XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Revenue $ 454 $ 459 $ 1,345 $ 1,405
Cost of revenue        
Cost of revenue 200 212 610 698
Gross profit 254 247 735 707
Operating expenses        
Selling, general and administrative expenses 163 151 486 447
Research and development expenses 90 86 246 245
Total operating expenses 253 237 732 692
Income from operations 1 10 3 15
Other expense, net        
Interest expense (7) (8) (21) (19)
Interest income 1 4 4 10
Other expense (5) (2) (13) (7)
Total other expense, net (11) (6) (30) (16)
(Loss) income before income taxes (10) 4 (27) (1)
Income tax benefit (9) (6) (151) 0
Net (loss) income $ (1) $ 10 $ 124 $ (1)
Net (loss) income per common share        
Basic (in dollars per share) $ (0.01) $ 0.09 $ 1.13 $ (0.01)
Diluted (in dollars per share) $ (0.01) $ 0.09 $ 1.12 $ (0.01)
Weighted average common shares outstanding        
Basic (in shares) 109.1 113.2 109.3 115.2
Diluted (in shares) 109.1 114.2 110.9 115.2
Recurring        
Revenue        
Revenue $ 365 $ 343 $ 1,068 $ 1,012
Cost of revenue        
Cost of revenue 123 110 359 323
Perpetual software licenses and hardware        
Revenue        
Revenue 17 16 48 76
Cost of revenue        
Cost of revenue 7 9 27 60
Consulting services        
Revenue        
Revenue 72 100 229 317
Cost of revenue        
Cost of revenue $ 70 $ 93 $ 224 $ 315