XML 29 R13.htm IDEA: XBRL DOCUMENT v3.20.1
DEFERRED REVENUE
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
DEFERRED REVENUE DEFERRED REVENUE
Total deferred revenue as of March 31, 2020 and December 31, 2019 was $339.0 million and $333.5 million, respectively, consisting of unamortized prepaid services, IRUs, and deferred non-recurring revenue. Deferred revenue is recognized as current and long-term deferred revenue on the condensed consolidated balance sheets.

Significant changes in deferred revenue balances during the period are as follows (amounts in millions):

Three Months Ended March 31, 2020
Contract Term
Less than 1 YearGreater than 1 YearTotal
Balance, December 31, 2019  $22.5  $311.0  $333.5  
Revenue recognized from beginning balance  (17.9) (10.3) (28.2) 
Increase in deferred revenue (gross) 49.2  10.9  60.1  
Revenue recognized on increase in deferred revenue  (22.0) (0.2) (22.2) 
Foreign currency translation adjustments  (0.1) (4.1) (4.2) 
Balance, March 31, 2020  $31.7  $307.3  $339.0  

Remaining amortization at March 31, 2020 and in each of the years subsequent to March 31, 2020 is as follows (amounts in millions):
Contract Term
Less than 1 YearGreater than 1 YearTotal
2020 remaining$31.6  $32.7  $64.3  
20210.1  41.3  41.4  
2022—  37.8  37.8  
2023—  36.0  36.0  
2024—  28.2  28.2  
2025 and beyond—  131.3  131.3  
$31.7  $307.3  $339.0