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Revenues from Contracts (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | See details in the table below:
| Three months ended March 31, 2024 |  |  | Three months ended March 31, 2023
Revenue stream | Application Software |  | Network Software |  | Technology Enabled Products |  | Total |  |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring | $ | 693.6 |  |  | $ | 267.8 |  |  | $ | 5.6 |  |  | $ | 967.0 |  |  |  | $ | 580.6 |  |  | $ | 255.9 |  |  | $ | 3.8 |  |  | $ | 840.3 |
Reoccurring | 53.6 |  |  | 68.6 |  |  | — |  |  | 122.2 |  |  |  | 35.4 |  |  | 64.2 |  |  | — |  |  | 99.6 |
Non-recurring | 148.0 |  |  | 34.4 |  |  | — |  |  | 182.4 |  |  |  | 145.4 |  |  | 34.4 |  |  | 0.4 |  |  | 180.2 |
Total Software Revenue | 895.2 |  |  | 370.8 |  |  | 5.6 |  |  | 1,271.6 |  |  |  | 761.4 |  |  | 354.5 |  |  | 4.2 |  |  | 1,120.1 |
Product Revenue | — |  |  | — |  |  | 409.1 |  |  | 409.1 |  |  |  | — |  |  | — |  |  | 349.6 |  |  | 349.6 |
Total Revenue | $ | 895.2 |  |  | $ | 370.8 |  |  | $ | 414.7 |  |  | $ | 1,680.7 |  |  |  | $ | 761.4 |  |  | $ | 354.5 |  |  | $ | 353.8 |  |  | $ | 1,469.7 |
Schedule of Contract Balances | Contract balances
Balance sheet account | March 31, 2024 |  | December 31, 2023 |  | Change
Unbilled receivables | $ | 118.2 |  |  | $ | 106.4 |  |  | $ | 11.8 |
Deferred revenue – current | (1,507.7) |  |  | (1,583.8) |  |  | 76.1 |
Deferred revenue – non-current (1) | (145.1) |  |  | (130.7) |  |  | (14.4) |
Net contract assets/(liabilities) | $ | (1,534.6) |  |  | $ | (1,608.1) |  |  | $ | 73.5 |
(1) The non-current portion of deferred revenue is included in “Other liabilities” in our Condensed Consolidated Balance Sheets.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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