XML 33 R23.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2024
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 millions20242023
Americas
Recurring $244 $256 
Perpetual software licenses, hardware and other5 5 
Consulting services28 31 
Total Americas277 292 
EMEA
Recurring99 87 
Perpetual software licenses, hardware and other2 7 
Consulting services24 23 
Total EMEA125 117 
APJ
Recurring45 46 
Perpetual software licenses, hardware and other1 1 
Consulting services17 20 
Total APJ63 67 
Total Revenue$465 $476 
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 millions20242023
Rental revenue* $55 $51 
*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 millionsMarch 31, 2024December 31, 2023
Accounts receivable, net$311 $286 
Contract assets$11 $9 
Current deferred revenue$573 $570 
Long-term deferred revenue$13 $22 
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, 2024:
in millionsTotal at March 31, 2024Year 1Year 2 and Thereafter
Remaining unsatisfied obligations$2,401 $1,380 $1,021