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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Transaction and processing service fees [1] $ 1,563 $ 1,591
Product sales and other [1] 319 279
Total revenues (excluding reimbursable items) 1,882 1,870
Reimbursable debit network fees, postage, and other 919 907
Total revenues 2,801 2,777
Expenses:    
Cost of services (exclusive of items shown below) 700 731
Cost of products sold 80 78
Selling, general, and administrative 525 564
Depreciation and amortization 228 238
Other operating expenses 22 21
Total expenses (excluding reimbursable items) 1,555 1,632
Reimbursable debit network fees, postage, and other 919 907
Total expenses 2,474 2,539
Operating (loss) profit 327 238
Interest expense, net (234) (263)
Loss on debt extinguishment (56) (46)
Other (expense) income (1) 6
Income (loss) before income taxes and equity earnings in affiliates 36 (65)
Income tax expense 12 5
Equity earnings in affiliates 55 64
Net income (loss) 79 (6)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interest 43 50
Net income (loss) attributable to First Data Corporation $ 36 $ (56)
Net income (loss) attributable to First Data Corporation per share:    
Basic (in dollars per share) $ 0.04 $ (0.06)
Diluted (in dollars per share) $ 0.04 $ (0.06)
Weighted-average common shares outstanding:    
Basic (in shares) 910 896
Diluted (in shares) 931 896
[1] Includes processing fees, administrative service fees, and other fees charged to merchant alliances accounted for under the equity method of $52 million and $53 million for the three months ended March 31, 2017 and 2016, respectively.