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Accounts Receivable and Contract Balances (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Accounts Receivable | The following table details the total accounts receivable recognized and the related classification on the Consolidated Balance Sheets:
|  | June 30, 2024 |  | December 31, 2023
Accounts receivable, current(1) |  | $ | 4,718.8 |  |  | $ | 4,567.5 |
Accounts receivable, noncurrent(2) |  | 488.7 |  |  | 337.5 |
Total accounts receivable |  | $ | 5,207.5 |  |  | $ | 4,905.0 |
(1)Accounts receivable, current are presented within Accounts receivable, net of allowance for credit losses on the Consolidated Balance Sheets. (2)Accounts receivable, noncurrent are presented within Other assets on the Consolidated Balance Sheets.
Schedule of Contract with Customer | The following table details information about the Company’s contract balances recognized on the Consolidated Balance Sheets:
|  | June 30, 2024 |  | December 31, 2023
Contract assets(1) |  | $ | 94.6 |  |  | $ | 111.8 |
Contract liabilities(2)(3) |  | $ | 484.7 |  |  | $ | 527.4 |
(1)Contract assets are presented within Prepaid expenses and other on the Consolidated Balance Sheets. (2)Includes $33 million and $40 million of long-term contract liabilities that are presented within Other liabilities on the Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023, respectively. (3)During the six months ended June 30, 2024 and 2023, the Company recognized revenue of $237 million and $265 million, respectively, related to its contract liabilities that were included in the beginning balance of the respective periods.
Schedule of Remaining Performance Obligations | The following table represents the total transaction price for the remaining performance obligations as of June 30, 2024 related to non-cancelable contracts longer than 12 months in duration that is expected to be recognized over future periods.
|  | Within 1 Year |  | Years 1-2 |  | Years 2-3 |  | Thereafter
Remaining performance obligations |  | $ | 101.2 |  |  | $ | 59.8 |  |  | $ | 31.8 |  |  | $ | 14.2 |

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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 expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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