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Revenues from Contracts (Tables)
9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Software and related services
 
$
637.3

 
$
561.1

 
$
1,808.8

 
$
1,586.8

Engineered products and related services
 
717.2

 
757.6

 
2,163.2

 
2,228.1

Net revenues
 
$
1,354.5

 
$
1,318.7

 
$
3,972.0

 
$
3,814.9


Contract Balances
Contract balances
Balance Sheet Account
September 30, 2019
 
December 31, 2018
 
Change
Unbilled receivables
$
197.8

 
$
169.4

 
$
28.4

Contract liabilities - current (1)
(771.6
)
 
(714.1
)
 
(57.5
)
Deferred revenue - non-current (2)
(28.9
)
 
(29.8
)
 
0.9

Net contract assets/(liabilities)
$
(602.7
)
 
$
(574.5
)
 
$
(28.2
)
(1) Consists of “Deferred revenue,” billings in-excess of revenues (“BIE”) and customer deposits. BIE and customer deposits are 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.