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v3.25.1

Reportable Segments (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following table presents selected financial information by reportable segment:
| Three months ended March 31, 2025 |  |  | Three months ended March 31, 2024
| Application Software |  | Network Software |  | Technology Enabled Products | Segments Total |  |  | Application Software |  | Network Software |  | Technology Enabled Products | Segments Total
Net revenues | $ | 1,068.2 |  |  | $ | 375.9 |  |  | $ | 438.7 |  |  | $ | 1,882.8 |  |  |  | $ | 895.2 |  |  | $ | 370.8 |  |  | $ | 414.7 |  |  | $ | 1,680.7 |
Cost of sales | 347.4 |  |  | 60.3 |  |  | 181.4 |  |  | 589.1 |  |  |  | 269.5 |  |  | 54.5 |  |  | 175.7 |  |  | 499.7 |
SG&A expenses | 444.0 |  |  | 148.9 |  |  | 103.7 |  |  | 696.6 |  |  |  | 386.1 |  |  | 149.3 |  |  | 102.8 |  |  | 638.2 |
Operating profit* | $ | 276.8 |  |  | $ | 166.7 |  |  | $ | 153.6 |  |  | $ | 597.1 |  |  |  | $ | 239.6 |  |  | $ | 167.0 |  |  | $ | 136.2 |  |  | $ | 542.8 |
Depreciation and other amortization | $ | 165.6 |  |  | $ | 41.3 |  |  | $ | 5.4 |  |  | $ | 212.3 |  |  |  | $ | 147.7 |  |  | $ | 40.3 |  |  | $ | 6.0 |  |  | $ | 194.0 |
Capital expenditures | $ | 4.3 |  |  | $ | 2.6 |  |  | $ | 2.4 |  |  | $ | 9.3 |  |  |  | $ | 4.7 |  |  | $ | 1.3 |  |  | $ | 2.7 |  |  | $ | 8.7 |
Capitalized software expenditures | $ | 12.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 12.4 |  |  |  | $ | 9.5 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 9.6 |
* Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $71.3 and $61.5 for the three months ended March 31, 2025 and 2024, respectively, and are included within consolidated SG&A expenses to arrive at “Income from operations” in our Condensed Consolidated Statements of Earnings. Items below “Income from operations” are not allocated to reportable segments. The following table presents selected asset information by reportable segment:
| March 31, 2025 |  | December 31, 2024
Total assets: |  |  |
Application Software | $ | 23,474.1 |  |  | $ | 23,600.9 |
Network Software | 5,312.1 |  |  | 5,348.0 |
Technology Enabled Products | 1,676.9 |  |  | 1,498.1 |
Segments Total | $ | 30,463.1 |  |  | $ | 30,447.0 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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