Revenue (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents our revenue disaggregated by revenue type. Sales and usage-based taxes are excluded from revenue.

	Three months ended March 31,
(in millions)	2020		2019
License-based	$	216.0	$	195.5
Asset-based	57.2		48.8
Transaction-based	50.8		14.6
Consolidated revenue	$	324.0	$	258.9

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

We expect to recognize revenue related to our contract liabilities for the remainder of 2020 and subsequent years as follows:

(in millions)	As of March 31, 2020
Remainder of 2020 (from April 1 through December 31)	$	411.4
2021	162.0
2022	64.8
2023	16.5
2024	9.7
Thereafter	54.7
Total	$	719.1

Summary of Contract Assets and Change in Deferred Commissions

The following table summarizes our contract assets balance:

(in millions)	As of March 31, 2020		As of December 31, 2019
Accounts receivable, less allowance for credit losses	$	184.7	$	188.5
Deferred commissions	30.7		30.4
Total contract assets	$	215.4	$	218.9