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Revenue (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

						Three months ended June 30,												Six months ended June 30,
(in millions)						2026						2025						2026						2025
License-based						$	455.1					$	428.4					$	900.0					$	846.4
Asset-based						96.8						82.4						191.9						168.1
Transaction-based						111.3						94.3						216.1						172.5
Consolidated revenue						$	663.2					$	605.1					$	1,308.0					$	1,187.0

Summary of Contract Assets and Change in Deferred Commissions

The following table summarizes our contract assets balance:

(in millions)						As of June 30, 2026						As of December 31, 2025
Accounts receivable, less allowance for credit losses						$	382.9					$	390.4
Deferred commissions						62.6						65.5
Total contract assets						$	445.5					$	455.9

Contract with Customer, Receivable

The following table presents revenue recognized that was included in the deferred revenue balance at the beginning of the period:

						Six months ended June 30,
(in millions)						2026						2025
Revenue recognized that was included in opening deferred revenue						$	440.2					$	395.5

Contract with Customer, Liability

The following table summarizes our contract liabilities balance:

(in millions)						As of June 30, 2026						As of December 31, 2025
Deferred revenue (current)						$	628.4					$	586.1
Deferred revenue (non-current)						19.1						21.0
Total contract liabilities						$	647.5					$	607.1

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Contract with Customer, Liability

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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

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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

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