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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 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. The majority of the Company’s revenue is earned domestically within these major businesses, with revenue generated outside the United States comprising approximately 12%, 6% and 5% of total revenue in 2019, 2018 and 2017, respectively.
(In millions)
Reportable Segments
Year Ended December 31, 2019
First Data
 
Payments
 
Financial
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
 
 
Major Business
 
 
 
 
 
 
 
 
 
Global Business Solutions
$
2,520

 
$

 
$

 
$

 
$
2,520

Global Financial Solutions
927

 

 

 

 
927

Network & Security Solutions
631

 

 

 

 
631

Total First Data
4,078

 

 

 

 
4,078

Digital Money Movement

 
1,483

 

 

 
1,483

Card and Related Services

 
1,934

 

 

 
1,934

Other

 
327

 

 

 
327

Total Payments

 
3,744

 

 

 
3,744

Account and Item Processing

 

 
2,125

 

 
2,125

Other

 

 
282

 

 
282

Total Financial

 

 
2,407

 

 
2,407

Corporate and Other

 

 

 
(42
)
 
(42
)
Total Revenue
$
4,078

 
$
3,744

 
$
2,407

 
$
(42
)
 
$
10,187


(In millions)
Reportable Segments
Year Ended December 31, 2018
Payments
 
Financial
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
Major Business
 
 
 
 
 
 
 
Digital Money Movement
$
1,460

 
$

 
$

 
$
1,460

Card and Related Services
1,682

 

 

 
1,682

Other
325

 

 

 
325

Total Payments
3,467

 

 

 
3,467

Account and Item Processing

 
2,094

 

 
2,094

Lending Solutions

 
54

 

 
54

Other

 
247

 

 
247

Total Financial

 
2,395

 

 
2,395

Corporate and Other

 

 
(39
)
 
(39
)
Total Revenue
$
3,467

 
$
2,395

 
$
(39
)
 
$
5,823


Contract with customer, asset and liabilities
The following table provides information about contract assets and contract liabilities from contracts with customers.
(In millions)
December 31, 2019
 
December 31, 2018
 
January 1, 2018
Contract assets
$
382

 
$
171

 
$
158

Contract liabilities
647

 
469

 
520


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)
 
 
 
 
 
 
 
 
 
December 31, 2019
2020
 
2021
 
2022
 
2023
 
Thereafter
Processing and services
$
1,869

 
$
1,540

 
$
1,190

 
$
886

 
$
1,743

Product
40

 
27

 
16

 
11

 
6