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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
The tables below present the Company’s revenue disaggregated by major business, including a reconciliation with its reportable segments. Most of the Company’s revenue is earned domestically within these major businesses, with revenue from clients outside the United States comprising approximately 6% and 5% of total revenue for the six months ended June 30, 2019 and 2018, respectively.
(In millions)
Reportable Segments
Three Months Ended June 30, 2019
Payments
 
Financial
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
Major Business
 
 
 
 
 
 
 
Digital Money Movement
$
362

 
$

 
$

 
$
362

Card and Related Services
469

 

 

 
469

Other
86

 

 

 
86

Total Payments
917

 

 

 
917

Account and Item Processing

 
526

 

 
526

Other

 
78

 

 
78

Total Financial

 
604

 

 
604

Corporate and Other

 

 
(9
)
 
(9
)
Total Revenue
$
917

 
$
604

 
$
(9
)
 
$
1,512

(In millions)
Reportable Segments
Three Months Ended June 30, 2018
Payments
 
Financial
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
Major Business
 
 
 
 
 
 
 
Digital Money Movement
$
356

 
$

 
$

 
$
356

Card and Related Services
400

 

 

 
400

Other
81

 

 

 
81

Total Payments
837

 

 

 
837

Account and Item Processing

 
530

 

 
530

Other

 
60

 

 
60

Total Financial

 
590

 

 
590

Corporate and Other

 

 
(7
)
 
(7
)
Total Revenue
$
837

 
$
590

 
$
(7
)
 
$
1,420

(In millions)
Reportable Segments
Six Months Ended June 30, 2019
Payments
 
Financial
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
Major Business
 
 
 
 
 
 
 
Digital Money Movement
$
729

 
$

 
$

 
$
729

Card and Related Services
938

 

 

 
938

Other
164

 

 

 
164

Total Payments
1,831

 

 

 
1,831

Account and Item Processing

 
1,059

 

 
1,059

Other

 
143

 

 
143

Total Financial

 
1,202

 

 
1,202

Corporate and Other

 

 
(19
)
 
(19
)
Total Revenue
$
1,831

 
$
1,202

 
$
(19
)
 
$
3,014

(In millions)
Reportable Segments
Six Months Ended June 30, 2018
Payments
 
Financial
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
Major Business
 
 
 
 
 
 
 
Digital Money Movement
$
708

 
$

 
$

 
$
708

Card and Related Services
814

 

 

 
814

Other
157

 

 

 
157

Total Payments
1,679

 

 

 
1,679

Account and Item Processing

 
1,036

 

 
1,036

Lending Solutions

 
56

 

 
56

Other

 
114

 

 
114

Total Financial

 
1,206

 

 
1,206

Corporate and Other

 

 
(25
)
 
(25
)
Total Revenue
$
1,679

 
$
1,206

 
$
(25
)
 
$
2,860


Contract with customer, asset and liabilities
The following table provides information about contract assets and contract liabilities from contracts with customers.
(In millions)
June 30, 2019
 
December 31, 2018
Contract assets
$
204

 
$
171

Contract liabilities
466

 
469


Schedule of remaining performance obligations
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.
(In millions)
Remainder of:








June 30, 2019
2019

2020

2021

2022

Thereafter
Processing and services
$
549

 
$
943

 
$
772

 
$
560

 
$
746

Product
16

 
31

 
22

 
12

 
11