XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenue (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents our revenue disaggregated by revenue type. Sales and usage-based taxes are excluded from revenue.
|  | Three months ended June 30, |  | Six months ended June 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
License-based |  | $ | 428.4 |  |  | $ | 401.7 |  |  | $ | 846.4 |  |  | $ | 801.9 |
Asset-based |  | 82.4 |  |  | 84.7 |  |  | 168.1 |  |  | 161.7 |
Transaction-based |  | 94.3 |  |  | 85.5 |  |  | 172.5 |  |  | 151.1 |
Consolidated revenue |  | $ | 605.1 |  |  | $ | 571.9 |  |  | $ | 1,187.0 |  |  | $ | 1,114.7 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | We expect to recognize revenue related to our contract liabilities, including future billings, for the remainder of 2025, each of the next four subsequent years and thereafter as follows:
(in millions) |  | As of June 30, 2025
Remainder of 2025 (July 1 through December 31) |  | $ | 703.2 |
2026 |  | 517.4 |
2027 |  | 148.7 |
2028 |  | 44.7 |
2029 |  | 18.5 |
Thereafter |  | 21.9 |
Total |  | $ | 1,454.4 |
Summary of Contract Assets and Change in Deferred Commissions | The following table summarizes our contract assets balance:
(in millions) |  | As of June 30, 2025 |  | As of December 31, 2024
Accounts receivable, less allowance for credit losses |  | $ | 384.0 |  |  | $ | 358.1 |
Deferred commissions |  | 67.4 |  |  | 65.8 |
Total contract assets |  | $ | 451.4 |  |  | $ | 423.9 |

X
- 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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration