Revenue Recognition

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

Disaggregation of Revenue

The following table presents our revenue disaggregated by major product and service lines (in millions):

	Three Months Ended
	March 31, 2026		March 31, 2025
Product	$	645.1	$	459.1
Service:
Security subscription	694.0		623.1
Technical support and other	510.5		457.5
Total service revenue	1,204.5		1,080.6
Total revenue	$	1,849.6	$	1,539.7

Deferred Revenue

During the three months ended March 31, 2026 and 2025, we recognized $1.09 billion and $972.5 million in revenue that was included in the deferred revenue balance as of December 31, 2025 and 2024, respectively.

Transaction Price Allocated to the Remaining Performance Obligations

As of March 31, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $7.45 billion, which was substantially comprised of deferred security subscription and technical support services revenue as well as unbilled contract revenue from non-cancellable contracts that will be recognized in future periods. We expect to recognize approximately $3.76 billion as revenue over the next 12 months, $2.94 billion in years two and three, and the remainder thereafter.

Deferred Contract Costs

Amortization of deferred contract costs, primarily consisting of sales commissions earned by our sales force, was $94.2 million and $78.0 million during the three months ended March 31, 2026 and 2025, respectively.