XML 35 R24.htm IDEA: XBRL DOCUMENT v3.23.3
Revenue from Contracts with Customers (Tables)
 9 Months Ended
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 millions2023202220232022
Americas
Recurring $231 $207 $717 $668 
Perpetual software licenses, hardware and other2 5 10 20 
Consulting services31 30 97 93 
Total Americas264 242 824 781 
EMEA
Recurring87 77 263 241 
Perpetual software licenses, hardware and other4 6 16 20 
Consulting services22 22 69 76 
Total EMEA113 105 348 337 
APJ
Recurring42 47 140 153 
Perpetual software licenses, hardware and other1 3 7 8 
Consulting services18 20 57 64 
Total APJ61 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 millions2023202220232022
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 millionsSeptember 30, 2023December 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 millionsTotal at September 30, 2023Year 1Year 2 and Thereafter
Remaining unsatisfied obligations$2,394 $1,409 $985