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Contract Assets and Contract Liabilities (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Net Contract Assets (Liabilities)
Net contract assets (liabilities) as of September 30, 2020 and December 31, 2019 are as follows:
September 30, 2020December 31, 2019
Contract assets - current$47.0 $38.4 
Contract assets - long-term(i)
21.3 21.6 
Deferred revenue - current(197.4)(246.4)
Deferred revenue - long-term(122.5)(147.0)
(i)Reported in other long-term assets on the company’s consolidated balance sheets
Significant changes during the three and nine months ended September 30, 2020 and 2019 in the above contract asset and liability balances were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
Revenue recognized that was included in deferred revenue at the beginning of the period$48.1 $30.1 $197.3 $202.1