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Accounting Standards (Tables) | 9 Months Ended
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Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following table summarizes the effects of adopting ASU No. 2014-09 on the company’s consolidated financial statements as of and for the three and nine months ended September 30, 2018.
|  | As Reported |  |  | Adjustments |  |  | Balances Without Adoption of Topic 606
For the three months ended September 30, 2018 |  |  |  |  |  |
Statement of Income |  |  |  |  |  |
Revenue |  |  |  |  |  |
Services |  | $ | 605.6 |  |  | $ | (3.1 | ) |  | $ | 602.5 |
Technology |  | 82.7 |  |  | (8.1 | ) |  | 74.6 |
Costs and expenses |  |  |  |  |  |
Cost of revenue |  |  |  |  |  |
Services |  | 504.9 |  |  | (0.9 | ) |  | 504.0 |
Technology |  | 29.6 |  |  | 0.2 |  |  | 29.8 |
Selling, general and administrative expenses |  | 90.9 |  |  | 0.3 |  |  | 91.2 |
Operating income |  | 55.8 |  |  | (10.7 | ) |  | 45.1 |
Income before income taxes |  | 22.2 |  |  | (10.7 | ) |  | 11.5 |
Provision for income taxes |  | 15.2 |  |  | (5.3 | ) |  | 9.9 |
Consolidated net income |  | 7.0 |  |  | (5.4 | ) |  | 1.6 |
Net income attributable to Unisys Corporation |  | 6.1 |  |  | (5.4 | ) |  | 0.7 |
For the nine months ended September 30, 2018 |  |  |  |  |  |
Statement of Income |  |  |  |  |  |
Revenue |  |  |  |  |  |
Services |  | $ | 1,760.8 |  |  | $ | (5.6 | ) |  | $ | 1,755.2 |
Technology |  | 303.3 |  |  | (101.1 | ) |  | 202.2 |
Costs and expenses |  |  |  |  |  |
Cost of revenue |  |  |  |  |  |
Services |  | 1,460.0 |  |  | (2.2 | ) |  | 1,457.8 |
Technology |  | 96.2 |  |  | (0.5 | ) |  | 95.7 |
Selling, general and administrative expenses |  | 274.5 |  |  | 0.7 |  |  | 275.2 |
Operating income |  | 211.6 |  |  | (104.7 | ) |  | 106.9 |
Income before income taxes |  | 105.1 |  |  | (104.7 | ) |  | 0.4 |
Provision for income taxes |  | 50.4 |  |  | (14.7 | ) |  | 35.7 |
Consolidated net income (loss) |  | 54.7 |  |  | (90.0 | ) |  | (35.3 | )
Net income (loss) attributable to Unisys Corporation |  | 50.5 |  |  | (90.0 | ) |  | (39.5 | )
As of September 30, 2018 |  |  |  |  |  |
Balance Sheet |  |  |  |  |  |
Assets |  |  |  |  |  |
Accounts receivable, net current |  | $ | 492.2 |  |  | $ | 63.5 |  |  | $ | 555.7 |
Contract assets |  | 73.3 |  |  | (73.3 | ) |  | — |
Inventories |  | 23.0 |  |  | 4.6 |  |  | 27.6 |
Prepaid expenses and other current assets |  | 102.6 |  |  | 0.9 |  |  | 103.5 |
Deferred income taxes - long-term |  | 97.3 |  |  | 1.7 |  |  | 99.0 |
Other long-term assets |  | 193.6 |  |  | (22.5 | ) |  | 171.1 |
Total assets |  | 2,328.0 |  |  | (25.1 | ) |  | 2,302.9 |
Liabilities |  |  |  |  |  |
Deferred revenue - current |  | 254.7 |  |  | 46.5 |  |  | 301.2 |
Other accrued liabilities - current |  | 351.9 |  |  | (16.8 | ) |  | 335.1 |
Long-term deferred revenue |  | 167.4 |  |  | 8.4 |  |  | 175.8 |
Other long-term liabilities |  | 68.1 |  |  | 5.5 |  |  | 73.6 |
Equity |  |  |  |  |  |
Accumulated deficit |  | (1,725.3 | ) |  | (68.7 | ) |  | (1,794.0 | )
Total liabilities and deficit |  | 2,328.0 |  |  | (25.1 | ) |  | 2,302.9 |

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