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Revenues from Contracts (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | See details in the table below:
| Three months ended June 30, 2024 |  |  | Three months ended June 30, 2023
Revenue stream | Application Software |  | Network Software |  | Technology Enabled Products |  | Total |  |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring | $ | 700.2 |  |  | $ | 263.1 |  |  | $ | 6.2 |  |  | $ | 969.5 |  |  |  | $ | 587.2 |  |  | $ | 258.3 |  |  | $ | 4.2 |  |  | $ | 849.7 |
Reoccurring | 80.5 |  |  | 66.6 |  |  | — |  |  | 147.1 |  |  |  | 34.3 |  |  | 65.7 |  |  | — |  |  | 100.0 |
Non-recurring | 151.1 |  |  | 34.5 |  |  | — |  |  | 185.6 |  |  |  | 148.8 |  |  | 34.1 |  |  | 0.4 |  |  | 183.3 |
Total Software Revenue | 931.8 |  |  | 364.2 |  |  | 6.2 |  |  | 1,302.2 |  |  |  | 770.3 |  |  | 358.1 |  |  | 4.6 |  |  | 1,133.0 |
Product Revenue | — |  |  | — |  |  | 414.6 |  |  | 414.6 |  |  |  | — |  |  | — |  |  | 398.2 |  |  | 398.2 |
Total Revenue | $ | 931.8 |  |  | $ | 364.2 |  |  | $ | 420.8 |  |  | $ | 1,716.8 |  |  |  | $ | 770.3 |  |  | $ | 358.1 |  |  | $ | 402.8 |  |  | $ | 1,531.2 |
| Six months ended June 30, 2024 |  |  | Six months ended June 30, 2023
Revenue stream | Application Software |  | Network Software |  | Technology Enabled Products |  | Total |  |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring | $ | 1,393.8 |  |  | $ | 530.9 |  |  | $ | 11.8 |  |  | $ | 1,936.5 |  |  |  | $ | 1,167.8 |  |  | $ | 514.2 |  |  | $ | 8.0 |  |  | $ | 1,690.0 |
Reoccurring | 134.1 |  |  | 135.2 |  |  | — |  |  | 269.3 |  |  |  | 69.7 |  |  | 129.9 |  |  | — |  |  | 199.6 |
Non-recurring | 299.1 |  |  | 68.9 |  |  | — |  |  | 368.0 |  |  |  | 294.2 |  |  | 68.5 |  |  | 0.8 |  |  | 363.5 |
Total Software Revenue | 1,827.0 |  |  | 735.0 |  |  | 11.8 |  |  | 2,573.8 |  |  |  | 1,531.7 |  |  | 712.6 |  |  | 8.8 |  |  | 2,253.1 |
Product Revenue | — |  |  | — |  |  | 823.7 |  |  | 823.7 |  |  |  | — |  |  | — |  |  | 747.8 |  |  | 747.8 |
Total Revenue | $ | 1,827.0 |  |  | $ | 735.0 |  |  | $ | 835.5 |  |  | $ | 3,397.5 |  |  |  | $ | 1,531.7 |  |  | $ | 712.6 |  |  | $ | 756.6 |  |  | $ | 3,000.9 |
Schedule of Contract Balances | Contract balances
Balance sheet account | June 30, 2024 |  | December 31, 2023 |  | Change
Unbilled receivables | $ | 123.8 |  |  | $ | 106.4 |  |  | $ | 17.4 |
Deferred revenue – current | (1,468.3) |  |  | (1,583.8) |  |  | 115.5 |
Deferred revenue – non-current (1) | (132.8) |  |  | (130.7) |  |  | (2.1) |
Net contract assets/(liabilities) | $ | (1,477.3) |  |  | $ | (1,608.1) |  |  | $ | 130.8 |
(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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