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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Total revenue $ 444 $ 418
Cost of revenue    
Total cost of revenue 168 170
Gross profit 276 248
Operating expenses    
Selling, general and administrative expenses 240 116
Research and development expenses 72 66
Total operating expenses 312 182
(Loss) income from operations (36) 66
Other income (expense), net    
Interest expense (6) (7)
Interest income 3 3
Other income (expense) 476 (4)
Total other income (expense), net 473 (8)
Income before income taxes 437 58
Income tax expense 102 14
Net income $ 335 $ 44
Net income per common share    
Basic (in dollars per share) $ 3.60 $ 0.46
Diluted (in dollars per share) $ 3.47 $ 0.45
Weighted average common shares outstanding    
Basic (in shares) 93.0 95.1
Diluted (in shares) 96.6 97.4
Total recurring    
Revenue    
Total revenue $ 400 $ 358
Cost of revenue    
Total cost of revenue 123 108
Subscription software licenses    
Revenue    
Total revenue 99 83
Cost of revenue    
Total cost of revenue 11 5
Services and other    
Revenue    
Total revenue 301 275
Cost of revenue    
Total cost of revenue 112 103
Perpetual software licenses, hardware and other    
Revenue    
Total revenue 1 10
Cost of revenue    
Total cost of revenue 0 9
Consulting services    
Revenue    
Total revenue 43 50
Cost of revenue    
Total cost of revenue $ 45 $ 53