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Revenue Recognition
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company generates revenue from the delivery of processing, service and product solutions. Revenue is measured based on consideration specified in a contract with a customer, and excludes any amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer which may be at a point in time or over time.
Disaggregation of Revenue
The Company’s operations are comprised of the Merchant Acceptance (“Acceptance”) segment, the Financial Technology (“Fintech”) segment and the Payments and Network (“Payments”) segment. Additional information regarding the Company’s business segments is included in Note 19. 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% of total revenue for each of the three months ended June 30, 2022 and 2021, respectively, and 14% and 13% of total revenue for the six months ended June 30, 2022 and 2021, respectively.
(In millions)Reportable Segments
Three Months Ended June 30, 2022 AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$1,660 $398 $1,155 $6 $3,219 
Hardware, print and card production215 10 237 — 462 
Professional services5 131 67 — 203 
Software maintenance— 139 5 — 144 
License and termination fees14 68 34 — 116 
Output solutions postage— — — 222 222 
Other7 57 20 — 84 
Total revenue$1,901 $803 $1,518 $228 $4,450 

(In millions)Reportable Segments
Three Months Ended June 30, 2021AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$1,420 $385 $1,122 $10 $2,937 
Hardware, print and card production214 12 199 — 425 
Professional services9 115 66 — 190 
Software maintenance— 139 2 — 141 
License and termination fees11 50 14 — 75 
Output solutions postage— — — 202 202 
Other12 53 18 (2)81 
Total revenue$1,666 $754 $1,421 $210 $4,051 

(In millions)Reportable Segments
Six Months Ended June 30, 2022 AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$3,063 $803 $2,268 $12 $6,146 
Hardware, print and card production440 19 473 — 932 
Professional services10 247 129 — 386 
Software maintenance— 277 11 — 288 
License and termination fees28 116 60 — 204 
Output solutions postage— — — 461 461 
Other13 119 39 — 171 
Total Revenue$3,554 $1,581 $2,980 $473 $8,588 
(In millions)Reportable Segments
Six Months Ended June 30, 2021AcceptanceFintechPaymentsCorporate
and Other		Total
Type of Revenue
Processing$2,598 $763 $2,199 $22 $5,582 
Hardware, print and card production404 23 431 — 858 
Professional services18 226 129 — 373 
Software maintenance— 278 4 — 282 
License and termination fees21 88 27 — 136 
Output solutions postage— — — 407 407 
Other22 112 36 (2)168 
Total Revenue$3,063 $1,490 $2,826 $427 $7,806 
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers:
(In millions)June 30, 2022December 31, 2021
Contract assets$543 $541 
Contract liabilities816 810 
Contract assets, reported within other long-term assets in the consolidated balance sheets, primarily result from revenue being recognized where payment is contingent upon the transfer of services to a customer over the contractual period. Contract liabilities primarily relate to advance consideration received from customers (deferred revenue) for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $371 million of revenue during the six months ended June 30, 2022 that was included in the contract liability balance at the beginning of the period.
Transaction Price Allocated to 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 June 30, 2022:
(In millions)
Year Ending December 31,
Remainder of 2022$1,145 
20231,984 
20241,597 
20251,166 
Thereafter1,623 
The Company applies the optional exemption under ASC 606 and does not disclose information about remaining performance obligations for account- and transaction-based processing fees that qualify for recognition under the as-invoiced practical expedient. These multi-year contracts contain variable consideration for stand-ready performance obligations for which the exact quantity and mix of transactions to be processed are contingent upon the customer’s request. The Company also applies the optional exemptions under ASC 606 and does not disclose information for variable consideration that is a sales-based or usage-based royalty promised in exchange for a license of intellectual property or that is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service in a series. The amounts disclosed above as remaining performance obligations consist primarily of fixed or monthly minimum processing fees and maintenance fees under contracts with an original expected duration of greater than one year.