Revenues from Contracts (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Software and related services	$	714.8	$	637.3	$	2,038.8	$	1,808.8
Engineered products and related services	651.3		717.2		1,983.0		2,163.2
Net revenues	$	1,366.1	$	1,354.5	$	4,021.8	$	3,972.0

Contract Balances

Contract balances

Balance Sheet Account	September 30, 2020		December 31, 2019		Change
Unbilled receivables	$	249.9	$	183.5	$	66.4
Contract liabilities - current (1)	(873.9)		(840.8)		(33.1)
Deferred revenue - non-current (2)	(34.2)		(33.2)		(1.0)
Net contract assets/(liabilities)	$	(658.2)	$	(690.5)	$	32.3

(1) Consists of “Deferred revenue,” and billings in-excess of revenues (“BIE”). BIE is reported in “Other accrued liabilities” in our Condensed Consolidated Balance Sheets.

(2) The non-current portion of deferred revenue is included in “Other liabilities” in our Condensed Consolidated Balance Sheets.