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Recent accounting pronouncements and accounting changes (Tables)
12 Months Ended
Dec. 31, 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 year ended December 31, 2018.
 
 
As Reported

 
Adjustments

 
Balances Without Adoption of Topic 606
For the year ended December 31, 2018
 
 
 
 
 
 
Statement of Income
 
 
 
 
 
 
Revenue
 
 
 
 
 
 
Services
 
$
2,386.3

 
$
(6.2
)
 
$
2,380.1

Technology
 
438.7

 
(139.9
)
 
298.8

Costs and expenses
 
 
 
 
 
 
Cost of revenue
 
 
 
 
 
 
Services
 
2,010.5

 
(3.0
)
 
2,007.5

Technology
 
128.2

 
(5.8
)
 
122.4

Selling, general and administrative expenses
 
370.3

 
0.9

 
371.2

Operating income
 
284.1

 
(138.2
)
 
145.9

Income before income taxes
 
143.2

 
(138.2
)
 
5.0

Provision for income taxes
 
64.3

 
(18.6
)
 
45.7

Consolidated net income
 
78.9

 
(119.6
)
 
(40.7
)
Net income attributable to Unisys Corporation
 
75.5

 
(119.6
)
 
(44.1
)
 
 
 
 
 
 
 
As of December 31, 2018
 
 
 
 
 
 
Balance Sheet
 
 
 
 
 
 
Assets
 
 
 
 
 
 
Accounts receivable, net current
 
$
509.2

 
$
10.9

 
$
520.1

Contract assets
 
29.7

 
(29.7
)
 

Inventories
 
27.3

 
10.6

 
37.9

Prepaid expenses and other current assets
 
130.2

 
1.5

 
131.7

Deferred income taxes - long-term
 
109.3

 
1.7

 
111.0

Other long-term assets
 
202.6

 
(27.8
)
 
174.8

Total assets
 
2,457.6

 
(32.8
)
 
2,424.8

Liabilities
 
 
 
 
 
 
Deferred revenue - current
 
294.4

 
70.3

 
364.7

Other accrued liabilities - current
 
350.0

 
(20.7
)
 
329.3

Long-term deferred revenue
 
157.2

 
10.4

 
167.6

Other long-term liabilities
 
77.4

 
5.5

 
82.9

Equity
 
 
 
 
 
 
Accumulated deficit
 
(1,694.0
)
 
(98.3
)
 
(1,792.3
)
Total liabilities and deficit
 
2,457.6

 
(32.8
)
 
2,424.8