v3.26.1
Revenue (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenues disaggregated by primary geographic markets, major product lines, and sales channels are as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Primary geographical markets(1):
United States$1,051 $930 $2,052 $1,780 
Europe531 438 1,060 840 
Canada132 108 258 211 
Latin America97 46 186 87 
Asia Pacific58 10 106 23 
Other53 44 106 92 
Total Revenues$1,922 $1,576 $3,768 $3,033 
Major product and services lines:
Equipment$387 $336 $765 $620 
Supplies, paper and other sales469 176 906 344 
Maintenance agreements(2)
425 379 842 747 
IT products(3)
140 153 245 258 
Service arrangements(4)
421 439 843 868 
Rental and other55 61 115 131 
Financing25 32 52 65 
Total Revenues$1,922 $1,576 $3,768 $3,033 
Sales channels:
Direct equipment lease(5)
$90 $108 $181 $220 
Distributors & resellers(6)
523 238 1,048 447 
Customer direct383 319 687 555 
Total Sales$996 $665 $1,916 $1,222 
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(1)Geographic area data is based upon the location of the subsidiary reporting the revenue.
(2)Includes revenues from maintenance agreements on sold equipment as well as revenues associated with service agreements sold through our channel partners, as well as services revenues related to our IT Solutions.
(3)IT products include IT hardware and software solutions sold by the IT Solutions segment.
(4)Primarily includes revenues from our Print outsourcing arrangements including revenues from embedded operating leases in those arrangements.    
(5)Primarily reflects sales through bundled lease arrangements.
(6)Primarily reflects sales through our two-tier distribution channels.
Schedule of Contract Liabilities Activity The following table summarizes our contract liabilities activity:
20262025
Balance at January 1st
$279 $130 
Revenue recognized(1)
(76)(59)
Billings and customer advances(2)
68 63 
Foreign currency and other— (4)
Acquisition(3)
— 22 
Balance at March 31st
$271 $152 
Revenue recognized(1)
(79)(76)
Billings and customer advances(2)
72 61 
Foreign currency and other1 — 
Acquisition(3)
5 — 
Balance at June 30th
$270 $137 
_____________
(1)Reflects amounts included in the January 1st beginning balance.
(2)Excludes revenue recognized during the period.
(3)2026 relates to Lexmark Acquisition-related activity and 2025 relates to ITSavvy acquisition-related activity.
Schedule of Capitalized Contract Cost
Changes in contract costs, net are as follows:
20262025
Balance at January 1st,$163 $139 
Customer contract costs deferred17 17 
Amortization of customer contract costs(17)(16)
Other(1)
(3)— 
Balance at March 31st,$160 $140 
Customer contract costs deferred12 18 
Amortization of customer contract costs(18)(17)
Other(1)
1 2 
Balance at June 30th,$155 $143 
_____________
(1)Includes currency