8-K

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):

May 8, 2015

Fidelity National Information Services, Inc.

(Exact name of Registrant as Specified in its Charter)

1-16427

(Commission File Number)

Georgia	37-1490331
(State or Other Jurisdiction of Incorporation or Organization)	(IRS Employer Identification Number)

601 Riverside Avenue

Jacksonville, Florida 32204

(Addresses of Principal Executive Offices)

(904) 438-6000

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

Fidelity National Information Services, Inc. ( “the Company”) is filing this Current Report on Form 8-K (this "Current Report") to recast certain prior period financial statements to reflect the segment reporting changes made in connection with the Company's previously announced realignment of its organizational structure.

In March 2015, the Company finalized a reorganization and is streamlining its global operations in response to market conditions and to meet the demand of specific client needs more efficiently. As a result of these changes, information that the Company’s chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance changed. Beginning in the first quarter of 2015, the Company began reporting its financial performance based on new segments: Integrated Financial Solutions, Global Financial Solutions and Corporate and Other. The Company began to report comparative results under the new organizational structure in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015. The Company also provided a description of the new reporting structure and a summary of the effects of these changes on the Company’s historical segment results for 2014, 2013 and 2012 in a Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on April 9, 2015.

The rules of the SEC require that when a registrant prepares, on or after the date a registrant reports an accounting change such as the change described above, a new registration, proxy or information statement (or amends a previously filed registration, proxy or information statement) that includes or incorporates by reference financial statements, the registrant must recast the prior period financial statements included or incorporated by reference in the registration, proxy or information statement to reflect the changes. Accordingly, the Company is filing this Current Report to recast its consolidated financial statements for each of the three years in the period ended December 31, 2014 to reflect the changes in segment reporting described above and ensure that the Company remains compliant with the SEC's rules in the event it files or amends a registration, proxy or information statement in the future. The recasting of information presented in certain sections of the Company’s 2014 Annual Report on Form 10-K (the "2014 Annual Report") is set forth in Exhibits 99.1, 99.2 and 99.3 to this Form 8-K, which are incorporated herein by reference.

The information included in this Current Report, including the exhibits, is presented in connection with the reporting changes described above and does not amend or restate revenues, operating income or net earnings for any of the previously reported periods. This Current Report does not reflect events occurring after the Company filed the 2014 Annual Report and does not modify or update the disclosures therein in any way, other than to illustrate the realignment of the Company's organizational structure. For developments that have occurred subsequent to the filing of the 2014 Annual Report, refer to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, which was filed with the SEC on May 8, 2015, and other filings by the Company with the SEC.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit	Description
23.1	Consent of Independent Registered Public Accounting Firm (KPMG LLP)
99.1	Updated Part I, Item 1. "Business", from the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission on February 27, 2015
99.2	Updated Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations", from the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission on February 27, 2015
99.3	Updated Part II, Item 8. "Financial Statements and Supplementary Data", from the Company'sAnnual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission on February 27, 2015
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Fidelity National Information Services, Inc.
Date: May 8, 2015	By:	/s/ James W. Woodall
		Name:	James W. Woodall
		Title:	Corporate Executive Vice President and Chief Financial Officer
	Fidelity National Information Services, Inc.
Date: May 8, 2015	By:	/s/ Peter J.S. Smith
		Name:	Peter J.S. Smith
		Title:	Corporate Senior Vice President and Chief Accounting Officer

EXHIBIT INDEX

Exhibit	Description
23.1	Consent of Independent Registered Public Accounting Firm (KPMG LLP)
99.1	Updated Part I, Item 1. "Business", from the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission on February 27, 2015
99.2	Updated Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations", from the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission on February 27, 2015
99.3	Updated Part II, Item 8. "Financial Statements and Supplementary Data", from the Company'sAnnual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission on February 27, 2015
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

EX-23.1

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

The Board of Directors

Fidelity National Information Services, Inc.:

We consent to the incorporation by reference in the registration statements on Forms S-8 (No. 333-63342, 333-103266, 333-131601, 333-131602, 333-132845, 333-138654, 333-146080, 333-157575, 333-158960, 333-162262, and 333-190793) and Forms S-3 (No. 333-131593 and 333-187047) of Fidelity National Information Services, Inc. and subsidiaries (the "Company”) of our report dated February 27, 2015, except as it relates to the recasting of segment data and related information in Notes 1, 2, 8, and 18, as to which the date is May 8, 2015, with respect to the consolidated balance sheets of the Company as of December 31, 2014 and 2013, and the related consolidated statements of earnings, comprehensive earnings, equity, and cash flows for each of the years in the three-year period ended December 31, 2014, which report appears in the Company’s Current Report on Form 8-K dated May 8, 2015.

/s/ KPMG LLP

May 8, 2015

Jacksonville, Florida

Certified Public Accountants

EX-99.1

Exhibit 99.1

PART I

Item 1.Business

Note: The information contained in this Item has been updated for the changes in reportable segments. The resulting changes are as follows:

• The introduction of our reportable segments under the caption "Financial Information About Operating Segments and Geographic Areas" has been updated to disclose the new reporting structure.

• The revenue data, segment descriptions and aggregation of solutions by segment under the caption "Revenues by Segment" have been recast to reflect the changes in organizational structure.

• The "Sales and Marketing" caption has been updated to describe the organizational changes with respect to these functions.

This Item has not been updated for any other changes since the filing of the 2014 Annual Report on Form 10-K (“2014 Annual Report”) with the U.S. Securities and Exchange Commission ("SEC") on February 27, 2015. For developments since the filing of the 2014 Annual Report, refer to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, and other filings by the Company with the SEC.

Overview

FIS is a global leader in banking and payments technology as well as consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Florida, FIS employs more than 40,000 people worldwide and holds leadership positions in payment processing and banking solutions. Through our Capco brand, we deliver globally a wide range of information technology consulting, advisory and transformational services to financial institutions. Providing software, services and outsourcing of the technology that drives financial institutions, FIS is a member of the Fortune 500 and is a member of Standard & Poor’s 500^® Index.

FIS is incorporated under the laws of the State of Georgia as Fidelity National Information Services, Inc. and our stock is traded on the New York Stock Exchange under the trading symbol "FIS".

We help clients address and solve their critical and challenging business and technology problems by leveraging the breadth and depth of our software applications and services, our collective experience, our broad range of successful methodologies and our global scale. We have grown organically as well as through acquisitions, which have contributed applications and service expansion capabilities that complement or enhance our existing offerings and diversify our revenues by clients, geography and service offering. These acquired offerings include integrated consulting services, integrated core banking and payment solutions, mobile banking solutions, wealth management services, item processing services, card issuer services, risk management solutions, electronic loan amendment applications and services, electronic funds transfer ("EFT") services, and prepaid/gift card processing for all sizes of financial institutions, including community banks and credit unions. Many of these solutions are also sold to other commercial businesses. These strategic acquisitions have enabled us to broaden our available solution sets, scale our operations, develop our global consulting expertise, expand and diversify our client base and strengthen our competitive position. We continue to invest in our solutions and services, looking to innovate and enhance them to deliver more value to our clients.

Financial Information About Operating Segments and Geographic Areas

In March 2015, we finalized a reorganization and are streamlining our global operations in response to market conditions and to meet the demand of specific client needs more efficiently. This realignment resulted in the formation of two new reportable segments to focus on growth and the specific market demands of our clients in our two principal markets.

The Integrated Financial Solutions (“IFS”) segment was formed to serve regional and community North American financial institutions and the Global Financial Solutions (“GFS”) segment was formed to serve large, global and international financial institutions. In connection with the realignment, the Company’s management and existing solutions and services were assigned to one of these two segments. These changes are designed to improve the Company’s focus on delivering superior

1

solutions and services that address the specific and emerging needs of the respective principal markets’ clients and their customers.

As a result of these changes, information that the Company’s chief operating decision maker (“CODM”) regularly reviews for purposes of allocating resources and assessing performance changed. Therefore, beginning in the first quarter 2015, the Company began reporting its financial performance based on the three reportable segments described below under the caption Revenues by Segment.

Competitive Strengths

We believe that our competitive strengths include the following:

• Brand — FIS has built a global brand known for market leading solutions, innovation and thought leadership in the financial services sector. Capco likewise has a strong brand in integrated consulting and advisory technology strategy and services in this sector.

• Global Reach, Distribution and Scale — Our worldwide presence, breadth and depth of solution offerings, client diversity, established infrastructure and employee skills and competencies enable us to leverage our client relationships and global scale to drive revenue growth and operating efficiency.   We are a global leader in the primary markets we serve, supported by a large, knowledgeable talent pool of employees around the world.

• Extensive Domain Expertise and Portfolio Depth — FIS has a significant number and wide range of high-quality software applications and service offerings that have been developed over many years with substantial input from our clients. We leverage our industry and technology knowledge and experience to tailor these applications and service offerings to deliver comprehensive business solutions that address specific needs of our clients and our clients' customers. These solutions include a wide range of flexible service arrangements for the deployment and support of our software, from cloud-based offerings to managed processing arrangements to traditional license and maintenance approaches, either at the client’s site or at an FIS location. Our broad solution set allows us to bundle tailored and/or integrated solutions to compete effectively. In addition, FIS is able to use the modular nature of our software applications and our ability to integrate many of our applications and services with the solutions of others to provide customized solutions that respond to individualized client needs. We understand the needs of our clients and their customers and have developed innovative solutions that we believe give them a competitive advantage, reducing their operating costs and improving their productivity.

• Excellent Relationship with Clients — Our client-centered approach has enabled us to establish deep and long-lasting client relationships. A significant percentage of FIS’ services are provided under multi-year, recurring contracts, which allows us to develop close partnerships with these clients resulting in high client retention rates. As the breadth and value proposition of FIS’ service offerings has expanded, our access to our clients’ executives and their interest in our solutions and services has increased, presenting greater opportunities for cross-selling and upselling broader integrated solutions to them.

Strategy

Our mission is to provide our clients with superior solutions and services, which we believe will assist our clients in their respective marketplaces and will result in sustained revenue and earnings growth for our shareholders. Our strategy to achieve this goal has been and continues to be built on the following pillars:

• Support Our Clients Through Transformation — Changing market dynamics, particularly in the areas of information security, regulation and innovation, are transforming the way our clients operate, which is driving incremental demand for our leveraged solutions and consulting expertise. As clients evaluate technology, business process changes and vendor risks, our depth of services capabilities enables us to become involved earlier in their planning and design process and assist them as they manage through these changes.

• Expand Client Relationships  — The overall marketwe servecontinues to gravitate beyond single-product purchases to multi-solution partnerships. As the market dynamics shift, our clients may rely more on our multidimensional, integrated service offerings. Our leveraged solutions and processing expertise, along with our consulting and advisory services, can produce meaningful value and cost savings for our clients through more efficient operating processes, improved experience and service quality and convenience for our clients' customers.

• Build , Buy, or Partner to Add Solutions to Cross-Sell — We continue to invest in growth through internal product development, as well as through product-focused or market-centric acquisitions and equity investments that

2

complement and extend our existing solutions and capabilities, providing us with additional solutions to cross-sell. We also partner from time to time with other entities to provide comprehensive offerings to our clients. By investing in solution innovation and integration, we continue to expand our value proposition to clients.

• Continually Improve to Drive Margin Expansion  — We strive to optimize our performance through investments in infrastructure enhancements, our workforce and other measures that are designed to create organic revenue and margin expansion.

• Build Global Diversification — We continue to deploy resources in global markets where we expect to achieve meaningful scale.

Revenues by Segment

The table below summarizes our revenues by reporting segment (in millions):

	2014			2013			2012
IFS	$	3,858.8		$	3,712.0		$	3,554.0
GFS	2,557.3			2,353.9			2,241.6
Corporate & Other	(2.3		)	(2.5		)	0.2
Total Consolidated Revenues	$	6,413.8		$	6,063.4		$	5,795.8

Integrated Financial Solutions

The Integrated Financial Solutions segment is focused on serving the North American regional and community bank market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services, capitalizing on the continuing trend to outsource these solutions. Clients in this segment include regional and community banks, credit unions, commercial lenders, independent community and savings institutions as well as government institutions, merchants and other commercial organizations. This market is primarily served through integrated solutions delivered from leveraged platforms and characterized by multi-year processing contracts that generate highly recurring revenues.

Our solutions in this segment include:

• Core Processing and Ancillary Applications.  Our core processing software applications are designed to run banking processes for our financial institution clients, including deposit and lending systems, customer management, and other central management systems, serving as the system of record for processed activity. The core applications in this segment are generally operated on an outsourced basis. We also offer a number of services that are ancillary to the primary applications listed above, including branch automation, back office support systems and compliance support. In addition, our wealth management services address the specific needs of the affluent markets as well as commercial clients.

• Channel Solutions, including Internet, Mobile and eBanking.  Our comprehensive suite of retail banking delivery applications enables financial institutions to integrate and streamline customer-facing operations and back-office processes, thereby improving customer interaction across all channels (e.g., branch offices, Internet, ATM, Mobile, call centers). FIS' focus on consumer access has driven significant market innovation in this area, with multi-channel and multi-host solutions and a strategy that provides tight integration of services and a seamless customer experience. FIS is a leader in mobile banking solutions and electronic banking enabling clients to manage banking and payments through the Internet, mobile devices and telephone. Our corporate electronic banking solutions provide commercial treasury capabilities including cash management services and multi-bank collection and disbursement services that address the specialized needs of corporate clients. FIS systems provide full accounting and reconciliation for such transactions, serving here also as the system of record.

• Fraud, Risk Management and Compliance Solutions.  Our decision solutions offer a spectrum of options that cover the account lifecycle from helping to identify qualified account applicants to managing existing customer accounts and fraud. Our applications include know-your-customer, new account decisioning and opening, account and transaction management, fraud management and collections. Our risk management services use our proprietary risk management models and data sources to assist in detecting fraud and assessing the risk of opening a new account or accepting a check at either the point-of-sale, a physical branch location, or through the Internet. Our systems use a combination of

3

advanced authentication procedures, predictive analytics, artificial intelligence modeling and proprietary and shared databases to assess and detect fraud risk for deposit transactions for financial institutions. We also provide outsourced risk management and compliance solutions that are configurable to a client's regulatory and risk management requirements.

• Electronic Funds Transfer and Network Services.  Our electronic funds transfer and debit card processing businesses offer settlement and card management solutions for financial institution card issuers. We provide traditional ATM- and PIN-based debit network access through NYCE, and emerging real-time payment alternatives are available through our PayNet^® network. NYCE connects millions of cards and point-of-sale locations nationwide, providing consumers with secure, real-time access to their money. Also through NYCE and PayNet^®, clients such as financial institutions, retailers and independent ATM operators can capitalize on the efficiency, consumer convenience and security of electronic real-time payments, real-time account-to-account transfers, and strategic alliances such as surcharge-free ATM network arrangements.

• Card Solutions.  More than 4,000 financial institutions use a combination of our technology and/or services to issue VISA^®, MasterCard^® or American Express^® branded credit and debit cards or other electronic payment cards for use by both consumer and business accounts. Card transactions continue to increase as a percentage of total point-of-sale payments, which fuels continuing demand for card-related services. We offer Europay, MasterCard and VISA ("EMV") integrated circuit cards, often referred to as smart cards or chip cards, as well as a variety of stored-value card types and loyalty/reward programs. Our integrated services range from card production and activation to processing to an extensive range of fraud management services and value-added loyalty programs designed to increase card usage and fee-based revenues for financial institutions and merchants. The majority of our programs are full service, including most of the operations and support necessary for an issuer to operate a credit card program. We do not make credit decisions for our card issuing clients. We are also a leading provider of prepaid card services, which include gift cards and reloadable cards, with end-to-end solutions for development, processing and administration of stored-value programs.

• Item Processing and Output Services.  Our item processing services furnish financial institutions with the equipment needed to capture data from checks, transaction tickets and other items; image and sort items; process exceptions through keying; and perform balancing, archiving and the production of statements. Our item processing services are used by financial institutions and are performed at one of our multiple item processing centers located throughout the U.S. or on-site at client locations. Our extensive solutions include distributed (i.e., non-centralized) data capture, mobile deposit capture, check and remittance processing, fraud detection, and document and report management. Clients encompass banks and corporations of all sizes, from de novo banks to the largest financial institutions and corporations. We offer a number of output services that are ancillary to the primary solutions we provide, including print and mail capabilities, document composition software and solutions, and card personalization fulfillment services. Our print and mail services offer complete computer output solutions for the creation, management and delivery of print and fulfillment needs. We provide our card personalization fulfillment services for branded credit cards and branded and non-branded debit and prepaid cards.

• ePayment Solutions.  We provide reliable and scalable bill publishing and bill consolidation technology for our clients, generating and facilitating the payment of millions of monthly bills, servicing both billers and financial institution clients. Online bill payment functionality includes credit and debit card-based expedited payments, as well as our emerging person-to-person payment service, PeoplePay ™. Our end-to-end presentment and payment solution provides an all-in-one solution to meet billers’ needs for the distribution and collection of bills and other customer documents. FIS also provides Automated Clearing House ("ACH") processing.

• Retail Solutions. Our check authorization business provides check risk management and related services to businesses accepting or cashing checks. Our services assess the likelihood (and often provide a guarantee) that a check will clear. Our check authorization system uses artificial intelligence modeling and other state-of-the-art technology to deliver accuracy, convenience and simplicity to retailers. Our closed loop gift card solutions and loyalty programs provide merchants compelling solutions to drive consumer loyalty. In addition, our merchant processing service provides a merchant or financial institution a comprehensive solution to manage its merchant card activities, including point-of-sale equipment, transaction authorization, draft capture, settlement, charge-back processing and reporting.

• Government Payments Solutions.  We provide comprehensive, customized electronic service applications for government agencies, including Internal Revenue Service (IRS) payment services, government food stamp and nutrition programs known as Supplemental Nutrition Assistance Program (“SNAP”) and Women, Infants and Children ("WIC"). We also facilitate the collection of state income taxes, real estate taxes, utility bills, vehicle registration fees,

4

driver’s license renewal fees, parking tickets, traffic citations, tuition payments, court fees and fines, hunting and fishing license fees, as well as various business licenses.

Global Financial Solutions

The Global Financial Solutions segment is focused on serving the largest financial institutions around the globe with banking and payments solutions, consulting and transformation services. GFS clients include the largest global financial institutions, including those headquartered in the United States, as well as all international financial institutions we serve as clients in more than 100 countries around the world. These institutions face unique business and regulatory challenges and account for the majority of financial institution information technology spend globally. The purchasing patterns of GFS clients vary from those of IFS clients who typically purchase solutions on an outsourced basis. GFS clients purchase our solutions and services in various ways including licensing and managing technology “in-house”, using consulting and third party services providers as well as fully outsourced end-to-end solutions. We have long-established relationships with many of these financial institutions that generate significant recurring revenue and reoccurring service revenue.

Our solutions in this segment include:

• Banking and Payments Services. The services delivered by FIS to GFS clients leverage many of the same financial and payments solutions we offer in our IFS segment. We provide core banking applications, channel solutions, debit/credit/and prepaid card and merchant services, wealth management services, item processing, outsourced ATM management and customer support and check risk management solutions to financial institutions, card issuers, commercial enterprises and government operations. Our banking solutions in the GFS segment cater to large global banks that have unique challenges and sales requirements. These solutions and services are delivered from multiple operations centers around the world and include fully outsourced core bank processing arrangements, application management and facilities management in addition to software licensing and maintenance. We also offer an application suite that assists automotive finance institutions in evaluating loan applications and credit risk and managing their loan and lease portfolios.

• Strategic Consulting Services. FIS, through its Capco subsidiary, provides complex integrated consulting and advisory, technology and large-scale IT transformation services to financial institutions. Capco consultants work with financial institutions to design and implement improvements in their information technology architecture, providing design, digital strategy consulting, program and change management and delivery services. Global financial institutions in particular can benefit from the combination of Capco's expertise with FIS' broad solution set as they transform in the evolving marketplace to restore customer confidence, reduce their cost structure and provide innovative solutions to their customers.

• Global Commercial Services. As our clients address their financial, regulatory, growth and security challenges, there is an increased trend toward outsourcing. Our global commercial services include solutions, both onshore and offshore, designed to meet the technology challenges facing clients, large or small, including financial institutions and non-financial institutions. These solutions range in scope from consulting engagements to application development projects and from operations support for a single application to full management of information technology infrastructures. We also provide outsourcing teams to manage costs, improve operational efficiency and transform our clients' back office and customer service processes.

• Syndicated Lending. Our syndicated loan applications are designed to support wholesale and commercial banking requirements necessary for all aspects of syndicated commercial loan origination, amendment, trade and servicing.

Revenues from our clients outside of North America included in GFS represented approximately 22% of total 2014 revenues, with potential for both growth in existing client accounts and new account penetration. Management believes the greatest potential for growth is in the Western European, Latin American and Asian markets. Our Brazilian joint venture partner, Banco Bradesco, is our largest GFS client and was responsible for 11% of GFS revenue in 2014 --See Related Party Note 5 to the Consolidated Financial Statements.

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 IFS or GFS segments.

5

The composition of our Corporate and Other segment has changed with the new segment presentation. Specifically, costs such as sales, finance, human resources and other administrative support functions that are directly attributable to IFS or GFS have been assigned to those reportable segments.

Sales and Marketing

We see a trend in the buying behavior of financial services sector clients away from single products and toward integrated solutions that best suit a particular market of clients. We have experienced sales personnel with expertise in particular services and markets as well as in the needs of particular types of clients. We believe that focusing our expertise in specific markets (e.g., global financial institutions, North American financial institutions) and tailoring integrated solution sets of particular value to participants in those markets will enable us to deliver better value to our clients and also help us leverage opportunities to cross-sell and up-sell. As a result, in 2014 we realigned our sales teams to better match our solution expertise with the market opportunity and client demand. In 2014, we hired additional personnel with a specific focus on global financial institutions and we expect to sustain and continue to invest in this market initiative. We target the majority of our potential clients via direct and/or indirect field sales, as well as inbound and outbound lead generation and telesales efforts. In 2015, we further aligned our sales teams to the IFS segment’s North American regional and community bank market and the GFS segment’s global and international financial institutions market based on the underlying solutions and services assigned to these two segments.

Our global marketing strategy is to develop and lead the execution of the IFS and GFS strategic marketing plans in support of their revenue and profitability goals and the FIS brand. Key components include thought leadership, integrated programs with consistent message development, internal and external communications, client conference content management, web content creation and management, trade shows, demand generation campaigns and collateral development and management. We leverage our sales and marketing teams across North America in IFS. In GFS, internationally, we have a regional sales and marketing coverage model and for larger or strategic clients, we further designate an engagement partner to manage the relationship and identify sales opportunities.

Patents, Copyrights, Trademarks and Other Intellectual Property

The Company owns intellectual property, including trademarks, trade names, copyrights and patents, that we believe are important to our future success. We rely on a combination of contractual restrictions, internal security practices, patents, copyrights and applicable law to establish and protect our software, technology and expertise worldwide. We rely on trademark law to protect our rights in those brands. We intend to continue taking appropriate measures to protect our intellectual property rights, including by legal action when necessary and appropriate. In general, we own the proprietary rights necessary for the conduct of our business, although we do license certain items from third parties under arms-length agreements for varying terms.

Competition

Our primary competitors include internal technology departments within financial institutions and retailers, data processing or software development departments of large companies or large computer manufacturers, companies that deliver software and integrated services to the financial services industry, third-party payment processors, independent computer services firms, companies that develop and deploy software applications, companies that provide customized development, implementation and support services, strategic consulting and technology consulting firms, and business process outsourcing companies. Some of these competitors possess greater financial, sales and marketing resources than we do. Competitive factors impacting the success of our services include the quality of the technology-based application or service, application features and functions, ease of delivery and integration, the ability of the provider to maintain, enhance and support the applications or services, price and overall relationship management. We believe that we compete favorably in each of these categories. In addition, we believe that our financial services industry expertise, combined with our ability to offer multiple applications, services and integrated solutions to individual clients, enhances our competitiveness against companies with more limited offerings.

In addition, our external competition continues to grow as international providers seek to bring their core processing and related products to the North American market. In this market we compete with International Business Machines Corporation (IBM), Fiserv, Inc., Jack Henry and Associates, Inc., Accenture Ltd., Alliance Data Systems Corporation, DST Systems, D+H Corporation, CSI, COCC, SAP, Black Knight Financial Services, CSC, SEI Investments Company, ACI Worldwide, SunGard Data Systems, Inc. and certain competitors in international markets have shown an increased presence in North America, including Oracle Financial Services Software Limited (formerly known as I-Flex Solutions Limited), Misys plc, InfosysTechnologies and Temenos Group AG while others for now compete primarily in international markets, such as Alnova Technologies Corporation, Atos, TATA Capital and Polaris Technologies. A number of these competitors also provide ancillary financial and product solutions. Our competitors in the card services market include MasterCard Incorporated, Visa Inc., and

6

third-party credit and debit card processors, such as First Data Corporation, Vantiv, Total System Services, Inc., HP Enterprise Services and Payment Systems for Credit Unions (PSCU). New non-traditional payments competitors include Apple, Google and Paypal. Competitors in the check risk management services market include First Data Corporation’s TeleCheck Services division, Heartland Payment Systems, Inc., Total Systems Services, Inc. and Global Payments, Inc.

Research and Development

Our research and development activities have related primarily to the design and development of processing systems and related software applications and risk management platforms. We expect to continue our practice of investing an appropriate level of resources to maintain, enhance and extend the functionality of our proprietary systems and existing software applications, to develop new and innovative software applications and systems to address emerging technology trends in response to the needs of our clients and to enhance the capabilities surrounding our outsourcing infrastructure. In addition, we intend to offer services that are compatible with new and emerging delivery channels.

As part of our research and development process, we evaluate current and emerging technology for compatibility with our existing and future software platforms. To this end, we engage with various hardware and software vendors in evaluation of various infrastructure components. Where appropriate, we use third-party technology components in the development of our software applications and service offerings. In the case of nearly all of our third-party software, enterprise license agreements exist for the third-party component and either alternative suppliers exist or transfer rights exist to ensure the continuity of supply. As a result, we are not materially dependent upon any third-party technology components. Third-party software may be used for highly specialized business functions, which we may not be able to develop internally within time and budget constraints. Additionally, third-party software may be used for commodity-type functions within a technology platform environment. We work with our clients to determine the appropriate timing and approach to introducing technology or infrastructure changes to our applications and services. In each of the years ended December 31, 2014, 2013 and 2012, approximately 2% to 3% of revenues were invested in research and development efforts.

Government Regulation

Our services are subject to a broad range of complex federal, state, and foreign regulation, including federal truth-in-lending and truth-in-savings rules, Regulation AA (Unfair or Deceptive Acts or Practices), privacy laws, usury laws, laws governing state trust charters, the Equal Credit Opportunity Act, the Electronic Funds Transfer Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Bank Secrecy Act, the USA Patriot Act, the Internal Revenue Code, the Employee Retirement Income Security Act, the Health Insurance Portability and Accountability Act, the Community Reinvestment Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"). The compliance of our services and applications with these and other applicable laws and regulations depends on a variety of factors, including the manner in which our clients use them. Our clients are contractually responsible for determining what is required of them under applicable laws and regulations so that we can assist them in their compliance efforts. The failure of our services to comply with applicable laws and regulations could result in restrictions on our ability to provide them, as well as the imposition of civil fines and/or criminal penalties. The principal areas of regulation impacting our business are:

• Oversight by Banking Regulators. As a provider of electronic data processing and back-office services to financial institutions, FIS is subject to regulatory oversight and examination by the Federal Financial Institutions Examination Council ("FFIEC"), an interagency body of the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration and various state regulatory authorities as part of the Multi-Region Data Processing Servicer Program ("MDPS"). The MDPS program includes technology suppliers who provide mission critical applications for a large number of financial institutions that are regulated by multiple regulatory agencies. Periodic information technology examination assessments are performed using FFIEC Interagency guidelines to identify potential risks that could adversely affect serviced financial institutions, determine compliance with applicable laws and regulations that affect the services provided to financial institutions and ensure the services we provide to financial institutions do not create systemic risk to the banking system or impact the safe and sound operation of the financial institutions we process. In addition, independent auditors annually review several of our operations to provide reports on internal controls for our clients’ auditors and regulators. We are also subject to review under state and foreign laws and rules that regulate many of the same activities that are described above, including electronic data processing and back-office services for financial institutions and the use of consumer information. Our U.S. based wealth management business holds charters in the states of Georgia and Delaware which exposes us to further regulatory compliance requirements of the Georgia Department of Banking and Finance and the Office of the Commissioner of Banking in the State of Delaware. In addition, our Platform Securities, LLC subsidiary in the U.K. is subject to regulation by the Financial Conduct Authority ("FCA") as a custodian involved in the safeguarding and administration of assets of its professional and

7

retail customers. The FCA has increased regulatory mandate under U.K. law effective April 1, 2014 and other businesses of ours in the U.K. will become subject to regulation under the FCA in the coming year.

• Privacy.  Our financial institution clients are required to comply with privacy regulations imposed under the Gramm-Leach-Bliley Act. These regulations place restrictions on the use of non-public personal information. All financial institutions must disclose detailed privacy policies to their customers and offer them the opportunity to direct the financial institution not to share information with third parties. The regulations, however, permit financial institutions to share information with non-affiliated parties who perform services for the financial institutions. As a provider of services to financial institutions, we are required to comply with the privacy regulations and are bound by the same limitations on disclosure of the information received from our clients as apply to the financial institutions themselves.

• Money Transfer.  Elements of our cash access and money transmission businesses are registered as a Money Services Business and are subject to the USA Patriot Act and reporting requirements of the Bank Secrecy Act and U.S. Treasury Regulations. These businesses may also be subject to certain state, local and tribal licensing requirements. The Financial Crimes Enforcement Network, state attorneys general, and other agencies have enforcement responsibility over laws relating to money laundering, currency transmission, and licensing. In addition, most states have enacted statutes that require entities engaged in money transmission and the sale of stored value cards to register as a money transmitter with that jurisdiction's banking department.

• Consumer Reporting and Protection.  Our retail check authorization services (Certegy Check Services) and account opening services, including credit scoring analysis (ChexSystems) maintain databases of consumer information and, as a consequence, are subject to the Federal Fair Credit Reporting Act and similar state laws. Among other things, the Federal Fair Credit Reporting Act imposes requirements on us concerning data accuracy, and provides that consumers have the right to know the contents of their files, to dispute their accuracy, and to require verification or removal of disputed information. The Federal Trade Commission, as well as state attorneys general and other agencies, have enforcement responsibility over the collection laws, as well as the various credit reporting laws. In furtherance of our objectives of data accuracy, fair treatment of consumers, protection of consumers’ personal information, and compliance with these laws, we strive to, and have made considerable investment to, maintain a high level of security for our computer systems in which consumer data resides, and we maintain consumer relations call centers to facilitate efficient handling of consumer requests for information and handling disputes. We also are focused on ensuring our operating environments safeguard and protect consumer's personal information in compliance with these laws.

The Dodd-Frank Act was enacted and signed into law on July 21, 2010. Among other provisions, this legislation created the Consumer Financial Protection Bureau (the "CFPB"), whose sole focus is to develop, implement and, with respect to financial institutions with more than $10 billion in assets, enforce consumer protection rules promulgated by the CFPB, including enhanced oversight of non-financial institutions providing financial services. For financial institutions with less than $10 billion in assets, enforcement of the rules will be carried out by such institution's primary federal regulator. Certain of our businesses that affect end consumers are subject to examination by these regulators from time to time.

Our consumer reporting and facing businesses are subject to CFPB bulletin 2013-7 an update to the former Regulation A- Unfair Deceptive Acts or Practices, which states the definition of Unfair, Deceptive or Abusive Acts or Practices (UDAAP). This specific bulletin states that UDAAPs can cause significant financial injury to consumers, erode consumer confidence, and undermine fair competition in the financial marketplace. Original creditors and other covered persons and service providers under the Dodd-Frank Act involved in collecting debt related to any consumer financial product or service are subject to the prohibition against UDAAPs in the Dodd-Frank Act.

• Debt Collection.  Our collection services supporting our check, card and payment environments are subject to the Federal Fair Debt Collection Practices Act and various state collection laws and licensing requirements. The Federal Trade Commission, as well as state attorneys general and other agencies, have enforcement responsibility over the collection laws, as well as the various credit reporting laws.

The foregoing list of laws and regulations to which our Company is subject is not exhaustive, and the regulatory framework governing our operations changes continuously. Enactment of new laws and regulations may increasingly affect the operations of our business, directly and indirectly, which could result in substantial regulatory compliance costs, litigation expense, adverse publicity, and/or loss of revenue.

Information Security

8

Globally, attacks on information technology systems continue to grow in frequency, complexity and sophistication. Such attacks have become a point of focus for individuals, businesses and governmental entities. The objectives of these attacks include, among other things, gaining unauthorized access to systems to facilitate financial fraud, disrupt operations, cause denial of service events, corrupt data, and steal non-public, sensitive information. FIS is not immune to such attacks. As part of our business, we electronically receive, process, store and transmit a wide range of confidential information, including but not limited to sensitive information of our clients and personal consumer data. For more information on Information Security, see Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations.

Employees

As of December 31, 2014, we had approximately 40,000 employees, including approximately 25,000 employees principally employed outside of the U.S. None of our U.S. workforce currently is unionized. Approximately 11,000 of our employees, primarily in Brazil and Germany, are represented by labor unions or work councils. We consider our relations with employees to be good.

Available Information

Our Internet website address is www.fisglobal.com. We make our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, and any amendments to those reports, available, free of charge, on that website as soon as reasonably practicable after we file or furnish them to the Securities and Exchange Commission. Our Corporate Governance Policy and Code of Business Conduct and Ethics are also available on our website and are available in print, free of charge, to any shareholder who mails a request to the Corporate Secretary, Fidelity National Information Services, Inc., 601 Riverside Avenue, Jacksonville, FL 32204 USA. Other corporate governance-related documents can be found at our website as well. However, the information found on our website is not a part of this or any other report.

9

EX-99.2

Exhibit 99.2

PART II

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Note: The information contained in this Item has been updated for the changes in reportable segments, as follows:

• The "Goodwill and other Intangible Assets" section under the caption "Critical Accounting Policies" was updated to disclose that in connection with the change in reporting segments, we reallocated goodwill to the new segments based on relative fair value as of January 1, 2015 and performed a step one quantitative analysis. We concluded that there were no indications of impairment for any of our reporting units based on this analysis.

• The financial data and related analysis under the caption "Segment Results of Operations" has been recast to reflect the changes in reportable segments for all periods.

This Item has not been updated for any other changes since the filing of the 2014 Annual Report on Form 10-K (“2014 Annual Report”) with the U.S. Securities and Exchange Commission ("SEC") on February 27, 2015. For developments since the filing of the 2014 Annual Report, refer to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, and other filings by the Company with the SEC.

The following section discusses management’s view of the financial condition and results of operations of FIS and its consolidated subsidiaries as of December 31, 2014 and 2013 and for the years ended December 31, 2014, 2013 and 2012.

This section should be read in conjunction with the audited Consolidated Financial Statements and related Notes of FIS included elsewhere in this 2014 Annual Report. This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements. See “Forward-Looking Statements” and “Risk Factors” for a discussion of the uncertainties, risks and assumptions associated with these forward-looking statements that could cause future results to differ materially from those reflected in this section.

Overview

FIS is a leading global provider of banking and payments technology solutions, and consulting and outsourcing solutions. With a long history deeply rooted in the financial services industry and banking and payment technology solutions, FIS delivers services to more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Florida, FIS employs approximately 40,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. Through our Capco brand, we deliver globally a wide range of information technology consulting and transformational services to financial institutions. FIS is a member of the Fortune 500 U.S. and of Standard and Poor's (S&P) 500 Index.

Business Trends and Conditions

Our revenue is primarily derived from a combination of recurring technology and processing services, consulting and professional services and software license fees. The majority of our revenue has historically been recurring, provided under multi-year contracts that contribute relative stability to our revenue stream. These services, in general, are considered critical to our clients' operations. A significant portion of these recurring revenues is derived from transaction processing fees that fluctuate with the level of deposit accounts and card transactions associated with consumer and commercial activity. Consulting and professional services revenues are typically non-recurring, and sales of software licenses are less predictable, a portion of which can be regarded as discretionary spending by our clients.

A continued trend in the financial services industry from which we are benefiting is the migration by many financial institutions to outsourced integrated technology solutions to improve their profitability and rapidly address regulatory challenges. As a provider of outsourcing solutions, we benefit from multi-year recurring revenue streams, which help moderate the effects of year-to-year economic changes on our results of operations. We believe our integrated solutions and outsourced services are targeted and well positioned to address this outsourcing trend across the markets we serve.

Consulting services revenue grew at an increased pace in 2014, and we believe this trend will continue in 2015. The current market pressures in the financial services industry are driving demand for our consulting and professional services as many financial institutions seek to transform their businesses to significantly reduce their cost base, innovate, and comply with increased regulatory oversight with regard to information technology and related processes. Capco provides strategic

1

consulting service capabilities to respond to these market needs and has established itself as a leading global consultancy focused on transformation strategy and execution. Our gross margin percentage will decline if consulting and professional services revenue grows disproportionately to our processing and service revenue, which generally delivers a higher gross margin. In addition, as consulting and professional services revenue grow as a portion of our overall revenue, we likely will have a lower overall percentage of recurring revenue as these services are generally non-recurring.

In 2014, we targeted a market opportunity in large global financial institutions where we coupled our strategic consulting and transformation services with outsourced technology, services and solutions to help them achieve their business goals. We made significant, incremental investments in management, sales and account management resources in 2014 to address this opportunity. We believe this market opportunity remains attractive as these large institutions address the challenges they face, thereby driving demand for our consulting and professional services. Additionally, we believe these large global institutions are likely to increase technology spending to meet competitive pressures after a slowdown during the recent financial crisis years. We expect to sustain our 2014 investment in management, sales and account management resources to pursue this market opportunity.

Consumer preference continues to shift from traditional branch banking services to faster on-demand banking solutions and our clients seek to provide a single integrated banking experience through their branch, mobile, internet and voice banking channels. We are focused on enabling our clients to deliver this experience to their customers through our integrated solutions and services. We continue to innovate and invest in these integrated solutions and services to assist clients as they address this market demand.

We continue to see demand for innovative solutions in the payments market that will deliver faster, more convenient payment solutions in mobile channels, internet applications and cards. We believe mobile payments will grow and partially replace existing payment tender volumes over time as consumers and merchants embrace the convenience, incremental services and benefits. Mobile payment volume is growing significantly but does not yet represent a meaningful amount of the payments market. Additionally, new formidable non-traditional payments competitors, such as Apple, PayPal, and large merchants, are investing in and innovating mobile payment technologies to address the emerging market opportunity, and it is unclear the extent to which particular technologies or services will succeed. We believe the growth of mobile payments continues to present both an opportunity and a risk to us as the market develops. Although we cannot predict which mobile payment technologies or solution will be successful, we cautiously believe our client relationships, payments infrastructure and experience, adapted solutions and emerging solutions are well positioned to maintain or grow our clients' existing payment volumes, which is our focus.

High profile North American merchant payment card information security breaches have pushed the payment card industry towards EMV integrated circuit cards as financial institutions, card networks and merchants seek to improve information security and reduce fraud costs. We have invested in our card management solutions and card manufacturing and processing capabilities to accommodate EMV integrated circuit cards so we can guide our clients through this anticipated technology transition, sustain and grow our card driven businesses. We believe the trend to migrate to EMV cards will accelerate in 2015 and we continue to invest to address market demand.

The use of checks continues to decline as a percentage of total payments, which negatively impacts our check warranty and item-processing businesses, and we expect this trend to continue. In 2014, we observed a modest deceleration in our check volume decline and to date have been able to successfully mitigate the majority of the impacts of this decline through cost and fraud efficiency actions and new market solutions, which remain our continued focus.

We anticipate consolidation within the banking industry will continue, primarily in the form of merger and acquisition activity, which we believe as a whole is detrimental to our business. However, consolidation resulting from specific merger and acquisition transactions may be beneficial or detrimental to our business. When consolidations of financial institutions occur, merger partners often operate systems licensed from competing service providers. The newly formed entity generally makes a determination to migrate its core and payments systems to a single platform. When a financial institution processing client is involved in a consolidation, we may benefit by their expanding the use of our services if such services are chosen to survive the consolidation and support the newly combined entity. Conversely, we may lose market share if we are providing services to both entities, or we are not the merging parties' provider of core or payment processing, or if a client of ours is involved in a consolidation and our services are not chosen to survive the consolidation and support the newly combined entity. It is also possible that larger financial institutions resulting from consolidation may have greater leverage in negotiating terms or could decide to perform in-house some or all of the services that we currently provide or could provide. We seek to mitigate the risks of consolidations by offering other competitive services to take advantage of specific opportunities at the surviving company.

2

Notwithstanding challenging global economic conditions, our international business continued to experience growth across all major regions on a constant currency basis during the year ended December 31, 2014, including Latin America, Europe and Asia. We expect this growth trend to continue as the result of continued growth in our consulting and professional services, new, large-scale outsourcing clients and the opportunities we see for similar arrangements. Demand for our solutions will also be driven in developing countries by government-led financial inclusion policies aimed to reduce the unbanked population and by growth in the middle classes in these markets driving the need for more sophisticated banking solutions. The majority of our European revenue is generated by clients in the United Kingdom, France and Germany.

Information Security

Globally, attacks on information technology systems continue to grow in frequency, complexity and sophistication. This is a trend we expect will continue. Such attacks have become a point of focus for individuals, businesses and governmental entities. The objectives of these attacks include, among other things, gaining unauthorized access to systems to facilitate financial fraud, disrupt operations, cause denial of service events, corrupt data, and steal non-public information. FIS is not immune to such attacks. As part of our business, we electronically receive, process, store and transmit a wide range of confidential information, including sensitive customer information and personal consumer data. We also operate payment, cash access and prepaid card systems. FIS, like any large financial technology service provider, is subject to attempted cyber-attacks on a regular basis. A successful cyber-attack on an FIS system that resulted in sensitive information being compromised, fraud losses or other adverse consequences could have a material adverse effect on the company.

As a Multi-Regional Data Processing Servicer (MDPS), FIS continues to be examined by and have regular interaction with the federal agencies that regulate financial institutions. These regulators have the authority to take actions they deem necessary to protect the safety and soundness of the financial institutions they regulate. Such actions, if taken, could have a material adverse impact on our business. FIS regularly reports to its regulators and to its clients regarding the Company's continual efforts to enhance its information security and risk management technology, programs and procedures. In late April 2014, the federal agencies that provide regulatory oversight for FIS issued a confidential report related to their examination of our information security, risk management and internal audit functions between October 2012 and October 2013. We responded to the report and described the actions that we have taken, as well as ongoing efforts underway to address specific findings. The regulatory agencies distributed the report, and a cover letter, to a subset of our regulated clients beginning in May 2014. This prompted inquiries from clients, which, to the extent permitted by federal regulation, FIS has addressed on an individual basis. While individual clients and prospects have expressed concern over the report, we do not believe that it has had a material effect on the overall sales closures in 2014 or our sales pipeline; however, we continue to monitor sales activity and any potential impact on future periods. We are unable to predict with certainty what, if any, communications or actions our regulators will have or take with our regulated financial institution clients with respect to our risk management and information security. We are also unable to predict the effect that any such communications or actions may have on our business.

FIS remains focused on making strategic investments in information security to protect its clients and its information systems. This includes both capital expenditures and operating expense on hardware, software, personnel and consulting services. We also participate in industry and governmental initiatives to improve information security for our clients.

Critical Accounting Policies

The accounting policies described below are those we consider critical in preparing our Consolidated Financial Statements. These policies require management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosures with respect to contingent liabilities and assets at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. Actual amounts could differ from those estimates. See Note 2 to the Consolidated Financial Statements for a more detailed description of the significant accounting policies that have been followed in preparing our Consolidated Financial Statements.

Revenue Recognition

The Company generates revenues from the delivery of bank processing, credit and debit card processing services, other payment processing services, professional services, software licensing and software related services. Revenues are recognized when evidence of an arrangement exists, delivery has occurred, fees are fixed or determinable and collection is considered probable. We are frequently a party to multiple concurrent contracts with the same client. These situations require judgment to determine whether the individual contracts should be aggregated or evaluated separately for purposes of revenue recognition. In making this determination, we consider the timing of negotiating and executing the contracts, whether the different elements of the contracts are interdependent and whether any of the payment terms of the contracts are interrelated. Our individual contracts also frequently include multiple elements. We must apply judgment in these circumstances in determining whether

3

individual elements can be considered separate units of accounting or should instead be accounted for in combination with other deliverables. Judgment is also required in ascribing fair value to each deliverable for purposes of allocating consideration. Due to the large number, broad nature and average size of individual contracts we are party to, the impact of judgments and assumptions that we apply in recognizing revenue for any single contract is not likely to have a material effect on our consolidated operations or financial position. However, the broader accounting policy assumptions that we apply across similar arrangements or classes of clients could significantly influence the timing and amount of revenue recognized in our historical and future results of operations or financial position. Additional information about our revenue recognition policies is included in Note 2 to the Consolidated Financial Statements.

Allowance for Doubtful Accounts

The Company analyzes trade accounts receivable by considering historical bad debts, client creditworthiness, current economic trends, changes in client payment terms and collection trends when evaluating the adequacy of the allowance for doubtful accounts. Any change in the assumptions used may result in an additional allowance for doubtful accounts being recognized in the period in which the change occurs.

Provision for Check Guarantee Losses

In our check guarantee business, if a guaranteed check presented to a merchant client is dishonored by the check writer’s bank, we reimburse our merchant client for the check’s face value and pursue collection of the amount from the delinquent check writer. Loss provisions and anticipated recoveries are primarily determined by performing a historical analysis of our check loss and recovery experience and considering other factors that could affect that experience in the future. Such factors include the general economy, the overall industry mix of our client volumes, statistical analysis of check fraud trends within our client volumes and the quality of returned checks. The estimated check returns and recovery amounts are subject to the risk that actual amounts returned and recovered may be different than our estimates.

Historically, our estimation processes have proved to be materially accurate; however, our projections of probable check guarantee losses and anticipated recoveries are inherently uncertain and as a result, we cannot predict with certainty the amount of such items. Changes in economic conditions, the risk characteristics and composition of our clients, and other factors could impact our actual and projected amounts. We recorded check guarantee losses, net of anticipated recoveries excluding service fees, of $57.2 million, $57.3 million and $54.7 million, respectively, for the years ended December 31, 2014, 2013 and 2012. A ten percent difference in our estimated check guarantee loss provisions net of estimated recoveries as of December 31, 2014, would have impacted 2014 net earnings by less than $2.0 million, after-tax.

Computer Software

Computer software includes the fair value of software acquired in business combinations, purchased software and capitalized software development costs. 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.

The capitalization of software development costs is governed by FASB ASC Subtopic 985-20 if the software is to be sold, leased or otherwise marketed, or by FASB ASC Subtopic 350-40 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 include primarily 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 product-by-product basis commencing on the date of general release of the products (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 ranges from three to 10 years, or (2) the ratio of current revenues to total anticipated revenues over its useful life.

In determining useful lives, management considers historical results and technological trends that may influence the estimate. Useful lives for all computer software range from three to 10 years. We also assess the recorded value of computer software for impairment on a regular basis by comparing the carrying value to the estimated future cash flows to be generated by the underlying software asset (for software to be marketed). There are inherent uncertainties in determining the expected useful life or cash flows to be generated from computer software. While we have not historically experienced significant changes in these estimates, our results of operations could be subject to such changes in the future.

4

Goodwill and Other Intangible Assets

We are required to allocate the purchase price of acquired businesses to the assets acquired and liabilities assumed in the transaction at their estimated fair values. The estimates used to determine the fair value of long-lived assets, such as intangible assets, are complex and require a significant amount of management judgment. We generally engage independent valuation specialists to assist us in making fair value determinations. We are also required to estimate the useful lives of intangible assets to determine the amount of acquisition-related intangible asset amortization expense to record in future periods. We periodically review the estimated useful lives assigned to our finite-lived intangible assets to determine whether such estimated useful lives continue to be appropriate. Additionally, we review our indefinite-lived intangible assets to determine if there is any change in circumstances that may indicate the asset’s useful life is no longer indefinite.

Goodwill represents the excess of cost over the fair value of identifiable assets acquired and liabilities assumed in business combinations. Goodwill and other intangible assets with indefinite useful lives should not be amortized, but shall be tested for impairment annually, or more frequently if circumstances indicate potential impairment. In 2011, the FASB issued Accounting Standards Update No. 2011-08 ("ASU 2011-08"), Testing Goodwill for Impairment. The revised standard allows an entity first to assess qualitatively whether it is more likely than not that a reporting unit's carrying amount exceeds its fair value, referred to in the guidance as "step zero." If an entity concludes that it is more likely than not that a reporting unit's fair value is less than its carrying amount (that is, a likelihood of more than 50 percent), the "step one" quantitative assessment must be performed for that reporting unit. ASU 2011-08 provided examples of events and circumstances that should be considered in performing the "step zero" qualitative assessment, including macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, events affecting a reporting unit or the entity as a whole and a sustained decrease in share price.

We assess goodwill for impairment on an annual basis during the fourth quarter using a September 30th measurement date unless circumstances require a more frequent measurement. For 2014 and 2013, we began our assessment with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our reporting units in the 2012 step one analysis. In performing the step zero qualitative analysis for each of 2014 and 2013, examining those factors most likely to affect our valuations, we concluded that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts. Consequently, we did not perform a step one quantitative analysis in 2014 or 2013. We did, however, subsequently update our procedures for 2014 in conjunction with the change in reportable segments. We reallocated goodwill to the new segments based on relative fair value as of January 1, 2015 and performed a step one quantitative analysis using the methodology described in the following paragraph. Based upon the results of this test, there were no indications of impairment for any of our reporting units.

For 2012, primarily for the purpose of validating our valuation assumptions, we elected to proceed directly to the step one quantitative analysis rather than perform the step zero qualitative assessment. In applying the quantitative analysis, we determine the fair value of our reporting units based on a weighted average of multiple valuation techniques, principally a combination of an income approach and a market approach. 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 a reporting unit exceeds the carrying value of the reporting unit’s net assets, goodwill is not impaired and further testing is not required. Based upon the results of this test, there were no indications of impairment for any of our reporting units for 2012.

We also estimate the fair value of acquired intangible assets with indefinite lives and compare this amount to the underlying carrying value annually. FASB Accounting Standards Update No. 2012-02 ("ASU 2012-02") modified the former requirement to perform an annual quantitative impairment test for indefinite-lived intangible assets. Similar to the ASU 2011-08 guidance for goodwill, it allows an organization to first perform a qualitative assessment of whether it is more likely than not that an asset has been impaired.

For 2014 and 2013, we began our assessment of indefinite lived intangibles with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our indefinite-lived intangible assets in 2012. Based upon the results of this test, there were no indications of impairment, except for one trademark with nominal value in 2013. For 2012, we proceeded directly to a quantitative analysis, using a form of income approach valuation known as the relief-from-royalty method. Our tests did not result in the impairment of any of our intangible assets for 2012.

Determining the fair value of a reporting unit or acquired intangible assets with indefinite lives involves judgment and the use of significant estimates and assumptions, which include assumptions regarding the revenue growth rates and operating margins used to calculate estimated future cash flows, risk-adjusted discount rates and future economic and market conditions and other assumptions.

5

Accounting for Income Taxes

As part of the process of preparing the Consolidated Financial Statements, we are required to determine income taxes in each of the jurisdictions in which we operate. This process involves estimating actual current tax expense together with assessing temporary differences resulting from differing recognition of items for income tax and financial reporting purposes. These differences result in deferred income tax assets and liabilities, which are included within the Consolidated Balance Sheets. We must then assess the likelihood that deferred income tax assets will be recovered from future taxable income and, to the extent we believe that recovery is not likely, establish a valuation allowance. To the extent we establish a valuation allowance or increase or decrease this allowance in a period, we must reflect this increase or decrease as an expense or benefit within income tax expense in the Consolidated Statements of Earnings. Determination of the income tax expense requires estimates and can involve complex issues that may require an extended period to resolve. Further, changes in the geographic mix of revenues or in the estimated level of annual pre-tax income can cause the overall effective income tax rate to vary from period to period. We also receive periodic assessments from taxing authorities challenging our positions that must be taken into consideration in determining our tax reserves. Resolving these assessments, which may or may not result in additional taxes due, may also require an extended period of time. We believe that our tax positions comply with applicable tax law and that we adequately account for any known tax contingencies. We believe the estimates and assumptions used to support our evaluation of tax benefit realization are reasonable. However, final determination of prior-year tax liabilities, either by settlement with tax authorities or expiration of statutes of limitations, could be materially different than estimates reflected in assets and liabilities and historical income tax provisions. The outcome of these final determinations could have a material effect on our income tax provision, net income or cash flows in the period that a determination is made.

Related Party Transactions

We are a party to certain historical related party agreements as discussed in Note 5 to the Consolidated Financial Statements included in Item 8 of Part II of this 2014 Annual Report.

Factors Affecting Comparability

Our Consolidated Financial Statements included in this report that present our financial condition and operating results reflect the following significant transactions:

• We have engaged in share repurchase programs throughout all periods presented. In 2014, we repurchased a total of 8.7 million shares for $475.5 million; in 2013, we repurchased a total of 10.7 million shares for $475.9 million; and in 2012, we repurchased a total of 14.0 million shares for $451.4 million.

As a result of the above transactions, earnings per share in the periods covered by the Consolidated Financial Statements may not be directly comparable.

6

Consolidated Results of Operations

(in millions, except per share amounts)

	2014			2013			2012
Processing and services revenues	$	6,413.8		$	6,063.4		$	5,795.8
Cost of revenues	4,332.7			4,092.7			3,956.2
Gross profit	2,081.1			1,970.7			1,839.6
Selling, general, and administrative expenses	810.5			907.8			763.3
Operating income	1,270.6			1,062.9			1,076.3
Other income (expense):
Interest income	15.3			10.4			8.6
Interest expense	(172.8		)	(198.6		)	(231.3		)
Other income (expense), net	(59.7		)	(51.2		)	(25.3		)
Total other income (expense)	(217.2		)	(239.4		)	(248.0		)
Earnings from continuing operations before income taxes	1,053.4			823.5			828.3
Provision for income taxes	335.1			308.9			270.1
Earnings from continuing operations, net of tax	718.3			514.6			558.2
Earnings (loss) from discontinued operations, net of tax	(11.4		)	3.1			(77.1		)
Net earnings	706.9			517.7			481.1
Net (earnings) loss attributable to noncontrolling interest	(27.8		)	(24.6		)	(19.9		)
Net earnings attributable to FIS	$	679.1		$	493.1		$	461.2
Net earnings per share — basic from continuing operations attributable to FIS common stockholders	$	2.42		$	1.69		$	1.84
Net earnings (loss) per share — basic from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01			(0.26		)
Net earnings per share — basic attributable to FIS common stockholders *	$	2.38		$	1.70		$	1.58
Weighted average shares outstanding — basic	284.8			289.7			291.8
Net earnings per share — diluted from continuing operations attributable to FIS common stockholders	$	2.39		$	1.67		$	1.81
Net earnings (loss) per share — diluted from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01			(0.26		)
Net earnings per share — diluted attributable to FIS common stockholders *	$	2.35		$	1.68		$	1.55
Weighted average shares outstanding — diluted	288.7			294.2			297.5
Amounts attributable to FIS common stockholders:
Earnings from continuing operations, net of tax	$	690.5		$	490.0		$	538.3
Earnings (loss) from discontinued operations, net of tax	(11.4		)	3.1			(77.1		)
Net earnings attributable to FIS	$	679.1		$	493.1		$	461.2

* Amounts may not sum due to rounding.

Processing and Services Revenues

Processing and services revenues totaled $6,413.8 million, $6,063.4 million and $5,795.8 million in 2014, 2013 and 2012, respectively. The increase in revenue during 2014 of $350.4 million, or 5.8%, as compared to 2013, is primarily attributable to increased demand for implementation and consulting services, incremental revenues from 2013 and 2014 acquisitions of $83.2 million and growth from our international operations resulting from our expanded presence across Europe and Asia. The 2014 period included $37.4 million of unfavorable foreign currency impact resulting from a stronger U.S. Dollar as compared to 2013. The increase in revenue during 2013 of $267.6 million, or 4.6%, as compared to 2012, is primarily attributable to transaction growth and demand for professional and consulting services, higher termination fees, incremental revenues from 2013 and 2012 acquisitions of $55.7 million and increased processing volumes. The 2013 period included $49.6 million of unfavorable foreign currency impact resulting from a stronger U.S. Dollar as compared to 2012.

7

Cost of Revenues and Gross Profit

Cost of revenues totaled $4,332.7 million, $4,092.7 million and $3,956.2 million in 2014, 2013 and 2012, respectively, resulting in gross profit of $2,081.1 million, $1,970.7 million and $1,839.6 million in 2014, 2013 and 2012, respectively. Gross profit as a percentage of revenues (“gross margin”) was 32.4%, 32.5% and 31.7% in 2014, 2013 and 2012, respectively. The increase in gross profit during 2014 as compared to 2013 primarily resulted from the revenue variances discussed above. The gross margin for 2014 as compared to 2013 primarily reflects the impact of revenue mix, as higher margin processing revenue drove margin expansion that was offset by an increase in lower margin consulting revenue and lower termination fees in 2014. The increase in gross profit during 2013 as compared to 2012 primarily resulted from the revenue variances discussed above. The increase in gross margin for 2013 as compared to 2012 primarily reflects the impact of a more favorable revenue mix, as higher margin processing revenue and termination fees drove margin expansion that was partially offset by increases in lower margin consulting revenue and $16.1 million of the Capco acquisition related adjustments described in Note 6 of the Notes to Consolidated Financial Statements.

Selling, General and Administrative Expenses

Selling, general and administrative expenses totaled $810.5 million, $907.8 million and $763.3 million for 2014, 2013 and 2012, respectively. The 2014 decrease of $97.3 million as compared to 2013 was primarily due to the impact of charges recorded in the 2013 period discussed below, partially offset by 2014 one-time transaction costs, including integration activities related to recent acquisitions and other severance costs. The 2013 increase of $144.5 million as compared to 2012 was primarily due to charges of $131.1 million for the Capco acquisition related adjustments described in Note 6 of the Notes to Consolidated Financial Statements. The 2013 period also included higher sales and marketing expense, an increase in health-care benefit expense and increased investment in security and risk management.

Operating Income

Operating income totaled $1,270.6 million, $1,062.9 million and $1,076.3 million for 2014, 2013 and 2012, respectively. Operating income as a percentage of revenue (“operating margin”) was 19.8%, 17.5% and 18.6% for 2014, 2013 and 2012, respectively. The annual changes in operating income and operating margin resulted from the revenue and cost variances addressed above.

Total Other Income (Expense)

Total other income (expense) was $(217.2) million, $(239.4) million and $(248.0) million for 2014, 2013 and 2012, respectively. Interest expense is a large component of total other income (expense), net. Interest expense totaled $172.8 million, $198.6 million and $231.3 million for 2014, 2013 and 2012, respectively. The decrease of $25.8 million in interest expense in 2014 as compared to 2013 is primarily due to lower borrowing rates as the result of the debt refinancing activity undertaken during 2014 and 2013. Other income (expense) net for 2014 includes a loss of $16.2 on a foreign currency forward contract associated with the Euro-based purchase price for our Clear2Pay acquisition, the write-off of certain previously capitalized debt issuance costs of $7.0 million and the payment of a $29.5 million bond premium associated with the early redemption of certain debt. The decrease of $32.7 million in interest expense in 2013 as compared to 2012 resulted from lower borrowing rates as the result of debt refinancing. In addition to interest expense, the 2013 period also includes: (a) charges of $(16.1) million for the write-off of certain previously capitalized debt issuance costs and transaction expenses related to refinancing activities; (b) a net charge of $(45.3) million representing the $51.6 million premium incurred for the early redemption of certain debt offset by the premium reflected in the carrying value of that debt; and (c) a $9.2 million gain resulting from the purchase of the remaining shares of mFoundry, representing the difference between the fair value and carrying value of the minority-interest investment previously held.

Provision for Income Taxes

Income tax expense from continuing operations totaled $335.1 million, $308.9 million and $270.1 million for 2014, 2013 and 2012, respectively. This resulted in an effective tax rate on continuing operations of 31.8%, 37.5% and 32.6% for 2014, 2013 and 2012, respectively. During 2014, we realized tax benefits related to certain acquired net operating loss carryovers. This and certain favorable audit resolutions in 2014 contributed to the rate differential for the 2014 period. In 2013, Capco acquisition related contingent consideration that was recorded in 2013 was not deductible for tax purposes and, therefore, had an unfavorable impact on the 2013 effective tax rate, which otherwise would have been comparable to 2012.

8

Earnings (Loss) from Discontinued Operations

During 2014, 2013 and 2012, certain operations are classified as discontinued, as discussed in Note 3 of the Notes to Consolidated Financial Statements. Reporting for discontinued operations classifies revenues and expenses as one line item, net of tax, in the Consolidated Statements of Earnings. The table below outlines the components of discontinued operations for 2014, 2013 and 2012, net of tax (in millions):

Earnings (loss), net of tax	2014			2013			2012
eCas business line	$	(5.1	)	$	1.2		$	2.1
ClearPar	—			16.7			—
Healthcare Benefit Solutions Business	—			0.1			(47.8		)
Participacoes operations	(6.3		)	(14.9		)	(31.4		)
Total discontinued operations	$	(11.4	)	$	3.1		$	(77.1	)

During the second quarter of 2014, the Company committed to a plan to sell our business operation that provides eCas core banking software solutions to small financial institutions in China because it did not align with our strategic plans. This line of business was previously included in the ISG segment.

On January 1, 2010, FIS sold certain assets and liabilities constituting our ClearPar automated syndicated loan trade settlement business. Terms of the sale included an initial cash payment of $71.5 million at closing, with the potential for an additional contingent earn-out payment calculated as a function of the business' 2012 operating results. In May 2013, we recorded in discontinued operations a gain of $26.8 million ($16.7 million, net of tax) upon final determination and receipt of the earn-out payment.

Participacoes, our former item processing and remittance services business in Brazil, had no revenue in 2014, 2013 and 2012. Participacoes had expenses of $10.1 million, $23.1 million and $47.5 million for 2014, 2013 and 2012, respectively. Participacoes' processing volume was transitioned to other vendors or back to its clients during the second quarter of 2011. As a result of the dismissal of employees related to the shut-down activities completed in 2011, the 2014, 2013 and 2012 periods included charges of $5.1 million, $15.7 million and $39.1 million, respectively, to settle claims or increase our provision for potential labor claims. The shut-down activities involved the transfer and termination of approximately 2,600 employees. As of December 31, 2014, there are approximately 790 active labor claims. Former employees generally had up to two years from the date of termination to file labor claims. Consequently, we have continued exposure on these active claims, which were not transferred with other assets and liabilities in the disposal. Any changes in the estimated liability related to these labor claims will be recorded as discontinued operations.

In 2004, Proservvi Empreendimentos e Servicios, Ltda., the predecessor to Fidelity National Servicos de Tratamento de Documentos e Informatica Ltda. (“Servicos”), a subsidiary of Participacoes, 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 that Prosegur and Servicos were successors in interest to Transpev.

To date, the Brazilian tax authorities filed four claims against Servicos asserting potential tax liabilities of approximately $8.0 million. There are potentially 26 additional claims against 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 $60.0 million making the total potential exposure for all 30 claims approximately $68.0 million. While a liability for these 30 total claims is possible, we do not believe it is probable or reasonably estimable and therefore have not accrued for any of these claims.

Net (Earnings) Loss Attributable to Noncontrolling Interest

Net (earnings) loss attributable to noncontrolling interest predominantly relates to the joint venture in Brazil (see Note 5 of Notes to Consolidated Financial Statements) and totaled $(27.8) million, $(24.6) million and $(19.9) million for 2014, 2013 and 2012, respectively.

9

Earnings from Continuing Operations, Net of Tax, Attributable to FIS Common Stockholders

Earnings from continuing operations, net of tax, attributable to FIS common stockholders totaled $690.5 million, $490.0 million and $538.3 million for 2014, 2013 and 2012, respectively, or $2.39, $1.67 and $1.81 per diluted share, respectively, due to the factors described above coupled with the impact of our share repurchase initiatives.

Segment Results of Operations

Integrated Financial Solutions

	2014			2013			2012
	(In millions)
Processing and services revenues	$	3,858.8		$	3,712.0		$	3,554.0
Operating income	$	1,314.8		$	1,287.6		$	1,212.0
Operating margin	34.1		%	34.7		%	34.1		%

Revenues for IFS totaled $3,858.8 million, $3,712.0 million and $3,554.0 million for 2014, 2013 and 2012, respectively. The overall segment increase of $146.8 million, or 4.0%, for 2014 as compared to 2013 was primarily attributable to incremental revenues from our 2014 acquisition of Reliance, which is addressed in Note 6 to the Consolidated Financial Statements, and growth in (1) professional services, particularly in risk and compliance and community core banking, (2) mobile and e-banking solutions, (3) image and output solutions and (4) network solutions and debit processing transactions. Revenue growth was partially offset by lower termination fees. The overall segment increase of $158.0 million, or 4.4%, for 2013 as compared to 2012 was attributable to incremental revenues from 2013 and 2012 acquisitions of $47.0 million, growth in image and output solutions, higher termination fees, and growth in mobile and Internet banking solutions, outsourced services, card loyalty programs, network solutions and bill payment services. The overall growth was partially offset by client losses.

Operating income for IFS totaled $1,314.8 million, $1,287.6 million and $1,212.0 million for 2014, 2013 and 2012, respectively. Operating margin was 34.1%, 34.7% and 34.1% for 2014, 2013 and 2012, respectively. The increase in operating income during 2014 as compared to 2013 primarily resulted from the revenue variances discussed above. The decrease in operating margin during 2014 as compared to 2013 resulted primarily because 2013 benefited from higher termination fees. The increase in operating income during 2013 as compared to 2012 primarily resulted from the revenue variances discussed above. The increase in operating margin during 2013 as compared to 2012 was driven primarily by higher termination fees, license fees and operating leverage on revenue growth.

Global Financial Solutions

	2014			2013			2012
	(In millions)
Processing and services revenues	$	2,557.3		$	2,353.9		$	2,241.6
Operating income	$	386.9		$	350.0		$	317.2
Operating margin	15.1		%	14.9		%	14.2		%

Revenues for GFS totaled $2,557.3 million, $2,353.9 million and $2,241.6 million for 2014, 2013 and 2012, respectively. The 2014 period included approximately $36.0 million of unfavorable foreign currency impact resulting from a stronger U.S. Dollar. Excluding the unfavorable foreign currency impact, revenues for 2014 increased primarily from growth in implementation and consulting services, continued growth in EMEA and Asia and incremental revenues from our 2014 and 2013 acquisitions. The 2013 period included approximately $49.0 million of unfavorable foreign currency impact compared to 2012 resulting from a stronger U.S. Dollar. Excluding the unfavorable foreign currency impact, revenues for 2013 increased primarily from higher card transaction volumes in Brazil, growth within our consulting businesses, continued growth in Asia, Latin America and Europe as a result of the addition of new, large-scale outsourcing arrangements and continued growth in the India ATM management business, partially offset by lower termination fees.

Operating income for GFS totaled $386.9 million, $350.0 million and $317.2 million for 2014, 2013 and 2012, respectively. Operating margin was 15.1%, 14.9% and 14.2% for 2014, 2013 and 2012, respectively. The increase in operating income during 2014 as compared to 2013 primarily resulted from the revenue variances discussed above. The increase in

10

operating margin for 2014 as compared to 2013 primarily results from the 2013 charges discussed below, partially offset by a change in revenue mix. The 2013 period included $22.0 million of the charge to increase the Capco acquisition related liabilities discussed in Note 6 of the Notes to Consolidated Financial Statements. The 2013 period also included $9.1 million for severance and other charges related to cost management initiatives in certain international markets. Excluding the aforementioned charges, operating income for 2013 increased primarily from the revenue growth noted above and the operating margin benefited from increased scale and improved operating efficiencies across a number of major geographies.

Corporate and Other

The Corporate and Other segment results consist of selling, general and administrative expenses and depreciation and intangible asset amortization not otherwise allocated to the reportable segments. Corporate and Other expenses were $431.1 million, $574.7 million and $452.9 million in 2014, 2013 and 2012, respectively. The overall Corporate and Other decrease of $143.6 million for 2014 as compared to 2013 was primarily due to the 2013 charges discussed below and our continued commitment to productivity improvements and cost management. The overall Corporate and Other increase of $121.8 million for 2013 as compared to 2012 was primarily due to charges of $129.1 million for the Capco contingent consideration adjustments in 2013 described in Note 6 of the Notes to Consolidated Financial Statements.

Liquidity and Capital Resources

Cash Requirements

Our ongoing cash requirements include operating expenses, income taxes, mandatory debt service payments, capital expenditures, stockholder dividends, working capital and timing differences in settlement-related assets and liabilities, and may include discretionary debt service, share repurchases and business acquisitions. Our cash requirements also include payments for Capco's contingent consideration earn-out and for labor claims related to FIS' former item processing and remittance operations in Brazil (see Notes 6 and 3, respectively, in the Notes to Consolidated Financial Statements). Our principal sources of funds are cash generated by operations and borrowings, including the capacity under our Revolving Loan described in Note 13 in the Notes to Consolidated Financial Statements.

As of December 31, 2014, we had cash and cash equivalents of $492.8 million and debt of $5,067.7 million, including the current portion. Of the $492.8 million cash and cash equivalents, approximately $310.5 million is held by our foreign entities and would generally be subject to U.S. income taxation upon repatriation to the U.S. The majority of our domestic cash and cash equivalents represents net deposits-in-transit at the balance sheet dates and relates to daily settlement activity. We expect that cash and cash equivalents plus cash flows from operations over the next twelve months will be sufficient to fund our operating cash requirements, capital expenditures and mandatory debt service.

We currently expect to continue to pay quarterly dividends, which we have increased over recent years. On January 30, 2015, the Board of Directors approved an additional 8% increase to $0.26 per share per quarter beginning with the first quarter of 2015. However, the amount, declaration and payment of future dividends is at the discretion of the Board of Directors and depends on, among other things, our investment opportunities, results of operations, financial condition, cash requirements, future prospects, and other factors that may be considered relevant by our Board of Directors, including legal and contractual restrictions. Additionally, the payment of cash dividends may be limited by covenants in certain debt agreements. A regular quarterly dividend of $0.26 per common share is payable on March 31, 2015 to shareholders of record as of the close of business on March 17, 2015.

Cash Flows from Operations

Cash flows from operations were $1,164.9 million, $1,060.3 million and $1,046.7 million in 2014, 2013 and 2012 respectively. Cash flows from operations increased $104.6 million in 2014 and $13.6 million in 2013. The 2014 increase in cash flows from operations is primarily due to higher net earnings, partially offset by changes in working capital. The 2013 increase in cash flows from operations is primarily due to higher net earnings, the timing of merchant and card transaction settlement activity and other changes in working capital, partially offset by a $51.6 million bond premium payment resulting from the early pay down of our 2017 senior notes in the first half of 2013 and by the $42.0 million payment associated with the Capco acquisition liabilities.

Capital Expenditures and Other Investing Activities

11

Our principal capital expenditures are for computer software (purchased and internally developed) and additions to property and equipment. We invested approximately $371.2 million, $336.2 million and $296.1 million in capital expenditures during 2014, 2013 and 2012, respectively. We expect to invest approximately 5.5-6% of 2015 revenue in capital expenditures.

We used $595.2 million, $150.5 million and $63.6 million of cash during 2014, 2013 and 2012, respectively, for acquisitions and other equity investments. See Note 6 of the Notes to Consolidated Financial Statements for a discussion of the more significant items. Cash provided by net proceeds from sale of assets in 2012 relates principally to the sale of the Healthcare Benefit Solutions Business discussed in Note 3.

Financing

For information regarding the Company's long-term debt and financing activity, see Note 13 in the Notes to Consolidated Financial Statements.

Contractual Obligations

FIS’ long-term contractual obligations generally include its long-term debt, interest on long-term debt, lease payments on certain of its property and equipment and payments for data processing and maintenance. For information regarding the Company's long-term debt, see Note 13 in the Notes to Consolidated Financial Statements. The following table summarizes FIS’ significant contractual obligations and commitments as of December 31, 2014 (in millions):

			Payments Due in
			Less than		1-3		3-5		More than
Type of Obligations	Total		1 Year		Years		Years		5 Years
Long-term debt	$	5,067.7	$	13.1	$	1,619.5	$	1,044.4	$	2,390.7
Interest (1)	970.0		144.7		267.4		225.8		332.1
Operating leases	266.6		62.3		101.9		58.1		44.3
Data processing and maintenance	533.7		151.4		255.3		73.6		53.4
Other contractual obligations (2)	163.8		62.5		73.8		14.1		13.4
Total	$	7,001.8	$	434.0	$	2,317.9	$	1,416.0	$	2,833.9

(1) These calculations assume that: (a) applicable margins remain constant; (b) all variable rate debt is priced at the one-month LIBOR rate in effect as of December 31, 2014; (c) no new hedging transactions are effected; (d) only mandatory debt repayments are made; and (e) no refinancing occurs at debt maturity.

(2) Amount includes the estimated payment for labor claims related to FIS' former item processing and remittance operations in Brazil (see Note 3 to the Consolidated Financial Statements), amounts due to the Brazilian venture partner and Capco contingent consideration payments (see Note 6 to the Consolidated Financial Statements).

FIS believes that its existing cash balances, cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet FIS’ expected liquidity needs for the operations of its business and expected capital spending for the next 12 months.

Off-Balance Sheet Arrangements

FIS does not have any off-balance sheet arrangements.

Recent Accounting Pronouncements

Recent Accounting Guidance Not Yet Adopted

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU

2014-09”). ASU 2014-09 amends substantially all authoritative literature for revenue recognition, including industry-specific

requirements, and converges the guidance under this topic with that of the International Financial Reporting Standards. The

ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed

12

to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and

uncertainty of revenues and cash flows from contracts with customers. Other provisions include ensuring the time value of

money is considered in the transaction price and allowing estimates of variable consideration to be recognized before

contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning

after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either with retrospective

application to the earlier years presented in their financial statements or with a cumulative-effect adjustment as of the date of

adoption. We are currently assessing the impact the adoption of ASU 2014-09 will have on our financial position and results of

operations.

13

EX-99.3

Exhibit 99.3

PART II

Item 8. Financial Statements and Supplementary Data

Note: The information contained in this item has been updated to reflect FIS’ change in organizational structure as part of its reorganization and streamlining of global operations in response to market conditions and to meet the demand of specific client needs more efficiently. The resulting changes are as follows:

• Note 1 - Basis of Presentation: The description of reportable segments has been updated to disclose the new reporting structure.

• Note 2 - Summary of Significant Accounting Policies, item (g) Goodwill: This disclosure was updated to note that in conjunction with the organizational changes, we reallocated goodwill to the new reportable segments based on relative fair values as of January 1, 2015 and performed a step one quantitative analysis for impairment. We concluded that there were no indications of impairment for any of our reporting units based on this analysis.

• Note 8 - Goodwill: The goodwill balances have been reallocated to reflect the change in organizational structure for all periods presented. We also updated the disclosure to note that we performed a step one quantitative analysis of goodwill in conjunction with the organizational changes. No goodwill impairments resulted from this new business segment structure.

• Note 18 - Segment Information: Data by segment has been recast to reflect the change in organizational structure for all periods presented.

The information included herein does not amend or restate revenues, operating income or net earnings or otherwise modify or update the disclosures included in our 2014 Annual Report on Form 10-K (“2014 Annual Report”). For developments that have occurred subsequent to the filing of the 2014 Annual Report, refer to FIS’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, and other filings by the Company with the Securities and Exchange Commission.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

INDEX TO FINANCIAL INFORMATION

	Page Number
Report of Independent Registered Public Accounting Firm on the Consolidated Financial Statements	2
Consolidated Balance Sheets as of December 31, 2014 and 2013	3
Consolidated Statements of Earnings for the years ended December 31, 2014, 2013 and 2012	4
Consolidated Statements of Comprehensive Earnings for the years ended December 31, 2014, 2013 and 2012	5
Consolidated Statements of Equity for the years ended December 31, 2014, 2013 and 2012	6
Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013 and 2012	7
Notes to Consolidated Financial Statements	8

1

Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholders

Fidelity National Information Services, Inc.:

We have audited the accompanying consolidated balance sheets of Fidelity National Information Services, Inc. and subsidiaries (the Company) as of December 31, 2014 and 2013, and the related consolidated statements of earnings, comprehensive earnings, equity, and cash flows for each of the years in the three‑year period ended December 31, 2014. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Fidelity National Information Services, Inc. and subsidiaries as of December 31, 2014 and 2013, and the results of their operations and their cash flows for each of the years in the three‑year period ended December 31, 2014, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Fidelity National Information Services, Inc.’s and subsidiaries’ internal control over financial reporting as of December 31, 2014, based on criteria established in Internal Control - Integrated Framework(2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report (not presented herein) dated February 27, 2015, expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.

/s/  KPMG LLP

February 27, 2015, except as it relates to the recasting of segment data and related information in Notes 1, 2, 8, and 18, as to which the date is May 8, 2015

Jacksonville, Florida

Certified Public Accountants

2

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

Consolidated Balance Sheets

December 31, 2014 and 2013

(In millions, except per share amounts)

	2014			2013
ASSETS
Current assets:
Cash and cash equivalents	$	492.8		$	547.5
Settlement deposits	393.9			327.4
Trade receivables, net	1,126.4			987.9
Settlement receivables	153.7			178.2
Other receivables	31.5			62.1
Due from Brazilian venture partner	33.6			35.8
Prepaid expenses and other current assets	167.0			154.1
Deferred income taxes	67.4			58.9
Assets held for sale	6.8			—
Total current assets	2,473.1			2,351.9
Property and equipment, net	483.3			439.0
Goodwill	8,877.6			8,500.0
Intangible assets, net	1,268.0			1,339.3
Computer software, net	893.4			856.5
Deferred contract costs	213.2			206.8
Other noncurrent assets	311.9			266.6
Total assets	$	14,520.5		$	13,960.1
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	730.3		$	768.0
Settlement payables	558.4			518.6
Deferred revenues	279.4			243.6
Current portion of long-term debt	13.1			128.8
Due to Brazilian venture partner	13.3			13.7
Liabilities held for sale	4.4			—
Total current liabilities	1,598.9			1,672.7
Long-term debt, excluding current portion	5,054.6			4,339.8
Deferred income taxes	874.4			823.6
Due to Brazilian venture partner	29.6			34.5
Deferred revenues	26.1			27.2
Other long-term liabilities	245.4			325.0
Total liabilities	7,829.0			7,222.8
Equity:
FIS stockholders’ equity:
Preferred stock, $0.01 par value, 200 shares authorized, none issued and outstanding as of December 31, 2014 and 2013	—			—
Common stock, $0.01 par value, 600 shares authorized, 387.6 and 387.0 shares issued as of December 31, 2014 and 2013, respectively	3.9			3.9
Additional paid in capital	7,336.8			7,247.6
Retained earnings	2,746.8			2,341.9
Accumulated other comprehensive earnings	(107.2		)	(9.9		)
Treasury stock, $0.01 par value, 102.7 and 96.4 shares as of December 31, 2014 and 2013, respectively, at cost	(3,423.6		)	(3,003.0		)
Total FIS stockholders’ equity	6,556.7			6,580.5
Noncontrolling interest	134.8			156.8
Total equity	6,691.5			6,737.3
Total liabilities and equity	$	14,520.5		$	13,960.1

The accompanying notes are an integral part of these consolidated financial statements.

3

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

Consolidated Statements of Earnings

Years Ended December 31, 2014, 2013 and 2012

(In millions, except per share amounts)

	2014			2013			2012
Processing and services revenues (for related party activity, see note 5)	$	6,413.8		$	6,063.4		$	5,795.8
Cost of revenues (for related party activity, see note 5)	4,332.7			4,092.7			3,956.2
Gross profit	2,081.1			1,970.7			1,839.6
Selling, general, and administrative expenses (for related party activity, see note 5)	810.5			907.8			763.3
Operating income	1,270.6			1,062.9			1,076.3
Other income (expense):
Interest income	15.3			10.4			8.6
Interest expense	(172.8		)	(198.6		)	(231.3		)
Other income (expense), net	(59.7		)	(51.2		)	(25.3		)
Total other income (expense)	(217.2		)	(239.4		)	(248.0		)
Earnings from continuing operations before income taxes	1,053.4			823.5			828.3
Provision for income taxes	335.1			308.9			270.1
Earnings from continuing operations, net of tax	718.3			514.6			558.2
Earnings (loss) from discontinued operations, net of tax	(11.4		)	3.1			(77.1		)
Net earnings	706.9			517.7			481.1
Net earnings attributable to noncontrolling interest	(27.8		)	(24.6		)	(19.9		)
Net earnings attributable to FIS common stockholders	$	679.1		$	493.1		$	461.2
Net earnings per share — basic from continuing operations attributable to FIS common stockholders	$	2.42		$	1.69		$	1.84
Net earnings (loss) per share — basic from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01			(0.26		)
Net earnings per share — basic attributable to FIS common stockholders *	$	2.38		$	1.70		$	1.58
Weighted average shares outstanding — basic	284.8			289.7			291.8
Net earnings per share — diluted from continuing operations attributable to FIS common stockholders	$	2.39		$	1.67		$	1.81
Net earnings (loss) per share — diluted from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01			(0.26		)
Net earnings per share — diluted attributable to FIS common stockholders *	$	2.35		$	1.68		$	1.55
Weighted average shares outstanding — diluted	288.7			294.2			297.5
Amounts attributable to FIS common stockholders:
Earnings from continuing operations, net of tax	$	690.5		$	490.0		$	538.3
Earnings (loss) from discontinued operations, net of tax	(11.4		)	3.1			(77.1		)
Net earnings attributable to FIS common stockholders	$	679.1		$	493.1		$	461.2

* Amounts may not sum due to rounding.

The accompanying notes are an integral part of these consolidated financial statements.

4

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

Consolidated Statements of Comprehensive Earnings

Years Ended December 31, 2014, 2013 and 2012

(In millions)

	Years ended December 31,
	2014						2013						2012
Net earnings				$	706.9					$	517.7					$	481.1
Other comprehensive earnings, before tax:
Unrealized gain (loss) on investments and derivatives	$	(3.6	)				$	2.8					$	(2.6	)
Reclassification adjustment for gains (losses) included in net earnings	6.3						(1.5		)				4.2
Unrealized gain (loss) on investments and derivatives, net	2.7						1.3						1.6
Foreign currency translation adjustments	(107.8		)				(62.2		)				(15.2		)
Minimum pension liability adjustments	(9.9		)				(1.6		)				(5.1		)
Other comprehensive earnings (loss), before tax	(115.0		)				(62.5		)				(18.7		)
Provision for income tax expense (benefit) related to items of other comprehensive earnings	(6.7		)				(5.5		)				(1.7		)
Other comprehensive earnings (loss), net of tax	$	(108.3	)	(108.3		)	$	(57.0	)	(57.0		)	$	(17.0	)	(17.0		)
Comprehensive earnings				598.6						460.7						464.1
Net (earnings) loss attributable to noncontrolling interest				(27.8		)				(24.6		)				(19.9		)
Other comprehensive (earnings) losses attributable to noncontrolling interest				11.0						17.1						10.7
Comprehensive earnings attributable to FIS common stockholders				$	581.8					$	453.2					$	454.9

The accompanying notes are an integral part of these consolidated financial statements.

5

FIDELITY NATIONAL INFORMATION SERVICES, INC. AND SUBSIDIARIES Consolidated Statements of Equity Years ended December 31, 2014, 2013 and 2012 (In millions, except per share amounts)
				Amount
				FIS Stockholders
												Accumulated
	Number of shares					Additional						other
	Common	Treasury		Common		paid in			Retained			comprehensive			Treasury			Noncontrolling			Total
	shares	shares		stock		capital			earnings			earnings			stock			interest			equity
Balances, December 31, 2011	384.6	(91.7	)	$	3.8	$	7,224.7		$	1,880.4		$	36.3		$	(2,642.2	)	$	148.2		$	6,651.2
Issuance of restricted stock	1.3	—		—		—			—			—			—			—			—
Exercise of stock options and stock purchase rights	—	16.2		—		(142.1		)	—			—			475.7			—			333.6
Treasury shares held for taxes due upon exercise of stock options	—	(2.3	)	—		—			—			—			(77.8		)	—			(77.8		)
Excess income tax benefit from exercise of stock options	—	—		—		30.6			—			—			—			—			30.6
Stock-based compensation	—	—		—		83.8			—			—			—			—			83.8
Cash dividends declared ($0.80 per share) and other distributions	—	—		—		—			(235.8		)	—			—			(4.7		)	(240.5		)
Purchases of treasury stock	—	(14.0	)	—		—			—			—			(451.4		)	—			(451.4		)
Net earnings	—	—		—		—			461.2			—			—			19.9			481.1
Other comprehensive earnings, net of tax	—	—		—		—			—			(6.3		)	—			(10.7		)	(17.0		)
Balances, December 31, 2012	385.9	(91.8	)	$	3.8	$	7,197.0		$	2,105.8		$	30.0		$	(2,695.7	)	$	152.7		$	6,793.6
Issuance of restricted stock	1.0	—		—		—			—			—			—			—			—
Exercise of stock options and stock purchase rights	—	6.4		—		(52.7		)	—			—			187.2			—			134.5
Treasury shares held for taxes due upon exercise of stock options	—	(0.3	)	—		—			—			—			(18.6		)	—			(18.6		)
Excess income tax benefit from exercise of stock options	—	—		—		40.4			—			—			—			—			40.4
Stock-based compensation	—	—		—		53.4			—			—			—			—			53.4
Cash dividends declared ($0.88 per share) and other distributions	—	—		—		—			(257.0		)	—			—			(3.4		)	(260.4		)
Other	0.1	—		0.1		9.5			—			—			—			—			9.6
Purchases of treasury stock	—	(10.7	)	—		—			—			—			(475.9		)	—			(475.9		)
Net earnings	—	—		—		—			493.1			—			—			24.6			517.7
Other comprehensive earnings, net of tax	—	—		—		—			—			(39.9		)	—			(17.1		)	(57.0		)
Balances, December 31, 2013	387.0	(96.4	)	$	3.9	$	7,247.6		$	2,341.9		$	(9.9	)	$	(3,003.0	)	$	156.8		$	6,737.3
Issuance of restricted stock	0.6	—		—		—			—			—			—			—			—
Exercise of stock options and stock purchase right	—	2.8		—		(17.0		)	—			—			77.7			—			60.7
Treasury shares held for taxes due upon exercise of stock options	—	(0.4	)	—		—			—			—			(27.7		)	—			(27.7		)
Excess income tax benefit from exercise of stock options	—	—		—		39.5			—			—			—			—			39.5
Stock-based compensation	—	—		—		55.7			—			—			—			—			55.7
Cash dividends paid ($0.96 per share) and other distributions	—	—		—		—			(274.2		)	—			—			(38.8		)	(313.0		)
Other	—	—		—		11.0			—			—			4.9			—			15.9
Purchases of treasury stock	—	(8.7	)	—		—			—			—			(475.5		)	—			(475.5		)
Net earnings	—	—		—		—			679.1			—			—			27.8			706.9
Other comprehensive earnings, net of tax	—	—		—		—			—			(97.3		)	—			(11.0		)	(108.3		)
Balances, December 31, 2014	387.6	(102.7	)	$	3.9	$	7,336.8		$	2,746.8		$	(107.2	)	$	(3,423.6	)	$	134.8		$	6,691.5

The accompanying notes are an integral part of these consolidated financial statements.

6

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

Consolidated Statements of Cash Flows

Years ended December 31, 2014, 2013 and 2012

(In millions)

	2014			2013			2012
Cash flows from operating activities:
Net earnings	$	706.9		$	517.7		$	481.1
Adjustment to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	626.3			614.6			632.8
Amortization of debt issue costs	19.7			19.9			29.4
Gain on sale of assets	—			(31.6		)	(23.5		)
Gain on mFoundry acquisition	—			(9.2		)	—
Stock-based compensation	55.7			53.4			83.8
Deferred income taxes	(5.5		)	1.5			(40.9		)
Excess income tax benefit from exercise of stock options	(39.5		)	(40.4		)	(30.6		)
Other operating activities, net	20.9			—			—
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade receivables	(115.2		)	(56.1		)	(68.0		)
Settlement activity	(6.3		)	(1.7		)	(16.8		)
Prepaid expenses and other assets	(34.2		)	(41.5		)	(9.0		)
Deferred contract costs	(86.6		)	(67.1		)	(60.0		)
Deferred revenue	32.5			(60.7		)	(11.1		)
Accounts payable, accrued liabilities, and other liabilities	(9.8		)	161.5			79.5
Net cash provided by operating activities	1,164.9			1,060.3			1,046.7
Cash flows from investing activities:
Additions to property and equipment	(148.5		)	(131.7		)	(123.7		)
Additions to computer software	(222.7		)	(204.5		)	(172.4		)
Acquisitions, net of cash acquired	(595.2		)	(150.5		)	(63.6		)
Net proceeds from sale of assets	—			26.8			339.5
Other investing activities, net	(18.2		)	(4.8		)	(3.0		)
Net cash used in investing activities	(984.6		)	(464.7		)	(23.2		)
Cash flows from financing activities:
Borrowings	7,936.1			10,494.4			11,160.3
Repayment of borrowings and capital lease obligations	(7,364.2		)	(10,421.8		)	(11,587.4		)
Debt issuance costs	(13.8		)	(18.7		)	(48.3		)
Excess income tax benefit from exercise of stock options	39.5			40.4			30.6
Proceeds from exercise of stock options	61.1			143.0			276.6
Treasury stock activity	(521.9		)	(475.9		)	(511.3		)
Dividends paid	(275.1		)	(256.3		)	(234.8		)
Distributions to Brazilian Venture partner	(34.8		)	—			—
Other financing activities, net	(25.0		)	(51.1		)	(6.5		)
Net cash used in financing activities	(198.1		)	(546.0		)	(920.8		)
Effect of foreign currency exchange rate changes on cash	(36.9		)	(19.7		)	(0.6		)
Net increase (decrease) in cash and cash equivalents	(54.7		)	29.9			102.1
Cash and cash equivalents, beginning of year	547.5			517.6			415.5
Cash and cash equivalents, end of year	$	492.8		$	547.5		$	517.6
Supplemental cash flow information:
Cash paid for interest	$	168.7		$	193.5		$	200.1
Cash paid for income taxes	$	291.8		$	320.3		$	316.3

The accompanying notes are an integral part of these consolidated financial statements.

7

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Unless stated otherwise or the context otherwise requires, all references to “FIS,” “we,” the “Company” or the “registrant” are to Fidelity National Information Services, Inc., a Georgia corporation, and its subsidiaries.

(1)    Basis of Presentation

FIS is a leading global service provider dedicated to banking and payments technologies, outsourcing and related services. We offer financial institution core processing and ancillary services, card issuer and transaction processing services and strategic consulting services globally.

In March 2015, FIS finalized a reorganization and is streamlining its global operations in response to market conditions and to meet the demand of specific client needs more efficiently. As a result of these changes, information that the Company’s chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance has changed. Therefore, beginning in the first quarter of 2015, the Company will report its financial performance based on our new segments: Integrated Financial Solutions (“IFS”), Global Financial Solutions (“GFS”) and Corporate and Other (Note 18). The segment disclosure contained in these financial statements has been recast for all periods presented according to this new reporting structure.

(2)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

The Consolidated Financial Statements include the accounts of FIS, its wholly-owned subsidiaries and subsidiaries that are majority-owned. All significant intercompany profits, transactions and balances have been eliminated in consolidation.

(b)Cash and Cash Equivalents

The Company considers all 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 payment processing business, the Company provides cash settlement services to financial institutions and state and local governments. These services involve the movement of funds between the various parties associated with automated teller machines ("ATM"), point-of-sale or electronic benefit transactions ("EBT") and 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 in-transit balances due to the Company are included in cash and cash equivalents. The carrying amounts reported in the Consolidated Balance Sheets for these instruments approximate their fair value. As of December 31, 2014, we had cash and cash equivalents of $492.8 million of which approximately $310.5 million is held by our foreign entities.

(c)Fair Value Measurements

Fair Value of Financial Instruments

The carrying amounts reported in the Consolidated Balance Sheets for receivables and accounts payable approximate their fair values because of their immediate or short-term maturities. The fair value of the Company’s long-term debt is estimated to be approximately $63.8 million and $1.5 million higher than the carrying value as of December 31, 2014 and 2013, respectively. These estimates are based on values of trades of our debt in close proximity to year end, which are considered Level 2-type measurements, as discussed below. 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. The Company holds, or has held, certain derivative instruments, specifically interest rate swaps and foreign exchange forward contracts. Derivative instruments are valued using Level 2-type measurements.

Fair Value Hierarchy

8

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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:

•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 Measurements

Generally accepted accounting principles require that, subsequent to their initial recognition, certain assets be reviewed for impairment on a nonrecurring basis by comparison to their fair value. As more fully discussed in their respective subheadings below, this includes goodwill, long-lived assets, intangible assets, computer software and investments. There were no significant fair value measurement impairments for 2014, 2013 or 2012.

Contingent consideration liabilities recorded in connection with business acquisitions must also be adjusted for changes in fair value until settled. See Note 6 for discussion of The Capital Markets Company BVBA ("Capco") contingent consideration liability.

(d)Derivative Financial Instruments

The Company accounts for derivative financial instruments in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 815, Derivatives and Hedging. During 2014, 2013 and 2012, the Company engaged in hedging activities relating to its variable rate debt through the use of interest rate swaps. The Company designates these interest rate swaps as cash flow hedges. The estimated fair values of the cash flow hedges are recorded as an asset or liability of the Company and are included in the accompanying Consolidated Balance Sheets in prepaid expenses and other current assets, other non-current assets, accounts payable and accrued liabilities or other long-term liabilities, as appropriate, and as a component of accumulated other comprehensive earnings, net of deferred taxes. A portion of the amount included in accumulated other comprehensive earnings is recorded in interest expense as a yield adjustment as interest payments are made on the Company’s term and revolving loans (Note 13). The Company’s existing cash flow hedges are highly effective and there was no impact on 2014 earnings due to hedge ineffectiveness. It is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes. As of December 31, 2014, we believe that our interest rate swap counterparties will be able to fulfill their obligations under our agreements.

9

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The Company's foreign exchange risk management policy permits the use of derivative instruments, such as forward contracts and options, to reduce volatility in the Company's results of operations and/or cash flows resulting from foreign exchange rate fluctuations. During 2014 and 2013, the Company entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans. As of December 31, 2014 and 2013, the notional amount of these derivatives was approximately $85.4 million and $57.3 million, respectively, and the fair value was nominal. These derivatives have not been designated as hedges for accounting purposes.

(e)Trade Receivables

A summary of trade receivables, net, as of December 31, 2014 and 2013 is as follows (in millions):

	2014			2013
Trade receivables — billed	$	983.7		$	885.7
Trade receivables — unbilled	158.3			118.4
Total trade receivables	1,142.0			1,004.1
Allowance for doubtful accounts	(15.6		)	(16.2		)
Total trade receivables, net	$	1,126.4		$	987.9

Approximately $37.2 million of unbilled receivables as of December 31, 2014 relates to services provided under ongoing long-term contracts that was not yet billable pursuant to the terms of those agreements but will be invoiced in 2015. We expect to generate additional unbilled receivables of $41.6 million for these contracts for services performed in 2015.

When evaluating the adequacy of the allowance for doubtful accounts, the Company considers historical bad debts, customer creditworthiness, current economic trends, changes in customer payment terms and collection trends. Any change in the assumptions used may result in an additional allowance for doubtful accounts being recognized in the period in which the change occurs.

A summary roll forward of the allowance for doubtful accounts, for 2014, 2013 and 2012 is as follows (in millions):

Allowance for doubtful accounts as of December 31, 2011	$	(33.1	)
Bad debt expense	(5.4		)
Write-offs, net of recoveries	18.6
Allowance for doubtful accounts as of December 31, 2012	(19.9		)
Bad debt expense	(3.2		)
Write-offs, net of recoveries	6.9
Allowance for doubtful accounts as of December 31, 2013	(16.2		)
Bad debt expense	(8.5		)
Write-offs, net of recoveries	9.1
Allowance for doubtful accounts as of December 31, 2014	$	(15.6	)

Enhanced collection management has resulted in decreases in the allowance in both 2014 and 2013. The decrease in 2012 was also attributable to resolution of a number of specific accounts.

(f)Settlement Deposits, Receivables and Payables

We manage certain integrated electronic payment services 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 and, as of December 31, 2014, included $139.3 million of investments with original maturities of greater than 90 days. These investments are Level 1 and Level 2 type securities in the fair-value hierarchy. Settlement receivables represents amounts funded by us. Settlement payables consist of settlement deposits from clients, settlement payables to third parties 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

10

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

accounting policy for such outstanding checks is to include them in settlement payables on the balance sheet and operating cash flows on the statement of cash flows. The payment solution services that give rise to these settlement balances are separate and distinct from those settlement activities referred to under (b) Cash and Cash Equivalents, where the services we provide primarily facilitate the movement of funds.

(g)Goodwill

Goodwill represents the excess of cost over the fair value of identifiable assets acquired and liabilities assumed in business combinations. FASB ASC Topic 350, Intangibles — Goodwill and Other, requires that goodwill and other intangible assets with indefinite useful lives not be amortized, but rather be tested for impairment annually, or more frequently if circumstances indicate potential impairment. In 2011, the FASB issued Accounting Standards Update No. 2011-08 ("ASU 2011-08"), Testing Goodwill for Impairment. The revised standard allows an entity first to assess qualitatively whether it is more likely than not that a reporting unit's carrying amount exceeds its fair value, referred to in the guidance as "step zero." If an entity concludes that it is more likely than not that a reporting unit's fair value is less than its carrying amount (that is, a likelihood of more than 50 percent), the "step one" quantitative assessment must be performed for that reporting unit. ASU 2011-08 provided examples of events and circumstances that should be considered in performing the "step zero" qualitative assessment, including macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, events affecting a reporting unit or the entity as a whole and a sustained decrease in share price.

The Company assesses goodwill for impairment on an annual basis during the fourth quarter using a September 30th measurement date unless circumstances require a more frequent measurement. For 2014 and 2013, we began our assessment with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our reporting units in the 2012 step one analysis. In performing the step zero qualitative analysis for each of 2014 and 2013, examining those factors most likely to affect our valuations, we concluded that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts. Consequently, we did not perform a step one quantitative analysis in 2014 or 2013. We did, however, subsequently update our procedures for 2014 in conjunction with the change in reportable segments. We reallocated goodwill to the new reportable segments based on relative fair values as of January 1, 2015 and performed a step one quantitative analysis for impairment, using the methodology described in the following paragraph. Based upon the results of this test, there were no indications of impairment for any of our reporting units.

For 2012, primarily for the purpose of validating our valuation assumptions, we elected to proceed directly to the step one quantitative analysis rather than perform the step zero qualitative assessment. In applying the quantitative analysis, we determined the fair value of our reporting units based on a weighted average of multiple valuation techniques, principally a combination of an income approach and a market approach. 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 a reporting unit exceeds the carrying value of the reporting unit’s net assets, goodwill is not impaired and further testing is not required. Based upon the results of this test, there were no indications of impairment for any of our reporting units for 2012.

(h)Long-Lived Assets

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.

(i)Intangible Assets

The Company has intangible assets that consist primarily of customer relationships and trademarks that are recorded in connection with acquisitions at their fair value based on the results of valuation analyses. 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. Intangible assets with finite lives (principally customer relationships and certain trademarks) are reviewed for impairment in accordance with FASB ASC Section 360-10-35, Impairment or Disposal of Long-Lived Assets, while certain

11

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

trademarks determined to have indefinite lives are reviewed for impairment at least annually in accordance with FASB ASC Topic 350. FASB Accounting Standards Update No. 2012-02 ("ASU 2012-02") modified the former requirement to perform an annual quantitative impairment test for indefinite-lived intangible assets. Similar to the ASU 2011-08 guidance for goodwill, it allows an organization to first perform a qualitative assessment of whether it is more likely than not that an asset has been impaired.

For 2014 and 2013, for indefinite lived intangibles we began our assessment with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our indefinite-lived intangible assets in 2012. Based upon the results of this test, there were no indications of impairment, except for one trademark with nominal value in 2013. For 2012, we proceeded directly with a quantitative analysis, using a form of income approach valuation known as the relief-from-royalty method. Our tests did not result in the impairment of any of our intangible assets for 2012.

(j)Computer Software

Computer software includes software acquired in business combinations, purchased software and capitalized software development costs. 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, ranging from five to 10 years.

The capitalization of software development costs is governed by FASB ASC Subtopic 985-20 if the software is to be sold, leased or otherwise marketed, or by FASB ASC Subtopic 350-40 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 include primarily 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 product-by-product basis commencing on the date of general release of the products (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 ranges from three to 10 years, or (2) the ratio of current revenues to total anticipated revenues over its useful life.

(k)Deferred Contract Costs

Costs of sales, including costs incurred for bid and proposal activities, are generally expensed as incurred. However, certain costs incurred upon initiation of a contract, including sales commissions, are deferred and amortized as expense over the contract life. These costs represent incremental external costs or certain specific internal costs that are directly related to the contract acquisition or transition activities.

In the event indications exist that a particular deferred contract cost balance may be impaired, undiscounted estimated cash flows of the contract are projected over its remaining term and compared to the unamortized deferred contract cost balance. If the projected cash flows are not adequate to recover the unamortized cost balance, the balance would be adjusted to equal the contract’s net realizable value, including any termination fees provided for under the contract, in the period such a determination is made.

(l)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: 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.

(m)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

12

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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.

(n)Revenue Recognition

The Company generates revenues from the delivery of bank processing, credit and debit card and wealth management processing services, other payment processing services, professional services, software licensing and software related services. The Company recognizes revenue when: (i) evidence of an arrangement exists; (ii) delivery has occurred; (iii) the fees are fixed or determinable; and (iv) collection is considered probable. Taxes collected from customers and remitted to governmental authorities are not included in revenue. Revenue generated from contracts executed outside of our North American operations represented approximately 22%, 21% and 20% of total revenue in 2014, 2013 and 2012, respectively.

The Company enters into arrangements with customers to provide services, software and software-related services such as post-contract customer support and implementation and training either individually or as part of an integrated offering of multiple services. The revenues for services provided under these multiple element arrangements are recognized in accordance with the applicable revenue recognition accounting principles as further described below.

In multiple-element arrangements, consideration is allocated to each deliverable using the relative selling price method. The selling price for each deliverable is based on vendor-specific objective evidence (“VSOE”) if available, third-party evidence (“TPE”) if VSOE is not available, or estimated selling price (“ESP”) if neither VSOE or TPE are available. A delivered item in a multiple element arrangement is considered a separate unit of accounting if (a) the item has value to the customer on a standalone basis; and (b) delivery or performance of the undelivered item or items is considered probable and substantially in the Company's control if the arrangement includes a general right of return relative to the delivered item.

We establish VSOE of selling price using the price charged when the same element is sold separately, or in the case of post-contract customer support or other recurring services, when a substantive stated renewal rate is provided to the customer. In certain circumstances, the Company is not able to establish VSOE for all deliverables in a multiple element arrangement. This may be due to infrequent standalone sales for an element, a limited sales history for new solutions or pricing within a broader range than permissible by our policy to establish VSOE. In those circumstances, we proceed to the alternative levels in the hierarchy of determining selling price. TPE of selling price is established by evaluating largely similar and interchangeable competitor products or services in standalone sales to similarly situated customers. The Company is typically not able to determine TPE and we rarely use this measure since we are generally unable to reliably verify standalone prices of competitive solutions. ESP is established in those instances where neither VSOE nor TPE are available, considering internal factors such as margin objectives, pricing practices and controls, customer segment pricing strategies and the product life cycle. Consideration is also given to market conditions such as competitor pricing strategies and industry technology life cycles.

The Company's arrangements with multiple deliverables may include one or more elements that are subject to the software revenue recognition guidance. The consideration for these multiple element arrangements is allocated to the software deliverables and the non-software deliverables based on the relative selling prices of all of the elements in the arrangement using the above hierarchy. The appropriate revenue recognition guidance is then applied to the respective software and non-software elements.

The following describes the Company’s primary types of revenues and its revenue recognition policies as they pertain to the types of transactions the Company enters into with its customers.

Processing Services Revenues

Processing services include data processing and application and/or facility management. Revenues from processing services are typically volume-based depending on factors such as the number of accounts processed, transactions processed and computer resources used or can be based on minimum monthly usage fees. Revenues from these arrangements are recognized as services are performed. As professional services have increased as a percentage of total revenues, processing services have decreased to 75% of total revenues in 2014 from 76% in 2013 and 80% in 2012.

13

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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. Whether a company should recognize revenue based on the gross amount billed to a customer or the net amount retained is a matter of judgment that depends on the relevant facts and circumstances. Certain factors or indicators have been identified in the authoritative literature that should be considered in the evaluation. In certain of these arrangements, we have concluded that recognizing the gross amount billed is appropriate while in others we recognize the net amount retained, depending upon the level of our contractual responsibilities and obligations for delivering solutions to end customers.

Professional Services Revenues

Revenues and costs related to implementation, conversion and programming services associated with the Company’s data processing and application management agreements during the implementation phase are deferred and subsequently recognized using the straight-line method over the term of the related services agreement when these upfront services do not have standalone value or if revenue otherwise allocable to these elements is contingent upon delivery of other elements in the arrangement. Revenues and costs related to other consulting service agreements are recognized as the services are provided, assuming the separation criteria outlined above are satisfied. Professional services have increased as a percentage of total revenues to 15% in 2014 from 12% in 2013 and 9% in 2012. A significant portion of our professional services revenues is derived from contracts for dedicated personnel resources who are often working full-time at a client site and under their direction. These revenues generally re-occur as contracts are renewed.

License and Software Related Revenues

The Company recognizes software license and post-contract customer support fees, as well as associated implementation, training, conversion and programming fees in accordance with FASB ASC Subtopic 985-605. Initial license fees are recognized when a contract exists, the fee is fixed or determinable, software delivery has occurred and collection of the receivable is deemed probable, provided that VSOE of fair value has been established for any undelivered elements in the arrangement. If evidence of fair value of all undelivered elements exists but evidence does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue. If evidence of fair value does not exist for one or more undelivered elements of a contract, then all revenue is deferred until all elements are delivered or VSOE of fair value is determined for all remaining undelivered elements. Revenue from post-contract customer support is recognized ratably over the term of the agreement. The Company records deferred revenue for all billings invoiced prior to revenue recognition. Software license revenue and related post-contract customer support represented 7% of total revenues in 2014 and 8% in 2013 and 2012, with over 70% of the revenue representing post-contractual support revenue.

When the arrangement with the customer includes significant customization, modification, or production of software, the Company recognizes revenue applying contract accounting. For elements accounted for under contract accounting, revenue is recognized using the percentage-of-completion method since reasonably dependable estimates of revenues and contract hours applicable to various elements of a contract can be made. Cost-to-cost or efforts-expended (labor hours) methods are used to measure progress toward completion. Revenues in excess of billings on these agreements are recorded as unbilled receivables and are included in trade receivables. Billings in excess of revenue recognized on these agreements are recorded as deferred revenue until revenue recognition criteria are met. Changes in estimates for revenues, costs and profits are recognized in the period in which they are determinable. If and when the Company’s estimates indicate that the entire contract will be performed at a loss, a provision for the entire loss is recorded in that accounting period.

In arrangements where the licensed software includes hosting the software for the customer, a software element is only considered present if the customer has the contractual right to take possession of the software at any time during the hosting period without significant penalty and it is feasible for the customer to either operate the software on their own hardware or contract with another vendor to host the software. If the arrangement meets these criteria, as well as the other criteria for recognition of the license revenues described above, a software element is present and license revenues are recognized when the software is delivered and hosting revenues are recognized as the service is provided. If a separate software element as described above is not present, the related revenues are combined and recognized ratably over the hosting or maintenance period, whichever is longer.

Hardware and Other Revenues

14

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Hardware and other miscellaneous revenues including termination fees represent approximately 3% of our total revenues and are recognized following the separation and recognition criteria discussed above. The Company generally does not stock in inventory the hardware products sold, but arranges for delivery of hardware from third-party suppliers. The Company evaluates the gross vs. net indicators for these transactions and records the revenue related to hardware transactions on a gross basis as appropriate and the related costs are included in cost of revenue as appropriate if the Company is considered the primary obligor by the customer, bears risk of loss and has latitude in establishing prices on the equipment.

Recent Accounting Guidance Not Yet Adopted

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU

2014-09”). ASU 2014-09 amends substantially all authoritative literature for revenue recognition, including industry-specific

requirements, and converges the guidance under this topic with that of the International Financial Reporting Standards. The

ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed

to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and

uncertainty of revenues and cash flows from contracts with customers. Other provisions include ensuring the time value of

money is considered in the transaction price and allowing estimates of variable consideration to be recognized before

contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning

after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either with retrospective

application to the earlier years presented in their financial statements or with a cumulative-effect adjustment as of the date of

adoption. We are currently assessing the impact the adoption of ASU 2014-09 will have on our financial position and results of

operations.

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

Cost of revenue includes payroll, employee benefits, occupancy costs and other costs associated with personnel employed in customer service and service delivery roles, including program design and development and professional services. Cost of revenue also includes data processing costs, amortization of software, customer relationship intangible assets and depreciation on operating assets.

Selling, general and administrative expenses include payroll, employee benefits, occupancy and other costs associated with personnel employed in sales, marketing, human resources, finance, risk management and other administrative roles. Selling, general and administrative expenses also include depreciation on non-operating corporate assets, advertising costs and other marketing-related programs.

(p)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. Certain of our stock awards also contain performance conditions. In those circumstances, compensation cost is recognized over the service period when it is probable the outcome of that performance condition will be achieved. If the Company concludes at any point prior to completion of the requisite service period that it it not probable that the performance condition will be met, any previously recorded expense would be reversed.

(q)Foreign Currency Translation

The functional currency for the foreign operations of the Company is either the U.S. Dollar or the local foreign currency. For foreign operations where the local currency is the functional currency, the translation into U.S. Dollars for consolidation is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using the average exchange rate during the period. 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 foreign currency transactions are included in other income.

(r)Management Estimates

15

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The preparation of these Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

(s)Provision for Check Guarantee Losses

In the Company’s check guarantee business, if a guaranteed check presented to a merchant customer is dishonored by the check writer’s bank, the Company reimburses the merchant customer for the check’s face value and pursues collection of the amount from the delinquent check writer. Loss provisions and anticipated recoveries are determined by performing a historical analysis of the Company’s check loss and recovery experience and considering other factors that could affect that experience in the future. Such factors include the general economy, the overall industry mix of customer volumes, statistical analysis of check fraud trends within customer volumes, and the quality of returned checks. The estimated check returns and recovery amounts are subject to risk that actual amounts returned and recovered may be different than the Company’s estimates. The Company had accrued claims payable balances of $14.5 million and $15.2 million as of December 31, 2014 and 2013, respectively, related to these estimations. The Company had accrued claims recoverable of $20.4 million and $18.6 million as of December 31, 2014 and 2013, respectively, related to these estimations. In addition, the Company recorded provisions for check guarantee losses, net of anticipated recoveries excluding service fees, of $57.2 million, $57.3 million and $54.7 million for the years ended December 31, 2014, 2013 and 2012, respectively. The amount paid to merchant customers, net of amounts recovered from check writers excluding service fees, was $51.9 million, $53.7 million and $53.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

(t)Net Earnings per Share

The basic weighted average shares and common stock equivalents for the years ended December 31, 2014, 2013 and 2012 are computed using the treasury stock method.

Net earnings and earnings per share for the years ended December 31, 2014, 2013 and 2012 are as follows (in millions, except per share data):

	Year ended December 31,
	2014			2013		2012
Earnings from continuing operations attributable to FIS, net of tax	$	690.5		$	490.0	$	538.3
Earnings (loss) from discontinued operations attributable to FIS, net of tax	(11.4		)	3.1		(77.1		)
Net earnings attributable to FIS common stockholders	$	679.1		$	493.1	$	461.2
Weighted average shares outstanding — basic	284.8			289.7		291.8
Plus: Common stock equivalent shares	3.9			4.5		5.7
Weighted average shares outstanding — diluted	288.7			294.2		297.5
Net earnings per share — basic from continuing operations attributable to FIS common stockholders	$	2.42		$	1.69	$	1.84
Net earnings (loss) per share — basic from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01		(0.26		)
Net earnings per share — basic attributable to FIS common stockholders *	$	2.38		$	1.70	$	1.58
Net earnings per share — diluted from continuing operations attributable to FIS common stockholders	$	2.39		$	1.67	$	1.81
Net earnings (loss) per share — diluted from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01		(0.26		)
Net earnings per share — diluted attributable to FIS common stockholders *	$	2.35		$	1.68	$	1.55
* amounts may not sum due to rounding.

16

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Options to purchase approximately 4.4 million, 4.2 million and 2.1 million shares of our common stock for the years ended December 31, 2014, 2013 and 2012, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive.

(u)Certain Reclassifications

Certain reclassifications have been made in the 2013 and 2012 Consolidated Financial Statements to conform to the classifications used in 2014.

(3)    Discontinued Operations

As described below, certain operations are reported as discontinued in the Consolidated Statements of Earnings for the years ended December 31, 2014, 2013 and 2012. The revenues and earnings (losses) of the businesses included in discontinued operations for the periods presented were as follows:

Revenues		2014		2013		2012
	eCas business line	$	3.0	$	7.3	$	11.8
	ClearPar	—		—		—
	Healthcare Benefit Solutions Business	—		—		80.5
	Participacoes operations	—		—		—
	Total discontinued operations	$	3.0	$	7.3	$	92.3

Earnings (loss) from discontinued operations net of tax:		2014			2013			2012
	eCas business line	$	(5.1	)	$	1.2		$	2.1
	ClearPar	—			16.7			—
	Healthcare Benefit Solutions Business	—			0.1			(47.8		)
	Participacoes operations	(6.3		)	(14.9		)	(31.4		)
	Total discontinued operations	$	(11.4	)	$	3.1		$	(77.1	)

China eCas Business Line

During the second quarter of 2014, the Company committed to a plan to sell our business operation that provides eCas core banking software solutions to small financial institutions in China because it did not align with our strategic plans. This line of business was previously included in the former ISG segment.

Healthcare Benefit Solutions Business

On June 25, 2012, we entered into a definitive agreement to sell our Healthcare Benefit Solutions Business ("Healthcare Business") because its operations did not align with our strategic plans. The all-cash transaction closed on August 15, 2012 and we received cash proceeds of $332.2 million. We recorded a pre-tax gain of $22.0 million and tax expense on the sale of $78.3 million, which resulted from the allocation of goodwill with minimal tax basis. The results of operations of the Healthcare Business were previously included in the former PSG segment.

Brazil Item Processing and Remittance Services Operations

During the third quarter of 2010, the Company decided to pursue strategic alternatives for Fidelity National Participacoes Ltda. (“Participacoes”). Participacoes' processing volume was transitioned to other vendors or back to its clients during the second quarter of 2011. Participacoes had expenses of $10.1 million, $23.1 million and $47.5 million during the years ended December 31, 2014, 2013 and 2012, respectively. As a result of the dismissal of employees related to the shut-down activities completed in 2011, the years ended December 31, 2014, 2013 and 2012 included charges of $5.1 million, $15.7 million and $39.1 million, respectively, to settle claims or increase our provision for potential labor claims. The shut-down activities involved the transfer and termination of approximately 2,600 employees. As of December 31, 2014, there are approximately

17

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

790 active labor claims. Former employees generally had up to two years from the date of termination to file labor claims, which extended through April 2013. Consequently, we have continued exposure on these active claims, which were not transferred with other assets and liabilities in the disposal. Our accrued liability for active labor claims, net of $13.8 million in court ordered deposits, is $17.6 million as of December 31, 2014. Any changes in the estimated liability related to these labor claims will be recorded as discontinued operations.

In 2004, Proservvi Empreendimentos e Servicios, Ltda., the predecessor to Fidelity National Servicos de Tratamento de Documentos e Informatica Ltda. (“Servicos”), a subsidiary of Participacoes, 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 that Prosegur and Servicos were successors in interest to Transpev.

To date, the Brazilian tax authorities filed four claims against Servicos asserting potential tax liabilities of approximately $8.0 million. There are potentially 26 additional claims against 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 $60.0 million making the total potential exposure for all 30 claims approximately $68.0 million. While a liability for these 30 total claims is possible, we do not believe it is probable or reasonably estimable and therefore have not reserved for any of these claims.

ClearPar

On January 1, 2010, FIS sold certain assets and liabilities constituting our ClearPar automated syndicated loan trade settlement business. Terms of the sale included an initial cash payment of $71.5 million at closing, with the potential for an additional contingent earn-out payment calculated as a function of the business' 2012 operating results. In May 2013, we recorded in discontinued operations a gain of $26.8 million ($16.7 million, net of tax) upon final determination and receipt of the earn-out payment.

(4)    Components of Other Comprehensive Earnings

The following table shows accumulated other comprehensive earnings ("AOCE") attributable to FIS by component, net of tax, for the year ended December 31, 2014 (in millions):

				Foreign
	Interest Rate			Currency
	Swap			Translation
	Contracts			Adjustments			Other			Total
Balances, December 31, 2013	$	(2.4	)	$	(3.0	)	$	(4.5	)	$	(9.9	)
Other comprehensive gain/(loss) before reclassifications	(2.2		)	(92.2		)	(6.8		)	(101.2		)
Amounts reclassified from AOCE	3.9			—			—			3.9
Net current period AOCE attributable to FIS	1.7			(92.2		)	(6.8		)	(97.3		)
Balances, December 31, 2014	$	(0.7	)	$	(95.2	)	$	(11.3	)	$	(107.2	)

The amount reclassified from AOCE for interest rate swap contracts includes $6.3 million recorded as interest expense, reduced by a related $2.4 million provision for income taxes. See Note 14 for the tax provision associated with each component of other comprehensive income.

(5)    Related Party Transactions

We are a participant to certain related party agreements described below.

Revenues and Expenses

A detail of related party items included in revenues for the years ended December 31, 2014, 2013 and 2012 is as follows (in millions):

18

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	Years ended December 31,
	2014		2013		2012
Banco Bradesco Brazilian Venture revenue	$	277.4	$	296.2	$	287.6
FNF data processing services revenue (1)	—		—		30.2
Ceridian data processing and services revenue (1)	—		—		74.0
Total related party revenues	$	277.4	$	296.2	$	391.8

(1) Through September 30, 2012.

There were no related party expenses for the years ended December 31, 2014 and 2013. Administrative corporate support and other services with FNF of $3.4 million and employee benefits services of $0.6 million with Ceridian were included in 2012 expenses.

Brazilian Venture

The Company operates a joint venture ("Brazilian Venture") with Banco Bradesco S.A. ("Banco Bradesco") in which we own a 51% controlling interest, to provide comprehensive, fully outsourced transaction processing, call center, cardholder support and collection services to multiple card issuing clients in Brazil, including Banco Bradesco. The original accounting for this transaction resulted in the establishment of a contract intangible asset and a liability for amounts payable to the original partner banks upon final migration of their respective card portfolios and achieving targeted volumes (the “Brazilian Venture Notes”). The unamortized contract intangible asset balance as of December 31, 2014 was $147.0 million. Upon the exit of one partner bank, certain terms of the Brazilian Venture were subsequently renegotiated between Banco Bradesco and FIS and were memorialized in an Amended Association Agreement in November 2010. Among other things, the payout for the Brazilian Venture Notes was extended over a ten-year period. Additional performance remuneration provisions upon the achievement of targeted account and transaction volumes were renegotiated, for which additional related party payables were recorded as of December 31, 2010, based on management's expectation that the targets will be met. The passage of time and the achievement of certain targets triggered payments to Banco Bradesco of $5.5 million and $9.9 million in 2014 and 2013, respectively. The remaining related party payable was $42.9 million and $48.2 million as of December 31, 2014 and 2013, respectively. In addition, the board of directors for the Brazilian Venture declared a one-time dividend during the year ended December 31, 2014, resulting in a payment of $34.8 million to Banco Bradesco and thereby reducing the value of the noncontrolling interest as of December 31, 2014 to $121.5 million. The remaining Brazilian Venture revenues included $29.7 million of unfavorable currency impact during the year ended December 31, 2014 resulting from a stronger U.S. Dollar in 2014, as compared to 2013.

The Brazilian Venture currently processes approximately58 million cards for clients in Brazil and provides call center, cardholder support and collection services for their card portfolios.

FNF

FIS had shared a number of directors and executives with Fidelity National Financial, Inc. ("FNF"), our former parent, subsequent to becoming an independent company. As a result, FNF qualified as a related party from an accounting perspective. As previously reported, William P. Foley II, who serves as Chairman of the Board of Directors of FNF, transitioned from Executive Chairman to Chairman of the Board of FIS in February 2011, and then to Vice Chairman in March 2012. Certain other key executives shared between the two companies ended their employment with FIS during 2012. As a result, FNF's level of influence over the management or operating policies of FIS was diminished below the level required to meet the definition of a related party as of September 30, 2012. All transactions with FNF are, therefore, included in the related party disclosures through that date.

Ceridian

We provide data processing services to Ceridian Corporation (“Ceridian”), and Ceridian provides us with outsourced employee benefits services. FNF holds an approximate 32% equity interest in Ceridian; therefore, transactions with Ceridian are included as related party activity through September 30, 2012, consistent with the inclusion of FNF as addressed above.

19

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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

(6)Acquisitions

The results of operations and financial position of the entities acquired during the years ended December 31, 2014, 2013 and 2012, are included in the Consolidated Financial Statements from and after the date of acquisition. The Company completed a number of acquisitions in 2014, 2013 and 2012 that were not significant, individually or in the aggregate, including Clear2Pay NV. ("Clear2Pay"), for $461.5 million in October 2014, Reliance Financial Corporation ("Reliance") for $110.0 million in July 2014, Credit Management Solutions, Inc. ("CMSI"), for $29.0 million in April 2014, mFoundry, Inc. ("mFoundry"), for $115.0 million in March 2013, ProNet Solutions, Inc. ("ProNet") for $22.3 million in October 2012, Integrated Compliance Solutions LLC ("ICS") for $20.2 million in April 2012 and Memento Inc. ("Memento") for $24.9 million in April 2012.

The addition of Clear2Pay will expand FIS’ global payments capabilities and enhance our ability to deliver differentiated enterprise payments solutions. Because the Clear2Pay purchase price was denominated in Euros, we initiated a foreign currency forward contract to purchase Euros and sell U.S. Dollars to manage the risk arising from fluctuations in exchange rates until the closing.  As this derivative did not qualify for hedge accounting, we recorded a charge of $16.2 million in Other income (expense), net during the third quarter of 2014.  This forward contract was settled on October 1, 2014. 

Our acquisition of Atlanta-based Reliance enables us to provide a full-service wealth management and retirement offering encompassing technology, full back-office operations outsourcing, and retirement trust and fiduciary services.

The Capco purchase price in 2010 included cash consideration of $297.8 million at closing plus future contingent consideration valued at $113.7 million based on targeted operating performance in 2013 through 2015. We recorded an additional charge of $85.2 million in December 2013 as a result of amendments to the earn-out provisions based on management's outlook and increased projections of Capco's future results in light of its consistently improving performance. The amendments established a final agreed amount in total cash contingent consideration and number of shares in equity contingent consideration, subject to reduction and forfeiture provisions if operating performance targets are not met. The liability had previously been reduced by $22.3 million in 2011 and increased by $43.9 million in 2013 based on forecasts of achievement of targeted operating performance. No adjustments were required in 2014 and 2012. The remaining contingent consideration liability is $103.3 million as of December 31, 2014. The remaining payments will be made over the next two years.

In conjunction with the acquisition, Capco and FIS established a New Hires and Promotions Incentive Plan ("NHPP") to attract new employees and to retain and incent existing employees and management. This plan provided for aggregate payments of up to $67.8 million to eligible participants upon achievement of targeted operating performance in 2013 through 2015. The NHPP was amended and restated in December 2013 to: (1) fix the total amount payable at $43.4 million, subject to reduction and forfeiture provisions; (2) establish the named participants and their respective unit allocations; and (3) eliminate any continued service requirements to FIS by the participants after the amendment date. Based on management's expectation that the operating performance measures will be achieved, the liability for the NHPP was adjusted to the present value of the amended total payout, with the resulting increase of $18.1 million recorded in 2013. Prior to the amendment, the expected liability was being expensed over the performance period, which was deemed to equal the service period.

(7)Property and Equipment

Property and equipment as of December 31, 2014 and 2013 consists of the following (in millions):

20

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	2014			2013
Land	$	28.1		$	28.1
Buildings	186.9			182.0
Leasehold improvements	111.7			97.0
Computer equipment	718.6			629.5
Furniture, fixtures, and other equipment	159.1			140.8
	1,204.4			1,077.4
Accumulated depreciation and amortization	(721.1		)	(638.4		)
	$	483.3		$	439.0

During the years ended December 31, 2014 and 2013, the Company entered into capital lease obligations of $26.1 million and $16.9 million, respectively, for certain computer hardware and software. The assets are included in property and equipment and computer software and the remaining capital lease obligation is classified as long-term debt on our Consolidated Balance Sheet as of December 31, 2014. Periodic payments are included in repayment of borrowings on the Consolidated Statements of Cash Flows.

Depreciation and amortization expense on property and equipment, including that recorded under capital leases, amounted to $130.1 million, $119.0 million and $117.8 million for the years ended December 31, 2014, 2013 and 2012, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was depreciation and amortization expense on property and equipment of $1.3 million for the year ended December 31, 2012. There was no depreciation and amortization expense in discontinued operations for the years ended December 31, 2014 and 2013.

(8)Goodwill

Changes in goodwill during the years ended December 31, 2014 and 2013 are summarized as follows (in millions):

	IFS			GFS			Total
Balance, December 31, 2012	$	6,596.0		$	1,785.5		$	8,381.5
Goodwill acquired during 2013	115.7			2.8			118.5
Purchase price and foreign currency adjustments	(0.1		)	0.1			—
Balance, December 31, 2013	6,711.6			1,788.4			8,500.0
Goodwill acquired during 2014	74.2			329.8			404.0
Purchase price and foreign currency adjustments	—			(26.4		)	(26.4		)
Balance, December 31, 2014	$	6,785.8		$	2,091.8		$	8,877.6

In performing the step zero qualitative analysis for 2014, examining those factors most likely to affect our valuations, we concluded that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts. As a result, no reporting units were at risk of impairment as of the September 30, 2014 measurement date (see Note 2 (g)). In conjunction with the change in reportable segments, we updated our procedures for 2014. We reallocated goodwill to the new reportable segments based on relative fair values as of January 1, 2015 and performed a step one quantitative analysis for impairment. Based upon the results of this test, there were no indications of impairment for any of our reporting units.

(9)Intangible Assets

Customer relationships intangible assets are obtained as part of acquired businesses and are amortized over their estimated useful lives, generally five to 10 years, using accelerated methods. Trademarks determined to have indefinite lives are not amortized. Certain other trademarks are amortized over periods ranging up to 15 years. As of December 31, 2014 and 2013, trademarks carried at $82.3 million and $80.8 million, respectively, were classified as indefinite lived.

Intangible assets as of December 31, 2014 consist of the following (in millions):

21

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,761.7	$	(1,600.5	)	$	1,161.2
Trademarks	122.8		(16.0		)	106.8
	$	2,884.5	$	(1,616.5	)	$	1,268.0

Intangible assets as of December 31, 2013 consist of the following (in millions):

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,688.8	$	(1,455.1	)	$	1,233.7
Trademarks	118.8		(13.2		)	105.6
	$	2,807.6	$	(1,468.3	)	$	1,339.3

Amortization expense for intangible assets with finite lives was $215.0 million, $233.1 million and $246.4 million for the years ended December 31, 2014, 2013 and 2012, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was amortization expense on intangible assets of $5.1 million for the year ended December 31, 2012. There was no amortization expense in discontinued operations for the years ended December 31, 2014 and 2013.

Estimated amortization of intangibles, including the contract intangible in our Brazilian Venture, which is amortized as a reduction in revenue, for the next five years is as follows (in millions):

2015	$	220.8
2016	212.0
2017	206.7
2018	205.5
2019	206.0

(10)    Computer Software

Computer software as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Software from business acquisitions	$	519.2		$	535.6
Capitalized software development costs	953.1			847.6
Purchased software	120.3			174.3
Computer software	1,592.6			1,557.5
Accumulated amortization	(699.2		)	(701.0		)
Computer software, net of accumulated amortization	$	893.4		$	856.5

Amortization expense for computer software was $209.7 million, $195.8 million and $195.5 million for the years ended December 31, 2014, 2013 and 2012, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was amortization expense on computer software of$3.1 million for the year ended December 31, 2012. There was no amortization expense in discontinued operations for 2014 and 2013.

(11)Deferred Contract Costs

Deferred contract costs as of December 31, 2014 and 2013 consists of the following (in millions):

22

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	2014		2013
Installations and conversions in progress	$	17.9	$	10.9
Installations and conversions completed, net	90.8		107.9
Sales commissions and other, net	104.5		88.0
Total deferred contract costs	$	213.2	$	206.8

Amortization of deferred contract costs was $71.5 million, $66.6 million and $73.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

(12)Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities as of December 31, 2014 and 2013 consists of the following (in millions):

	2014		2013
Salaries and incentives	$	137.6	$	163.7
Accrued benefits and payroll taxes	53.9		58.9
Trade accounts payable	186.8		147.0
Accrued claims and claims payable	20.8		26.8
Accrued interest payable	21.8		40.9
Taxes other than income tax	47.5		45.4
Capco acquisition related liabilities	61.1		69.4
Other accrued liabilities	200.8		215.9
Total accounts payable and accrued liabilities	$	730.3	$	768.0

(13)     Long-Term Debt

Long-term debt as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Term Loan A-4, quarterly principal amortization (1)	$	1,300.0		$	1,962.5
Senior Notes due 2017, interest payable semi-annually at 1.450%	300.0			—
Senior Notes due 2018, interest payable semi-annually at 2.000%	250.0			250.0
Senior Notes due 2020, interest payable semi-annually at 7.875%	—			500.0
Senior Notes due 2022, interest payable semi-annually at 5.000%	700.0			700.0
Senior Notes due 2023, interest payable semi-annually at 3.500%	1,000.0			1,000.0
Senior Notes due 2024, interest payable semi-annually at 3.875%	700.0			—
Revolving Loan, (2)	795.0			29.0
Other	22.7			27.1
	5,067.7			4,468.6
Current portion	(13.1		)	(128.8		)
Long-term debt, excluding current portion	$	5,054.6		$	4,339.8

__________________________________________

(1) Interest on the Term Loans A-4 is generally payable at LIBOR plus an applicable margin of up to 1.75% based upon the Company's corporate credit ratings and the ratings on the FIS Credit Agreement. As of December 31, 2014, the weighted average interest rate on the Term Loans A-4 was 1.41%.

(2) Interest on the Revolving Loan is generally payable at LIBOR plus an applicable margin of up to 1.75% plus an unused commitment fee of up to 0.25%, each based upon the Company's corporate credit ratings and the ratings on the FIS Credit Agreement. As of December 31, 2014, the applicable margin on the Revolving Loan, excluding facility fees and unused commitment fees, was 1.25%.

FIS is a party to a syndicated credit agreement (the “FIS Credit Agreement”), which as of December 31, 2014 provided total committed capital of $4,300.0 million comprised of: (1) a revolving credit facility in an aggregate maximum principal

23

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

amount of $3,000.0 million maturing on December 18, 2019 (the "Revolving Loan"); and (2) term loans of $1,300.0 million maturing on March 30, 2017 (the "Term Loans A-4"). As of December 31, 2014, the outstanding principal balance of the Revolving Loan was $795.0 million, with $2,204.2 million of borrowing capacity remaining thereunder (net of $0.8 million in outstanding letters of credit issued under the Revolving Loan).

In June 2014, FIS issued $1,000.0 million of new senior notes, including $300.0 million of Senior Notes due in 2017 that bear interest at 1.450% and $700.0 million of Senior Notes due in 2024 that bear interest at 3.875%. The proceeds were used to pay down a portion of the Term Loans A-4 and to temporarily reduce borrowings under the Revolving Loan until the 2020 Notes were callable.

On July 15, 2014, FIS called the full $500.0 million principal amount of 2020 Notes, funded by borrowings under the Company's Revolving Loan and cash on hand. As a result of the redemption, FIS incurred a pre-tax charge upon extinguishment of approximately $35.4 million, consisting of the call premium and the write-off of associated previously capitalized debt issuance costs.

On April 15, 2013, FIS completed the issuance and sale of $250.0 million in aggregate principal amount of 2.0% unsecured senior notes due April 15, 2018 (the "2018 Notes") and $1,000.0 million in aggregate principal amount of 3.5% unsecured senior notes due April 15, 2023 (the "2023 Notes"). Net proceeds from the offering, after deducting the underwriting discounts and commissions, were $1,233.1 million. The 2018 Notes and 2023 Notes were offered and sold pursuant to the Form S-3 Automatic Shelf Registration Statement filed with the Securities and Exchange Commission on March 5, 2013, as supplemented by the prospectus supplement dated April 10, 2013. On April 15, 2013, FIS used a portion of the proceeds from the offering to pay down the outstanding balance of its Revolving Loan. On May 15, 2013, the Company completed a call for redemption of the 2017 Notes for $801.6 million, comprised of $750.0 million in principal and a call premium of $51.6 million.

The obligations of FIS under the FIS Credit Agreement and under all of its outstanding senior notes rank equal in priority and are unsecured. On December 18, 2014, FIS completed an amendment to the FIS Credit Agreement that, among other provisions, eliminated all existing guarantees from FIS' subsidiaries. The FIS Credit Agreement and the senior notes remain subject to customary covenants, including, among others, limitations on the payment of dividends by FIS, and events of default.

The following table summarizes the mandatory annual principal payments pursuant to the FIS Credit Agreement and the senior notes' indentures as of December 31, 2014 (in millions). There are no mandatory principal payments on the Revolving Loan and any balance outstanding on the Revolving Loan will be due and payable at its scheduled maturity date:

	Term Loan A-4		2017 Notes		2018 Notes		2022 Notes		2023 Notes		2024 Notes		Total
2015	—		—		—		—		—		—		$	—
2016	—		—		—		—		—		—		—
2017	1,300.0		300.0		—		—		—		—		1,600.0
2018	—		—		250.0		—		—		—		250.0
2019	—		—		—		—		—		—		—
Thereafter	—		—		—		700.0		1,000.0		700.0		2,400.0
Total	$	1,300.0	$	300.0	$	250.0	$	700.0	$	1,000.0	$	700.0	$	4,250.0

Voluntary prepayment of the Term Loans is generally permitted at any time without fee upon proper notice and subject to a minimum dollar requirement. In addition to scheduled principal payments, the Term Loans are (with certain exceptions) subject to mandatory prepayment upon the occurrence of certain events.

FIS may redeem some or all of the 2022 Notes on or before May 14, 2020 at a specified premium to par, and thereafter at par as outlined in the indenture agreement. FIS may also redeem the 2017 Notes, 2018 Notes, 2023 Notes and 2024 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 2023 Notes and 2024 Notes during the three months prior to their maturity.

24

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

We monitor the financial stability of our counterparties on an ongoing basis. The lender commitments under the undrawn portions of the Revolving Loan are comprised of a diversified set of financial institutions, both domestic and international. The combined commitments of our top 10 revolving lenders comprise about 67% of our Revolving Loan. The failure of any single lender to perform its obligations under the Revolving Loan would not adversely impact our ability to fund operations. If the single largest lender were to default under the terms of the FIS Credit Agreement (impacting the capacity of the Revolving Loan), the maximum loss of available capacity on the undrawn portion of the Revolving Loan, as of December 31, 2014, would be approximately $161.7 million.

The fair value of the Company’s long-term debt is estimated to be approximately $63.8 million higher than the carrying value as of December 31, 2014. This estimate is based on quoted prices of our senior notes and trades of our other debt in close proximity to December 31, 2014, which are considered Level 2-type measurements. This estimate is subjective in nature and involves 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.

As of December 31, 2014, we have entered into the following interest rate swap transactions converting a portion of the interest rate exposure on our Term and Revolving Loans from variable to fixed (in millions):

Effective date	Termination date	Notional amount		Bank pays variable rate of	FIS pays  fixed rate of
July 1, 2012	July 1, 2015	300.0		One Month LIBOR (1)	0.58	%	(2)
February 3, 2014	February 1, 2017	400.0		One Month LIBOR (1)	0.89	%	(2)
		$	700.0

___________________________________

(1) 0.17% in effect as of December 31, 2014.

(2) Does not include the applicable margin and facility fees paid to lenders on term loans and revolving loans as described above.

We have designated these interest rate swaps as cash flow hedges and, as such, they are carried on the Consolidated Balance Sheets at fair value with changes in fair value included in other comprehensive earnings, net of tax.

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

	December 31, 2014			December 31, 2013
	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate swap contracts	Accounts payable and accrued liabilities	$	0.7	Accounts payable and accrued liabilities	$	2.5
Interest rate swap contracts	Other long-term liabilities	0.9		Other long-term liabilities	1.9

In accordance with the authoritative guidance for fair value measurements, the inputs used to determine the estimated fair value of our interest rate swaps are Level 2-type measurements. We considered our own credit risk and the credit risk of the counterparties when determining the fair value of our interest rate swaps. Adjustments are made to these amounts and to accumulated other comprehensive earnings ("AOCE") within the Consolidated Statements of Comprehensive Earnings and Consolidated Statements of Equity as the factors that impact fair value change, including current and projected interest rates, time to maturity and required cash transfers/settlements with our counterparties. Periodic actual and estimated settlements with counterparties are recorded to interest expense as a yield adjustment to effectively fix the otherwise variable rate interest expense associated with the Term and Revolving Loans for hedge notional amounts.

A summary of the effect of derivative instruments on the Company’s Consolidated Statements of Comprehensive Earnings and recognized in AOCE for the years ended December 31, 2014, 2013 and 2012 are as follows (in millions):

25

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	Amount of gain (loss) recognized in AOCE on derivatives
Derivatives in Cash Flow Hedging Relationships	2014			2013		2012
Interest rate swap contracts	$	(3.5	)	$	0.5	$	(11.0	)

	Amount of gain (loss) reclassified from AOCE into income
Location of gain (loss) reclassified from AOCE into income	2014			2013			2012
Interest expense	$	(6.3	)	$	(5.5	)	$	(7.7	)

Approximately $0.8 million of the balance in AOCE as of December 31, 2014, is expected to be reclassified into income over the next twelve months.

Our existing cash flow hedges are highly effective and there was no impact on earnings due to hedge ineffectiveness. It is our practice to execute such instruments with credit-worthy banks at the time of execution and not to enter into derivative financial instruments for speculative purposes. As of December 31, 2014, we believe that our interest rate swap counterparties will be able to fulfill their obligations under our agreements and we believe we will have debt outstanding through the various expiration dates of the swaps such that the forecasted transactions remain probable of occurring.

(14)Income Taxes

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2014, 2013 and 2012 consists of the following (in millions):

	2014			2013			2012
Current provision:
Federal	$	248.2		$	232.2		$	183.1
State	32.1			27.2			38.7
Foreign	63.7			49.3			33.2
Total current provision	$	344.0		$	308.7		$	255.0
Deferred provision (benefit):
Federal	$	(3.6	)	$	0.2		$	14.5
State	(2.3		)	(1.1		)	0.8
Foreign	(3.0		)	1.1			(0.2		)
Total deferred provision	(8.9		)	0.2			15.1
Total provision for income taxes	$	335.1		$	308.9		$	270.1

The provision for income taxes is based on pre-tax income from continuing operations, which is as follows for the years ended December 31, 2014, 2013 and 2012 (in millions):

	2014		2013		2012
United States	$	789.3	$	753.8	$	653.2
Foreign	264.1		69.7		175.1
Total	$	1,053.4	$	823.5	$	828.3

Total income tax expense for the years ended December 31, 2014, 2013 and 2012 is allocated as follows (in millions):

26

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	2014			2013			2012
Tax expense per statements of earnings	$	335.1		$	308.9		$	270.1
Tax expense attributable to discontinued operations	(3.9		)	2.3			68.2
Unrealized (loss) gain on investments and derivatives	1.0			0.4			0.7
Unrealized (loss) gain on foreign currency translation	(4.6		)	(5.8		)	(0.4		)
Other components of other comprehensive income	(3.1		)	(0.1		)	(2.0		)
Total income tax expense (benefit) allocated to other comprehensive income	(6.7		)	(5.5		)	(1.7		)
Tax benefit from exercise of stock options	(39.5		)	(40.4		)	(31.1		)
Total income tax expense	$	285.0		$	265.3		$	305.5

A reconciliation of the federal statutory income tax rate to the Company’s effective income tax rate for the years ended December 31, 2014, 2013 and 2012 is as follows:

	2014		2013		2012
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State income taxes	4.6		4.6		4.6
Federal benefit of state taxes	(1.6	)	(1.6	)	(1.6	)
Foreign rate differential	(2.6	)	(2.5	)	(2.8	)
Capco contingent consideration	—		5.9		—
Other	(3.6	)	(3.9	)	(2.6	)
Effective income tax rate	31.8	%	37.5	%	32.6	%

The significant components of deferred income tax assets and liabilities as of December 31, 2014 and 2013 consist of the following (in millions):

	2014			2013
Deferred income tax assets:
Net operating loss carryforwards	$	183.2		$	155.8
Employee benefit accruals	55.5			62.0
Deferred revenue	43.7			38.0
Foreign currency translation adjustment	28.9			24.4
Accruals	27.1			30.0
Foreign tax credit carryforwards	12.7			24.4
State taxes	11.8			10.6
Allowance for doubtful accounts	3.6			4.4
Interest rate swaps	0.5			1.5
Total gross deferred income tax assets	367.0			351.1
Less valuation allowance	(121.7		)	(97.7		)
Total deferred income tax assets	245.3			253.4
Deferred income tax liabilities:
Amortization of goodwill and intangible assets	899.5			871.6
Deferred contract costs	91.1			82.2
Depreciation	48.4			49.1
Other	7.5			6.8
Total deferred income tax liabilities	1,046.5			1,009.7
Net deferred income tax liability	$	801.2		$	756.3

27

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Deferred income taxes have been classified in the Consolidated Balance Sheets as of December 31, 2014 and 2013 as follows (in millions):

	2014			2013
Current assets	$	67.4		$	58.9
Noncurrent assets (included in other noncurrent assets)	9.5			10.5
Total deferred income tax assets	76.9			69.4
Current liabilities (included in accounts payable and accrued liabilities)	(3.7		)	(2.1		)
Noncurrent liabilities	(874.4		)	(823.6		)
Net deferred income tax liability	$	(801.2	)	$	(756.3	)

Management believes that based on its historical pattern of taxable income, projections of future income, tax planning strategies and other relevant evidence, the Company will produce sufficient income in the future to realize its deferred income tax assets. 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. We also receive periodic assessments from taxing authorities challenging our positions that 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 management's assessment of the amount of deferred income tax asset that is realizable.

As of December 31, 2014 and 2013, the Company had income taxes receivable of $12.0 million and $30.0 million, respectively. These amounts are included in other receivables in the Consolidated Balance Sheets.

As of December 31, 2014 and 2013, the Company has federal, state and foreign net operating loss carryforwards resulting in deferred tax assets of $183.2 million and $155.8 million, respectively. The federal and state net operating losses result in deferred tax assets as of December 31, 2014 and 2013 of $26.1 million and $17.8 million, respectively, which expire between 2020 and 2034. The Company has a valuation allowance related to these deferred tax assets for state net operating loss carryforwards in the amounts of $8.8 million and $11.6 million as of December 31, 2014 and 2013. The Company has foreign net operating loss carryforwards resulting in deferred tax assets as of December 31, 2014 and 2013 of $157.1 million and $138.0 million, respectively. The Company has valuation allowances related to these net operating losses as of December 31, 2014 and 2013 of $112.9 million and $86.1 million, respectively. As of December 31, 2014 and 2013, the Company had foreign tax credit carryforwards of $12.7 million and $24.4 million, respectively, which expire between 2020 and 2022.

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 2011. Currently, management believes 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. Substantially all material foreign income tax return matters have been concluded through 2007. Substantially all state income tax returns have been concluded through 2011.

The Company provides for United States income taxes on earnings of foreign subsidiaries unless they are considered permanently reinvested outside the United States. For those earnings considered to be permanently reinvested outside the United States, a determination of the amount of unrecognized deferred tax liability is not practicable at this time.

As of December 31, 2014 and 2013, the Company had gross unrecognized tax benefits of $18.4 million and $29.2 million of which $13.1 million and $19.3 million 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):

28

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	Gross Amount
Amounts of unrecognized tax benefits as of January 1, 2013	$	40.4
Amount of decreases due to lapse of the applicable statute of limitations	(2.8		)
Amount of decreases due to settlements	(12.7		)
Increases as a result of tax positions taken in a prior period	4.3
Amount of unrecognized tax benefit as of December 31, 2013	29.2
Amount of decreases due to lapse of the applicable statute of limitations	(2.4		)
Amount of decreases due to settlements	(14.1		)
Increases as a result of tax positions taken in the current period	2.6
Increases as a result of tax positions taken in a prior period	3.1
Amount of unrecognized tax benefit as of December 31, 2014	$	18.4

The total amount of interest expense recognized in the Consolidated Statements of Earnings for unpaid taxes is $1.8 million, $3.1 million and $3.7 million for the years ended December 31, 2014, 2013 and 2012, respectively. The total amount of interest and penalties included in the Consolidated Balance Sheets is $7.9 million and $12.4 million as of December 31, 2014 and 2013, respectively. Interest and penalties are recorded as a component of income tax expense in the Consolidated Statements of Earnings.

Due to the expiration of various statutes of limitation in the next twelve months, an estimated $2.7 million of gross unrecognized tax benefits may be recognized during that twelve month period.

(15)     Commitments and Contingencies

Litigation

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

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

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

CheckFree Corporation and CashEdge, Inc. v. Metavante Corporation and Fidelity National Information Services, Inc.

This is a patent infringement action that was filed by CheckFree Corporation and CashEdge, Inc., subsidiaries of Fiserv, Inc. (collectively, the "Plaintiffs") against Fidelity National Information Services, Inc. and our subsidiary, Metavante Corporation (collectively the “Defendants”) in the U.S. District Court for the Middle District of Florida, Jacksonville Division on January 5, 2012. The complaint seeks damages, injunctive relief and attorneys' fees for the alleged infringement of three patents. Plaintiffs allege that the Defendants infringe the patents at issue by providing customers financial and payment solutions that process payment instructions, provide electronic biller notifications, and/or process account-to-account funds transfer transactions and have requested financial damages and injunctive relief. Defendants filed their Answer and Counterclaims to Plaintiffs' complaint for patent infringement denying the claims of patent infringement and asserting defenses, including non-infringement and invalidity. Additionally, Defendants filed counterclaims asserting patent infringement of three patents and adding Fiserv, Inc. as a Counter Defendant. Defendants seek damages, injunctive relief and attorneys' fees. Plaintiffs and Counter Defendant Fiserv, Inc., filed their Answer to Defendants' counterclaims denying the claims of patent infringement and asserting defenses, including non-infringement and invalidity. In the fourth quarter of 2012, the Court granted

29

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Plaintiffs' Motion to Amend its First Amended Complaint to add a fourth patent and Defendants' Motion to Amend its First Amended Answer and Counterclaims. Defendants filed a Motion for Summary Judgment seeking an order invalidating all of the Plaintiffs' asserted patents. Plaintiffs filed a Motion for Summary Judgment seeking to invalidate select patent claims from one of Defendants' asserted patents.   On June 24, 2013, Defendants filed for covered business method (“CBM”) post-grant reviews of the validity of the Plaintiff's asserted patents at the US Patent and Trademark Office ("USPTO").  On June 25, 2013, Defendants filed a Motion to Stay the case pending the outcome of the CBM post-grant reviews.  The Court denied Plaintiffs' Motion for Summary Judgment. On December 23, 2013, the US Patent Office instituted Defendants’ CBM Petitions, thereby agreeing to review the validity of Plaintiff's patents. Additionally, on January 17, 2014, the Court granted Defendants’ Motion to Stay the litigation pending the outcome of the CBM review proceedings. On December 22, 2014, the Patent Trial and Appeal Board (“PTAB”) issued final written decisions on Defendants’ CBM Petition holding that all claims of each of the Plaintiffs' four patents are unpatentable. On January 6, 2015, the Court issued an Endorsed Order requesting the parties file, on or before March 31, 2015, a joint report advising how the parties intend to proceed in this matter. Unless appeals are filed and the PTAB’s decisions are reversed, Defendants will have no liability for infringement of the asserted patents.

DataTreasury Corporation v. Fidelity National Information Services, Inc. et. al.

This patent infringement lawsuit was filed on May 28, 2013 by DataTreasury Corporation (the “Plaintiff”) against Fidelity National Information Services, Inc. (the “Company”) and multiple customer banks in the US District Court for the Eastern District of Texas, Marshall Division.  Plaintiff alleges that the Company infringes the patents at issue by making, using, selling or offering to sell systems and methods for image-based check processing. The Complaint seeks damages, injunctive relief and attorneys' fees for the alleged infringement of two patents.  On October 25, 2013, the Company filed for CBM post-grant reviews of the validity of the Plaintiff's asserted patents at the USPTO.  The Company filed a Motion to Stay the case pending the outcome of the CBM post-grant reviews. On April 29, 2014, the USPTO instituted the Company's two CBM petitions. On August 14, 2014, the Court granted the Company's Motion to Stay the litigation pending the outcome of the CBM review proceedings. The parties are waiting for the PTAB to issue final written decisions in the CBM post-grant review proceedings. An estimate of a possible loss or range of possible loss, if any, for this action cannot be made at this time.

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 clients' use of the Company's software applications or services. 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, and would recognize any such losses when they are estimable. In addition, the Company warrants to clients 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.

Leases

The Company leases certain of its property under leases which expire at various dates. Several of these agreements include escalation clauses and provide for purchases and renewal options for periods ranging from one to five years.

Future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending December 31, 2019, and thereafter, in the aggregate, are as follows (in millions):

2015	$	62.3
2016	56.7
2017	45.2
2018	34.2
2019	23.9
Thereafter	44.3
Total	$	266.6

30

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

In addition, the Company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $4.6 million per year that renew on a short-term basis. See Note 7 for information on the Company's capital lease obligations.

Rent expense incurred under all operating leases during the years ended December 31, 2014, 2013 and 2012, was $85.3 million, $80.0 million and $86.0 million, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was rent expense of $0.6 million for the year ended December 31, 2012. There was no rent expense in discontinued operations for the years ended December 31, 2014 and 2013.

Data Processing and Maintenance Services Agreements.  The Company has agreements with various vendors, which expire between 2015 and 2023, for portions of its computer data processing operations and related functions. The Company’s estimated aggregate contractual obligation remaining under these agreements was approximately $533.7 million as of December 31, 2014. 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 data processing needs.

(16)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 varying matching amounts as specified in the ESPP. The Company recorded expense of $26.0 million, $22.0 million and $19.9 million, respectively, for the years ended December 31, 2014, 2013 and 2012, relating to the participation of FIS employees in the ESPP.

401(k) Profit Sharing Plan

The Company’s employees are covered by a qualified 401(k) plan. Eligible employees may contribute up to 40% of their pretax annual compensation, up to the 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 recorded expense of $35.6 million, $31.1 million and $28.2 million, respectively, for the years ended December 31, 2014, 2013 and 2012, relating to the participation of FIS employees in the 401(k) plan.

Stock Compensation Plans

In 2008, the Company adopted the FIS 2008 Omnibus Incentive Plan ("FIS Plan"). On October 1, 2009, in conjunction with the Metavante acquisition, the Company assumed certain vested and unvested options and restricted stock awards that the employees of Metavante held as of the acquisition date in the Amended and Restated Metavante 2007 Equity Incentive Plan ("MV Plan"). On May 29, 2013, the FIS Plan was amended and restated and combined with the MV Plan ("FIS Restated Plan"). The restatement authorized an additional 6.0 million shares for issuances under the plan, which was approved by stockholders in 2013.

A summary of the options granted (all of which vest over three years), outstanding and available for grant under these plans follows (in millions):

31

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	FIS Plan	MV Plan	FIS Restated Plan
Available for grant as of December 31, 2012	1.8	8.5	—
Granted in 2013	—	—	4.2
Outstanding as of December 31, 2013	—	—	13.5
Available for grant as of December 31, 2013	—	—	11.7
Granted in 2014	—	—	4.4
Outstanding as of December 31, 2014	—	—	15.3
Available for grant as of December 31, 2014	—	—	6.7

The Company also has fully vested options outstanding related to a previous stock incentive plan as well as options assumed in connection with merger and acquisition transactions and the transaction through which FIS became independent of FNF. As of December 31, 2014 and 2013, there were 0.1 million and 0.3 million options outstanding, respectively, related to these plans that expire over periods through 2017.

The following schedule summarizes the stock option activity for the years ended December 31, 2014, 2013 and 2012 (in millions except for per share amounts):

	Shares		Weighted Average Exercise Price
Balance, December 31, 2011	30.4		$	21.78
Granted	2.0		33.97
Exercised	(16.2	)	20.62
Cancelled	(0.4	)	25.50
Balance, December 31, 2012	15.8		24.39
Granted	4.2		48.64
Exercised	(6.1	)	22.64
Cancelled	(0.1	)	31.58
Balance, December 31, 2013	13.8		32.49
Granted	4.4		58.72
Exercised	(2.7	)	22.69
Cancelled	(0.1	)	46.21
Balance, December 31, 2014	15.4		41.56

The intrinsic value of options exercised during the years ended December 31, 2014, 2013 and 2012 was $92.5 million, $134.9 million and $202.3 million, respectively. The Company generally issues shares from treasury stock for stock options exercised.

The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2014:

32

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	Outstanding Options						Exercisable Options
Range of Exercise Price	Number of Options	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Intrinsic Value as of December 31, 2014 (a)		Number of Options	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Intrinsic Value as of December 31, 2014 (a)
	(In millions)				(In millions)		(In millions)				(In millions)
$ 0.00 - $22.55	1.7	1.83	$	20.05	$	69.9	1.7	1.83	$	20.05	$	69.9
$22.56 - $25.76	1.7	3.82	25.66		61.9		1.7	3.82	25.66		61.9
$25.77 - $27.40	2.0	2.81	27.10		69.2		2.0	2.81	27.10		69.2
$27.41 - $34.33	1.6	4.58	33.50		45.1		1.0	4.46	33.27		29.3
$34.34 - $48.75	4.1	5.83	48.66		55.6		0.0	5.14	39.54		0.6
$48.76 - $64.04	4.3	6.86	58.72		15.1		—	N/A	—		—
$  0.00 - $64.04	15.4	4.95	$	41.56	$	316.8	6.4	3.10	$	25.91	$	230.9

_________________________

(a) Intrinsic value is based on a closing stock price as of December 31, 2014 of $62.20.

The weighted average fair value of options granted during the years ended December 31, 2014, 2013 and 2012 was estimated to be $9.15, $7.85 and $8.08, respectively, using the Black-Scholes option pricing model with the assumptions below:

	2014		2013		2012
Risk free interest rate	1.4	%	1.0	%	0.6	%
Volatility	21.2	%	23.3	%	35.8	%
Dividend yield	1.6	%	1.8	%	2.4	%
Weighted average expected life (years)	4.2		4.2		4.3

The Company estimates future forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ from those estimates.  The Company bases the risk-free interest rate that is used in the stock option valuation 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 changes of the Company's common stock over the most recent period commensurate with the expected term of the option 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 expected future trends.

The Company granted a total of 0.8 million restricted stock shares at prices ranging from $52.85 to $64.04 on various dates in 2014. The Company granted a total of 0.8 million restricted stock shares at prices ranging from $36.49 to $52.19 on various dates in 2013. The Company granted a total of 1.3 million restricted stock shares at prices ranging from $30.70 to $34.89 on various dates in 2012. These shares were granted at the closing market price on the date of grant and vest annually over three years. As of December 31, 2014 and 2013, we have approximately 1.8 million and 2.3 million unvested restricted shares remaining.

The Company has provided for total stock compensation expense of $57.4 million, $57.4 million and $86.6 million for the years ended December 31, 2014, 2013 and 2012, respectively, which is included in selling, general, and administrative expense in the Consolidated Statements of Earnings, unless the expense is attributable to a discontinued operation. Of the total stock compensation expense, $1.7 million, $4.0 million and $2.8 million for 2014, 2013 and 2012, respectively, relates to liability based awards that will not be credited to additional paid in capital until issued.

As of December 31, 2014 and 2013, the total unrecognized compensation cost related to non-vested stock awards is $131.1 million and $108.0 million, respectively, which is expected to be recognized in pre-tax income over a weighted average period of 1.7 years and 1.7 years, respectively.

33

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

German Pension Plans

Our German operations have unfunded, defined benefit plan obligations. These obligations relate to benefits to be paid to German employees upon retirement. The accumulated benefit obligation as of December 31, 2014 and 2013, was $50.6 million and $44.9 million, respectively, and the projected benefit obligation was $51.6 million and $45.9 million, respectively. The plan remains unfunded as of December 31, 2014.

(17)Concentration of Risk

The Company generates a significant amount of revenues from large clients, however, no individual client accounted for 10% or more of total revenue in the years ended December 31, 2014, 2013 and 2012.

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents and trade receivables.

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 controls credit risk through monitoring procedures.

(18)     Segment Information

In March 2015, the Company finalized a reorganization and is streamlining its global operations in response to market conditions and to meet the demand of specific client needs more efficiently. As a result of these changes, information that the Company’s chief operating decision maker (“CODM”) regularly reviews for purposes of allocating resources and assessing performance has changed. Beginning in the first quarter of 2015, the Company began reporting its financial performance based on the three reportable segments described below.

The Company recast the summarized financial information shown in the following tables to conform to the way it internally manages and monitors segment performance beginning January 1, 2015.

As of and for the year ended December 31, 2014 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,858.8	$	2,557.3	$	(2.3	)	$	6,413.8
Operating expenses	2,544.0		2,170.4		428.8			5,143.2
Operating income	$	1,314.8	$	386.9	$	(431.1	)	1,270.6
Other income (expense) unallocated								(217.2		)
Income from continuing operations								$	1,053.4
Depreciation and amortization	$	216.3	$	158.8	$	251.2		$	626.3
Capital expenditures (1)	$	198.7	$	189.7	$	8.9		$	397.3
Total assets	$	9,049.2	$	4,135.8	$	1,327.5		$	14,512.5
Goodwill	$	6,785.8	$	2,091.8	$	—		$	8,877.6

(1) Capital expenditures include $26.1 million of capital leases.

As of and for the year ended December 31, 2013 (in millions):

34

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,712.0	$	2,353.9	$	(2.5	)	$	6,063.4
Operating expenses	2,424.4		2,003.9		572.2			5,000.5
Operating income	$	1,287.6	$	350.0	$	(574.7	)	1,062.9
Other income (expense) unallocated								(239.4		)
Income from continuing operations								$	823.5
Depreciation and amortization	$	199.9	$	151.0	$	263.7		$	614.6
Capital expenditures (1)	$	198.0	$	144.6	$	10.5		$	353.1
Total assets	$	8,776.1	$	3,783.2	$	1,399.2		$	13,958.5
Goodwill	$	6,711.6	$	1,788.4	$	—		$	8,500.0

(1) Capital expenditures include $16.9 million of capital leases.

As of and for the year ended December 31, 2012 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,554.0	$	2,241.6	$	0.2		$	5,795.8
Operating expenses	2,342.0		1,924.4		453.1			4,719.5
Operating income	$	1,212.0	$	317.2	$	(452.9	)	1,076.3
Other income (expense) unallocated								(248.0		)
Income from continuing operations								$	828.3
Depreciation and amortization (1)	$	202.6	$	157.5	$	262.7		$	622.8
Capital expenditures	$	170.5	$	116.8	$	10.1		$	297.4
Total assets	$	8,411.2	$	3,579.4	$	1,550.2		$	13,540.8
Goodwill	$	6,596.0	$	1,785.5	$	—		$	8,381.5

(1) Depreciation and amortization excludes $10.0 million of discontinued operations from our Healthcare Benefit Solutions Business.

Total assets as of December 31, 2014, 2013 and 2012 exclude $8.0 million, $1.7 million and $3.7 million, respectively related to discontinued operations.

Integrated Financial Solutions

The IFS segment is focused on serving the North American regional and community bank market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services, capitalizing on the continuing trend to outsource these solutions. IFS’ primary software applications function as the underlying infrastructure of a financial institution's processing environment. These applications include core bank processing software, which banks use to maintain the primary records of their customer accounts, and complementary applications and services that interact directly with the core processing applications. Clients in this segment include regional and community banks, credit unions, commercial lenders, independent community and savings institutions as well as government institutions, merchants and other commercial organizations. This market is primarily served through integrated solutions delivered from leveraged platforms and characterized by multi-year processing contracts that generate highly recurring revenues.

Global Financial Solutions

The GFS segment is focused on serving the largest financial institutions around the globe with banking and payments solutions, consulting and transformation services. GFS clients include the largest global financial institutions, including those headquartered in the United States, as well as all international financial institutions we serve as clients in more than 100 countries around the world. These institutions face unique business and regulatory challenges and account for the majority of financial institution information technology spend globally. The purchasing patterns of GFS clients vary from those of IFS clients who typically purchase solutions on an outsourced basis. GFS clients purchase our solutions and services in various

35

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

ways including licensing and managing technology “in-house”, using consulting and third party services providers as well as fully outsourced end-to-end solutions. We have long established relationships with many of these financial institutions that generate significant recurring revenue and reoccurring service revenue. This segment also includes the Company's consolidated Brazilian Venture (Note 5). Clients in Brazil, Germany and the United Kingdom accounted for the majority of the revenues from non-U.S. based clients for all periods presented. Included in this segment are long-term assets, excluding goodwill and other intangible assets, located outside of the United States totaling $379.3 million, $358.7 million and $371.6 million as of December 31, 2014, 2013 and 2012, respectively. These assets are predominantly located in Brazil, India, Germany and the United Kingdom.

Corporate and Other

The Corporate and Other segment consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments. These costs relate to marketing, corporate finance and accounting, human resources, legal, and amortization of acquisition-related intangibles and other costs that are not considered when management evaluates revenue generating segment performance, such as acquisition integration and severance costs. The composition of our Corporate and Other segment has changed with the new segment presentation in 2015. Specifically, costs such as sales, finance, human resources, risk and information security and other administrative support functions that are directly attributable to IFS or GFS are recorded to those reportable segments.

During 2014, the Company recorded transaction and other costs, including integration activity, related to recent acquisitions and other severance costs of $21.5 million. Additional charges of $129.1 million were recorded in 2013 related to the Capco contingent consideration adjustments discussed in Note 6. During 2012, the Company recorded compensation charges of $43.2 million in payments and accelerated vesting of certain stock option and restricted stock grants triggered by changes in responsibility or separation from the Company of certain executives. These charges are included in selling, general and administrative expenses in the Consolidated Statements of Earnings and the Corporate and Other segment.

(19)     Other Equity Programs and Stock Rights

Stock Purchase Rights

WPM, L.P., a Delaware limited partnership affiliated with Warburg Pincus Private Equity IX, L.P. (collectively “Warburg Pincus”) held a stock purchase right for FIS shares that originated from its initial investment in our subsidiary, Metavante. During the year ended December 31, 2012, 0.2 million shares were issued relative to this purchase right. On March 6, 2013, Warburg Pincus sold 19.3 million shares of FIS common stock in a secondary public offering, constituting substantially all its remaining ownership position, other than shares it was still entitled to buy under the purchase right agreement. As of May 23, 2013, in exchange for a cash payment of $4.9 million by FIS to Warburg Pincus, the parties terminated the stock purchase right agreement and the Warburg shareholders agreement, thereby eliminating any further rights and obligations with respect thereto. The cash payment was calculated as the value, on a net settlement exercise basis, of the purchase rights remaining under the agreement on the termination date. This payment was recorded as a reduction to additional paid in capital.

Share Repurchase Program

Our Board of Directors has approved a series of plans authorizing repurchases of our common stock in the open market at prevailing market prices or in privately negotiated transactions, the most current of which on January 29, 2014, authorized repurchases of up to $2.0 billion through December 31, 2017. Approximately $1,524.5 million of plan capacity remained available for repurchases as of December 31, 2014.

The table below summarizes annual share repurchase activity under these plans (in millions, except per share amounts):

36

FIDELITY NATIONAL INFORMATION SERVICES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

				Total cost of shares
				purchased as part of
	Total number of	Average price		publicly announced
Year ended	shares purchased	paid per share		plans or programs
December 31, 2014	8.7	$	54.89	$	475.5
December 31, 2013	10.7	$	44.58	$	475.9
December 31, 2012 *	14.0	$	32.24	$	451.4
December 31, 2011	15.0	$	26.61	$	399.2
December 31, 2010	1.4	$	22.97	$	32.2

* Includes the repurchase of 5.7 million shares from WPM, L.P. for $200.0 million, or $35.03 per share, in December 2012.

37

XML

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Long Term Debt

Long-term debt as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Term Loan A-4, quarterly principal amortization (1)	$	1,300.0		$	1,962.5
Senior Notes due 2017, interest payable semi-annually at 1.450%	300.0			—
Senior Notes due 2018, interest payable semi-annually at 2.000%	250.0			250.0
Senior Notes due 2020, interest payable semi-annually at 7.875%	—			500.0
Senior Notes due 2022, interest payable semi-annually at 5.000%	700.0			700.0
Senior Notes due 2023, interest payable semi-annually at 3.500%	1,000.0			1,000.0
Senior Notes due 2024, interest payable semi-annually at 3.875%	700.0			—
Revolving Loan, (2)	795.0			29.0
Other	22.7			27.1
	5,067.7			4,468.6
Current portion	(13.1		)	(128.8		)
Long-term debt, excluding current portion	$	5,054.6		$	4,339.8

__________________________________________

(1) Interest on the Term Loans A-4 is generally payable at LIBOR plus an applicable margin of up to 1.75% based upon the Company's corporate credit ratings and the ratings on the FIS Credit Agreement. As of December 31, 2014, the weighted average interest rate on the Term Loans A-4 was 1.41%.

(2) Interest on the Revolving Loan is generally payable at LIBOR plus an applicable margin of up to 1.75% plus an unused commitment fee of up to 0.25%, each based upon the Company's corporate credit ratings and the ratings on the FIS Credit Agreement. As of December 31, 2014, the applicable margin on the Revolving Loan, excluding facility fees and unused commitment fees, was 1.25%.

Schedule of Principal Maturities of Long-term Debt

The following table summarizes the mandatory annual principal payments pursuant to the FIS Credit Agreement and the senior notes' indentures as of December 31, 2014 (in millions). There are no mandatory principal payments on the Revolving Loan and any balance outstanding on the Revolving Loan will be due and payable at its scheduled maturity date:

	Term Loan A-4		2017 Notes		2018 Notes		2022 Notes		2023 Notes		2024 Notes		Total
2015	—		—		—		—		—		—		$	—
2016	—		—		—		—		—		—		—
2017	1,300.0		300.0		—		—		—		—		1,600.0
2018	—		—		250.0		—		—		—		250.0
2019	—		—		—		—		—		—		—
Thereafter	—		—		—		700.0		1,000.0		700.0		2,400.0
Total	$	1,300.0	$	300.0	$	250.0	$	700.0	$	1,000.0	$	700.0	$	4,250.0

Schedule of Interest Rate Swap Transactions

As of December 31, 2014, we have entered into the following interest rate swap transactions converting a portion of the interest rate exposure on our Term and Revolving Loans from variable to fixed (in millions):

Effective date	Termination date	Notional amount		Bank pays variable rate of	FIS pays  fixed rate of
July 1, 2012	July 1, 2015	300.0		One Month LIBOR (1)	0.58	%	(2)
February 3, 2014	February 1, 2017	400.0		One Month LIBOR (1)	0.89	%	(2)
		$	700.0

___________________________________

(1) 0.17% in effect as of December 31, 2014.

(2) Does not include the applicable margin and facility fees paid to lenders on term loans and revolving loans as described above.

Schedule of Fair Value of Derivative Instruments

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

	December 31, 2014			December 31, 2013
	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate swap contracts	Accounts payable and accrued liabilities	$	0.7	Accounts payable and accrued liabilities	$	2.5
Interest rate swap contracts	Other long-term liabilities	0.9		Other long-term liabilities	1.9

Schedule Effect of Derivative Instruments on the Company's Condensed Consolidated Statements of Earnings

A summary of the effect of derivative instruments on the Company’s Consolidated Statements of Comprehensive Earnings and recognized in AOCE for the years ended December 31, 2014, 2013 and 2012 are as follows (in millions):

	Amount of gain (loss) recognized in AOCE on derivatives
Derivatives in Cash Flow Hedging Relationships	2014			2013		2012
Interest rate swap contracts	$	(3.5	)	$	0.5	$	(11.0	)

	Amount of gain (loss) reclassified from AOCE into income
Location of gain (loss) reclassified from AOCE into income	2014			2013			2012
Interest expense	$	(6.3	)	$	(5.5	)	$	(7.7	)

XML

Acquisitions (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			1 Months Ended							12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Mar. 31, 2013	Oct. 31, 2012	Apr. 30, 2012	Dec. 31, 2013	Dec. 31, 2010	Dec. 31, 2011	Sep. 30, 2014
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 595.2	$ 150.5	$ 63.6
Clear2Pay NV [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				461.5
Clear2Pay NV [Member] | Accounts Payable and Accrued Liabilities [Member]
Business Acquisition [Line Items]
Derivative Liability, Fair Value, Gross Liability													16.2
Reliance Financial Corporation [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred					110.0
Credit Management Solutions, Inc. [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred						29.0
mFoundry [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred							115.0
ProNet Solutions, Inc. [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred								22.3
Integrated Compliance Solutions LLC [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred									20.2
Memento Inc. [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred									24.9
Capco [Member]
Business Acquisition [Line Items]
Payments to acquire businesses, gross											297.8
Business combination, contingent consideration, liability	103.3										113.7
Additional charges related to contingent consideration		129.1								85.2
Maximum aggregate payout, employee incentive plan										43.4	67.8
Capco [Member] | New Hires and Promotions Incentive Plan [Member]
Business Acquisition [Line Items]
Additional charges related to contingent consideration										18.1
Scenario, Previously Reported [Member] | Capco [Member]
Business Acquisition [Line Items]
Additional charges related to contingent consideration		$ 43.9										$ (22.3)

XML

Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2015
Summary of Significant Accounting Policies (Textuals) [Abstract]
Cash and cash equivalents	$ 492.8	$ 547.5	$ 517.6	$ 415.5
Fair Value Option Aggregate Differences Long Term Debt Instruments	63.8	1.5
Notional amount	700.0
Unbilled Receivables, Current	37.2
Concentration Risk, Percentage	10.00%	10.00%	10.00%
Accrued claims payable	14.5	15.2
Accrued claims recoverable	20.4	18.6
Check guarantee losses, net of anticipated recoveries excluding service fees	57.2	57.3	54.7
Amount paid to merchant customers, net of amounts recovered from check writers	51.9	53.7	53.0
Purchase of common shares, shares	4.4	4.2	2.1
Sales Revenue, Net [Member] | Geographic Concentration Risk [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Concentration Risk, Percentage	22.00%	21.00%	20.00%
Sales Revenue, Net [Member] | Product Concentration Risk [Member] | Processing Services [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Concentration Risk, Percentage	75.00%	76.00%	80.00%
Sales Revenue, Net [Member] | Product Concentration Risk [Member] | Professional Services [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Concentration Risk, Percentage	15.00%	12.00%	9.00%
Sales Revenue, Net [Member] | Product Concentration Risk [Member] | Software Licensing [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Concentration Risk, Percentage	7.00%	8.00%	8.00%
Sales Revenue, Net [Member] | Product Concentration Risk [Member] | Hardware and Other Miscellaneous [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Concentration Risk, Percentage	3.00%
Sales Revenue, Net, Software Licenses [Member] | Product Concentration Risk [Member] | Professional Services [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Concentration Risk, Percentage	70.00%
Software [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Estimated useful life	5 years
Software [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Estimated useful life	10 years
Building [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Estimated useful life	30 years
Furniture and Fixtures [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Estimated useful life	3 years
Furniture fixture and computer equipment [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Estimated useful life	7 years
Customer Relationships [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Expected customer attrition period (years)	10 years
Customer Relationships [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	5 years
Customer Relationships [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	10 years
Software [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	3 years
Software [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Intangible assets, estimated useful lives	10 years
Settlement Deposits [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Short-term Investments	139.3
Scenario, Forecast [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Unbilled Receivables, Current					41.6
Foreign Exchange Contract [Member] | Forward Contracts [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Notional amount	85.4	57.3
Foreign Entities [Member]
Summary of Significant Accounting Policies (Textuals) [Abstract]
Cash and cash equivalents	$ 310.5

XML

Income Taxes (Schedule of Components of Income Tax Expense (Benefit) and Pre-tax Income from Continuing Operations) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current provision (benefit):
Federal	$ 248.2	$ 232.2	$ 183.1
State	32.1	27.2	38.7
Foreign	63.7	49.3	33.2
Total current provision	344.0	308.7	255.0
Deferred provision (benefit):
Federal	(3.6)	0.2	14.5
State	(2.3)	(1.1)	0.8
Foreign	(3.0)	1.1	(0.2)
Total deferred provision	(8.9)	0.2	15.1
Total provision for income taxes	335.1	308.9	270.1
Provision for income taxes is based on pre-tax income from continuing operations
United States	789.3	753.8	653.2
Foreign	264.1	69.7	175.1
Earnings from continuing operations before income taxes	$ 1,053.4	$ 823.5	$ 828.3

XML

Property and Equipment (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Capital Lease Obligations	$ 26,100,000	$ 16,900,000
Depreciation and amortization	626,300,000	614,600,000	632,800,000
Discontinued Operations [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization	0	0	1,300,000
Property Plant and Equipment and Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 130,100,000	$ 119,000,000	$ 117,800,000

XML

Commitments and Contingencies (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended
	Jan. 05, 2012 patent	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating Leased Assets [Line Items]
Number of Patents Infringed	3
Rent expense incurred under all operating leases		$ 85,300,000	$ 80,000,000	$ 86,000,000
Estimated Aggregate Contractual Obligation Under Data Processing And Maintenance Services Agreements		533,700,000
Furniture fixture and computer equipment [Member]
Operating Leased Assets [Line Items]
Operating Lease Annual Lease Payments		4,600,000
Minimum [Member]
Operating Leased Assets [Line Items]
Operating leases, purchase option and renewal period		1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Operating leases, purchase option and renewal period		5 years
Discontinued Operations [Member]
Operating Leased Assets [Line Items]
Rent expense incurred under all operating leases		$ 0	$ 0	$ 600,000

XML

Summary of Significant Accounting Policies (Roll Forward of the Allowance For Doubtful Accounts) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for doubtful accounts beginning	$ (16.2)	$ (19.9)	$ (33.1)
Bad debt expense	(8.5)	(3.2)	(5.4)
Write-offs, net of recoveries	9.1	6.9	18.6
Allowance for doubtful accounts ending	$ (15.6)	$ (16.2)	$ (19.9)

XML

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Land	$	28.1		$	28.1
Buildings	186.9			182.0
Leasehold improvements	111.7			97.0
Computer equipment	718.6			629.5
Furniture, fixtures, and other equipment	159.1			140.8
	1,204.4			1,077.4
Accumulated depreciation and amortization	(721.1		)	(638.4		)
	$	483.3		$	439.0

XML

Employee Benefit Plans (Schedule of Options Granted) (Details) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Options	15.4	13.8	15.8	30.4
FIS Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options available for grant, beginning	0	1.8
Granted in period	0	0
Number of Options	0	0
Options available for grant, ending	0	0
MV Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options available for grant, beginning	0	8.5
Granted in period	0	0
Number of Options	0	0
Options available for grant, ending	0	0
FIS Restated Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options available for grant, beginning	11.7	0
Granted in period	4.4	4.2
Number of Options	15.3	13.5
Options available for grant, ending	6.7	11.7

XML

Income Taxes (Schedule of Deferred Income Tax Assets and Liabilities) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Deferred income tax assets:
Net operating loss carryforwards	$ 183.2	$ 155.8
Employee benefit accruals	55.5	62.0
Deferred revenue	43.7	38.0
Foreign currency translation adjustment	28.9	24.4
Accruals	27.1	30.0
Foreign tax credit carryforwards	12.7	24.4
State taxes	11.8	10.6
Allowance for doubtful accounts	3.6	4.4
Interest rate swaps	0.5	1.5
Total gross deferred income tax assets	367.0	351.1
Less valuation allowance	(121.7)	(97.7)
Total deferred income tax assets	245.3	253.4
Deferred income tax liabilities:
Amortization of goodwill and intangible assets	899.5	871.6
Deferred contract costs	91.1	82.2
Depreciation	48.4	49.1
Other	7.5	6.8
Total deferred income tax liabilities	1,046.5	1,009.7
Net deferred income tax liability	$ 801.2	$ 756.3

XML

Goodwill (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Changes in goodwill, net of purchase accounting adjustments
Beginning balance	$ 8,500.0	$ 8,381.5
Goodwill, acquired during period	404.0	118.5
Purchase price and foreign currency adjustments	(26.4)	0
Ending balance	8,877.6	8,500.0
IFS [Member]
Changes in goodwill, net of purchase accounting adjustments
Beginning balance	6,711.6	6,596.0
Goodwill, acquired during period	74.2	115.7
Purchase price and foreign currency adjustments	0	(0.1)
Ending balance	6,785.8	6,711.6
GFS [Member]
Changes in goodwill, net of purchase accounting adjustments
Beginning balance	1,788.4	1,785.5
Goodwill, acquired during period	329.8	2.8
Purchase price and foreign currency adjustments	(26.4)	0.1
Ending balance	$ 2,091.8	$ 1,788.4

XML

Income Taxes (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Examination [Line Items]
Income taxes receivable (payable)	$ 12.0	$ 30.0
Net Operating Loss Carryforwards	183.2	155.8
Foreign net operating loss carryforwards resulting in deferred tax assets	157.1	138.0
Foreign tax credit carryforwards	12.7	24.4
Unrecognized Tax Benefits	18.4	29.2	40.4
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	13.1	19.3
Unrecognized Tax Benefits Interest Expense Recognized	1.8	3.1	3.7
Unrecognized Tax Benefits Interest And Penalties Accrued	7.9	12.4
Unrecognized Tax Benefits that may be recognized during the next twelve month period	2.7
Federal and State
Income Tax Examination [Line Items]
Net Operating Loss Carryforwards	26.1	17.8
State and Local Jurisdiction [Member]
Income Tax Examination [Line Items]
Valuation allowance against net operating loss deferred tax assets	8.8	11.6
Foreign Tax Authority [Member]
Income Tax Examination [Line Items]
Valuation allowance against net operating loss deferred tax assets	$ 112.9	$ 86.1

XML

Segment Information (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Segment Reporting Information [Line Items]
Amount related to discontinued operations that is excluded from total asset	$ 8.0	$ 1.7	$ 3.7	$ 1.7
Selling, General and Administrative Expense	810.5	907.8	763.3
Global Financial Solutions [Member]
Segment Reporting Information [Line Items]
Long-term assets, excluding goodwill and other intangible assets	379.3	358.7	371.6	358.7
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Selling, General and Administrative Expense			43.2
Integration Activities [Member]
Segment Reporting Information [Line Items]
Other Restructuring Costs	21.5
Capco [Member]
Segment Reporting Information [Line Items]
Additional charges related to contingent consideration		$ 129.1		$ 85.2

XML

Employee Benefit Plans (Schedule of Stock Options Outstanding and Exercisable) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Stock options outstanding and exercisable
Exercise price range lower limit (in dollars per share)	$ 0
Exercise price range upper limit (in dollars per share)	$ 64.04
Number of Options	15.4
Weighted Average Remaining Contractual Life	4 years 11 months 12 days
Weighted Average Exercise Price (in dollars per share)	$ 41.56
Intrinsic Value	$ 316.8
Number of Options	6.4
Weighted Average Remaining Contractual Life	3 years 1 month 6 days
Weighted Average Exercise Price (in dollars per share)	$ 25.91
Intrinsic Value	230.9
Closing stock price (in dollars per share)	$ 62.20
Range of Exercise Price - $ 0.00 - $22.55 [Member]
Stock options outstanding and exercisable
Exercise price range lower limit (in dollars per share)	$ 0
Exercise price range upper limit (in dollars per share)	$ 22.55
Number of Options	1.7
Weighted Average Remaining Contractual Life	1 year 9 months 29 days
Weighted Average Exercise Price (in dollars per share)	$ 20.05
Intrinsic Value	69.9
Number of Options	1.7
Weighted Average Remaining Contractual Life	1 year 9 months 29 days
Weighted Average Exercise Price (in dollars per share)	$ 20.05
Intrinsic Value	69.9
Range of Exercise Price - $22.56 - $25.76 [Member]
Stock options outstanding and exercisable
Exercise price range lower limit (in dollars per share)	$ 22.56
Exercise price range upper limit (in dollars per share)	$ 25.76
Number of Options	1.7
Weighted Average Remaining Contractual Life	3 years 9 months 25 days
Weighted Average Exercise Price (in dollars per share)	$ 25.66
Intrinsic Value	61.9
Number of Options	1.7
Weighted Average Remaining Contractual Life	3 years 9 months 25 days
Weighted Average Exercise Price (in dollars per share)	$ 25.66
Intrinsic Value	61.9
Range of Exercise Price - $25.77 - $27.40 [Member]
Stock options outstanding and exercisable
Exercise price range lower limit (in dollars per share)	$ 25.77
Exercise price range upper limit (in dollars per share)	$ 27.40
Number of Options	2.0
Weighted Average Remaining Contractual Life	2 years 9 months 22 days
Weighted Average Exercise Price (in dollars per share)	$ 27.10
Intrinsic Value	69.2
Number of Options	2.0
Weighted Average Remaining Contractual Life	2 years 9 months 22 days
Weighted Average Exercise Price (in dollars per share)	$ 27.10
Intrinsic Value	69.2
Range of Exercise Price - $27.41 - $34.33 [Member]
Stock options outstanding and exercisable
Exercise price range lower limit (in dollars per share)	$ 27.41
Exercise price range upper limit (in dollars per share)	$ 34.33
Number of Options	1.6
Weighted Average Remaining Contractual Life	4 years 6 months 29 days
Weighted Average Exercise Price (in dollars per share)	$ 33.50
Intrinsic Value	45.1
Number of Options	1.0
Weighted Average Remaining Contractual Life	4 years 5 months 16 days
Weighted Average Exercise Price (in dollars per share)	$ 33.27
Intrinsic Value	29.3
Range of Exercise Price - $34.34 - $48.75 [Member]
Stock options outstanding and exercisable
Exercise price range lower limit (in dollars per share)	$ 34.34
Exercise price range upper limit (in dollars per share)	$ 48.75
Number of Options	4.1
Weighted Average Remaining Contractual Life	5 years 9 months 29 days
Weighted Average Exercise Price (in dollars per share)	$ 48.66
Intrinsic Value	55.6
Number of Options	0
Weighted Average Remaining Contractual Life	5 years 1 month 20 days
Weighted Average Exercise Price (in dollars per share)	$ 39.54
Intrinsic Value	0.6
Range of Exercise Price - $48.76 - $64.04 [Member]
Stock options outstanding and exercisable
Exercise price range lower limit (in dollars per share)	$ 48.76
Exercise price range upper limit (in dollars per share)	$ 64.04
Number of Options	4.3
Weighted Average Remaining Contractual Life	6 years 10 months 10 days
Weighted Average Exercise Price (in dollars per share)	$ 58.72
Intrinsic Value	15.1
Number of Options	0
Weighted Average Exercise Price (in dollars per share)	$ 0.00
Intrinsic Value	$ 0

XML

Other Equity Programs and Stock Rights (Narrative) (Details) (USD $) Share data in Millions, unless otherwise specified	May 23, 2013	Mar. 06, 2013	Dec. 31, 2012	Dec. 31, 2014	Jan. 29, 2014
Equity, Class of Treasury Stock [Line Items]
Number of shares issued			0.2
Shares Sold In Secondary Public Offering By Third Party Ownership Group		19.3
Payment in Settlement of Stock Purchase Right	$ 4,900,000
2014 Stock Purchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount					2,000,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 1,524,500,000

XML

Commitments and Contingencies (Schedule of Future Minimum Operating Lease Payments for Leases) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014
Future minimum operating lease payments for leases
2015	$ 62.3
2016	56.7
2017	45.2
2018	34.2
2019	23.9
Thereafter	44.3
Total	$ 266.6

XML

Income Taxes (Schedule of Components of Income Tax Expense (Benefit)) (Allocation) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Expense (Benefit), Intraperiod Tax Allocation [Abstract]
Tax expense per statements of earnings	$ 335.1	$ 308.9	$ 270.1
Tax expense attributable to discontinued operations	(3.9)	2.3	68.2
Unrealized (loss) gain on investments and derivatives	1.0	0.4	0.7
Unrealized (loss) gain on foreign currency translation	(4.6)	(5.8)	(0.4)
Other components of other comprehensive income	(3.1)	(0.1)	(2.0)
Total income tax expense (benefit) allocated to other comprehensive income	(6.7)	(5.5)	(1.7)
Tax benefit from exercise of stock options	(39.5)	(40.4)	(31.1)
Total income tax expense	$ 285.0	$ 265.3	$ 305.5

XML

Concentration of Risk

12 Months Ended

Dec. 31, 2014

Risks and Uncertainties [Abstract]

Concentration of Risk

Concentration of Risk

The Company generates a significant amount of revenues from large clients, however, no individual client accounted for 10% or more of total revenue in the years ended December 31, 2014, 2013 and 2012.

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents and trade receivables.

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 controls credit risk through monitoring procedures.

XML

Discontinued Operations (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			0 Months Ended	12 Months Ended	4 Months Ended	0 Months Ended	1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Aug. 15, 2012	Dec. 31, 2011 employee	Apr. 30, 2013	Jan. 02, 2010	May 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from disposition	$ 0	$ 26.8	$ 339.5
Expenses related to transition of Participacoes' processing volume	(11.4)	3.1	(77.1)
Pending Litigation [Member] | Secretariat of the Federal Revenue Bureau of Brazil [Member] | Potential Tax Liability [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss Contingency, Pending Claims, Number	4
Loss Contingency, Damages Sought, Value	8.0
Loss Contingency, New Claims Filed, Number	26
Loss Contingency, Damages Sought	60.0
Loss Contingency, Range of Possible Loss, Maximum	68.0
Loss Contingency, Total Pending and Potential Pending Claims, Number	30
Healthcare Benefit Solutions Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from disposition				332.2
Pre-tax gain on sale				22.0
Tax expense				78.3
Expenses related to transition of Participacoes' processing volume	0	0.1	(47.8)
Brazil Item Processing And Remittance Services Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expenses related to transition of Participacoes' processing volume	10.1	23.1	47.5
Number of Employees Terminated					2,600
Number of active claims	790
Brazil Item Processing And Remittance Services Operations [Member] | Pending Litigation [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Charges to increase accrual for potential labor claims	5.1	15.7	39.1
Court Ordered Deposits On Potential Future Labor Claims	13.8
Accrued liability for labor claims	17.6
Brazil Item Processing And Remittance Services Operations [Member] | Pending Litigation [Member] | Maximum [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Period From Termination Date Employees Can File Claims						2 years
ClearPar Automated Syndicated Loan Trade Settlement Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from disposition							71.5
ClearPar [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain on sale								26.8
Expenses related to transition of Participacoes' processing volume	0	16.7	0
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax								$ 16.7

XML

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Options Granted

A summary of the options granted (all of which vest over three years), outstanding and available for grant under these plans follows (in millions):

	FIS Plan	MV Plan	FIS Restated Plan
Available for grant as of December 31, 2012	1.8	8.5	—
Granted in 2013	—	—	4.2
Outstanding as of December 31, 2013	—	—	13.5
Available for grant as of December 31, 2013	—	—	11.7
Granted in 2014	—	—	4.4
Outstanding as of December 31, 2014	—	—	15.3
Available for grant as of December 31, 2014	—	—	6.7

Schedule of Stock Option Activity

The following schedule summarizes the stock option activity for the years ended December 31, 2014, 2013 and 2012 (in millions except for per share amounts):

	Shares		Weighted Average Exercise Price
Balance, December 31, 2011	30.4		$	21.78
Granted	2.0		33.97
Exercised	(16.2	)	20.62
Cancelled	(0.4	)	25.50
Balance, December 31, 2012	15.8		24.39
Granted	4.2		48.64
Exercised	(6.1	)	22.64
Cancelled	(0.1	)	31.58
Balance, December 31, 2013	13.8		32.49
Granted	4.4		58.72
Exercised	(2.7	)	22.69
Cancelled	(0.1	)	46.21
Balance, December 31, 2014	15.4		41.56

Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2014:

	Outstanding Options						Exercisable Options
Range of Exercise Price	Number of Options	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Intrinsic Value as of December 31, 2014 (a)		Number of Options	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Intrinsic Value as of December 31, 2014 (a)
	(In millions)				(In millions)		(In millions)				(In millions)
$ 0.00 - $22.55	1.7	1.83	$	20.05	$	69.9	1.7	1.83	$	20.05	$	69.9
$22.56 - $25.76	1.7	3.82	25.66		61.9		1.7	3.82	25.66		61.9
$25.77 - $27.40	2.0	2.81	27.10		69.2		2.0	2.81	27.10		69.2
$27.41 - $34.33	1.6	4.58	33.50		45.1		1.0	4.46	33.27		29.3
$34.34 - $48.75	4.1	5.83	48.66		55.6		0.0	5.14	39.54		0.6
$48.76 - $64.04	4.3	6.86	58.72		15.1		—	N/A	—		—
$  0.00 - $64.04	15.4	4.95	$	41.56	$	316.8	6.4	3.10	$	25.91	$	230.9

_________________________

(a) Intrinsic value is based on a closing stock price as of December 31, 2014 of $62.20.

Schedule of Stock Option Valuation Assumptions

The weighted average fair value of options granted during the years ended December 31, 2014, 2013 and 2012 was estimated to be $9.15, $7.85 and $8.08, respectively, using the Black-Scholes option pricing model with the assumptions below:

	2014		2013		2012
Risk free interest rate	1.4	%	1.0	%	0.6	%
Volatility	21.2	%	23.3	%	35.8	%
Dividend yield	1.6	%	1.8	%	2.4	%
Weighted average expected life (years)	4.2		4.2		4.3

XML

Income Taxes (Schedule of Unrecognized Tax Benefits Roll Forward) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of gross amounts of unrecognized gross tax benefits
Amount of unrecognized Tax Benefits, Beginning Balance	$ 29.2	$ 40.4
Amount of decreases due to lapse of the applicable statute of limitations	(2.4)	(2.8)
Amount of decreases due to settlements	(14.1)	(12.7)
Increases as a result of tax positions taken in the current period	2.6
Increases as a result of tax positions taken in a prior period	3.1	4.3
Amount of unrecognized Tax Benefits, Ending Balance	$ 18.4	$ 29.2

XML

Deferred Contract Costs (Tables)

12 Months Ended

Dec. 31, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Deferred Contract Costs

Deferred contract costs as of December 31, 2014 and 2013 consists of the following (in millions):

	2014		2013
Installations and conversions in progress	$	17.9	$	10.9
Installations and conversions completed, net	90.8		107.9
Sales commissions and other, net	104.5		88.0
Total deferred contract costs	$	213.2	$	206.8

XML

Related Party Transactions (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2012
Related Party Transaction [Line Items]
Total related party revenues	$ 277.4	$ 296.2	$ 391.8
FNF Data [Member]
Related Party Transaction [Line Items]
Total related party revenues	0	0	30.2
Ceridian Data [Member]
Related Party Transaction [Line Items]
Total related party revenues	0	0	74.0
Equity Method Investment, Ownership Percentage				32.00%
Banco Bradesco [Member]
Related Party Transaction [Line Items]
Joint Venture, Ownership Percentage	51.00%
Debt Instrument, Redemption Period	10 years
Joint Venture, Triggering Event, Payments Related to Triggering Event	5.5	9.9
Due to Affiliate	42.9	48.2
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	121.5
Total related party revenues	277.4	296.2	287.6
Number Of Card Process	58,000,000
Banco Bradesco [Member] | Contract-Based Intangible Assets [Member]
Related Party Transaction [Line Items]
Unamortized contract intangible asset	147.0
Administrative Corporate Support and Other Services [Member] | FNF Data [Member]
Related Party Transaction [Line Items]
Total related party expenses			3.4
Employee Benefit Services [Member] | Ceridian Data [Member]
Related Party Transaction [Line Items]
Total related party expenses			0.6
One-time Dividend Payment [Member] | Banco Bradesco [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	34.8
Unfavorable Currency Impact [Member] | Banco Bradesco [Member]
Related Party Transaction [Line Items]
Total related party revenues	$ 29.7

XML

Long-Term Debt (Schedule of Fair Value of Derivative Instruments) (Details) (Interest Rate Swap [Member], USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Member]
Fair value of derivative instruments
Interest rate swap contracts	$ 0.7	$ 2.5
Other Long-term Liabilities [Member]
Fair value of derivative instruments
Interest rate swap contracts	$ 0.9	$ 1.9

XML

Computer Software (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Computer Software
Computer software	$ 953,100,000	$ 847,600,000
Accumulated amortization	(699,200,000)	(701,000,000)
Computer software, net of accumulated amortization	893,400,000	856,500,000
Amortization expense for computer software	215,000,000	233,100,000	246,400,000
Software [Member]
Computer Software
Software from business acquisitions	519,200,000	535,600,000
Computer software	1,592,600,000	1,557,500,000
Purchased software	120,300,000	174,300,000
Amortization expense for computer software	209,700,000	195,800,000	195,500,000
Discontinued Operations [Member] | Software [Member]
Computer Software
Amortization expense for computer software	$ 0	$ 0	$ 3,100,000

XML

Summary of Significant Accounting Policies (Schedule of Net Earnings Per Share) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Net Earnings per Share
Earnings from continuing operations attributable to FIS, net of tax	$ 690.5		$ 490.0		$ 538.3
Earnings (loss) from discontinued operations attributable to FIS, net of tax	(11.4)		3.1		(77.1)
Net earnings attributable to FIS common stockholders	$ 679.1		$ 493.1		$ 461.2
Weighted average shares outstanding — basic	284.8		289.7		291.8
Plus: Common stock equivalent shares	3.9		4.5		5.7
Weighted average shares outstanding — diluted	288.7		294.2		297.5
Net earnings per share — basic from continuing operations attributable to FIS common stockholders (in dollars per share)	$ 2.42		$ 1.69		$ 1.84
Net earnings (loss) per share — basic from discontinued operations attributable to FIS common stockholders (in dollars per share)	$ (0.04)		$ 0.01		$ (0.26)
Net earnings per share — basic attributable to FIS common stockholders (in dollars per share)	$ 2.38	[1]	$ 1.70	[1]	$ 1.58	[1]
Net earnings per share — diluted from continuing operations attributable to FIS common stockholders (in dollars per share)	$ 2.39		$ 1.67		$ 1.81
Net earnings (loss) per share — diluted from discontinued operations attributable to FIS common stockholders (in dollars per share)	$ (0.04)		$ 0.01		$ (0.26)
Net earnings per share — diluted attributable to FIS common stockholders (in dollars per share)	$ 2.35	[1]	$ 1.68	[1]	$ 1.55	[1]

[1] Amounts may not sum due to rounding.

XML

Basis of Presentation

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

FIS is a leading global service provider dedicated to banking and payments technologies, outsourcing and related services. We offer financial institution core processing and ancillary services, card issuer and transaction processing services and strategic consulting services globally.

In March 2015, FIS finalized a reorganization and is streamlining its global operations in response to market conditions and to meet the demand of specific client needs more efficiently. As a result of these changes, information that the Company’s chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance has changed. Therefore, beginning in the first quarter of 2015, the Company will report its financial performance based on our new segments: Integrated Financial Solutions (“IFS”), Global Financial Solutions (“GFS”) and Corporate and Other (Note 18). The segment disclosure contained in these financial statements has been recast for all periods presented according to this new reporting structure.

XML

Deferred Contract Costs (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of deferred contract costs
Installations and conversions in progress	$ 17.9	$ 10.9
Installations and conversions completed, net	90.8	107.9
Sales commissions and other, net	104.5	88.0
Total deferred contract costs	213.2	206.8
Amortization of deferred contract costs	$ 71.5	$ 66.6	$ 73.0

XML

Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Schedule of Financial Information for the Company's Segments

As of and for the year ended December 31, 2014 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,858.8	$	2,557.3	$	(2.3	)	$	6,413.8
Operating expenses	2,544.0		2,170.4		428.8			5,143.2
Operating income	$	1,314.8	$	386.9	$	(431.1	)	1,270.6
Other income (expense) unallocated								(217.2		)
Income from continuing operations								$	1,053.4
Depreciation and amortization	$	216.3	$	158.8	$	251.2		$	626.3
Capital expenditures (1)	$	198.7	$	189.7	$	8.9		$	397.3
Total assets	$	9,049.2	$	4,135.8	$	1,327.5		$	14,512.5
Goodwill	$	6,785.8	$	2,091.8	$	—		$	8,877.6

(1) Capital expenditures include $26.1 million of capital leases.

As of and for the year ended December 31, 2013 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,712.0	$	2,353.9	$	(2.5	)	$	6,063.4
Operating expenses	2,424.4		2,003.9		572.2			5,000.5
Operating income	$	1,287.6	$	350.0	$	(574.7	)	1,062.9
Other income (expense) unallocated								(239.4		)
Income from continuing operations								$	823.5
Depreciation and amortization	$	199.9	$	151.0	$	263.7		$	614.6
Capital expenditures (1)	$	198.0	$	144.6	$	10.5		$	353.1
Total assets	$	8,776.1	$	3,783.2	$	1,399.2		$	13,958.5
Goodwill	$	6,711.6	$	1,788.4	$	—		$	8,500.0

(1) Capital expenditures include $16.9 million of capital leases.

As of and for the year ended December 31, 2012 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,554.0	$	2,241.6	$	0.2		$	5,795.8
Operating expenses	2,342.0		1,924.4		453.1			4,719.5
Operating income	$	1,212.0	$	317.2	$	(452.9	)	1,076.3
Other income (expense) unallocated								(248.0		)
Income from continuing operations								$	828.3
Depreciation and amortization (1)	$	202.6	$	157.5	$	262.7		$	622.8
Capital expenditures	$	170.5	$	116.8	$	10.1		$	297.4
Total assets	$	8,411.2	$	3,579.4	$	1,550.2		$	13,540.8
Goodwill	$	6,596.0	$	1,785.5	$	—		$	8,381.5

(1) Depreciation and amortization excludes $10.0 million of discontinued operations from our Healthcare Benefit Solutions Business.

XML

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule of Trade Receivables and Roll Forward of Allowance For Doubtful Accounts

A summary roll forward of the allowance for doubtful accounts, for 2014, 2013 and 2012 is as follows (in millions):

Allowance for doubtful accounts as of December 31, 2011	$	(33.1	)
Bad debt expense	(5.4		)
Write-offs, net of recoveries	18.6
Allowance for doubtful accounts as of December 31, 2012	(19.9		)
Bad debt expense	(3.2		)
Write-offs, net of recoveries	6.9
Allowance for doubtful accounts as of December 31, 2013	(16.2		)
Bad debt expense	(8.5		)
Write-offs, net of recoveries	9.1
Allowance for doubtful accounts as of December 31, 2014	$	(15.6	)

A summary of trade receivables, net, as of December 31, 2014 and 2013 is as follows (in millions):

	2014			2013
Trade receivables — billed	$	983.7		$	885.7
Trade receivables — unbilled	158.3			118.4
Total trade receivables	1,142.0			1,004.1
Allowance for doubtful accounts	(15.6		)	(16.2		)
Total trade receivables, net	$	1,126.4		$	987.9

Schedule of Net Earnings Per Share

Net earnings and earnings per share for the years ended December 31, 2014, 2013 and 2012 are as follows (in millions, except per share data):

	Year ended December 31,
	2014			2013		2012
Earnings from continuing operations attributable to FIS, net of tax	$	690.5		$	490.0	$	538.3
Earnings (loss) from discontinued operations attributable to FIS, net of tax	(11.4		)	3.1		(77.1		)
Net earnings attributable to FIS common stockholders	$	679.1		$	493.1	$	461.2
Weighted average shares outstanding — basic	284.8			289.7		291.8
Plus: Common stock equivalent shares	3.9			4.5		5.7
Weighted average shares outstanding — diluted	288.7			294.2		297.5
Net earnings per share — basic from continuing operations attributable to FIS common stockholders	$	2.42		$	1.69	$	1.84
Net earnings (loss) per share — basic from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01		(0.26		)
Net earnings per share — basic attributable to FIS common stockholders *	$	2.38		$	1.70	$	1.58
Net earnings per share — diluted from continuing operations attributable to FIS common stockholders	$	2.39		$	1.67	$	1.81
Net earnings (loss) per share — diluted from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01		(0.26		)
Net earnings per share — diluted attributable to FIS common stockholders *	$	2.35		$	1.68	$	1.55
* amounts may not sum due to rounding.

XML

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation

The Consolidated Financial Statements include the accounts of FIS, its wholly-owned subsidiaries and subsidiaries that are majority-owned. All significant intercompany profits, transactions and balances have been eliminated in consolidation.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all 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 payment processing business, the Company provides cash settlement services to financial institutions and state and local governments. These services involve the movement of funds between the various parties associated with automated teller machines ("ATM"), point-of-sale or electronic benefit transactions ("EBT") and 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 in-transit balances due to the Company are included in cash and cash equivalents. The carrying amounts reported in the Consolidated Balance Sheets for these instruments approximate their fair value.

Fair Value Measurements

Fair Value Measurements

Fair Value of Financial Instruments

The carrying amounts reported in the Consolidated Balance Sheets for receivables and accounts payable approximate their fair values because of their immediate or short-term maturities. The fair value of the Company’s long-term debt is estimated to be approximately $63.8 million and $1.5 million higher than the carrying value as of December 31, 2014 and 2013, respectively. These estimates are based on values of trades of our debt in close proximity to year end, which are considered Level 2-type measurements, as discussed below. 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. The Company holds, or has held, certain derivative instruments, specifically interest rate swaps and foreign exchange forward contracts. Derivative instruments are valued using Level 2-type 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:

•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 Measurements

Generally accepted accounting principles require that, subsequent to their initial recognition, certain assets be reviewed for impairment on a nonrecurring basis by comparison to their fair value. As more fully discussed in their respective subheadings below, this includes goodwill, long-lived assets, intangible assets, computer software and investments.

Derivative Financial Instruments

Derivative Financial Instruments

The Company accounts for derivative financial instruments in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 815, Derivatives and Hedging. During 2014, 2013 and 2012, the Company engaged in hedging activities relating to its variable rate debt through the use of interest rate swaps. The Company designates these interest rate swaps as cash flow hedges. The estimated fair values of the cash flow hedges are recorded as an asset or liability of the Company and are included in the accompanying Consolidated Balance Sheets in prepaid expenses and other current assets, other non-current assets, accounts payable and accrued liabilities or other long-term liabilities, as appropriate, and as a component of accumulated other comprehensive earnings, net of deferred taxes. A portion of the amount included in accumulated other comprehensive earnings is recorded in interest expense as a yield adjustment as interest payments are made on the Company’s term and revolving loans (Note 13). The Company’s existing cash flow hedges are highly effective and there was no impact on 2014 earnings due to hedge ineffectiveness. It is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes. As of December 31, 2014, we believe that our interest rate swap counterparties will be able to fulfill their obligations under our agreements.

The Company's foreign exchange risk management policy permits the use of derivative instruments, such as forward contracts and options, to reduce volatility in the Company's results of operations and/or cash flows resulting from foreign exchange rate fluctuations.

Trade Receivables

Trade Receivables

A summary of trade receivables, net, as of December 31, 2014 and 2013 is as follows (in millions):

	2014			2013
Trade receivables — billed	$	983.7		$	885.7
Trade receivables — unbilled	158.3			118.4
Total trade receivables	1,142.0			1,004.1
Allowance for doubtful accounts	(15.6		)	(16.2		)
Total trade receivables, net	$	1,126.4		$	987.9

Approximately $37.2 million of unbilled receivables as of December 31, 2014 relates to services provided under ongoing long-term contracts that was not yet billable pursuant to the terms of those agreements but will be invoiced in 2015. We expect to generate additional unbilled receivables of $41.6 million for these contracts for services performed in 2015.

When evaluating the adequacy of the allowance for doubtful accounts, the Company considers historical bad debts, customer creditworthiness, current economic trends, changes in customer payment terms and collection trends. Any change in the assumptions used may result in an additional allowance for doubtful accounts being recognized in the period in which the change occurs.

A summary roll forward of the allowance for doubtful accounts, for 2014, 2013 and 2012 is as follows (in millions):

Allowance for doubtful accounts as of December 31, 2011	$	(33.1	)
Bad debt expense	(5.4		)
Write-offs, net of recoveries	18.6
Allowance for doubtful accounts as of December 31, 2012	(19.9		)
Bad debt expense	(3.2		)
Write-offs, net of recoveries	6.9
Allowance for doubtful accounts as of December 31, 2013	(16.2		)
Bad debt expense	(8.5		)
Write-offs, net of recoveries	9.1
Allowance for doubtful accounts as of December 31, 2014	$	(15.6	)

Enhanced collection management has resulted in decreases in the allowance in both 2014 and 2013. The decrease in 2012 was also attributable to resolution of a number of specific accounts.

(f)Settlement Deposits, Receivables and Payables

We manage certain integrated electronic payment services 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 and, as of December 31, 2014, included $139.3 million of investments with original maturities of greater than 90 days. These investments are Level 1 and Level 2 type securities in the fair-value hierarchy. Settlement receivables represents amounts funded by us. Settlement payables consist of settlement deposits from clients, settlement payables to third parties 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 balance sheet and operating cash flows on the statement of cash flows. The payment solution services that give rise to these settlement balances are separate and distinct from those settlement activities referred to under (b) Cash and Cash Equivalents, where the services we provide primarily facilitate the movement of funds.

Goodwill

Goodwill

Goodwill represents the excess of cost over the fair value of identifiable assets acquired and liabilities assumed in business combinations. FASB ASC Topic 350, Intangibles — Goodwill and Other, requires that goodwill and other intangible assets with indefinite useful lives not be amortized, but rather be tested for impairment annually, or more frequently if circumstances indicate potential impairment. In 2011, the FASB issued Accounting Standards Update No. 2011-08 ("ASU 2011-08"), Testing Goodwill for Impairment. The revised standard allows an entity first to assess qualitatively whether it is more likely than not that a reporting unit's carrying amount exceeds its fair value, referred to in the guidance as "step zero." If an entity concludes that it is more likely than not that a reporting unit's fair value is less than its carrying amount (that is, a likelihood of more than 50 percent), the "step one" quantitative assessment must be performed for that reporting unit. ASU 2011-08 provided examples of events and circumstances that should be considered in performing the "step zero" qualitative assessment, including macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, events affecting a reporting unit or the entity as a whole and a sustained decrease in share price.

The Company assesses goodwill for impairment on an annual basis during the fourth quarter using a September 30th measurement date unless circumstances require a more frequent measurement. For 2014 and 2013, we began our assessment with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our reporting units in the 2012 step one analysis. In performing the step zero qualitative analysis for each of 2014 and 2013, examining those factors most likely to affect our valuations, we concluded that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts. Consequently, we did not perform a step one quantitative analysis in 2014 or 2013. We did, however, subsequently update our procedures for 2014 in conjunction with the change in reportable segments. We reallocated goodwill to the new reportable segments based on relative fair values as of January 1, 2015 and performed a step one quantitative analysis for impairment, using the methodology described in the following paragraph. Based upon the results of this test, there were no indications of impairment for any of our reporting units.

For 2012, primarily for the purpose of validating our valuation assumptions, we elected to proceed directly to the step one quantitative analysis rather than perform the step zero qualitative assessment. In applying the quantitative analysis, we determined the fair value of our reporting units based on a weighted average of multiple valuation techniques, principally a combination of an income approach and a market approach. 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 a reporting unit exceeds the carrying value of the reporting unit’s net assets, goodwill is not impaired and further testing is not required. Based upon the results of this test, there were no indications of impairment for any of our reporting units for 2012.

Long-lived Assets

Long-Lived Assets

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

Intangible Assets

The Company has intangible assets that consist primarily of customer relationships and trademarks that are recorded in connection with acquisitions at their fair value based on the results of valuation analyses. 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. Intangible assets with finite lives (principally customer relationships and certain trademarks) are reviewed for impairment in accordance with FASB ASC Section 360-10-35, Impairment or Disposal of Long-Lived Assets, while certain trademarks determined to have indefinite lives are reviewed for impairment at least annually in accordance with FASB ASC Topic 350. FASB Accounting Standards Update No. 2012-02 ("ASU 2012-02") modified the former requirement to perform an annual quantitative impairment test for indefinite-lived intangible assets. Similar to the ASU 2011-08 guidance for goodwill, it allows an organization to first perform a qualitative assessment of whether it is more likely than not that an asset has been impaired.

For 2014 and 2013, for indefinite lived intangibles we began our assessment with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our indefinite-lived intangible assets in 2012. Based upon the results of this test, there were no indications of impairment, except for one trademark with nominal value in 2013. For 2012, we proceeded directly with a quantitative analysis, using a form of income approach valuation known as the relief-from-royalty method. Our tests did not result in the impairment of any of our intangible assets for 2012.

Computer Software

Computer Software

Computer software includes software acquired in business combinations, purchased software and capitalized software development costs. 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, ranging from five to 10 years.

The capitalization of software development costs is governed by FASB ASC Subtopic 985-20 if the software is to be sold, leased or otherwise marketed, or by FASB ASC Subtopic 350-40 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 include primarily 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 product-by-product basis commencing on the date of general release of the products (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 ranges from three to 10 years, or (2) the ratio of current revenues to total anticipated revenues over its useful life.

Deferred Contract Costs

Deferred Contract Costs

Costs of sales, including costs incurred for bid and proposal activities, are generally expensed as incurred. However, certain costs incurred upon initiation of a contract, including sales commissions, are deferred and amortized as expense over the contract life. These costs represent incremental external costs or certain specific internal costs that are directly related to the contract acquisition or transition activities.

In the event indications exist that a particular deferred contract cost balance may be impaired, undiscounted estimated cash flows of the contract are projected over its remaining term and compared to the unamortized deferred contract cost balance. If the projected cash flows are not adequate to recover the unamortized cost balance, the balance would be adjusted to equal the contract’s net realizable value, including any termination fees provided for under the contract, in the period such a determination is made.

Property and Equipment

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: 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

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.

Revenue Recognition

Revenue Recognition

The Company generates revenues from the delivery of bank processing, credit and debit card and wealth management processing services, other payment processing services, professional services, software licensing and software related services. The Company recognizes revenue when: (i) evidence of an arrangement exists; (ii) delivery has occurred; (iii) the fees are fixed or determinable; and (iv) collection is considered probable. Taxes collected from customers and remitted to governmental authorities are not included in revenue. Revenue generated from contracts executed outside of our North American operations represented approximately 22%, 21% and 20% of total revenue in 2014, 2013 and 2012, respectively.

The Company enters into arrangements with customers to provide services, software and software-related services such as post-contract customer support and implementation and training either individually or as part of an integrated offering of multiple services. The revenues for services provided under these multiple element arrangements are recognized in accordance with the applicable revenue recognition accounting principles as further described below.

In multiple-element arrangements, consideration is allocated to each deliverable using the relative selling price method. The selling price for each deliverable is based on vendor-specific objective evidence (“VSOE”) if available, third-party evidence (“TPE”) if VSOE is not available, or estimated selling price (“ESP”) if neither VSOE or TPE are available. A delivered item in a multiple element arrangement is considered a separate unit of accounting if (a) the item has value to the customer on a standalone basis; and (b) delivery or performance of the undelivered item or items is considered probable and substantially in the Company's control if the arrangement includes a general right of return relative to the delivered item.

We establish VSOE of selling price using the price charged when the same element is sold separately, or in the case of post-contract customer support or other recurring services, when a substantive stated renewal rate is provided to the customer. In certain circumstances, the Company is not able to establish VSOE for all deliverables in a multiple element arrangement. This may be due to infrequent standalone sales for an element, a limited sales history for new solutions or pricing within a broader range than permissible by our policy to establish VSOE. In those circumstances, we proceed to the alternative levels in the hierarchy of determining selling price. TPE of selling price is established by evaluating largely similar and interchangeable competitor products or services in standalone sales to similarly situated customers. The Company is typically not able to determine TPE and we rarely use this measure since we are generally unable to reliably verify standalone prices of competitive solutions. ESP is established in those instances where neither VSOE nor TPE are available, considering internal factors such as margin objectives, pricing practices and controls, customer segment pricing strategies and the product life cycle. Consideration is also given to market conditions such as competitor pricing strategies and industry technology life cycles.

The Company's arrangements with multiple deliverables may include one or more elements that are subject to the software revenue recognition guidance. The consideration for these multiple element arrangements is allocated to the software deliverables and the non-software deliverables based on the relative selling prices of all of the elements in the arrangement using the above hierarchy. The appropriate revenue recognition guidance is then applied to the respective software and non-software elements.

The following describes the Company’s primary types of revenues and its revenue recognition policies as they pertain to the types of transactions the Company enters into with its customers.

Processing Services Revenues

Processing services include data processing and application and/or facility management. Revenues from processing services are typically volume-based depending on factors such as the number of accounts processed, transactions processed and computer resources used or can be based on minimum monthly usage fees. Revenues from these arrangements are recognized as services are performed. As professional services have increased as a percentage of total revenues, processing services have decreased to 75% of total revenues in 2014 from 76% in 2013 and 80% in 2012.

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. Whether a company should recognize revenue based on the gross amount billed to a customer or the net amount retained is a matter of judgment that depends on the relevant facts and circumstances. Certain factors or indicators have been identified in the authoritative literature that should be considered in the evaluation. In certain of these arrangements, we have concluded that recognizing the gross amount billed is appropriate while in others we recognize the net amount retained, depending upon the level of our contractual responsibilities and obligations for delivering solutions to end customers.

Professional Services Revenues

Revenues and costs related to implementation, conversion and programming services associated with the Company’s data processing and application management agreements during the implementation phase are deferred and subsequently recognized using the straight-line method over the term of the related services agreement when these upfront services do not have standalone value or if revenue otherwise allocable to these elements is contingent upon delivery of other elements in the arrangement. Revenues and costs related to other consulting service agreements are recognized as the services are provided, assuming the separation criteria outlined above are satisfied. Professional services have increased as a percentage of total revenues to 15% in 2014 from 12% in 2013 and 9% in 2012. A significant portion of our professional services revenues is derived from contracts for dedicated personnel resources who are often working full-time at a client site and under their direction. These revenues generally re-occur as contracts are renewed.

License and Software Related Revenues

The Company recognizes software license and post-contract customer support fees, as well as associated implementation, training, conversion and programming fees in accordance with FASB ASC Subtopic 985-605. Initial license fees are recognized when a contract exists, the fee is fixed or determinable, software delivery has occurred and collection of the receivable is deemed probable, provided that VSOE of fair value has been established for any undelivered elements in the arrangement. If evidence of fair value of all undelivered elements exists but evidence does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue. If evidence of fair value does not exist for one or more undelivered elements of a contract, then all revenue is deferred until all elements are delivered or VSOE of fair value is determined for all remaining undelivered elements. Revenue from post-contract customer support is recognized ratably over the term of the agreement. The Company records deferred revenue for all billings invoiced prior to revenue recognition. Software license revenue and related post-contract customer support represented 7% of total revenues in 2014 and 8% in 2013 and 2012, with over 70% of the revenue representing post-contractual support revenue.

When the arrangement with the customer includes significant customization, modification, or production of software, the Company recognizes revenue applying contract accounting. For elements accounted for under contract accounting, revenue is recognized using the percentage-of-completion method since reasonably dependable estimates of revenues and contract hours applicable to various elements of a contract can be made. Cost-to-cost or efforts-expended (labor hours) methods are used to measure progress toward completion. Revenues in excess of billings on these agreements are recorded as unbilled receivables and are included in trade receivables. Billings in excess of revenue recognized on these agreements are recorded as deferred revenue until revenue recognition criteria are met. Changes in estimates for revenues, costs and profits are recognized in the period in which they are determinable. If and when the Company’s estimates indicate that the entire contract will be performed at a loss, a provision for the entire loss is recorded in that accounting period.

In arrangements where the licensed software includes hosting the software for the customer, a software element is only considered present if the customer has the contractual right to take possession of the software at any time during the hosting period without significant penalty and it is feasible for the customer to either operate the software on their own hardware or contract with another vendor to host the software. If the arrangement meets these criteria, as well as the other criteria for recognition of the license revenues described above, a software element is present and license revenues are recognized when the software is delivered and hosting revenues are recognized as the service is provided. If a separate software element as described above is not present, the related revenues are combined and recognized ratably over the hosting or maintenance period, whichever is longer.

Hardware and Other Revenues

Hardware and other miscellaneous revenues including termination fees represent approximately 3% of our total revenues and are recognized following the separation and recognition criteria discussed above. The Company generally does not stock in inventory the hardware products sold, but arranges for delivery of hardware from third-party suppliers. The Company evaluates the gross vs. net indicators for these transactions and records the revenue related to hardware transactions on a gross basis as appropriate and the related costs are included in cost of revenue as appropriate if the Company is considered the primary obligor by the customer, bears risk of loss and has latitude in establishing prices on the equipment.

Recent Accounting Guidance Not Yet Adopted

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU

2014-09”). ASU 2014-09 amends substantially all authoritative literature for revenue recognition, including industry-specific

requirements, and converges the guidance under this topic with that of the International Financial Reporting Standards. The

ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed

to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and

uncertainty of revenues and cash flows from contracts with customers. Other provisions include ensuring the time value of

money is considered in the transaction price and allowing estimates of variable consideration to be recognized before

contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning

after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either with retrospective

application to the earlier years presented in their financial statements or with a cumulative-effect adjustment as of the date of

adoption. We are currently assessing the impact the adoption of ASU 2014-09 will have on our financial position and results of

operations.

Cost of Revenue and Selling, General and Administrative Expenses

Cost of Revenue and Selling, General and Administrative Expenses

Cost of revenue includes payroll, employee benefits, occupancy costs and other costs associated with personnel employed in customer service and service delivery roles, including program design and development and professional services. Cost of revenue also includes data processing costs, amortization of software, customer relationship intangible assets and depreciation on operating assets.

Selling, general and administrative expenses include payroll, employee benefits, occupancy and other costs associated with personnel employed in sales, marketing, human resources, finance, risk management and other administrative roles. Selling, general and administrative expenses also include depreciation on non-operating corporate assets, advertising costs and other marketing-related programs.

Stock-Based Compensation Plans

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. Certain of our stock awards also contain performance conditions. In those circumstances, compensation cost is recognized over the service period when it is probable the outcome of that performance condition will be achieved. If the Company concludes at any point prior to completion of the requisite service period that it it not probable that the performance condition will be met, any previously recorded expense would be reversed.

Foreign Currency Translation

Foreign Currency Translation

The functional currency for the foreign operations of the Company is either the U.S. Dollar or the local foreign currency. For foreign operations where the local currency is the functional currency, the translation into U.S. Dollars for consolidation is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using the average exchange rate during the period. 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 foreign currency transactions are included in other income.

Management Estimates

Management Estimates

The preparation of these Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

Provision for Check Guarantee Losses

Provision for Check Guarantee Losses

In the Company’s check guarantee business, if a guaranteed check presented to a merchant customer is dishonored by the check writer’s bank, the Company reimburses the merchant customer for the check’s face value and pursues collection of the amount from the delinquent check writer. Loss provisions and anticipated recoveries are determined by performing a historical analysis of the Company’s check loss and recovery experience and considering other factors that could affect that experience in the future. Such factors include the general economy, the overall industry mix of customer volumes, statistical analysis of check fraud trends within customer volumes, and the quality of returned checks. The estimated check returns and recovery amounts are subject to risk that actual amounts returned and recovered may be different than the Company’s estimates.

Net Earnings per Share

The basic weighted average shares and common stock equivalents for the years ended December 31, 2014, 2013 and 2012 are computed using the treasury stock method.

Certain Reclassifications

Certain Reclassifications

Certain reclassifications have been made in the 2013 and 2012 Consolidated Financial Statements to conform to the classifications used in 2014.

XML

Property and Equipment (Schedule of Property and Equipment) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,204.4	$ 1,077.4
Accumulated depreciation and amortization	(721.1)	(638.4)
Property and equipment, net	483.3	439.0
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	28.1	28.1
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	186.9	182.0
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	111.7	97.0
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	718.6	629.5
Furniture, Fixture and Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 159.1	$ 140.8

XML

Other Equity Programs and Stock Rights (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Schedule of Stock Repurchased

The table below summarizes annual share repurchase activity under these plans (in millions, except per share amounts):

				Total cost of shares
				purchased as part of
	Total number of	Average price		publicly announced
Year ended	shares purchased	paid per share		plans or programs
December 31, 2014	8.7	$	54.89	$	475.5
December 31, 2013	10.7	$	44.58	$	475.9
December 31, 2012 *	14.0	$	32.24	$	451.4
December 31, 2011	15.0	$	26.61	$	399.2
December 31, 2010	1.4	$	22.97	$	32.2

* Includes the repurchase of 5.7 million shares from WPM, L.P. for $200.0 million, or $35.03 per share, in December 2012.

XML

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Revenues and Earnings (losses) of Businesses Included in Discontinued Operations

The revenues and earnings (losses) of the businesses included in discontinued operations for the periods presented were as follows:

Revenues		2014		2013		2012
	eCas business line	$	3.0	$	7.3	$	11.8
	ClearPar	—		—		—
	Healthcare Benefit Solutions Business	—		—		80.5
	Participacoes operations	—		—		—
	Total discontinued operations	$	3.0	$	7.3	$	92.3

Earnings (loss) from discontinued operations net of tax:		2014			2013			2012
	eCas business line	$	(5.1	)	$	1.2		$	2.1
	ClearPar	—			16.7			—
	Healthcare Benefit Solutions Business	—			0.1			(47.8		)
	Participacoes operations	(6.3		)	(14.9		)	(31.4		)
	Total discontinued operations	$	(11.4	)	$	3.1		$	(77.1	)

XML

Components of Other Comprehensive Earnings (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table shows accumulated other comprehensive earnings ("AOCE") attributable to FIS by component, net of tax, for the year ended December 31, 2014 (in millions):

				Foreign
	Interest Rate			Currency
	Swap			Translation
	Contracts			Adjustments			Other			Total
Balances, December 31, 2013	$	(2.4	)	$	(3.0	)	$	(4.5	)	$	(9.9	)
Other comprehensive gain/(loss) before reclassifications	(2.2		)	(92.2		)	(6.8		)	(101.2		)
Amounts reclassified from AOCE	3.9			—			—			3.9
Net current period AOCE attributable to FIS	1.7			(92.2		)	(6.8		)	(97.3		)
Balances, December 31, 2014	$	(0.7	)	$	(95.2	)	$	(11.3	)	$	(107.2	)

XML

Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net earnings	$ 706.9	$ 517.7	$ 481.1
Adjustment to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	626.3	614.6	632.8
Amortization of debt issue costs	19.7	19.9	29.4
Gain on sale of assets	0	(31.6)	(23.5)
Gain on mFoundry acquisition	0	(9.2)	0
Stock-based compensation	55.7	53.4	83.8
Deferred income taxes	(5.5)	1.5	(40.9)
Excess income tax benefit from exercise of stock options	(39.5)	(40.4)	(30.6)
Other operating activities, net	20.9	0	0
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade receivables	(115.2)	(56.1)	(68.0)
Settlement activity	(6.3)	(1.7)	(16.8)
Prepaid expenses and other assets	(34.2)	(41.5)	(9.0)
Deferred contract costs	(86.6)	(67.1)	(60.0)
Deferred revenue	32.5	(60.7)	(11.1)
Accounts payable, accrued liabilities, and other liabilities	(9.8)	161.5	79.5
Net cash provided by operating activities	1,164.9	1,060.3	1,046.7
Cash flows from investing activities:
Additions to property and equipment	(148.5)	(131.7)	(123.7)
Additions to computer software	(222.7)	(204.5)	(172.4)
Acquisitions, net of cash acquired	(595.2)	(150.5)	(63.6)
Net proceeds from sale of assets	0	26.8	339.5
Other investing activities, net	(18.2)	(4.8)	(3.0)
Net cash used in investing activities	(984.6)	(464.7)	(23.2)
Cash flows from financing activities:
Borrowings	7,936.1	10,494.4	11,160.3
Repayment of borrowings and capital lease obligations	(7,364.2)	(10,421.8)	(11,587.4)
Debt issuance costs	(13.8)	(18.7)	(48.3)
Excess income tax benefit from exercise of stock options	39.5	40.4	30.6
Proceeds from exercise of stock options	61.1	143.0	276.6
Treasury stock activity	(521.9)	(475.9)	(511.3)
Dividends paid	(275.1)	(256.3)	(234.8)
Distributions to Brazilian Venture partner	(34.8)	0	0
Other financing activities, net	(25.0)	(51.1)	(6.5)
Net cash used in financing activities	(198.1)	(546.0)	(920.8)
Effect of foreign currency exchange rate changes on cash	(36.9)	(19.7)	(0.6)
Net increase (decrease) in cash and cash equivalents	(54.7)	29.9	102.1
Cash and cash equivalents, beginning of year	547.5	517.6	415.5
Cash and cash equivalents, end of year	492.8	547.5	517.6
Supplemental cash flow information:
Cash paid for interest	168.7	193.5	200.1
Cash paid for income taxes	$ 291.8	$ 320.3	$ 316.3

XML

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Schedule of Related Party Items Included in Revenues

A detail of related party items included in revenues for the years ended December 31, 2014, 2013 and 2012 is as follows (in millions):

	Years ended December 31,
	2014		2013		2012
Banco Bradesco Brazilian Venture revenue	$	277.4	$	296.2	$	287.6
FNF data processing services revenue (1)	—		—		30.2
Ceridian data processing and services revenue (1)	—		—		74.0
Total related party revenues	$	277.4	$	296.2	$	391.8

(1) Through September 30, 2012.

XML

Employee Benefit Plans (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	May 29, 2013	Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]
Employee contribution of pretax annual compensation	40.00%
Employee matching contribution, percent of match	50.00%
Employee matching contribution, percent of employees' gross pay	6.00%
Company expense, Profit Sharing Plan	$ 35.6	$ 31.1	$ 28.2
Number of Options	15.4	13.8	15.8		30.4
Intrinsic value of options exercised	92.5	134.9	202.3
Weighted average fair value of options Granted (in dollars per share)	$ 9.15	$ 7.85	$ 8.08
Restricted stock price, exercise price range, lower limit (in dollars per share)	$ 52.85	$ 36.49	$ 30.7
Restricted stock price, exercise price range, upper limit (in dollars per share)	$ 64.04	$ 52.19	$ 34.89
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Total unrecognized compensation cost related to non-vested stock awards	131.1	108.0
Weighted average period over which compensation cost is expected to be recognized	1 year 8 months 12 days	1 year 8 months 12 days
Selling, General and Administrative Expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock-based compensation	57.4	57.4	86.6
Employee Stock Option [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of additional shares authorized				6.0
Number of Options	0.1	0.3
Restricted Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted shares granted	0.8	0.8	1.3
Unvested restricted shares outstanding	1.8	2.3
Liability Based Awards not Credited to Additional Paid In Capital [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocated Share-based Compensation Expense	1.7	4.0	2.8
Stock Purchase Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Minimum Percentage Contribution made by employees of their salary to employee benefit plan	3.00%
Maximum Percentage Contribution made by employees of their salary to employee benefit plan	15.00%
Allocated Share-based Compensation Expense	26.0	22.0	19.9
Kardoba Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	50.6	44.9
Projected benefit plan, plan obligation	$ 51.6	$ 45.9

XML

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Total income tax expense for the years ended December 31, 2014, 2013 and 2012 is allocated as follows (in millions):

	2014			2013			2012
Tax expense per statements of earnings	$	335.1		$	308.9		$	270.1
Tax expense attributable to discontinued operations	(3.9		)	2.3			68.2
Unrealized (loss) gain on investments and derivatives	1.0			0.4			0.7
Unrealized (loss) gain on foreign currency translation	(4.6		)	(5.8		)	(0.4		)
Other components of other comprehensive income	(3.1		)	(0.1		)	(2.0		)
Total income tax expense (benefit) allocated to other comprehensive income	(6.7		)	(5.5		)	(1.7		)
Tax benefit from exercise of stock options	(39.5		)	(40.4		)	(31.1		)
Total income tax expense	$	285.0		$	265.3		$	305.5

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2014, 2013 and 2012 consists of the following (in millions):

	2014			2013			2012
Current provision:
Federal	$	248.2		$	232.2		$	183.1
State	32.1			27.2			38.7
Foreign	63.7			49.3			33.2
Total current provision	$	344.0		$	308.7		$	255.0
Deferred provision (benefit):
Federal	$	(3.6	)	$	0.2		$	14.5
State	(2.3		)	(1.1		)	0.8
Foreign	(3.0		)	1.1			(0.2		)
Total deferred provision	(8.9		)	0.2			15.1
Total provision for income taxes	$	335.1		$	308.9		$	270.1

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, 2014, 2013 and 2012 (in millions):

	2014		2013		2012
United States	$	789.3	$	753.8	$	653.2
Foreign	264.1		69.7		175.1
Total	$	1,053.4	$	823.5	$	828.3

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, 2014, 2013 and 2012 is as follows:

	2014		2013		2012
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State income taxes	4.6		4.6		4.6
Federal benefit of state taxes	(1.6	)	(1.6	)	(1.6	)
Foreign rate differential	(2.6	)	(2.5	)	(2.8	)
Capco contingent consideration	—		5.9		—
Other	(3.6	)	(3.9	)	(2.6	)
Effective income tax rate	31.8	%	37.5	%	32.6	%

Schedule of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities as of December 31, 2014 and 2013 consist of the following (in millions):

	2014			2013
Deferred income tax assets:
Net operating loss carryforwards	$	183.2		$	155.8
Employee benefit accruals	55.5			62.0
Deferred revenue	43.7			38.0
Foreign currency translation adjustment	28.9			24.4
Accruals	27.1			30.0
Foreign tax credit carryforwards	12.7			24.4
State taxes	11.8			10.6
Allowance for doubtful accounts	3.6			4.4
Interest rate swaps	0.5			1.5
Total gross deferred income tax assets	367.0			351.1
Less valuation allowance	(121.7		)	(97.7		)
Total deferred income tax assets	245.3			253.4
Deferred income tax liabilities:
Amortization of goodwill and intangible assets	899.5			871.6
Deferred contract costs	91.1			82.2
Depreciation	48.4			49.1
Other	7.5			6.8
Total deferred income tax liabilities	1,046.5			1,009.7
Net deferred income tax liability	$	801.2		$	756.3

Deferred income taxes have been classified in the Consolidated Balance Sheets as of December 31, 2014 and 2013 as follows (in millions):

	2014			2013
Current assets	$	67.4		$	58.9
Noncurrent assets (included in other noncurrent assets)	9.5			10.5
Total deferred income tax assets	76.9			69.4
Current liabilities (included in accounts payable and accrued liabilities)	(3.7		)	(2.1		)
Noncurrent liabilities	(874.4		)	(823.6		)
Net deferred income tax liability	$	(801.2	)	$	(756.3	)

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 January 1, 2013	$	40.4
Amount of decreases due to lapse of the applicable statute of limitations	(2.8		)
Amount of decreases due to settlements	(12.7		)
Increases as a result of tax positions taken in a prior period	4.3
Amount of unrecognized tax benefit as of December 31, 2013	29.2
Amount of decreases due to lapse of the applicable statute of limitations	(2.4		)
Amount of decreases due to settlements	(14.1		)
Increases as a result of tax positions taken in the current period	2.6
Increases as a result of tax positions taken in a prior period	3.1
Amount of unrecognized tax benefit as of December 31, 2014	$	18.4

XML

Related Party Transactions (Schedule of Related Party Items Included in Revenues) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 277.4	$ 296.2	$ 391.8
Banco Bradesco [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	277.4	296.2	287.6
FNF Data [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	0	0	30.2
Ceridian Data [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 0	$ 0	$ 74.0

XML

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of the federal statutory income tax rate to the Company's effective income tax rate
Federal statutory income tax rate	35.00%	35.00%	35.00%
Foreign rate differential	(2.60%)	(2.50%)	(2.80%)
Capco contingent consideration	0.00%	5.90%	0.00%
Other	(3.60%)	(3.90%)	(2.60%)
Effective income tax rate	31.80%	37.50%	32.60%
State Income Taxes [Member]
Reconciliation of the federal statutory income tax rate to the Company's effective income tax rate
State income taxes	4.60%	4.60%	4.60%
Federal Benefit of State Taxes [Member]
Reconciliation of the federal statutory income tax rate to the Company's effective income tax rate
State income taxes	(1.60%)	(1.60%)	(1.60%)

XML

Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 492.8	$ 547.5
Settlement deposits	393.9	327.4
Trade receivables, net	1,126.4	987.9
Settlement receivables	153.7	178.2
Other receivables	31.5	62.1
Due from Brazilian venture partner	33.6	35.8
Prepaid expenses and other current assets	167.0	154.1
Deferred income taxes	67.4	58.9
Assets held for sale	6.8	0
Total current assets	2,473.1	2,351.9
Property and equipment, net	483.3	439.0
Goodwill	8,877.6	8,500.0
Intangible assets, net	1,268.0	1,339.3
Computer software, net	893.4	856.5
Deferred contract costs	213.2	206.8
Other noncurrent assets	311.9	266.6
Total assets	14,520.5	13,960.1
Current liabilities:
Accounts payable and accrued liabilities	730.3	768.0
Settlement payables	558.4	518.6
Deferred revenues	279.4	243.6
Current portion of long-term debt	13.1	128.8
Due to Brazilian venture partner	13.3	13.7
Liabilities held for sale	4.4	0
Total current liabilities	1,598.9	1,672.7
Long-term debt, excluding current portion	5,054.6	4,339.8
Deferred income taxes	874.4	823.6
Due to Brazilian venture partner	29.6	34.5
Deferred revenues	26.1	27.2
Other long-term liabilities	245.4	325.0
Total liabilities	7,829.0	7,222.8
FIS stockholders’ equity:
Preferred stock, $0.01 par value, 200 shares authorized, none issued and outstanding as of December 31, 2014 and 2013	0	0
Common stock, $0.01 par value, 600 shares authorized, 387.6 and 387.0 shares issued as of December 31, 2014 and 2013, respectively	3.9	3.9
Additional paid in capital	7,336.8	7,247.6
Retained earnings	2,746.8	2,341.9
Accumulated other comprehensive earnings	(107.2)	(9.9)
Treasury stock, $0.01 par value, 102.7 and 96.4 shares as of December 31, 2014 and 2013, respectively, at cost	(3,423.6)	(3,003.0)
Total FIS stockholders’ equity	6,556.7	6,580.5
Noncontrolling interest	134.8	156.8
Total equity	6,691.5	6,737.3
Total liabilities and equity	$ 14,520.5	$ 13,960.1

XML

Summary of Significant Accounting Policies (Schedule of Trade Receivable) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Summary of trade receivables, net
Trade receivables	$ 1,142.0	$ 1,004.1
Allowance for doubtful accounts	(15.6)	(16.2)	(19.9)	(33.1)
Total trade receivables, net	1,126.4	987.9
Billed Revenues
Summary of trade receivables, net
Trade receivables	983.7	885.7
Unbilled Revenues
Summary of trade receivables, net
Trade receivables	$ 158.3	$ 118.4

XML

Consolidated Statements of Equity (USD $) In Millions, unless otherwise specified	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings [Member]	Noncontrolling Interest [Member]	Total Equity [Member]
Beginning Balance at Dec. 31, 2011		$ 3.8	$ (2,642.2)	$ 7,224.7	$ 1,880.4	$ 36.3	$ 148.2	$ 6,651.2
Beginning Balance (in shares) at Dec. 31, 2011		384.6	(91.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock (in shares)		1.3
Issuance of restricted stock								0
Exercise of stock options and stock purchase rights (in shares)	16.2		16.2
Exercise of stock options and stock purchase rights			475.7	(142.1)				333.6
Treasury shares held for taxes due upon exercise of stock options (in shares)			(2.3)
Treasury shares held for taxes due upon exercise of stock options			(77.8)					(77.8)
Excess income tax benefit from exercise of stock options				30.6				30.6
Stock-based compensation				83.8				83.8
Cash dividends declared					(235.8)		(4.7)	(240.5)
Purchases of treasury stock (in shares)	(14.0)		(14.0)
Purchases of treasury stock	(451.4)		(451.4)					(451.4)
Net earnings	481.1				461.2		19.9	481.1
Other comprehensive earnings, net of tax	(17.0)					(6.3)	(10.7)	(17.0)
Ending Balance at Dec. 31, 2012		3.8	(2,695.7)	7,197.0	2,105.8	30.0	152.7	6,793.6
Ending Balance (in shares) at Dec. 31, 2012	0.2	385.9	(91.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock (in shares)		1.0
Issuance of restricted stock								0
Exercise of stock options and stock purchase rights (in shares)	6.1		6.4
Exercise of stock options and stock purchase rights			187.2	(52.7)				134.5
Treasury shares held for taxes due upon exercise of stock options (in shares)			(0.3)
Treasury shares held for taxes due upon exercise of stock options			(18.6)					(18.6)
Excess income tax benefit from exercise of stock options				40.4				40.4
Stock-based compensation				53.4				53.4
Cash dividends declared					(257.0)		(3.4)	(260.4)
Purchases of treasury stock (in shares)	(10.7)		(10.7)
Purchases of treasury stock	(475.9)		(475.9)					(475.9)
Other (in shares)		0.1
Other		0.1		9.5				9.6
Net earnings	517.7				493.1		24.6	517.7
Other comprehensive earnings, net of tax	(57.0)					(39.9)	(17.1)	(57.0)
Ending Balance at Dec. 31, 2013	6,737.3	3.9	(3,003.0)	7,247.6	2,341.9	(9.9)	156.8	6,737.3
Ending Balance (in shares) at Dec. 31, 2013		387.0	(96.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock (in shares)		0.6
Issuance of restricted stock								0
Exercise of stock options and stock purchase rights (in shares)	2.7		2.8
Exercise of stock options and stock purchase rights			77.7	(17.0)				60.7
Treasury shares held for taxes due upon exercise of stock options (in shares)			(0.4)
Treasury shares held for taxes due upon exercise of stock options			(27.7)					(27.7)
Excess income tax benefit from exercise of stock options				39.5				39.5
Stock-based compensation				55.7				55.7
Cash dividends declared					(274.2)		(38.8)	(313.0)
Purchases of treasury stock (in shares)	(8.7)		(8.7)
Purchases of treasury stock	(475.5)		(475.5)					(475.5)
Other			4.9	11.0				15.9
Net earnings	706.9				679.1		27.8	706.9
Other comprehensive earnings, net of tax	(108.3)					(97.3)	(11.0)	(108.3)
Ending Balance at Dec. 31, 2014	$ 6,691.5	$ 3.9	$ (3,423.6)	$ 7,336.8	$ 2,746.8	$ (107.2)	$ 134.8	$ 6,691.5
Ending Balance (in shares) at Dec. 31, 2014		387.6	(102.7)

XML

Intangible Assets (Schedule of Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Intangible Assets
Cost	$ 2,884.5	$ 2,807.6
Accumulated Amortization	(1,616.5)	(1,468.3)
Net	1,268.0	1,339.3
Customer Relationships [Member]
Intangible Assets
Cost	2,761.7	2,688.8
Accumulated Amortization	(1,600.5)	(1,455.1)
Net	1,161.2	1,233.7
Trademarks [Member]
Intangible Assets
Cost	122.8	118.8
Accumulated Amortization	(16.0)	(13.2)
Net	$ 106.8	$ 105.6

XML

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

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

Schedule of Intangible Assets

Intangible assets as of December 31, 2014 consist of the following (in millions):

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,761.7	$	(1,600.5	)	$	1,161.2
Trademarks	122.8		(16.0		)	106.8
	$	2,884.5	$	(1,616.5	)	$	1,268.0

Intangible assets as of December 31, 2013 consist of the following (in millions):

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,688.8	$	(1,455.1	)	$	1,233.7
Trademarks	118.8		(13.2		)	105.6
	$	2,807.6	$	(1,468.3	)	$	1,339.3

Computer software as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Software from business acquisitions	$	519.2		$	535.6
Capitalized software development costs	953.1			847.6
Purchased software	120.3			174.3
Computer software	1,592.6			1,557.5
Accumulated amortization	(699.2		)	(701.0		)
Computer software, net of accumulated amortization	$	893.4		$	856.5

Schedule of Estimated Amortization of Intangibles for the Next Five Years

Estimated amortization of intangibles, including the contract intangible in our Brazilian Venture, which is amortized as a reduction in revenue, for the next five years is as follows (in millions):

2015	$	220.8
2016	212.0
2017	206.7
2018	205.5
2019	206.0

XML

Long-Term Debt (Schedule of Principal Maturities of Long-term Debt) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Principal maturities of long-term debt
Total	$ 5,067.7	$ 4,468.6
Term Loan A-4 [Member]
Principal maturities of long-term debt
2015	0
2016	0
2017	1,300.0
2018	0
2019	0
Thereafter	0
Total	1,300.0
2017 Notes [Member]
Principal maturities of long-term debt
2015	0
2016	0
2017	300.0
2018	0
2019	0
Thereafter	0
Total	300.0
2018 Notes [Member]
Principal maturities of long-term debt
2015	0
2016	0
2017	0
2018	250.0
2019	0
Thereafter	0
Total	250.0
2022 Notes [Member]
Principal maturities of long-term debt
2015	0
2016	0
2017	0
2018	0
2019	0
Thereafter	700.0
Total	700.0
2023 Notes [Member]
Principal maturities of long-term debt
2015	0
2016	0
2017	0
2018	0
2019	0
Thereafter	1,000.0
Total	1,000.0
2024 Notes [Member]
Principal maturities of long-term debt
2015	0
2016	0
2017	0
2018	0
2019	0
Thereafter	700.0
Total	700.0
Total [Member]
Principal maturities of long-term debt
2015	0
2016	0
2017	1,600.0
2018	250.0
2019	0
Thereafter	2,400.0
Total	$ 4,250.0

XML

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2014, 2013 and 2012 consists of the following (in millions):

	2014			2013			2012
Current provision:
Federal	$	248.2		$	232.2		$	183.1
State	32.1			27.2			38.7
Foreign	63.7			49.3			33.2
Total current provision	$	344.0		$	308.7		$	255.0
Deferred provision (benefit):
Federal	$	(3.6	)	$	0.2		$	14.5
State	(2.3		)	(1.1		)	0.8
Foreign	(3.0		)	1.1			(0.2		)
Total deferred provision	(8.9		)	0.2			15.1
Total provision for income taxes	$	335.1		$	308.9		$	270.1

The provision for income taxes is based on pre-tax income from continuing operations, which is as follows for the years ended December 31, 2014, 2013 and 2012 (in millions):

	2014		2013		2012
United States	$	789.3	$	753.8	$	653.2
Foreign	264.1		69.7		175.1
Total	$	1,053.4	$	823.5	$	828.3

Total income tax expense for the years ended December 31, 2014, 2013 and 2012 is allocated as follows (in millions):

	2014			2013			2012
Tax expense per statements of earnings	$	335.1		$	308.9		$	270.1
Tax expense attributable to discontinued operations	(3.9		)	2.3			68.2
Unrealized (loss) gain on investments and derivatives	1.0			0.4			0.7
Unrealized (loss) gain on foreign currency translation	(4.6		)	(5.8		)	(0.4		)
Other components of other comprehensive income	(3.1		)	(0.1		)	(2.0		)
Total income tax expense (benefit) allocated to other comprehensive income	(6.7		)	(5.5		)	(1.7		)
Tax benefit from exercise of stock options	(39.5		)	(40.4		)	(31.1		)
Total income tax expense	$	285.0		$	265.3		$	305.5

A reconciliation of the federal statutory income tax rate to the Company’s effective income tax rate for the years ended December 31, 2014, 2013 and 2012 is as follows:

	2014		2013		2012
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State income taxes	4.6		4.6		4.6
Federal benefit of state taxes	(1.6	)	(1.6	)	(1.6	)
Foreign rate differential	(2.6	)	(2.5	)	(2.8	)
Capco contingent consideration	—		5.9		—
Other	(3.6	)	(3.9	)	(2.6	)
Effective income tax rate	31.8	%	37.5	%	32.6	%

The significant components of deferred income tax assets and liabilities as of December 31, 2014 and 2013 consist of the following (in millions):

	2014			2013
Deferred income tax assets:
Net operating loss carryforwards	$	183.2		$	155.8
Employee benefit accruals	55.5			62.0
Deferred revenue	43.7			38.0
Foreign currency translation adjustment	28.9			24.4
Accruals	27.1			30.0
Foreign tax credit carryforwards	12.7			24.4
State taxes	11.8			10.6
Allowance for doubtful accounts	3.6			4.4
Interest rate swaps	0.5			1.5
Total gross deferred income tax assets	367.0			351.1
Less valuation allowance	(121.7		)	(97.7		)
Total deferred income tax assets	245.3			253.4
Deferred income tax liabilities:
Amortization of goodwill and intangible assets	899.5			871.6
Deferred contract costs	91.1			82.2
Depreciation	48.4			49.1
Other	7.5			6.8
Total deferred income tax liabilities	1,046.5			1,009.7
Net deferred income tax liability	$	801.2		$	756.3

Deferred income taxes have been classified in the Consolidated Balance Sheets as of December 31, 2014 and 2013 as follows (in millions):

	2014			2013
Current assets	$	67.4		$	58.9
Noncurrent assets (included in other noncurrent assets)	9.5			10.5
Total deferred income tax assets	76.9			69.4
Current liabilities (included in accounts payable and accrued liabilities)	(3.7		)	(2.1		)
Noncurrent liabilities	(874.4		)	(823.6		)
Net deferred income tax liability	$	(801.2	)	$	(756.3	)

Management believes that based on its historical pattern of taxable income, projections of future income, tax planning strategies and other relevant evidence, the Company will produce sufficient income in the future to realize its deferred income tax assets. 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. We also receive periodic assessments from taxing authorities challenging our positions that 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 management's assessment of the amount of deferred income tax asset that is realizable.

As of December 31, 2014 and 2013, the Company had income taxes receivable of $12.0 million and $30.0 million, respectively. These amounts are included in other receivables in the Consolidated Balance Sheets.

As of December 31, 2014 and 2013, the Company has federal, state and foreign net operating loss carryforwards resulting in deferred tax assets of $183.2 million and $155.8 million, respectively. The federal and state net operating losses result in deferred tax assets as of December 31, 2014 and 2013 of $26.1 million and $17.8 million, respectively, which expire between 2020 and 2034. The Company has a valuation allowance related to these deferred tax assets for state net operating loss carryforwards in the amounts of $8.8 million and $11.6 million as of December 31, 2014 and 2013. The Company has foreign net operating loss carryforwards resulting in deferred tax assets as of December 31, 2014 and 2013 of $157.1 million and $138.0 million, respectively. The Company has valuation allowances related to these net operating losses as of December 31, 2014 and 2013 of $112.9 million and $86.1 million, respectively. As of December 31, 2014 and 2013, the Company had foreign tax credit carryforwards of $12.7 million and $24.4 million, respectively, which expire between 2020 and 2022.

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 2011. Currently, management believes 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. Substantially all material foreign income tax return matters have been concluded through 2007. Substantially all state income tax returns have been concluded through 2011.

The Company provides for United States income taxes on earnings of foreign subsidiaries unless they are considered permanently reinvested outside the United States. For those earnings considered to be permanently reinvested outside the United States, a determination of the amount of unrecognized deferred tax liability is not practicable at this time.

As of December 31, 2014 and 2013, the Company had gross unrecognized tax benefits of $18.4 million and $29.2 million of which $13.1 million and $19.3 million 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 January 1, 2013	$	40.4
Amount of decreases due to lapse of the applicable statute of limitations	(2.8		)
Amount of decreases due to settlements	(12.7		)
Increases as a result of tax positions taken in a prior period	4.3
Amount of unrecognized tax benefit as of December 31, 2013	29.2
Amount of decreases due to lapse of the applicable statute of limitations	(2.4		)
Amount of decreases due to settlements	(14.1		)
Increases as a result of tax positions taken in the current period	2.6
Increases as a result of tax positions taken in a prior period	3.1
Amount of unrecognized tax benefit as of December 31, 2014	$	18.4

The total amount of interest expense recognized in the Consolidated Statements of Earnings for unpaid taxes is $1.8 million, $3.1 million and $3.7 million for the years ended December 31, 2014, 2013 and 2012, respectively. The total amount of interest and penalties included in the Consolidated Balance Sheets is $7.9 million and $12.4 million as of December 31, 2014 and 2013, respectively. Interest and penalties are recorded as a component of income tax expense in the Consolidated Statements of Earnings.

Due to the expiration of various statutes of limitation in the next twelve months, an estimated $2.7 million of gross unrecognized tax benefits may be recognized during that twelve month period.

XML

Computer Software (Tables)

12 Months Ended

Dec. 31, 2014

Research and Development [Abstract]

Schedule of Intangible Assets

Intangible assets as of December 31, 2014 consist of the following (in millions):

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,761.7	$	(1,600.5	)	$	1,161.2
Trademarks	122.8		(16.0		)	106.8
	$	2,884.5	$	(1,616.5	)	$	1,268.0

Intangible assets as of December 31, 2013 consist of the following (in millions):

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,688.8	$	(1,455.1	)	$	1,233.7
Trademarks	118.8		(13.2		)	105.6
	$	2,807.6	$	(1,468.3	)	$	1,339.3

Computer software as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Software from business acquisitions	$	519.2		$	535.6
Capitalized software development costs	953.1			847.6
Purchased software	120.3			174.3
Computer software	1,592.6			1,557.5
Accumulated amortization	(699.2		)	(701.0		)
Computer software, net of accumulated amortization	$	893.4		$	856.5

XML

Employee Benefit Plans

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Employee Benefit Plans

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 varying matching amounts as specified in the ESPP. The Company recorded expense of $26.0 million, $22.0 million and $19.9 million, respectively, for the years ended December 31, 2014, 2013 and 2012, relating to the participation of FIS employees in the ESPP.

401(k) Profit Sharing Plan

The Company’s employees are covered by a qualified 401(k) plan. Eligible employees may contribute up to 40% of their pretax annual compensation, up to the 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 recorded expense of $35.6 million, $31.1 million and $28.2 million, respectively, for the years ended December 31, 2014, 2013 and 2012, relating to the participation of FIS employees in the 401(k) plan.

Stock Compensation Plans

In 2008, the Company adopted the FIS 2008 Omnibus Incentive Plan ("FIS Plan"). On October 1, 2009, in conjunction with the Metavante acquisition, the Company assumed certain vested and unvested options and restricted stock awards that the employees of Metavante held as of the acquisition date in the Amended and Restated Metavante 2007 Equity Incentive Plan ("MV Plan"). On May 29, 2013, the FIS Plan was amended and restated and combined with the MV Plan ("FIS Restated Plan"). The restatement authorized an additional 6.0 million shares for issuances under the plan, which was approved by stockholders in 2013.

A summary of the options granted (all of which vest over three years), outstanding and available for grant under these plans follows (in millions):

	FIS Plan	MV Plan	FIS Restated Plan
Available for grant as of December 31, 2012	1.8	8.5	—
Granted in 2013	—	—	4.2
Outstanding as of December 31, 2013	—	—	13.5
Available for grant as of December 31, 2013	—	—	11.7
Granted in 2014	—	—	4.4
Outstanding as of December 31, 2014	—	—	15.3
Available for grant as of December 31, 2014	—	—	6.7

The Company also has fully vested options outstanding related to a previous stock incentive plan as well as options assumed in connection with merger and acquisition transactions and the transaction through which FIS became independent of FNF. As of December 31, 2014 and 2013, there were 0.1 million and 0.3 million options outstanding, respectively, related to these plans that expire over periods through 2017.

The following schedule summarizes the stock option activity for the years ended December 31, 2014, 2013 and 2012 (in millions except for per share amounts):

	Shares		Weighted Average Exercise Price
Balance, December 31, 2011	30.4		$	21.78
Granted	2.0		33.97
Exercised	(16.2	)	20.62
Cancelled	(0.4	)	25.50
Balance, December 31, 2012	15.8		24.39
Granted	4.2		48.64
Exercised	(6.1	)	22.64
Cancelled	(0.1	)	31.58
Balance, December 31, 2013	13.8		32.49
Granted	4.4		58.72
Exercised	(2.7	)	22.69
Cancelled	(0.1	)	46.21
Balance, December 31, 2014	15.4		41.56

The intrinsic value of options exercised during the years ended December 31, 2014, 2013 and 2012 was $92.5 million, $134.9 million and $202.3 million, respectively. The Company generally issues shares from treasury stock for stock options exercised.

The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2014:

	Outstanding Options						Exercisable Options
Range of Exercise Price	Number of Options	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Intrinsic Value as of December 31, 2014 (a)		Number of Options	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Intrinsic Value as of December 31, 2014 (a)
	(In millions)				(In millions)		(In millions)				(In millions)
$ 0.00 - $22.55	1.7	1.83	$	20.05	$	69.9	1.7	1.83	$	20.05	$	69.9
$22.56 - $25.76	1.7	3.82	25.66		61.9		1.7	3.82	25.66		61.9
$25.77 - $27.40	2.0	2.81	27.10		69.2		2.0	2.81	27.10		69.2
$27.41 - $34.33	1.6	4.58	33.50		45.1		1.0	4.46	33.27		29.3
$34.34 - $48.75	4.1	5.83	48.66		55.6		0.0	5.14	39.54		0.6
$48.76 - $64.04	4.3	6.86	58.72		15.1		—	N/A	—		—
$  0.00 - $64.04	15.4	4.95	$	41.56	$	316.8	6.4	3.10	$	25.91	$	230.9

_________________________

(a) Intrinsic value is based on a closing stock price as of December 31, 2014 of $62.20.

The weighted average fair value of options granted during the years ended December 31, 2014, 2013 and 2012 was estimated to be $9.15, $7.85 and $8.08, respectively, using the Black-Scholes option pricing model with the assumptions below:

	2014		2013		2012
Risk free interest rate	1.4	%	1.0	%	0.6	%
Volatility	21.2	%	23.3	%	35.8	%
Dividend yield	1.6	%	1.8	%	2.4	%
Weighted average expected life (years)	4.2		4.2		4.3

The Company estimates future forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ from those estimates.  The Company bases the risk-free interest rate that is used in the stock option valuation 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 changes of the Company's common stock over the most recent period commensurate with the expected term of the option 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 expected future trends.

The Company granted a total of 0.8 million restricted stock shares at prices ranging from $52.85 to $64.04 on various dates in 2014. The Company granted a total of 0.8 million restricted stock shares at prices ranging from $36.49 to $52.19 on various dates in 2013. The Company granted a total of 1.3 million restricted stock shares at prices ranging from $30.70 to $34.89 on various dates in 2012. These shares were granted at the closing market price on the date of grant and vest annually over three years. As of December 31, 2014 and 2013, we have approximately 1.8 million and 2.3 million unvested restricted shares remaining.

The Company has provided for total stock compensation expense of $57.4 million, $57.4 million and $86.6 million for the years ended December 31, 2014, 2013 and 2012, respectively, which is included in selling, general, and administrative expense in the Consolidated Statements of Earnings, unless the expense is attributable to a discontinued operation. Of the total stock compensation expense, $1.7 million, $4.0 million and $2.8 million for 2014, 2013 and 2012, respectively, relates to liability based awards that will not be credited to additional paid in capital until issued.

As of December 31, 2014 and 2013, the total unrecognized compensation cost related to non-vested stock awards is $131.1 million and $108.0 million, respectively, which is expected to be recognized in pre-tax income over a weighted average period of 1.7 years and 1.7 years, respectively.

German Pension Plans

Our German operations have unfunded, defined benefit plan obligations. These obligations relate to benefits to be paid to German employees upon retirement. The accumulated benefit obligation as of December 31, 2014 and 2013, was $50.6 million and $44.9 million, respectively, and the projected benefit obligation was $51.6 million and $45.9 million, respectively. The plan remains unfunded as of December 31, 2014.

XML

Long-Term Debt (Schedule Effect of Derivative Instruments on the Company's Condensed Consolidated Statements of Earnings) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Interest expense [Member]
Effect of derivative instruments
Interest expense	$ (6.3)	$ (5.5)	$ (7.7)
Interest Rate Swap [Member]
Effect of derivative instruments
Interest rate swap contracts	$ (3.5)	$ 0.5	$ (11.0)

XML

Consolidated Statement of Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.96	$ 0.88	$ 0.80

XML

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
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 Outstanding (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)	600,000,000	600,000,000
Common Stock, Shares Outstanding (in shares)	387,600,000	387,000,000
Treasury Stock, Shares Authorized (in shares)	102,700,000	96,400,000

XML

Intangible Assets

12 Months Ended

Dec. 31, 2014

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

Intangible Assets

Intangible Assets

Customer relationships intangible assets are obtained as part of acquired businesses and are amortized over their estimated useful lives, generally five to 10 years, using accelerated methods. Trademarks determined to have indefinite lives are not amortized. Certain other trademarks are amortized over periods ranging up to 15 years. As of December 31, 2014 and 2013, trademarks carried at $82.3 million and $80.8 million, respectively, were classified as indefinite lived.

Intangible assets as of December 31, 2014 consist of the following (in millions):

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,761.7	$	(1,600.5	)	$	1,161.2
Trademarks	122.8		(16.0		)	106.8
	$	2,884.5	$	(1,616.5	)	$	1,268.0

Intangible assets as of December 31, 2013 consist of the following (in millions):

	Cost		Accumulated Amortization			Net
Customer relationships	$	2,688.8	$	(1,455.1	)	$	1,233.7
Trademarks	118.8		(13.2		)	105.6
	$	2,807.6	$	(1,468.3	)	$	1,339.3

Amortization expense for intangible assets with finite lives was $215.0 million, $233.1 million and $246.4 million for the years ended December 31, 2014, 2013 and 2012, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was amortization expense on intangible assets of $5.1 million for the year ended December 31, 2012. There was no amortization expense in discontinued operations for the years ended December 31, 2014 and 2013.

Estimated amortization of intangibles, including the contract intangible in our Brazilian Venture, which is amortized as a reduction in revenue, for the next five years is as follows (in millions):

2015	$	220.8
2016	212.0
2017	206.7
2018	205.5
2019	206.0

XML

Document and Entity Information	12 Months Ended
	Dec. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Fidelity National Information Services, Inc.
Entity Central Index Key	0001136893
Document Type	8-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false

XML

Computer Software

12 Months Ended

Dec. 31, 2014

Research and Development [Abstract]

Computer Software

Computer Software

Computer software as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Software from business acquisitions	$	519.2		$	535.6
Capitalized software development costs	953.1			847.6
Purchased software	120.3			174.3
Computer software	1,592.6			1,557.5
Accumulated amortization	(699.2		)	(701.0		)
Computer software, net of accumulated amortization	$	893.4		$	856.5

Amortization expense for computer software was $209.7 million, $195.8 million and $195.5 million for the years ended December 31, 2014, 2013 and 2012, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was amortization expense on computer software of$3.1 million for the year ended December 31, 2012. There was no amortization expense in discontinued operations for 2014 and 2013.

XML

Employee Benefit Plans (Schedule of Stock Option Activity) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning Balance, Shares	13.8	15.8	30.4
Granted, Shares	4.4	4.2	2.0
Exercised, Shares	(2.7)	(6.1)	(16.2)
Cancelled, Shares	(0.1)	(0.1)	(0.4)
Ending Balance, Shares	15.4	13.8	15.8
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Beginning Balance	$ 32.49	$ 24.39	$ 21.78
Granted	$ 58.72	$ 48.64	$ 33.97
Exercised	$ 22.69	$ 22.64	$ 20.62
Cancelled	$ 46.21	$ 31.58	$ 25.50
Ending Balance	$ 41.56	$ 32.49	$ 24.39

XML

Consolidated Statements of Earnings (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Income Statement [Abstract]
Processing and services revenues (for related party activity, see note 5)	$ 6,413.8		$ 6,063.4		$ 5,795.8
Cost of revenues (for related party activity, see note 5)	4,332.7		4,092.7		3,956.2
Gross profit	2,081.1		1,970.7		1,839.6
Selling, general, and administrative expenses (for related party activity, see note 5)	810.5		907.8		763.3
Operating income	1,270.6		1,062.9		1,076.3
Other income (expense):
Interest income	15.3		10.4		8.6
Interest expense	(172.8)		(198.6)		(231.3)
Other income (expense), net	(59.7)		(51.2)		(25.3)
Total other income (expense)	(217.2)		(239.4)		(248.0)
Earnings from continuing operations before income taxes	1,053.4		823.5		828.3
Provision for income taxes	335.1		308.9		270.1
Earnings from continuing operations, net of tax	718.3		514.6		558.2
Earnings (loss) from discontinued operations, net of tax	(11.4)		3.1		(77.1)
Net earnings	706.9		517.7		481.1
Net earnings attributable to noncontrolling interest	(27.8)		(24.6)		(19.9)
Net earnings attributable to FIS common stockholders	679.1		493.1		461.2
Net earnings per share — basic from continuing operations attributable to FIS common stockholders (in dollars per share)	$ 2.42		$ 1.69		$ 1.84
Net earnings (loss) per share — basic from discontinued operations attributable to FIS common stockholders (in dollars per share)	$ (0.04)		$ 0.01		$ (0.26)
Net earnings per share — basic attributable to FIS common stockholders (in dollars per share)	$ 2.38	[1]	$ 1.70	[1]	$ 1.58	[1]
Weighted average shares outstanding — basic	284.8		289.7		291.8
Net earnings per share — diluted from continuing operations attributable to FIS common stockholders (in dollars per share)	$ 2.39		$ 1.67		$ 1.81
Net earnings (loss) per share — diluted from discontinued operations attributable to FIS common stockholders (in dollars per share)	$ (0.04)		$ 0.01		$ (0.26)
Net earnings per share — diluted attributable to FIS common stockholders (in dollars per share)	$ 2.35	[1]	$ 1.68	[1]	$ 1.55	[1]
Weighted average shares outstanding — diluted (shares)	288.7		294.2		297.5
Amounts attributable to FIS common stockholders:
Earnings from continuing operations, net of tax	690.5		490.0		538.3
Earnings (loss) from discontinued operations, net of tax	(11.4)		3.1		(77.1)
Net earnings attributable to FIS common stockholders	$ 679.1		$ 493.1		$ 461.2

[1] Amounts may not sum due to rounding.

XML

Components of Other Comprehensive Earnings

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Components of Other Comprehensive Earnings

Components of Other Comprehensive Earnings

The following table shows accumulated other comprehensive earnings ("AOCE") attributable to FIS by component, net of tax, for the year ended December 31, 2014 (in millions):

				Foreign
	Interest Rate			Currency
	Swap			Translation
	Contracts			Adjustments			Other			Total
Balances, December 31, 2013	$	(2.4	)	$	(3.0	)	$	(4.5	)	$	(9.9	)
Other comprehensive gain/(loss) before reclassifications	(2.2		)	(92.2		)	(6.8		)	(101.2		)
Amounts reclassified from AOCE	3.9			—			—			3.9
Net current period AOCE attributable to FIS	1.7			(92.2		)	(6.8		)	(97.3		)
Balances, December 31, 2014	$	(0.7	)	$	(95.2	)	$	(11.3	)	$	(107.2	)

The amount reclassified from AOCE for interest rate swap contracts includes $6.3 million recorded as interest expense, reduced by a related $2.4 million provision for income taxes. See Note 14 for the tax provision associated with each component of other comprehensive income.

XML

Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

As described below, certain operations are reported as discontinued in the Consolidated Statements of Earnings for the years ended December 31, 2014, 2013 and 2012. The revenues and earnings (losses) of the businesses included in discontinued operations for the periods presented were as follows:

Revenues		2014		2013		2012
	eCas business line	$	3.0	$	7.3	$	11.8
	ClearPar	—		—		—
	Healthcare Benefit Solutions Business	—		—		80.5
	Participacoes operations	—		—		—
	Total discontinued operations	$	3.0	$	7.3	$	92.3

Earnings (loss) from discontinued operations net of tax:		2014			2013			2012
	eCas business line	$	(5.1	)	$	1.2		$	2.1
	ClearPar	—			16.7			—
	Healthcare Benefit Solutions Business	—			0.1			(47.8		)
	Participacoes operations	(6.3		)	(14.9		)	(31.4		)
	Total discontinued operations	$	(11.4	)	$	3.1		$	(77.1	)

China eCas Business Line

During the second quarter of 2014, the Company committed to a plan to sell our business operation that provides eCas core banking software solutions to small financial institutions in China because it did not align with our strategic plans. This line of business was previously included in the former ISG segment.

Healthcare Benefit Solutions Business

On June 25, 2012, we entered into a definitive agreement to sell our Healthcare Benefit Solutions Business ("Healthcare Business") because its operations did not align with our strategic plans. The all-cash transaction closed on August 15, 2012 and we received cash proceeds of $332.2 million. We recorded a pre-tax gain of $22.0 million and tax expense on the sale of $78.3 million, which resulted from the allocation of goodwill with minimal tax basis. The results of operations of the Healthcare Business were previously included in the former PSG segment.

Brazil Item Processing and Remittance Services Operations

During the third quarter of 2010, the Company decided to pursue strategic alternatives for Fidelity National Participacoes Ltda. (“Participacoes”). Participacoes' processing volume was transitioned to other vendors or back to its clients during the second quarter of 2011. Participacoes had expenses of $10.1 million, $23.1 million and $47.5 million during the years ended December 31, 2014, 2013 and 2012, respectively. As a result of the dismissal of employees related to the shut-down activities completed in 2011, the years ended December 31, 2014, 2013 and 2012 included charges of $5.1 million, $15.7 million and $39.1 million, respectively, to settle claims or increase our provision for potential labor claims. The shut-down activities involved the transfer and termination of approximately 2,600 employees. As of December 31, 2014, there are approximately 790 active labor claims. Former employees generally had up to two years from the date of termination to file labor claims, which extended through April 2013. Consequently, we have continued exposure on these active claims, which were not transferred with other assets and liabilities in the disposal. Our accrued liability for active labor claims, net of $13.8 million in court ordered deposits, is $17.6 million as of December 31, 2014. Any changes in the estimated liability related to these labor claims will be recorded as discontinued operations.

In 2004, Proservvi Empreendimentos e Servicios, Ltda., the predecessor to Fidelity National Servicos de Tratamento de Documentos e Informatica Ltda. (“Servicos”), a subsidiary of Participacoes, 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 that Prosegur and Servicos were successors in interest to Transpev.

To date, the Brazilian tax authorities filed four claims against Servicos asserting potential tax liabilities of approximately $8.0 million. There are potentially 26 additional claims against 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 $60.0 million making the total potential exposure for all 30 claims approximately $68.0 million. While a liability for these 30 total claims is possible, we do not believe it is probable or reasonably estimable and therefore have not reserved for any of these claims.

ClearPar

On January 1, 2010, FIS sold certain assets and liabilities constituting our ClearPar automated syndicated loan trade settlement business. Terms of the sale included an initial cash payment of $71.5 million at closing, with the potential for an additional contingent earn-out payment calculated as a function of the business' 2012 operating results. In May 2013, we recorded in discontinued operations a gain of $26.8 million ($16.7 million, net of tax) upon final determination and receipt of the earn-out payment.

XML

Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Litigation

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

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

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

CheckFree Corporation and CashEdge, Inc. v. Metavante Corporation and Fidelity National Information Services, Inc.

This is a patent infringement action that was filed by CheckFree Corporation and CashEdge, Inc., subsidiaries of Fiserv, Inc. (collectively, the "Plaintiffs") against Fidelity National Information Services, Inc. and our subsidiary, Metavante Corporation (collectively the “Defendants”) in the U.S. District Court for the Middle District of Florida, Jacksonville Division on January 5, 2012. The complaint seeks damages, injunctive relief and attorneys' fees for the alleged infringement of three patents. Plaintiffs allege that the Defendants infringe the patents at issue by providing customers financial and payment solutions that process payment instructions, provide electronic biller notifications, and/or process account-to-account funds transfer transactions and have requested financial damages and injunctive relief. Defendants filed their Answer and Counterclaims to Plaintiffs' complaint for patent infringement denying the claims of patent infringement and asserting defenses, including non-infringement and invalidity. Additionally, Defendants filed counterclaims asserting patent infringement of three patents and adding Fiserv, Inc. as a Counter Defendant. Defendants seek damages, injunctive relief and attorneys' fees. Plaintiffs and Counter Defendant Fiserv, Inc., filed their Answer to Defendants' counterclaims denying the claims of patent infringement and asserting defenses, including non-infringement and invalidity. In the fourth quarter of 2012, the Court granted Plaintiffs' Motion to Amend its First Amended Complaint to add a fourth patent and Defendants' Motion to Amend its First Amended Answer and Counterclaims. Defendants filed a Motion for Summary Judgment seeking an order invalidating all of the Plaintiffs' asserted patents. Plaintiffs filed a Motion for Summary Judgment seeking to invalidate select patent claims from one of Defendants' asserted patents.   On June 24, 2013, Defendants filed for covered business method (“CBM”) post-grant reviews of the validity of the Plaintiff's asserted patents at the US Patent and Trademark Office ("USPTO").  On June 25, 2013, Defendants filed a Motion to Stay the case pending the outcome of the CBM post-grant reviews.  The Court denied Plaintiffs' Motion for Summary Judgment. On December 23, 2013, the US Patent Office instituted Defendants’ CBM Petitions, thereby agreeing to review the validity of Plaintiff's patents. Additionally, on January 17, 2014, the Court granted Defendants’ Motion to Stay the litigation pending the outcome of the CBM review proceedings. On December 22, 2014, the Patent Trial and Appeal Board (“PTAB”) issued final written decisions on Defendants’ CBM Petition holding that all claims of each of the Plaintiffs' four patents are unpatentable. On January 6, 2015, the Court issued an Endorsed Order requesting the parties file, on or before March 31, 2015, a joint report advising how the parties intend to proceed in this matter. Unless appeals are filed and the PTAB’s decisions are reversed, Defendants will have no liability for infringement of the asserted patents.

DataTreasury Corporation v. Fidelity National Information Services, Inc. et. al.

This patent infringement lawsuit was filed on May 28, 2013 by DataTreasury Corporation (the “Plaintiff”) against Fidelity National Information Services, Inc. (the “Company”) and multiple customer banks in the US District Court for the Eastern District of Texas, Marshall Division.  Plaintiff alleges that the Company infringes the patents at issue by making, using, selling or offering to sell systems and methods for image-based check processing. The Complaint seeks damages, injunctive relief and attorneys' fees for the alleged infringement of two patents.  On October 25, 2013, the Company filed for CBM post-grant reviews of the validity of the Plaintiff's asserted patents at the USPTO.  The Company filed a Motion to Stay the case pending the outcome of the CBM post-grant reviews. On April 29, 2014, the USPTO instituted the Company's two CBM petitions. On August 14, 2014, the Court granted the Company's Motion to Stay the litigation pending the outcome of the CBM review proceedings. The parties are waiting for the PTAB to issue final written decisions in the CBM post-grant review proceedings. An estimate of a possible loss or range of possible loss, if any, for this action cannot be made at this time.

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 clients' use of the Company's software applications or services. 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, and would recognize any such losses when they are estimable. In addition, the Company warrants to clients 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.

Leases

The Company leases certain of its property under leases which expire at various dates. Several of these agreements include escalation clauses and provide for purchases and renewal options for periods ranging from one to five years.

Future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending December 31, 2019, and thereafter, in the aggregate, are as follows (in millions):

2015	$	62.3
2016	56.7
2017	45.2
2018	34.2
2019	23.9
Thereafter	44.3
Total	$	266.6

In addition, the Company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $4.6 million per year that renew on a short-term basis. See Note 7 for information on the Company's capital lease obligations.

Rent expense incurred under all operating leases during the years ended December 31, 2014, 2013 and 2012, was $85.3 million, $80.0 million and $86.0 million, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was rent expense of $0.6 million for the year ended December 31, 2012. There was no rent expense in discontinued operations for the years ended December 31, 2014 and 2013.

Data Processing and Maintenance Services Agreements.  The Company has agreements with various vendors, which expire between 2015 and 2023, for portions of its computer data processing operations and related functions. The Company’s estimated aggregate contractual obligation remaining under these agreements was approximately $533.7 million as of December 31, 2014. 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 data processing needs.

XML

Deferred Contract Costs

12 Months Ended

Dec. 31, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deferred Contract Costs

Deferred Contract Costs

Deferred contract costs as of December 31, 2014 and 2013 consists of the following (in millions):

	2014		2013
Installations and conversions in progress	$	17.9	$	10.9
Installations and conversions completed, net	90.8		107.9
Sales commissions and other, net	104.5		88.0
Total deferred contract costs	$	213.2	$	206.8

Amortization of deferred contract costs was $71.5 million, $66.6 million and $73.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

XML

Concentration of Risk (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Risks and Uncertainties [Abstract]
Entity-Wide Revenue, Major Customer, Percentage	10.00%	10.00%	10.00%

XML

Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Land	$	28.1		$	28.1
Buildings	186.9			182.0
Leasehold improvements	111.7			97.0
Computer equipment	718.6			629.5
Furniture, fixtures, and other equipment	159.1			140.8
	1,204.4			1,077.4
Accumulated depreciation and amortization	(721.1		)	(638.4		)
	$	483.3		$	439.0

During the years ended December 31, 2014 and 2013, the Company entered into capital lease obligations of $26.1 million and $16.9 million, respectively, for certain computer hardware and software. The assets are included in property and equipment and computer software and the remaining capital lease obligation is classified as long-term debt on our Consolidated Balance Sheet as of December 31, 2014. Periodic payments are included in repayment of borrowings on the Consolidated Statements of Cash Flows.

Depreciation and amortization expense on property and equipment, including that recorded under capital leases, amounted to $130.1 million, $119.0 million and $117.8 million for the years ended December 31, 2014, 2013 and 2012, respectively. Included in discontinued operations in the Consolidated Statements of Earnings was depreciation and amortization expense on property and equipment of $1.3 million for the year ended December 31, 2012. There was no depreciation and amortization expense in discontinued operations for the years ended December 31, 2014 and 2013.

XML

Intangible Assets (Schedule of Estimated Amortization of Intangibles for the Next Five Years) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
2015	$ 220.8
2016	212.0
2017	206.7
2018	205.5
2019	$ 206.0

XML

Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

We are a participant to certain related party agreements described below.

Revenues and Expenses

A detail of related party items included in revenues for the years ended December 31, 2014, 2013 and 2012 is as follows (in millions):

	Years ended December 31,
	2014		2013		2012
Banco Bradesco Brazilian Venture revenue	$	277.4	$	296.2	$	287.6
FNF data processing services revenue (1)	—		—		30.2
Ceridian data processing and services revenue (1)	—		—		74.0
Total related party revenues	$	277.4	$	296.2	$	391.8

(1) Through September 30, 2012.

There were no related party expenses for the years ended December 31, 2014 and 2013. Administrative corporate support and other services with FNF of $3.4 million and employee benefits services of $0.6 million with Ceridian were included in 2012 expenses.

Brazilian Venture

The Company operates a joint venture ("Brazilian Venture") with Banco Bradesco S.A. ("Banco Bradesco") in which we own a 51% controlling interest, to provide comprehensive, fully outsourced transaction processing, call center, cardholder support and collection services to multiple card issuing clients in Brazil, including Banco Bradesco. The original accounting for this transaction resulted in the establishment of a contract intangible asset and a liability for amounts payable to the original partner banks upon final migration of their respective card portfolios and achieving targeted volumes (the “Brazilian Venture Notes”). The unamortized contract intangible asset balance as of December 31, 2014 was $147.0 million. Upon the exit of one partner bank, certain terms of the Brazilian Venture were subsequently renegotiated between Banco Bradesco and FIS and were memorialized in an Amended Association Agreement in November 2010. Among other things, the payout for the Brazilian Venture Notes was extended over a ten-year period. Additional performance remuneration provisions upon the achievement of targeted account and transaction volumes were renegotiated, for which additional related party payables were recorded as of December 31, 2010, based on management's expectation that the targets will be met. The passage of time and the achievement of certain targets triggered payments to Banco Bradesco of $5.5 million and $9.9 million in 2014 and 2013, respectively. The remaining related party payable was $42.9 million and $48.2 million as of December 31, 2014 and 2013, respectively. In addition, the board of directors for the Brazilian Venture declared a one-time dividend during the year ended December 31, 2014, resulting in a payment of $34.8 million to Banco Bradesco and thereby reducing the value of the noncontrolling interest as of December 31, 2014 to $121.5 million. The remaining Brazilian Venture revenues included $29.7 million of unfavorable currency impact during the year ended December 31, 2014 resulting from a stronger U.S. Dollar in 2014, as compared to 2013.

The Brazilian Venture currently processes approximately58 million cards for clients in Brazil and provides call center, cardholder support and collection services for their card portfolios.

FNF

FIS had shared a number of directors and executives with Fidelity National Financial, Inc. ("FNF"), our former parent, subsequent to becoming an independent company. As a result, FNF qualified as a related party from an accounting perspective. As previously reported, William P. Foley II, who serves as Chairman of the Board of Directors of FNF, transitioned from Executive Chairman to Chairman of the Board of FIS in February 2011, and then to Vice Chairman in March 2012. Certain other key executives shared between the two companies ended their employment with FIS during 2012. As a result, FNF's level of influence over the management or operating policies of FIS was diminished below the level required to meet the definition of a related party as of September 30, 2012. All transactions with FNF are, therefore, included in the related party disclosures through that date.

Ceridian

We provide data processing services to Ceridian Corporation (“Ceridian”), and Ceridian provides us with outsourced employee benefits services. FNF holds an approximate 32% equity interest in Ceridian; therefore, transactions with Ceridian are included as related party activity through September 30, 2012, consistent with the inclusion of FNF as addressed above.

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

XML

Acquisitions

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Acquisitions

Acquisitions

The results of operations and financial position of the entities acquired during the years ended December 31, 2014, 2013 and 2012, are included in the Consolidated Financial Statements from and after the date of acquisition. The Company completed a number of acquisitions in 2014, 2013 and 2012 that were not significant, individually or in the aggregate, including Clear2Pay NV. ("Clear2Pay"), for $461.5 million in October 2014, Reliance Financial Corporation ("Reliance") for $110.0 million in July 2014, Credit Management Solutions, Inc. ("CMSI"), for $29.0 million in April 2014, mFoundry, Inc. ("mFoundry"), for $115.0 million in March 2013, ProNet Solutions, Inc. ("ProNet") for $22.3 million in October 2012, Integrated Compliance Solutions LLC ("ICS") for $20.2 million in April 2012 and Memento Inc. ("Memento") for $24.9 million in April 2012.

The addition of Clear2Pay will expand FIS’ global payments capabilities and enhance our ability to deliver differentiated enterprise payments solutions. Because the Clear2Pay purchase price was denominated in Euros, we initiated a foreign currency forward contract to purchase Euros and sell U.S. Dollars to manage the risk arising from fluctuations in exchange rates until the closing.  As this derivative did not qualify for hedge accounting, we recorded a charge of $16.2 million in Other income (expense), net during the third quarter of 2014.  This forward contract was settled on October 1, 2014. 

Our acquisition of Atlanta-based Reliance enables us to provide a full-service wealth management and retirement offering encompassing technology, full back-office operations outsourcing, and retirement trust and fiduciary services.

The Capco purchase price in 2010 included cash consideration of $297.8 million at closing plus future contingent consideration valued at $113.7 million based on targeted operating performance in 2013 through 2015. We recorded an additional charge of $85.2 million in December 2013 as a result of amendments to the earn-out provisions based on management's outlook and increased projections of Capco's future results in light of its consistently improving performance. The amendments established a final agreed amount in total cash contingent consideration and number of shares in equity contingent consideration, subject to reduction and forfeiture provisions if operating performance targets are not met. The liability had previously been reduced by $22.3 million in 2011 and increased by $43.9 million in 2013 based on forecasts of achievement of targeted operating performance. No adjustments were required in 2014 and 2012. The remaining contingent consideration liability is $103.3 million as of December 31, 2014. The remaining payments will be made over the next two years.

In conjunction with the acquisition, Capco and FIS established a New Hires and Promotions Incentive Plan ("NHPP") to attract new employees and to retain and incent existing employees and management. This plan provided for aggregate payments of up to $67.8 million to eligible participants upon achievement of targeted operating performance in 2013 through 2015. The NHPP was amended and restated in December 2013 to: (1) fix the total amount payable at $43.4 million, subject to reduction and forfeiture provisions; (2) establish the named participants and their respective unit allocations; and (3) eliminate any continued service requirements to FIS by the participants after the amendment date. Based on management's expectation that the operating performance measures will be achieved, the liability for the NHPP was adjusted to the present value of the amended total payout, with the resulting increase of $18.1 million recorded in 2013. Prior to the amendment, the expected liability was being expensed over the performance period, which was deemed to equal the service period.

XML

Goodwill

12 Months Ended

Dec. 31, 2014

Goodwill [Abstract]

Goodwill

Goodwill

Changes in goodwill during the years ended December 31, 2014 and 2013 are summarized as follows (in millions):

	IFS			GFS			Total
Balance, December 31, 2012	$	6,596.0		$	1,785.5		$	8,381.5
Goodwill acquired during 2013	115.7			2.8			118.5
Purchase price and foreign currency adjustments	(0.1		)	0.1			—
Balance, December 31, 2013	6,711.6			1,788.4			8,500.0
Goodwill acquired during 2014	74.2			329.8			404.0
Purchase price and foreign currency adjustments	—			(26.4		)	(26.4		)
Balance, December 31, 2014	$	6,785.8		$	2,091.8		$	8,877.6

In performing the step zero qualitative analysis for 2014, examining those factors most likely to affect our valuations, we concluded that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts. As a result, no reporting units were at risk of impairment as of the September 30, 2014 measurement date (see Note 2 (g)). In conjunction with the change in reportable segments, we updated our procedures for 2014. We reallocated goodwill to the new reportable segments based on relative fair values as of January 1, 2015 and performed a step one quantitative analysis for impairment. Based upon the results of this test, there were no indications of impairment for any of our reporting units.

XML

Long-Term Debt (Schedule of Long Term Debt) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014	Apr. 15, 2013
Debt Instrument [Line Items]
Other	$ 22.7	$ 27.1
Total	5,067.7	4,468.6
Current portion	(13.1)	(128.8)
Long-term debt, excluding current portion	5,054.6	4,339.8
Term Loan A-4, quarterly principal amortization [Member]
Debt Instrument [Line Items]
Term Loan	1,300.0	1,962.5
Total	1,300.0
Applicable margin	1.75%
Weighted average interest rate	1.41%
Senior Notes due 2017, interest payable semi-annually at 1.450% [Member]
Debt Instrument [Line Items]
Senior Notes	300.0	0	300.0
Interest rate	1.45%	1.45%	1.45%
Total	300.0
Senior Notes due 2018, interest payable semi-annually at 2.000% [Member]
Debt Instrument [Line Items]
Senior Notes	250.0	250.0		250.0
Interest rate	2.00%	2.00%		2.00%
Total	250.0
Senior Notes due 2020, interest payable semi-annually at 7.875% [Member]
Debt Instrument [Line Items]
Senior Notes	0	500.0
Interest rate	7.875%	7.875%
Senior Notes due 2022, interest payable semi-annually at 5.000% [Member]
Debt Instrument [Line Items]
Senior Notes	700.0	700.0
Interest rate	5.00%	5.00%
Total	700.0
Senior Notes due 2023, interest payable semi-annually at 3.500% [Member]
Debt Instrument [Line Items]
Senior Notes	1,000.0	1,000.0	1,000.0	1,000.0
Interest rate	3.50%	3.50%		3.50%
Total	1,000.0
Senior Notes due 2024, interest payable semi-annually at 3.875% [Member]
Debt Instrument [Line Items]
Senior Notes	700.0	0	700.0
Interest rate	3.875%	3.875%	3.875%
Total	700.0
Revolving Loan [Member]
Debt Instrument [Line Items]
Term Loan	$ 795.0	$ 29.0
Applicable margin	1.75%
Line of credit facility unused commitment fee percentage	0.25%
Line Of Credit Facility Marginal Rates	1.25%

XML

Segment Information (Schedule of Financial Information for the Company's Segments) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Processing and services revenues	$ 6,413,800,000	$ 6,063,400,000	$ 5,795,800,000
Operating income	1,270,600,000	1,062,900,000	1,076,300,000
Earnings from continuing operations before income taxes	1,053,400,000	823,500,000	828,300,000
Depreciation and amortization (1)	626,300,000	614,600,000	632,800,000
Total assets	14,520,500,000	13,960,100,000
Goodwill	8,877,600,000	8,500,000,000	8,381,500,000
Capital Lease Obligations	26,100,000	16,900,000
Continuing Operations [Member]
Segment Reporting Information [Line Items]
Processing and services revenues	6,413,800,000	6,063,400,000	5,795,800,000
Operating expenses	5,143,200,000	5,000,500,000	4,719,500,000
Operating income	1,270,600,000	1,062,900,000	1,076,300,000
Other income (expense) unallocated	(217,200,000)	(239,400,000)	(248,000,000)
Earnings from continuing operations before income taxes	1,053,400,000	823,500,000	828,300,000
Depreciation and amortization (1)	626,300,000	614,600,000	622,800,000
Capital expenditures	397,300,000	353,100,000	297,400,000
Total assets	14,512,500,000	13,958,500,000	13,540,800,000
Goodwill	8,877,600,000	8,500,000,000	8,381,500,000
IFS [Member]
Segment Reporting Information [Line Items]
Goodwill	6,785,800,000	6,711,600,000	6,596,000,000
IFS [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Processing and services revenues	3,858,800,000	3,712,000,000	3,554,000,000
Operating expenses	2,544,000,000	2,424,400,000	2,342,000,000
Operating income	1,314,800,000	1,287,600,000	1,212,000,000
Depreciation and amortization (1)	216,300,000	199,900,000	202,600,000
Capital expenditures	198,700,000	198,000,000	170,500,000
Total assets	9,049,200,000	8,776,100,000	8,411,200,000
Goodwill	6,785,800,000	6,711,600,000
GFS [Member]
Segment Reporting Information [Line Items]
Goodwill	2,091,800,000	1,788,400,000	1,785,500,000
GFS [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Processing and services revenues	2,557,300,000	2,353,900,000	2,241,600,000
Operating expenses	2,170,400,000	2,003,900,000	1,924,400,000
Operating income	386,900,000	350,000,000	317,200,000
Depreciation and amortization (1)	158,800,000	151,000,000	157,500,000
Capital expenditures	189,700,000	144,600,000	116,800,000
Total assets	4,135,800,000	3,783,200,000	3,579,400,000
Goodwill	2,091,800,000	1,788,400,000
Corporate and Other [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Processing and services revenues	(2,300,000)	(2,500,000)	200,000
Operating expenses	428,800,000	572,200,000	453,100,000
Operating income	(431,100,000)	(574,700,000)	(452,900,000)
Depreciation and amortization (1)	251,200,000	263,700,000	262,700,000
Capital expenditures	8,900,000	10,500,000	10,100,000
Total assets	1,327,500,000	1,399,200,000	1,550,200,000
Goodwill	0	0	0
Healthcare Benefit Solutions Business [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization, discontinued operations			$ 10,000,000

XML

Long-Term Debt (Schedule of Interest Rate Swap Transactions) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Interest rate swap
Notional amount	$ 700.0
One Month Libor Rate In Effect	0.17%
Interest Rate Swap One [Member]
Interest rate swap
Effective date	Jul. 01, 2012
Termination date	Jul. 01, 2015
Notional amount	300.0
FIS pays fixed rate of	0.58%
Interest Rate Swap Two [Member]
Interest rate swap
Effective date	Feb. 03, 2014
Termination date	Feb. 01, 2017
Notional amount	$ 400.0
FIS pays fixed rate of	0.89%

XML

Accounts Payable and Accrued Liabilities (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities, Current [Abstract]
Salaries and incentives	$ 137.6	$ 163.7
Accrued benefits and payroll taxes	53.9	58.9
Trade accounts payable	186.8	147.0
Accrued claims and claims payable	20.8	26.8
Accrued interest payable	21.8	40.9
Taxes other than income tax	47.5	45.4
Capco acquisition related liabilities	61.1	69.4
Other accrued liabilities	200.8	215.9
Total accounts payable and accrued liabilities	$ 730.3	$ 768.0

XML

Goodwill (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill [Abstract]

Changes in goodwill, net of purchase accounting adjustments

Changes in goodwill during the years ended December 31, 2014 and 2013 are summarized as follows (in millions):

	IFS			GFS			Total
Balance, December 31, 2012	$	6,596.0		$	1,785.5		$	8,381.5
Goodwill acquired during 2013	115.7			2.8			118.5
Purchase price and foreign currency adjustments	(0.1		)	0.1			—
Balance, December 31, 2013	6,711.6			1,788.4			8,500.0
Goodwill acquired during 2014	74.2			329.8			404.0
Purchase price and foreign currency adjustments	—			(26.4		)	(26.4		)
Balance, December 31, 2014	$	6,785.8		$	2,091.8		$	8,877.6

XML

Components of Other Comprehensive Earnings - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax Beginning Balance	$ (9.9)
Accumulated Other Comprehensive Income (Loss), Net of Tax Ending Balance	(107.2)	(9.9)
Provision for income taxes	335.1	308.9	270.1
Interest Rate Swap Contracts [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax Beginning Balance	(2.4)
Other comprehensive gain/(loss) before reclassifications	(2.2)
Amounts reclassified from AOCE	3.9
Net current period AOCE attributable to FIS	1.7
Accumulated Other Comprehensive Income (Loss), Net of Tax Ending Balance	(0.7)
Interest Rate Swap Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Interest benefit (expense), net	(6.3)
Provision for income taxes	(2.4)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax Beginning Balance	(3.0)
Other comprehensive gain/(loss) before reclassifications	(92.2)
Amounts reclassified from AOCE	0
Net current period AOCE attributable to FIS	(92.2)
Accumulated Other Comprehensive Income (Loss), Net of Tax Ending Balance	(95.2)
Other [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax Beginning Balance	(4.5)
Other comprehensive gain/(loss) before reclassifications	(6.8)
Amounts reclassified from AOCE	0
Net current period AOCE attributable to FIS	(6.8)
Accumulated Other Comprehensive Income (Loss), Net of Tax Ending Balance	(11.3)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax Beginning Balance	(9.9)
Other comprehensive gain/(loss) before reclassifications	(101.2)
Amounts reclassified from AOCE	3.9
Net current period AOCE attributable to FIS	(97.3)
Accumulated Other Comprehensive Income (Loss), Net of Tax Ending Balance	$ (107.2)

XML

Long-Term Debt

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

Long-term debt as of December 31, 2014 and 2013 consists of the following (in millions):

	2014			2013
Term Loan A-4, quarterly principal amortization (1)	$	1,300.0		$	1,962.5
Senior Notes due 2017, interest payable semi-annually at 1.450%	300.0			—
Senior Notes due 2018, interest payable semi-annually at 2.000%	250.0			250.0
Senior Notes due 2020, interest payable semi-annually at 7.875%	—			500.0
Senior Notes due 2022, interest payable semi-annually at 5.000%	700.0			700.0
Senior Notes due 2023, interest payable semi-annually at 3.500%	1,000.0			1,000.0
Senior Notes due 2024, interest payable semi-annually at 3.875%	700.0			—
Revolving Loan, (2)	795.0			29.0
Other	22.7			27.1
	5,067.7			4,468.6
Current portion	(13.1		)	(128.8		)
Long-term debt, excluding current portion	$	5,054.6		$	4,339.8

__________________________________________

(1) Interest on the Term Loans A-4 is generally payable at LIBOR plus an applicable margin of up to 1.75% based upon the Company's corporate credit ratings and the ratings on the FIS Credit Agreement. As of December 31, 2014, the weighted average interest rate on the Term Loans A-4 was 1.41%.

(2) Interest on the Revolving Loan is generally payable at LIBOR plus an applicable margin of up to 1.75% plus an unused commitment fee of up to 0.25%, each based upon the Company's corporate credit ratings and the ratings on the FIS Credit Agreement. As of December 31, 2014, the applicable margin on the Revolving Loan, excluding facility fees and unused commitment fees, was 1.25%.

FIS is a party to a syndicated credit agreement (the “FIS Credit Agreement”), which as of December 31, 2014 provided total committed capital of $4,300.0 million comprised of: (1) a revolving credit facility in an aggregate maximum principal amount of $3,000.0 million maturing on December 18, 2019 (the "Revolving Loan"); and (2) term loans of $1,300.0 million maturing on March 30, 2017 (the "Term Loans A-4"). As of December 31, 2014, the outstanding principal balance of the Revolving Loan was $795.0 million, with $2,204.2 million of borrowing capacity remaining thereunder (net of $0.8 million in outstanding letters of credit issued under the Revolving Loan).

In June 2014, FIS issued $1,000.0 million of new senior notes, including $300.0 million of Senior Notes due in 2017 that bear interest at 1.450% and $700.0 million of Senior Notes due in 2024 that bear interest at 3.875%. The proceeds were used to pay down a portion of the Term Loans A-4 and to temporarily reduce borrowings under the Revolving Loan until the 2020 Notes were callable.

On July 15, 2014, FIS called the full $500.0 million principal amount of 2020 Notes, funded by borrowings under the Company's Revolving Loan and cash on hand. As a result of the redemption, FIS incurred a pre-tax charge upon extinguishment of approximately $35.4 million, consisting of the call premium and the write-off of associated previously capitalized debt issuance costs.

On April 15, 2013, FIS completed the issuance and sale of $250.0 million in aggregate principal amount of 2.0% unsecured senior notes due April 15, 2018 (the "2018 Notes") and $1,000.0 million in aggregate principal amount of 3.5% unsecured senior notes due April 15, 2023 (the "2023 Notes"). Net proceeds from the offering, after deducting the underwriting discounts and commissions, were $1,233.1 million. The 2018 Notes and 2023 Notes were offered and sold pursuant to the Form S-3 Automatic Shelf Registration Statement filed with the Securities and Exchange Commission on March 5, 2013, as supplemented by the prospectus supplement dated April 10, 2013. On April 15, 2013, FIS used a portion of the proceeds from the offering to pay down the outstanding balance of its Revolving Loan. On May 15, 2013, the Company completed a call for redemption of the 2017 Notes for $801.6 million, comprised of $750.0 million in principal and a call premium of $51.6 million.

The obligations of FIS under the FIS Credit Agreement and under all of its outstanding senior notes rank equal in priority and are unsecured. On December 18, 2014, FIS completed an amendment to the FIS Credit Agreement that, among other provisions, eliminated all existing guarantees from FIS' subsidiaries. The FIS Credit Agreement and the senior notes remain subject to customary covenants, including, among others, limitations on the payment of dividends by FIS, and events of default.

The following table summarizes the mandatory annual principal payments pursuant to the FIS Credit Agreement and the senior notes' indentures as of December 31, 2014 (in millions). There are no mandatory principal payments on the Revolving Loan and any balance outstanding on the Revolving Loan will be due and payable at its scheduled maturity date:

	Term Loan A-4		2017 Notes		2018 Notes		2022 Notes		2023 Notes		2024 Notes		Total
2015	—		—		—		—		—		—		$	—
2016	—		—		—		—		—		—		—
2017	1,300.0		300.0		—		—		—		—		1,600.0
2018	—		—		250.0		—		—		—		250.0
2019	—		—		—		—		—		—		—
Thereafter	—		—		—		700.0		1,000.0		700.0		2,400.0
Total	$	1,300.0	$	300.0	$	250.0	$	700.0	$	1,000.0	$	700.0	$	4,250.0

Voluntary prepayment of the Term Loans is generally permitted at any time without fee upon proper notice and subject to a minimum dollar requirement. In addition to scheduled principal payments, the Term Loans are (with certain exceptions) subject to mandatory prepayment upon the occurrence of certain events.

FIS may redeem some or all of the 2022 Notes on or before May 14, 2020 at a specified premium to par, and thereafter at par as outlined in the indenture agreement. FIS may also redeem the 2017 Notes, 2018 Notes, 2023 Notes and 2024 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 2023 Notes and 2024 Notes during the three months prior to their maturity.

We monitor the financial stability of our counterparties on an ongoing basis. The lender commitments under the undrawn portions of the Revolving Loan are comprised of a diversified set of financial institutions, both domestic and international. The combined commitments of our top 10 revolving lenders comprise about 67% of our Revolving Loan. The failure of any single lender to perform its obligations under the Revolving Loan would not adversely impact our ability to fund operations. If the single largest lender were to default under the terms of the FIS Credit Agreement (impacting the capacity of the Revolving Loan), the maximum loss of available capacity on the undrawn portion of the Revolving Loan, as of December 31, 2014, would be approximately $161.7 million.

The fair value of the Company’s long-term debt is estimated to be approximately $63.8 million higher than the carrying value as of December 31, 2014. This estimate is based on quoted prices of our senior notes and trades of our other debt in close proximity to December 31, 2014, which are considered Level 2-type measurements. This estimate is subjective in nature and involves 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.

As of December 31, 2014, we have entered into the following interest rate swap transactions converting a portion of the interest rate exposure on our Term and Revolving Loans from variable to fixed (in millions):

Effective date	Termination date	Notional amount		Bank pays variable rate of	FIS pays  fixed rate of
July 1, 2012	July 1, 2015	300.0		One Month LIBOR (1)	0.58	%	(2)
February 3, 2014	February 1, 2017	400.0		One Month LIBOR (1)	0.89	%	(2)
		$	700.0

___________________________________

(1) 0.17% in effect as of December 31, 2014.

(2) Does not include the applicable margin and facility fees paid to lenders on term loans and revolving loans as described above.

We have designated these interest rate swaps as cash flow hedges and, as such, they are carried on the Consolidated Balance Sheets at fair value with changes in fair value included in other comprehensive earnings, net of tax.

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

	December 31, 2014			December 31, 2013
	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate swap contracts	Accounts payable and accrued liabilities	$	0.7	Accounts payable and accrued liabilities	$	2.5
Interest rate swap contracts	Other long-term liabilities	0.9		Other long-term liabilities	1.9

In accordance with the authoritative guidance for fair value measurements, the inputs used to determine the estimated fair value of our interest rate swaps are Level 2-type measurements. We considered our own credit risk and the credit risk of the counterparties when determining the fair value of our interest rate swaps. Adjustments are made to these amounts and to accumulated other comprehensive earnings ("AOCE") within the Consolidated Statements of Comprehensive Earnings and Consolidated Statements of Equity as the factors that impact fair value change, including current and projected interest rates, time to maturity and required cash transfers/settlements with our counterparties. Periodic actual and estimated settlements with counterparties are recorded to interest expense as a yield adjustment to effectively fix the otherwise variable rate interest expense associated with the Term and Revolving Loans for hedge notional amounts.

A summary of the effect of derivative instruments on the Company’s Consolidated Statements of Comprehensive Earnings and recognized in AOCE for the years ended December 31, 2014, 2013 and 2012 are as follows (in millions):

	Amount of gain (loss) recognized in AOCE on derivatives
Derivatives in Cash Flow Hedging Relationships	2014			2013		2012
Interest rate swap contracts	$	(3.5	)	$	0.5	$	(11.0	)

	Amount of gain (loss) reclassified from AOCE into income
Location of gain (loss) reclassified from AOCE into income	2014			2013			2012
Interest expense	$	(6.3	)	$	(5.5	)	$	(7.7	)

Approximately $0.8 million of the balance in AOCE as of December 31, 2014, is expected to be reclassified into income over the next twelve months.

Our existing cash flow hedges are highly effective and there was no impact on earnings due to hedge ineffectiveness. It is our practice to execute such instruments with credit-worthy banks at the time of execution and not to enter into derivative financial instruments for speculative purposes. As of December 31, 2014, we believe that our interest rate swap counterparties will be able to fulfill their obligations under our agreements and we believe we will have debt outstanding through the various expiration dates of the swaps such that the forecasted transactions remain probable of occurring.

XML

Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

In March 2015, the Company finalized a reorganization and is streamlining its global operations in response to market conditions and to meet the demand of specific client needs more efficiently. As a result of these changes, information that the Company’s chief operating decision maker (“CODM”) regularly reviews for purposes of allocating resources and assessing performance has changed. Beginning in the first quarter of 2015, the Company began reporting its financial performance based on the three reportable segments described below.

The Company recast the summarized financial information shown in the following tables to conform to the way it internally manages and monitors segment performance beginning January 1, 2015.

As of and for the year ended December 31, 2014 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,858.8	$	2,557.3	$	(2.3	)	$	6,413.8
Operating expenses	2,544.0		2,170.4		428.8			5,143.2
Operating income	$	1,314.8	$	386.9	$	(431.1	)	1,270.6
Other income (expense) unallocated								(217.2		)
Income from continuing operations								$	1,053.4
Depreciation and amortization	$	216.3	$	158.8	$	251.2		$	626.3
Capital expenditures (1)	$	198.7	$	189.7	$	8.9		$	397.3
Total assets	$	9,049.2	$	4,135.8	$	1,327.5		$	14,512.5
Goodwill	$	6,785.8	$	2,091.8	$	—		$	8,877.6

(1) Capital expenditures include $26.1 million of capital leases.

As of and for the year ended December 31, 2013 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,712.0	$	2,353.9	$	(2.5	)	$	6,063.4
Operating expenses	2,424.4		2,003.9		572.2			5,000.5
Operating income	$	1,287.6	$	350.0	$	(574.7	)	1,062.9
Other income (expense) unallocated								(239.4		)
Income from continuing operations								$	823.5
Depreciation and amortization	$	199.9	$	151.0	$	263.7		$	614.6
Capital expenditures (1)	$	198.0	$	144.6	$	10.5		$	353.1
Total assets	$	8,776.1	$	3,783.2	$	1,399.2		$	13,958.5
Goodwill	$	6,711.6	$	1,788.4	$	—		$	8,500.0

(1) Capital expenditures include $16.9 million of capital leases.

As of and for the year ended December 31, 2012 (in millions):

	IFS		GFS		Corporate and Other			Total
Processing and services revenues	$	3,554.0	$	2,241.6	$	0.2		$	5,795.8
Operating expenses	2,342.0		1,924.4		453.1			4,719.5
Operating income	$	1,212.0	$	317.2	$	(452.9	)	1,076.3
Other income (expense) unallocated								(248.0		)
Income from continuing operations								$	828.3
Depreciation and amortization (1)	$	202.6	$	157.5	$	262.7		$	622.8
Capital expenditures	$	170.5	$	116.8	$	10.1		$	297.4
Total assets	$	8,411.2	$	3,579.4	$	1,550.2		$	13,540.8
Goodwill	$	6,596.0	$	1,785.5	$	—		$	8,381.5

(1) Depreciation and amortization excludes $10.0 million of discontinued operations from our Healthcare Benefit Solutions Business.

Total assets as of December 31, 2014, 2013 and 2012 exclude $8.0 million, $1.7 million and $3.7 million, respectively related to discontinued operations.

Integrated Financial Solutions

The IFS segment is focused on serving the North American regional and community bank market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services, capitalizing on the continuing trend to outsource these solutions. IFS’ primary software applications function as the underlying infrastructure of a financial institution's processing environment. These applications include core bank processing software, which banks use to maintain the primary records of their customer accounts, and complementary applications and services that interact directly with the core processing applications. Clients in this segment include regional and community banks, credit unions, commercial lenders, independent community and savings institutions as well as government institutions, merchants and other commercial organizations. This market is primarily served through integrated solutions delivered from leveraged platforms and characterized by multi-year processing contracts that generate highly recurring revenues.

Global Financial Solutions

The GFS segment is focused on serving the largest financial institutions around the globe with banking and payments solutions, consulting and transformation services. GFS clients include the largest global financial institutions, including those headquartered in the United States, as well as all international financial institutions we serve as clients in more than 100 countries around the world. These institutions face unique business and regulatory challenges and account for the majority of financial institution information technology spend globally. The purchasing patterns of GFS clients vary from those of IFS clients who typically purchase solutions on an outsourced basis. GFS clients purchase our solutions and services in various ways including licensing and managing technology “in-house”, using consulting and third party services providers as well as fully outsourced end-to-end solutions. We have long established relationships with many of these financial institutions that generate significant recurring revenue and reoccurring service revenue. This segment also includes the Company's consolidated Brazilian Venture (Note 5). Clients in Brazil, Germany and the United Kingdom accounted for the majority of the revenues from non-U.S. based clients for all periods presented. Included in this segment are long-term assets, excluding goodwill and other intangible assets, located outside of the United States totaling $379.3 million, $358.7 million and $371.6 million as of December 31, 2014, 2013 and 2012, respectively. These assets are predominantly located in Brazil, India, Germany and the United Kingdom.

Corporate and Other

The Corporate and Other segment consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments. These costs relate to marketing, corporate finance and accounting, human resources, legal, and amortization of acquisition-related intangibles and other costs that are not considered when management evaluates revenue generating segment performance, such as acquisition integration and severance costs. The composition of our Corporate and Other segment has changed with the new segment presentation in 2015. Specifically, costs such as sales, finance, human resources, risk and information security and other administrative support functions that are directly attributable to IFS or GFS are recorded to those reportable segments.

During 2014, the Company recorded transaction and other costs, including integration activity, related to recent acquisitions and other severance costs of $21.5 million. Additional charges of $129.1 million were recorded in 2013 related to the Capco contingent consideration adjustments discussed in Note 6. During 2012, the Company recorded compensation charges of $43.2 million in payments and accelerated vesting of certain stock option and restricted stock grants triggered by changes in responsibility or separation from the Company of certain executives. These charges are included in selling, general and administrative expenses in the Consolidated Statements of Earnings and the Corporate and Other segment.

XML

Discontinued Operations (Revenues and Earnings (losses) of Businesses Included in Discontinued Operations) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 3.0	$ 7.3	$ 92.3
Earnings (loss) from discontinued operations net of tax	(11.4)	3.1	(77.1)
eCas Business Line [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	3.0	7.3	11.8
Earnings (loss) from discontinued operations net of tax	(5.1)	1.2	2.1
ClearPar [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	0	0
Earnings (loss) from discontinued operations net of tax	0	16.7	0
Healthcare Benefit Solutions Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	0	80.5
Earnings (loss) from discontinued operations net of tax	0	0.1	(47.8)
Participacoes Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	0	0
Earnings (loss) from discontinued operations net of tax	$ (6.3)	$ (14.9)	$ (31.4)

XML

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Operating Lease Payments for Leases

Future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending December 31, 2019, and thereafter, in the aggregate, are as follows (in millions):

2015	$	62.3
2016	56.7
2017	45.2
2018	34.2
2019	23.9
Thereafter	44.3
Total	$	266.6

XML

Consolidated Statements of Comprehensive Earnings (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net earnings	$ 706.9	$ 517.7	$ 481.1
Other comprehensive earnings, before tax:
Unrealized gain (loss) on investments and derivatives	(3.6)	2.8	(2.6)
Reclassification adjustment for gains (losses) included in net earnings	6.3	(1.5)	4.2
Unrealized gain (loss) on investments and derivatives, net	2.7	1.3	1.6
Foreign currency translation adjustments	(107.8)	(62.2)	(15.2)
Minimum pension liability adjustments	(9.9)	(1.6)	(5.1)
Other comprehensive earnings (loss), before tax	(115.0)	(62.5)	(18.7)
Provision for income tax expense (benefit) related to items of other comprehensive earnings	(6.7)	(5.5)	(1.7)
Other comprehensive earnings (loss), net of tax	(108.3)	(57.0)	(17.0)
Comprehensive earnings	598.6	460.7	464.1
Net (earnings) loss attributable to noncontrolling interest	(27.8)	(24.6)	(19.9)
Other comprehensive (earnings) losses attributable to noncontrolling interest	11.0	17.1	10.7
Comprehensive earnings attributable to FIS common stockholders	$ 581.8	$ 453.2	$ 454.9

XML

Other Equity Programs and Stock Rights (Schedule of Repurchases) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Equity, Class of Treasury Stock [Line Items]
Purchases of treasury stock (in shares)	8.7	10.7	14.0	15.0	1.4
Average cost of shares repurchased (in dollars per share)	$ 54.89	$ 44.58	$ 32.24	$ 26.61	$ 22.97
Repurchase of common stock	$ 475.5	$ 475.9	$ 451.4	$ 399.2	$ 32.2
WPM LP [Member]
Equity, Class of Treasury Stock [Line Items]
Purchases of treasury stock (in shares)			5.7
Average cost of shares repurchased (in dollars per share)			$ 35.03
Repurchase of common stock			$ 200.0

XML

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

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

The Consolidated Financial Statements include the accounts of FIS, its wholly-owned subsidiaries and subsidiaries that are majority-owned. All significant intercompany profits, transactions and balances have been eliminated in consolidation.

(b)Cash and Cash Equivalents

The Company considers all 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 payment processing business, the Company provides cash settlement services to financial institutions and state and local governments. These services involve the movement of funds between the various parties associated with automated teller machines ("ATM"), point-of-sale or electronic benefit transactions ("EBT") and 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 in-transit balances due to the Company are included in cash and cash equivalents. The carrying amounts reported in the Consolidated Balance Sheets for these instruments approximate their fair value. As of December 31, 2014, we had cash and cash equivalents of $492.8 million of which approximately $310.5 million is held by our foreign entities.

(c)Fair Value Measurements

Fair Value of Financial Instruments

The carrying amounts reported in the Consolidated Balance Sheets for receivables and accounts payable approximate their fair values because of their immediate or short-term maturities. The fair value of the Company’s long-term debt is estimated to be approximately $63.8 million and $1.5 million higher than the carrying value as of December 31, 2014 and 2013, respectively. These estimates are based on values of trades of our debt in close proximity to year end, which are considered Level 2-type measurements, as discussed below. 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. The Company holds, or has held, certain derivative instruments, specifically interest rate swaps and foreign exchange forward contracts. Derivative instruments are valued using Level 2-type 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:

•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 Measurements

Generally accepted accounting principles require that, subsequent to their initial recognition, certain assets be reviewed for impairment on a nonrecurring basis by comparison to their fair value. As more fully discussed in their respective subheadings below, this includes goodwill, long-lived assets, intangible assets, computer software and investments. There were no significant fair value measurement impairments for 2014, 2013 or 2012.

Contingent consideration liabilities recorded in connection with business acquisitions must also be adjusted for changes in fair value until settled. See Note 6 for discussion of The Capital Markets Company BVBA ("Capco") contingent consideration liability.

(d)Derivative Financial Instruments

The Company accounts for derivative financial instruments in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 815, Derivatives and Hedging. During 2014, 2013 and 2012, the Company engaged in hedging activities relating to its variable rate debt through the use of interest rate swaps. The Company designates these interest rate swaps as cash flow hedges. The estimated fair values of the cash flow hedges are recorded as an asset or liability of the Company and are included in the accompanying Consolidated Balance Sheets in prepaid expenses and other current assets, other non-current assets, accounts payable and accrued liabilities or other long-term liabilities, as appropriate, and as a component of accumulated other comprehensive earnings, net of deferred taxes. A portion of the amount included in accumulated other comprehensive earnings is recorded in interest expense as a yield adjustment as interest payments are made on the Company’s term and revolving loans (Note 13). The Company’s existing cash flow hedges are highly effective and there was no impact on 2014 earnings due to hedge ineffectiveness. It is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes. As of December 31, 2014, we believe that our interest rate swap counterparties will be able to fulfill their obligations under our agreements.

The Company's foreign exchange risk management policy permits the use of derivative instruments, such as forward contracts and options, to reduce volatility in the Company's results of operations and/or cash flows resulting from foreign exchange rate fluctuations. During 2014 and 2013, the Company entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans. As of December 31, 2014 and 2013, the notional amount of these derivatives was approximately $85.4 million and $57.3 million, respectively, and the fair value was nominal. These derivatives have not been designated as hedges for accounting purposes.

(e)Trade Receivables

A summary of trade receivables, net, as of December 31, 2014 and 2013 is as follows (in millions):

	2014			2013
Trade receivables — billed	$	983.7		$	885.7
Trade receivables — unbilled	158.3			118.4
Total trade receivables	1,142.0			1,004.1
Allowance for doubtful accounts	(15.6		)	(16.2		)
Total trade receivables, net	$	1,126.4		$	987.9

Approximately $37.2 million of unbilled receivables as of December 31, 2014 relates to services provided under ongoing long-term contracts that was not yet billable pursuant to the terms of those agreements but will be invoiced in 2015. We expect to generate additional unbilled receivables of $41.6 million for these contracts for services performed in 2015.

When evaluating the adequacy of the allowance for doubtful accounts, the Company considers historical bad debts, customer creditworthiness, current economic trends, changes in customer payment terms and collection trends. Any change in the assumptions used may result in an additional allowance for doubtful accounts being recognized in the period in which the change occurs.

A summary roll forward of the allowance for doubtful accounts, for 2014, 2013 and 2012 is as follows (in millions):

Allowance for doubtful accounts as of December 31, 2011	$	(33.1	)
Bad debt expense	(5.4		)
Write-offs, net of recoveries	18.6
Allowance for doubtful accounts as of December 31, 2012	(19.9		)
Bad debt expense	(3.2		)
Write-offs, net of recoveries	6.9
Allowance for doubtful accounts as of December 31, 2013	(16.2		)
Bad debt expense	(8.5		)
Write-offs, net of recoveries	9.1
Allowance for doubtful accounts as of December 31, 2014	$	(15.6	)

Enhanced collection management has resulted in decreases in the allowance in both 2014 and 2013. The decrease in 2012 was also attributable to resolution of a number of specific accounts.

(f)Settlement Deposits, Receivables and Payables

We manage certain integrated electronic payment services 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 and, as of December 31, 2014, included $139.3 million of investments with original maturities of greater than 90 days. These investments are Level 1 and Level 2 type securities in the fair-value hierarchy. Settlement receivables represents amounts funded by us. Settlement payables consist of settlement deposits from clients, settlement payables to third parties 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 balance sheet and operating cash flows on the statement of cash flows. The payment solution services that give rise to these settlement balances are separate and distinct from those settlement activities referred to under (b) Cash and Cash Equivalents, where the services we provide primarily facilitate the movement of funds.

(g)Goodwill

Goodwill represents the excess of cost over the fair value of identifiable assets acquired and liabilities assumed in business combinations. FASB ASC Topic 350, Intangibles — Goodwill and Other, requires that goodwill and other intangible assets with indefinite useful lives not be amortized, but rather be tested for impairment annually, or more frequently if circumstances indicate potential impairment. In 2011, the FASB issued Accounting Standards Update No. 2011-08 ("ASU 2011-08"), Testing Goodwill for Impairment. The revised standard allows an entity first to assess qualitatively whether it is more likely than not that a reporting unit's carrying amount exceeds its fair value, referred to in the guidance as "step zero." If an entity concludes that it is more likely than not that a reporting unit's fair value is less than its carrying amount (that is, a likelihood of more than 50 percent), the "step one" quantitative assessment must be performed for that reporting unit. ASU 2011-08 provided examples of events and circumstances that should be considered in performing the "step zero" qualitative assessment, including macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, events affecting a reporting unit or the entity as a whole and a sustained decrease in share price.

The Company assesses goodwill for impairment on an annual basis during the fourth quarter using a September 30th measurement date unless circumstances require a more frequent measurement. For 2014 and 2013, we began our assessment with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our reporting units in the 2012 step one analysis. In performing the step zero qualitative analysis for each of 2014 and 2013, examining those factors most likely to affect our valuations, we concluded that it remained more likely than not that the fair value of each of our reporting units continued to exceed their carrying amounts. Consequently, we did not perform a step one quantitative analysis in 2014 or 2013. We did, however, subsequently update our procedures for 2014 in conjunction with the change in reportable segments. We reallocated goodwill to the new reportable segments based on relative fair values as of January 1, 2015 and performed a step one quantitative analysis for impairment, using the methodology described in the following paragraph. Based upon the results of this test, there were no indications of impairment for any of our reporting units.

For 2012, primarily for the purpose of validating our valuation assumptions, we elected to proceed directly to the step one quantitative analysis rather than perform the step zero qualitative assessment. In applying the quantitative analysis, we determined the fair value of our reporting units based on a weighted average of multiple valuation techniques, principally a combination of an income approach and a market approach. 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 a reporting unit exceeds the carrying value of the reporting unit’s net assets, goodwill is not impaired and further testing is not required. Based upon the results of this test, there were no indications of impairment for any of our reporting units for 2012.

(h)Long-Lived Assets

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.

(i)Intangible Assets

The Company has intangible assets that consist primarily of customer relationships and trademarks that are recorded in connection with acquisitions at their fair value based on the results of valuation analyses. 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. Intangible assets with finite lives (principally customer relationships and certain trademarks) are reviewed for impairment in accordance with FASB ASC Section 360-10-35, Impairment or Disposal of Long-Lived Assets, while certain trademarks determined to have indefinite lives are reviewed for impairment at least annually in accordance with FASB ASC Topic 350. FASB Accounting Standards Update No. 2012-02 ("ASU 2012-02") modified the former requirement to perform an annual quantitative impairment test for indefinite-lived intangible assets. Similar to the ASU 2011-08 guidance for goodwill, it allows an organization to first perform a qualitative assessment of whether it is more likely than not that an asset has been impaired.

For 2014 and 2013, for indefinite lived intangibles we began our assessment with the step zero qualitative analysis because there was a substantial excess of fair value over carrying value for each of our indefinite-lived intangible assets in 2012. Based upon the results of this test, there were no indications of impairment, except for one trademark with nominal value in 2013. For 2012, we proceeded directly with a quantitative analysis, using a form of income approach valuation known as the relief-from-royalty method. Our tests did not result in the impairment of any of our intangible assets for 2012.

(j)Computer Software

Computer software includes software acquired in business combinations, purchased software and capitalized software development costs. 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, ranging from five to 10 years.

The capitalization of software development costs is governed by FASB ASC Subtopic 985-20 if the software is to be sold, leased or otherwise marketed, or by FASB ASC Subtopic 350-40 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 include primarily 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 product-by-product basis commencing on the date of general release of the products (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 ranges from three to 10 years, or (2) the ratio of current revenues to total anticipated revenues over its useful life.

(k)Deferred Contract Costs

Costs of sales, including costs incurred for bid and proposal activities, are generally expensed as incurred. However, certain costs incurred upon initiation of a contract, including sales commissions, are deferred and amortized as expense over the contract life. These costs represent incremental external costs or certain specific internal costs that are directly related to the contract acquisition or transition activities.

In the event indications exist that a particular deferred contract cost balance may be impaired, undiscounted estimated cash flows of the contract are projected over its remaining term and compared to the unamortized deferred contract cost balance. If the projected cash flows are not adequate to recover the unamortized cost balance, the balance would be adjusted to equal the contract’s net realizable value, including any termination fees provided for under the contract, in the period such a determination is made.

(l)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: 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.

(m)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.

(n)Revenue Recognition

The Company generates revenues from the delivery of bank processing, credit and debit card and wealth management processing services, other payment processing services, professional services, software licensing and software related services. The Company recognizes revenue when: (i) evidence of an arrangement exists; (ii) delivery has occurred; (iii) the fees are fixed or determinable; and (iv) collection is considered probable. Taxes collected from customers and remitted to governmental authorities are not included in revenue. Revenue generated from contracts executed outside of our North American operations represented approximately 22%, 21% and 20% of total revenue in 2014, 2013 and 2012, respectively.

The Company enters into arrangements with customers to provide services, software and software-related services such as post-contract customer support and implementation and training either individually or as part of an integrated offering of multiple services. The revenues for services provided under these multiple element arrangements are recognized in accordance with the applicable revenue recognition accounting principles as further described below.

In multiple-element arrangements, consideration is allocated to each deliverable using the relative selling price method. The selling price for each deliverable is based on vendor-specific objective evidence (“VSOE”) if available, third-party evidence (“TPE”) if VSOE is not available, or estimated selling price (“ESP”) if neither VSOE or TPE are available. A delivered item in a multiple element arrangement is considered a separate unit of accounting if (a) the item has value to the customer on a standalone basis; and (b) delivery or performance of the undelivered item or items is considered probable and substantially in the Company's control if the arrangement includes a general right of return relative to the delivered item.

We establish VSOE of selling price using the price charged when the same element is sold separately, or in the case of post-contract customer support or other recurring services, when a substantive stated renewal rate is provided to the customer. In certain circumstances, the Company is not able to establish VSOE for all deliverables in a multiple element arrangement. This may be due to infrequent standalone sales for an element, a limited sales history for new solutions or pricing within a broader range than permissible by our policy to establish VSOE. In those circumstances, we proceed to the alternative levels in the hierarchy of determining selling price. TPE of selling price is established by evaluating largely similar and interchangeable competitor products or services in standalone sales to similarly situated customers. The Company is typically not able to determine TPE and we rarely use this measure since we are generally unable to reliably verify standalone prices of competitive solutions. ESP is established in those instances where neither VSOE nor TPE are available, considering internal factors such as margin objectives, pricing practices and controls, customer segment pricing strategies and the product life cycle. Consideration is also given to market conditions such as competitor pricing strategies and industry technology life cycles.

The Company's arrangements with multiple deliverables may include one or more elements that are subject to the software revenue recognition guidance. The consideration for these multiple element arrangements is allocated to the software deliverables and the non-software deliverables based on the relative selling prices of all of the elements in the arrangement using the above hierarchy. The appropriate revenue recognition guidance is then applied to the respective software and non-software elements.

The following describes the Company’s primary types of revenues and its revenue recognition policies as they pertain to the types of transactions the Company enters into with its customers.

Processing Services Revenues

Processing services include data processing and application and/or facility management. Revenues from processing services are typically volume-based depending on factors such as the number of accounts processed, transactions processed and computer resources used or can be based on minimum monthly usage fees. Revenues from these arrangements are recognized as services are performed. As professional services have increased as a percentage of total revenues, processing services have decreased to 75% of total revenues in 2014 from 76% in 2013 and 80% in 2012.

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. Whether a company should recognize revenue based on the gross amount billed to a customer or the net amount retained is a matter of judgment that depends on the relevant facts and circumstances. Certain factors or indicators have been identified in the authoritative literature that should be considered in the evaluation. In certain of these arrangements, we have concluded that recognizing the gross amount billed is appropriate while in others we recognize the net amount retained, depending upon the level of our contractual responsibilities and obligations for delivering solutions to end customers.

Professional Services Revenues

Revenues and costs related to implementation, conversion and programming services associated with the Company’s data processing and application management agreements during the implementation phase are deferred and subsequently recognized using the straight-line method over the term of the related services agreement when these upfront services do not have standalone value or if revenue otherwise allocable to these elements is contingent upon delivery of other elements in the arrangement. Revenues and costs related to other consulting service agreements are recognized as the services are provided, assuming the separation criteria outlined above are satisfied. Professional services have increased as a percentage of total revenues to 15% in 2014 from 12% in 2013 and 9% in 2012. A significant portion of our professional services revenues is derived from contracts for dedicated personnel resources who are often working full-time at a client site and under their direction. These revenues generally re-occur as contracts are renewed.

License and Software Related Revenues

The Company recognizes software license and post-contract customer support fees, as well as associated implementation, training, conversion and programming fees in accordance with FASB ASC Subtopic 985-605. Initial license fees are recognized when a contract exists, the fee is fixed or determinable, software delivery has occurred and collection of the receivable is deemed probable, provided that VSOE of fair value has been established for any undelivered elements in the arrangement. If evidence of fair value of all undelivered elements exists but evidence does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue. If evidence of fair value does not exist for one or more undelivered elements of a contract, then all revenue is deferred until all elements are delivered or VSOE of fair value is determined for all remaining undelivered elements. Revenue from post-contract customer support is recognized ratably over the term of the agreement. The Company records deferred revenue for all billings invoiced prior to revenue recognition. Software license revenue and related post-contract customer support represented 7% of total revenues in 2014 and 8% in 2013 and 2012, with over 70% of the revenue representing post-contractual support revenue.

When the arrangement with the customer includes significant customization, modification, or production of software, the Company recognizes revenue applying contract accounting. For elements accounted for under contract accounting, revenue is recognized using the percentage-of-completion method since reasonably dependable estimates of revenues and contract hours applicable to various elements of a contract can be made. Cost-to-cost or efforts-expended (labor hours) methods are used to measure progress toward completion. Revenues in excess of billings on these agreements are recorded as unbilled receivables and are included in trade receivables. Billings in excess of revenue recognized on these agreements are recorded as deferred revenue until revenue recognition criteria are met. Changes in estimates for revenues, costs and profits are recognized in the period in which they are determinable. If and when the Company’s estimates indicate that the entire contract will be performed at a loss, a provision for the entire loss is recorded in that accounting period.

In arrangements where the licensed software includes hosting the software for the customer, a software element is only considered present if the customer has the contractual right to take possession of the software at any time during the hosting period without significant penalty and it is feasible for the customer to either operate the software on their own hardware or contract with another vendor to host the software. If the arrangement meets these criteria, as well as the other criteria for recognition of the license revenues described above, a software element is present and license revenues are recognized when the software is delivered and hosting revenues are recognized as the service is provided. If a separate software element as described above is not present, the related revenues are combined and recognized ratably over the hosting or maintenance period, whichever is longer.

Hardware and Other Revenues

Hardware and other miscellaneous revenues including termination fees represent approximately 3% of our total revenues and are recognized following the separation and recognition criteria discussed above. The Company generally does not stock in inventory the hardware products sold, but arranges for delivery of hardware from third-party suppliers. The Company evaluates the gross vs. net indicators for these transactions and records the revenue related to hardware transactions on a gross basis as appropriate and the related costs are included in cost of revenue as appropriate if the Company is considered the primary obligor by the customer, bears risk of loss and has latitude in establishing prices on the equipment.

Recent Accounting Guidance Not Yet Adopted

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU

2014-09”). ASU 2014-09 amends substantially all authoritative literature for revenue recognition, including industry-specific

requirements, and converges the guidance under this topic with that of the International Financial Reporting Standards. The

ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed

to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and

uncertainty of revenues and cash flows from contracts with customers. Other provisions include ensuring the time value of

money is considered in the transaction price and allowing estimates of variable consideration to be recognized before

contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning

after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either with retrospective

application to the earlier years presented in their financial statements or with a cumulative-effect adjustment as of the date of

adoption. We are currently assessing the impact the adoption of ASU 2014-09 will have on our financial position and results of

operations.

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

Cost of revenue includes payroll, employee benefits, occupancy costs and other costs associated with personnel employed in customer service and service delivery roles, including program design and development and professional services. Cost of revenue also includes data processing costs, amortization of software, customer relationship intangible assets and depreciation on operating assets.

Selling, general and administrative expenses include payroll, employee benefits, occupancy and other costs associated with personnel employed in sales, marketing, human resources, finance, risk management and other administrative roles. Selling, general and administrative expenses also include depreciation on non-operating corporate assets, advertising costs and other marketing-related programs.

(p)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. Certain of our stock awards also contain performance conditions. In those circumstances, compensation cost is recognized over the service period when it is probable the outcome of that performance condition will be achieved. If the Company concludes at any point prior to completion of the requisite service period that it it not probable that the performance condition will be met, any previously recorded expense would be reversed.

(q)Foreign Currency Translation

The functional currency for the foreign operations of the Company is either the U.S. Dollar or the local foreign currency. For foreign operations where the local currency is the functional currency, the translation into U.S. Dollars for consolidation is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using the average exchange rate during the period. 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 foreign currency transactions are included in other income.

(r)Management Estimates

The preparation of these Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

(s)Provision for Check Guarantee Losses

In the Company’s check guarantee business, if a guaranteed check presented to a merchant customer is dishonored by the check writer’s bank, the Company reimburses the merchant customer for the check’s face value and pursues collection of the amount from the delinquent check writer. Loss provisions and anticipated recoveries are determined by performing a historical analysis of the Company’s check loss and recovery experience and considering other factors that could affect that experience in the future. Such factors include the general economy, the overall industry mix of customer volumes, statistical analysis of check fraud trends within customer volumes, and the quality of returned checks. The estimated check returns and recovery amounts are subject to risk that actual amounts returned and recovered may be different than the Company’s estimates. The Company had accrued claims payable balances of $14.5 million and $15.2 million as of December 31, 2014 and 2013, respectively, related to these estimations. The Company had accrued claims recoverable of $20.4 million and $18.6 million as of December 31, 2014 and 2013, respectively, related to these estimations. In addition, the Company recorded provisions for check guarantee losses, net of anticipated recoveries excluding service fees, of $57.2 million, $57.3 million and $54.7 million for the years ended December 31, 2014, 2013 and 2012, respectively. The amount paid to merchant customers, net of amounts recovered from check writers excluding service fees, was $51.9 million, $53.7 million and $53.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

(t)Net Earnings per Share

The basic weighted average shares and common stock equivalents for the years ended December 31, 2014, 2013 and 2012 are computed using the treasury stock method.

Net earnings and earnings per share for the years ended December 31, 2014, 2013 and 2012 are as follows (in millions, except per share data):

	Year ended December 31,
	2014			2013		2012
Earnings from continuing operations attributable to FIS, net of tax	$	690.5		$	490.0	$	538.3
Earnings (loss) from discontinued operations attributable to FIS, net of tax	(11.4		)	3.1		(77.1		)
Net earnings attributable to FIS common stockholders	$	679.1		$	493.1	$	461.2
Weighted average shares outstanding — basic	284.8			289.7		291.8
Plus: Common stock equivalent shares	3.9			4.5		5.7
Weighted average shares outstanding — diluted	288.7			294.2		297.5
Net earnings per share — basic from continuing operations attributable to FIS common stockholders	$	2.42		$	1.69	$	1.84
Net earnings (loss) per share — basic from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01		(0.26		)
Net earnings per share — basic attributable to FIS common stockholders *	$	2.38		$	1.70	$	1.58
Net earnings per share — diluted from continuing operations attributable to FIS common stockholders	$	2.39		$	1.67	$	1.81
Net earnings (loss) per share — diluted from discontinued operations attributable to FIS common stockholders	(0.04		)	0.01		(0.26		)
Net earnings per share — diluted attributable to FIS common stockholders *	$	2.35		$	1.68	$	1.55
* amounts may not sum due to rounding.

Options to purchase approximately 4.4 million, 4.2 million and 2.1 million shares of our common stock for the years ended December 31, 2014, 2013 and 2012, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive.

(u)Certain Reclassifications

Certain reclassifications have been made in the 2013 and 2012 Consolidated Financial Statements to conform to the classifications used in 2014.

XML

Intangible Assets (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets with definite lives	$ 215,000,000	$ 233,100,000	$ 246,400,000
Discontinued Operations [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets with definite lives	0	0	5,100,000
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite lived trademarks	$ 82,300,000	$ 80,800,000
Minimum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives	5 years
Maximum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives	10 years
Maximum [Member] | Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives	15 years

XML

Employee Benefit Plans (Schedule of Stock Option Valuation Assumptions) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Weighted average fair value of options
Risk free interest rate	1.40%	1.00%	0.60%
Volatility	21.20%	23.30%	35.80%
Dividend yield	1.60%	1.80%	2.40%
Weighted average expected life (years)	4 years 2 months 12 days	4 years 2 months 18 days	4 years 3 months

XML

Long-Term Debt (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended	0 Months Ended
	Apr. 15, 2013	Dec. 31, 2014 lender	Jul. 15, 2014	May 15, 2013	Dec. 31, 2013	Jun. 30, 2014
Debt Instrument [Line Items]
Term loans		$ 5,067,700,000			$ 4,468,600,000
Proceeds from Issuance of Debt	1,233,100,000
Debt Instrument, Redemption Price, Percentage		100.00%
Top revolving lenders		10
Percentage share of the revolving loan covered by top lenders		67.00%
Maximum loss of available capacity of the revolving loan		161,700,000
Fair Value Option Aggregate Differences Long Term Debt Instruments		63,800,000
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net		800,000
Senior Notes due 2023, interest payable semi-annually at 3.500% [Member]
Debt Instrument [Line Items]
Term loans		1,000,000,000
Senior Notes	1,000,000,000	1,000,000,000			1,000,000,000	1,000,000,000
Interest rate	3.50%	3.50%			3.50%
Senior Notes due 2017, interest payable semi-annually at 1.450% [Member]
Debt Instrument [Line Items]
Term loans		300,000,000
Senior Notes		300,000,000			0	300,000,000
Interest rate		1.45%			1.45%	1.45%
Senior Notes due 2024, interest payable semi-annually at 3.875% [Member]
Debt Instrument [Line Items]
Term loans		700,000,000
Senior Notes		700,000,000			0	700,000,000
Interest rate		3.875%			3.875%	3.875%
Senior Notes due 2020, interest payable semi-annually at 7.875% [Member]
Debt Instrument [Line Items]
Senior Notes		0			500,000,000
Interest rate		7.875%			7.875%
Extinguishment of Debt, Amount			500,000,000
Payments of Debt Extinguishment Costs			35,400,000
Senior Notes due 2018, interest payable semi-annually at 2.000% [Member]
Debt Instrument [Line Items]
Term loans		250,000,000
Senior Notes	250,000,000	250,000,000			250,000,000
Interest rate	2.00%	2.00%			2.00%
Senior Notes due 2017, interest payable semi-annually at 7.625% [Member]
Debt Instrument [Line Items]
Senior Notes				750,000,000
Extinguishment of Debt, Amount				801,600,000
Payments of Debt Extinguishment Costs				51,600,000
Revolving Loan [Member]
Debt Instrument [Line Items]
Credit facility Outstanding amount		795,000,000
Additional term and revolving loan capacity in the future		2,204,200,000
FIS Credit Agreements [Member]
Debt Instrument [Line Items]
Total committed capital, credit agreement		4,300,000,000
FIS Credit Agreements [Member] | Term Loan A-3 [Member]
Debt Instrument [Line Items]
Term loans		1,300,000,000
FIS Credit Agreements [Member] | Revolving Loan [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		3,000,000,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility Outstanding amount		$ 800,000

XML

Other Equity Programs and Stock Rights

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Other Equity Programs and Stock Rights

Other Equity Programs and Stock Rights

Stock Purchase Rights

WPM, L.P., a Delaware limited partnership affiliated with Warburg Pincus Private Equity IX, L.P. (collectively “Warburg Pincus”) held a stock purchase right for FIS shares that originated from its initial investment in our subsidiary, Metavante. During the year ended December 31, 2012, 0.2 million shares were issued relative to this purchase right. On March 6, 2013, Warburg Pincus sold 19.3 million shares of FIS common stock in a secondary public offering, constituting substantially all its remaining ownership position, other than shares it was still entitled to buy under the purchase right agreement. As of May 23, 2013, in exchange for a cash payment of $4.9 million by FIS to Warburg Pincus, the parties terminated the stock purchase right agreement and the Warburg shareholders agreement, thereby eliminating any further rights and obligations with respect thereto. The cash payment was calculated as the value, on a net settlement exercise basis, of the purchase rights remaining under the agreement on the termination date. This payment was recorded as a reduction to additional paid in capital.

Share Repurchase Program

Our Board of Directors has approved a series of plans authorizing repurchases of our common stock in the open market at prevailing market prices or in privately negotiated transactions, the most current of which on January 29, 2014, authorized repurchases of up to $2.0 billion through December 31, 2017. Approximately $1,524.5 million of plan capacity remained available for repurchases as of December 31, 2014.

The table below summarizes annual share repurchase activity under these plans (in millions, except per share amounts):

				Total cost of shares
				purchased as part of
	Total number of	Average price		publicly announced
Year ended	shares purchased	paid per share		plans or programs
December 31, 2014	8.7	$	54.89	$	475.5
December 31, 2013	10.7	$	44.58	$	475.9
December 31, 2012 *	14.0	$	32.24	$	451.4
December 31, 2011	15.0	$	26.61	$	399.2
December 31, 2010	1.4	$	22.97	$	32.2

* Includes the repurchase of 5.7 million shares from WPM, L.P. for $200.0 million, or $35.03 per share, in December 2012.

XML

Income Taxes (Schedule of Deferred Income Tax Assets and Liabilities) (Classification) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Current assets	$ 67.4	$ 58.9
Noncurrent assets (included in other noncurrent assets)	9.5	10.5
Total deferred income tax assets	76.9	69.4
Current liabilities (included in accounts payable and accrued liabilities)	(3.7)	(2.1)
Noncurrent liabilities	(874.4)	(823.6)
Net deferred income tax liability	$ (801.2)	$ (756.3)

XML

Accounts Payable and Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts payable and accrued liabilities

Accounts payable and accrued liabilities as of December 31, 2014 and 2013 consists of the following (in millions):

	2014		2013
Salaries and incentives	$	137.6	$	163.7
Accrued benefits and payroll taxes	53.9		58.9
Trade accounts payable	186.8		147.0
Accrued claims and claims payable	20.8		26.8
Accrued interest payable	21.8		40.9
Taxes other than income tax	47.5		45.4
Capco acquisition related liabilities	61.1		69.4
Other accrued liabilities	200.8		215.9
Total accounts payable and accrued liabilities	$	730.3	$	768.0

XML

Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2014

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities as of December 31, 2014 and 2013 consists of the following (in millions):

	2014		2013
Salaries and incentives	$	137.6	$	163.7
Accrued benefits and payroll taxes	53.9		58.9
Trade accounts payable	186.8		147.0
Accrued claims and claims payable	20.8		26.8
Accrued interest payable	21.8		40.9
Taxes other than income tax	47.5		45.4
Capco acquisition related liabilities	61.1		69.4
Other accrued liabilities	200.8		215.9
Total accounts payable and accrued liabilities	$	730.3	$	768.0