v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Restrictions on cash and cash equivalents
The following table provides a reconciliation between cash and cash equivalents on the consolidated balance sheets and the consolidated statements of cash flows:
(In millions)June 30, 2026December 31, 2025June 30, 2025
Cash and cash equivalents on the consolidated balance sheets
$627 $798 $999 
Cash and cash equivalents included in settlement assets
1,341 1,978 1,956 
Restricted cash
35 26 14 
Total cash and cash equivalents on the consolidated statements of cash flows
$2,003 $2,802 $2,969 
Schedule of cash and cash equivalents
The following table provides a reconciliation between cash and cash equivalents on the consolidated balance sheets and the consolidated statements of cash flows:
(In millions)June 30, 2026December 31, 2025June 30, 2025
Cash and cash equivalents on the consolidated balance sheets
$627 $798 $999 
Cash and cash equivalents included in settlement assets
1,341 1,978 1,956 
Restricted cash
35 26 14 
Total cash and cash equivalents on the consolidated statements of cash flows
$2,003 $2,802 $2,969 
Deferred costs, capitalized, prepaid, and other assets disclosure
Prepaid expenses and other current assets consisted of the following:
(In millions)June 30, 2026December 31, 2025
Prepaid maintenance, postage and insurance$385 $334 
Other prepaid expenses304 269 
Total prepaid expenses (1)
689 603 
Income tax receivables (2)
129 148 
Net merchant cash advances, including Clover Capital program425 564 
Settlement anticipation cash advances
1,007 1,223 
Other current assets827 858 
Total other current assets2,388 2,793 
Total prepaid expenses and other current assets$3,077 $3,396 
(1)Prepaid expenses represent advance payments for goods and services to be consumed in the future.
(2)Includes receivables associated with transferable federal tax credits (see Note 14).
Schedule of interest expense, net Interest expense, net consisted of the following:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Interest expense
$(376)$(376)$(737)$(715)
Interest income
6 11 20 19 
Interest expense, net
$(370)$(365)$(717)$(696)