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Revenues from Contracts (Tables)
6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Software and related services$889.8 $655.5 $1,754.3 $1,324.0 
Engineered products and related services697.8 649.5 1,361.9 1,331.7 
Net revenues$1,587.6 $1,305.0 $3,116.2 $2,655.7 
Contract Balances
Contract balances
Balance Sheet AccountJune 30, 2021December 31, 2020Change
Unbilled receivables $275.3 $241.7 $33.6 
Contract liabilities - current (1)
(1,018.2)(1,012.0)(6.2)
Deferred revenue - non-current (2)
(71.5)(43.1)(28.4)
Net contract assets/(liabilities)$(814.4)$(813.4)$(1.0)
(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.