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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Revenue $ 465 $ 476
Cost of revenue    
Cost of revenue 181 174
Gross profit 284 302 Close
Operating expenses    
Selling, general and administrative expenses 161 153
Research and development expenses 75 70
Total operating expenses 236 223 Close
Income from operations 48 79 Close
Other expense, net    
Interest expense (8) (7)
Interest income 4 7
Other expense (12) (21)
Total other expense, net (16) (21) Close
Income before income taxes 32 58 Close
Income tax expense 12 18 Close
Net income $ 20 $ 40 Close
Net income per common share    
Basic (in dollars per share) $ 0.21 $ 0.39
Diluted (in dollars per share) $ 0.20 $ 0.39
Weighted average common shares outstanding    
Basic (in shares) 97.4 101.4
Diluted (in shares) 100.1 103.8
Total recurring    
Revenue    
Revenue $ 388 $ 389
Cost of revenue    
Cost of revenue 112 98
Subscription software licenses    
Revenue    
Revenue 90 104
Cost of revenue    
Cost of revenue 5 6
Services and other    
Revenue    
Revenue 298 285
Cost of revenue    
Cost of revenue 107 92
Perpetual software licenses, hardware and other    
Revenue    
Revenue 8 13
Cost of revenue    
Cost of revenue 8 11
Consulting services    
Revenue    
Revenue 69 74
Cost of revenue    
Cost of revenue $ 61 $ 65