v3.26.1
Revenues and Trade Accounts Receivable
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues and Trade Accounts Receivable
Disaggregation of Revenues

The tables below present disaggregated revenues from contracts with clients by client location, service line and contract type for each of our reportable business segments. We believe this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors. Our consulting and technology services include consulting, application development, systems integration, quality engineering and assurance services as well as software solutions and related services while our outsourcing services include application maintenance, infrastructure and security as well as business process services. Revenues are attributed to geographic regions based upon client location, which is the client's billing address. Substantially all revenues in the North America region relate to clients in the United States.
Three Months Ended
June 30, 2026		Six Months Ended
June 30, 2026
(in millions)HSFSP&RCMTTotalHSFSP&RCMTTotal
Revenues
Geography:
North America$1,307 $1,263 $918 $639 $4,127 $2,618 $2,439 $1,834 $1,288 $8,179 
United Kingdom60 165 151 116 492 117 336 315 233 1,001 
Continental Europe164 167 171 33 535 332 333 332 68 1,065 
Europe - Total224 332 322 149 1,027 449 669 647 301 2,066 
Rest of World 41 138 82 66 327 84 269 162 134 649 
Total$1,572 $1,733 $1,322 $854 $5,481 $3,151 $3,377 $2,643 $1,723 $10,894 
Service line:
Consulting and technology services$925 $1,255 $900 $438 $3,518 $1,838 $2,440 $1,801 $930 $7,009 
Outsourcing services647 478 422 416 1,963 1,313 937 842 793 3,885 
Total$1,572 $1,733 $1,322 $854 $5,481 $3,151 $3,377 $2,643 $1,723 $10,894 
Type of contract:
Time and materials$487 $848 $515 $455 $2,305 $961 $1,628 $1,038 $889 $4,516 
Fixed-price803 825 718 344 2,690 1,609 1,633 1,431 741 5,414 
Transaction or volume-based282 60 89 55 486 581 116 174 93 964 
Total$1,572 $1,733 $1,322 $854 $5,481 $3,151 $3,377 $2,643 $1,723 $10,894 
Three Months Ended
June 30, 2025		Six Months Ended
June 30, 2025
(in millions)HSFSP&RCMTTotalHSFSP&RCMTTotal
Revenues
Geography:
North America$1,298 $1,096 $918 $600 $3,912 $2,628 $2,139 $1,829 $1,170 $7,766 
United Kingdom51 159 148 124 482 100 312 285 242 939 
Continental Europe166 160 159 35 520 326 307 312 68 1,013 
Europe - Total217 319 307 159 1,002 426 619 597 310 1,952 
Rest of World 36 132 81 82 331 68 251 158 165 642 
Total$1,551 $1,547 $1,306 $841 $5,245 $3,122 $3,009 $2,584 $1,645 $10,360 
Service line:
Consulting and technology services$908 $1,099 $918 $464 $3,389 $1,778 $2,119 $1,805 $913 $6,615 
Outsourcing services643 448 388 377 1,856 1,344 890 779 732 3,745 
Total$1,551 $1,547 $1,306 $841 $5,245 $3,122 $3,009 $2,584 $1,645 $10,360 
Type of contract:
Time and materials$495 $812 $580 $454 $2,341 $976 $1,576 $1,136 $888 $4,576 
Fixed-price750 687 638 338 2,413 1,541 1,338 1,272 672 4,823 
Transaction or volume-based306 48 88 49 491 605 95 176 85 961 
Total$1,551 $1,547 $1,306 $841 $5,245 $3,122 $3,009 $2,584 $1,645 $10,360 
Costs to Fulfill
The following table shows significant movements in the capitalized costs to fulfill for the six months ended June 30:
(in millions)20262025
Beginning balance$161 $209 
Costs capitalized60 20 
Amortization expense(31)(40)
Impairment charges— (7)
Ending balance$190 $182 
Costs to obtain contracts were immaterial for the periods disclosed.
Contract Balances
The table below shows significant movements in contract assets (current and noncurrent) for the six months ended June 30:
(in millions)20262025
Beginning balance$466 $386 
Revenues recognized during the period but not billed550 426 
Amounts reclassified to trade accounts receivable(403)(323)
Amounts acquired in business combinations17 — 
Ending balance$630 $489 
The table below shows significant movements in the deferred revenue balances (current and noncurrent) for the six months ended June 30:
(in millions)20262025
Beginning balance$538 $480 
Amounts billed but not recognized as revenues394 332 
Revenues recognized related to the beginning balance of deferred revenue(411)(338)
Ending balance$521 $474 
Revenues recognized during the six months ended June 30, 2026 for performance obligations satisfied or partially satisfied in previous periods were immaterial.
Remaining Performance Obligations
As of June 30, 2026, the aggregate amount of transaction price allocated to remaining performance obligations was $6,939 million, of which approximately 35% is expected to be recognized as revenues within 1 year, approximately 55% is expected to be recognized as revenues within 2 years and approximately 95% is expected to be recognized as revenues within 5 years. Disclosure is not required for performance obligations that meet any of the following criteria:
(1)contracts with a duration of one year or less as determined under ASC Topic 606: "Revenue from Contracts with Customers,"
(2)contracts for which we recognize revenues based on the right to invoice for services performed,
(3)variable consideration allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation in accordance with ASC 606-10-25-14(b), for which the criteria in ASC 606-10-32-40 have been met, or
(4)variable consideration in the form of a sales-based or usage-based royalty promised in exchange for a license of intellectual property.
Many of our performance obligations meet one or more of these exemptions and therefore are not included in the remaining performance obligation amount disclosed above.
Trade Accounts Receivable and Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses for trade accounts receivable for the six months ended June 30:
(in millions)20262025
Beginning balance$23 $26 
Credit loss (income) expense (1)
(2)5 
Write-offs charged against the allowance— (5)
Ending balance$21 $26 
(1)Reported in "Selling, general and administrative expenses" in our unaudited consolidated statements of operations.