v3.26.1
Deferred Revenue and Remaining Performance Obligations
 3 Months Ended
Apr. 03, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue and Remaining Performance Obligations
NOTE 10. DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS
Deferred Revenue
Changes in our deferred revenue during the first quarter of 2026 and 2025 were as follows:
  First Quarter of
(In millions) 20262025
Beginning balance of the period$998.7 $896.0 
Revenue recognized from prior year-end
(360.9)(327.5)
Billings net of revenue recognized from current year and other
332.9 324.3 
Ending balance of the period$970.7 $892.8 
Remaining Performance Obligations
At the end of the first quarter of 2026, approximately $2.0 billion of revenue was expected to be recognized from remaining performance obligations for which goods or services had not been delivered, primarily subscription, software, and software maintenance, and to a lesser extent, hardware and professional services contracts. We expect to recognize $1.4 billion, approximately 70%, of our remaining performance obligations as revenue during the next 12 months and the remainder thereafter.