XML 19 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Revenue $ 1,750 $ 1,833 $ 1,795
Cost of revenue      
Cost of revenue 692 718 714
Gross profit 1,058 1,115 1,081
Operating expenses      
Selling, general and administrative expenses 565 635 650
Research and development expenses 284 294 313
Total operating expenses 849 929 963
Income from operations 209 186 118
Other expense, net      
Interest expense (29) (30) (24)
Interest income 11 25 15
Other expense (27) (64) (42)
Total other expense, net (45) (69) (51)
Income before income taxes 164 117 67
Income tax expense 50 55 34
Net income $ 114 $ 62 $ 33
Net income per weighted average common share      
Basic (in usd per share) $ 1.18 $ 0.62 $ 0.32
Diluted (in usd per share) $ 1.16 $ 0.61 $ 0.31
Weighted average common shares outstanding      
Basic (in shares) 96.4 99.8 103.2
Diluted (in shares) 98.2 102.4 105.8
Total recurring      
Revenue      
Revenue $ 1,479 $ 1,492 $ 1,419
Cost of revenue      
Cost of revenue 441 418 397
Subscription software licenses      
Revenue      
Revenue 289 310 289
Cost of revenue      
Cost of revenue 17 20 22
Services and other      
Revenue      
Revenue 1,190 1,182 1,130
Cost of revenue      
Cost of revenue 424 398 375
Perpetual software licenses, hardware and other      
Revenue      
Revenue 23 45 65
Cost of revenue      
Cost of revenue 23 38 47
Consulting services      
Revenue      
Revenue 248 296 311
Cost of revenue      
Cost of revenue $ 228 $ 262 $ 270