts. The Company develops estimates of variable consideration on the basis of both historical information and current trends. Variable consideration included in the transaction price is constrained such that a significant revenue reversal is not probable. Taxes collected from customers and remitted to governmental authorities are not included in revenue. Postage costs associated with print and mail services are accounted for as a fulfillment cost and are included in cost of revenue. Technology or service components from third parties are frequently embedded in or combined with our applications or service offerings. We are often responsible for billing the client in these arrangements and transmitting the applicable fees to the third party. The Company determines whether it is responsible for providing the third-party solution or service as a principal or for arranging for the solution or service to be provided by the third party as an agent. Judgment is applied to determine whether we are the principal or the agent by evaluating whether the Company has control of the solution or service prior to it being transferred to the customer. The principal versus agent assessment is performed at the performance obligation level. Indicators that the Company considers in determining if it has control include whether the Company is primarily responsible for fulfilling the promise to provide the specified solution or service to the customer, the Company has inventory risk and the Company has discretion in establishing the price the customer ultimately pays for the solution or service. Depending upon the level of our contractual responsibilities and obligations for delivering solutions to end customers, we have arrangements where we are the principal and recognize the gross amount billed to the customer and other arrangements where we are the agent and recognize the net amount retained. The total transaction price of a contract is allocated to each performance obligation in a manner depicting the amount of consideration to which the Company expects to be entitled in exchange for transferring the solution(s) or service(s) to the customer (the "allocation objective"). If the allocation objective is met at contractual prices, no allocation adjustments from contract prices are made. Otherwise, the Company reallocates the transaction price to each performance obligation identified in the contract on a relative standalone selling price basis, except when the criteria are met for allocating variable consideration to one or more, but not all, performance obligations in the contract. The Company allocates variable consideration to one or more, but not all, performance obligations when the terms of the variable payment relate specifically to the Company's efforts to satisfy the performance obligation (or transfer the distinct solution or service) and when such allocation is consistent with the allocation objective when considering all performance obligations in the contract. Determining whether the criteria for allocating variable consideration to one or more, but not all, performance obligations in the contract requires judgment and may affect the timing and amount of revenue recognized. To determine the standalone selling price of its promised solutions or services, the Company conducts a regular analysis to determine whether various solutions or services have an observable standalone selling price. If the Company does not have an observable standalone selling price for a particular solution or service, then the standalone selling price for that particular solution or service is estimated using all information that is reasonably available and maximizing observable inputs using approaches including historical pricing, cost plus a margin, adjusted market assessment, and a residual approach. The following describes the nature of the Company's primary types of revenue and the revenue recognition policies and significant payment terms as they pertain to the types of transactions the Company enters into with its customers. Transaction Processing and Services Revenue Transaction processing and services revenue is primarily comprised of payment processing, data processing, application management, and outsourced services, including our SaaS, BPaaS and cloud offerings. Revenue from transaction processing and services is recurring and is typically volume or activity based depending on factors such as the number of payments, transactions, accounts or trades processed, number of users, number of hours of services or amount of computer resources used. Fees may include tiered pricing structures with the base tier representing a minimum monthly usage fee. Pricing within the tiers typically resets on a monthly basis, and minimum monthly volumes are generally met or exceeded. Contract lengths for processing services typically span one or more years; however, when distinct hosting services are offered, they are often cancelable without a significant penalty with 30-days' notice. Payment is generally due in advance or in arrears on a monthly or quarterly basis and may include fixed or variable payment amounts depending on the specific payment terms and activity in the period. For processing services revenue, the nature of the Company's promise to the customer is to stand ready to provide continuous access to the Company's processing platforms and perform an unspecified quantity of outsourced and transaction processing services for a specified term or terms. Accordingly, processing services are generally viewed as a stand-ready performance obligation comprised of a series of distinct daily services. The Company typically satisfies its processing services performance obligations over time as the services are provided. A time-elapsed output method is used to measure progress because the Company's efforts are expended evenly throughout the period given the nature of the promise is a stand-ready service. The Company has evaluated its variable payment terms related to its processing services revenue accounted for as a series of distinct days of service and concluded that they generally meet the criteria for allocating variable consideration entirely to one or more, but not all, performance obligations in a contract. Accordingly, when the criteria are met, variable amounts based on the number and type of services performed during a period are allocated to, and recognized on, the day in which the Company performs the related services. Fixed fees for processing services are generally recognized ratably over the contract period. Processing revenue also includes network, interchange, and other pass-through fees. Pass-through fees generally represent variable consideration and are allocated to, and recognized on, the day on which the related services are performed. Pass-through fees are billed monthly. Network and interchange fees are presented on a net basis; other pass through fees may be recorded on either a gross or a net basis depending on whether the Company is acting as a principal or an agent. Software Maintenance Revenue Software maintenance is comprised of technical support services and unspecified software updates and upgrades provided on a when-and-if-available basis. Software maintenance revenue is generally based on fixed fees. Payment terms are typically annually, quarterly, or monthly in advance. Contract terms vary and can span multiple years. The Company generally satisfies its maintenance-related performance obligations evenly using a time-elapsed output method over the contract term given there is no discernible pattern of performance. Other Recurring Revenue Other recurring revenue is comprised primarily of services provided by dedicated personnel resources who work full time at client sites and under the client's direction. Revenue from dedicated resource agreements is generally based on fixed monthly fees per resource. Payment terms are typically annually, quarterly, or monthly in advance. Contract terms vary and can span multiple years. The Company generally satisfies its dedicated resource obligations evenly using a time-elapsed output method over the contract term given there is no discernible pattern of performance. Software License Revenue The Company's software licenses generally have significant stand-alone functionality to the customer upon delivery and are considered to be functional intellectual property. Additionally, the nature of the Company's promise in granting these software licenses to a customer is typically to provide the customer a right to use the Company's intellectual property. The Company's software licenses are generally considered distinct performance obligations. Revenue allocated to software licenses is typically recognized at a point in time upon delivery of the license and is non-recurring. Contracts that contain software licenses often have non-standard terms that require significant judgments that may affect the amount and timing of revenue recognized. When a software license requires frequent updates that are integral to maintaining the utility of the license to the customer, the Company combines the software license and the maintenance into a single performance obligation, and revenue for the combined performance obligation is recognized in Other recurring revenue as the maintenance is provided, consistent with the treatment described for maintenance above. When a software license contract also includes professional services that provide significant modification or customization of the software license, the Company combines the software license and professional services into a single performance obligation, and revenue for the combined performance obligation is recognized as the professional services are provided, consistent with the methods described below for professional services revenue. The Company has contracts where the licensed software is offered in conjunction with hosting services. The licensed software may be considered a separate performance obligation from the hosting services if the customer can take possession of the software during the contractual term without incurring a significant penalty and if it is feasible for the customer to run the software on its own infrastructure or hire a third party to host the software. If the licensed software and hosting services are separately identifiable, license revenue is recognized when the hosting services commence and it is within the customer's control to obtain a copy of the software. If the software license is not separately identifiable from the hosting service, then the related revenue for the combined performance obligation is recognized ratably over the hosting period and classified as processing revenue. Occasionally, the Company offers extended payment terms on its license transactions and evaluates whether any potential significant financing components exist. For certain of its business units, the Company will provide a software license through a rental model wherein the customer generally pays for the software license and maintenance in monthly or quarterly installments as opposed to an upfront software license fee. Revenue recognition under these arrangements follows the same recognition pattern as the arrangements outlined above. Judgment is required to determine whether these arrangements contain a significant financing component. The Company evaluates whether there is a significant difference between the amount of promised consideration over the rental term and the cash selling price of the software license, the degree to which financing is the reason for any such difference, and the overall impact of the time value of money on the transaction. If we conclude a significant financing component exists, then the transaction price is adjusted for the time value of money at the Company's incremental borrowing rate by recording a contract asset and interest income. The Company does not adjust the promised amount of consideration for the effects of the time value of money if the difference between the promised consideration and the cash selling price arises for reasons other than the provision of finance or it is expected, at contract inception, that the period between when the Company transfers a promised solution or service to a customer and when the customer pays for that solution or service will be one year or less. Professional Services Revenue Professional services revenue is comprised of implementation, conversion, and programming services associated with the Company's data processing and application management agreements and implementation or installation services related to licensed software. Although this revenue is non-recurring in nature, it is generally recognized over time, with service durations spanning from several weeks to several years, depending on the scope and complexity of the work. Payment terms for professional services may be based on an upfront fixed fee, fixed upon the achievement of milestones, or on a time-and-materials basis. In assessing whether implementation services provided on data processing, application management or software agreements are a distinct performance obligation, the Company considers whether the services are both capable of being distinct (i.e., the customer can benefit from the services alone or in combination with other resources that are readily available to the customer) and distinct within the context of the contract (i.e., the services are separately identifiable from the other performance obligations in the contract). Implementation services and other professional services are typically considered distinct performance obligations. However, when these services involve significant customization or modification of an underlying solution or offering, or if the services are complex and not available from a third-party provider and must be completed prior to a customer having the ability to benefit from a solution or offering, then such services and the underlying solution or offering will be accounted for as a combined performance obligation. The Company's professional services that are accounted for as distinct performance obligations and that are billed on a fixed fee basis are typically satisfied as services are rendered; thus, the Company uses a cost-based input method, such as cost-to-cost or efforts expended (labor hours), to provide a faithful depiction of the transfer of those services. For professional services that are distinct and billed on a time-and-materials basis, revenue is generally recognized using an output method that corresponds with the time and materials billed and delivered, which is reflective of the transfer of the services to the customer. Professional services that are not distinct from an associated solution or offering are recognized over the common measure of progress for the overall performance obligation (typically a time-elapsed output measure that corresponds to the period over which the solution or offering is made available to the customer). Other Non-recurring Revenue Other non-recurring revenue is comprised primarily of hardware, one-time card production, and early termination fees. The Company typically does not stock in inventory the hardware solutions sold but arranges for delivery of hardware from third-party suppliers. The Company determines whether hardware delivered from third-party suppliers should be recognized on a gross or net basis by evaluating whether the Company has control of the solution or service prior to it being transferred to the customer. Equipment and one-time card production revenue is generally recognized at a point in time upon delivery. Early contract terminations are treated as contract modifications. Early termination fees are added to a contract's transaction price once it becomes likely that liquidated damages will be charged to a customer, typically upon notification of early termination. Early termination fees are recognized over the remaining period of the related performance obligation(s). Material Rights Some of the Company's contracts with customers include options for the customer to acquire additional, or renew existing, solutions or services in the future. Options may represent a material right to acquire solutions or services if the discount is incremental to the range of discounts typically given for those solutions or services to that class of customer in that geographical area or market and if the customer would not have obtained the option without entering into the contract. If deemed to be a material right, the Company will account for the material right as a separate performance obligation and determine the standalone selling price based on directly observable prices when available. If the standalone selling price is not directly observable, then the Company estimates the standalone selling price to be equal to the discount that the customer would obtain by exercising the option, as adjusted for any discount that the customer would receive without exercising the option and for the likelihood that the option will be exercised.
Goodwill	Goodwill represents the excess of cost over the fair value of identifiable assets acquired and liabilities assumed in business combinations. Goodwill is not amortized but is assessed for impairment by reporting unit. The Company assesses goodwill for impairment on an annual basis during the fourth quarter or more frequently if circumstances indicate potential impairment. An impairment charge is recognized when and to the extent a reporting unit's carrying amount is determined to exceed its estimated fair value. Our reporting units are the same as our primary operating segments, with additional reporting units for certain non-strategic businesses within the Corporate and Other segment. The Company has the option to first assess qualitatively whether it is more likely than not that a reporting unit's carrying amount exceeds its estimated fair value. The option of whether to perform the qualitative assessment is made annually and may vary by reporting unit. Events and circumstances that are considered in performing the qualitative assessment include macroeconomic conditions, industry and market conditions, cost factors, overall financial performance, events affecting the reporting unit or Company as a whole, including a sustained decrease in stock price. When performing the qualitative assessment, we examine those factors most likely to affect each reporting unit's fair value. If we conclude that it is more likely than not that the reporting unit's fair value is less than its carrying amount (that is, a likelihood of more than 50 percent) as a result of the qualitative assessment, or we elect to bypass the qualitative assessment for a reporting unit, then we perform a quantitative assessment for that reporting unit. In applying the quantitative assessment, we typically engage third-party valuation specialists to assist us in determining the fair value of a reporting unit based on a weighted average of valuation techniques, a combination of an income approach and a market approach, which are Level 3-type measurements. The income approach calculates a value based upon the present value of estimated future cash flows, while the market approach uses earnings multiples of similarly situated guideline public companies. If the fair value of the reporting unit determined using the quantitative analysis exceeds the carrying amount of the reporting unit's net assets, goodwill is not impaired. Both qualitative and quantitative assessments require a significant amount of management judgment involving the use of forecasts, estimates, and assumptions.
Impairment of Long-Lived Assets and Intangible Assets with Finite Useful Lives	Long-lived assets and intangible assets with finite useful lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset, which are Level 3-type measurements. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset.
Intangible Assets	The Company has intangible assets that consist primarily of customer relationships and trademarks (i.e., a collective term for trademarks, trade names, and related intellectual property rights) that are recorded in connection with acquisitions at their fair value based on the results of valuation analyses. Customer relationships and trademarks acquired in business combinations are generally valued using the multi-period excess earnings method and relief-from-royalty method, respectively, which are Level 3-type measurements. Customer relationships are amortized over their estimated useful lives using an accelerated method that takes into consideration expected customer attrition rates up to a 10-year period. Trademarks with finite lives are amortized over periods ranging up to five years. Intangible assets with finite lives are reviewed for impairment following the same approach as long-lived assets.
Software	Software includes software acquired in business combinations, purchased software and capitalized software development costs. Software acquired in business combinations is generally valued using the relief-from-royalty method, a Level 3-type measurement. Purchased software is recorded at cost and amortized using the straight-line method over its estimated useful life, and software acquired in business combinations is recorded at its fair value and amortized using straight-line or accelerated methods over its estimated useful life, typically ranging from one to 10 years. The capitalization of software development costs is based on whether the software is to be sold, leased or otherwise marketed, or if the software is for internal use. After the technological feasibility of the software has been established (for software to be marketed) or at the beginning of application development (for internal-use software), software development costs, which primarily include salaries and related payroll costs and costs of independent contractors incurred during development, are capitalized. Research and development costs incurred prior to the establishment of technological feasibility (for software to be marketed) or prior to application development (for internal-use software) are expensed as incurred. Software development costs are amortized on a solution-by-solution basis commencing on the date of general release (for software to be marketed) or the date placed in service (for internal-use software). Software development costs for software to be marketed are amortized using the greater of (1) the straight-line method over its estimated useful life, which typically ranges from three to 10 years, or (2) the ratio of current revenue to total anticipated revenue over its useful life. The Company reviews software assets for impairment at each reporting date. For software to be marketed, an impairment charge is recorded to the extent the carrying amount exceeds the net realizable value. Internal-use software is reviewed for impairment following the same approach as long-lived assets. Determining net realizable values and future cash flows involves judgments and the use of estimates and assumptions regarding future economic and market conditions. Adverse changes in these conditions could result in an impairment charge which could be material to our consolidated financial statements. See Note 9 for software asset impairment losses and incremental software amortization expense recognized during the years ended December 31, 2023, 2022 and 2021.
Deferred Contract Costs	The Company incurs costs as a result of both the origination and fulfillment of our contracts with customers. Origination costs relate primarily to the payment of sales commissions that are directly related to sales transactions. Fulfillment costs include the cost of implementation services related to software as a service ("SaaS") and other cloud-based arrangements when the implementation service is not distinct from the ongoing service. When origination costs and fulfillment costs that will be used to satisfy future performance obligations are directly related to the execution of our contracts with customers, and the costs are recoverable under the contract, the costs are capitalized as a deferred contract cost. Impairment losses are recognized if the carrying amounts of the deferred contract costs are not recoverable. Origination costs for contracts that contain a distinct software license recognized at a point in time are allocated between the license and all other performance obligations of the contract and amortized according to the pattern of performance for the respective obligations. Otherwise, origination costs are capitalized as a single asset for each contract or portfolio of similar contracts and amortized using an appropriate single measure of performance considering all of the performance obligations in the contracts. The Company amortizes origination costs over the expected benefit period to which the deferred contract cost relates. Origination costs related to initial contracts with a customer are amortized over the lesser of the useful life of the solution or the expected customer relationship period. Commissions paid on renewals are amortized over the renewal period. Capitalized fulfillment costs are amortized over the lesser of the useful life of the solution or the expected customer relationship period. See Note 10 for deferred contract cost asset impairment losses during 2021 and incremental amortization expense recognized during the years ended December 31, 2023, 2022 and 2021. There were no significant deferred contract cost asset impairment losses recognized during the years ended December 31, 2023 and 2022.
Property and Equipment	Property and equipment is recorded at cost, less accumulated depreciation and amortization. Depreciation and amortization are computed primarily using the straight-line method based on the estimated useful lives of the related assets typically as follows: 30 years for buildings and three to seven years for furniture, fixtures and computer equipment. Leasehold improvements are amortized using the straight-line method over the lesser of the initial term of the applicable lease or the estimated useful lives of such assets.
Income Taxes	The Company recognizes deferred income tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities and expected benefits of using net operating loss and credit carryforwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The impact on deferred income taxes of changes in tax rates and laws, if any, is reflected in the consolidated financial statements in the period enacted. A valuation allowance is established for any portion of a deferred income tax asset for which management believes it is more likely than not that the Company will not be able to realize the benefits of all or a portion of that deferred income tax asset. Certain of the Company's earnings are indefinitely reinvested offshore and could be subject to additional income tax if repatriated. It is not practicable to determine the unrecognized deferred tax liability on a hypothetical distribution of those earnings.
Operating Leases	The Company leases certain of its property, primarily real estate, under operating leases. Operating lease right-of-use ("ROU") assets are included in Other noncurrent assets, and operating lease liabilities are included in Accounts payable, accrued and other liabilities and Other noncurrent liabilities on the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term, and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of fixed lease payments over the lease term. Operating lease ROU assets also include any prepaid lease payments and exclude lease incentives received. The Company uses an incremental borrowing rate based on information available at commencement date in determining the present value of lease payments. Lease term for accounting purposes may include options to extend (generally ranging from one to five years) or to terminate the lease when it is reasonably certain that the Company will exercise that option. For certain equipment leases, the Company applies a portfolio approach to effectively account for the operating lease ROU assets and liabilities. Lease agreements may include lease and related non-lease components, which are accounted for as a single lease component. Fixed costs included in the measurement of ROU assets are recognized as operating lease cost generally on a straight-line basis over the lease term. Certain leases require the Company to pay taxes, insurance, maintenance and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the ROU assets and lease liabilities to the extent they are variable in nature; instead, they are recognized as variable lease cost when incurred.
Cost of Revenue and Selling, General and Administrative Expenses	Cost of revenue consists of costs directly associated with providing solutions or services to clients and includes payroll, employee benefits and other costs associated with personnel employed in customer service and service delivery roles as well as third-party costs involved in fulfillment of performance obligations for which the Company is acting as a principal. Cost of revenue also includes data processing costs, amortization of software, customer relationship and trademark intangible assets, and depreciation on operating assets. Selling, general and administrative expenses include payroll, employee benefits and other costs associated with personnel employed in sales, marketing, human resources, finance, risk management and other administrative roles, as well as acquisition, integration and certain other costs that are not considered when management evaluates revenue-generating segment performance. Selling, general and administrative expenses also include depreciation on non-operating corporate assets as well as advertising and other marketing-related program costs.
Stock-Based Compensation Plans	The Company accounts for stock-based compensation plans using the fair value method. Thus, compensation cost is measured based on the fair value of the award at the grant date and is recognized over the service period. For our service-based stock awards, we recognize the compensation cost on a straight-line basis over the award's service period, which is generally three years. For our performance-based stock awards with market conditions which typically cliff vest on the third anniversary date of the grant, we recognize the compensation cost on a straight-line basis over the service period when it is probable the outcome of that performance condition will be achieved. The Company adjusts the compensation expense over the service period based upon the expected achievement level of the applicable performance condition. Certain of our stock awards contain only market conditions. In those circumstances, compensation cost is recognized over the service period and is not reversed even if the award does not become exercisable in the event the market condition is not achieved. The Company estimates future forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ significantly from those estimates.
Foreign Currency Translation	Our functional currency is the U.S. dollar. The functional currency of each of our operating subsidiaries is generally the currency of the economic environment in which the subsidiary primarily does business. Our foreign subsidiaries with non-U.S. dollar functional currencies are translated into U.S. dollars for consolidation purposes using the foreign exchange rates applicable to the dates of the financial statements. Generally, these consist of the exchange rates in effect at the balance sheet date for balance sheet accounts and the average exchange rates in effect during the relevant period for revenue and expense accounts. The adjustments resulting from the translation are included in Accumulated other comprehensive earnings (loss) in the consolidated statements of equity and consolidated statements of comprehensive earnings and are excluded from net earnings. Gains or losses resulting from measuring foreign currency transactions into the respective functional currency are included in Other income (expense), net in the consolidated statements of earnings.
Net Earnings (Loss) per Share	The basic weighted average shares and common stock equivalents for the years ended December 31, 2023, 2022 and 2021, are computed using the treasury stock method.
Recent Accounting Guidance Not Yet Adopted	In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet a quantitative threshold. Further, the ASU requires certain disclosures of state versus federal income tax expense and taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 31, 2024. Early adoption is permitted for annual financial statements that have not yet been issued. The amendments should be applied on a prospective basis although retrospective application is permitted. We are currently evaluating the impact of adoption on our financial disclosures. In November 2023, the FASB used ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires that an entity disclose significant segment expenses impacting profit and loss that are regularly provided to the chief operating decision maker. The update is required to be applied retrospectively to prior periods presented, based on the significant segment expense categories identified and disclosed in the period of adoption. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of adoption of our financial disclosures
Certain Reclassifications	Certain reclassifications have been made in the 2022 and 2021 consolidated financial statements to conform to the classifications used in 2023. As a result of our ongoing portfolio assessments, the Company reclassified certain businesses from Capital Markets to Banking and to Corporate and Other during the quarter ended March 31, 2023, and reclassified certain non-strategic operations from Banking to Corporate and Other during the quarter ended December 31, 2023. The Company recast all prior-period segment information presented to reflect these reclassifications. See Note 22 for more information regarding our segments. December 31, 2023, was the final deadline for states to complete all benefit issuance under federally funded pandemic relief programs. Accordingly, revenue associated with services the Company provided related to these programs has been classified within the Banking segment as Other non-recurring commencing during the quarter ended December 31, 2023, and related prior-period amounts have been reclassified from Transaction processing and services to Other non-recurring for comparability. See Note 5 for further information. During January 2024, the Company agreed to include in the Worldpay Sale an equity security investment with a book value of $30 million. As of September 30, 2023, the value of this investment had been properly recorded as Other noncurrent assets within continuing operations on the consolidated balance sheets at September 30, 2023, and December 31, 2022. As a result of the subsequent decision to convey this asset in the Worldpay Sale, the amount of this asset has been reclassified and is now presented within these financial statements as Noncurrent assets held for sale at December 31, 2023 and 2022, and is reported within Other noncurrent assets within discontinued operations (see Note 3).

Operating Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Operating Lease Balance Sheet Classification

The classification of the Company's operating lease ROU assets and liabilities in the consolidated balance sheets as of December 31, 2023 and 2022, is as follows (in millions):


		December 31,
	Classification	2023		2022
Operating lease ROU assets	Other noncurrent assets	$	214	$	251

Operating lease liabilities	Accounts payable, accrued and other liabilities	$	85	$	99
	Other noncurrent liabilities	178		219
Total operating lease liabilities		$	263	$	318

Schedule of Operating Lease Liability Maturity Schedule

Maturities of operating lease liabilities, as of December 31, 2023, are as follows (in millions):


2024	$	92
2025	63
2026	49
2027	30
2028	23
Thereafter	25
Total lease payments	282
Less: Imputed interest	(19)
Total operating lease liabilities	$	263

Consolidated Statements of Equity - USD ($)
shares in Millions, $ in Millions

Total

Common shares

Treasury shares

Additional paid-in capital

Retained earnings

Accumulated other comprehensive earnings (loss)

Noncontrolling interest

^[1]

Beginning balance (in shares) at Dec. 31, 2020

621

Beginning balance (in shares) at Dec. 31, 2020

(1)

Beginning balance at Dec. 31, 2020

$ 49,313

$ 6

$ (150)

$ 45,947

$ 3,440

$ 57

$ 13

Increase (Decrease) in Stockholders' Equity

Issuance of restricted stock (in shares)

Issuance of restricted stock

Exercise of stock options

128

Purchases of treasury stock (in shares)

(15)

Purchases of treasury stock

(1,996)

$ (1,996)

Treasury shares held for taxes due upon exercise of stock awards

(120)

$ (120)

Stock-based compensation

383

Cash dividends declared and other distributions

(977)

(968)

(9)

Other

Net earnings (loss)

424

417

Other comprehensive earnings (loss), net of tax

195

Ending balance (in shares) at Dec. 31, 2021

625

Ending balance (in shares) at Dec. 31, 2021

(16)

Ending balance at Dec. 31, 2021

47,358

$ 6

$ (2,266)

46,466

2,889

252

Increase (Decrease) in Stockholders' Equity

Issuance of restricted stock (in shares)

Issuance of restricted stock

$ 12

(7)

Exercise of stock options

Purchases of treasury stock (in shares)

(21)

Purchases of treasury stock

(1,829)

$ (1,829)

Treasury shares held for taxes due upon exercise of stock options (in shares)

(2)

Treasury shares held for taxes due upon exercise of stock awards

(109)

$ (109)

Stock-based compensation

215

Cash dividends declared and other distributions

(1,150)

(1,140)

(10)

Net earnings (loss)

(16,713)

(16,720)

Other comprehensive earnings (loss), net of tax

$ (612)

(612)

Ending balance (in shares) at Dec. 31, 2022

630

Ending balance (in shares) at Dec. 31, 2022

(39)

Ending balance at Dec. 31, 2022

$ 27,226

$ 6

$ (4,192)

46,735

(14,971)

(360)

Increase (Decrease) in Stockholders' Equity

Issuance of restricted stock (in shares)

Issuance of restricted stock

Exercise of stock options

Purchases of treasury stock (in shares)

(9)

Purchases of treasury stock

(510)

$ (510)

Treasury shares held for taxes due upon exercise of stock awards

(22)

$ (22)

Stock-based compensation

153

Cash dividends declared and other distributions

(1,248)

(1,239)

(9)

Other

Net earnings (loss)

(6,647)

(6,654)

Other comprehensive earnings (loss), net of tax

$ 100

100

Ending balance (in shares) at Dec. 31, 2023

631

Ending balance (in shares) at Dec. 31, 2023

(48)

Ending balance at Dec. 31, 2023

$ 19,099

$ 6

$ (4,724)

$ 46,935

$ (22,864)

$ (260)

$ 6

[1]	Excludes redeemable noncontrolling interest that is not considered equity. See Note 4, Virtus Acquisition, for additional information.

Other Noncurrent Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Other Noncurrent Assets and Liabilities [Abstract]

Schedule of Other Noncurrent Assets

Other noncurrent assets as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Operating lease ROU assets (1)	$	214	$	251
Equity security investments	195		281
Derivatives	172		330
Other	947		813
Total Other noncurrent assets	$	1,528	$	1,675

Schedule of Other Noncurrent Liabilities

Other noncurrent liabilities as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Operating lease liabilities (1)	$	178	$	219
Deferred revenue	149		165
Derivatives	789		641
Other	330		357
Total Other noncurrent liabilities	$	1,446	$	1,382

(1)See Note 15, Operating Leases

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Securities and Shareholder Matters On March 6, 2023, a putative class action was filed in the United States District Court for the Middle District of Florida by a shareholder of the Company. The action was consolidated with another action and the consolidated case is now captioned In re Fidelity National Information Services, Inc. Securities Litigation. A lead plaintiff has been appointed, and a consolidated amended complaint was filed on August 2, 2023. The consolidated amended complaint names the Company and certain of its current and former officers as defendants and seeks damages for alleged violations of federal securities laws in connection with our disclosures relating to our former Merchant Solutions segment, including with respect to its valuation, integration, and synergies. Defendants filed a motion to dismiss the consolidated amended complaint with prejudice on September 22, 2023. We intend to vigorously defend this case, but no assurance can be given as to the ultimate outcome. On April 27, 2023, a shareholder derivative action captioned Portia McCollum, derivatively on behalf of Fidelity National Information Services, Inc. v. Gary Norcross et al., was filed in the same court by a stockholder of the Company. Plaintiff dismissed the suit without prejudice and sent a demand pursuant to Georgia Code § 14-2-742. Another stockholder, City of Hialeah Employees' Retirement System, sent a similar demand. The demands claim that FIS officers and directors violated federal securities laws and breached fiduciary duties, including with respect to the valuation, integration, and synergies of our former Merchant Solutions segment, and they demand that the Board investigate and commence legal proceedings against officers and directors in connection with the purported wrongdoing. On August 25, 2023, the Board established a Demand Review Committee to consider the demands and make recommendations to the Board with respect to the demands, and the Demand Review Committee has hired independent counsel. The Board has made no final decision with respect to the demands and has not rejected the demands. On October 18, 2023, a shareholder derivative action captioned City of Hialeah Employees' Retirement System v. Stephanie L. Ferris et al. was filed in the same court by one of the stockholders that previously had sent a demand. The complaint, which names certain of the Company's current and former officers and directors as defendants, seeks to assert claims on behalf of the Company for violations of federal securities laws, breach of fiduciary duty, unjust enrichment, and contribution and indemnification, including with respect to the valuation, integration, and synergies of our former Merchant Solutions segment. The Board has instructed the Company to move to stay or dismiss the action without prejudice pending the completion of the Board's consideration of the demands. Brazilian Tax Authorities Claims In 2004, Proservvi Empreendimentos e Servicos, Ltda., the predecessor to Fidelity National Servicos de Tratamento de Documentos e Informatica Ltda. ("Servicos"), a subsidiary of Fidelity National Participacoes Ltda., our former item processing and remittance services operation in Brazil, acquired certain assets and employees and leased certain facilities from the Transpev Group ("Transpev") in Brazil. Transpev's remaining assets were later acquired by Prosegur, an unrelated third party. When Transpev discontinued its operations after the asset sale to Prosegur, it had unpaid federal taxes and social contributions owing to the Brazilian tax authorities. The Brazilian tax authorities brought a claim against Transpev and, beginning in 2012, brought claims against Prosegur and Servicos on the grounds that Prosegur and Servicos were successors in interest to Transpev. To date, the Brazilian tax authorities have filed 18 claims against Servicos, of which 16 are still active, asserting potential tax liabilities of approximately $13 million. There are potentially 20 additional claims against Transpev/Prosegur for which Servicos is named as a co-defendant or may be named but for which Servicos has not yet been served. These additional claims amount to approximately $32 million, making the total potential exposure for all 36 claims approximately $45 million. We do not believe a liability for these 36 total claims is probable and, therefore, have not recorded a liability for any of these claims. Indemnifications and Warranties The Company generally indemnifies its clients, subject to certain limitations and exceptions, against damages and costs resulting from claims of patent, copyright, or trademark infringement associated solely with its customers' use of the Company's solutions. Historically, the Company has not made any material 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, in which case it 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 material costs have been incurred related to software warranties, and no accruals for warranty costs have been made. Purchase Commitments The Company has agreements with various vendors, generally with one- to five-year terms, principally for software, maintenance, and consulting and outsourced services, including cloud hosting and data centers. The Company's estimated aggregate contractual obligation remaining under these agreements is approximately $868 million as of December 31, 2023. However, this amount could be more or less depending on various factors such as the inflation rate, foreign exchange rates, the introduction of significant new technologies, or changes in the Company's processing needs. The foregoing amounts do not include obligations of the Company under operating leases.

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 2.08	$ 1.88	$ 1.56

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Trade receivables, net	$ 31	$ 31
FIS stockholders’ equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	631,000,000	630,000,000
Treasury stock, shares (in shares)	48,000,000	39,000,000

Other Noncurrent Assets and Liabilities - Schedule of Other Noncurrent Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other Noncurrent Assets and Liabilities [Abstract]
Operating lease ROU assets	$ 214	$ 251
Equity security investments	195	281
Derivatives	172	330
Other	947	813
Total Other noncurrent assets	$ 1,528	$ 1,675

Segment Information - Schedule of Financial Information for the Company's Segments (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Revenue	$ 2,510	$ 2,489	$ 2,424	$ 2,397	$ 2,526	$ 2,415	$ 2,408	$ 2,370	$ 9,821	$ 9,719	$ 9,339
Depreciation and amortization (including purchase accounting amortization)									2,675	3,846	4,015
Asset impairments									113	103	194
Asset impairments									(113)	(103)	(194)
Other income (expense), net									(183)	4	(109)
Provision (benefit) for income taxes									(157)	(325)	(403)
Net earnings (loss) from discontinued operations, net of tax	188	(708)	(6,679)	45	(17,473)	32	119	0	(7,153)	(17,324)	102
Equity method investment earnings (loss)									0	0	6
Net earnings attributable to noncontrolling interest	(1)	(1)	(1)	0	(2)	(4)	(2)	0	(7)	(12)	(7)
Net earnings (loss) attributable to FIS common stockholders	$ 251	$ (449)	$ (6,596)	$ 140	$ (17,365)	$ 249	$ 277	$ 120	(6,654)	(16,720)	417
Capital expenditures									833	1,059	953
Capital lease obligations									53	63	35
Banking Solutions
Segment Reporting Information
Capital expenditures									433	502	446
Capital Market Solutions
Segment Reporting Information
Capital expenditures									269	271	221
Corporate and Other
Segment Reporting Information
Capital expenditures									131	286	286
Operating Segments
Segment Reporting Information
Revenue									9,821	9,719	9,339
Operating expenses									(8,354)	(8,501)	(8,299)
Depreciation and amortization (including purchase accounting amortization)									1,743	1,879	1,871
Acquisition, integration and other costs									482	581	511
Asset impairments									113	103	194
Indirect Worldpay business support costs									167	180	153
Adjusted EBITDA									3,972	3,961	3,769
Acquisition, integration and other costs									(482)	(581)	(511)
Asset impairments									(113)	(103)	(194)
Indirect Worldpay business support costs									(167)	(180)	(153)
Operating Segments \| Banking Solutions
Segment Reporting Information
Revenue									6,733	6,624	6,361
Operating expenses									(4,403)	(4,339)	(4,051)
Depreciation and amortization (including purchase accounting amortization)									598	597	584
Acquisition, integration and other costs									0	0	0
Asset impairments									0	0	0
Indirect Worldpay business support costs									0	0	0
Adjusted EBITDA									2,928	2,882	2,894
Acquisition, integration and other costs									0	0	0
Asset impairments									0	0	0
Indirect Worldpay business support costs									0	0	0
Operating Segments \| Capital Market Solutions
Segment Reporting Information
Revenue									2,766	2,631	2,495
Operating expenses									(1,730)	(1,624)	(1,577)
Depreciation and amortization (including purchase accounting amortization)									354	331	317
Acquisition, integration and other costs									0	0	0
Asset impairments									0	0	0
Indirect Worldpay business support costs									0	0	0
Adjusted EBITDA									1,390	1,338	1,235
Acquisition, integration and other costs									0	0	0
Asset impairments									0	0	0
Indirect Worldpay business support costs									0	0	0
Operating Segments \| Corporate and Other
Segment Reporting Information
Revenue									322	464	483
Operating expenses									(2,221)	(2,538)	(2,671)
Depreciation and amortization (including purchase accounting amortization)									791	951	970
Acquisition, integration and other costs									482	581	511
Asset impairments									113	103	194
Indirect Worldpay business support costs									167	180	153
Adjusted EBITDA									(346)	(259)	(360)
Acquisition, integration and other costs									(482)	(581)	(511)
Asset impairments									(113)	(103)	(194)
Indirect Worldpay business support costs									(167)	(180)	(153)
Segment reconciling items
Segment Reporting Information
Acquisition, integration and other costs									482	581	511
Asset impairments									113	103	194
Indirect Worldpay business support costs									167	180	153
Adjusted EBITDA									3,972	3,961	3,769
Depreciation and amortization									(1,047)	(1,101)	(1,035)
Purchase accounting amortization									(696)	(778)	(836)
Acquisition, integration and other costs									(482)	(581)	(511)
Asset impairments									(113)	(103)	(194)
Indirect Worldpay business support costs									(167)	(180)	(153)
Interest expense, net									(621)	(281)	(212)
Other income (expense), net									(183)	4	(109)
Provision (benefit) for income taxes									$ (157)	$ (325)	$ (403)

Related-Party Transactions	12 Months Ended
Related-Party Transactions	Dec. 31, 2023
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company held a noncontrolling ownership stake in Cardinal Holdings ("Cardinal"), which operated the Capco consulting business, through April 29, 2021, when we sold our ownership stake due to an acquisition transaction of the Capco consulting business by Wipro Ltd. As a result of the transaction, we received net cash proceeds of approximately $367 million and recorded an approximate $225 million gain in Other income (expense), net on the consolidated statement of earnings (loss). The Company also purchases services and software licenses from Cardinal from time to time. Cardinal was a related party through April 29, 2021. Amounts transacted through these agreements were not significant to the 2021 period presented when Cardinal was a related party. In connection with the closing of the Worldpay Sale, we entered into several agreements with certain Worldpay entities, as further described in Note 24.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net earnings (loss)	$ (6,647)	$ (16,708)	$ 424
Adjustment to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization	2,675	3,846	4,015
Amortization of debt issuance costs	29	31	30
Asset impairments	6,957	17,709	202
Loss on assets held for sale	1,909	0	0
Loss (gain) on sale of businesses, investments and other	97	(53)	(227)
Loss on extinguishment of debt	0	0	528
Stock-based compensation	154	215	383
Deferred income taxes	(705)	(544)	(81)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade and other receivables	124	(155)	(552)
Settlement activity	151	287	653
Prepaid expenses and other assets	(198)	(319)	(526)
Deferred contract costs	(480)	(479)	(453)
Deferred revenue	32	21	23
Accounts payable, accrued liabilities, and other liabilities	237	88	391
Net cash provided by operating activities	4,335	3,939	4,810
Cash flows from investing activities:
Additions to property and equipment	(142)	(268)	(320)
Additions to software	(980)	(1,122)	(931)
Acquisitions, net of cash acquired	(202)	0	(767)
Net proceeds from sale of businesses and investments	45	50	370
Settlement of net investment hedge cross-currency interest rate swaps	(20)	726	(24)
Proceeds from sale of Visa preferred stock	0	269	0
Other investing activities, net	(53)	(28)	(99)
Net cash provided by (used in) investing activities	(1,352)	(373)	(1,771)
Cash flows from financing activities:
Borrowings	93,119	75,335	54,073
Repayment of borrowings and other financing obligations	(94,513)	(74,410)	(53,440)
Debt issuance costs	(3)	(23)	(74)
Net proceeds from stock issued under stock-based compensation plans	41	57	121
Treasury stock activity	(522)	(1,938)	(2,114)
Dividends paid	(1,231)	(1,138)	(961)
Payments on contingent value rights	0	(245)	0
Payments on tax receivable agreement	(197)	(185)	(85)
Purchase of noncontrolling interest	(173)	0	0
Other financing activities, net	(14)	(26)	(58)
Net cash provided by (used in) financing activities	(3,493)	(2,573)	(2,538)
Effect of foreign currency exchange rate changes on cash	111	(463)	(248)
Net increase (decrease) in cash, cash equivalents and restricted cash	(399)	530	253
Cash, cash equivalents and restricted cash, beginning of year	4,813	4,283	4,030
Cash, cash equivalents and restricted cash, end of year	4,414	4,813	4,283
Supplemental cash flow information:
Cash paid for interest	696	417	491
Cash paid for income taxes	$ 402	$ 963	$ 440

Discontinued Operations - Schedule of Settlement Assets of Disposal Group (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Settlement assets
Settlement deposits	$ 56	$ 55
Merchant float	2,594	2,625
Settlement receivables	4,077	2,584
Total Settlement assets	$ 6,727	$ 5,264

Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Land	$	33	$	33
Buildings	435		422
Leasehold improvements	105		113
Computer equipment	1,387		1,298
Furniture, fixtures, and other equipment	114		107
	2,074		1,973
Accumulated depreciation and amortization	(1,379)		(1,264)
Total Property and equipment, net	$	695	$	709

During the years ended December 31, 2023 and 2022, the Company entered into other financing obligations of $53 million and $63 million, respectively, for certain hardware and software. The assets are included in property and equipment and software and the other financing obligations are classified as long-term debt on our consolidated balance sheets. Periodic payments are included in repayment of borrowings on the consolidated statements of cash flows.

Depreciation and amortization expense on property and equipment totaled $165 million, $186 million and $178 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, Percent
Federal statutory income tax rate	21.00%	21.00%	21.00%
State income taxes	5.70%	6.00%	5.40%
Federal benefit of state taxes	(1.00%)	(1.30%)	(1.10%)
Foreign rate differential	0.80%	2.00%	1.20%
Withholding on actual and estimated remittances	2.40%	1.20%	3.20%
Tax loss (benefit) from stock-based compensation	2.30%	4.00%	(2.40%)
U.K. tax rate adjustment	(0.10%)	0.30%	25.80%
Non-deductible executive compensation	0.60%	0.30%	3.70%
Foreign-derived intangible income deduction and other			0.40%
Foreign-derived intangible income deduction	(3.40%)	(1.10%)
Research and development credit	(1.80%)	0.00%	(1.20%)
Unrecognized tax benefits	(0.40%)	(0.40%)	1.10%
Return to provision	(1.70%)	0.00%	(0.30%)
Other	(0.60%)	2.50%	(0.80%)
Effective income tax rate	23.80%	34.50%	56.00%

Components of Other Comprehensive Earnings (Loss)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Components of Other Comprehensive Earnings (Loss)

The following table shows Accumulated other comprehensive earnings (loss) attributable to FIS by component, net of tax, for the years ended December 31, 2023, 2022 and 2021 (in millions):


	Change in Fair Value of Net Investment Hedges		Foreign Currency Translation Adjustments		Other		Total
Balances, December 31, 2020	$	(1,183)	$	1,326	$	(86)	$	57
Other comprehensive earnings (loss) before reclassifications	878		(697)		4		185
Amounts reclassified from accumulated other comprehensive earnings	—		—		10		10
Balances, December 31, 2021	(305)		629		(72)		252
Other comprehensive earnings (loss) before reclassifications	1,034		(1,682)		36		(612)
Balances, December 31, 2022	729		(1,053)		(36)		(360)
Other comprehensive earnings (loss) before reclassifications	(501)		548		53		100
Balances, December 31, 2023	$	228	$	(505)	$	17	$	(260)

See Note 16 for the tax provision associated with each component of other comprehensive earning (loss).

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
-Paragraph 13
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Software - Schedule of Software (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Computer Software
Gross capitalized computer software	$ 4,162	$ 4,341
Accumulated amortization	(2,047)	(2,286)
Total Software, net	2,115	2,055
Software from acquisitions
Computer Software
Gross capitalized computer software	754	702
Capitalized software development costs
Computer Software
Gross capitalized computer software	2,775	2,946
Purchased software
Computer Software
Gross capitalized computer software	$ 633	$ 693

Insider Trading Arrangements	3 Months Ended	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2023 shares	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Mr. Jeffrey Goldstein [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the quarter ended December 31, 2023, Mr. Jeffrey Goldstein, Independent Chair of the Company’s Board of Directors, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c). Under the plan, which was adopted on November 16, 2023, Mr. Goldstein instructed his broker to purchase shares of FIS common stock each quarter in an amount approximately equal to his cash director fees, which are paid quarterly in equal installments. The aggregate purchase price for shares to be purchased under the plan is $220,000. The trading plan will expire on the earlier of January 31, 2025 or the date on which all purchases under the plan have been completed. Mr. Goldstein has informed the Company that he intends to continue to use the full amount of his cash director fees to purchase FIS common stock for so long as he remains a Director of the Company.
Name	Mr. Jeffrey Goldstein
Title	Independent Chair of the Company’s Board of Directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 16, 2023
Arrangement Duration	442 days
Aggregate Available	220,000	220,000

Deferred Contract Costs - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Capitalized Contract Cost
Amortization of capitalized contract costs	$ 310	$ 324	$ 312
Platform Modernization
Capitalized Contract Cost
Amortization of capitalized contract costs	$ 6	$ 34	33
Impairment loss			$ 58

Employee Benefit Plans - Schedule of Stock Option Activity (Details) - Stock Options - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance (in shares)	8
Granted (in shares)	2	1	2
Exercised (in shares)	(1)
Cancelled (in shares)	(1)
Ending balance (in shares)	8	8
Options exercisable (shares)	6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Beginning balance (in dollars per share)	$ 101.60
Granted (in dollars per share)	78.42	$ 95.06	$ 142.92
Exercised (in dollars per share)	61.70
Cancelled (in dollars per share)	92.78
Ending balance (in dollars per share)	100.19	$ 101.60
Options exercisable (in dollars per share)	$ 105.64
Weighted Average Remaining Contractual Term (Years)	3 years 3 months 18 days	3 years 1 month 6 days
Weighted average remaining contractual term, options exercisable	2 years 1 month 6 days
Aggregate intrinsic value	$ 0	$ 6
Aggregate intrinsic value, exercised	8	$ 20	$ 107
Aggregate intrinsic value, options exercisable	$ 0

Related-Party Transactions - Narrative (Details) - Cardinal Holdings - Discontinued Operations, Disposed of by Sale $ in Millions	Apr. 29, 2021 USD ($)
Related Party Transaction
Cash proceeds	$ 367
Gain in other income (expense)	$ 225

Software

12 Months Ended

Dec. 31, 2023

Research and Development [Abstract]

Software

Software as of December 31, 2023 and 2022, consists of the following (in millions):


	2023		2022
Software from acquisitions	$	754	$	702
Capitalized software development costs	2,775		2,946
Purchased software	633		693
	4,162		4,341
Accumulated amortization	(2,047)		(2,286)
Total Software, net	$	2,115	$	2,055

During the years ended December 31, 2023, 2022 and 2021, the Company recorded $81 million, $31 million and $136 million, respectively, of software asset impairments and $18 million, $75 million and $76 million, respectively, of incremental software amortization expense driven by the Company's platform modernization. Platform modernization includes sunsetting certain technology platforms, which resulted in shortened estimated useful lives and accelerated amortization methods primarily impacting the associated assets over an approximate three-year period, beginning in the third quarter of 2021.

Amortization expense for software was $588 million, $640 million and $637 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Employee Benefit Plans

Stock Purchase Plan

FIS employees participate in an Employee Stock Purchase Plan ("ESPP"). Eligible employees may voluntarily purchase, at current market prices, shares of FIS' common stock through payroll deductions. Pursuant to the ESPP, employees may contribute an amount between 3% and 15% of their base salary and certain commissions. Shares purchased are allocated to employees based upon their contributions. The Company contributes a matching amount as specified in the ESPP of 20% of the employee's contribution. The Company recorded expense in continuing operations of $11 million, $17 million, and $18 million, respectively, for the years ended December 31, 2023, 2022 and 2021, relating to the participation of FIS employees in the ESPP. The Company recorded expense in discontinued operations of $1 million, $2 million and $2 million, respectively, for the years ended December 31, 2023, 2022 and 2021, relating to the participation of FIS employees in the ESPP.

401(k) Profit Sharing Plan and Non-U.S. Defined Contribution Plans

The Company's U.S. employees are covered by a qualified 401(k) plan. Eligible employees may contribute up to 40% of their eligible compensation, up to the annual amount allowed pursuant to the Internal Revenue Code. The Company generally matches 50% of each dollar of employee contribution up to 6% of the employee's total eligible compensation. The Company's non-U.S. employees are also covered by various defined contribution plans. The Company recorded expense in continuing operations of $106 million, $109 million and $97 million, respectively, for the years ended December 31, 2023, 2022 and 2021, relating to the participation of FIS employees in the 401(k) plan and the Company's contributions to non-U.S. defined contribution plans. The Company recorded expense in discontinued operations of $29 million, $25 million and $21 million, respectively, for the years ended December 31, 2023, 2022 and 2021, relating to the participation of FIS employees in the 401(k) plan and the Company’s contributions to non-U.S. defined contribution plans.

Stock Compensation Plans

The Company grants to certain employees equity awards pursuant to shares authorized under the FIS 2022 Omnibus Incentive Plan established in 2022 ("FIS Plan"). The number of shares available for future grants under the FIS Plan is 24 million as of December 31, 2023.

On January 1, 2021, the Company established a Qualified Retirement Equity Program that modified our existing stock compensation plans. The modification implemented a new retirement policy that permits retirees that meet certain eligibility criteria to continue vesting in unvested equity awards in accordance with the terms of the respective grant agreements, resulting in accelerated stock compensation expense for those employees meeting the definition of retirement eligible. The Company recorded in continuing operations $69 million in accelerated stock compensation expense included in Selling, general, and administrative expenses and recorded in discontinued operations $35 million in accelerated stock compensation expense

included in earnings (loss) from discontinued operations in the consolidated statement of earnings (loss) to reflect the impact of the modification on unvested equity awards outstanding at January 1, 2021.

Stock Options

The Company grants stock options which typically vest annually over three years. All stock options are non-qualified stock options, the stock options granted by the Company expire on the seventh anniversary of the grant date, and the stock options converted through the Company's 2019 acquisition of Worldpay expire on the tenth anniversary of the grant date.

The following table summarizes stock option activity for the year ended December 31, 2023, which includes both continuing and discontinued operations (in millions except for per share amounts):


	Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Balance, December 31, 2022	8	$	101.60	3.1	$	6
Granted	2	78.42
Exercised	(1)	61.70			$	8
Cancelled	(1)	92.78
Balance, December 31, 2023	8	$	100.19	3.3	$	—

Options exercisable at December 31, 2023	6	$	105.64	2.1	$	—

The intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021, was $8 million, $20 million and $107 million, respectively. The intrinsic value of the outstanding options and options exercisable is based on a closing stock price as of December 31, 2023, of $60.07. The Company issues authorized but unissued shares or shares from treasury stock to settle stock options exercised.

The number of options granted for the years ended December 31, 2023, 2022 and 2021, was 2 million, 1 million and 2 million, respectively. The weighted average exercise price was $78.42, $95.06 and $142.92 for the years ended December 31, 2023, 2022 and 2021, respectively.

The weighted average fair value of options granted during the years ended December 31, 2023, 2022 and 2021, was $12.91, $20.89 and $29.01, respectively, using the Black-Scholes option pricing model with the assumptions below:


	2023		2022		2021
Risk free interest rate	4.2	%	1.7	%	0.6	%
Volatility	37.6	%	30.5	%	27.6	%
Dividend yield	3.3	%	2.0	%	1.1	%
Weighted average expected life (years)	4.1		4.1		4.1

The Company estimates future forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ significantly from those estimates. The Company bases the risk-free interest rate that is used in the Black-Scholes model on U.S. Treasury securities issued with maturities similar to the expected term of the options. The expected stock volatility factor is determined using historical daily price of the common stock and the impact of any expected trends. The dividend yield assumption is based on the current dividend yield at the grant date or management's forecasted expectations. The expected life assumption is determined by calculating the average term from the Company's historical stock option activity and considering the impact of future trends.

Restricted Stock Units and Performance Stock Units

The Company issues restricted stock units, which typically vest annually over three years. The grant date fair value of the restricted stock units is based on the fair market value of our common stock on the grant date. The number of restricted stock units granted during the years ended December 31, 2023, 2022 and 2021, was 3 million, 1 million and 1 million, respectively.

The weighted average grant date fair value of these awards granted during the years ended December 31, 2023, 2022 and 2021, was $61.34, $92.07 and $138.76, respectively. The total fair value of restricted stock units that vested was $40 million, $261 million and $241 million in 2023, 2022 and 2021, respectively.

The Company grants performance-based stock units that typically cliff vest on the third anniversary date of the grant. The ultimate number of units to be earned depends on the achievement of performance conditions. Some performance-based stock units also include market conditions. The performance conditions are typically based on a measure of the Company’s annual revenue growth and Adjusted EBITDA margin expansion (see Note 22 for a definition of Adjusted EBITDA). The market conditions are based on the Company’s total shareholder return ranked against that of other companies that are included in the Standard & Poor’s 500 Index. The fair value of each performance-based stock unit with only performance conditions is based on the fair value of our common stock on the grant date. The fair value of each performance-based stock unit with a market condition is estimated on the date of grant using a Monte Carlo simulation model with the following weighted-average assumptions:


	2023		2022		2021
Risk free interest rate	4.6	%	1.6	%	0.3	%
Volatility	37.2	%	34.2	%	32.1	%
Dividend yield	3.3	%	2.0	%	1.1	%

The number of performance-based stock units granted during the years ended December 31, 2023, 2022 and 2021, was less than 1 million, 2 million and 1 million, respectively. The weighted average grant date fair value of these awards granted during the years ended December 31, 2023, 2022 and 2021, was $65.43, $99.27 and $130.04, respectively. The total fair value of the performance-based stock units that vested was $10 million, $35 million and $57 million in 2023, 2022 and 2021, respectively.

The following table summarizes the restricted stock units and performance stock units activity for the year ended December 31, 2023, which includes both continuing and discontinued operations (in millions except for per share amounts):


	Restricted Stock Units			Performance Stock Units
	(In millions)			(In millions)
	Shares	Weighted Average Fair Value		Shares	Weighted Average Fair Value
Balance December 31, 2022	2	$	103.63	2	$	104.52
Granted	3	$	61.34	—	$	65.43
Vested	(1)	$	107.05	—	$	110.02
Forfeited	—	$	81.39	—	$	112.38
Balance December 31, 2023	4	$	70.24	2	$	96.33

Stock Compensation Cost

The Company recorded total stock compensation expense in continuing operations of $120 million, $189 million and $283 million for the years ended December 31, 2023, 2022 and 2021, respectively, included in Selling, general, and administrative expenses in the consolidated statements of earnings (loss). The Company recorded total stock compensation expense in discontinued operations of $34 million, $26 million and $100 million for the years ended December 31, 2023, 2022 and 2021, respectively. Stock compensation expense related to grants with performance conditions is recorded based on management's expected level of achievement of the financial performance measures during the performance period and is adjusted as appropriate throughout the performance period based on the shares expected to be earned. The 2021 stock compensation expense includes $69 million in continuing operations and $35 million in discontinued operations in accelerated stock compensation expense resulting from the Qualified Retirement Equity Program modification, described further above.

As of December 31, 2023 and 2022, the total unrecognized compensation cost including continuing and discontinued operations related to non-vested stock awards is $219 million and $179 million, respectively. The total unrecognized compensation cost as of December 31, 2023 and 2022, includes $166 million and $136 million, respectively, related to continuing operations, which is expected to be recognized in pre-tax income over a weighted average period of 1.4 years and 1.5 years, respectively.

Segment Information - Schedule of Acquisition, Integration and Other Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Acquisition and integration	$ 48	$ 50	$ 79
Stock-based compensation, primarily from certain performance-based awards	34	26	100
Total acquisition, integration and other costs	482	581	511
One-Time Performance-Related Awards
Segment Reporting Information
Stock-based compensation, primarily from certain performance-based awards	15	83	0
Accelerated stock compensation expense - qualified equity retirement program	0	0	155
Worldpay Merchant Solutions
Segment Reporting Information
Pending separation of the Worldpay Merchant Solutions business	17	0	0
Enterprise Costs Control and Other Initiatives
Segment Reporting Information
Other, including divestiture-related expenses and enterprise cost control and other initiatives	20	80	160
Platform Initiatives \| Enterprise Cost Control Initiatives and Changes in Senior Management
Segment Reporting Information
Severance and other termination expenses, including those associated with enterprise cost control initiatives and changes in senior management	70	89	10
Future Forward \| Platform Modernization
Segment Reporting Information
Enterprise transformation, including Future Forward and platform modernization	$ 312	$ 279	$ 107

Debt - Schedule of Short-term Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt
Total Short-term borrowings	$ 4,760	$ 3,755
Senior Commercial Paper Notes \| FIS Credit Agreement \| ECP Notes
Short-term Debt
Short term debt, weighted average interest rate	4.10%
Maturities	183 days
Commercial paper	$ 2,118	2,054
Senior Commercial Paper Notes \| FIS Credit Agreement \| USCP Notes
Short-term Debt
Short term debt, weighted average interest rate	5.70%
Maturities	397 days
Commercial paper	$ 2,642	$ 1,701

Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue
Revenue	$ 2,510	$ 2,489	$ 2,424	$ 2,397	$ 2,526	$ 2,415	$ 2,408	$ 2,370	$ 9,821	$ 9,719	$ 9,339
Other non-recurring
Disaggregation of Revenue
Revenue									151	112	168
Total recurring
Disaggregation of Revenue
Revenue									7,847	7,607	7,216
Total recurring \| Transaction processing and services
Disaggregation of Revenue
Revenue									6,580	6,443	6,070
Total recurring \| Software maintenance
Disaggregation of Revenue
Revenue									897	858	869
Total recurring \| Other recurring
Disaggregation of Revenue
Revenue									370	306	277
Other non-recurring \| Software license
Disaggregation of Revenue
Revenue									508	537	502
Other non-recurring \| Professional services
Disaggregation of Revenue
Revenue									962	1,059	1,047
Other non-recurring \| Other non-recurring
Disaggregation of Revenue
Revenue									504	516	574
North America
Disaggregation of Revenue
Revenue									7,681	7,559	7,172
All others
Disaggregation of Revenue
Revenue									2,140	2,160	2,167
Operating Segments
Disaggregation of Revenue
Revenue									9,821	9,719	9,339
Operating Segments \| Banking Solutions
Disaggregation of Revenue
Revenue									6,733	6,624	6,361
Operating Segments \| Banking Solutions \| Total recurring
Disaggregation of Revenue
Revenue									5,572	5,353	5,093
Operating Segments \| Banking Solutions \| Total recurring \| Transaction processing and services
Disaggregation of Revenue
Revenue									4,960	4,785	4,545
Operating Segments \| Banking Solutions \| Total recurring \| Software maintenance
Disaggregation of Revenue
Revenue									364	358	376
Operating Segments \| Banking Solutions \| Total recurring \| Other recurring
Disaggregation of Revenue
Revenue									248	210	172
Operating Segments \| Banking Solutions \| Other non-recurring \| Software license
Disaggregation of Revenue
Revenue									131	160	131
Operating Segments \| Banking Solutions \| Other non-recurring \| Professional services
Disaggregation of Revenue
Revenue									562	632	600
Operating Segments \| Banking Solutions \| Other non-recurring \| Other non-recurring
Disaggregation of Revenue
Revenue									468	479	537
Operating Segments \| Banking Solutions \| North America
Disaggregation of Revenue
Revenue									5,802	5,709	5,480
Operating Segments \| Banking Solutions \| All others
Disaggregation of Revenue
Revenue									931	915	881
Operating Segments \| Capital Market Solutions
Disaggregation of Revenue
Revenue									2,766	2,631	2,495
Operating Segments \| Capital Market Solutions \| Total recurring
Disaggregation of Revenue
Revenue									1,993	1,830	1,677
Operating Segments \| Capital Market Solutions \| Total recurring \| Transaction processing and services
Disaggregation of Revenue
Revenue									1,381	1,274	1,136
Operating Segments \| Capital Market Solutions \| Total recurring \| Software maintenance
Disaggregation of Revenue
Revenue									531	498	489
Operating Segments \| Capital Market Solutions \| Total recurring \| Other recurring
Disaggregation of Revenue
Revenue									81	58	52
Operating Segments \| Capital Market Solutions \| Other non-recurring \| Software license
Disaggregation of Revenue
Revenue									369	377	371
Operating Segments \| Capital Market Solutions \| Other non-recurring \| Professional services
Disaggregation of Revenue
Revenue									391	419	437
Operating Segments \| Capital Market Solutions \| Other non-recurring \| Other non-recurring
Disaggregation of Revenue
Revenue									13	5	10
Operating Segments \| Capital Market Solutions \| North America
Disaggregation of Revenue
Revenue									1,712	1,566	1,445
Operating Segments \| Capital Market Solutions \| All others
Disaggregation of Revenue
Revenue									1,054	1,065	1,050
Operating Segments \| Corporate and Other
Disaggregation of Revenue
Revenue									322	464	483
Operating Segments \| Corporate and Other \| Total recurring
Disaggregation of Revenue
Revenue									282	424	446
Operating Segments \| Corporate and Other \| Total recurring \| Transaction processing and services
Disaggregation of Revenue
Revenue									239	384	389
Operating Segments \| Corporate and Other \| Total recurring \| Software maintenance
Disaggregation of Revenue
Revenue									2	2	4
Operating Segments \| Corporate and Other \| Total recurring \| Other recurring
Disaggregation of Revenue
Revenue									41	38	53
Operating Segments \| Corporate and Other \| Other non-recurring \| Software license
Disaggregation of Revenue
Revenue									8	0	0
Operating Segments \| Corporate and Other \| Other non-recurring \| Professional services
Disaggregation of Revenue
Revenue									9	8	10
Operating Segments \| Corporate and Other \| Other non-recurring \| Other non-recurring
Disaggregation of Revenue
Revenue									23	32	27
Operating Segments \| Corporate and Other \| North America
Disaggregation of Revenue
Revenue									167	284	247
Operating Segments \| Corporate and Other \| All others
Disaggregation of Revenue
Revenue									$ 155	$ 180	$ 236

Financial Instruments

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Fair Value Hedges

The Company held fixed-to-variable interest rate swaps with aggregate notional amounts of $1,854 million, £925 million and €500 million at December 31, 2023 and 2022, respectively. Prior to the quarter ended September 30, 2023, these swaps were designated as fair value hedges for accounting purposes, converting the interest rate exposure on certain of the Company's Senior USD Notes, Senior GBP Notes and Senior Euro Notes, as applicable, from fixed to variable. While designated as fair value hedges, changes in fair value of these interest rate swaps were recorded as an adjustment to long-term debt. During the quarter ended September 30, 2023, the Company de-designated these swaps as fair value hedges. As a result of the de-designations, the final fair value basis adjustments recorded through the dates of de-designation as a decrease of the long-term debt are now amortized as interest expense using the effective interest method over the remaining periods to maturity of the respective long-term debt. The fair value basis adjustments recorded as a decrease of the long-term debt totaled $594 million, net of amortization, as of December 31, 2023, with $41 million amortized as Interest expense for the year ending December 31, 2023 (see Note 13). At December 31, 2022, the fair value basis adjustments recorded as a decrease of the long-term debt totaled $578 million with a corresponding liability of $578 million recorded for the fair value of the interest rate swaps.

Concurrently with the de-designations described above, the Company entered into new offsetting variable-to-fixed interest rate swaps with aggregate notional amounts of $1,854 million, £925 million and €500 million. The Company accounts for the de-designated fixed-to-variable and offsetting variable-to-fixed interest rate swaps as economic hedges; as such, effective as of the de-designation dates, changes in interest rates associated with the variable leg of the interest rate swaps do not affect the interest expense recognized, eliminating variable-rate risk on the fixed-to-variable interest rate swaps. The terms of the new interest rate swaps when matched against the terms of the existing fixed-to-variable interest rate swaps result in a net fixed coupon spread payable by the Company. The impact of the go-forward changes in fair values of the new and existing interest rate swaps, including the impact of the coupons, is recorded as Other income (expense), net pursuant to accounting for economic hedges and totaled $(52) million for the year ended December 31, 2023. The coupon payments are recorded within Other investing activities, net on the consolidated statements of cash flows and totaled $28 million cash outflows for the year ended December 31, 2023. The new and existing interest rate swaps are recorded at fair value, totaling $12 million assets and $675 million liabilities at December 31, 2023.

During the quarter ended September 30, 2023, the Company entered into an aggregate notional amount of €3,375 million fixed-for-fixed cross-currency interest rate swaps to hedge its exposure to foreign currency risk associated with its Senior Euro Notes. During the quarter ended June 30, 2023, the Company entered into an aggregate notional amount of £925 million fixed-for-fixed cross-currency interest rate swaps to hedge its exposure to foreign currency risk associated with its Senior GBP Notes. These swaps are designated as fair value hedges for accounting purposes with an asset fair value of $134 million recorded at December 31, 2023. Changes in the swap fair values attributable to changes in spot foreign currency exchange rates are

recorded in Other income (expense), net and totaled $61 million for the year ended December 31, 2023. This amount offset the impact of changes in spot foreign currency exchange rates on the Senior GBP Notes and Senior Euro Notes also recorded to Other income (expense), net during the hedge period. Changes in swap fair values attributable to excluded components, such as changes in fair value due to forward foreign currency exchange rates and cross-currency basis spreads, are recorded in Accumulated other comprehensive earnings (loss) and totaled $74 million for the year ended December 31, 2023. The amounts recorded in Accumulated other comprehensive earnings (loss) impact net earnings (loss) through Interest expense using the amortization approach. For the year ended December 31, 2023, $20 million was recognized as Interest expense using the amortization approach.

Net Investment Hedges

The purpose of the Company's net investment hedges, as discussed below, is to reduce the volatility of FIS' net investment value in its Euro- and Pound Sterling-denominated operations due to changes in foreign currency exchange rates. Changes in fair value due to remeasurement of the effective portion are recorded as a component of Accumulated other comprehensive earnings (loss) ("AOCI"), net of tax, for net investment hedges. The amounts included in AOCI for the net investment hedges will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. Any ineffective portion of these hedging instruments impacts net earnings when the ineffectiveness occurs. The Company assesses effectiveness of cross-currency interest rate swap hedging instruments using the spot method. Under this method, the periodic interest settlements are recorded directly in earnings through Interest expense (see Note 13).

The Company recorded net investment hedge aggregate gain (loss) for the change in fair value and related income tax (expense) benefit within Other comprehensive earnings (loss), net of tax, on the consolidated statements of comprehensive earnings (loss) for its designated net investments hedges as follows (in millions). No ineffectiveness has been recorded on the net investment hedges.


	Years ended December 31,
	2023		2022		2021
Foreign currency-denominated debt designations	$	(138)	$	534	$	486
Cross-currency interest rate swap designations	(363)		500		392
Total	$	(501)	$	1,034	$	878

Foreign Currency-Denominated Debt Designations

The Company has designated certain foreign currency-denominated debt as net investment hedges of its investment in Euro- and Pound Sterling-denominated operations. As of December 31, 2023 and 2022, an aggregate €1,534 million and €7,646 million, respectively was designated as a net investment hedge of the Company's investment in Euro-denominated operations related to Senior Euro Notes with maturities ranging from 2024 to 2025 and ECP Notes. As of December 31, 2023, no GBP-denominated debt was designated as a net investment hedge. As of December 31, 2022, an aggregate £726 million was designated as a net investment hedge of the Company's Pound Sterling-denominated operations related to the Senior GBP Notes.

During the quarters ended September 30, 2023, and June 30, 2023, the Company de-designated certain Senior Euro Notes and Senior GBP Notes as net investment hedges due to the new fair value hedges noted above. During the quarter ended September 30, 2023, the Company also de-designated €1,500 million of ECP Notes as a net investment hedge and entered into foreign currency forward contracts with a corresponding €1,500 million aggregate notional amount to hedge its exposure to foreign currency risk associated with ECP Notes that are expected to be paid off with U.S. dollar proceeds received from the Worldpay Sale during the first quarter of 2024 (see Note 1). The change in fair value of the foreign currency forward contracts is recorded as Other income (expense), net pursuant to accounting for economic hedges and offsets the impact of the change in spot foreign currency exchange rates on the de-designated ECP Notes, which is also recorded as Other income (expense), net. The foreign currency forward contract fair values totaled a net asset of $41 million at December 31, 2023.

Cross-Currency Interest Rate Swap Designations

The Company holds cross-currency interest rate swaps designated as net investment hedges of its investment in Euro- and Pound Sterling-denominated operations.

As of December 31, 2023 and 2022, aggregate notional amounts of €6,143 million and €6,343 million, respectively, were designated as net investment hedges of the Company's investment in Euro-denominated operations, and aggregate notional amounts of £2,180 million and £2,580 million, respectively, were designated as net investment hedges of the Company's Pound Sterling-denominated operations. The cross-currency interest rate swap fair values totaled assets of $38 million and $336 million and liabilities of $240 million and $72 million at December 31, 2023 and 2022, respectively.

During the years ended December 31, 2023 and 2022, the Company (paid) received net proceeds of approximately $(20) million and $726 million, respectively, for the fair values of the cross-currency interest rate swaps as of the settlement dates. The proceeds were recorded within investing activities on the consolidated statements of cash flows. Following the settlement of the existing cross-currency interest rate swaps during 2022, the Company entered into new cross-currency interest rate swaps at current market terms with similar notional amounts and maturity dates as the settled cross-currency interest rate swaps.

Intangible Assets - Schedule of Estimated Amortization of Intangibles for the Next Five Years (Details) $ in Millions	Dec. 31, 2023 USD ($)
Estimated Amortization of Intangibles
2024	$ 634
2025	560
2026	192
2027	161
2028	$ 143

Goodwill

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Changes in goodwill during the years ended December 31, 2023 and 2022, are summarized below (in millions).


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Balance, December 31, 2021	$	12,566	$	4,341	$	20	$	16,927
Foreign currency adjustments	(30)		(81)		—		(111)
Balance, December 31, 2022	12,536		4,260		20		16,816
Goodwill attributable to acquisitions	37		64		—		101
Foreign currency adjustments	15		39		—		54
Balance, December 31, 2023	$	12,588	$	4,363	$	20	$	16,971

For our Banking and Capital Markets reporting units, for which previous third-party valuations have historically indicated substantial excess of fair value over carrying amounts, our 2021 qualitative annual assessment concluded that it remained more likely than not that the fair value of each of the reporting units continued to exceed their respective carrying amounts. For 2022, we performed a quantitative annual assessment which again concluded that the fair values of these reporting units substantially

exceeded their respective carrying amounts. For 2023, we performed a qualitative annual assessment of these reporting units and concluded that it remained more likely than not that the fair values of these reporting units continued to exceed their respective carrying amounts. Given the substantial excess of fair value over carrying amounts, we believe the likelihood of obtaining materially different results based on a change of assumptions to be low.

The total carrying amount of goodwill as of December 31, 2023, 2022 and 2021, is net of accumulated impairment charges of $94 million which relates to non-strategic businesses within Corporate and Other.

Operating Leases - Schedule of Operating Lease Balance Sheet Classification (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease ROU assets	$ 214	$ 251
Operating lease liabilities	85	99
Operating lease liabilities, noncurrent	178	219
Total operating lease liabilities	$ 263	$ 318
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other noncurrent assets	Other noncurrent assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts Payable and Accrued Liabilities, Current	Accounts Payable and Accrued Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other noncurrent liabilities	Other noncurrent liabilities

Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes In Goodwill

Changes in goodwill during the years ended December 31, 2023 and 2022, are summarized below (in millions).


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Balance, December 31, 2021	$	12,566	$	4,341	$	20	$	16,927
Foreign currency adjustments	(30)		(81)		—		(111)
Balance, December 31, 2022	12,536		4,260		20		16,816
Goodwill attributable to acquisitions	37		64		—		101
Foreign currency adjustments	15		39		—		54
Balance, December 31, 2023	$	12,588	$	4,363	$	20	$	16,971

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Consolidated Statements of Comprehensive Earnings (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ (6,647)	$ (16,708)	$ 424
Other comprehensive earnings (loss), before tax:
Foreign currency translation adjustments	586	(2,042)	(730)
Change in fair value of net investment hedges	(677)	1,395	1,195
Excluded components of fair value hedges	74	0	0
Other adjustments	1	39	14
Other comprehensive earnings (loss), before tax	(16)	(608)	479
Provision for income tax (expense) benefit related to items of other comprehensive earnings (loss)	116	(4)	(284)
Other comprehensive earnings (loss), net of tax	100	(612)	195
Comprehensive earnings (loss)	(6,547)	(17,320)	619
Net (earnings) loss attributable to noncontrolling interest from continuing operations	(7)	(12)	(7)
Comprehensive earnings (loss) attributable to FIS common stockholders	$ (6,554)	$ (17,332)	$ 612

Consolidated Statements of Earnings (Loss) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 9,821	$ 9,719	$ 9,339
Cost of revenue	6,145	6,216	5,990
Gross profit	3,676	3,503	3,349
Selling, general and administrative expenses	2,096	2,182	2,115
Asset impairments	113	103	194
Operating income	1,467	1,218	1,040
Other income (expense):
Interest income	92	17	2
Interest expense	(713)	(298)	(214)
Other income (expense), net	(183)	4	(109)
Total other income (expense), net	(804)	(277)	(321)
Earnings (loss) before income taxes and equity method investment earnings (loss)	663	941	719
Provision (benefit) for income taxes	157	325	403
Equity method investment earnings (loss)	0	0	6
Net earnings (loss) from continuing operations	506	616	322
Earnings (loss) from discontinued operations, net of tax	(7,153)	(17,324)	102
Net earnings (loss)	(6,647)	(16,708)	424
Net (earnings) loss attributable to noncontrolling interest from continuing operations	(3)	(8)	(2)
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	(4)	(4)	(5)
Net earnings (loss) attributable to FIS	(6,654)	(16,720)	417
Net earnings (loss) attributable to FIS:
Continuing operations	503	608	320
Discontinued operations	(7,157)	(17,328)	97
Net earnings (loss) attributable to FIS	$ (6,654)	$ (16,720)	$ 417
Basic earnings (loss) per common share attributable to FIS:
Basic (in dollars per share)	$ 0.85	$ 1.01	$ 0.52
Discontinued operations (in dollars per share)	(12.11)	(28.69)	0.16
Basic earnings (loss) per common share attributable to FIS (in dollars per share)	(11.26)	(27.68)	0.68
Diluted earnings (loss) per common share attributable to FIS:
Diluted (in dollars per share)	0.85	1.01	0.52
Discontinued operations (in dollars per share)	(12.11)	(28.69)	0.16
Diluted earnings (loss) per common share attributable to FIS (in dollars per share)	$ (11.26)	$ (27.68)	$ 0.67
Weighted average common shares outstanding:
Basic (in shares)	591	604	616
Diluted (in shares)	591	604	621

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Business Acquisitions

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs for the years ended December 31, 2023, 2022 and 2021, comprised of the following (in millions):


	2023		2022		2021

Acquisition and integration	$	48	$	50	$	79
Enterprise transformation, including Future Forward and platform modernization	312		279		107
Severance and other termination expenses, including those associated with enterprise cost control initiatives and changes in senior management	70		89		10
Pending separation of the Worldpay Merchant Solutions business	17		—		—
Stock-based compensation, primarily from certain performance-based awards	15		83		—
Accelerated stock compensation expense - qualified equity retirement program	—		—		155
Other, including divestiture-related expenses and enterprise cost control and other initiatives	20		80		160
Total acquisition, integration and other costs	$	482	$	581	$	511

Amounts in table may not sum due to rounding.

Schedule of Financial Information for the Company's Segments

Summarized financial information for the Company's segments is shown in the following tables. The Company does not evaluate performance or allocate resources based on segment asset data; therefore, such information is not presented.

As of and for the year ended December 31, 2023 (in millions):


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Revenue	$	6,733	$	2,766	$	322	$	9,821
Operating expenses	(4,403)		(1,730)		(2,221)		(8,354)
Depreciation and amortization (including purchase accounting amortization)	598		354		791		1,743
Acquisition, integration and other costs	—		—		482		482
Asset impairments	—		—		113		113
Indirect Worldpay business support costs	—		—		167		167
Adjusted EBITDA	$	2,928	$	1,390	$	(346)	$	3,972

Adjusted EBITDA							$	3,972
Depreciation and amortization							(1,047)
Purchase accounting amortization							(696)
Acquisition, integration and other costs							(482)
Asset impairments							(113)
Indirect Worldpay business support costs							(167)
Interest expense, net							(621)
Other income (expense), net							(183)
(Provision) benefit for income taxes							(157)
Net earnings (loss) from discontinued operations, net of tax							(7,153)
Net earnings attributable to noncontrolling interest							(7)
Net earnings (loss) attributable to FIS common stockholders							$	(6,654)
Capital expenditures (1)	$	433	$	269	$	131	$	833

(1) Capital expenditures include $53 million in other financing obligations for certain hardware and software.

As of and for the year ended December 31, 2022 (in millions):


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Revenue	$	6,624	$	2,631	$	464	$	9,719
Operating expenses	(4,339)		(1,624)		(2,538)		(8,501)
Depreciation and amortization (including purchase accounting amortization)	597		331		951		1,879
Acquisition, integration and other costs	—		—		581		581
Asset impairments	—		—		103		103
Indirect Worldpay business support costs	—		—		180		180
Adjusted EBITDA	$	2,882	$	1,338	$	(259)	$	3,961

Adjusted EBITDA							$	3,961
Depreciation and amortization							(1,101)
Purchase accounting amortization							(778)
Acquisition, integration and other costs							(581)
Asset impairments							(103)
Indirect Worldpay business support costs							(180)
Interest expense, net							(281)
Other income (expense), net							4
(Provision) benefit for income taxes							(325)
Net earnings (loss) from discontinued operations, net of tax							(17,324)
Net earnings attributable to noncontrolling interest							(12)
Net earnings attributable to FIS common stockholders							$	(16,720)
Capital expenditures (1)	$	502	$	271	$	286	$	1,059

(1) Capital expenditures include $63 million in other financing obligations for certain hardware and software.

As of and for the year ended December 31, 2021 (in millions):


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Revenue	$	6,361	$	2,495	$	483	$	9,339
Operating expenses	(4,051)		(1,577)		(2,671)		(8,299)
Depreciation and amortization (including purchase accounting amortization)	584		317		970		1,871
Acquisition, integration and other costs	—		—		511		511
Asset impairments	—		—		194		194
Indirect Worldpay business support costs	—		—		153		153
Adjusted EBITDA	$	2,894	$	1,235	$	(360)	3,769

Adjusted EBITDA							$	3,769
Depreciation and amortization							(1,035)
Purchase accounting amortization							(836)
Acquisition, integration and other costs							(511)
Asset impairments							(194)
Indirect Worldpay business support costs							(153)
Interest expense, net							(212)
Other income (expense), net							(109)
(Provision) benefit for income taxes							(403)
Net earnings (loss) from discontinued operations							102
Equity method investment earnings (loss)							6
Net earnings attributable to noncontrolling interest							(7)
Net earnings attributable to FIS common stockholders							$	417
Capital expenditures (1)	$	446	$	221	$	286	$	953

(1) Capital expenditures include $35 million in other financing obligations for certain hardware and software.

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 440	$ 456
Settlement assets	617	592
Trade receivables, net of allowance for credit losses of $31 and $31, respectively	1,730	1,834
Other receivables	287	437
Prepaid expenses and other current assets	603	509
Current assets held for sale	10,111	8,990
Total current assets	13,788	12,818
Property and equipment, net	695	709
Goodwill	16,971	16,816
Intangible assets, net	1,823	2,468
Software, net	2,115	2,055
Other noncurrent assets	1,528	1,675
Deferred contract costs, net	1,076	973
Noncurrent assets held for sale	17,109	25,764
Total assets	55,105	63,278
Current liabilities:
Accounts payable, accrued and other liabilities	1,859	1,583
Settlement payables	635	613
Deferred revenue	832	777
Short-term borrowings	4,760	3,755
Current portion of long-term debt	1,348	2,130
Current liabilities held for sale	8,884	7,366
Total current liabilities	18,318	16,224
Long-term debt, excluding current portion	12,970	14,206
Deferred income taxes	2,179	2,689
Other noncurrent liabilities	1,446	1,382
Noncurrent liabilities held for sale	1,093	1,371
Total liabilities	36,006	35,872
Redeemable noncontrolling interest	0	180
FIS stockholders’ equity:
Preferred stock, $0.01 par value, 200 shares authorized, none issued and outstanding as of December 31, 2023 and 2022	0	0
Common stock, $0.01 par value, 750 shares authorized, 631 and 630 shares issued as of December 31, 2023 and 2022, respectively	6	6
Additional paid in capital	46,935	46,735
(Accumulated deficit) retained earnings	(22,864)	(14,971)
Accumulated other comprehensive earnings (loss)	(260)	(360)
Treasury stock, $0.01 par value, 48 and 39 common shares as of December 31, 2023 and 2022, respectively, at cost	(4,724)	(4,192)
Total FIS stockholders’ equity	19,093	27,218
Noncontrolling interest	6	8
Total equity	19,099	27,226
Total liabilities, redeemable noncontrolling interest and equity	$ 55,105	$ 63,278

Virtus Acquisition	12 Months Ended
Virtus Acquisition	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Virtus Acquisition	Virtus Acquisition On January 2, 2020, FIS acquired a majority interest in Virtus Partners ("Virtus"), previously a privately held company that provides high-value managed services and technology to the credit and loan market. The acquisition was accounted for as a business combination. FIS acquired a 70% voting and financial interest in Virtus with 30% interest retained by the founders of Virtus ("Founders"). The agreement between FIS and the Founders provided FIS with a call option to purchase, and the Founders with a put option requiring FIS to purchase, all of the Founders' retained interest in Virtus at a redemption value determined pursuant to performance goals stated in the agreement, exercisable at any time after two years and three years, respectively, following the acquisition date. In January 2023, the Founders exercised their put option, and as a result, FIS paid the $173 million redemption value, recorded as a financing activity in the consolidated statement of cash flows, and now owns 100% of Virtus.

Other Noncurrent Assets and Liabilities

12 Months Ended

Dec. 31, 2023

Other Noncurrent Assets and Liabilities [Abstract]

Other Noncurrent Assets and Liabilities

Other noncurrent assets as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Operating lease ROU assets (1)	$	214	$	251
Equity security investments	195		281
Derivatives	172		330
Other	947		813
Total Other noncurrent assets	$	1,528	$	1,675

Other noncurrent liabilities as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Operating lease liabilities (1)	$	178	$	219
Deferred revenue	149		165
Derivatives	789		641
Other	330		357
Total Other noncurrent liabilities	$	1,446	$	1,382

(1)See Note 15, Operating Leases

Equity Security Investments

The Company holds various equity securities without readily determinable fair values that primarily represent strategic investments made by the Company as well as investments obtained through acquisitions. Such investments totaled $195 million and $281 million at December 31, 2023 and 2022, respectively, and are included within Other noncurrent assets on the consolidated balance sheets. The Company accounts for these investments at cost, less impairment, and adjusts the carrying values for observable price changes from orderly transactions for identical or similar investments of the same issuer. These adjustments are generally considered Level 2-type fair value measurements. The Company records realized and unrealized gains and losses on these investments as well as impairment losses, as Other income (expense), net on the consolidated statements of earnings (loss) and recorded net (losses) gains of $(48) million, $(31) million and $161 million for the years ended December 31, 2023, 2022 and 2021, respectively, related to these investments. The net loss recorded for the 2023 period primarily relates to impairments. The net loss recorded during 2022 included a $78 million impairment loss.

Virtus Acquisition - Virtus Acquisition Narrative (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Jan. 02, 2020	Jan. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition
Purchase of noncontrolling interest			$ 173	$ 0	$ 0
Virtus Acquisition
Business Acquisition
Percentage of equity interests acquired	70.00%
Call option exercise period	2 years
Put option exercise period	3 years
Virtus Acquisition \| Virtus Partners
Business Acquisition
Percentage of equity interests acquired		100.00%
Noncontrolling interest, ownership percentage by noncontrolling owners	30.00%
Purchase of noncontrolling interest		$ 173

Employee Benefit Plans - Schedule of Restricted Stock Activity (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock Units
Shares
Beginning balance outstanding (in shares)	2
Granted (in shares)	3	1	1
Vested (in shares)	(1)
Forfeited (in shares)	0
Ending balance outstanding (in shares)	4	2
Weighted Average Fair Value
Beginning balance (in dollars per share)	$ 103.63
Granted (in dollars per share)	61.34	$ 92.07	$ 138.76
Vested (in dollars per share)	107.05
Forfeited (in dollars per share)	81.39
Ending balance (in dollars per share)	$ 70.24	$ 103.63
Performance Stock Units
Shares
Beginning balance outstanding (in shares)	2
Granted (in shares)	0
Vested (in shares)	0
Forfeited (in shares)	0
Ending balance outstanding (in shares)	2	2
Weighted Average Fair Value
Beginning balance (in dollars per share)	$ 104.52
Granted (in dollars per share)	65.43
Vested (in dollars per share)	110.02
Forfeited (in dollars per share)	112.38
Ending balance (in dollars per share)	$ 96.33	$ 104.52

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2023	Feb. 22, 2024	Jun. 30, 2023
Cover
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-16427
Entity Registrant Name	Fidelity National Information Services, Inc.
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	37-1490331
Entity Address, Street Address	347 Riverside Avenue
Entity Address, City	Jacksonville
Entity Address, State	FL
Entity Address, Zip Code	32202
City Area Code	904
Local Phone Number	438-6000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 32,389,069,008
Entity Common Stock, Shares Outstanding (in shares)		576,465,736
Documents Incorporated by Reference	The information in Part III hereof is incorporated herein by reference to the registrant’s Proxy Statement on Schedule 14A for the fiscal year ended December 31, 2023, to be filed within 120 days after the close of the fiscal year that is the subject of this Report.
Entity Central Index Key	0001136893
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Common Stock, par value $0.01 per share \| New York Stock Exchange
Cover
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	FIS
Security Exchange Name	NYSE
1.100% Senior Notes due 2024 \| New York Stock Exchange
Cover
Title of 12(b) Security	1.100% Senior Notes due 2024
Trading Symbol	FIS24A
Security Exchange Name	NYSE
0.625% Senior Notes due 2025 \| New York Stock Exchange
Cover
Title of 12(b) Security	0.625% Senior Notes due 2025
Trading Symbol	FIS25B
Security Exchange Name	NYSE
1.500% Senior Notes due 2027 \| New York Stock Exchange
Cover
Title of 12(b) Security	1.500% Senior Notes due 2027
Trading Symbol	FIS27
Security Exchange Name	NYSE
1.000% Senior Notes due 2028 \| New York Stock Exchange
Cover
Title of 12(b) Security	1.000% Senior Notes due 2028
Trading Symbol	FIS28
Security Exchange Name	NYSE
2.250% Senior Notes due 2029 \| New York Stock Exchange
Cover
Title of 12(b) Security	2.250% Senior Notes due 2029
Trading Symbol	FIS29
Security Exchange Name	NYSE
2.000% Senior Notes due 2030 \| New York Stock Exchange
Cover
Title of 12(b) Security	2.000% Senior Notes due 2030
Trading Symbol	FIS30
Security Exchange Name	NYSE
3.360% Senior Notes due 2031 \| New York Stock Exchange
Cover
Title of 12(b) Security	3.360% Senior Notes due 2031
Trading Symbol	FIS31
Security Exchange Name	NYSE
2.950% Senior Notes due 2039 \| New York Stock Exchange
Cover
Title of 12(b) Security	2.950% Senior Notes due 2039
Trading Symbol	FIS39
Security Exchange Name	NYSE

Income Taxes - Schedule of Unrecognized Tax Benefits Roll Forward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of gross amounts of unrecognized gross tax benefits
Amount of unrecognized tax benefits, beginning balance	$ 48	$ 54
Amount of decreases due to lapse of the applicable statute of limitations	(5)	(1)
Amount of decreases due to settlements	(8)	(13)
Increases as a result of tax positions taken in prior period	4	5
Increases as a result of tax positions taken in the current period	2	4
Foreign currency translation		(1)
Amount of unrecognized tax benefits, ending balance	$ 41	$ 48

Discontinued Operations - Schedule of Major Classes of Assets and Liabilities of the Disposal Group Classified as Held for Sale (Details) - USD ($) $ in Millions	Jan. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Major classes of assets included in discontinued operations:
Settlement assets		$ 6,727	$ 5,264
Total current assets		10,111	8,990
Total noncurrent assets		17,109	25,764
Major classes of liabilities included in discontinued operations:
Total current liabilities		8,884	7,366
Total noncurrent liabilities		1,093	1,371
Subsequent Event
Major classes of liabilities included in discontinued operations:
Equity security investment	$ 30
Worldpay Merchant Solutions \| Discontinued Operations, Held-for-Sale
Major classes of assets included in discontinued operations:
Cash and cash equivalents		1,380	1,732
Settlement assets		6,727	5,264
Trade receivables, net of allowance for credit losses of $52 and $44, respectively		1,843	1,864
Prepaid expenses and other current assets		161	130
Total current assets		10,111	8,990
Property and equipment, net		207	153
Goodwill		10,906	17,460
Intangible assets, net		5,971	6,488
Software, net		1,321	1,183
Other noncurrent assets		613	480
Total noncurrent assets		19,018	25,764
Less valuation allowance		(1,909)	0
Total assets of the disposal group classified as held for sale		27,220	34,754
Major classes of liabilities included in discontinued operations:
Accounts payable, accrued and other liabilities		998	1,171
Settlement payables		7,821	6,140
Other current liabilities		65	55
Total current liabilities		8,884	7,366
Deferred income taxes		599	861
Other noncurrent liabilities		494	510
Total noncurrent liabilities		1,093	1,371
Total liabilities of the disposal group classified as held for sale		9,977	8,737
Allowance for credit loss		$ 52	$ 44

Revenue - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Revenue - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognition previously deferred	$ 677	$ 696	$ 668
Remaining revenue recognition	$ 23,500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	30.00%
Performance obligations expected to be satisfied, expected timing	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	23.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 \| Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	13 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 \| Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	24 months

Software (Tables)

12 Months Ended

Dec. 31, 2023

Research and Development [Abstract]

Schedule of Software

Intangible assets as of December 31, 2023, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,326	$	(4,583)	$	1,743
Trademarks and other	142		(62)		80
Total Intangible assets, net	$	6,468	$	(4,645)	$	1,823

Intangible assets as of December 31, 2022, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,281	$	(3,953)	$	2,328
Trademarks and other	193		(53)		140
Total Intangible assets, net	$	6,474	$	(4,006)	$	2,468

Software as of December 31, 2023 and 2022, consists of the following (in millions):


	2023		2022
Software from acquisitions	$	754	$	702
Capitalized software development costs	2,775		2,946
Purchased software	633		693
	4,162		4,341
Accumulated amortization	(2,047)		(2,286)
Total Software, net	$	2,115	$	2,055

Deferred Contract Costs - Schedule of Deferred Contract Costs (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Capitalized Contract Cost
Total Deferred contract costs, net	$ 1,076	$ 973
Contract costs on implementations in progress
Capitalized Contract Cost
Total Deferred contract costs, net	291	240
Contract origination costs on completed implementations, net
Capitalized Contract Cost
Total Deferred contract costs, net	542	516
Contract fulfillment costs on completed implementations, net
Capitalized Contract Cost
Total Deferred contract costs, net	$ 243	$ 217

Debt - Schedule of Principal Maturities of Long-term Debt (Details) - FIS Credit Agreement $ in Millions	Dec. 31, 2023 USD ($)
Debt Instrument
2024	$ 1,359
2025	1,463
2026	1,393
2027	1,880
2028	1,669
Thereafter	7,264
Total principal payments	15,028
Other debt per the long-term debt table	(614)
Financing obligations for certain hardware and software	(96)
Total long-term debt, including current portion	$ 14,318

Concentration of Risk	12 Months Ended
Concentration of Risk	Dec. 31, 2023
Risks and Uncertainties [Abstract]
Concentration of Risk	Concentration of Risk The Company generates a significant amount of revenue from large clients; however, no individual client accounted for 10% or more of total revenue in the years ended December 31, 2023, 2022 and 2021. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents and trade receivables, as well as derivatives in a net asset position. The Company places its cash equivalents with high credit-quality financial institutions and, by policy, limits the amount of credit exposure with any one financial institution. Concentrations of credit risk with respect to trade receivables are limited because a large number of geographically diverse clients make up the Company's client base, thus spreading the trade receivables credit risk. The Company seeks to minimize credit risk for derivatives by selecting counterparties with investment grade credit ratings. The Company also manages credit risk exposure through monitoring procedures.

Employee Benefit Plans - Schedule of Stock Option Valuation Assumptions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stock Options
Weighted average fair value of options
Risk free interest rate	4.20%	1.70%	0.60%
Volatility	37.60%	30.50%	27.60%
Dividend yield	3.30%	2.00%	1.10%
Weighted average expected life (years)	4 years 1 month 6 days	4 years 1 month 6 days	4 years 1 month 6 days
Performance Stock Units
Weighted average fair value of options
Risk free interest rate	4.60%	1.60%	0.30%
Volatility	37.20%	34.20%	32.10%
Dividend yield	3.30%	2.00%	1.10%

Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

For the year ended December 31, 2023 (in millions):



	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	5,802	$	1,712	$	167	$	7,681
All others	931		1,054		155		2,140
Total	$	6,733	$	2,766	$	322	$	9,821

Type of Revenue:
Recurring revenue:
Transaction processing and services (1)	$	4,960	$	1,381	$	239	$	6,580
Software maintenance	364		531		2		897
Other recurring	248		81		41		370
Total recurring	5,572		1,993		282		7,847

Software license	131		369		8		508
Professional services	562		391		9		962
Other non-recurring (1)	468		13		23		504
Total	$	6,733	$	2,766	$	322	$	9,821

For the year ended December 31, 2022 (in millions):



	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	5,709	$	1,566	$	284	$	7,559
All others	915		1,065		180		2,160
Total	$	6,624	$	2,631	$	464	$	9,719

Type of Revenue:
Recurring revenue:
Transaction processing and services (1)	$	4,785	$	1,274	$	384	$	6,443
Software maintenance	358		498		2		858
Other recurring	210		58		38		306
Total recurring	5,353		1,830		424		7,607

Software license	160		377		—		537
Professional services	632		419		8		1,059
Other non-recurring (1)	479		5		32		516
Total	$	6,624	$	2,631	$	464	$	9,719

For the year ended December 31, 2021 (in millions):



	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	5,480	$	1,445	$	247	$	7,172
All others	881		1,050		236		2,167
Total	$	6,361	$	2,495	$	483	$	9,339

Type of Revenue:
Recurring revenue:
Transaction processing and services (1)	$	4,545	$	1,136	$	389	$	6,070
Software maintenance	376		489		4		869
Other recurring	172		52		53		277
Total recurring	5,093		1,677		446		7,216

Software license	131		371		—		502
Professional services	600		437		10		1,047
Other non-recurring (1)	537		10		27		574
Total	$	6,361	$	2,495	$	483	$	9,339

(1) December 31, 2023, was the final deadline for states to complete all benefit issuance under federally funded pandemic relief programs. Accordingly, revenue associated with services the Company provided related to these programs has been classified as Other non-recurring commencing in the fourth quarter of 2023, and related prior-period amounts have been reclassified from Transaction processing and services to Other non-recurring for comparability. Revenue associated with services the Company provided related to these programs was $151 million, $112 million and $168 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Accounts Payable, Accrued and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Accounts Payable and Accrued Liabilities, Current [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable, accrued and other liabilities as of December 31, 2023 and 2022, consists of the following (in millions):


	2023		2022
Trade accounts payable and other accrued liabilities	$	733	$	623
Salaries and incentives	472		361
Taxes other than income tax	301		299
Accrued benefits and payroll taxes	106		88
Operating lease liabilities	85		99
Accrued interest payable	162		113
Total Accounts payable, accrued and other liabilities	$	1,859	$	1,583

Commitments and Contingencies - Purchase Commitments Narrative (Details) - Computer data processing operations and related functions $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Other Commitments
Contractual obligation	$ 868
Minimum
Other Commitments
Purchase commitment term	1 year
Maximum
Other Commitments
Purchase commitment term	5 years

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended								12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net earnings (loss) attributable to FIS common stockholders	$ 251	$ (449)	$ (6,596)	$ 140	$ (17,365)	$ 249	$ 277	$ 120	$ (6,654)	$ (16,720)	$ 417

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

Long-term debt as of December 31, 2023 and 2022, consisted of the following (in millions):


	December 31, 2023
		Weighted
	Stated	Average
	Interest	Interest		December 31,
	Rates	Rate (1)	Maturities	2023		2022
Fixed Rate Notes
Senior USD Notes	0.6% - 5.6%	3.6%	2024 - 2052	$	8,659	$	9,409
Senior Euro Notes	0.6% - 3.0%	2.9%	2024 - 2039	4,968		6,154
Senior GBP Notes	2.3% - 3.4%	7.0%	2029 - 2031	1,178		1,119
Revolving Credit Facility (2)		6.6%	2026	127		280
Incremental Revolving Credit Facility (3)			2024	—		—
Other (4)				(614)		(626)
Total long-term debt, including current portion				14,318		16,336
Current portion of long-term debt				(1,348)		(2,130)
Long-term debt, excluding current portion				$	12,970	$	14,206

(1)The weighted average interest rate includes the impact of the fair value basis adjustments due to interest rate swaps and the impact of cross-currency interest rate swaps designated as fair value hedges and excludes the impact of cross-currency interest rate swaps designated as net investment hedges (see Note 14). The impact of the included fair value basis adjustments and cross-currency interest rate swaps in certain cases results in an effective weighted average interest rate being outside the stated interest rate range on the fixed rate notes.

(2)Interest on the Revolving Credit Facility is generally payable at Secured Overnight Financing Rate ("SOFR") plus a margin of up to 0.428% dependent on tenor, plus an applicable margin of up to 1.625% and an unused commitment fee of up to 0.225%, each based upon the Company's corporate credit ratings. The weighted average interest rate on the Revolving Credit Facility excludes fees.

(3)Interest on the Incremental Revolving Credit Facility is generally payable at a rate, at the option of the Company, equal to the Term SOFR Rate plus 0.10% plus a margin of up to 1.625% or equal to the Base Rate plus a margin of up to 0.625%, in either case plus an unused commitment fee of up to 0.225%.

(4)Other includes the amount of fair value basis adjustments due to interest rate swaps (see further discussion below and in Note 14), unamortized debt issuance costs, unamortized non-cash bond discounts, and other financing obligations for certain hardware and software.

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2023 and 2022, consisted of the following (in millions):


	December 31, 2023
	Weighted
	Average
	Interest			December 31,
	Rate		Maturities	2023		2022
Euro-commercial paper notes ("ECP Notes")	4.1	%	Up to 183 days	$	2,118	$	2,054
U.S. commercial paper notes ("USCP Notes")	5.7	%	Up to 397 days	2,642		1,701
Total Short-term borrowings				$	4,760	$	3,755

Schedule of Principal Maturities of Debt

The following table summarizes the amount of our long-term debt based on maturity date.


	Total
2024	$	1,359
2025	1,463
2026	1,393
2027	1,880
2028	1,669
Thereafter	7,264
Total principal payments	15,028
Other debt per the long-term debt table	(614)
Financing obligations for certain hardware and software (1)	(96)
Total long-term debt, including current portion	$	14,318

(1)Financing obligations for certain hardware and software included in the Other debt per the long-term debt table are also included in the total principal amounts summarized by maturity date above.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 31, 2024
Summary of Significant Accounting Policies (Textuals) [Abstract]
Contract assets	$ 227	$ 207
Contract assets, noncurrent	240	$ 122
Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag		impairment losses
Impairment of held for use assets		$ 71
Operating lease impairment loss	$ 0	$ 43	$ 0
Recognized compensation cost award service period	3 years
Purchase of common shares (in shares) (current year less than)	2	3
Stock Options
Summary of Significant Accounting Policies (Textuals) [Abstract]
Purchase of common shares (in shares) (current year less than)	8	5	2
Subsequent Event
Summary of Significant Accounting Policies (Textuals) [Abstract]
Equity security investment				$ 30
Buildings
Summary of Significant Accounting Policies (Textuals) [Abstract]
Fixed asset, estimated useful life	30 years
Customer relationships
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	10 years
Minimum
Summary of Significant Accounting Policies (Textuals) [Abstract]
Lease renewal term	1 year
Minimum \| Furniture and fixture
Summary of Significant Accounting Policies (Textuals) [Abstract]
Fixed asset, estimated useful life	3 years
Minimum \| Software
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	1 year
Minimum \| Internally developed software
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	3 years
Maximum
Summary of Significant Accounting Policies (Textuals) [Abstract]
Lease renewal term	5 years
Maximum \| Furniture and fixture
Summary of Significant Accounting Policies (Textuals) [Abstract]
Fixed asset, estimated useful life	7 years
Maximum \| Trademarks
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	5 years
Maximum \| Software
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	10 years
Maximum \| Internally developed software
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	10 years

Intangible Assets

12 Months Ended

Dec. 31, 2023

Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]

Intangible Assets

Intangible assets as of December 31, 2023, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,326	$	(4,583)	$	1,743
Trademarks and other	142		(62)		80
Total Intangible assets, net	$	6,468	$	(4,645)	$	1,823

Intangible assets as of December 31, 2022, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,281	$	(3,953)	$	2,328
Trademarks and other	193		(53)		140
Total Intangible assets, net	$	6,474	$	(4,006)	$	2,468

Amortization expense for intangible assets with finite lives was $467 million, $486 million and $484 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Estimated amortization of intangible assets for the next five years is as follows (in millions):


2024	$	634
2025	560
2026	192
2027	161
2028	143

Segment Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

As described in Note 1, effective as of the third quarter of 2023, the Company no longer reports the Merchant Solutions segment; it now reports its financial performance based on the following segments: Banking Solutions, Capital Market Solutions and Corporate and Other. Below is a summary of each segment.

Banking Solutions ("Banking")

The Banking segment is focused on serving financial institutions of all sizes with core processing software, transaction processing software and complementary applications and services, many of which interact directly with core processing software. We sell these solutions on either a bundled or stand-alone basis. Clients in this segment include global financial institutions, U.S. regional and community banks, credit unions and commercial lenders, as well as government institutions and other commercial organizations. We provide our clients integrated solutions characterized by multi-year processing contracts that generate recurring revenue. The predictable nature of cash flows generated from the Banking segment provides opportunities for further investments in innovation, integration, information and security, and compliance in a cost-effective manner.

Capital Market Solutions ("Capital Markets")

The Capital Markets segment is focused on serving global financial services clients with a broad array of buy- and sell-side solutions. Clients in this segment include asset managers, buy- and sell-side securities brokerage and trading firms, insurers, private equity firms, and other commercial organizations. Our buy- and sell-side solutions include a variety of mission-critical applications for recordkeeping, data and analytics, trading, financing and risk management. Capital Markets clients purchase our solutions in various ways including licensing and managing technology "in-house," using consulting and third-party service providers, as well as procuring fully outsourced end-to-end solutions. Our long-established relationships with many of these financial and commercial institutions generate significant recurring revenue. We have made, and continue to make, investments in modern platforms, advanced technologies, open APIs, machine learning and artificial intelligence, and regulatory technology to support our Capital Markets clients.

Corporate and Other

The Corporate and Other segment consists of corporate overhead expense, certain leveraged functions and miscellaneous expenses that are not included in the operating segments, as well as certain non-strategic businesses that we plan to wind down or sell. The overhead and leveraged costs relate to corporate marketing, finance, accounting, human resources, legal, compliance and internal audit functions as well as other costs, such as acquisition, integration and transformation-related expenses and amortization of acquisition-related intangibles, that are not considered when management evaluates revenue-generating segment performance.

In the Corporate and Other segment, the Company recorded acquisition, integration and other costs for the years ended December 31, 2023, 2022 and 2021, comprised of the following (in millions):


	2023		2022		2021

Acquisition and integration	$	48	$	50	$	79
Enterprise transformation, including Future Forward and platform modernization	312		279		107
Severance and other termination expenses, including those associated with enterprise cost control initiatives and changes in senior management	70		89		10
Pending separation of the Worldpay Merchant Solutions business	17		—		—
Stock-based compensation, primarily from certain performance-based awards	15		83		—
Accelerated stock compensation expense - qualified equity retirement program	—		—		155
Other, including divestiture-related expenses and enterprise cost control and other initiatives	20		80		160
Total acquisition, integration and other costs	$	482	$	581	$	511

Amounts in table may not sum due to rounding.

Other costs in Corporate and Other also include incremental amortization expense associated with shortened estimated useful lives and accelerated amortization methods for certain software and deferred contract cost assets resulting from the Company's platform modernization, as described in Notes 9 and 10, impairment charges described in Notes 9 and 10 and costs that were previously incurred in support of the Worldpay Merchant Solutions business but are not directly attributable to it and thus were not recorded in discontinued operations.

Adjusted EBITDA

Adjusted EBITDA is a measure of segment profit or loss that is reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, Adjusted EBITDA, as it relates to our segments, is presented in conformity with FASB ASC Topic 280, Segment Reporting. Adjusted EBITDA is defined as net earnings (loss) before net interest expense, net other income (expense), income tax provision (benefit), equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs and other transactions that management deems non-operational in nature or that otherwise improve the comparability of operating results across reporting periods by their exclusion. This measure is reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance. The items affecting the segment profit measure generally include the purchase price amortization of acquired intangible assets as well as acquisition, integration and certain other costs and asset impairments. These costs and adjustments are recorded in the Corporate and Other segment for the periods discussed below. Adjusted EBITDA for the respective segments excludes the foregoing costs and adjustments.

As of and for the year ended December 31, 2023 (in millions):


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Revenue	$	6,733	$	2,766	$	322	$	9,821
Operating expenses	(4,403)		(1,730)		(2,221)		(8,354)
Depreciation and amortization (including purchase accounting amortization)	598		354		791		1,743
Acquisition, integration and other costs	—		—		482		482
Asset impairments	—		—		113		113
Indirect Worldpay business support costs	—		—		167		167
Adjusted EBITDA	$	2,928	$	1,390	$	(346)	$	3,972

Adjusted EBITDA							$	3,972
Depreciation and amortization							(1,047)
Purchase accounting amortization							(696)
Acquisition, integration and other costs							(482)
Asset impairments							(113)
Indirect Worldpay business support costs							(167)
Interest expense, net							(621)
Other income (expense), net							(183)
(Provision) benefit for income taxes							(157)
Net earnings (loss) from discontinued operations, net of tax							(7,153)
Net earnings attributable to noncontrolling interest							(7)
Net earnings (loss) attributable to FIS common stockholders							$	(6,654)
Capital expenditures (1)	$	433	$	269	$	131	$	833

(1) Capital expenditures include $53 million in other financing obligations for certain hardware and software.

As of and for the year ended December 31, 2022 (in millions):


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Revenue	$	6,624	$	2,631	$	464	$	9,719
Operating expenses	(4,339)		(1,624)		(2,538)		(8,501)
Depreciation and amortization (including purchase accounting amortization)	597		331		951		1,879
Acquisition, integration and other costs	—		—		581		581
Asset impairments	—		—		103		103
Indirect Worldpay business support costs	—		—		180		180
Adjusted EBITDA	$	2,882	$	1,338	$	(259)	$	3,961

Adjusted EBITDA							$	3,961
Depreciation and amortization							(1,101)
Purchase accounting amortization							(778)
Acquisition, integration and other costs							(581)
Asset impairments							(103)
Indirect Worldpay business support costs							(180)
Interest expense, net							(281)
Other income (expense), net							4
(Provision) benefit for income taxes							(325)
Net earnings (loss) from discontinued operations, net of tax							(17,324)
Net earnings attributable to noncontrolling interest							(12)
Net earnings attributable to FIS common stockholders							$	(16,720)
Capital expenditures (1)	$	502	$	271	$	286	$	1,059

(1) Capital expenditures include $63 million in other financing obligations for certain hardware and software.

As of and for the year ended December 31, 2021 (in millions):


	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Revenue	$	6,361	$	2,495	$	483	$	9,339
Operating expenses	(4,051)		(1,577)		(2,671)		(8,299)
Depreciation and amortization (including purchase accounting amortization)	584		317		970		1,871
Acquisition, integration and other costs	—		—		511		511
Asset impairments	—		—		194		194
Indirect Worldpay business support costs	—		—		153		153
Adjusted EBITDA	$	2,894	$	1,235	$	(360)	3,769

Adjusted EBITDA							$	3,769
Depreciation and amortization							(1,035)
Purchase accounting amortization							(836)
Acquisition, integration and other costs							(511)
Asset impairments							(194)
Indirect Worldpay business support costs							(153)
Interest expense, net							(212)
Other income (expense), net							(109)
(Provision) benefit for income taxes							(403)
Net earnings (loss) from discontinued operations							102
Equity method investment earnings (loss)							6
Net earnings attributable to noncontrolling interest							(7)
Net earnings attributable to FIS common stockholders							$	417
Capital expenditures (1)	$	446	$	221	$	286	$	953

(1) Capital expenditures include $35 million in other financing obligations for certain hardware and software.

Clients in the U.K., Germany, Brazil, Australia and Switzerland accounted for the majority of the revenue from clients based outside of North America for all periods presented. No individual country outside of North America accounted for more than 10% of total revenue for the years ended December 31, 2023, 2022 and 2021.

Long-term assets, excluding goodwill and other intangible assets, located outside of the United States totaled $651 million and $632 million as of December 31, 2023 and 2022, respectively. These assets are predominantly located in the United Kingdom, Germany, India, France, Australia, and Switzerland..

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 15
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (f)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Organization - Narrative (Details) - GTCR, LLC - Worldpay Merchant Solutions - Subsequent Event	Jan. 31, 2024
Worldpay Merchant Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Noncontrolling interest, ownership percentage by noncontrolling owners	45.00%
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Ownership percentage	55.00%

Accounts Payable, Accrued and Other Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Trade accounts payable and other accrued liabilities	$ 733	$ 623
Salaries and incentives	472	361
Taxes other than income tax	301	299
Accrued benefits and payroll taxes	106	88
Operating lease liabilities	85	99
Accrued interest payable	162	113
Total Accounts payable, accrued and other liabilities	$ 1,859	$ 1,583

Revenue

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue

As a result of our ongoing portfolio assessments, the Company reclassified certain businesses from Capital Markets to Banking and to Corporate and Other during the quarter ended March 31, 2023, and reclassified certain non-strategic operations from Banking to Corporate and Other during the quarter ended December 31, 2023. The Company recast all prior-period segment information presented to reflect these reclassifications.

Disaggregation of Revenue

In the following tables, revenue is disaggregated by primary geographical market and type of revenue. The tables also include a reconciliation of the disaggregated revenue with the Company's reportable segments.

For the year ended December 31, 2023 (in millions):



	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	5,802	$	1,712	$	167	$	7,681
All others	931		1,054		155		2,140
Total	$	6,733	$	2,766	$	322	$	9,821

Type of Revenue:
Recurring revenue:
Transaction processing and services (1)	$	4,960	$	1,381	$	239	$	6,580
Software maintenance	364		531		2		897
Other recurring	248		81		41		370
Total recurring	5,572		1,993		282		7,847

Software license	131		369		8		508
Professional services	562		391		9		962
Other non-recurring (1)	468		13		23		504
Total	$	6,733	$	2,766	$	322	$	9,821

For the year ended December 31, 2022 (in millions):



	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	5,709	$	1,566	$	284	$	7,559
All others	915		1,065		180		2,160
Total	$	6,624	$	2,631	$	464	$	9,719

Type of Revenue:
Recurring revenue:
Transaction processing and services (1)	$	4,785	$	1,274	$	384	$	6,443
Software maintenance	358		498		2		858
Other recurring	210		58		38		306
Total recurring	5,353		1,830		424		7,607

Software license	160		377		—		537
Professional services	632		419		8		1,059
Other non-recurring (1)	479		5		32		516
Total	$	6,624	$	2,631	$	464	$	9,719

For the year ended December 31, 2021 (in millions):



	Banking Solutions		Capital Market Solutions		Corporate and Other		Total
Primary Geographical Markets:
North America	$	5,480	$	1,445	$	247	$	7,172
All others	881		1,050		236		2,167
Total	$	6,361	$	2,495	$	483	$	9,339

Type of Revenue:
Recurring revenue:
Transaction processing and services (1)	$	4,545	$	1,136	$	389	$	6,070
Software maintenance	376		489		4		869
Other recurring	172		52		53		277
Total recurring	5,093		1,677		446		7,216

Software license	131		371		—		502
Professional services	600		437		10		1,047
Other non-recurring (1)	537		10		27		574
Total	$	6,361	$	2,495	$	483	$	9,339

Contract Balances

The Company recognized revenue of approximately $677 million, $696 million and $668 million, during the years ended December 31, 2023, 2022 and 2021, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.

Transaction Price Allocated to the Remaining Performance Obligations

As of December 31, 2023, approximately $23.5 billion of revenue is estimated to be recognized in the future primarily from the Banking Solutions and Capital Market Solutions segments' remaining unfulfilled performance obligations, which are primarily comprised of recurring account- and volume-based processing services. This excludes the amount of anticipated recurring renewals not yet contractually obligated. The Company expects to recognize approximately 30% of the Banking Solutions and Capital Market Solutions segments' remaining performance obligations over the next 12 months, approximately another 23% over the next 13 to 24 months, and the balance thereafter.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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+ Details

Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
Goodwill - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill
Goodwill impairment loss	$ 6,800	$ 17,600
Corporate and Other
Goodwill
Goodwill impairment loss			$ 94	$ 94	$ 94

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1A
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-Topic 350
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-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2023, 2022 and 2021, consists of the following (in millions):


	2023		2022		2021
Current provision (benefit):
Federal	$	235	$	467	$	196
State	96		132		54
Foreign	96		84		87
Total current provision	$	427	$	683	$	337
Deferred provision (benefit):
Federal	$	(193)	$	(319)	$	(113)
State	(73)		(54)		(12)
Foreign	(4)		15		191
Total deferred provision	(270)		(358)		66
Total provision for income taxes	$	157	$	325	$	403

The provision for income taxes is based on pre-tax income from continuing operations, which is as follows for the years ended December 31, 2023, 2022 and 2021 (in millions):


	2023		2022		2021
United States	$	331	$	761	$	537
Foreign	332		180		182
Total	$	663	$	941	$	719

Total income tax expense (benefit) attributable to continuing and discontinued operations for the years ended December 31, 2023, 2022 and 2021, is allocated as follows (in millions):


	2023		2022		2021
Tax expense (benefit) per statements of earnings (loss)	$	157	$	325	$	403
Tax expense (benefit) on income from discontinued operations	(301)		52		(32)
Change in fair value of net investment hedges	(176)		361		317
Foreign currency translation adjustments	40		(360)		(33)
Other components of other comprehensive earnings (loss)	20		3		—
Total income tax expense (benefit) allocated to other comprehensive earnings	(116)		4		284
Total income tax expense (benefit)	$	(260)	$	381	$	655

A reconciliation of the federal statutory income tax rate to the Company's effective income tax rate for the years ended December 31, 2023, 2022 and 2021, is as follows:


	2023		2022		2021
Federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State income taxes	5.7		6.0		5.4
Federal benefit of state taxes	(1.0)		(1.3)		(1.1)
Foreign rate differential	0.8		2.0		1.2
Withholding on actual and estimated remittances	2.4		1.2		3.2
Tax loss (benefit) from stock-based compensation	2.3		4.0		(2.4)
U.K. tax rate adjustment	(0.1)		0.3		25.8
Non-deductible executive compensation	0.6		0.3		3.7
Foreign-derived intangible income deduction	(3.4)		(1.1)		0.4
Research and development credit	(1.8)		—		(1.2)
Unrecognized tax benefits	(0.4)		(0.4)		1.1
Return to provision	(1.7)		—		(0.3)
Other	(0.6)		2.5		(0.8)
Effective income tax rate	23.8	%	34.5	%	56.0	%

The significant components of deferred income tax assets and liabilities as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Deferred income tax assets:
Net operating loss carryforwards	$	219	$	196
Employee benefit accruals	105		103
Outside basis difference	919		38
Other deferred tax assets	95		105
Total gross deferred income tax assets	1,338		442
Less valuation allowance	(1,055)		(218)
Total deferred income tax assets	283		224
Deferred income tax liabilities:
Amortization of goodwill and intangible assets	(2,066)		(2,363)
Deferred contract costs	(245)		(209)
Other deferred tax liabilities	(121)		(308)
Total deferred income tax liabilities	(2,432)		(2,880)
Net deferred income tax liability	$	(2,149)	$	(2,656)

Deferred income taxes are classified in the consolidated balance sheets as of December 31, 2023 and 2022, as follows (in millions):


	2023		2022
Noncurrent deferred income tax assets (included in Other noncurrent assets)	$	30	$	33
Noncurrent deferred income tax liabilities	(2,179)		(2,689)
Net deferred income tax liability	$	(2,149)	$	(2,656)

We believe that based on our historical pattern of taxable income, projections of future income, tax planning strategies as necessary and other relevant evidence, the Company will produce sufficient income in the future to realize its deferred income tax assets (net of valuation allowance). A valuation allowance is established for any portion of a deferred income tax asset for which we believe it is more likely than not that the Company will not be able to realize the benefits of all or a portion of that deferred income tax asset. We also receive periodic assessments from taxing authorities challenging our positions; these

assessments must be taken into consideration in determining our tax accruals. Resolving these assessments, which may or may not result in additional taxes due, may require an extended period of time. Adjustments to the valuation allowance will be made if there is a change in our assessment of the amount of deferred income tax asset that is realizable.

As of December 31, 2023 and 2022, the Company had, respectively, net income taxes payable of $17 million included in Accounts payable, accrued and other liabilities in the consolidated balance sheet and net income taxes receivable of $169 million included in Other receivables in the consolidated balance sheet.

As of December 31, 2023 and 2022, the Company had federal, state and foreign net operating loss carryforwards resulting in deferred tax assets of $219 million and $196 million, respectively. The federal and state net operating losses result in deferred tax assets as of December 31, 2023 and 2022, of $72 million and $67 million, respectively, which expire between 2024 and 2042. The Company has a valuation allowance related to these deferred tax assets for net operating loss carryforwards in the amounts of $46 million and $41 million as of December 31, 2023 and 2022. The Company has foreign net operating loss carryforwards resulting in deferred tax assets as of December 31, 2023 and 2022, of $147 million and $129 million, respectively. The Company has a full valuation allowance against the foreign net operating losses as of December 31, 2023 and 2022.

As a result of classifying the Worldpay Merchant Solutions disposal group as held for sale in the third quarter of 2023, in accordance with ASC 740, the Company recognized in Deferred income taxes on the consolidated balance sheet as of December 31, 2023, a deferred tax asset of $919 million related to the excess tax-over-book outside basis difference for Worldpay Merchant Solutions' investment in foreign subsidiaries, net of a valuation allowance of $829 million for the portion of the outside basis difference for which it is not more likely than not to recognize a tax benefit. The net deferred tax asset of $90 million represents the portion of future capital loss for which we have an available capital gain against which the loss can be utilized. The corresponding net tax benefit was recorded in discontinued operations. In accordance with the provisions of ASC 740, the net deferred tax asset at December 31, 2023, does not include the final estimated tax expense related to the closing of the Worldpay Sale, which will be computed by comparing the proceeds allocated to our investments in both U.S. and foreign subsidiaries against their respective tax bases.

The Company participates in the IRS' Compliance Assurance Process ("CAP"), which is a real-time continuous audit. The IRS has completed its review for years through 2021. Currently, we believe the ultimate resolution of the IRS examinations will not result in a material adverse effect to the Company's financial position or results of operations. Tax years that remain subject to examination by major foreign and state tax jurisdictions are 2017 and forward.

As of December 31, 2023 and 2022, the Company had gross unrecognized tax benefits of $41 million and $48 million of which $38 million and $42 million, respectively, would favorably impact our income tax rate in the event that the unrecognized tax benefits are recognized.

The following table reconciles the gross amounts of unrecognized tax benefits at the beginning and end of the period (in millions):


	Gross Amount
Amounts of unrecognized tax benefits as of December 31, 2021	$	54
Amount of decreases due to lapse of the applicable statute of limitations	(1)
Amount of decreases due to settlements	(13)
Increases as a result of tax positions taken in the prior period	5
Increases as a result of tax positions taken in the current period	4
Foreign currency translation	(1)
Amount of unrecognized tax benefit as of December 31, 2022	48
Amount of decreases due to lapse of the applicable statute of limitations	(5)
Amount of decreases due to settlements	(8)
Increases as a result of tax positions taken in prior period	4
Increases as a result of tax positions taken in the current period	2
Amount of unrecognized tax benefit as of December 31, 2023	$	41

The total amount of interest expense recognized in the consolidated statements of earnings (loss) for unpaid taxes is $2 million, $3 million and $3 million for the years ended December 31, 2023, 2022 and 2021, respectively. The total amount of interest and penalties included in the consolidated balance sheets is $11 million and $14 million as of December 31, 2023 and 2022, respectively. Interest and penalties are recorded as a component of income tax expense in the consolidated statements of earnings (loss).

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Summary of Significant Accounting Policies - Schedule of Settlement Assets and Payables (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Settlement assets
Settlement deposits	$ 463	$ 439
Settlement receivables	154	153
Total Settlement assets	617	592
Settlement payables	$ 635	$ 613

Employee Benefit Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended								12 Months Ended
	Jan. 01, 2021	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation
Employer matching contribution, percent of match										50.00%
Profit sharing expenses										$ 106	$ 109	$ 97
Discontinued operations										$ 29	25	21
Employee contribution of pretax annual compensation										40.00%
Employee matching contribution, percent of employees' gross pay										6.00%
Earnings (loss) from discontinued operations, net of tax		$ 188	$ (708)	$ (6,679)	$ 45	$ (17,473)	$ 32	$ 119	$ 0	$ (7,153)	$ (17,324)	$ 102
Weighted average fair value of options granted (in dollars per share)										$ 12.91	$ 20.89	$ 29.01
Stock-based compensation, primarily from certain performance-based awards										$ 34	$ 26	$ 100
Total unrecognized compensation cost related to non-vested stock awards		$ 219				$ 179				219	179
Unrecognized compensation costs										$ 166	$ 136
Weighted average period over which compensation cost is expected to be recognized										1 year 4 months 24 days	1 year 6 months
Selling, General and Administrative Expenses
Share-based Compensation
Stock-based compensation, primarily from certain performance-based awards										$ 120	$ 189	283
FIS Plan Amended and Restated
Share-based Compensation
Shares available for grant, ending (in shares)		24,000,000								24,000,000
Qualified Retirement Equity Program
Share-based Compensation
Accelerated stock compensation expense	$ 69									$ 69
Earnings (loss) from discontinued operations, net of tax	$ 35									$ 35
Stock Options
Share-based Compensation
Minimum percentage contribution made by employees of their salary to employee benefit plan		3.00%								3.00%
Maximum percentage contribution made by employees of their salary to employee benefit plan		15.00%								15.00%
Employer matching contribution, percent of match										20.00%
Profit sharing expenses										$ 11	17	18
Discontinued operations										$ 1	2	2
Vesting period										3 years
Intrinsic value of options exercised										$ 8	$ 20	$ 107
Closing stock price (in dollars per share)		$ 60.07								$ 60.07
Granted (in shares)										2,000,000	1,000,000	2,000,000
Weighted average exercise price of awards granted (in dollars per share)										$ 78.42	$ 95.06	$ 142.92
Restricted Stock Units
Share-based Compensation
Vesting period										3 years
Restricted stock, shares granted (in shares)										3,000,000	1,000,000	1,000,000
Restricted stock weighted average grant price (in dollars per share)										$ 61.34	$ 92.07	$ 138.76
Fair value of vested stock										$ 40	$ 261	$ 241
Performance Stock Units
Share-based Compensation
Granted (in shares)										1,000,000	2,000,000	1,000,000
Weighted average exercise price of awards granted (in dollars per share)										$ 65.43	$ 99.27	$ 130.04
Restricted stock, shares granted (in shares)										0
Restricted stock weighted average grant price (in dollars per share)										$ 65.43
Vested										$ 10	$ 35	$ 57

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Restricted Cash and Cash Equivalents

The reconciliation between Cash and cash equivalents in the consolidated balance sheets and Cash, cash equivalents and restricted cash per the consolidated statements of cash flows is as follows (in millions):


	December 31.
	2023		2022
Cash and cash equivalents on the consolidated balance sheets	$	440	$	456
Merchant float from discontinued operations included in current assets held for sale (1)	2,594		2,625
Cash from discontinued operations included in current assets held for sale	1,380		1,732
Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows	$	4,414	$	4,813

(1)Merchant float funds are considered restricted cash.

Schedule of Cash and Cash Equivalents


	December 31.
	2023		2022
Cash and cash equivalents on the consolidated balance sheets	$	440	$	456
Merchant float from discontinued operations included in current assets held for sale (1)	2,594		2,625
Cash from discontinued operations included in current assets held for sale	1,380		1,732
Total Cash, cash equivalents and restricted cash per the consolidated statements of cash flows	$	4,414	$	4,813

(1)Merchant float funds are considered restricted cash.

Schedule of Settlement Assets and Payables

The principal components of the Company's settlement assets and payables on the consolidated balance sheets are as follows (in millions):


	December 31,
	2023		2022
Settlement assets
Settlement deposits	$	463	$	439
Settlement receivables	154		153
Total Settlement assets	$	617	$	592

Settlement payables	$	635	$	613

Schedule of Net Earnings Per Share

Net earnings (loss) and earnings (loss) per share for the years ended December 31, 2023, 2022 and 2021, are as follows (in millions, except per share data):


	Year ended December 31,
	2023		2022		2021
Net earnings (loss) from continuing operations attributable to FIS common stockholders	$	503	$	608	$	320
Net earnings (loss) from discontinued operations attributable to FIS common stockholders	(7,157)		(17,328)		97
Net earnings (loss) attributable to FIS common stockholders	$	(6,654)	$	(16,720)	$	417
Weighted average shares outstanding-basic	591		604		616
Plus: Common stock equivalent shares	—		—		5
Weighted average shares outstanding-diluted	591		604		621
Net earnings (loss) per share-basic from continuing operations attributable to FIS common stockholders	$	0.85	$	1.01	$	0.52
Net earnings (loss) per share-basic from discontinued operations attributable to FIS common stockholders	(12.11)		(28.69)		0.16
Net earnings (loss) per share-basic attributable to FIS common stockholders	$	(11.26)	$	(27.68)	$	0.68
Net earnings (loss) per share-diluted from continuing operations attributable to FIS common stockholders	$	0.85	$	1.01	$	0.52
Net earnings (loss) per share-diluted from discontinued operations attributable to FIS common stockholders	(12.11)		(28.69)		0.16
Net earnings (loss) per share-diluted attributable to FIS common stockholders	$	(11.26)	$	(27.68)	$	0.67

Income Taxes - Schedule of Components of Income Tax Expense (Benefit)) - Allocation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Expense (Benefit), Intraperiod Tax Allocation [Abstract]
Discontinued Operation Gain Loss On Disposal Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag	Tax expense (benefit) on income from discontinued operations
Tax expense (benefit) per statements of earnings (loss)	$ 157	$ 325	$ 403
Tax expense (benefit) on income from discontinued operations	(301)	52	(32)
Change in fair value of net investment hedges	(176)	361	317
Foreign currency translation adjustments	40	(360)	(33)
Other components of other comprehensive earnings (loss)	20	3	0
Total income tax expense (benefit) allocated to other comprehensive earnings	(116)	4	284
Total income tax expense (benefit)	$ (260)	$ 381	$ 655

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 12
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-Publisher FASB
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+ Details

Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue	$ 2,510	$ 2,489	$ 2,424	$ 2,397	$ 2,526	$ 2,415	$ 2,408	$ 2,370	$ 9,821	$ 9,719	$ 9,339
Gross profit	975	966	906	828	956	881	867	799	3,676	3,503	3,349
Operating income	331	475	351	311	379	384	254	202	1,467	1,218	1,040
Net earnings (loss) from continuing operations	65	261	85	96	111	222	161	121
Earnings (loss) from discontinued operations, net of tax	188	(708)	(6,679)	45	(17,473)	32	119	0	(7,153)	(17,324)	102
Net earnings (loss)	253	(447)	(6,594)	141	(17,362)	254	280	121	(6,647)	(16,708)	424
Net (earnings) loss attributable to noncontrolling interest from continuing operations	(1)	(1)	(1)	0	(2)	(4)	(2)	0	(7)	(12)	(7)
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(4)	(4)	(5)
Net earnings (loss) attributable to FIS	251	(449)	(6,596)	140	(17,365)	249	277	120	(6,654)	(16,720)	417
Net earnings (loss) attributable to FIS:
Continuing operations	64	260	84	96	109	218	159	121	503	608	320
Discontinued operations	187	(709)	(6,680)	44	(17,474)	31	118	(1)	(7,157)	(17,328)	97
Net earnings (loss) attributable to FIS	$ 251	$ (449)	$ (6,596)	$ 140	$ (17,365)	$ 249	$ 277	$ 120	$ (6,654)	$ (16,720)	$ 417
Net earnings (loss) per common share attributable to FIS from continuing operations:
Basic (in dollars per share)	$ 0.11	$ 0.44	$ 0.14	$ 0.16	$ 0.18	$ 0.36	$ 0.26	$ 0.20	$ 0.85	$ 1.01	$ 0.52
Diluted (in dollars per share)	$ 0.11	$ 0.44	$ 0.14	$ 0.16	$ 0.18	$ 0.36	$ 0.26	$ 0.20	$ 0.85	$ 1.01	$ 0.52
Weighted average common shares outstanding:
Basic (in shares)	589	592	592	592	593	605	608	610	591	604	616
Diluted (in shares)	591	592	592	593	593	607	611	614	591	604	621

Deferred Contract Costs (Tables)

12 Months Ended

Dec. 31, 2023

Capitalized Contract Cost [Abstract]

Schedule of Deferred Contract Costs

Origination and fulfillment costs from contracts with customers capitalized as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Contract costs on implementations in progress	$	291	$	240
Contract origination costs on completed implementations, net	542		516
Contract fulfillment costs on completed implementations, net	243		217
Total Deferred contract costs, net	$	1,076	$	973

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Reconciliation of Major Components of Discontinued Operations, Net of Tax Presented in the Consolidated Statements of Earnings (Loss)

The following table represents a reconciliation of the major components of discontinued operations, net of tax, presented in the consolidated statements of earnings (loss) (in millions). The Company's presentation of discontinued operations excludes general corporate overhead costs which were historically allocated to the Worldpay Merchant Solutions business.



	2023		2022		2021
Major components of discontinued operations before income taxes:
Revenue	$	4,859	$	4,809	$	4,538
Cost of revenue	(1,662)		(2,604)		(2,640)
Selling, general, and administrative expenses	(1,992)		(1,936)		(1,876)
Asset impairments	(6,844)		(17,606)		(8)
Interest income (expense), net	27		6		(2)
Other, net	63		55		53
Earnings (loss) from discontinued operations related to major classes of pre-tax earnings(loss)	(5,549)		(17,276)		65
Loss on assets held for sale	(1,909)		—		—
Earnings (loss) from discontinued operations	(7,458)		(17,276)		65
Provision (benefit) for income taxes	(301)		52		(32)
Earnings (loss) from discontinued operations, net of tax attributable to FIS	$	(7,157)	$	(17,328)	$	97

The following table represents the major classes of assets and liabilities of the disposal group classified as held for sale presented in the consolidated balance sheets as of December 31, 2023, and December 31, 2022 (in millions). Assets held for sale are reported at the lower of their carrying value or fair value less cost to sell and are not depreciated or amortized.


	December 31, 2023		December 31, 2022
Major classes of assets included in discontinued operations:
Cash and cash equivalents	$	1,380	$	1,732
Settlement assets	6,727		5,264
Trade receivables, net of allowance for credit losses of $52 and $44, respectively	1,843		1,864
Prepaid expenses and other current assets	161		130
Total current assets	10,111		8,990
Property and equipment, net	207		153
Goodwill	10,906		17,460
Intangible assets, net	5,971		6,488
Software, net	1,321		1,183
Other noncurrent assets (1)	613		480
Total noncurrent assets	19,018		25,764
Less valuation allowance	(1,909)		—
Total assets of the disposal group classified as held for sale	$	27,220	$	34,754


Major classes of liabilities included in discontinued operations:
Accounts payable, accrued and other liabilities	$	998	$	1,171
Settlement payables	7,821		6,140
Other current liabilities	65		55
Total current liabilities	8,884		7,366
Deferred income taxes	599		861
Other noncurrent liabilities	494		510
Total noncurrent liabilities	1,093		1,371
Total liabilities of the disposal group classified as held for sale	$	9,977	$	8,737

(1)During January 2024, the Company agreed to include in the Worldpay Sale an equity security investment with a book value of $30 million. As of September 30, 2023, the value of this investment had been properly recorded as Other noncurrent assets within continuing operations on the consolidated balance sheets at September 30, 2023, and December 31, 2022. As a result of the subsequent decision to convey this asset in the Worldpay Sale, the amount of this asset has been reclassified and is now presented within these financial statements as Noncurrent assets held for sale at December 31, 2023 and 2022, and is shown in the table above within Other noncurrent assets within discontinued operations.

The following table presents cash flows from operating and investing activities for discontinued operations (in millions).


	December 31,
	2023		2022		2021
Cash provided by (used in) operating activities - discontinued operations	$	2,257	$	2,317	$	2,539
Cash provided by (used in) investing activities - discontinued operations (1)	$	(342)	$	(147)	$	(1,081)
Cash provided by (used in) financing activities - discontinued operations (2)	$	(240)	$	(500)	$	(144)

(1)Our capital expenditures from discontinued operations for the years ended December 31, 2023, 2022 and 2021, were $342 million, $395 million and $334 million, respectively. The year ended December 31, 2022, includes $269 million net proceeds from the sale of Visa preferred stock.

(2) Excludes the impact of intercompany cash transactions between the disposal group and other FIS entities, which are eliminated in consolidation.

Schedule of Settlement Assets of Disposal Group

The principal components of the Company's settlement assets of the disposal group are as follows (in millions):


	December 31, 2023		December 31, 2022
Settlement assets
Settlement deposits	$	56	$	55
Merchant float	2,594		2,625
Settlement receivables	4,077		2,584
Total Settlement assets	$	6,727	$	5,264

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Components of Other Comprehensive Earnings (Loss) - Schedule of Accumulated Other Comprehensive Earnings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity
Beginning balance	$ 27,226	$ 47,358	$ 49,313
Other comprehensive earnings (loss) before reclassifications	100	(612)	185
Amounts reclassified from accumulated other comprehensive earnings (loss)			10
Ending balance	19,099	27,226	47,358
Accumulated other comprehensive earnings (loss)
Increase (Decrease) in Stockholders' Equity
Beginning balance	(360)	252	57
Ending balance	(260)	(360)	252
Change in Fair Value of Net Investment Hedges
Increase (Decrease) in Stockholders' Equity
Beginning balance	729	(305)	(1,183)
Other comprehensive earnings (loss) before reclassifications	(501)	1,034	878
Amounts reclassified from accumulated other comprehensive earnings (loss)			0
Ending balance	228	729	(305)
Foreign Currency Translation Adjustments
Increase (Decrease) in Stockholders' Equity
Beginning balance	(1,053)	629	1,326
Other comprehensive earnings (loss) before reclassifications	548	(1,682)	(697)
Amounts reclassified from accumulated other comprehensive earnings (loss)			0
Ending balance	(505)	(1,053)	629
Other
Increase (Decrease) in Stockholders' Equity
Beginning balance	(36)	(72)	(86)
Other comprehensive earnings (loss) before reclassifications	53	36	4
Amounts reclassified from accumulated other comprehensive earnings (loss)			10
Ending balance	$ 17	$ (36)	$ (72)

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Amortization expense for intangible assets with finite lives	$ 467	$ 486	$ 484

Other Noncurrent Assets and Liabilities - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncurrent Assets and Liabilities
Equity security investments	$ 195	$ 281
Impairment loss		78
Other Nonoperating Income (Expense)
Noncurrent Assets and Liabilities
Gain (loss) on equity securities	(48)	(31)	$ 161
Other Noncurrent Assets
Noncurrent Assets and Liabilities
Equity security investments	$ 195	$ 281

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Segment Information - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Foreign Entities
Segment Reporting Information
Long-term assets, excluding goodwill and other intangible assets	$ 651	$ 632

Discontinued Operations - Narrative (Details) - USD ($) $ in Billions	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Group Not Discontinued Operation Gain Loss On Disposal Statement Of Income Extensible List Not Disclosed Flag			carrying value of the disposal
Gain (loss) on disposal			$ 1.9
Goodwill impairment loss	$ 6.8	$ 17.6

Discontinued Operations

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Sale of Worldpay Merchant Solutions Business



	2023		2022		2021
Major components of discontinued operations before income taxes:
Revenue	$	4,859	$	4,809	$	4,538
Cost of revenue	(1,662)		(2,604)		(2,640)
Selling, general, and administrative expenses	(1,992)		(1,936)		(1,876)
Asset impairments	(6,844)		(17,606)		(8)
Interest income (expense), net	27		6		(2)
Other, net	63		55		53
Earnings (loss) from discontinued operations related to major classes of pre-tax earnings(loss)	(5,549)		(17,276)		65
Loss on assets held for sale	(1,909)		—		—
Earnings (loss) from discontinued operations	(7,458)		(17,276)		65
Provision (benefit) for income taxes	(301)		52		(32)
Earnings (loss) from discontinued operations, net of tax attributable to FIS	$	(7,157)	$	(17,328)	$	97


	December 31, 2023		December 31, 2022
Major classes of assets included in discontinued operations:
Cash and cash equivalents	$	1,380	$	1,732
Settlement assets	6,727		5,264
Trade receivables, net of allowance for credit losses of $52 and $44, respectively	1,843		1,864
Prepaid expenses and other current assets	161		130
Total current assets	10,111		8,990
Property and equipment, net	207		153
Goodwill	10,906		17,460
Intangible assets, net	5,971		6,488
Software, net	1,321		1,183
Other noncurrent assets (1)	613		480
Total noncurrent assets	19,018		25,764
Less valuation allowance	(1,909)		—
Total assets of the disposal group classified as held for sale	$	27,220	$	34,754


Major classes of liabilities included in discontinued operations:
Accounts payable, accrued and other liabilities	$	998	$	1,171
Settlement payables	7,821		6,140
Other current liabilities	65		55
Total current liabilities	8,884		7,366
Deferred income taxes	599		861
Other noncurrent liabilities	494		510
Total noncurrent liabilities	1,093		1,371
Total liabilities of the disposal group classified as held for sale	$	9,977	$	8,737

The following table presents cash flows from operating and investing activities for discontinued operations (in millions).


	December 31,
	2023		2022		2021
Cash provided by (used in) operating activities - discontinued operations	$	2,257	$	2,317	$	2,539
Cash provided by (used in) investing activities - discontinued operations (1)	$	(342)	$	(147)	$	(1,081)
Cash provided by (used in) financing activities - discontinued operations (2)	$	(240)	$	(500)	$	(144)

(2) Excludes the impact of intercompany cash transactions between the disposal group and other FIS entities, which are eliminated in consolidation.

Settlement Assets

The principal components of the Company's settlement assets of the disposal group are as follows (in millions):


	December 31, 2023		December 31, 2022
Settlement assets
Settlement deposits	$	56	$	55
Merchant float	2,594		2,625
Settlement receivables	4,077		2,584
Total Settlement assets	$	6,727	$	5,264

Held-for-sale Disposal Group Measurement

In accordance with ASC 360, a held-for-sale disposal group is measured at the lower of its carrying value or fair value less cost to sell. Measuring the disposal group is a two-step process requiring the carrying amount of the disposal group's assets outside the scope of ASC 360, such as goodwill, which is tested for impairment under ASC 350, to be first adjusted by applying other relevant guidance before adjusting the carrying value of the overall disposal group.

The Company evaluated the goodwill of the disposal group for impairment as of September 30, 2023, by performing a quantitative assessment that estimated the fair value of the disposal group using a market approach based on the price at which the Company agreed to sell a majority interest in the Worldpay Merchant Solutions business. As of September 30, 2023, the estimated fair value of the disposal group approximated its carrying value, inclusive of related deferred tax liabilities assigned to the reporting unit for purposes of the goodwill impairment assessment in accordance with ASC 350 but not classified as liabilities held for sale in accordance with ASC 360 because these deferred tax liabilities would not be transferred in the Worldpay Sale. Based on the assessment, no goodwill impairment was recorded.

The carrying value of the overall disposal group was then assessed by comparing its value, inclusive of cumulative translation adjustment losses and exclusive of deferred tax liabilities not classified as part of the disposal group's assets held for sale, to the estimated fair value less estimated cost to sell. Based on this assessment, the carrying value of the disposal group was reduced by $1.9 billion as of December 31, 2023, primarily as a result of the exclusion of certain deferred tax liabilities that were not transferred in the Worldpay Sale. The reduction was recorded as a valuation allowance against the Company's assets held for sale. As of the closing date of the Worldpay Sale, the assets held for sale, net of the valuation allowance, and the liabilities held for sale will be derecognized and any additional gain or loss on sale will be recorded.

Asset Impairments

During the second quarter of 2023, the Company recorded a $6.8 billion goodwill impairment because the estimated fair value of the Worldpay Merchant Solutions reporting unit, now reported as assets held for sale, was less than its carrying value. To estimate the fair value of such reporting unit, we used a market approach based on the price, inclusive of estimated selling price adjustments and fair value of contingent consideration, at which the Company had subsequently agreed to sell a majority interest in the Worldpay Merchant Solutions business to Buyer, as discussed in Note 1.

During the fourth quarter of 2022, the Company recorded a $17.6 billion goodwill impairment of the Worldpay Merchant Solutions reporting unit, reflecting the projected impact of worsening macroeconomic conditions, including rising interest rates, inflation, and slowing growth in the U.S. and Europe, as well as a sustained decline in our market capitalization and the effects of changing market dynamics affecting the unit's growth.

Commitments and Contingencies of the Disposal Group

Chargeback Liability

Through services offered in the Worldpay Merchant Solutions disposal group, the Company is exposed to potential losses from merchant-related chargebacks. A chargeback occurs when a dispute between a cardholder and a merchant, including a claim for non-delivery of the product or service by the merchant, is not resolved in favor of the merchant and the transaction is

charged back to the merchant resulting in a refund of the purchase price to the cardholder. If the Company is unable to collect this chargeback amount from the merchant due to closure, bankruptcy or other reasons, the Company bears the loss for the refund paid to the cardholder. The risk of chargebacks is typically greater for those merchants that promise future delivery of goods and services rather than delivering goods or rendering services at the time of payment.

Income Taxes - Schedule of Deferred Income Tax Assets and Liabilities - Classification (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Noncurrent deferred income tax assets (included in Other noncurrent assets)	$ 30	$ 33
Noncurrent deferred income tax liabilities	(2,179)	(2,689)
Net deferred income tax liability	$ (2,149)	$ (2,656)

Financial Instruments - Narrative (Details) € in Millions, £ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 GBP (£)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 GBP (£)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other investing activities, net	$ 53	$ 28	$ 99
Accumulated other comprehensive earnings (loss)	(260)	(360)
Net proceeds from settlement of existing cross-currency interest rate swaps	20	(726)	$ 24
Net Investment Hedging
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Derivative liability fair value	41
Net Investment Hedging \| Senior Notes
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount \| €				€ 1,500
Net Investment Hedging \| Senior Euro Notes Maturing 2022 to 2039 and ECP Notes \| Senior Notes
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount \| €				1,534		€ 7,646
Net Investment Hedging \| Sterling Senior Notes Due 2022 to 2031 \| Senior Notes
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount \| £							£ 726
Interest rate swap \| Fair Value Hedging
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount	1,854	1,854		500	£ 925	500	925
Derivative liability fair value	594	578
Fair value of interest expense using amortization approach	41
Derivative corresponding liability		578
Net offset by changes in spot foreign currency exchange rates	(52)
Other investing activities, net	28
Interest rate swap \| Fair Value Hedging \| New Offsetting Variable To Fixed Interest Rate Swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount	1,854			500	925
Derivative liability fair value	675
Derivative asset fair value	12
Interest rate swap \| Net Investment Hedging
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Derivative liability fair value	240	72
Derivative asset fair value	38	$ 336
Cross currency swap \| Fair Value Hedging
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount				3,375	925
Derivative liability fair value	134
Fair value of interest expense using amortization approach	20
Net offset by changes in spot foreign currency exchange rates	61
Accumulated other comprehensive earnings (loss)	$ 74
Cross currency swap \| Net Investment Hedging
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount				€ 6,143	£ 2,180	€ 6,343	£ 2,580

Accounts Payable, Accrued and Other Liabilities

12 Months Ended

Dec. 31, 2023

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable, Accrued and Other Liabilities

Accounts payable, accrued and other liabilities as of December 31, 2023 and 2022, consists of the following (in millions):


	2023		2022
Trade accounts payable and other accrued liabilities	$	733	$	623
Salaries and incentives	472		361
Taxes other than income tax	301		299
Accrued benefits and payroll taxes	106		88
Operating lease liabilities	85		99
Accrued interest payable	162		113
Total Accounts payable, accrued and other liabilities	$	1,859	$	1,583

Commitments and Contingencies - Narrative (Details) - Pending litigation - Secretariat of the Federal Revenue Bureau of Brazil - Potential tax liability $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) claim
Loss Contingencies
Loss contingency, number of claims pending	18
Loss contingency, active claims, number	16
Loss contingency, value of damages sought \| $	$ 13
Loss contingency, number of additional claims filed	20
Loss contingency, potential additional claims amount sought \| $	$ 32
Number of total pending and potential pending claims	36
Maximum
Loss Contingencies
Loss contingency, estimate of possible loss \| $	$ 45

Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Debt

Long-term debt as of December 31, 2023 and 2022, consisted of the following (in millions):


	December 31, 2023
		Weighted
	Stated	Average
	Interest	Interest		December 31,
	Rates	Rate (1)	Maturities	2023		2022
Fixed Rate Notes
Senior USD Notes	0.6% - 5.6%	3.6%	2024 - 2052	$	8,659	$	9,409
Senior Euro Notes	0.6% - 3.0%	2.9%	2024 - 2039	4,968		6,154
Senior GBP Notes	2.3% - 3.4%	7.0%	2029 - 2031	1,178		1,119
Revolving Credit Facility (2)		6.6%	2026	127		280
Incremental Revolving Credit Facility (3)			2024	—		—
Other (4)				(614)		(626)
Total long-term debt, including current portion				14,318		16,336
Current portion of long-term debt				(1,348)		(2,130)
Long-term debt, excluding current portion				$	12,970	$	14,206

Short-term borrowings as of December 31, 2023 and 2022, consisted of the following (in millions):


	December 31, 2023
	Weighted
	Average
	Interest			December 31,
	Rate		Maturities	2023		2022
Euro-commercial paper notes ("ECP Notes")	4.1	%	Up to 183 days	$	2,118	$	2,054
U.S. commercial paper notes ("USCP Notes")	5.7	%	Up to 397 days	2,642		1,701
Total Short-term borrowings				$	4,760	$	3,755

The Company is a party to interest rate swaps that, prior to de-designation as fair value hedges, converted a portion of its fixed-rate debt to variable-rate debt. These interest rate swaps were de-designated as fair value hedges of its fixed-rate debt during the quarter ended September 30, 2023. As a result of the de-designations, the final fair value basis adjustments recorded through the dates of de-designation as a decrease of the long-term debt are now amortized as interest expense using the effective interest method over the remaining periods to maturity of the respective long-term debt. The fair value basis adjustments reflected in Other in the long-term debt table above totaled $(594) million and $(578) million as of December 31, 2023 and 2022, respectively.

The Company is also party to fixed-for-fixed cross-currency interest rate swaps under which it agrees to receive interest in foreign currency in exchange for paying interest in U.S. dollars. These are designated as fair value hedges.

The Company has also entered into cross-currency interest rate swaps under which it agrees to receive interest in U.S. dollars in exchange for paying interest in a foreign currency. These are designated as net investment hedges. Although these cross-currency interest rate swaps are entered into as net investment hedges of its investments in certain of its non-U.S. subsidiaries, and not for the purpose of hedging interest rates, the benefit or cost of such hedges is reflected in interest expense in the consolidated statement of earnings. As of December 31, 2023, the weighted average interest rate of the Company's outstanding debt was 4.2%, including the impact of fair value basis adjustments due to interest rate swaps and cross-currency interest rate swaps designated as fair value hedges but excluding the impact of cross-currency interest rate swaps designated as net investment hedges. Including the impact of the net investment hedge cross-currency interest rate swaps on interest expense, the weighted average interest rate of the Company's outstanding debt was 3.5%.

See Note 14 for further discussion of the Company's interest rate swaps and cross-currency interest rate swaps and related hedge designations.

The obligations of FIS under the Revolving Credit Facility, ECP Notes and USCP Notes, and all of its outstanding senior notes rank equal in priority and are unsecured.

The following table summarizes the amount of our long-term debt based on maturity date.


	Total
2024	$	1,359
2025	1,463
2026	1,393
2027	1,880
2028	1,669
Thereafter	7,264
Total principal payments	15,028
Other debt per the long-term debt table	(614)
Financing obligations for certain hardware and software (1)	(96)
Total long-term debt, including current portion	$	14,318

(1)Financing obligations for certain hardware and software included in the Other debt per the long-term debt table are also included in the total principal amounts summarized by maturity date above.

There are no mandatory principal payments on the Revolving Credit Facility or the Incremental Revolving Credit Facility, and any balance outstanding on the Revolving Credit Facility or the Incremental Revolving Credit facility will be due and payable at each such facility's scheduled maturity date, which occur on March 2, 2026, and June 15, 2024, respectively.

Senior Notes

FIS may redeem the Senior USD Notes, Senior Euro Notes and Senior GBP Notes (collectively, the "Senior Notes") at its option in whole or in part, at any time and from time to time, at a redemption price equal to the greater of 100% of the principal amount to be redeemed and a make-whole amount calculated as described in the related indenture in each case plus accrued and unpaid interest to, but excluding, the date of redemption, provided no make-whole amount will be paid for redemptions of the Senior Notes during the period described in the related indenture (ranging from one to six months) prior to their maturity.

On May 21, 2023, FIS repaid an aggregate principal amount of €1.3 billion in Senior Euro Notes, on their due date, pursuant to the related indenture. On March 1, 2023, FIS repaid an aggregate principal amount of $750 million in Senior USD Notes, on their due date, pursuant to the related indenture. On December 3, 2022, FIS repaid an aggregate principal amount of €1.0 billion in Senior Euro Notes, on their due date, pursuant to the related indenture.

On July 13, 2022, FIS completed the issuance and sale of Senior USD Notes with an aggregate principal amount of $2.5 billion with interest rates ranging from 4.5% to 5.6% and maturities ranging from 2025 to 2052. The proceeds from the debt issuance were used for the repayment of debt under our commercial paper programs in the third quarter of 2022.

In March 2021, pursuant to cash tender offers and make-whole redemptions, FIS purchased and redeemed an aggregate principal amount of $5.1 billion in Senior Notes, comprised of $3,529 million in Senior USD Notes, $600 million in Senior Euro Notes, $871 million in Senior GBP Notes, and $66 million in Senior Euro Floating Rate Notes, with interest rates ranging from 0.0% to 5.0% and maturities ranging from 2021 to 2029, resulting in a loss on extinguishment of debt of approximately $528 million, recorded in Other income (expense), net on the consolidated statement of earnings (loss), relating to tender premiums, make-whole amounts, and fees; the write-off of unamortized bond discounts and debt issuance costs; and losses on related derivative instruments. The Company funded the purchase and redemption of the Senior Notes with proceeds on borrowings from the issuance and sale of Senior USD Notes on March 2, 2021.

On March 2, 2021, FIS completed the issuance and sale of Senior USD Notes with an aggregate principal amount of $5.5 billion with interest rates ranging from 0.4% to 3.1% and maturities ranging from 2023 to 2041. A portion of the proceeds from the debt issuance was used to purchase and redeem certain Senior Notes as discussed above, with the remaining proceeds used to repay a portion of our commercial paper notes.

The Senior Notes are subject to customary covenants, including, among others, customary events of default.

Commercial Paper

The Company has a Euro-commercial paper ("ECP") program for the issuance and sale of senior, unsecured commercial paper notes, up to a maximum aggregate amount outstanding at any time of $4.7 billion (or its equivalent in other currencies). The ECP program is generally used for general corporate purposes.

The Company has a U.S. commercial paper ("USCP") program for the issuance and sale of senior, unsecured commercial paper notes, up to a maximum aggregate amount outstanding at any time of $5.5 billion. The USCP program is generally used for general corporate purposes.

Revolving Credit Facilities

On March 2, 2021, FIS entered into an amendment to the Revolving Credit Facility agreement to amend certain covenant provisions, revise lender commitments for certain counterparties, and extend the scheduled maturity date to March 2, 2026. Borrowings under the Revolving Credit Facility will generally be used for general corporate purposes, including backstopping any notes that FIS may issue under the USCP and ECP programs described above.

On February 28, 2023, FIS entered into an Incremental Revolving Credit Facility which provides credit commitments outstanding of $2.0 billion, with a scheduled maturity date of December 15, 2023. In November 2023, the Company amended the Incremental Revolving Credit Facility to extend the maturity date to the earlier of (i) June 15, 2024, and (ii) ten business

days after the consummation of the Worldpay Sale, which closed on January 31, 2024. On February 14, 2024, following the closing of the Worldpay Sale, the Incremental Revolving Credit Facility expired in accordance with its terms.

As of December 31, 2023, the borrowing capacity under the Revolving Credit Facility and Incremental Revolving Credit Facility was $2,613 million (net of $4,760 million of capacity backstopping our commercial paper notes).

The revolving credit facilities are subject to customary covenants restricting, among other things, the incurrence of indebtedness, certain restricted payments and use of proceeds as well as requiring us to maintain certain financial ratios.

We monitor the financial stability of our counterparties on an ongoing basis. The lender commitments under the undrawn portions of the Revolving Credit Facility and Incremental Revolving Credit Facility are comprised of a diversified set of financial institutions, both domestic and international. The failure of any single lender to perform its obligations under the Revolving Credit Facility and Incremental Revolving Credit Facility would not adversely impact our ability to fund our operations.

Fair Value of Debt

The fair value of the Company's long-term debt is estimated to be approximately $1,086 million and $1,873 million lower than the carrying value, excluding the fair value basis adjustment of the interest rate swaps and unamortized discounts, as of December 31, 2023 and 2022, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Operating Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 90	$ 157	$ 137
Variable lease cost	27	29	33
Operating lease impairment loss	0	43	0
Operating lease payments	106	124	$ 135
Right of use asset obtained in exchange for operating lease liability	$ 47	$ 36
Weighted average lease term	4 years 4 months 24 days	4 years 8 months 12 days
Weighted average discount rate	2.80%	2.60%

Goodwill - Schedule of Changes in Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Changes in goodwill, net of purchase accounting adjustments
Beginning balance	$ 16,816	$ 16,927
Foreign currency adjustments	54	(111)
Goodwill attributable to acquisitions	101
Ending balance	16,971	16,816
Banking Solutions
Changes in goodwill, net of purchase accounting adjustments
Beginning balance	12,536	12,566
Foreign currency adjustments	15	(30)
Goodwill attributable to acquisitions	37
Ending balance	12,588	12,536
Capital Market Solutions
Changes in goodwill, net of purchase accounting adjustments
Beginning balance	4,260	4,341
Foreign currency adjustments	39	(81)
Goodwill attributable to acquisitions	64
Ending balance	4,363	4,260
Corporate and Other
Changes in goodwill, net of purchase accounting adjustments
Beginning balance	20	20
Foreign currency adjustments	0	0
Goodwill attributable to acquisitions	0
Ending balance	$ 20	$ 20

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Software - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Software - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Computer Software
Impairment of computer software	$ 81	$ 31	$ 136
incremental computer software amortization	18	75	76
Amortization expense for intangible assets with finite lives	467	486	484
Software
Computer Software
Amortization expense for intangible assets with finite lives	$ 588	$ 640	$ 637

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets as of December 31, 2023, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,326	$	(4,583)	$	1,743
Trademarks and other	142		(62)		80
Total Intangible assets, net	$	6,468	$	(4,645)	$	1,823

Intangible assets as of December 31, 2022, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,281	$	(3,953)	$	2,328
Trademarks and other	193		(53)		140
Total Intangible assets, net	$	6,474	$	(4,006)	$	2,468

Software as of December 31, 2023 and 2022, consists of the following (in millions):


	2023		2022
Software from acquisitions	$	754	$	702
Capitalized software development costs	2,775		2,946
Purchased software	633		693
	4,162		4,341
Accumulated amortization	(2,047)		(2,286)
Total Software, net	$	2,115	$	2,055

Schedule of Indefinite-Lived Intangible Assets

Intangible assets as of December 31, 2023, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,326	$	(4,583)	$	1,743
Trademarks and other	142		(62)		80
Total Intangible assets, net	$	6,468	$	(4,645)	$	1,823

Intangible assets as of December 31, 2022, consist of the following (in millions):


	Cost		Accumulated Amortization		Net
Customer relationships	$	6,281	$	(3,953)	$	2,328
Trademarks and other	193		(53)		140
Total Intangible assets, net	$	6,474	$	(4,006)	$	2,468

Schedule of Estimated Amortization of Intangibles

Estimated amortization of intangible assets for the next five years is as follows (in millions):


2024	$	634
2025	560
2026	192
2027	161
2028	143

Organization	12 Months Ended
Organization	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization FIS is a leading global provider of financial services technology solutions for financial institutions, businesses and developers. We improve the digital transformation of our financial economy, advancing the way the world pays, banks and invests. On January 31, 2024, the Company completed the previously announced sale ("the Worldpay Sale") of a 55% equity interest in its Worldpay Merchant Solutions business to private equity funds managed by GTCR (such funds, the "Buyer"). As of closing, FIS retained a non-controlling 45% ownership interest in a new standalone joint venture ("the Joint Venture" or "Worldpay"). Following the closing of the Worldpay Sale, FIS' share of the net income of the Joint Venture is going to be reported as equity method investment earnings (loss). During the third quarter of fiscal year 2023, the Company analyzed quantitative and qualitative factors relevant to the Worldpay Merchant Solutions disposal group in accordance with ASC 205-20 and determined that the accounting criteria to be classified as held for sale were met, when a definitive purchase agreement was signed. Accordingly, the assets and liabilities of the disposal group are presented separately on the consolidated balance sheets for all periods presented. In addition, the disposition represents a strategic shift that will have a major impact on the Company's operations and financial results. As a result, the operating results of the Worldpay Merchant Solutions business have been reflected as discontinued operations for all periods presented and as such, have been excluded from continuing operations and segment results. The Company's cash flows are presented inclusive of discontinued operations on the consolidated statement of cash flows for all periods presented. Total cash flows from operating, investing and financing activities for discontinued operations are presented in Note 3. The Worldpay Merchant Solutions business included the former Merchant Solutions segment in addition to a business previously included in the Corporate and Other segment, which have been recast as discontinued operations for all periods presented. Accordingly, the Company no longer reports the Merchant Solutions segment; it now reports its financial performance based on the following segments: Banking Solutions ("Banking"), Capital Market Solutions ("Capital Markets") and Corporate and Other. As a result of our ongoing portfolio assessments, the Company reclassified certain businesses from Capital Markets to Banking and to Corporate and Other during the quarter ended March 31, 2023, and reclassified certain non-strategic operations from Banking to Corporate and Other during the quarter ended December 31, 2023. The Company recast all prior-period segment information presented to reflect these reclassifications. See Note 22 for more information regarding our segments. Amounts in tables in the financial statements and accompanying footnotes may not sum or calculate due to rounding.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes stock option activity for the year ended December 31, 2023, which includes both continuing and discontinued operations (in millions except for per share amounts):


	Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Balance, December 31, 2022	8	$	101.60	3.1	$	6
Granted	2	78.42
Exercised	(1)	61.70			$	8
Cancelled	(1)	92.78
Balance, December 31, 2023	8	$	100.19	3.3	$	—

Options exercisable at December 31, 2023	6	$	105.64	2.1	$	—

Schedule of Stock Option Valuation Assumptions


	2023		2022		2021
Risk free interest rate	4.2	%	1.7	%	0.6	%
Volatility	37.6	%	30.5	%	27.6	%
Dividend yield	3.3	%	2.0	%	1.1	%
Weighted average expected life (years)	4.1		4.1		4.1

The fair value of each performance-based stock unit with a market condition is estimated on the date of grant using a Monte Carlo simulation model with the following weighted-average assumptions:


	2023		2022		2021
Risk free interest rate	4.6	%	1.6	%	0.3	%
Volatility	37.2	%	34.2	%	32.1	%
Dividend yield	3.3	%	2.0	%	1.1	%

Schedule of Restricted Stock Unit, Activity


	Restricted Stock Units			Performance Stock Units
	(In millions)			(In millions)
	Shares	Weighted Average Fair Value		Shares	Weighted Average Fair Value
Balance December 31, 2022	2	$	103.63	2	$	104.52
Granted	3	$	61.34	—	$	65.43
Vested	(1)	$	107.05	—	$	110.02
Forfeited	—	$	81.39	—	$	112.38
Balance December 31, 2023	4	$	70.24	2	$	96.33

Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event As discussed in Note 1, on January 31, 2024, FIS completed the previously announced Worldpay Sale in a transaction valuing the Worldpay Merchant Solutions business at an enterprise value of $18.5 billion, including $1.0 billion of consideration contingent on the returns realized by Buyer exceeding certain thresholds. The net cash proceeds received by FIS at the closing were greater than $12 billion, net of estimated closing adjustments, debt restructuring fees, taxes and transaction costs. The closing adjustments relate to estimated closing levels of the Worldpay Merchant Solutions business' debt, working capital relative to an agreed target and available cash relative to an agreed minimum of not less than $1.5 billion and will be trued-up post-closing. We intend to use proceeds from the sale to retire debt and return additional capital to shareholders through our existing share repurchase authorization, as well as for general corporate purposes, while maintaining an investment grade credit rating. As of the closing, we retained a non-controlling 45% ownership interest in a new standalone Joint Venture with GTCR. In future reports, FIS' share of the net income of the Joint Venture will be reported as equity method investment earnings (loss). In connection with the closing of the Worldpay Sale, the Company entered into a limited liability company operating agreement (the "LLCA") with respect to the Joint Venture, and a registration rights agreement with respect to the Company’s retained equity interest in the Joint Venture. The LLCA provides that FIS has the right to appoint a minority of the board of managers of the Joint Venture and that FIS has customary consent and consultation rights with respect to certain material actions of the Joint Venture, in each case, subject to ownership stepdown thresholds. The LLCA contains, among other things, covenants and restrictions relating to other governance, liquidity and tax matters, including non-solicitation and non-competition covenants, distribution mechanics, preemptive rights and follow-on equity funding commitments of GTCR, and restrictions on transfer and associated tag-along and drag-along rights. Each of FIS and GTCR will have the right to require the Joint Venture to consummate an initial public offering ("IPO") or sale transaction after the fourth anniversary of the closing, subject to certain return hurdle and (in the case of an IPO) public float requirements, which requirements will fall away following the sixth anniversary of the closing. Also in connection with the closing of the Worldpay Sale, the Company entered into additional agreements with certain Worldpay entities, including: •commercial arrangements whereby each party would provide (i) referrals in connection with certain products and services provided by the other party, which are generally structured as revenue shares, and (ii) certain commercial services to the other party; •a transition services agreement whereby the Company will continue to provide services in support of Worldpay and provide support for migration of the services for up to 24 months (subject to a six-month extension). In addition, the Joint Venture will provide reverse services so that the Company may maintain access to certain resources and services transferred to the Joint Venture in the Worldpay Sale; •an employee leasing agreement pursuant to which FIS will lease certain employees to Worldpay in the United States, China, Colombia and South Korea for up to five months after the closing and in the Netherlands for up to two months after closing; and •a data sharing agreement governing the sharing of data, including across the post-closing services agreements.

Summary of Significant Accounting Policies - Schedule of Net Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Earnings per Share
Net earnings (loss) from continuing operations attributable to FIS common stockholders	$ 64	$ 260	$ 84	$ 96	$ 109	$ 218	$ 159	$ 121	$ 503	$ 608	$ 320
Net earnings (loss) from discontinued operations attributable to FIS common stockholders	187	(709)	(6,680)	44	(17,474)	31	118	(1)	(7,157)	(17,328)	97
Net earnings (loss) attributable to FIS common stockholders	$ 251	$ (449)	$ (6,596)	$ 140	$ (17,365)	$ 249	$ 277	$ 120	$ (6,654)	$ (16,720)	$ 417
Weighted average shares outstanding-basic (in shares)	589	592	592	592	593	605	608	610	591	604	616
Plus: Common stock equivalent shares (in shares)									0	0	5
Weighted average shares outstanding-diluted (in shares)	591	592	592	593	593	607	611	614	591	604	621
Net earnings (loss) per share-basic from continuing operations attributable to FIS common stockholders (in dollars per share)	$ 0.11	$ 0.44	$ 0.14	$ 0.16	$ 0.18	$ 0.36	$ 0.26	$ 0.20	$ 0.85	$ 1.01	$ 0.52
Net earnings (loss) per share-basic from discontinued operations attributable to FIS common stockholders (in dollars per share)									(12.11)	(28.69)	0.16
Net earnings (loss) per share-basic attributable to FIS common stockholders (in dollars per share)									(11.26)	(27.68)	0.68
Net earnings (loss) per share-diluted from continuing operations attributable to FIS common stockholders (in dollars per share)	$ 0.11	$ 0.44	$ 0.14	$ 0.16	$ 0.18	$ 0.36	$ 0.26	$ 0.20	0.85	1.01	0.52
Net earnings (loss) per share-diluted from discontinued operations attributable to FIS common stockholders (in dollars per share)									(12.11)	(28.69)	0.16
Net earnings (loss) per share-diluted attributable to FIS common stockholders (in dollars per share)									$ (11.26)	$ (27.68)	$ 0.67

Debt - Narrative (Details)		1 Months Ended	12 Months Ended
Debt - Narrative (Details)	Jul. 13, 2022 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	May 21, 2023 EUR (€)	Mar. 01, 2023 USD ($)	Feb. 28, 2023 USD ($)	Dec. 03, 2022 EUR (€)	Mar. 02, 2021 USD ($)
Debt Instrument
Other long-term debt			$ (594,000,000)	$ (578,000,000)
Weighted average interest rate			4.20%
Weighted average interest rate, excluding cross currency interest rate swaps			3.50%
Principal amount of debt redeemed			$ 94,513,000,000	74,410,000,000	$ 53,440,000,000
Loss on extinguishment of debt			0	0	$ 528,000,000
Difference in carrying value and fair value of long term debt			1,086,000,000	$ 1,873,000,000
Revolving Credit Facility
Debt Instrument
Additional term and revolving loan capacity in the future			2,613,000,000
Line of credit facility, capacity backstopped			4,760,000,000
Incremental Revolving Credit Facility
Debt Instrument
Outstanding credit agreement								$ 2,000,000,000
Line of Credit \| Revolving Credit Facility
Debt Instrument
Mandatory principal payment			$ 0
Senior Notes
Debt Instrument
Senior note redemption price, percentage			100.00%
Principal amount of debt redeemed	$ 2,500,000,000	$ 5,100,000,000
Loss on extinguishment of debt		528,000,000
Senior Notes \| Minimum
Debt Instrument
Make whole amount, trigger period prior to maturity			1 month
Debt instrument, stated percentage	4.50%
Senior Notes \| Maximum
Debt Instrument
Make whole amount, trigger period prior to maturity			6 months
Debt instrument, stated percentage	5.60%
Senior Euro Floating Rates Notes \| Senior Notes
Debt Instrument
Face amount of debt						€ 1,300,000,000	$ 750,000,000		€ 1,000,000,000
Principal amount of debt redeemed		$ 66,000,000
Senior Euro Floating Rates Notes \| Senior Notes \| Minimum
Debt Instrument
Debt instrument, stated percentage		0.00%
Senior Euro Floating Rates Notes \| Senior Notes \| Maximum
Debt Instrument
Debt instrument, stated percentage		5.00%
Senior USD Notes \| Senior Notes
Debt Instrument
Face amount of debt										$ 5,500,000,000
Principal amount of debt redeemed		$ 3,529,000,000
Senior USD Notes \| Senior Notes \| Minimum
Debt Instrument
Debt instrument, stated percentage			0.60%							0.40%
Senior USD Notes \| Senior Notes \| Maximum
Debt Instrument
Debt instrument, stated percentage			5.60%							3.10%
Senior Euro Notes \| Senior Notes
Debt Instrument
Principal amount of debt redeemed		600,000,000
Senior Euro Notes \| Senior Notes \| Minimum
Debt Instrument
Debt instrument, stated percentage			0.60%
Senior Euro Notes \| Senior Notes \| Maximum
Debt Instrument
Debt instrument, stated percentage			3.00%
Senior GBP Notes \| Senior Notes
Debt Instrument
Principal amount of debt redeemed		$ 871,000,000
Senior GBP Notes \| Senior Notes \| Minimum
Debt Instrument
Debt instrument, stated percentage			2.30%
Senior GBP Notes \| Senior Notes \| Maximum
Debt Instrument
Debt instrument, stated percentage			3.40%
ECP Notes \| Senior Commercial Paper Notes \| FIS Credit Agreement
Debt Instrument
Outstanding credit agreement			$ 4,700,000,000
USCP Notes \| FIS Credit Agreement
Debt Instrument
Outstanding credit agreement			$ 5,500,000,000

Deferred Contract Costs

12 Months Ended

Dec. 31, 2023

Capitalized Contract Cost [Abstract]

Deferred Contract Costs

Origination and fulfillment costs from contracts with customers capitalized as of December 31, 2023 and 2022, consist of the following (in millions):


	2023		2022
Contract costs on implementations in progress	$	291	$	240
Contract origination costs on completed implementations, net	542		516
Contract fulfillment costs on completed implementations, net	243		217
Total Deferred contract costs, net	$	1,076	$	973

For the years ended December 31, 2023, 2022 and 2021, amortization of deferred contract costs on completed implementations was $310 million, $324 million and $312 million, respectively.

During the years ended December 31, 2023, 2022 and 2021, the Company recorded $6 million, $34 million, and $33 million respectively, of incremental amortization expense related to deferred contract costs driven by the Company's platform modernization. During the year ended December 31, 2021, the Company also recorded $58 million of impairments related to the platform modernization. The Company's platform modernization is also discussed in Note 9.

Subsequent Events (Details) - Worldpay Merchant Solutions - Subsequent Event $ in Billions	Jan. 31, 2024 USD ($)
Subsequent Event [Line Items]
Support service period	24 months
Support service extension period	6 months
United States, China, Colombia And South Korea
Subsequent Event [Line Items]
Employee leasing agreement after closing, period	5 months
NETHERLANDS
Subsequent Event [Line Items]
Employee leasing agreement after closing, period	2 months
Worldpay Merchant Solutions \| GTCR, LLC
Subsequent Event [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	45.00%
Disposal Group, Not Discontinued Operations
Subsequent Event [Line Items]
Business valuation	$ 18.5
Disposal group, including discontinued operation, consideration	1.0
Net proceeds from sale	12.0
Proceeds funded by new debt	$ 1.5

Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Quarterly Financial Data (unaudited)


2023	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	2,397	$	2,424	$	2,489	$	2,510
Gross profit	828		906		966		975
Operating income	311		351		475		331
Net earnings (loss) from continuing operations	96		85		261		65
Earnings (loss) from discontinued operations, net of tax	45		(6,679)		(708)		188
Net earnings (loss)	141		(6,594)		(447)		253
Net (earnings) loss attributable to noncontrolling interest from continuing operations	—		(1)		(1)		(1)
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	(1)		(1)		(1)		(1)
Net earnings (loss) attributable to FIS	140		(6,596)		(449)		251

Net earnings (loss) attributable to FIS:
Continuing operations	$	96	$	84	$	260	$	64
Discontinued operations	44		(6,680)		(709)		187
Total	$	140	$	(6,596)	$	(449)	$	251

Net earnings (loss) per common share attributable to FIS from continuing operations:
Basic	$	0.16	$	0.14	$	0.44	$	0.11
Diluted	$	0.16	$	0.14	$	0.44	$	0.11

Weighted average common shares outstanding:
Basic	592		592		592		589
Diluted	593		592		592		591

Amounts in tables in the financial statements and accompanying footnotes may not sum or calculate due to rounding.


2022	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	2,370	$	2,408	$	2,415	$	2,526
Gross profit	799		867		881		956
Operating income	202		254		384		379
Net earnings (loss) from continuing operations	121		161		222		111
Earnings (loss) from discontinued operations, net of tax	—		119		32		(17,473)
Net earnings (loss)	121		280		254		(17,362)
Net (earnings) loss attributable to noncontrolling interest from continuing operations	—		(2)		(4)		(2)
Net (earnings) loss attributable to noncontrolling interest from discontinued operations	(1)		(1)		(1)		(1)
Net earnings (loss) attributable to FIS	120		277		249		(17,365)

Net earnings (loss) attributable to FIS:
Continuing operations	$	121	$	159	$	218	$	109
Discontinued operations	(1)		118		31		(17,474)
Total	$	120	$	277	$	249	$	(17,365)

Net earnings (loss) per common share attributable to FIS from continuing operations:
Basic	$	0.20	$	0.26	$	0.36	$	0.18
Diluted	$	0.20	$	0.26	$	0.36	$	0.18

Weighted average common shares outstanding:
Basic	610		608		605		593
Diluted	614		611		607		593

Amounts in tables in the financial statements and accompanying footnotes may not sum or calculate due to rounding.