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v3.23.1

Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents a disaggregation of revenue:
| Three Months Ended March 31, |  |
in millions | 2023 |  | 2022 |  |  |  |
Americas |  |  |  |  |  |  |
Recurring | $ | 256 |  |  | $ | 246 |  |  |  |  |
Perpetual software licenses, hardware and other | 5 |  |  | 12 |  |  |  |  |
Consulting services | 31 |  |  | 32 |  |  |  |  |
Total Americas | 292 |  |  | 290 |  |  |  |  |
EMEA |  |  |  |  |  |  |
Recurring | 87 |  |  | 89 |  |  |  |  |
Perpetual software licenses, hardware and other | 7 |  |  | 11 |  |  |  |  |
Consulting services | 23 |  |  | 29 |  |  |  |  |
Total EMEA | 117 |  |  | 129 |  |  |  |  |
APJ |  |  |  |  |  |  |
Recurring | 46 |  |  | 51 |  |  |  |  |
Perpetual software licenses, hardware and other | 1 |  |  | 3 |  |  |  |  |
Consulting services | 20 |  |  | 23 |  |  |  |  |
Total APJ | 67 |  |  | 77 |  |  |  |  |
Total Revenue | $ | 476 |  |  | $ | 496 |  |  |  |  |
Schedule of Rental Revenue | Rental revenue, which is included in recurring revenue in the above table, was as follows:
|  | Three Months Ended March 31, |  |
in millions |  | 2023 |  | 2022 |  |  |  |
Rental revenue* |  | $ | 51 |  |  | $ | 50 |  |  |  |  |
*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 | March 31, 2023 |  | December 31, 2022 |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 341 |  |  | $ | 364 |  |  |  |  |  |  |  |  |
Contract assets | $ | 15 |  |  | $ | 7 |  |  |  |  |  |  |  |  |
Current deferred revenue | $ | 634 |  |  | $ | 589 |  |  |  |  |  |  |  |  |
Long-term deferred revenue | $ | 4 |  |  | $ | 8 |  |  |  |  |  |  |  |  |
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 March 31, 2023:
in millions |  | Total at March 31, 2023 |  | Year 1 |  | Year 2 and Thereafter
Remaining unsatisfied obligations |  | $ | 2,317 |  |  | $ | 1,302 |  |  | $ | 1,015 |

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