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Accounts Receivable and Contract Balances (Tables)
6 Months Ended
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, 2024December 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, 2024December 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 YearYears 1-2Years 2-3Thereafter
Remaining performance obligations$101.2 $59.8 $31.8 $14.2