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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Transaction and processing service fees [1] $ 1,591 $ 1,566
Product sales and other [1] 279 256
Total revenues (excluding reimbursable items) 1,870 1,822
Reimbursable PIN debit fees, postage, and other 907 873
Total revenues 2,777 2,695
Expenses:    
Cost of services (exclusive of items shown below) 731 714
Cost of products sold 78 76
Selling, general, and administrative 564 520
Depreciation and amortization 238 251
Other operating expenses 21 1
Total expenses (excluding reimbursable items) 1,632 1,562
Reimbursable PIN debit fees, postage, and other 907 873
Total expenses 2,539 2,435
Operating (loss) profit 238 260
Interest expense, net (263) (406)
Loss on debt extinguishment (46) 0
Other income 6 35
(Loss) income before income taxes and equity earnings in affiliates (65) (111)
Income tax expense 5 3
Equity earnings in affiliates 64 51
Net (loss) income (6) (63)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 50 49
Net (loss) income attributable to First Data Corporation $ (56) $ (112)
Net loss per share, basic and diluted (in dollars per share) $ (0.06) $ (112,000.00)
Weighted-average shares used to compute basic and diluted net loss per share (in shares) 896,339,379 1,000
[1] Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $53 million and $50 million for the three months ended March 31, 2016 and 2015, respectively.