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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Revenue $ 430 $ 491 $ 926 $ 982
Cost of revenue        
Cost of revenue 172 181 367 365
Gross profit 258 310 559 617
Operating expenses        
Selling, general and administrative expenses 163 161 320 310
Research and development expenses 81 79 157 156
Total operating expenses 244 240 477 466
Income from operations 14 70 82 151
Other expense, net        
Interest expense (5) (7) (11) (14)
Interest income 3 2 5 3
Other expense (12) (6) (21) (9)
Total other expense, net (14) (11) (27) (20)
Income before income taxes 0 59 55 131
Income tax expense 4 15 23 34
Net (loss) income $ (4) $ 44 $ 32 $ 97
Net (loss) income per common share        
Basic (in dollars per share) $ (0.04) $ 0.40 $ 0.31 $ 0.89
Diluted (in dollars per share) $ (0.04) $ 0.39 $ 0.30 $ 0.86
Weighted average common shares outstanding        
Basic (in shares) 103.5 109.0 104.2 108.9
Diluted (in shares) 103.5 112.7 107.1 112.7
Total recurring        
Revenue        
Revenue $ 345 $ 376 $ 731 $ 748
Cost of revenue        
Cost of revenue 96 87 201 177
Subscription software licenses        
Revenue        
Revenue 65 81 158 174
Cost of revenue        
Cost of revenue 5 4 12 8
Services and other        
Revenue        
Revenue 280 295 573 574
Cost of revenue        
Cost of revenue 91 83 189 169
Perpetual software licenses, hardware and other        
Revenue        
Revenue 8 17 34 40
Cost of revenue        
Cost of revenue 6 11 24 22
Consulting services        
Revenue        
Revenue 77 98 161 194
Cost of revenue        
Cost of revenue $ 70 $ 83 $ 142 $ 166