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Summary of Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Weighted Average Diluted Shares Outstanding | The effects of potential common stock were determined using the treasury stock method:
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Basic weighted average shares outstanding | 106.6 |  |  | 105.9 |  |  | 105.3 |
Effect of potential common stock: |  |  |  |  |
Common stock awards | 0.8 |  |  | 0.9 |  |  | 1.2 |
Diluted weighted average shares outstanding | 107.4 |  |  | 106.8 |  |  | 106.5 |
Schedule of Property, Plant and Equipment | Depreciation and amortization are provided for using principally the straight-line method over the estimated useful lives of the assets as follows:
Buildings | 20 - 30 years
Machinery and other equipment | 8 - 12 years
Computer equipment and software | 3 - 5 years
The components of property, plant and equipment at December 31 were as follows:
| 2023 |  | 2022
Land | $ | 1.0 |  |  | $ | 1.0 |
Buildings and leasehold improvements | 57.7 |  |  | 43.0 |
Machinery and other equipment | 137.2 |  |  | 113.2 |
Computer equipment | 116.4 |  |  | 107.5 |
Software | 76.1 |  |  | 71.9 |
Property, plant and equipment, gross | 388.4 |  |  | 336.6 |
Accumulated depreciation | (268.8) |  |  | (251.3) |
Property, plant and equipment, net | $ | 119.6 |  |  | $ | 85.3 |
Schedule of Disaggregated Revenue | See details in the tables below:
|  | Year ended December 31, 2023
Revenue stream |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |
Recurring |  | $ | 2,454.3 |  |  | $ | 1,039.5 |  |  | $ | 17.3 |  |  | $ | 3,511.1 |
Reoccurring |  | 137.8 |  |  | 263.4 |  |  | — |  |  | 401.2 |
Non-recurring |  | 594.8 |  |  | 136.5 |  |  | 1.5 |  |  | 732.8 |
Total Software Revenue |  | 3,186.9 |  |  | 1,439.4 |  |  | 18.8 |  |  | 4,645.1 |
Product Revenue |  | — |  |  | — |  |  | 1,532.7 |  |  | 1,532.7 |
Total Revenue |  | $ | 3,186.9 |  |  | $ | 1,439.4 |  |  | $ | 1,551.5 |  |  | $ | 6,177.8 |
|  | Year ended December 31, 2022
Revenue stream |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |
Recurring |  | $ | 1,946.0 |  |  | $ | 981.4 |  |  | $ | 12.0 |  |  | $ | 2,939.4 |
Reoccurring |  | 124.2 |  |  | 246.2 |  |  | — |  |  | 370.4 |
Non-recurring |  | 569.3 |  |  | 150.9 |  |  | 1.2 |  |  | 721.4 |
Total Software Revenue |  | 2,639.5 |  |  | 1,378.5 |  |  | 13.2 |  |  | 4,031.2 |
Product Revenue |  | — |  |  | — |  |  | 1,340.6 |  |  | 1,340.6 |
Total Revenue |  | $ | 2,639.5 |  |  | $ | 1,378.5 |  |  | $ | 1,353.8 |  |  | $ | 5,371.8 |
|  | Year ended December 31, 2021
Revenue stream |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |
Recurring |  | $ | 1,708.0 |  |  | $ | 837.5 |  |  | $ | 7.8 |  |  | $ | 2,553.3 |
Reoccurring |  | 111.4 |  |  | 249.5 |  |  | — |  |  | 360.9 |
Non-recurring |  | 547.3 |  |  | 136.8 |  |  | 0.8 |  |  | 684.9 |
Total Software Revenue |  | 2,366.7 |  |  | 1,223.8 |  |  | 8.6 |  |  | 3,599.1 |
Product Revenue |  | — |  |  | — |  |  | 1,234.7 |  |  | 1,234.7 |
Total Revenue |  | $ | 2,366.7 |  |  | $ | 1,223.8 |  |  | $ | 1,243.3 |  |  | $ | 4,833.8 |

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