v3.26.1
Deferred Revenue (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Deferred Revenue
Three months ended June 30,Six months ended June 30,
2026202520262025
(in US $ millions)
Balance, beginning of the period407 430 398 430 
Deferral of revenue(1)
128 114 190 171 
Recognition of deferred revenue from beginning balance(121)(123)(174)(180)
Balance, end of the period414 421 414 421 
(1) Deferral of revenue includes only the portion of collections from merchant billings throughout the period, primarily related to subscription fees, for which the services have not yet been provided. The amounts primarily exclude subscription revenue that has both been deferred and recognized within the period presented.
June 30, 2026June 30, 2025
(in US $ millions)
Current portion335 298 
Long-term portion79 123 
414 421 
The table below summarizes the gross changes in deferred revenue associated with this non-cash consideration received for the three and six months ended June 30, 2026 and 2025:
Three months ended June 30,Six months ended June 30,
2026202520262025
(in US $ millions)
Balance, beginning of the period129 177 141 190 
Non-cash consideration received in exchange for services8 — 8 — 
Revenue recognized related to non-cash consideration(13)(12)(25)(25)
Balance, end of the period124 165 124 165 
Current portion50 49 
Long-term portion74 116 
124 165