v3.26.3
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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)September 30, 2026December 31, 2025September 30, 2025
Cash and cash equivalents on the consolidated balance sheets
$545 $798 $1,068 
Cash and cash equivalents included in settlement assets
713 1,978 1,682 
Restricted cash
68 26 15 
Total cash and cash equivalents on the consolidated statements of cash flows
$1,326 $2,802 $2,765 
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)September 30, 2026December 31, 2025September 30, 2025
Cash and cash equivalents on the consolidated balance sheets
$545 $798 $1,068 
Cash and cash equivalents included in settlement assets
713 1,978 1,682 
Restricted cash
68 26 15 
Total cash and cash equivalents on the consolidated statements of cash flows
$1,326 $2,802 $2,765 
Deferred costs, capitalized, prepaid, and other assets disclosure
Prepaid expenses and other current assets consisted of the following:
(In millions)September 30, 2026December 31, 2025
Prepaid maintenance, postage and insurance$374 $334 
Other prepaid expenses297 269 
Total prepaid expenses (1)
671 603 
Income tax receivables (2)
120 148 
Net merchant cash advances, including Clover Capital program350 564 
Settlement anticipation cash advances
1,004 1,223 
Other current assets885 858 
Total other current assets2,359 2,793 
Total prepaid expenses and other current assets$3,030 $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 goodwill
The table below presents the impairment charge and remaining goodwill balance by reporting unit and corresponding reportable segment:
(In millions)Reportable SegmentImpairment ChargeGoodwill Balance at September 30, 2026
Reporting Unit 1
Merchant
$373 $945 
Reporting Unit 2
Financial
1,686 302 
Reporting Unit 4
Financial
281 — 
Reporting Unit 5
Merchant
863 1,694 
Reporting Unit 6
Merchant
831 3,454 
Reporting Unit 7
Merchant
916 647 
Reporting Unit 8
Merchant
709 3,870 
Reporting Unit 9
Financial
679 1,840 
Reporting Unit 10
Financial
114 313 
$6,452 $13,065 
The following table presents changes in goodwill during the nine months ended September 30, 2026:
Reportable Segments
(In millions)MerchantFinancialTotal
Goodwill - December 31, 2025$23,106 $14,597 $37,703 
Acquisition measurement period adjustments (see Note 4)16 — 16 
Dispositions (see Note 4)— (173)(173)
Impairment(3,692)(2,760)(6,452)
Foreign currency translation(115)(26)(141)
Goodwill - September 30, 2026$19,315 $11,638 $30,953 
Schedule of interest expense, net Interest expense, net consisted of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Interest expense
$(344)$(432)$(1,081)$(1,147)
Interest income
11 10 31 29 
Interest expense, net
$(333)$(422)$(1,050)$(1,118)