Revenues (Tables)

12 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Impact of Adoption of New Revenue Standard

The following table summarizes the cumulative transition adjustments for the adoption of the new revenue standard recorded on the October 1, 2018 consolidated balance sheet to reflect the aggregate impact to all contracts not completed as of October 1, 2018:

	Fiscal Year 2018 Closing Balance Sheet		Cumulative Transition Adjustment for New Revenue Standard		Fiscal Year 2019 Opening Balance Sheet
	(in millions)
Assets
Current portion of client incentives	$	340	$	199	$	539
Client incentives	538		614		1,152
Liabilities
Client incentives	2,834		241		3,075
Accrued liabilities	1,160		6		1,166
Deferred tax liabilities	4,618		108		4,726
Other liabilities	2,666		58		2,724
Equity
Accumulated income	11,318		400		11,718

The following tables summarize the impact of the new revenue standard on the Company’s consolidated statement of operations for the year ended September 30, 2019 and the consolidated balance sheet as of September 30, 2019:

	For the Year Ended September 30, 2019
	As Reported		Impact of the New Revenue Standard			Results Under Prior Revenue Standard
	(in millions)
Net revenues	$	22,977	$	(352	)	$	22,625
Operating expenses
Marketing	1,105		(128		)	977
Professional fees	454		(19		)	435
General and administrative	1,196		(33		)	1,163
Total operating expenses	7,976		(180		)	7,796
Operating income	15,001		(172		)	14,829
Income before income taxes	14,884		(172		)	14,712
Income tax provision	2,804		(34		)	2,770
Net income	12,080		(138		)	11,942

	September 30, 2019
	As Reported		Impact of the New Revenue Standard			Results Under Prior Revenue Standard
	(in millions)
Assets
Current portion of client incentives	$	741	$	(306	)	$	435
Client incentives	2,084		(1,024		)	1,060
Liabilities
Accounts payable	156		28			184
Client incentives	3,997		(498		)	3,499
Accrued liabilities	1,625		(54		)	1,571
Deferred tax liabilities	4,807		(141		)	4,666
Other liabilities	2,939		(127		)	2,812
Equity
Accumulated income	13,502		(538		)	12,964

Disaggregation of Revenues

The following tables disaggregate the Company’s net revenues by revenue category and by geography for the years ended September 30, 2019, 2018, and 2017:

	For the Years Ended September 30,
	2019			2018			2017
	(in millions)
Service revenues	$	9,700		$	8,918		$	7,975
Data processing revenues	10,333			9,027			7,786
International transaction revenues	7,804			7,211			6,321
Other revenues	1,313			944			841
Client incentives	(6,173		)	(5,491		)	(4,565		)
Net revenues	$	22,977		$	20,609		$	18,358

	For the Years Ended September 30,
	2019		2018		2017
	(in millions)
U.S.	$	10,279	$	9,332	$	8,704
International	12,698		11,277		9,654
Net revenues	$	22,977	$	20,609	$	18,358