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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue      
Revenue $ 1,833 $ 1,795 $ 1,917
Cost of revenue      
Cost of revenue 718 714 731
Gross profit 1,115 1,081 1,186
Operating expenses      
Selling, general and administrative expenses 635 650 646
Research and development expenses 294 313 309
Total operating expenses 929 963 955
Income from operations 186 118 231
Other expense, net      
Interest expense (30) (24) (26)
Interest income 25 15 6
Other expense (64) (42) (19)
Total other expense, net (69) (51) (39)
Total income before income taxes 117 67 192
Income tax expense 55 34 45
Net income $ 62 $ 33 $ 147
Net income per weighted average common share      
Basic (in usd per share) $ 0.62 $ 0.32 $ 1.35
Diluted (in usd per share) $ 0.61 $ 0.31 $ 1.30
Weighted average common shares outstanding      
Basic (in shares) 99.8 103.2 108.6
Diluted (in shares) 102.4 105.8 112.9
Total recurring      
Revenue      
Revenue $ 1,492 $ 1,419 $ 1,464
Cost of revenue      
Cost of revenue 418 397 365
Subscription software licenses      
Revenue      
Revenue 310 289 303
Cost of revenue      
Cost of revenue 20 22 12
Services and other      
Revenue      
Revenue 1,182 1,130 1,161
Cost of revenue      
Cost of revenue 398 375 353
Perpetual software licenses, hardware and other      
Revenue      
Revenue 45 65 77
Cost of revenue      
Cost of revenue 38 47 43
Consulting services      
Revenue      
Revenue 296 311 376
Cost of revenue      
Cost of revenue $ 262 $ 270 $ 323