ServiceNow (NOW) Annotations

The amount of unrecognized deferred tax liability on these undistributed earnings is not material as of December 31, 2022.

Interest is payable semi-annually in arrears on March 1 and September 1 of each year, beginning on March 1, 2021, and the entire outstanding principal amount is due at maturity on September 1, 2030.

We closed 89 deals greater than $1 million in ACV in the quarter, with average deal sizes up 18% year-over-year. In 2020, we added nearly 700 net new customers, ending the year with almost 6,900 enterprises. The number of customers paying us $5 million or more in ACV grew over 40% in fiscal 2020. Customers are realizing the strategic value of combining ServiceNow IT workflows with everything from HR, CSM and our App Engine to deliver greater value across the enterprise.