Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

The tables below present the Company’s revenue disaggregated by type of revenue, including a reconciliation with its reportable segments. The majority of the Company’s revenue is earned domestically, with revenue generated outside the U.S. comprising approximately 14%, 13% and 12% of total revenue in 2021, 2020 and 2019, respectively.



(In millions)	Reportable Segments
Year Ended December 31, 2021	Acceptance		Fintech		Payments		Corporate and Other		Total

Type of Revenue
Processing	$	5,511	$	1,544	$	4,497	$	32	$	11,584
Hardware, print and card production	830		44		913		—		1,787
Professional services	43		471		265		—		779
Software maintenance	—		557		11		—		568
License and termination fees	47		186		65		—		298
Output solutions postage	—		—		—		860		860
Other	48		220		82		—		350
Total Revenue	$	6,479	$	3,022	$	5,833	$	892	$	16,226



(In millions)	Reportable Segments
Year Ended December 31, 2020	Acceptance		Fintech		Payments		Corporate and Other		Total

Type of Revenue




Processing	$	4,696	$	1,426	$	4,348	$	58	$	10,528
Hardware, print and card production	714		51		771		—		1,536
Professional services	29		465		233		1		728
Software maintenance	—		563		3		2		568
License and termination fees	28		189		68		—		285
Output solutions postage	—		—		—		864		864
Other	55		207		81		—		343
Total Revenue	$	5,522	$	2,901	$	5,504	$	925	$	14,852



(In millions)	Reportable Segments
Year Ended December 31, 2019	Acceptance		Fintech		Payments		Corporate and Other		Total

Type of Revenue




Processing	$	2,205	$	1,382	$	3,110	$	166	$	6,863
Hardware, print and card production	323		51		458		—		832
Professional services	4		483		172		10		669
Software maintenance	—		570		3		15		588
License and termination fees	9		255		59		2		325
Output solutions postage	—		—		—		572		572
Other	30		201		107		—		338
Total Revenue	$	2,571	$	2,942	$	3,909	$	765	$	10,187

Contract with customer, asset and liabilities

The following table provides information about contract assets and contract liabilities from contracts with customers at December 31:



(In millions)	2021		2020		2019
Contract assets	$	541	$	433	$	382
Contract liabilities	810		733		647

Schedule of remaining performance obligations

The following table includes estimated processing, services and product revenue expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) at December 31, 2021:



(In millions)
Year Ending December 31,
2022	$	2,174
2023	1,790
2024	1,416
2025	955
Thereafter	1,418

Capitalized sales commissions and conversion or implementation costs

Capitalized sales commissions and conversion or implementation costs were as follows at December 31:



(In millions)	2021		2020
Capitalized sales commissions	$	437	$	402
Capitalized conversion or implementation costs	374		290