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v3.25.2

Revenues from Contracts (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | See details in the table below:
| Three months ended June 30, 2025 |  |  | Three months ended June 30, 2024
Revenue stream | Application Software |  | Network Software |  | Technology Enabled Products |  | Total |  |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring | $ | 806.0 |  |  | $ | 279.6 |  |  | $ | 11.7 |  |  | $ | 1,097.3 |  |  |  | $ | 700.2 |  |  | $ | 263.1 |  |  | $ | 6.2 |  |  | $ | 969.5 |
Reoccurring | 116.8 |  |  | 70.6 |  |  | — |  |  | 187.4 |  |  |  | 80.5 |  |  | 66.6 |  |  | — |  |  | 147.1 |
Non-recurring | 172.1 |  |  | 35.2 |  |  | — |  |  | 207.3 |  |  |  | 151.1 |  |  | 34.5 |  |  | — |  |  | 185.6 |
Total Software Revenue | 1,094.9 |  |  | 385.4 |  |  | 11.7 |  |  | 1,492.0 |  |  |  | 931.8 |  |  | 364.2 |  |  | 6.2 |  |  | 1,302.2 |
Product Revenue | — |  |  | — |  |  | 451.6 |  |  | 451.6 |  |  |  | — |  |  | — |  |  | 414.6 |  |  | 414.6 |
Total Revenue | $ | 1,094.9 |  |  | $ | 385.4 |  |  | $ | 463.3 |  |  | $ | 1,943.6 |  |  |  | $ | 931.8 |  |  | $ | 364.2 |  |  | $ | 420.8 |  |  | $ | 1,716.8 |
| Six months ended June 30, 2025 |  |  | Six months ended June 30, 2024
Revenue stream | Application Software |  | Network Software |  | Technology Enabled Products |  | Total |  |  | Application Software |  | Network Software |  | Technology Enabled Products |  | Total
Software related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring | $ | 1,575.4 |  |  | $ | 554.9 |  |  | $ | 20.6 |  |  | $ | 2,150.9 |  |  |  | $ | 1,393.8 |  |  | $ | 530.9 |  |  | $ | 11.8 |  |  | $ | 1,936.5 |
Reoccurring | 250.7 |  |  | 138.3 |  |  | — |  |  | 389.0 |  |  |  | 134.1 |  |  | 135.2 |  |  | — |  |  | 269.3 |
Non-recurring | 337.0 |  |  | 68.1 |  |  | — |  |  | 405.1 |  |  |  | 299.1 |  |  | 68.9 |  |  | — |  |  | 368.0 |
Total Software Revenue | 2,163.1 |  |  | 761.3 |  |  | 20.6 |  |  | 2,945.0 |  |  |  | 1,827.0 |  |  | 735.0 |  |  | 11.8 |  |  | 2,573.8 |
Product Revenue | — |  |  | — |  |  | 881.4 |  |  | 881.4 |  |  |  | — |  |  | — |  |  | 823.7 |  |  | 823.7 |
Total Revenue | $ | 2,163.1 |  |  | $ | 761.3 |  |  | $ | 902.0 |  |  | $ | 3,826.4 |  |  |  | $ | 1,827.0 |  |  | $ | 735.0 |  |  | $ | 835.5 |  |  | $ | 3,397.5 |
Schedule of Contract Balances | Contract balances
Balance sheet account | June 30, 2025 |  | December 31, 2024 |  | Change
Unbilled receivables | $ | 140.0 |  |  | $ | 127.3 |  |  | $ | 12.7 |
Deferred revenue – current | (1,618.1) |  |  | (1,737.4) |  |  | 119.3 |
Deferred revenue – non-current (1) | (169.6) |  |  | (154.7) |  |  | (14.9) |
Net contract assets/(liabilities) | $ | (1,647.7) |  |  | $ | (1,764.8) |  |  | $ | 117.1 |
(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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