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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Total revenue $ 418 $ 465
Cost of revenue    
Total cost of revenue 170 181
Gross profit 248 284
Operating expenses    
Selling, general and administrative expenses 116 161
Research and development expenses 66 75
Total operating expenses 182 236
Income from operations 66 48
Other expense, net    
Interest expense (7) (8)
Interest income 3 4
Other expense (4) (12)
Total other expense, net (8) (16)
Income before income taxes 58 32
Income tax expense 14 12
Net income $ 44 $ 20
Net income per common share    
Basic (in dollars per share) $ 0.46 $ 0.21
Diluted (in dollars per share) $ 0.45 $ 0.20
Weighted average common shares outstanding    
Basic (in shares) 95.1 97.4
Diluted (in shares) 97.4 100.1
Total recurring    
Revenue    
Total revenue $ 358 $ 388
Cost of revenue    
Total cost of revenue 108 112
Subscription software licenses    
Revenue    
Total revenue 83 90
Cost of revenue    
Total cost of revenue 5 5
Services and other    
Revenue    
Total revenue 275 298
Cost of revenue    
Total cost of revenue 103 107
Perpetual software licenses, hardware and other    
Revenue    
Total revenue 10 8
Cost of revenue    
Total cost of revenue 9 8
Consulting services    
Revenue    
Total revenue 50 69
Cost of revenue    
Total cost of revenue $ 53 $ 61