Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of finite-lived and indefinite-lived intangible assets acquired as part of business combination

The amounts allocated to identifiable intangible assets are as follows:

(In millions)	Gross Carrying Amount		Weighted-Average Useful Life
Residual buyouts	$	83	9 years
Customer relationships	35		10 years
Total	$	118	9 years

Schedule of purchase price allocation

The allocation of purchase price recorded for Finxact was finalized in the fourth quarter of 2022 as follows:

(In millions)
Cash	$	27
Other net assets	1
Intangible assets	105
Goodwill	670
Total consideration	$	803
Less: Fair value of previously held equity interest	(131)
Total purchase price	$	672

The allocation of purchase price recorded for Ondot was finalized in the third quarter of 2021 as follows:

(In millions)
Cash and cash equivalents	$	13
Receivables and other assets	9
Intangible assets	142
Goodwill	173
Payables and other liabilities	(31)
Total consideration	$	306
Less: Fair value of previously held equity interest	(22)
Total purchase price	$	284

Schedule of values and weighted-average useful life allocated to intangible assets

The amounts allocated to identifiable intangible assets were as follows:

(In millions)	Gross Carrying Amount		Weighted-Average Useful Life
Acquired software and technology	$	90	6 years
Trade name	9		5 years
Customer relationships	6		8 years
Total	$	105	6 years

The amounts allocated to identifiable intangible assets were as follows:

(In millions)	Gross Carrying Amount		Weighted-Average Useful Life
Acquired software and technology	$	25	6 years
Customer relationships and other	27		4 years
Total	$	52	5 years

The amounts allocated to identifiable intangible assets were as follows:

(In millions)	Gross Carrying Amount		Weighted-Average Useful Life
Customer relationships	$	90	17 years
Residual buyouts	20		8 years
Acquired software and technology	6		7 years
Non-compete agreements and other	11		5 years
Total	$	127	14 years

The amounts allocated to identifiable intangible assets were as follows:

(In millions)	Gross Carrying Amount		Weighted-Average Useful Life
Acquired software and technology	$	90	6 years
Customer relationships	35		6 years
Non-compete agreements and other	17		4 years
Total	$	142	6 years

The amounts allocated to identifiable intangible assets for other acquisitions acquired in 2022 were as follows:

(In millions)	Gross Carrying Amount		Weighted-Average Useful Life
Acquired software and technology	$	12	7 years
Customer relationships	11		10 years
Total	$	23	9 years

The amounts allocated to identifiable intangible assets for other acquisitions acquired in 2021 were as follows:

(In millions)	Gross Carrying Amount		Weighted-Average Useful Life
Acquired software and technology	$	31	6 years
Customer relationships	9		10 years
Residual buyouts	7		5 years
Total	$	47	7 years