XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Revenue $ 438 $ 417 $ 1,376 $ 1,343
Cost of revenue        
Cost of revenue 179 158 539 525
Gross profit 259 259 837 818
Operating expenses        
Selling, general and administrative expenses 156 155 476 475
Research and development expenses 76 79 222 236
Total operating expenses 232 234 698 711
Income from operations 27 25 139 107
Other expense, net        
Interest expense (8) (6) (22) (17)
Interest income 7 4 22 9
Other expense (13) (13) (44) (34)
Total other expense, net (14) (15) (44) (42)
Income before income taxes 13 10 95 65
Income tax expense 1 2 26 25
Net income $ 12 $ 8 $ 69 $ 40
Net income per common share        
Basic (in dollars per share) $ 0.12 $ 0.08 $ 0.69 $ 0.39
Diluted (in dollars per share) $ 0.12 $ 0.08 $ 0.67 $ 0.38
Weighted average common shares outstanding        
Basic (in shares) 99.2 102.7 100.5 103.7
Diluted (in shares) 102.0 104.7 102.8 106.4
Total recurring        
Revenue        
Revenue $ 360 $ 331 $ 1,120 $ 1,062
Cost of revenue        
Cost of revenue 105 92 310 293
Subscription software licenses        
Revenue        
Revenue 66 59 240 217
Cost of revenue        
Cost of revenue 5 5 16 17
Services and other        
Revenue        
Revenue 294 272 880 845
Cost of revenue        
Cost of revenue 100 87 294 276
Perpetual software licenses, hardware and other        
Revenue        
Revenue 7 14 33 48
Cost of revenue        
Cost of revenue 7 10 30 34
Consulting services        
Revenue        
Revenue 71 72 223 233
Cost of revenue        
Cost of revenue $ 67 $ 56 $ 199 $ 198