XML 16 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue      
Total revenue $ 1,663 $ 1,750 $ 1,833
Cost of revenue      
Total cost of revenue 676 692 718
Gross profit 987 1,058 1,115
Operating expenses      
Selling, general and administrative expenses 502 565 635
Research and development expenses 280 284 294
Total operating expenses 782 849 929
Income from operations 205 209 186
Other expense, net      
Interest expense (26) (29) (30)
Interest income 9 11 25
Other expense (10) (27) (64)
Total other expense, net (27) (45) (69)
Income before income taxes 178 164 117
Income tax expense 48 50 55
Net income $ 130 $ 114 $ 62
Net income per weighted average common share      
Basic (in usd per share) $ 1.38 $ 1.18 $ 0.62
Diluted (in usd per share) $ 1.35 $ 1.16 $ 0.61
Weighted average common shares outstanding      
Basic (in shares) 94.4 96.4 99.8
Diluted (in shares) 96.6 98.2 102.4
Total recurring      
Revenue      
Total revenue $ 1,445 $ 1,479 $ 1,492
Cost of revenue      
Total cost of revenue 462 441 418
Subscription software licenses      
Revenue      
Total revenue 273 289 310
Cost of revenue      
Total cost of revenue 21 17 20
Services and other      
Revenue      
Total revenue 1,172 1,190 1,182
Cost of revenue      
Total cost of revenue 441 424 398
Perpetual software licenses, hardware and other      
Revenue      
Total revenue 17 23 45
Cost of revenue      
Total cost of revenue 13 23 38
Consulting services      
Revenue      
Total revenue 201 248 296
Cost of revenue      
Total cost of revenue $ 201 $ 228 $ 262