Accounts Receivable and Contract Balances (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Accounts Receivable

The following table details the total accounts receivable recognized and the related classification on the Consolidated Balance Sheets:

	March 31, 2022		December 31, 2021
Accounts receivable, current(1)	$	4,613.5	$	4,499.4
Accounts receivable, noncurrent(2)	167.4		197.4
Total accounts receivable	$	4,780.9	$	4,696.8

(1)Accounts receivable, current are presented within Accounts receivable, net of allowance for credit losses on the Consolidated Balance Sheets.

(2)Accounts receivable, noncurrent are presented within Other assets on the Consolidated Balance Sheets.

Schedule of Contract with Customer

The following table details information about the Company’s contract balances recognized on the Consolidated Balance Sheets:

	March 31, 2022		December 31, 2021
Contract assets(1)	$	120.8	$	134.7
Contract liabilities(2)(3)	$	465.8	$	423.3

(1)Contract assets are presented within Prepaid expenses and other on the Consolidated Balance Sheets.

(2)Includes $22 million and $20 million of long-term contract liabilities that are presented within Other liabilities on the Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021, respectively.

(3)During the three months ended March 31, 2022 and 2021, the Company recognized revenue of $156 million and $97 million, respectively, related to its contract liabilities that were included in the beginning balance of the respective periods.

Schedule of Remaining Performance Obligations

The following table represents the total transaction price for the remaining performance obligations as of March 31, 2022 related to non-cancelable contracts longer than 12 months in duration that is expected to be recognized over future periods.

	Within 1 Year		Years 1-2		Years 2-3		Thereafter
Remaining performance obligations	$	65.3	$	22.5	$	7.5	$	2.5