v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
2. Revenue Recognition

Revenue disaggregated by geographical area was as follows:
Three Months Ended June 30, Six Months Ended June 30,
(In millions)2026202520262025
United Kingdom$1,684 $1,590 $3,279 $2,981 
United States782 767 1,533 1,519 
Netherlands256 253 526 485 
France213 216 421 402 
Spain181 166 343 309 
Italy112 105 221 200 
Other213 202 416 380 
Total $3,441 $3,299 $6,739 $6,276 

The Company’s revenue can also be disaggregated by various verticals, reflecting the customers’ principal industry. Revenue disaggregated by industry was as follows:
Three Months Ended June 30, Six Months Ended June 30,
(In millions)2026202520262025
Omnichannel retail$1,637 $1,626 $3,198 $3,048 
Technology and consumer electronics439 402 872 795 
Industrial and manufacturing408 403 802 765 
Consumer packaged goods331 290 665 574 
Food and beverage341 359 658 673 
Other285 219 544 421 
Total$3,441 $3,299 $6,739 $6,276 

Contract Assets and Liabilities

The contract asset and contract liability balances from contracts with customers were as follows:
June 30,December 31,
(In millions)20262025
Contract assets and contract costs included in:
Other current assets$35 $36 
Other long-term assets254 235 
Total contract assets$289 $271 
Contract liabilities included in:
Other current liabilities$272 $279 
Other long-term liabilities110 101 
Total contract liabilities$382 $380 
Contract liabilities represent the Company’s obligation to transfer services to a customer for which the Company has received consideration, or the amount due from a customer before the related services have been transferred. Revenue recognized included in contract liabilities at the beginning of the period was as follows:

Three Months Ended June 30, Six Months Ended June 30,
(In millions)2026202520262025
Revenue recognized
$17 $24 $229 $221