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Revenues from Contracts (Tables)
3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Three Months Ended March 31,
20212020
Software and related services$864.5 $668.5 
Engineered products and related services664.1 682.2 
Net revenues$1,528.6 $1,350.7 
Contract Balances
Contract balances
Balance Sheet AccountMarch 31, 2021December 31, 2020Change
Unbilled receivables $268.0 $241.7 $26.3 
Contract liabilities - current (1)
(1,036.9)(1,012.0)(24.9)
Deferred revenue - non-current (2)
(76.4)(43.1)(33.3)
Net contract assets/(liabilities)$(845.3)$(813.4)$(31.9)
(1) Consists of “Deferred revenue,” and billings in-excess of revenues (“BIE”). BIE is reported in “Other accrued liabilities” in our Condensed Consolidated Balance Sheets.
(2) The non-current portion of deferred revenue is included in “Other liabilities” in our Condensed Consolidated Balance Sheets.