Revenue (Tables)

12 Months Ended

Dec. 31, 2024

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.

	Year ended December 31,
(in millions)	2024		2023		2022
Revenue by type(1):
License-based	$	1,625.1	$	1,517.5	$	1,331.7
Asset-based	333.2		279.6		269.4
Transaction-based	316.8		241.5		269.5
Consolidated revenue	$	2,275.1	$	2,038.6	$	1,870.6

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

We expect to recognize revenue related to our contract liabilities, including future billings, for 2025 and subsequent years as follows:

(in millions)	As of December 31, 2024
2025	$	1,068.0
2026	277.2
2027	75.3
2028	17.4
2029	4.6
Thereafter	19.0
Total	$	1,461.5

Summary of Contract Assets and Change in Deferred Commissions

The following table summarizes our contract assets balance:

	As of December 31,
(in millions)	2024		2023
Accounts receivable, less allowance for credit losses	$	358.1	$	343.9
Deferred commissions	65.8		71.2
Total contract assets	$	423.9	$	415.1