Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents selected financial information by reportable segment:

	Three months ended September 30,						Nine months ended September 30,
	2023		2022		Change %		2023		2022		Change %
Net revenues:
Application Software	$	803.4	$	644.0	24.8	%	$	2,335.1	$	1,899.7	22.9	%
Network Software	364.1		346.6		5.0	%	1,076.7		1,028.0		4.7	%
Technology Enabled Products	395.9		359.7		10.1	%	1,152.5		1,013.2		13.7	%
Total	$	1,563.4	$	1,350.3	15.8	%	$	4,564.3	$	3,940.9	15.8	%
Gross profit:
Application Software	$	557.7	$	440.2	26.7	%	$	1,609.2	$	1,306.5	23.2	%
Network Software	310.7		293.9		5.7	%	914.0		867.9		5.3	%
Technology Enabled Products	227.9		207.7		9.7	%	658.8		576.1		14.4	%
Total	$	1,096.3	$	941.8	16.4	%	$	3,182.0	$	2,750.5	15.7	%
Operating profit *:
Application Software	$	206.9	$	173.8	19.0	%	$	601.3	$	511.4	17.6	%
Network Software	164.4		148.1		11.0	%	465.0		422.0		10.2	%
Technology Enabled Products	137.1		126.5		8.4	%	391.7		337.6		16.0	%
Total	$	508.4	$	448.4	13.4	%	$	1,458.0	$	1,271.0	14.7	%
Long-lived assets:
Application Software	$	176.0	$	145.1	21.3	%
Network Software	26.7		27.6		(3.3)	%
Technology Enabled Products	30.7		26.9		14.1	%
Total	$	233.4	$	199.6	16.9	%

 

* Segment operating profit is before unallocated corporate general and administrative and enterprise-wide stock-based compensation expenses. These expenses were $62.3 and $55.2 for the three months ended September 30, 2023 and 2022, respectively, and $175.6 and $159.0 for the nine months ended September 30, 2023 and 2022, respectively.