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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Revenue $ 496 $ 491
Cost of revenue    
Cost of revenue 195 184
Gross profit 301 307
Operating expenses    
Selling, general and administrative expenses 157 149
Research and development expenses 76 77
Total operating expenses 233 226
Income from operations 68 81
Other expense, net    
Interest expense (6) (7)
Interest income 2 1
Other expense (9) (3)
Total other expense, net (13) (9)
Income before income taxes 55 72
Income tax expense 19 19
Net income $ 36 $ 53
Net income per common share    
Basic (in dollars per share) $ 0.34 $ 0.49
Diluted (in dollars per share) $ 0.33 $ 0.47
Weighted average common shares outstanding    
Basic (in shares) 105.0 108.7
Diluted (in shares) 108.6 112.8
Total recurring    
Revenue    
Revenue $ 386 $ 372
Cost of revenue    
Cost of revenue 105 90
Subscription software licenses    
Revenue    
Revenue 93 93
Cost of revenue    
Cost of revenue 7 4
Services and other    
Revenue    
Revenue 293 279
Cost of revenue    
Cost of revenue 98 86
Perpetual software licenses, hardware and other    
Revenue    
Revenue 26 23
Cost of revenue    
Cost of revenue 18 11
Consulting services    
Revenue    
Revenue 84 96
Cost of revenue    
Cost of revenue $ 72 $ 83