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v3.25.1

Revenues from Contracts (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | See details in the table below:
| Three months ended March 31, 2025 |  |  | Three months ended March 31, 2024
Revenue stream | Application Software |  | Network Software |  | Technology Enabled Products |  | Total |  |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring | $ | 769.4 |  |  | $ | 275.3 |  |  | $ | 8.9 |  |  | $ | 1,053.6 |  |  |  | $ | 693.6 |  |  | $ | 267.8 |  |  | $ | 5.6 |  |  | $ | 967.0 |
Reoccurring | 133.9 |  |  | 67.7 |  |  | — |  |  | 201.6 |  |  |  | 53.6 |  |  | 68.6 |  |  | — |  |  | 122.2 |
Non-recurring | 164.9 |  |  | 32.9 |  |  | — |  |  | 197.8 |  |  |  | 148.0 |  |  | 34.4 |  |  | — |  |  | 182.4 |
Total Software Revenue | 1,068.2 |  |  | 375.9 |  |  | 8.9 |  |  | 1,453.0 |  |  |  | 895.2 |  |  | 370.8 |  |  | 5.6 |  |  | 1,271.6 |
Product Revenue | — |  |  | — |  |  | 429.8 |  |  | 429.8 |  |  |  | — |  |  | — |  |  | 409.1 |  |  | 409.1 |
Total Revenue | $ | 1,068.2 |  |  | $ | 375.9 |  |  | $ | 438.7 |  |  | $ | 1,882.8 |  |  |  | $ | 895.2 |  |  | $ | 370.8 |  |  | $ | 414.7 |  |  | $ | 1,680.7 |
Schedule of Contract Balances | Contract balances
Balance sheet account | March 31, 2025 |  | December 31, 2024 |  | Change
Unbilled receivables | $ | 135.7 |  |  | $ | 127.3 |  |  | $ | 8.4 |
Deferred revenue – current | (1,667.9) |  |  | (1,737.4) |  |  | 69.5 |
Deferred revenue – non-current (1) | (164.9) |  |  | (154.7) |  |  | (10.2) |
Net contract assets/(liabilities) | $ | (1,697.1) |  |  | $ | (1,764.8) |  |  | $ | 67.7 |
(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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