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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Changes in Deferred Revenue

Changes in deferred revenue for the three months ended March 31, 2025 and 2024 were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Balance, beginning of period

 

$

144.6

 

 

$

130.5

 

Recognition of revenue included in beginning of period balance

 

 

(9.5

)

 

 

(5.7

)

Contract balance, net of revenue recognized during the period

 

 

13.6

 

 

 

12.2

 

Balance, end of period

 

$

148.7

 

 

$

137.0

 

 

Summary of Asset Balances and Related Amortization Expense For Contract Costs

The following tables present the asset balances and related amortization expense for these contract costs:

 

 

 

As of and for the Three Months Ended March 31, 2025

 

 

 

Beginning

 

 

Capitalization

 

 

 

 

 

Ending

 

 

 

Balance

 

 

of Costs

 

 

Amortization

 

 

Balance

 

 Costs to obtain a contract

 

$

425.7

 

 

$

33.3

 

 

$

(17.6

)

 

$

441.4

 

 Costs to fulfill a contract

 

$

498.3

 

 

$

34.8

 

 

$

(18.5

)

 

$

514.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Three Months Ended March 31, 2024

 

 

 

Beginning

 

 

Capitalization

 

 

 

 

 

Ending

 

 

 

Balance

 

 

of Costs

 

 

Amortization

 

 

Balance

 

 Costs to obtain a contract

 

$

378.5

 

 

$

33.8

 

 

$

(15.4

)

 

$

396.9

 

 Costs to fulfill a contract

 

$

420.0

 

 

$

35.6

 

 

$

(15.2

)

 

$

440.4