Other Financial Information (Tables)

9 Months Ended

Sep. 30, 2019

Other Financial Information [Abstract]

Inventories

Total inventory consisted of the following (in millions):

	As of
	September 30, 2019		December 31, 2018
Production and service materials	$	68.1	$	60.6
Finished goods	25.3		21.4
Inventory	$	93.4	$	82.0
Reported as:
Prepaid expenses and other current assets	$	90.1	$	80.6
Other long-term assets	3.3		1.4
Total	$	93.4	$	82.0

Warranties

Changes during the nine months ended September 30, 2019 in the Company’s warranty reserve as reported within other accrued liabilities in the Condensed Consolidated Balance Sheets were as follows (in millions):

Balance as of December 31, 2018	$	28.0
Provisions made during the period	28.5
Actual costs incurred during the period	(25.0		)
Balance as of September 30, 2019	$	31.5

Deferred revenue

Details of the Company's deferred revenue, as reported in the Condensed Consolidated Balance Sheets, were as follows (in millions):

	As of
	September 30, 2019			December 31, 2018
Deferred product revenue:
Undelivered product commitments and other product deferrals	$	138.4		$	163.3
Deferred gross product revenue	138.4			163.3
Deferred cost of product revenue	(9.4		)	(18.9		)
Deferred product revenue, net	129.0			144.4
Deferred service revenue	989.7			1,069.2
Total	$	1,118.7		$	1,213.6
Reported as:
Current	$	741.6		$	829.3
Long-term	377.1			384.3
Total	$	1,118.7		$	1,213.6

Performance obligation

The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of September 30, 2019 and when the Company expects to recognize the amounts as gross revenue (in millions):

	Revenue Recognition Expected by Period
	Total		Less than 1 year		1-3 years		More than 3 years
Product	$	138.4	$	114.5	$	21.1	$	2.8
Service	998.2		645.0		297.3		55.9
Total	$	1,136.6	$	759.5	$	318.4	$	58.7

Other income (expense), net

Other expense, net, consisted of the following (in millions):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Interest income	$	19.7		$	18.9		$	63.0		$	49.8
Interest expense	(22.1		)	(25.8		)	(68.3		)	(77.7		)
Loss on extinguishment of debt	(15.3		)	—			(15.3		)	—
Loss on investments, net	(3.4		)	(1.9		)	(4.6		)	(1.8		)
Other	0.7			0.7			2.0			(1.4		)
Other expense, net	$	(20.4	)	$	(8.1	)	$	(23.2	)	$	(31.1	)