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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Revenue $ 462 $ 430 $ 938 $ 926
Cost of revenue        
Cost of revenue 186 172 360 367
Gross profit 276 258 578 559
Operating expenses        
Selling, general and administrative expenses 167 163 320 320
Research and development expenses 76 81 146 157
Total operating expenses 243 244 466 477
Income from operations 33 14 112 82
Other expense, net        
Interest expense (7) (5) (14) (11)
Interest income 8 3 15 5
Other expense (10) (12) (31) (21)
Total other expense, net (9) (14) (30) (27)
Income before income taxes 24 0 82 55
Income tax expense 7 4 25 23
Net income (loss) $ 17 $ (4) $ 57 $ 32
Net income (loss) per common share        
Basic (in dollars per share) $ 0.17 $ (0.04) $ 0.56 $ 0.31
Diluted (in dollars per share) $ 0.17 $ (0.04) $ 0.55 $ 0.30
Weighted average common shares outstanding        
Basic (in shares) 101.0 103.5 101.2 104.2
Diluted (in shares) 102.9 103.5 103.3 107.1
Total recurring        
Revenue        
Revenue $ 371 $ 345 $ 760 $ 731
Cost of revenue        
Cost of revenue 107 96 205 201
Subscription software licenses        
Revenue        
Revenue 70 65 174 158
Cost of revenue        
Cost of revenue 5 5 11 12
Services and other        
Revenue        
Revenue 301 280 586 573
Cost of revenue        
Cost of revenue 102 91 194 189
Perpetual software licenses, hardware and other        
Revenue        
Revenue 13 8 26 34
Cost of revenue        
Cost of revenue 12 6 23 24
Consulting services        
Revenue        
Revenue 78 77 152 161
Cost of revenue        
Cost of revenue $ 67 $ 70 $ 132 $ 142