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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2023
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 | 2023 |  | 2022 |  | 2023 |  | 2022
Americas |  |  |  |  |  |  |
Recurring | $ | 230 |  |  | $ | 215 |  |  | $ | 486 |  |  | $ | 461 |
Perpetual software licenses, hardware and other | 3 |  |  | 3 |  |  | 8 |  |  | 15 |
Consulting services | 35 |  |  | 31 |  |  | 66 |  |  | 63 |
Total Americas | 268 |  |  | 249 |  |  | 560 |  |  | 539 |
EMEA |  |  |  |  |  |  |
Recurring | 89 |  |  | 75 |  |  | 176 |  |  | 164 |
Perpetual software licenses, hardware and other | 5 |  |  | 3 |  |  | 12 |  |  | 14 |
Consulting services | 24 |  |  | 25 |  |  | 47 |  |  | 54 |
Total EMEA | 118 |  |  | 103 |  |  | 235 |  |  | 232 |
APJ |  |  |  |  |  |  |
Recurring | 52 |  |  | 55 |  |  | 98 |  |  | 106 |
Perpetual software licenses, hardware and other | 5 |  |  | 2 |  |  | 6 |  |  | 5 |
Consulting services | 19 |  |  | 21 |  |  | 39 |  |  | 44 |
Total APJ | 76 |  |  | 78 |  |  | 143 |  |  | 155 |
Total Revenue | $ | 462 |  |  | $ | 430 |  |  | $ | 938 |  |  | $ | 926 |
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 |  | 2023 |  | 2022 |  | 2023 |  | 2022
Rental revenue* |  | $ | 56 |  |  | $ | 45 |  |  | $ | 107 |  |  | $ | 95 |
*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, 2023 |  | December 31, 2022 |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 265 |  |  | $ | 364 |  |  |  |  |  |  |  |  |
Contract assets | $ | 13 |  |  | $ | 7 |  |  |  |  |  |  |  |  |
Current deferred revenue | $ | 526 |  |  | $ | 589 |  |  |  |  |  |  |  |  |
Long-term deferred revenue | $ | 7 |  |  | $ | 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 June 30, 2023:
in millions |  | Total at June 30, 2023 |  | Year 1 |  | Year 2 and Thereafter
Remaining unsatisfied obligations |  | $ | 2,307 |  |  | $ | 1,390 |  |  | $ | 917 |

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