Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Schedule of property and equipment

Property and equipment consisted of the following at December 31:

(In millions)	Estimated Useful Lives	2017			2016
Land	—	$	13		$	19
Data processing equipment	3 to 5 years	726			697
Buildings and leasehold improvements	5 to 40 years	255			256
Furniture and equipment	5 to 8 years	182			179
		1,176			1,151
Less: accumulated depreciation		(786		)	(746		)
Total		$	390		$	405

Schedule of intangible assets

Intangible assets consisted of the following at December 31:

(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
2017
Customer related intangible assets	$	2,293	$	1,168	$	1,125
Acquired software and technology	579		460		119
Trade names	117		64		53
Capitalized software development costs	737		282		455
Purchased software	241		111		130
Total	$	3,967	$	2,085	$	1,882
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
2016
Customer related intangible assets	$	2,200	$	1,043	$	1,157
Acquired software and technology	507		432		75
Trade names	117		57		60
Capitalized software development costs	641		233		408
Purchased software	230		97		133
Total	$	3,695	$	1,862	$	1,833

Schedule of changes in goodwill

The changes in goodwill during 2017 and 2016 were as follows:

(In millions)	Payments		Financial			Total
Goodwill - December 31, 2015	$	3,437	$	1,763		$	5,200
Acquired goodwill	173		—			173
Goodwill - December 31, 2016	3,610		1,763			5,373
Acquired goodwill	146		71			217
Disposed goodwill	—		(3		)	(3		)
Foreign currency adjustments	1		2			3
Goodwill - December 31, 2017	$	3,757	$	1,833		$	5,590

Schedule of accounts payable and accrued expenses

Accounts payable and accrued expenses consisted of the following at December 31:

(In millions)	2017		2016
Trade accounts payable	$	80	$	110
Client deposits	481		409
Settlement obligations	379		305
Accrued compensation and benefits	198		184
Other accrued expenses	245		234
Total	$	1,383	$	1,242

Schedule of changes in accumulated other comprehensive loss by component

Changes in accumulated other comprehensive loss by component, net of income taxes, consisted of the following:

(In millions)	Cash Flow Hedges			Foreign Currency Translation			Other			Total
Balance at December 31, 2016	$	(24	)	$	(50	)	$	(2	)	$	(76	)
Other comprehensive income before reclassifications	4			12			—			16
Amounts reclassified from accumulated other comprehensive loss	6			—			—			6
Net current-period other comprehensive income	10			12			—			22
Balance at December 31, 2017	$	(14	)	$	(38	)	$	(2	)	$	(54	)

(In millions)	Cash Flow Hedges			Foreign Currency Translation			Other			Total
Balance at December 31, 2015	$	(31	)	$	(41	)	$	(2	)	$	(74	)
Other comprehensive loss before reclassifications	—			(9		)	—			(9		)
Amounts reclassified from accumulated other comprehensive loss	7			—			—			7
Net current-period other comprehensive (loss) income	7			(9		)	—			(2		)
Balance at December 31, 2016	$	(24	)	$	(50	)	$	(2	)	$	(76	)

Computation of shares used in calculating basic and diluted net income per share

The computation of shares used in calculating basic and diluted net income per share is as follows:

(In millions)	2017	2016	2015
Weighted-average common shares outstanding used for the calculation of net income per share - basic	211.1	220.3	233.9
Common stock equivalents	4.5	3.6	4.1
Weighted-average common shares outstanding used for the calculation of net income per share - diluted	215.6	223.9	238.0

Schedule of supplemental cash flow information

Supplemental Cash Flow Information

(In millions)	2017		2016		2015
Interest paid	$	160	$	147	$	150
Income taxes paid	409		408		306
Treasury stock purchases settled after the balance sheet date	5		10		15