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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total revenue $ 416 $ 440 $ 1,242 $ 1,341
Cost of revenue        
Total cost of revenue 163 174 511 526
Gross profit 253 266 731 815
Operating expenses        
Selling, general and administrative expenses 122 137 373 429
Research and development expenses 70 73 207 216
Total operating expenses 192 210 580 645
Income from operations 61 56 151 170
Other expense, net        
Interest expense (7) (7) (20) (22)
Interest income 2 3 7 9
Other expense (2) (5) (13) (23)
Total other expense, net (7) (9) (26) (36)
Income before income taxes 54 47 125 134
Income tax expense 14 15 32 45
Net income $ 40 $ 32 $ 93 $ 89
Net income per common share        
Basic (in dollars per share) $ 0.42 $ 0.33 $ 0.98 $ 0.92
Diluted (in dollars per share) $ 0.42 $ 0.33 $ 0.96 $ 0.91
Weighted average common shares outstanding        
Basic (in shares) 94.2 96.1 94.9 96.7
Diluted (in shares) 95.5 97.0 96.5 98.3
Total recurring        
Revenue        
Total revenue $ 366 $ 372 $ 1,078 $ 1,128
Cost of revenue        
Total cost of revenue 116 111 343 333
Subscription software licenses        
Revenue        
Total revenue 60 72 208 235
Cost of revenue        
Total cost of revenue 5 4 15 14
Services and other        
Revenue        
Total revenue 306 300 870 893
Cost of revenue        
Total cost of revenue 111 107 328 319
Perpetual software licenses, hardware and other        
Revenue        
Total revenue 3 7 16 20
Cost of revenue        
Total cost of revenue 0 5 12 18
Consulting services        
Revenue        
Total revenue 47 61 148 193
Cost of revenue        
Total cost of revenue $ 47 $ 58 $ 156 $ 175