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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents a disaggregation of revenue:
| Three Months Ended June 30, |  | Six Months Ended June 30,
in millions | 2022 |  | 2021 |  | 2022 |  | 2021
Americas |  |  |  |  |  |  |
Recurring | $ | 215 |  |  | $ | 233 |  |  | $ | 461 |  |  | $ | 451 |
Perpetual software licenses, hardware and other | 3 |  |  | 4 |  |  | 15 |  |  | 11 |
Consulting services | 31 |  |  | 37 |  |  | 63 |  |  | 75 |
Total Americas | 249 |  |  | 274 |  |  | 539 |  |  | 537 |
EMEA |  |  |  |  |  |  |
Recurring | 75 |  |  | 86 |  |  | 164 |  |  | 187 |
Perpetual software licenses, hardware and other | 3 |  |  | 7 |  |  | 14 |  |  | 20 |
Consulting services | 25 |  |  | 35 |  |  | 54 |  |  | 68 |
Total EMEA | 103 |  |  | 128 |  |  | 232 |  |  | 275 |
APJ |  |  |  |  |  |  |
Recurring | 55 |  |  | 57 |  |  | 106 |  |  | 110 |
Perpetual software licenses, hardware and other | 2 |  |  | 6 |  |  | 5 |  |  | 9 |
Consulting services | 21 |  |  | 26 |  |  | 44 |  |  | 51 |
Total APJ | 78 |  |  | 89 |  |  | 155 |  |  | 170 |
Total Revenue | $ | 430 |  |  | $ | 491 |  |  | $ | 926 |  |  | $ | 982 |
Schedule of Rental Revenue | Rental revenue, which is included in recurring revenue in the above table, was as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
in millions |  | 2022 |  | 2021 |  | 2022 |  | 2021
Rental revenue* |  | $ | 45 |  |  | $ | 48 |  |  | $ | 95 |  |  | $ | 87 |
*Rental revenue includes hardware maintenance.
Schedule of Assets and Liabilities Related to Contracts with Customers | The following table provides information about receivables, contract assets and deferred revenue from contracts with customers:
| As of |  |  |  |  |  |  |  |
in millions | June 30, 2022 |  | December 31, 2021 |  |  |  |  |  |  |  |
Accounts receivable, net | 266 |  |  | $ | 336 |  |  |  |  |  |  |  |  |
Contract assets | 15 |  |  | 10 |  |  |  |  |  |  |  |  |
Current deferred revenue | 530 |  |  | 552 |  |  |  |  |  |  |  |  |
Long-term deferred revenue | 11 |  |  | 27 |  |  |  |  |  |  |  |  |
Schedule of Estimated Revenue Expected to be Recognized in the Future | The following table includes estimated revenue expected to be recognized in the future related to the Company's unsatisfied (or partially satisfied) obligations at June 30, 2022:
in millions |  | Total at June 30, 2022 |  | Year 1 |  | Year 2 and Thereafter
Remaining unsatisfied obligations |  | $ | 2,087 |  |  | $ | 1,373 |  |  | $ | 714 |

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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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