v3.25.2
Revenues from Contracts (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue See details in the table below:
Three months ended June 30, 2025Three months ended June 30, 2024
Revenue streamApplication SoftwareNetwork SoftwareTechnology Enabled ProductsTotalApplication SoftwareNetwork SoftwareTechnology Enabled Products Total
Software related
Recurring$806.0 $279.6 $11.7 $1,097.3 $700.2 $263.1 $6.2 $969.5 
Reoccurring116.8 70.6 — 187.4 80.5 66.6 — 147.1 
Non-recurring172.1 35.2 — 207.3 151.1 34.5 — 185.6 
Total Software Revenue1,094.9 385.4 11.7 1,492.0 931.8 364.2 6.2 1,302.2 
Product Revenue— — 451.6 451.6 — — 414.6 414.6 
Total Revenue$1,094.9 $385.4 $463.3 $1,943.6 $931.8 $364.2 $420.8 $1,716.8 

Six months ended June 30, 2025Six months ended June 30, 2024
Revenue streamApplication SoftwareNetwork SoftwareTechnology Enabled ProductsTotalApplication SoftwareNetwork SoftwareTechnology Enabled ProductsTotal
Software related
Recurring$1,575.4 $554.9 $20.6 $2,150.9 $1,393.8 $530.9 $11.8 $1,936.5 
Reoccurring250.7 138.3 — 389.0 134.1 135.2 — 269.3 
Non-recurring337.0 68.1 — 405.1 299.1 68.9 — 368.0 
Total Software Revenue2,163.1 761.3 20.6 2,945.0 1,827.0 735.0 11.8 2,573.8 
Product Revenue— — 881.4 881.4 — — 823.7 823.7 
Total Revenue$2,163.1 $761.3 $902.0 $3,826.4 $1,827.0 $735.0 $835.5 $3,397.5 
Schedule of Contract Balances
Contract balances
Balance sheet accountJune 30, 2025December 31, 2024Change
Unbilled receivables $140.0 $127.3 $12.7 
Deferred revenue – current
(1,618.1)(1,737.4)119.3 
Deferred revenue – non-current (1)
(169.6)(154.7)(14.9)
Net contract assets/(liabilities)$(1,647.7)$(1,764.8)$117.1 
(1) The non-current portion of deferred revenue is included in “Other liabilities” in our Condensed Consolidated Balance Sheets.