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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2024
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 millions2024202320242023
Americas
Recurring $222 $230 $466 $486 
Perpetual software licenses, hardware and other2 3 7 8 
Consulting services26 35 54 66 
Total Americas250 268 527 560 
EMEA
Recurring93 89 192 176 
Perpetual software licenses, hardware and other1 5 3 12 
Consulting services22 24 46 47 
Total EMEA116 118 241 235 
APJ
Recurring53 52 98 98 
Perpetual software licenses, hardware and other2 5 3 6 
Consulting services15 19 32 39 
Total APJ70 76 133 143 
Total Revenue$436 $462 $901 $938 
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 millions2024202320242023
Rental revenue* $54 $56 $109 $107 
*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 millionsJune 30, 2024December 31, 2023
Accounts receivable, net$248 $286 
Contract assets$4 $9 
Current deferred revenue$529 $570 
Long-term deferred revenue$10 $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 June 30, 2024:
in millionsTotal at June 30, 2024Year 1Year 2 and Thereafter
Remaining unsatisfied obligations$2,300 $1,367 $933