Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Schedule of amounts associated with processing services revenue

Interchange fees and assessments charged by credit card and debit networks to the Company’s consolidated subsidiaries were as follows for the three and six months ended June 30, 2019 and 2018:



	Three months ended June 30,				Six months ended June 30,
(in millions)	2019		2018		2019		2018
Interchange fees and assessments	$	7,573	$	7,164	$	14,371	$	13,640
Debit network fees	975		903		1,846		1,721

Revenue disaggregated by geographical regions and product types

The following tables present revenues disaggregated by primary geographical regions for the three and six months ended June 30, 2019 and 2018:



	Three months ended June 30, 2019
(in millions)	Global Business Solutions		Global Financial Solutions		Network & Security Solutions		Total
North America	$	1,216	$	413	$	362	$	1,991
EMEA	173		92		4		269
LATAM	103		35		1		139
APAC	55		30		1		86
Total Revenue^(a)(b)	$	1,547	$	570	$	368	$	2,485


(a)	See note 7 "Segment Information" for the reconciliation to segment revenues.


(b)	Global Business Solutions includes non wholly-owned entities and Global Financial Solutions includes reimbursable items, which includes postage and customized orders.



	Three months ended June 30, 2018
(in millions)	Global Business Solutions		Global Financial Solutions		Network & Security Solutions		Total
North America	$	1,161	$	432	$	359	$	1,952
EMEA	172		121		5		298
LATAM	84		37		1		122
APAC	50		25		1		76
Total Revenue^(a)(b)	$	1,467	$	615	$	366	$	2,448


(a)	See note 7 "Segment Information" for the reconciliation to segment revenues.


(b)	Global Business Solutions includes non wholly-owned entities and Global Financial Solutions includes reimbursable items, which includes postage and customized orders.



	Six months ended June 30, 2019
(in millions)	Global Business Solutions		Global Financial Solutions		Network & Security Solutions		Total
North America	$	2,304	$	823	$	713	$	3,840
EMEA	334		177		7		518
LATAM	203		68		1		272
APAC	107		62		2		171
Total Revenue^(a)(b)	$	2,948	$	1,130	$	723	$	4,801


(a)	See note 7 "Segment Information" for the reconciliation to segment revenues.


(b)	Global Business Solutions includes non wholly-owned entities and Global Financial Solutions includes reimbursable items, which includes postage and customized orders.



	Six months ended June 30, 2018
(in millions)	Global Business Solutions		Global Financial Solutions		Network & Security Solutions		Total
North America	$	2,194	$	855	$	710	$	3,759
EMEA	334		233		7		574
LATAM	171		68		1		240
APAC	98		56		3		157
Total Revenue^(a)(b)	$	2,797	$	1,212	$	721	$	4,730


(a)	See note 7 "Segment Information" for the reconciliation to segment revenues.


(b)	Global Business Solutions includes non wholly-owned entities and Global Financial Solutions includes reimbursable items, which includes postage and customized orders.

The following table presents revenues disaggregated by product types for the three and six months ended June 30, 2019 and 2018:



	Three months ended June 30,				Six months ended June 30,
(in millions)	2019		2018		2019		2018
Transaction and processing services	$	2,197	$	2,160	$	4,239	$	4,171
Hardware, Professional Services, and Other	288		288		562		559
Total Revenue	$	2,485	$	2,448	$	4,801	$	4,730

Changes in deferred revenue

The following table presents the changes in deferred revenue for the six months ended June 30, 2019 and 2018:



	Six months ended June 30,
(in millions)	2019			2018
Balance, beginning of the period	$	298		$	344
New Revenue Standard adjustments	—			(39		)
Deferral of revenue	81			120
Recognition of unearned revenue	(96		)	(109		)
Other (primarily foreign currency translation)	(9		)	(22		)
Balance, end of period	$	274		$	294

FIRST DATA CORP 10-Q