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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents a disaggregation of revenue:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
in millions | 2023 |  | 2022 |  | 2023 |  | 2022
Americas |  |  |  |  |  |  |
Recurring | $ | 231 |  |  | $ | 207 |  |  | $ | 717 |  |  | $ | 668 |
Perpetual software licenses, hardware and other | 2 |  |  | 5 |  |  | 10 |  |  | 20 |
Consulting services | 31 |  |  | 30 |  |  | 97 |  |  | 93 |
Total Americas | 264 |  |  | 242 |  |  | 824 |  |  | 781 |
EMEA |  |  |  |  |  |  |
Recurring | 87 |  |  | 77 |  |  | 263 |  |  | 241 |
Perpetual software licenses, hardware and other | 4 |  |  | 6 |  |  | 16 |  |  | 20 |
Consulting services | 22 |  |  | 22 |  |  | 69 |  |  | 76 |
Total EMEA | 113 |  |  | 105 |  |  | 348 |  |  | 337 |
APJ |  |  |  |  |  |  |
Recurring | 42 |  |  | 47 |  |  | 140 |  |  | 153 |
Perpetual software licenses, hardware and other | 1 |  |  | 3 |  |  | 7 |  |  | 8 |
Consulting services | 18 |  |  | 20 |  |  | 57 |  |  | 64 |
Total APJ | 61 |  |  | 70 |  |  | 204 |  |  | 225 |
Total Revenue | $ | 438 |  |  | $ | 417 |  |  | $ | 1,376 |  |  | $ | 1,343 |
Schedule of Rental Revenue | Rental revenue, which is included in recurring revenue in the above table, was as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
in millions |  | 2023 |  | 2022 |  | 2023 |  | 2022
Rental revenue* |  | $ | 56 |  |  | $ | 45 |  |  | $ | 163 |  |  | $ | 140 |
*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 | September 30, 2023 |  | December 31, 2022 |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 286 |  |  | $ | 364 |  |  |  |  |  |  |  |  |
Contract assets | $ | 11 |  |  | $ | 7 |  |  |  |  |  |  |  |  |
Current deferred revenue | $ | 477 |  |  | $ | 589 |  |  |  |  |  |  |  |  |
Long-term deferred revenue | $ | 16 |  |  | $ | 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 September 30, 2023:
in millions |  | Total at September 30, 2023 |  | Year 1 |  | Year 2 and Thereafter
Remaining unsatisfied obligations |  | $ | 2,394 |  |  | $ | 1,409 |  |  | $ | 985 |

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