v3.26.1
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Changes in Deferred Revenue

Changes in deferred revenue for the three and six months ended June 30, 2026 and 2025 were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Balance, beginning of period

 

$

154.1

 

 

$

148.7

 

 

$

150.2

 

 

$

144.6

 

Recognition of revenue included in beginning of period balance

 

 

(12.6

)

 

 

(12.0

)

 

 

(20.3

)

 

 

(21.4

)

Contract balance, net of revenue recognized during the period

 

 

11.4

 

 

 

13.0

 

 

 

22.9

 

 

 

26.5

 

Balance, end of period

 

$

152.9

 

 

$

149.7

 

 

$

152.9

 

 

$

149.7

 

Summary of Asset Balances and Related Amortization Expense For Contract Costs

The following tables present the asset balances and related amortization expense for these contract costs:

 

 

As of and for the Three Months Ended June 30, 2026

 

 

 

Beginning
Balance

 

 

Capitalization
of Costs

 

 

Amortization

 

 

Ending
Balance

 

Costs to obtain a contract

 

$

481.7

 

 

$

17.6

 

 

$

(19.9

)

 

$

479.3

 

Costs to fulfill a contract

 

$

555.1

 

 

$

25.6

 

 

$

(22.0

)

 

$

558.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Three Months Ended June 30, 2025

 

 

 

Beginning
Balance

 

 

Capitalization
of Costs

 

 

Amortization

 

 

Ending
Balance

 

Costs to obtain a contract

 

$

441.4

 

 

$

21.4

 

 

$

(18.1

)

 

$

444.7

 

Costs to fulfill a contract

 

$

514.6

 

 

$

32.5

 

 

$

(19.4

)

 

$

527.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Six Months Ended June 30, 2026

 

 

 

Beginning
Balance

 

 

Capitalization
of Costs

 

 

Amortization

 

 

Ending
Balance

 

Costs to obtain a contract

 

$

469.1

 

 

$

49.8

 

 

$

(39.5

)

 

$

479.3

 

Costs to fulfill a contract

 

$

547.8

 

 

$

54.3

 

 

$

(43.5

)

 

$

558.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Six Months Ended June 30, 2025

 

 

 

Beginning
Balance

 

 

Capitalization
of Costs

 

 

Amortization

 

 

Ending
Balance

 

Costs to obtain a contract

 

$

425.7

 

 

$

54.7

 

 

$

(35.7

)

 

$

444.7

 

Costs to fulfill a contract

 

$

498.3

 

 

$

67.3

 

 

$

(37.9

)

 

$

527.7