A formal power series in the ring $R$ is a sequence
$$
(a_0, a_1, \ldots ),
$$
where the $a_i$ lie in $R$, although this is more often
denoted by
$$
\sum_{n=0}^\infty a_nX^n.
$$
Nevertheless, all of the symbols you see above, except for the coefficients $a_i$ themselves, are just superfluous decorations.
The set of all formal power series is denoted by $R[[X]]$ and it has the structure of a ring, where you add two formal
power
series just by adding their respective coefficients, while the multiplication is defined by
$$
\Big (\sum_{n=0}^\infty a_nX^n\Big ) \Big (\sum_{n=0}^\infty b_nX^n\Big )= \Big (\sum_{n=0}^\infty c_nX^n\Big ),
$$
where
$$
c_n:= \sum_{k=0}^n a_k b_{n-k}.
$$
In addition, $R[[X]]$ is a topological ring by identifying it with the product topological space $R^{\mathbb N}$ in the obvious way, where $R$ is
given the discrete topology.
This means that a sequence
$$
\Big\{\sum_{n=0}^\infty a_{n, k}X^n\Big\}_k
$$
converges to an element $\sum_{n=0}^\infty a_nX^n$ in $R[[X]]$, if and only for every $n$, there is a $k_0$, such that
$a_{n,k}= a_n$, for every $k\geq k_0$. In others words, if you focus on the coefficients of a single $X^n$, you'll notice they stop changing after a while.
Whenever you have a topological ring, you can make sense of convergence of "infinite sums", such as, $\sum_{n=0}^\infty P_n$, by simply
interpreting it as the sequence of partial sums
$$
\Big\{\sum_{n=0}^N P_n\Big\}_N.
$$
In the case of $R[[X]]$, one may choose $P_n: = a_nX^n$ as a formal power series in which all coefficients, except for
$a_n$, are taken to be zero. In that case you may ask whether or not the "infinite sum"
$$
\sum_{n=0}^\infty a_nX^n.
$$
converges in $R[[X]]$. Besides observing that the above is NOT to be understood as an element of $R[[X]]$ (it is an
infinite sum of elements of $R[[X]]$), it is not hard to see that it does converge (Exercise: prove it!) to the element
of $R[[X]]$ you might write as $(a_0, a_1, \ldots )$ in its most formal presentation.
This might be expressed by saying that every power series converges in the ring of formal power series, regardless of how big the coefficients are!