v3.23.2
Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Revenue | $ 4,756 | $ 4,450 | $ 9,303 | $ 8,588 | ||
| Selling, general and administrative | 1,696 | 1,546 | 3,300 | 3,013 | ||
| Net loss (gain) on sale of businesses and other assets | 0 | 0 | 4 | (147) | ||
| Total expenses | 3,625 | 3,590 | 7,238 | 6,882 | ||
| Operating income | 1,131 | 860 | 2,065 | 1,706 | ||
| Interest expense, net | (232) | (176) | (434) | (344) | ||
| Other expense, net | (26) | (66) | (46) | (70) | ||
| Income before income taxes and (loss) income from investments in unconsolidated affiliates | 873 | 618 | 1,585 | 1,292 | ||
| Income tax provision | (181) | (137) | (305) | (235) | ||
| (Loss) income from investments in unconsolidated affiliates | 3 | 128 | (9) | 234 | ||
| Net income | 695 | 609 | 1,271 | 1,291 | ||
| Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests | 12 | 11 | 25 | 24 | ||
| Net income attributable to Fiserv, Inc. | $ 683 | $ 598 | $ 1,246 | $ 1,267 | ||
| Net income attributable to Fiserv, Inc. per share: | ||||||
| Basic (in dollars per share) | $ 1.11 | $ 0.93 | $ 2.01 | $ 1.95 | ||
| Diluted (in dollars per share) | $ 1.10 | $ 0.92 | $ 1.99 | $ 1.94 | ||
| Shares used in computing net income attributable to Fiserv, Inc. per share: | ||||||
| Basic (in shares) | 615.4 | 645.2 | 621.2 | 648.0 | ||
| Diluted (in shares) | 619.2 | 650.8 | 625.3 | 654.0 | ||
| Processing and services | ||||||
| Revenue | [1] | $ 3,924 | $ 3,696 | $ 7,597 | $ 7,060 | |
| Cost of goods sold and services | 1,351 | 1,502 | 2,756 | 2,938 | ||
| Product | ||||||
| Revenue | 832 | 754 | 1,706 | 1,528 | ||
| Cost of goods sold and services | $ 578 | $ 542 | $ 1,178 | $ 1,078 | ||
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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