Juniper Networks (JNPR) 10-Q 6 Nov 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Nov. 04, 2019
Cover page.
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	JUNIPER NETWORKS, INC.
Entity Central Index Key	0001043604
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		334,707,050
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $0.00001 per share
Trading Symbol	JNPR
Security Exchange Name	NYSE
Entity File Number	001-34501
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0422528
Entity Address, Address Line One	1133 Innovation Way
Entity Address, City or Town	Sunnyvale,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94089
City Area Code	408
Local Phone Number	745-2000
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Total net revenues	$ 1,133.1	$ 1,179.8	$ 3,237.3	$ 3,466.5
Cost of revenues:
Total cost of revenues	454.7	468.8	1,339.8	1,436.2
Gross margin	678.4	711	1,897.5	2,030.3
Operating expenses:
Research and development	244.5	253.8	716.1	772
Sales and marketing	235.3	224.8	692.8	702.5
General and administrative	61.2	67.9	189.4	178.1
Restructuring (benefits) charges	(1.1)	4.4	35.6	2.3
Total operating expenses	539.9	550.9	1,633.9	1,654.9
Operating income	138.5	160.1	263.6	375.4
Other expense, net	(20.4)	(8.1)	(23.2)	(31.1)
Income before income taxes	118.1	152	240.4	344.3
Income tax provision (benefit)	18.8	(71.8)	63.8	(30.4)
Net income	$ 99.3	$ 223.8	$ 176.6	$ 374.7
Net income per share:
Basic (in dollars per share)	$ 0.29	$ 0.65	$ 0.51	$ 1.07
Diluted, (in dollars per share)	$ 0.29	$ 0.64	$ 0.50	$ 1.05
Shares used in computing net income per share:
Basic (in shares)	342.2	346.2	345.5	350.1
Diluted (in shares)	345.5	350.5	350.1	355.2
Product
Total net revenues	$ 743.2	$ 794.7	$ 2,075.8	$ 2,330.4
Cost of revenues:
Total cost of revenues	304	312.5	888.3	955.5
Service
Total net revenues	389.9	385.1	1,161.5	1,136.1
Cost of revenues:
Total cost of revenues	$ 150.7	$ 156.3	$ 451.5	$ 480.7

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 99.3	$ 223.8	$ 176.6	$ 374.7
Available-for-sale debt securities:
Change in net unrealized gains and losses, net of tax (provision) of zero and ($0.8) during the three and nine months ended September 30, 2019, respectively, and tax (provision) benefit of ($0.3) and $0.9 for the comparable periods in 2018, respectively	0	0.9	3.8	(0.6)
Net realized losses reclassified into net income, net of tax provisions of zero for each period	(0.1)	0	(0.1)	0.9
Net change on available-for-sale debt securities, net of tax	(0.1)	0.9	3.7	0.3
Cash flow hedges:
Change in net unrealized gains and losses, net of tax provisions of $0.2 and $1.3 during the three and nine months ended September 30, 2019, respectively, and tax benefits of $1.5 and $2.7 for the comparable periods in 2018, respectively	(12.6)		(12.3)
Change in net unrealized gains and losses, net of tax provisions of $0.2 and $1.3 during the three and nine months ended September 30, 2019, respectively, and tax benefits of $1.5 and $2.7 for the comparable periods in 2018, respectively		(4.6)		(5.9)
Net realized (gains) and losses reclassified into net income, net of tax provisions of $0.7 and $1.5 during the three and nine months ended September 30, 2019, respectively, and tax (benefit) provision of ($0.5) and $0.3 for the comparable periods in 2018, respectively	1.5		3
Net realized (gains) and losses reclassified into net income, net of tax provisions of $0.7 and $1.5 during the three and nine months ended September 30, 2019, respectively, and tax (benefit) provision of ($0.5) and $0.3 for the comparable periods in 2018, respectively		2.6		(5.5)
Net change on cash flow hedges, net of tax	(11.1)		(9.3)
Net change on cash flow hedges, net of tax		(2)		(11.4)
Change in foreign currency translation adjustments	(4.3)	(7)	(3)	(13.7)
Other comprehensive (loss) income, net of tax	(15.5)	(8.1)	(8.6)	(24.8)
Comprehensive income	$ 83.8	$ 215.7	$ 168	$ 349.9

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Unrealized gain (loss) on available-for-sale securities, tax (provision) benefit	$ 0	$ (0.3)	$ (0.8)	$ 0.9
Reclassification adjustment for realized net loss (gain) on available-for-sale securities included in net income, tax provisions	0	0	0	0
Unrealized (loss) gain on cash flow hedges, tax (provision) benefit	(0.2)		(1.3)
Unrealized (loss) gain on cash flow hedges, tax (provision) benefit		1.5		2.7
Reclassification adjustment for realized net loss (gain) on cash flow hedges included in net income, tax provisions (benefit)	$ 0.7		$ 1.5
Reclassification adjustment for realized net loss (gain) on cash flow hedges included in net income, tax provisions (benefit)		$ (0.5)		$ 0.3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,204.8	$ 2,489
Short-term investments	1,040.8	1,070.1
Accounts receivable, net of allowances	635.8	754.6
Prepaid expenses and other current assets	306.1	268.1
Total current assets	3,187.5	4,581.8
Property and equipment, net	848.7	951.7
Operating lease assets	171.9
Long-term investments	581.1	199
Purchased intangible assets, net	195.7	118.5
Goodwill	3,338.3	3,108.8
Other long-term assets	430.4	403.5
Total assets	8,753.6	9,363.3
Current liabilities:
Accounts payable	229	208.8
Accrued compensation	176.9	221
Deferred revenue	741.6	829.3
Short-term portion of long-term debt	0	349.9
Other accrued liabilities	275.4	233.5
Total current liabilities	1,422.9	1,842.5
Long-term debt	1,687.6	1,789.1
Long-term deferred revenue	377.1	384.3
Long-term income taxes payable	402	404.4
Long-term operating lease liabilities	163.5
Other long-term liabilities	58.1	119.8
Total liabilities	4,111.2	4,540.1
Commitments and contingencies (Note 15)
Stockholders' equity:
Convertible preferred stock, $0.00001 par value; 10.0 shares authorized; none issued and outstanding	0	0
Common stock, $0.00001 par value; 1,000.0 shares authorized; 341.0 shares and 346.4 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively	0	0
Additional paid-in capital	7,501.9	7,672.8
Accumulated other comprehensive loss	(26.8)	(18.2)
Accumulated deficit	(2,832.7)	(2,831.4)
Total stockholders' equity	4,642.4	4,823.2
Total liabilities and stockholders' equity	$ 8,753.6	$ 9,363.3

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Convertible preferred stock - par value (in dollars per share)	$ 0.00001	$ 0.00001
Convertible preferred stock - shares authorized (shares)	10,000,000	10,000,000
Convertible preferred stock - issued (shares)	0	0
Convertible preferred stock - outstanding (shares)	0	0
Common stock - par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock - shares authorized (shares)	1,000,000,000	1,000,000,000
Common stock - issued (shares)	341,000,000	346,400,000
Common stock - outstanding (shares)	341,000,000	346,400,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 176.6	$ 374.7
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expense	147.1	180.2
Depreciation, amortization, and accretion	155.5	159.2
Operating lease assets expense	32
Loss on extinguishment of debt	15.3	0
Other	3.6	3.5
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	125.2	200.9
Prepaid expenses and other assets	(33.8)	43.9
Accounts payable	19.1	(27.6)
Accrued compensation	(45.4)	(4.2)
Income taxes payable	(8.7)	(244)
Other accrued liabilities	(49.5)	(14.5)
Deferred revenue	(103.8)	(23.4)
Net cash provided by operating activities	433.2	648.7
Cash flows from investing activities:
Purchases of property and equipment	(83.5)	(110.9)
Purchases of available-for-sale debt securities	(2,789.6)	(608.1)
Proceeds from sales of available-for-sale debt securities	1,035	1,012.2
Proceeds from maturities and redemptions of available-for-sale debt securities	1,410.1	446.6
Purchases of equity securities	(10.2)	(8.1)
Proceeds from sales of equity securities	5	29.8
Payments for business acquisitions, net of cash and cash equivalents acquired	(270.9)	0
Subsequent payments related to acquisitions in prior years	0	(31.5)
Net cash (used in) provided by investing activities	(704.1)	730
Cash flows from financing activities:
Repurchase and retirement of common stock	(354.9)	(755.5)
Proceeds from issuance of common stock	55.4	56.8
Payment of dividends	(196.4)	(187)
Payment of debt	(950)	0
Issuance of debt, net	495.2	0
Payment for debt extinguishment costs	(14.6)	0
Change in customer financing arrangement	0	(16.9)
Other	0	(1.5)
Net cash used in financing activities	(965.3)	(904.1)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash	(3.6)	(10.9)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(1,239.8)	463.7
Cash, cash equivalents, and restricted cash at beginning of period	2,505.8	2,059.1
Cash, cash equivalents, and restricted cash at end of period	$ 1,266	$ 2,522.8

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Common Stock and Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Balance (in shares) at Dec. 31, 2017		365.5
Balance at Dec. 31, 2017	$ 4,680.9		$ 8,042.1	$ (5.4)	$ (3,355.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	374.7				374.7
Other comprehensive loss, net	(24.8)			(24.8)
Issuance of common stock (in shares)		9.1
Issuance of common stock	56.8		56.8
Repurchase and retirement of common stock (in shares)		(29.5)
Repurchase and retirement of common stock	(755.5)		(394.6)		(360.9)
Share-based compensation expense	181.1		181.1
Payments of cash dividends	(187)		(187)
Balance (in shares) at Sep. 30, 2018		345.1
Balance at Sep. 30, 2018	4,650.9		7,698.4	(24.5)	(3,023)
Balance (in shares) at Jun. 30, 2018		349.4
Balance at Jun. 30, 2018	4,417.7		7,609.8	(16.4)	(3,175.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	223.8				223.8
Other comprehensive loss, net	(8.1)			(8.1)
Issuance of common stock (in shares)		1.7
Issuance of common stock	27.3		27.3
Repurchase and retirement of common stock (in shares)		(6)
Repurchase and retirement of common stock	(151.3)		(80.2)		(71.1)
Purchase of forward contract under accelerated share repurchase program (ASR)	150
Share-based compensation expense	53.6		53.6
Payments of cash dividends	(62.1)		(62.1)
Balance (in shares) at Sep. 30, 2018		345.1
Balance at Sep. 30, 2018	4,650.9		7,698.4	(24.5)	(3,023)
Balance (in shares) at Dec. 31, 2018		346.4
Balance at Dec. 31, 2018	4,823.2		7,672.8	(18.2)	(2,831.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	176.6				176.6
Other comprehensive loss, net	(8.6)			(8.6)
Issuance of common stock (in shares)		8.5
Issuance of common stock	55.4		55.4
Repurchase and retirement of common stock (in shares)		(13.9)
Repurchase and retirement of common stock	(354.9)		(181.7)		(173.2)
Common stock assumed upon business combination	4.7		4.7
Share-based compensation expense	147.1		147.1
Payments of cash dividends	(196.4)		(196.4)
Balance (in shares) at Sep. 30, 2019		341
Balance at Sep. 30, 2019	4,642.4		7,501.9	(26.8)	(2,832.7)
Balance (in shares) at Jun. 30, 2019		344.5
Balance at Jun. 30, 2019	4,591.2		7,491.2	(11.3)	(2,888.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	99.3				99.3
Other comprehensive loss, net	(15.5)			(15.5)
Issuance of common stock (in shares)		1.7
Issuance of common stock	25.7		25.7
Repurchase and retirement of common stock (in shares)		(5.2)
Repurchase and retirement of common stock	(111.1)		(67.8)		(43.3)
Purchase of forward contract under accelerated share repurchase program (ASR)	60		60
Share-based compensation expense	57.5		57.5
Payments of cash dividends	(64.7)		(64.7)
Balance (in shares) at Sep. 30, 2019		341
Balance at Sep. 30, 2019	$ 4,642.4		$ 7,501.9	$ (26.8)	$ (2,832.7)

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	Sep. 25, 2019	Jun. 24, 2019	Mar. 22, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.19	$ 0.19	$ 0.19	$ 0.19	$ 0.18	$ 0.57	$ 0.54

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1. Basis of Presentation Basis of Presentation The unaudited Condensed Consolidated Financial Statements of Juniper Networks, Inc. (the “Company” or “Juniper”) have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. The Condensed Consolidated Balance Sheet as of December 31, 2018 has been derived from the audited Consolidated Financial Statements at that date. In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 , or any future period. The information included in this Quarterly Report on Form 10-Q (“Report”) should be read in conjunction with the “Management's Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors,” “Quantitative and Qualitative Disclosures About Market Risk,” and the Consolidated Financial Statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 (the "Form 10-K"). The preparation of the financial statements and related disclosures in accordance with U.S. GAAP requires the Company to make judgments, assumptions, and estimates that affect the amounts reported in the Condensed Consolidated Financial Statements and the accompanying notes. Actual results could differ materially from those estimates under different assumptions or conditions.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Except for the change in certain policies upon adoption of the accounting standards described below, there have been no material changes to the Company's significant accounting policies, compared to the accounting policies described in Note 2, Significant Accounting Policies , in Notes to Consolidated Financial Statements in Item 8 of Part II of the Form 10-K. Recently Adopted Accounting Standards Cloud Computing Arrangement: On January 1, 2019, the Company early adopted FASB ASU No. 2018-15 (Subtopic 350-40) Intangibles — Goodwill and Other-Internal-Use Software: Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which provides guidance on a customer's accounting for implementation, set-up, and other upfront costs incurred in a cloud computing arrangement that is hosted by a service contract. The Company has adopted the standard prospectively, and the adoption did not have a material impact on all applicable implementation costs incurred after the adoption date. Derivatives and Hedging: On January 1, 2019, the Company adopted FASB ASU No. 2017-12 (Topic 815) Derivatives and Hedging — Targeted Improvements to Accounting for Hedging Activities , and an amendment thereafter, which expands an entity's ability to hedge financial and nonfinancial risk components and amends how companies assess effectiveness as well as changes to the presentation and disclosure requirements. The Company adopted the standard under the modified retrospective approach, and its amendment and presentation and disclosure requirements on a prospective basis. The adoption did not have a material impact on the Condensed Consolidated Financial Statements. See Note 6 , Derivative Instruments for additional disclosures required upon adopting the standard. Amortization on Purchased Callable Debt Securities: On January 1, 2019, the Company adopted FASB ASU No. 2017-08 Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities, which shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The standard will not impact debt securities held at a discount. The Company adopted the standard under the modified retrospective approach. The adoption did not have a material impact on the Condensed Consolidated Financial Statements. Leases: On January 1, 2019, the Company adopted FASB ASU No. 2016-02, Leases (Topic 842) , and the related subsequent amendments ("ASC 842"), which require recognition by the lessees of right-of-use ("ROU") assets and lease liabilities for most leases on the Company's Condensed Consolidated Balance Sheets. The Company adopted the new standard under the modified retrospective approach and recorded a cumulative-effect adjustment to the opening balance of accumulated deficit as of the effective date. Under the modified retrospective method, financial results reported in periods prior to 2019 are unchanged. The Company elected the package of practical expedients, which did not require the reassessment of existing leases under the new guidance. The Company also elected not to separate non-lease components from lease components and to not recognize ROU assets and lease liabilities for short-term leases. The cumulative effect of the adjustments made to the Company's Condensed Consolidated Balance Sheet as of the adoption date is detailed as follows (in millions): December 31, 2018 January 1, 2019 As reported Adjustments due to ASC 842 As adjusted Assets: Prepaid expenses and other current assets $ 268.1 $ (1.4 ) $ 266.7 Property and equipment, net 951.7 (42.9 ) 908.8 Operating lease assets — 192.5 192.5 Other long-term assets 403.5 1.3 404.8 Total assets $ 9,363.3 $ 149.5 $ 9,512.8 Liabilities: Other accrued liabilities $ 233.5 $ 35.6 $ 269.1 Long-term operating lease liabilities — 185.5 185.5 Other long-term liabilities 119.8 (66.7 ) 53.1 Total liabilities $ 4,540.1 $ 154.4 $ 4,694.5 Stockholders' equity: Accumulated deficit $ (2,831.4 ) $ (4.9 ) $ (2,836.3 ) The adoption of the standard had no impact on the Company's Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows or debt-covenant compliance under its current agreements. See Note 15 , Commitments and Contingencies , for additional disclosures required upon adopting the standard. Leases The Company determines if an arrangement is a lease at inception. The Company evaluates classification of leases at commencement and, as necessary, at modification. As of September 30, 2019 , the Company did not have any finance leases. Operating leases are included in operating lease ROU assets, other accrued liabilities, and operating lease liabilities on the Company's Condensed Consolidated Balance Sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. The operating lease ROU asset also includes any lease payments made prior to lease commencement and excludes lease incentives. Variable lease payments not dependent on an index or a rate, are expensed as incurred and are not included within the ROU asset and lease liability calculation. Variable lease payments primarily include reimbursements of costs incurred by lessors for common area maintenance and utilities. The Company's lease terms are the noncancelable period, including any rent-free periods provided by the lessor, and include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. At lease inception, and in subsequent periods as necessary, the Company estimates the lease term based on its assessment of extension and termination options that are reasonably certain to be exercised. Lease costs are recognized on a straight-line basis over the lease term. The Company does not separate non-lease components from lease components for all underlying classes of assets. In addition, the Company does not recognize ROU assets and lease liabilities for short-term leases, which have a lease term of twelve months or less and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. Lease cost for short-term leases is recognized on a straight-line basis over the lease term. Recent Accounting Standards Not Yet Adopted Fair Value Measurement: In August 2018, the FASB issued ASU No. 2018-13 (Topic 820) Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, adds, and modifies certain disclosure requirements for fair value measurements under ASC 820. This ASU is to be applied on a prospective basis for certain modified or new disclosure requirements, and all other amendments in the standard are to be applied on a retrospective basis. The new standard is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adoption on the Consolidated Financial Statements. Simplifying the Test for Goodwill Impairment: In January 2017, the FASB issued ASU No. 2017-04 (Topic 350) Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairmen t, which removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Under the amended guidance, a goodwill impairment charge will now be recognized for the amount by which the carrying value of a reporting unit exceeds its fair value, not to exceed the carrying amount of goodwill. This ASU will be applied on a prospective basis and is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted for any impairment tests performed after January 1, 2017. The Company does not expect the adoption to have a material impact on the Consolidated Financial Statements. Credit Losses on Financial Instruments: In June 2016, the FASB issued ASU No. 2016-13 (Topic 326) Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments , which provides more decision-useful information about the expected credit losses on financial instruments and changes the loss impairment methodology. An amendment issued by the FASB in November 2018 clarifies that receivables arising from operating leases are not within the scope of Topic 326 and should be accounted for in accordance with Topic 842. This pronouncement and its amendments are effective for reporting periods beginning after December 15, 2019, and interim periods within those fiscal years, using a modified retrospective adoption method. Early adoption is permitted. The Company is currently evaluating the impact of adoption on the Consolidated Financial Statements.

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Business Combinations	Note 3. Business Combinations On April 1, 2019 , the Company acquired 100% ownership of Mist Systems, Inc. (“Mist”) for $359.2 million . The purchase consideration consisted of cash of $354.5 million and $4.7 million in share-based awards attributable to services prior to the acquisition. The acquisition of Mist, a company that provides cloud-managed wireless networks powered by artificial intelligence, is expected to enhance Juniper's enterprise networking portfolio by combining Mist’s next-generation Wireless LAN platform with Juniper's wired LAN, SD-WAN, and security solutions to deliver integrated end-to-end user and IT experiences. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (in millions): Amount Cash and cash equivalents $ 38.9 Goodwill 228.9 Intangible assets 102.0 Other assets acquired 15.8 Liabilities assumed (26.4 ) Total $ 359.2 The goodwill recognized in connection with the acquisition is primarily attributable to anticipated synergies from future growth and will not be deductible for income tax purposes. The following table summarizes the fair value of the separately identifiable intangible assets at the time of acquisition (in millions): Amount Intangible assets (*) : Developed technology $ 81.0 Customer relationships 15.0 Trade name 6.0 Total intangible assets acquired $ 102.0 ________________________________ (*) Estimated useful life of each of the assets is 5 years. Acquisition-related costs were not material during the three and nine months ended September 30, 2019 and were expensed in the period incurred within general and administrative expense in the Company's Condensed Consolidated Statements of Operations. The Company's Condensed Consolidated Financial Statements include the operating results of this business combination from the date of acquisition. Pro forma results of operations for this acquisition have not been presented, as the financial impact to the Company's consolidated results of operations is not material. The primary areas of the preliminary purchase price allocation that are subject to change relate to certain legal and income tax matters.

Cash Equivalents and Investment

Cash Equivalents and Investments	9 Months Ended
	Sep. 30, 2019
Cash Equivalents and Investments [Abstract]
Cash Equivalents and Investments	Note 4. Cash Equivalents and Investments Investments in Available-for-Sale Debt Securities The following table summarizes the Company's unrealized gains and losses and fair value of investments designated as available-for-sale debt securities as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, 2019 As of December 31, 2018 Amortized Gross Unrealized Gross Unrealized Estimated Fair Amortized Gross Unrealized Gross Unrealized Estimated Fair Fixed income securities: Asset-backed securities $ 77.4 $ 0.1 $ — $ 77.5 $ 46.8 $ — $ (0.3 ) $ 46.5 Certificates of deposit 70.6 — (0.1 ) 70.5 152.9 — — 152.9 Commercial paper 259.9 — — 259.9 393.6 — — 393.6 Corporate debt securities 713.0 0.6 (0.3 ) 713.3 416.1 — (3.1 ) 413.0 Foreign government debt securities 15.2 — — 15.2 20.0 — (0.1 ) 19.9 Time deposits 17.4 — — 17.4 278.6 — — 278.6 U.S. government agency securities 52.0 — — 52.0 87.2 — (0.2 ) 87.0 U.S. government securities 578.7 0.4 (0.4 ) 578.7 811.8 — (0.5 ) 811.3 Total fixed income securities 1,784.2 1.1 (0.8 ) 1,784.5 2,207.0 — (4.2 ) 2,202.8 Privately-held debt and redeemable preferred stock securities 16.1 37.4 — 53.5 16.6 37.4 — 54.0 Total available-for-sale debt securities $ 1,800.3 $ 38.5 $ (0.8 ) $ 1,838.0 $ 2,223.6 $ 37.4 $ (4.2 ) $ 2,256.8 Reported as: Cash equivalents $ 163.2 $ — $ — $ 163.2 $ 936.5 $ — $ — $ 936.5 Short-term investments 1,039.4 0.9 (0.1 ) 1,040.2 1,069.2 — (1.9 ) 1,067.3 Long-term investments 581.6 0.2 (0.7 ) 581.1 201.3 — (2.3 ) 199.0 Other long-term assets 16.1 37.4 — 53.5 16.6 37.4 — 54.0 Total $ 1,800.3 $ 38.5 $ (0.8 ) $ 1,838.0 $ 2,223.6 $ 37.4 $ (4.2 ) $ 2,256.8 The following table presents the contractual maturities of the Company's total fixed income securities as of September 30, 2019 (in millions): Amortized Cost Estimated Fair Value Due in less than one year $ 1,202.6 $ 1,203.4 Due between one and five years 581.6 581.1 Total $ 1,784.2 $ 1,784.5 The following tables present the Company's total fixed income securities that were in an unrealized loss position as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fixed income securities: Asset-backed securities $ 11.3 $ — $ 12.0 $ — $ 23.3 $ — Certificates of deposit 4.9 (0.1 ) — — 4.9 (0.1 ) Corporate debt securities 222.6 (0.3 ) 64.3 — 286.9 (0.3 ) Foreign government debt securities — — 6.8 — 6.8 — U.S. government agency securities 46.0 — — — 46.0 — U.S. government securities 203.5 (0.4 ) 4.0 — 207.5 (0.4 ) Total fixed income securities $ 488.3 $ (0.8 ) $ 87.1 $ — $ 575.4 $ (0.8 ) As of December 31, 2018 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fixed income securities: Asset-backed securities $ 3.1 $ — $ 43.0 $ (0.3 ) $ 46.1 $ (0.3 ) Corporate debt securities 72.6 (0.1 ) 330.7 (3.0 ) 403.3 (3.1 ) Foreign government debt securities 1.5 — 18.4 (0.1 ) 19.9 (0.1 ) U.S. government agency securities 2.0 — 45.2 (0.2 ) 47.2 (0.2 ) U.S. government securities 344.0 — 63.5 (0.5 ) 407.5 (0.5 ) Total fixed income securities $ 423.2 $ (0.1 ) $ 500.8 $ (4.1 ) $ 924.0 $ (4.2 ) For available-for-sale debt securities that have unrealized losses, the Company assesses impairment by evaluating various factors, including whether (i) it has the intention to sell any of these investments and (ii) whether it is more likely than not that it will be required to sell any of these investments before recovery of the entire amortized cost basis. As of September 30, 2019 , the Company had 290 investments in unrealized loss positions. The gross unrealized losses related to these investments were primarily due to changes in market interest rates. The Company anticipates that it will recover the entire amortized cost basis of such available-for-sale debt securities and has determined that no other-than-temporary impairments associated with credit losses were required to be recognized during the three and nine months ended September 30, 2019 and September 30, 2018 . During the three and nine months ended September 30, 2019 and September 30, 2018 , there were no material gross realized gains or losses from available-for-sale debt securities. Investments in Equity Securities The following table presents the Company's investments in equity securities as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, December 31, Equity investments with readily determinable fair value Money market funds (1) $ 611.9 $ 996.9 Mutual funds (2) 26.4 24.3 Publicly-traded equity securities 0.6 2.8 Equity investments without readily determinable fair value 40.9 36.4 Total equity securities $ 679.8 $ 1,060.4 Reported as: Cash equivalents $ 607.5 $ 985.3 Short-term investments 0.6 2.8 Prepaid expenses and other current assets 5.2 10.9 Other long-term assets 66.5 61.4 Total $ 679.8 $ 1,060.4 ________________________________ (1) Balance includes $4.4 million and $11.6 million in restricted investments measured at fair value, related to the Company's acquisition-related escrow accounts as of September 30, 2019 and December 31, 2018 , respectively. (2) Balance relates to restricted investments measured at fair value related to the Company's Deferred Compensation Plan. For the three and nine months ended September 30, 2019 and September 30, 2018 , there were no material unrealized gains or losses recognized for equity investments. Restricted Cash and Investments As of September 30, 2019 , the carrying value of restricted cash and investments was $92.0 million , of which $66.5 million was included in prepaid expenses and other current assets and $25.5 million was included in other long-term assets on the Condensed Consolidated Balance Sheet. The following table provides a reconciliation of cash, cash equivalents, and restricted cash included in the Condensed Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, December 31, Cash and cash equivalents $ 1,204.8 $ 2,489.0 Restricted cash included in Prepaid expenses and other current assets 61.2 16.8 Total cash, cash equivalents, and restricted cash $ 1,266.0 $ 2,505.8

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5. Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table provides a summary of assets and liabilities measured at fair value on a recurring basis and as reported in the Condensed Consolidated Balance Sheets (in millions): Fair Value Measurements at Fair Value Measurements at Quoted Prices in Significant Other Significant Other Total Quoted Prices in Significant Other Significant Other Total Assets: Available-for-sale debt securities: Asset-backed securities $ — $ 77.5 $ — $ 77.5 $ — $ 46.5 $ — $ 46.5 Certificates of deposit — 70.5 — 70.5 — 152.9 — 152.9 Commercial paper — 259.9 — 259.9 — 393.6 — 393.6 Corporate debt securities — 713.3 — 713.3 — 413.0 — 413.0 Foreign government debt securities — 15.2 — 15.2 — 19.9 — 19.9 Time deposits — 17.4 — 17.4 — 278.6 — 278.6 U.S. government agency securities — 52.0 — 52.0 — 87.0 — 87.0 U.S. government securities 454.6 124.1 — 578.7 352.8 458.5 — 811.3 Privately-held debt and redeemable preferred stock securities — — 53.5 53.5 — — 54.0 54.0 Total available-for-sale debt securities 454.6 1,329.9 53.5 1,838.0 352.8 1,850.0 54.0 2,256.8 Equity securities: Money market funds 611.9 — — 611.9 996.9 — — 996.9 Mutual funds 26.4 — — 26.4 24.3 — — 24.3 Publicly-traded equity securities 0.6 — — 0.6 2.8 — — 2.8 Total equity securities 638.9 — — 638.9 1,024.0 — — 1,024.0 Derivative assets: Foreign exchange contracts — 2.5 — 2.5 — 5.3 — 5.3 Interest rate swap contracts — 1.3 — 1.3 — — — — Total derivative assets — 3.8 — 3.8 — 5.3 — 5.3 Total assets measured at fair value $ 1,093.5 $ 1,333.7 $ 53.5 $ 2,480.7 $ 1,376.8 $ 1,855.3 $ 54.0 $ 3,286.1 Liabilities: Derivative liabilities: Foreign exchange contracts $ — $ (14.2 ) $ — $ (14.2 ) $ — $ (7.1 ) $ — $ (7.1 ) Interest rate swap contracts — (0.2 ) — (0.2 ) — — — — Total derivative liabilities — (14.4 ) — (14.4 ) — (7.1 ) — (7.1 ) Total liabilities measured at fair value $ — $ (14.4 ) $ — $ (14.4 ) $ — $ (7.1 ) $ — $ (7.1 ) Total assets, reported as: Cash equivalents $ 621.5 $ 149.3 $ — $ 770.8 $ 1,025.2 $ 896.6 $ — $ 1,921.8 Short-term investments 221.7 819.1 — 1,040.8 297.5 772.6 — 1,070.1 Long-term investments 219.6 361.5 — 581.1 18.2 180.8 — 199.0 Prepaid expenses and other current assets 5.2 2.5 — 7.7 10.8 5.3 — 16.1 Other long-term assets 25.5 1.3 53.5 80.3 25.1 — 54.0 79.1 Total assets measured at fair value $ 1,093.5 $ 1,333.7 $ 53.5 $ 2,480.7 $ 1,376.8 $ 1,855.3 $ 54.0 $ 3,286.1 Fair Value Measurements at September 30, 2019 Fair Value Measurements at December 31, 2018 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Remaining Inputs (Level 2) Significant Other Unobservable Remaining Inputs (Level 3) Total Quoted Prices in (Level 1) Significant Other (Level 2) Significant Other (Level 3) Total Total liabilities, reported as: Other accrued liabilities $ — $ (14.2 ) $ — $ (14.2 ) $ — $ (7.1 ) $ — $ (7.1 ) Other long-term liabilities — (0.2 ) — (0.2 ) — — — — Total liabilities measured at fair value $ — $ (14.4 ) $ — $ (14.4 ) $ — $ (7.1 ) $ — $ (7.1 ) The Company's Level 2 available-for-sale debt securities are priced using quoted market prices for similar instruments or non-binding market prices that are corroborated by observable market data. The Company uses inputs such as actual trade data, benchmark yields, broker/dealer quotes, or alternative pricing sources with reasonable levels of price transparency which are obtained from quoted market prices, independent pricing vendors, or other sources, to determine the ultimate fair value of these assets. The Company's derivative instruments are classified as Level 2, as they are not actively traded and are valued using pricing models that use observable market inputs. The Company's policy is to recognize asset or liability transfers among Level 1, Level 2, and Level 3 at the beginning of the quarter in which a change in circumstances resulted in a transfer. During the three and nine months ended September 30, 2019 , the Company had no transfers between levels of the fair value hierarchy of its assets or liabilities measured at fair value. The Company's privately-held debt and redeemable preferred stock securities are classified as Level 3 assets due to the lack of observable inputs to determine fair value. The Company estimates the fair value of its privately-held debt and redeemable preferred stock securities on a recurring basis using an analysis of the financial condition and near-term prospects of the investee, including recent valuations at the time of financing activities and the investee's capital structure. During the three and nine months ended September 30, 2019 , there were no significant activities related to privately-held debt and redeemable preferred stock securities. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain of the Company's assets, including intangible assets and goodwill, are measured at fair value on a nonrecurring basis, when they are deemed to be other-than temporarily impaired. There were no impairment charges recognized during the three and nine months ended September 30, 2019 . Equity investments without readily determinable fair value are measured at fair value, when they are deemed to be impaired or when there is an adjustment from observable price changes. For the three and nine months ended September 30, 2019 , there were no material impairment charges or adjustments resulting from observable price changes for equity investments without readily determinable fair value. As of September 30, 2019 and December 31, 2018 , the Company had no liabilities required to be measured at fair value on a nonrecurring basis. Assets and Liabilities Not Measured at Fair Value The carrying amounts of the Company's accounts receivable, accounts payable, and other accrued liabilities approximate fair value due to their short maturities. As of September 30, 2019 and December 31, 2018 , the estimated fair value of the Company's total outstanding debt in the Condensed Consolidated Balance Sheets was $1,807.3 million and $2,158.7 million , respectively, based on observable market inputs (Level 2). The carrying value of the promissory note issued to the Company in connection with the previously completed sale of Junos Pulse, along with the accumulated interest paid in kind, of $73.7 million and $69.0 million approximates its fair value as of September 30, 2019 and December 31, 2018 , respectively. Notes receivable are generally classified as Level 3 asset due to the lack of observable inputs to determine fair value. The carrying value of a contract manufacturer deposit of $36.9 million , reported within other long-term assets, in the Condensed Consolidated Balance Sheets approximates its fair value as of September 30, 2019 . See Note 7 , Other Financial Information ,

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 6. Derivative Instruments The Company uses derivative instruments to manage a variety of risks, including risks related to fluctuations in foreign currency exchange rates and interest rates on debt instruments. We do not use derivative financial instruments for speculative purposes. The notional amount of the Company's derivatives is summarized as follows (in millions): As of September 30, December 31, Designated derivatives: Cash flow hedges $ 533.4 $ 497.7 Interest rate swap contracts 300.0 — Total designated derivatives 833.4 497.7 Non-designated derivatives 161.9 158.7 Total $ 995.3 $ 656.4 Designated Derivatives The Company uses foreign currency forward contracts to hedge the Company's planned cost of revenues and operating expenses denominated in foreign currencies. These derivatives are designated as cash flow hedges. Execution of cash flow hedge derivatives typically occurs every month with maturities of eighteen months or less. As of September 30, 2019 , an estimated $8.8 million of unrealized net loss within accumulated other comprehensive loss is expected to be reclassified into earnings within the next twelve months. The Company recognized an unrealized loss of $12.4 million and $11.1 million in accumulated other comprehensive income for the effective portion of its derivative instruments for the three and nine months ended September 30, 2019 , respectively; and an unrealized loss of $6.1 million and $8.6 million for the comparable periods in fiscal 2018, respectively. The Company reclassified a loss of $0.8 million and $1.5 million out of accumulated other comprehensive income to cost of revenues and operating expenses in the Condensed Consolidated Statements of Operations during the three and nine months ended September 30, 2019 , respectively, and a loss of $3.1 million and a gain of $5.8 million for the comparable periods in fiscal 2018, respectively. In September 2019, the Company entered into interest rate swaps with an aggregate notional amount of $300.0 million designated as fair value hedges of our fixed-rate 2041 Notes. These swaps convert the fixed interest rates of the notes to floating interest rates based on the London InterBank Offered Rate (LIBOR). Most of the interest rate swaps will expire within ten years or less . The Company recognizes the change in fair value of the derivative instrument, as well as the offsetting change in the fair value of the hedged item, in Other expense, net in the Condensed Consolidated Statements of Operations in the period of change. These derivatives are classified in the Condensed Consolidated Statements of Cash Flows in the same section as the underlying item. See Note 5 , Fair Value Measurements , for the fair values of the Company's derivative instruments in the Condensed Consolidated Balance Sheets. Non-Designated Derivatives The Company also uses foreign currency forward contracts to mitigate variability in gains and losses generated from the remeasurement of certain monetary assets and liabilities denominated in foreign currencies. These foreign exchange forward contracts typically have maturities of approximately one to four months . The outstanding non-designated derivative instruments are carried at fair value. Changes in the fair value of these derivatives recorded in other expense, net within the Condensed Consolidated Statements of Operations were not material during the three and nine months ended September 30, 2019 and September 30, 2018 .

Other Financial Information

Other Financial Information	9 Months Ended
	Sep. 30, 2019
Other Financial Information [Abstract]
Other Financial Information	Note 7. Other Financial Information Inventory Total inventory consisted of the following (in millions): As of September 30, December 31, Production and service materials $ 68.1 $ 60.6 Finished goods 25.3 21.4 Inventory $ 93.4 $ 82.0 Reported as: Prepaid expenses and other current assets $ 90.1 $ 80.6 Other long-term assets 3.3 1.4 Total $ 93.4 $ 82.0 Deposit The Company has a non-interest bearing deposit balance of $36.9 million , net of an unamortized discount balance of $1.9 million , to a contract manufacturer per the terms of the agreement. The discount is calculated based on an imputed interest rate of 5.0% at September 30, 2019 . The imputed interest will be amortized over the term of the deposit to interest income along with a corresponding charge to cost of revenues. The deposit is due in the third quarter of 2020 and has been classified as other long-term assets on the Condensed Consolidated Balance Sheets. Warranties Changes during the nine months ended September 30, 2019 in the Company’s warranty reserve as reported within other accrued liabilities in the Condensed Consolidated Balance Sheets were as follows (in millions): Balance as of December 31, 2018 $ 28.0 Provisions made during the period 28.5 Actual costs incurred during the period (25.0 ) Balance as of September 30, 2019 $ 31.5 Deferred Revenue Details of the Company's deferred revenue, as reported in the Condensed Consolidated Balance Sheets, were as follows (in millions): As of September 30, December 31, Deferred product revenue: Undelivered product commitments and other product deferrals $ 138.4 $ 163.3 Deferred gross product revenue 138.4 163.3 Deferred cost of product revenue (9.4 ) (18.9 ) Deferred product revenue, net 129.0 144.4 Deferred service revenue 989.7 1,069.2 Total $ 1,118.7 $ 1,213.6 Reported as: Current $ 741.6 $ 829.3 Long-term 377.1 384.3 Total $ 1,118.7 $ 1,213.6 Revenue See Note 12 , Segments , for disaggregated revenue by product and service, customer vertical, and geographic region. Product revenue of $13.7 million and $54.3 million included in deferred revenue at January 1, 2019 was recognized during the three and nine months ended September 30, 2019 , respectively. Service revenue of $152.3 million and $609.1 million included in deferred revenue at January 1, 2019 was recognized during the three and nine months ended September 30, 2019 , respectively. The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of September 30, 2019 and when the Company expects to recognize the amounts as gross revenue (in millions): Revenue Recognition Expected by Period Total Less than 1 year 1-3 years More than 3 years Product $ 138.4 $ 114.5 $ 21.1 $ 2.8 Service 998.2 645.0 297.3 55.9 Total $ 1,136.6 $ 759.5 $ 318.4 $ 58.7 Deferred Commissions Deferred commissions were $20.4 million as of September 30, 2019 . For the three and nine months ended September 30, 2019 , amortization expense for the deferred commissions was $27.9 million and $94.0 million , respectively. There were no impairment charges recognized during the three and nine months ended September 30, 2019 . Other Expense, Net Other expense, net, consisted of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest income $ 19.7 $ 18.9 $ 63.0 $ 49.8 Interest expense (22.1 ) (25.8 ) (68.3 ) (77.7 ) Loss on extinguishment of debt (15.3 ) — (15.3 ) — Loss on investments, net (3.4 ) (1.9 ) (4.6 ) (1.8 ) Other 0.7 0.7 2.0 (1.4 ) Other expense, net $ (20.4 ) $ (8.1 ) $ (23.2 ) $ (31.1 )

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring Charges	Note 8. Restructuring Charges During the first quarter of 2019, the Company initiated a restructuring plan (the "2019 Restructuring Plan") designed to realign its workforce with the Company's sales strategy, improve productivity, and enhance cost efficiencies. During the second quarter of 2019, the Company amended the 2019 Restructuring Plan and undertook certain further actions that resulted in additional severance, additional facility consolidation, and contract termination costs. During the three months ended September 30, 2019, the Company recorded $0.3 million and $0.8 million for changes in previous estimates associated with severance and contract termination costs, respectively. During the nine months ended September 30, 2019, the Company recorded $21.8 million of severance costs related to workforce reductions, $2.1 million of facility consolidations, and $11.7 million of contract termination costs, respectively, to restructuring charges in the Condensed Consolidated Statements of Operations. Restructuring liabilities are reported within other accrued liabilities in the Condensed Consolidated Balance Sheets. The following table provides a summary of changes in the restructuring liabilities for the Company's 2019 and prior year restructuring plans (in millions): December 31, Charges Cash Payments Other September 30, Severance $ 1.1 $ 21.8 $ (20.7 ) $ — $ 2.2 Facility consolidations — 2.1 (0.1 ) (2.0 ) — Contract terminations — 11.7 (10.9 ) (0.2 ) 0.6 Total $ 1.1 $ 35.6 $ (31.7 ) $ (2.2 ) $ 2.8 The Company expects to pay the remaining restructuring liabilities by the end of the second quarter of 2020.

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Note 9. Debt Debt The following table summarizes the Company's total debt (in millions, except percentages): As of September 30, 2019 Issuance date Maturity Date Amount Effective Interest Rates Senior Notes ("Notes"): 4.500% fixed-rate notes (1) ("2024 Notes") March 2014 March 2024 $ 350.0 4.63 % 4.500% fixed-rate notes (1) ("2024 Notes") February 2016 March 2024 150.0 4.87 % 4.350% fixed-rate notes ("2025 Notes") March 2015 June 2025 300.0 4.47 % 3.750% fixed-rate notes ("2029 Notes") August 2019 August 2029 500.0 3.86 % 5.950% fixed-rate notes ("2041 Notes") March 2011 March 2041 400.0 6.03 % Total Notes 1,700.0 Unaccreted discount and debt issuance costs (13.5 ) Hedge accounting fair value adjustments (2) 1.1 Total $ 1,687.6 ________________________________ (1) 2024 Notes issued in March 2014 and February 2016 form a single series and are fully fungible. (2) Represents the fair value adjustments for interest rate swap contracts with an aggregate notional amount of $300.0 million designated as fair value hedges of our fixed-rate 2041 Notes. See Note 6 , Derivative Instruments , for a discussion of the Company's interest rate swaps. In August 2019, the Company issued $500.0 million aggregate principal amount of 3.75% senior notes due 2029 . The net proceeds from the issuance of the 2029 Notes, together with cash on hand, were used for the repayment of $600.0 million aggregate principal amount of the Company's 3.30% senior notes due 2020 and 4.60% senior notes due 2021 . The repayments were made in August and September 2019. The repayments resulted in a loss on extinguishment of debt of $15.3 million , which was recorded under other expense, net within the Condensed Consolidated Statements of Operations. The Notes above are the Company’s senior unsecured and unsubordinated obligations, ranking equally in right of payment to all of the Company’s existing and future senior unsecured and unsubordinated indebtedness, and senior in right of payment to any of the Company’s future indebtedness that is expressly subordinated to the Notes. The Company may redeem the 2025 Notes and the 2029 Notes, either in whole or in part, at any time three months prior to the maturity date of the 2025 Notes, and three months prior to the maturity date of the 2029 Notes, respectively, at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the 2025 Notes and the 2029 Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments discounted at the Treasury rate plus 37.5 basis points for the 2025 Notes, or the Treasury rate plus 35.0 basis points for the 2029 Notes, plus, in the case of each of the clauses (i) and (ii) above, accrued and unpaid interest, if any. At any time on or after March 15, 2025, in the case of the 2025 Notes, and at any time on or after March 15, 2029, in the case of the 2029 Notes, the Company may redeem Notes of such series, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2025 Notes and the 2029 Notes to be redeemed, plus accrued and unpaid interest, if any. The Company may redeem the other Notes, either in whole or in part, at any time at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments discounted to the redemption date, plus, in either case, accrued and unpaid interest, if any. In the event of a change of control repurchase event, the holders of the Notes may require the Company to repurchase for cash all or part of the Notes at a purchase price equal to 101% of the aggregate principal amount, plus accrued and unpaid interest, if any. Interest on the Notes is payable in cash semiannually. The effective interest rates for the Notes include the interest on the Notes, accretion of the discount, and amortization of issuance costs. The indentures that govern the Notes also contain various covenants, including limitations on the Company's ability to incur liens or enter into sale-leaseback transactions over certain dollar thresholds. As of September 30, 2019 , the Company was in compliance with all covenants in the indentures governing the Notes. Revolving Credit Facility In April 2019, the Company entered into a new credit agreement with certain institutional lenders that provides for a five -year $500.0 million unsecured revolving credit facility (the "Revolving Credit Facility"), with an option to increase the Revolving Credit Facility by up to an additional $200.0 million , subject to the lenders' approval. Proceeds of loans made under the Revolving Credit Facility may be used by the Company for working capital and general corporate purposes. The Revolving Credit Facility will terminate in April 2024, subject to two one -year maturity extension options, on the terms and conditions as set forth in the credit agreement. As of September 30, 2019 , there were no amounts outstanding under the Revolving Credit Facility. Borrowings under the Revolving Credit Facility will bear interest, at either (i) a floating rate per annum equal to the base rate plus a margin of between 0.00% and 0.375% , depending on the Company's public debt rating or (ii) a per annum rate equal to the reserve adjusted Eurocurrency rate, plus a margin of between 0.910% and 1.375% , depending on the Company's public debt rating. Base rate is defined as the greatest of (A) Citibank's base rate, (B) the federal funds rate plus 0.500% or (C) the ICE Benchmark Administration Settlement Rate applicable to dollars for a period of one month plus 1.00% . The Eurocurrency rate is determined for U.S. dollars and Pounds Sterling as the rate at which deposits in such currency are offered in the London interbank market for the applicable interest period and for Euro as the rate specified for deposits in Euro with a maturity comparable to the applicable interest period. The Revolving Credit Facility requires the Company to maintain a leverage ratio no greater than 3.0 x (provided that if a material acquisition has been consummated, the Company is permitted to maintain a leverage ratio no greater than 3.5 x for up to four quarters) and an interest coverage ratio no less than 3.0 x during the term of the credit facility. As of September 30, 2019

Equity

Equity	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Equity	Note 10. Equity The following table summarizes dividends paid, stock repurchases and retirements under the Company's stock repurchase program (in millions, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Dividends Per share $ 0.19 $ 0.18 $ 0.57 $ 0.54 Amount $ 64.7 $ 62.1 $ 196.4 $ 187.0 Repurchased under the 2018 Stock Repurchase Program Shares 5.1 6.0 13.7 29.3 Average price per share (*) $ 24.90 $ 25.62 $ 25.45 $ 25.62 Amount $ 50.0 $ — $ 350.0 $ 750.0 ________________________________ (*) Represents the average price per share of the ASR and open market purchases for the three and nine months ended September 30, 2019 . Cash Dividends on Shares of Common Stock During the three and nine months ended September 30, 2019 , the Company declared a quarterly cash dividend of $0.19 per share of common stock on January 29, 2019, April 25, 2019 and July 25, 2019, respectively, which was paid on March 22, 2019, June 24, 2019 and September 25, 2019, respectively, to stockholders of record on March 1, 2019, June 3, 2019 and September 4, 2019, respectively. Any future dividends, and the establishment of record and payment dates, are subject to approval by the Board of Directors (the “Board”) of Juniper or an authorized committee thereof. See Note 16 , Subsequent Events , for discussion of the Company's dividend declaration subsequent to September 30, 2019 . Stock Repurchase Activities In January 2018, the Board approved a $2.0 billion share repurchase program ("2018 Stock Repurchase Program"). As part of the 2018 Stock Repurchase Program, in February 2018, the Company entered into an ASR to repurchase $750.0 million of its common stock. The Company made an up-front payment of $750.0 million pursuant to the ASR to repurchase its common stock. The aggregate number of shares ultimately repurchased of 29.3 million shares of common stock was determined based on a volume weighted average repurchase price, less an agreed upon discount, of $25.62 per share. On April 29, 2019, the Company entered into an ASR, to repurchase an aggregate of approximately $300.0 million of the Company’s outstanding common stock. During the three months ended June 30, 2019, the Company made an up-front payment of $300.0 million pursuant to the ASR and received and retired an initial 8.6 million shares of the Company’s common stock for an aggregate price of $240.0 million , based on the market price of $27.94 per share of the Company’s common stock on the date of the transaction. During the three months ended September 30, 2019, the ASR was completed and an additional 3.0 million shares were received for a total repurchase of 11.6 million shares of the Company's common stock at a volume weighted average repurchase price, less an agreed upon discount, of $25.79 per share. The shares received by the Company were retired, accounted for as a reduction to stockholder’s equity in the Condensed Consolidated Balance Sheets, and treated as a repurchase of common stock for purposes of calculating earnings per share. During the three months ended September 30, 2019, the Company also repurchased 2.1 million shares of its common stock in the open market for an aggregate purchase price of $50.0 million at an average price of $23.63 per share, under the 2018 Stock Repurchase Program. As of September 30, 2019 , there was approximately $900.0 million of authorized funds remaining under the 2018 Stock Repurchase Program. The 2018 Stock Repurchase Program does not have a specified termination date. See Note 16 , Subsequent Events , for discussion of the Company's stock repurchase activity, increased repurchase authorization and ASR subsequent to September 30, 2019 . Future share repurchases under the 2018 Stock Repurchase Program will be subject to a review of the circumstances at that time and will be made from time to time in private transactions or open market purchases as permitted by securities laws and other legal requirements. The Company's 2018 Stock Repurchase Program may be discontinued at any time. In addition to repurchases under the 2018 Stock Repurchase Program, the Company also withholds shares of common stock from certain employees in connection with the vesting of stock awards issued to such employees to satisfy applicable tax withholding requirements. Such withheld shares are treated as common stock repurchases in our financial statements as they reduce the number of shares that would have been issued upon vesting. Repurchases associated with tax withholdings were not material during the three and nine months ended September 30, 2019 and September 30, 2018 . Accumulated Other Comprehensive Loss, Net of Tax The components of accumulated other comprehensive loss, net of related taxes, for the nine months ended September 30, 2019 were as follows (in millions): Unrealized Gains/Losses on Available-for- Sale Debt Securities Unrealized Gains/Losses on Cash Flow Hedges Foreign Currency Translation Adjustments Total Balance as of December 31, 2018 $ 25.5 $ (0.9 ) $ (42.8 ) $ (18.2 ) Other comprehensive income before reclassifications 3.8 (12.3 ) (3.0 ) (11.5 ) Amount reclassified from accumulated other comprehensive loss (0.1 ) 3.0 — 2.9 Other comprehensive income, net 3.7 (9.3 ) (3.0 ) (8.6 ) Balance as of September 30, 2019 $ 29.2 $ (10.2 ) $ (45.8 ) $ (26.8 )

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Employee Benefit Plans	Note 11. Employee Benefit Plans Equity Incentive Plans The Company has stock-based compensation plans pursuant to which it has granted stock options, restricted stock units (“RSUs”), and performance share awards (“PSAs”). The Company also maintains its 2008 Employee Stock Purchase Plan (the “ESPP”) for all eligible employees. As of September 30, 2019 , 16.2 million and 6.3 million shares were available for future issuance under the Company's 2015 Equity Incentive Plan (the "2015 Plan") and the ESPP, respectively. In connection with past acquisitions, the Company also assumed or substituted stock options, RSUs, restricted stock unit awards ("RSAs"), and PSAs. On April 1, 2019, the Company completed the acquisition of Mist. In connection with the acquisition, the Company assumed stock options, RSUs and RSAs, including those that had been granted under the Mist Systems, Inc. 2014 Equity Incentive Plan (the "Mist Plan"), and converted the awards into Juniper Networks' stock options, RSUs and RSAs, respectively, based on an exchange ratio set forth in the acquisition agreement between Juniper Networks and Mist. The Company assumed an aggregate of 1.9 million shares of stock options, RSUs and RSAs in connection with the acquisition of Mist. No additional awards can be granted under the Mist Plan. Stock Option Activities The following table summarizes the Company’s stock option activity and related information as of and for the nine months ended September 30, 2019 (in millions, except for per share amounts and years): Outstanding Options Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of December 31, 2018 0.1 $ 20.66 Assumed upon the acquisition of Mist 1.1 5.05 Exercised (0.1 ) 16.45 Expired/Canceled (0.1 ) 6.55 Balance as of September 30, 2019 1.0 $ 4.95 8.2 $ 19.6 As of September 30, 2019: Vested and expected-to-vest options 1.0 $ 4.95 8.2 $ 19.6 Exercisable options 0.2 $ 4.09 7.7 $ 3.5 Restricted Stock Unit and Performance Share Award Activities The Company’s RSU and PSA activity and related information as of and for the nine months ended September 30, 2019 were as follows (in millions, except per share amounts and years): Outstanding RSUs, RSAs and PSAs (4) Number of Shares Weighted Average Grant-Date Fair Value per Share Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of December 31, 2018 17.4 $ 25.32 RSUs granted (1)(3) 7.3 25.36 RSUs assumed upon the acquisition of Mist 0.1 25.81 RSAs assumed upon the acquisition of Mist 0.7 27.20 PSAs granted (2)(3) 1.5 25.06 RSUs vested (4.7 ) 25.93 RSAs vested (0.1 ) 23.10 PSAs vested (0.5 ) 26.77 RSUs canceled (2.0 ) 26.03 PSAs canceled (0.9 ) 23.64 Balance as of September 30, 2019 18.8 $ 25.20 1.2 $ 465.9 ________________________________ (1) Includes service-based and market-based RSUs. The number of shares subject to market-based condition represents the aggregate maximum number of shares that may be issued pursuant to the award over its full term. The aggregate number of shares subject to market-based conditions that would be issued if market criteria are achieved at target is 0.2 million shares. Depending on achievement of such market criteria, the range of shares that could be issued under these awards is zero to 0.4 million shares. (2) The number of shares subject to PSAs granted represents the aggregate maximum number of shares that may be issued pursuant to the award over its full term. The aggregate number of shares subject to these PSAs that would be issued if performance goals are achieved at target is 0.4 million shares. Depending on achievement of such performance goals, the range of shares that could be issued under these awards is zero to 0.7 million shares. (3) The grant date fair value of RSUs and PSAs was reduced by the present value of dividends expected to be paid on the underlying shares of common stock during the requisite and derived service period as these awards are not entitled to receive dividends until vested. During the nine months ended September 30, 2019 , the Company declared a quarterly cash dividend of $0.19 per share of common stock on January 29, 2019, April 25, 2019 and July 25, 2019. (4) 1.5 million shares of PSAs were modified during the nine months ended September 30, 2019 , which relate to PSAs granted in 2018 and PSAs assumed by the Company in connection with acquisitions consummated in 2016. Compensation cost resulting from the modifications totaled $30.2 million to be recognized over the remaining terms of the modified awards. Employee Stock Purchase Plan The following table summarizes employee stock purchases through the ESPP (in millions, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Shares purchased 1.2 1.2 2.4 2.5 Average exercise price per share $ 22.03 $ 22.39 $ 22.04 $ 22.31 The ESPP provides 24 month offering periods with four 6 -month purchase periods. A new 24 -month offering period will commence every six months thereafter. The purchase price for the Company’s common stock under the ESPP is 85% of the lower of the fair market value of the shares at (1) the beginning of the applicable offering period or (2) the end of each 6 -month purchase period during such offering period. The ESPP will continue in effect until February 25, 2028, unless terminated earlier under the provisions of the ESPP. Share-Based Compensation Expense Share-based compensation expense associated with stock options, RSUs, RSAs, PSAs, and the ESPP was recorded in the following cost and expense categories in the Condensed Consolidated Statements of Operations (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Cost of revenues - Product $ 0.8 $ 1.5 $ 4.3 $ 5.1 Cost of revenues - Service 4.1 4.5 13.0 14.2 Research and development 29.6 28.1 68.0 101.8 Sales and marketing 15.5 12.9 40.0 40.4 General and administrative 7.5 6.2 21.8 18.7 Total $ 57.5 $ 53.2 $ 147.1 $ 180.2 The following table summarizes share-based compensation expense by award type (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Stock options $ 2.3 $ 0.1 $ 5.6 $ 0.3 RSUs, RSAs, and PSAs 50.9 48.2 127.7 165.8 ESPP 4.3 4.9 13.8 14.1 Total $ 57.5 $ 53.2 $ 147.1 $ 180.2 As of September 30, 2019 , the total unrecognized compensation cost related to unvested share-based awards was $330.2 million to be recognized over a weighted-average period of 1.7

Segments

Segments	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segments	Note 12. Segments The Company operates in one reportable segment. The Company's chief executive officer, who is the chief operating decision maker, reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance, accompanied by disaggregated information about net revenues by product and service, customer vertical, and geographic region as presented below. The following table presents net revenues by product and service (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Routing $ 407.5 $ 496.4 $ 1,199.1 $ 1,395.1 Switching 241.6 221.1 633.6 705.9 Security 94.1 77.2 243.1 229.4 Total product 743.2 794.7 2,075.8 2,330.4 Total service 389.9 385.1 1,161.5 1,136.1 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5 The following table presents net revenues by customer vertical (*) (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Cloud $ 271.9 $ 257.1 $ 780.0 $ 812.4 Service Provider 452.5 545.3 1,335.3 1,550.3 Enterprise 408.7 377.4 1,122.0 1,103.8 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5 ________________________________ (*) Certain insignificant prior-period amounts have been reclassified to conform to the current-period presentation. The Company attributes revenues to geographic region based on the customer’s shipping address. The following table presents net revenues by geographic region (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Americas: United States $ 599.4 $ 597.1 $ 1,677.2 $ 1,754.2 Other 49.4 46.0 164.0 152.2 Total Americas 648.8 643.1 1,841.2 1,906.4 Europe, Middle East, and Africa 301.5 329.9 879.6 946.8 Asia Pacific 182.8 206.8 516.5 613.3 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 13. Income Taxes The following table provides details of income taxes (in millions, except percentages): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Income before income taxes $ 118.1 $ 152.0 $ 240.4 $ 344.3 Income tax provision (benefit) $ 18.8 $ (71.8 ) $ 63.8 $ (30.4 ) Effective tax rate (benefit) 15.9 % (47.2 )% 26.5 % (8.8 )% The Company’s effective tax rate differs from the statutory rate of 21% , primarily due to the tax impact of state taxes, geographic mix of earnings including foreign-derived intangible income deductions and global intangible low-taxed income, research and development (“R&D") tax credits, tax audit settlements, nondeductible compensation, international realignments, and transfer pricing adjustments. The Company's effective tax rate during the three and nine months ended September 30, 2019 reflects a benefit of discrete items, including the recognition of $8.3 million in previously unrecognized tax benefits, including interest, due to a lapse in statutes of limitations partially offset by the impact of an international realignment including the write-down of certain deferred tax assets and the inability to fully benefit certain discrete charges recorded in prior quarters. The Company’s effective tax rate during the three and nine months ended September 30, 2018 included a $67.6 million in previously unrecognized tax benefits, including interest, due to a lapse in statutes of limitations and a $33.2 million benefit as a result of filing a change in accounting method for the tax recognition of deferred product revenue. As of September 30, 2019 , the total amount of gross unrecognized tax benefits was $174.9 million , of which $171.9 million , if recognized, would affect the effective tax rate. The Company engages in continuous discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. It is reasonably possible that the balance of unrecognized tax benefits could decrease by up to $32.6 million

Net Income Per Share

Net Income Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Income Per Share	Note 14. Net Income per Share The Company computed basic and diluted net income per share as follows (in millions, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Numerator: Net income $ 99.3 $ 223.8 $ 176.6 $ 374.7 Denominator: Weighted-average shares used to compute basic net income per share 342.2 346.2 345.5 350.1 Dilutive effect of employee stock awards 3.3 4.3 4.6 5.1 Weighted-average shares used to compute diluted net income per share 345.5 350.5 350.1 355.2 Net income per share Basic $ 0.29 $ 0.65 $ 0.51 $ 1.07 Diluted $ 0.29 $ 0.64 $ 0.50 $ 1.05 Anti-dilutive shares 2.8 4.2 2.7 5.0

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 15. Commitments and Contingencies Commitments Except for the items below, there have been no material changes to the Company's commitments compared to the commitments described in Note 16, Commitments and Contingencies , in Notes to Consolidated Financial Statements in Item 8 of Part II of the Form 10-K. Leases The Company leases its facilities and certain equipment under non-cancelable operating leases that have remaining lease terms of 1 to 11 years and 1 to 5 years, respectively. Each leased facility is subject to an individual lease or sublease, which could provide various options to extend or terminate the lease agreement. Facilities are primarily comprised of corporate offices, data centers, and R&D facilities. Equipment includes vehicles and various office equipment. The Company also has variable lease payments that are primarily comprised of common area maintenance and utility charges. The Company's lease agreements do not contain any residual value guarantees or restrictive covenants. The components of lease costs and other information related to leases were as follows (in millions, except years and percentages): Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease cost $ 12.2 $ 38.1 Variable lease cost 3.4 9.1 Total lease cost $ 15.6 $ 47.2 Operating cash outflows from operating leases $ 12.7 $ 36.4 ROU assets obtained in exchange for new operating lease liabilities $ 3.9 $ 5.1 Weighted average remaining lease term (years) 6.0 6.0 Weighted average discount rate 4.4 % 4.4 % As of September 30, 2019 , future minimum operating lease payments for each of the next five years and thereafter is as follows (in millions): Years Ending December 31, Amount 2019 $ 10.5 2020 49.9 2021 42.4 2022 34.5 2023 30.4 Thereafter 63.7 Total lease payments 231.4 Less: interest (27.5 ) Total $ 203.9 Balance Sheet Information Other accrued liabilities 40.4 Long-term operating lease liabilities 163.5 Total $ 203.9 Purchase Commitments with Contract Manufacturers and Suppliers In order to reduce manufacturing lead times and in the interest of having access to adequate component supply, the Company enters into agreements with contract manufacturers and certain suppliers to procure inventory based on the Company's requirements. A significant portion of the Company's purchase commitments arising from these agreements consists of firm and non-cancelable commitments. These purchase commitments totaled $1,370.5 million as of September 30, 2019 . The Company establishes a liability in connection with purchase commitments related to quantities in excess of its demand forecasts or obsolete materials charges for components purchased by the contract manufacturers based on the Company’s demand forecast or customer orders. As of September 30, 2019 , the Company had accrued $29.7 million based on its estimate of such charges. Legal Proceedings Investigations The Company previously disclosed that it has been the subject of investigations by the U.S. Securities and Exchange Commission ("SEC") and the U.S. Department of Justice ("DOJ") into possible violations by the Company of the U.S. Foreign Corrupt Practices Act. In cooperation with these investigations, the Company and the Audit Committee of the Board of Directors, with the assistance of outside counsel and other independent advisors, conducted a thorough internal investigation. As a result of its internal investigation, the Company made significant improvements in its internal controls and carried out a number of disciplinary actions. In the fourth quarter of 2017, the DOJ notified the Company that the DOJ has closed its investigation related to these matters without taking any action against the Company, and in August 2019, the Company, without admitting or denying any fault or wrongdoing, entered into a settlement with the SEC that resolved this government investigation. As part of the settlement with the SEC, the Company made a payment of $11.8 million . The Company had previously accrued approximately $12.0 million with respect to these matters. Other Litigations and Investigations In addition to the investigations discussed above, the Company is involved in other investigations, disputes, litigations, and legal proceedings. The Company records an accrual for loss contingencies for legal proceedings when it believes that an unfavorable outcome is both (a) probable and (b) the amount or range of any possible loss is reasonably estimable. The Company intends to aggressively defend itself in these matters, and while there can be no assurances and the outcome of these matters is currently not determinable, the Company currently believes that none of these existing claims or proceedings are likely to have a material adverse effect on its financial position. Notwithstanding the foregoing, there are many uncertainties associated with any litigation and these matters or other third-party claims against the Company may cause the Company to incur costly litigation and/or substantial settlement charges. In addition, the resolution of any intellectual property litigation may require the Company to make royalty payments, which could adversely affect gross margins in future periods. If any of those events were to occur, the Company's business, financial condition, results of operations, and cash flows could be adversely affected. The actual liability in any such matters may be materially different from the Company's estimates, if any, which could result in the need to adjust the liability and record additional expenses.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events Dividend Declaration On October 24, 2019 , the Company announced that the Board declared a cash dividend of $0.19 per share of common stock to be paid on December 23, 2019 to stockholders of record as of the close of business on December 2, 2019 . Stock Repurchase Program and Activities On October 24, 2019 , the Company announced that the Board authorized the repurchase of up to an additional $1.0 billion of common stock under the 2018 Stock Repurchase Program. On October 28, 2019, the Company entered into an ASR with a financial institution to repurchase an aggregate of $200.0 million of the Company's outstanding common stock. The Company made an up-front payment of $200.0 million pursuant to the ASR and received and retired an initial 6.4 million shares of the Company's common stock for an aggregate price of $160.0 million based on the market value of the Company's common stock on the date of the transaction. The Company has an aggregate of $1.7 billion of authorized funds remaining under the 2018 Stock Repurchase Program, as of the filing date of this Quarterly Report on Form 10-Q. Future share repurchases under the 2018 Stock Repurchase Program will be subject to a review of the circumstances at that time and will be made from time to time in private transactions or open market purchases as permitted by securities laws and other legal requirements. The Company's 2018 Stock Repurchase Program does not have a specified termination date, but may be discontinued at any time.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited Condensed Consolidated Financial Statements of Juniper Networks, Inc. (the “Company” or “Juniper”) have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. The Condensed Consolidated Balance Sheet as of December 31, 2018 has been derived from the audited Consolidated Financial Statements at that date. In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 , or any future period. The information included in this Quarterly Report on Form 10-Q (“Report”) should be read in conjunction with the “Management's Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors,” “Quantitative and Qualitative Disclosures About Market Risk,” and the Consolidated Financial Statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018
Use of Estimates	The preparation of the financial statements and related disclosures in accordance with U.S. GAAP requires the Company to make judgments, assumptions, and estimates that affect the amounts reported in the Condensed Consolidated Financial Statements and the accompanying notes. Actual results could differ materially from those estimates under different assumptions or conditions.
Recently Adopted Accounting Standards and Recent Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards Cloud Computing Arrangement: On January 1, 2019, the Company early adopted FASB ASU No. 2018-15 (Subtopic 350-40) Intangibles — Goodwill and Other-Internal-Use Software: Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which provides guidance on a customer's accounting for implementation, set-up, and other upfront costs incurred in a cloud computing arrangement that is hosted by a service contract. The Company has adopted the standard prospectively, and the adoption did not have a material impact on all applicable implementation costs incurred after the adoption date. Derivatives and Hedging: On January 1, 2019, the Company adopted FASB ASU No. 2017-12 (Topic 815) Derivatives and Hedging — Targeted Improvements to Accounting for Hedging Activities , and an amendment thereafter, which expands an entity's ability to hedge financial and nonfinancial risk components and amends how companies assess effectiveness as well as changes to the presentation and disclosure requirements. The Company adopted the standard under the modified retrospective approach, and its amendment and presentation and disclosure requirements on a prospective basis. The adoption did not have a material impact on the Condensed Consolidated Financial Statements. See Note 6 , Derivative Instruments for additional disclosures required upon adopting the standard. Amortization on Purchased Callable Debt Securities: On January 1, 2019, the Company adopted FASB ASU No. 2017-08 Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities, which shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The standard will not impact debt securities held at a discount. The Company adopted the standard under the modified retrospective approach. The adoption did not have a material impact on the Condensed Consolidated Financial Statements. Leases: On January 1, 2019, the Company adopted FASB ASU No. 2016-02, Leases (Topic 842) , and the related subsequent amendments ("ASC 842"), which require recognition by the lessees of right-of-use ("ROU") assets and lease liabilities for most leases on the Company's Condensed Consolidated Balance Sheets. The Company adopted the new standard under the modified retrospective approach and recorded a cumulative-effect adjustment to the opening balance of accumulated deficit as of the effective date. Under the modified retrospective method, financial results reported in periods prior to 2019 are unchanged. The Company elected the package of practical expedients, which did not require the reassessment of existing leases under the new guidance. The Company also elected not to separate non-lease components from lease components and to not recognize ROU assets and lease liabilities for short-term leases. The cumulative effect of the adjustments made to the Company's Condensed Consolidated Balance Sheet as of the adoption date is detailed as follows (in millions): December 31, 2018 January 1, 2019 As reported Adjustments due to ASC 842 As adjusted Assets: Prepaid expenses and other current assets $ 268.1 $ (1.4 ) $ 266.7 Property and equipment, net 951.7 (42.9 ) 908.8 Operating lease assets — 192.5 192.5 Other long-term assets 403.5 1.3 404.8 Total assets $ 9,363.3 $ 149.5 $ 9,512.8 Liabilities: Other accrued liabilities $ 233.5 $ 35.6 $ 269.1 Long-term operating lease liabilities — 185.5 185.5 Other long-term liabilities 119.8 (66.7 ) 53.1 Total liabilities $ 4,540.1 $ 154.4 $ 4,694.5 Stockholders' equity: Accumulated deficit $ (2,831.4 ) $ (4.9 ) $ (2,836.3 ) The adoption of the standard had no impact on the Company's Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows or debt-covenant compliance under its current agreements. See Note 15 , Commitments and Contingencies , for additional disclosures required upon adopting the standard. Leases The Company determines if an arrangement is a lease at inception. The Company evaluates classification of leases at commencement and, as necessary, at modification. As of September 30, 2019 , the Company did not have any finance leases. Operating leases are included in operating lease ROU assets, other accrued liabilities, and operating lease liabilities on the Company's Condensed Consolidated Balance Sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. The operating lease ROU asset also includes any lease payments made prior to lease commencement and excludes lease incentives. Variable lease payments not dependent on an index or a rate, are expensed as incurred and are not included within the ROU asset and lease liability calculation. Variable lease payments primarily include reimbursements of costs incurred by lessors for common area maintenance and utilities. The Company's lease terms are the noncancelable period, including any rent-free periods provided by the lessor, and include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. At lease inception, and in subsequent periods as necessary, the Company estimates the lease term based on its assessment of extension and termination options that are reasonably certain to be exercised. Lease costs are recognized on a straight-line basis over the lease term. The Company does not separate non-lease components from lease components for all underlying classes of assets. In addition, the Company does not recognize ROU assets and lease liabilities for short-term leases, which have a lease term of twelve months or less and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. Lease cost for short-term leases is recognized on a straight-line basis over the lease term. Recent Accounting Standards Not Yet Adopted Fair Value Measurement: In August 2018, the FASB issued ASU No. 2018-13 (Topic 820) Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, adds, and modifies certain disclosure requirements for fair value measurements under ASC 820. This ASU is to be applied on a prospective basis for certain modified or new disclosure requirements, and all other amendments in the standard are to be applied on a retrospective basis. The new standard is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of adoption on the Consolidated Financial Statements. Simplifying the Test for Goodwill Impairment: In January 2017, the FASB issued ASU No. 2017-04 (Topic 350) Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairmen t, which removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Under the amended guidance, a goodwill impairment charge will now be recognized for the amount by which the carrying value of a reporting unit exceeds its fair value, not to exceed the carrying amount of goodwill. This ASU will be applied on a prospective basis and is effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted for any impairment tests performed after January 1, 2017. The Company does not expect the adoption to have a material impact on the Consolidated Financial Statements. Credit Losses on Financial Instruments: In June 2016, the FASB issued ASU No. 2016-13 (Topic 326) Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments , which provides more decision-useful information about the expected credit losses on financial instruments and changes the loss impairment methodology. An amendment issued by the FASB in November 2018 clarifies that receivables arising from operating leases are not within the scope of Topic 326 and should be accounted for in accordance with Topic 842. This pronouncement and its amendments are effective for reporting periods beginning after December 15, 2019, and interim periods within those fiscal years, using a modified retrospective adoption method. Early adoption is permitted. The Company is currently evaluating the impact of adoption on the Consolidated Financial Statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of new accounting pronouncements and changes in accounting principles	The cumulative effect of the adjustments made to the Company's Condensed Consolidated Balance Sheet as of the adoption date is detailed as follows (in millions): December 31, 2018 January 1, 2019 As reported Adjustments due to ASC 842 As adjusted Assets: Prepaid expenses and other current assets $ 268.1 $ (1.4 ) $ 266.7 Property and equipment, net 951.7 (42.9 ) 908.8 Operating lease assets — 192.5 192.5 Other long-term assets 403.5 1.3 404.8 Total assets $ 9,363.3 $ 149.5 $ 9,512.8 Liabilities: Other accrued liabilities $ 233.5 $ 35.6 $ 269.1 Long-term operating lease liabilities — 185.5 185.5 Other long-term liabilities 119.8 (66.7 ) 53.1 Total liabilities $ 4,540.1 $ 154.4 $ 4,694.5 Stockholders' equity: Accumulated deficit $ (2,831.4 ) $ (4.9 ) $ (2,836.3 )

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Summary of Estimated Fair Value of Assets Acquired	The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (in millions): Amount Cash and cash equivalents $ 38.9 Goodwill 228.9 Intangible assets 102.0 Other assets acquired 15.8 Liabilities assumed (26.4 ) Total $ 359.2
Summary of the Fair Value of Separately Identifiable Intangible Assets Acquired	The following table summarizes the fair value of the separately identifiable intangible assets at the time of acquisition (in millions): Amount Intangible assets (*) : Developed technology $ 81.0 Customer relationships 15.0 Trade name 6.0 Total intangible assets acquired $ 102.0 ________________________________ (*) Estimated useful life of each of the assets is 5 years.

Cash Equivalents and Investme_2

Cash Equivalents and Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Cash Equivalents and Investments [Abstract]
Unrealized gains and losses and fair value of available-for-sale debt securities	The following table summarizes the Company's unrealized gains and losses and fair value of investments designated as available-for-sale debt securities as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, 2019 As of December 31, 2018 Amortized Gross Unrealized Gross Unrealized Estimated Fair Amortized Gross Unrealized Gross Unrealized Estimated Fair Fixed income securities: Asset-backed securities $ 77.4 $ 0.1 $ — $ 77.5 $ 46.8 $ — $ (0.3 ) $ 46.5 Certificates of deposit 70.6 — (0.1 ) 70.5 152.9 — — 152.9 Commercial paper 259.9 — — 259.9 393.6 — — 393.6 Corporate debt securities 713.0 0.6 (0.3 ) 713.3 416.1 — (3.1 ) 413.0 Foreign government debt securities 15.2 — — 15.2 20.0 — (0.1 ) 19.9 Time deposits 17.4 — — 17.4 278.6 — — 278.6 U.S. government agency securities 52.0 — — 52.0 87.2 — (0.2 ) 87.0 U.S. government securities 578.7 0.4 (0.4 ) 578.7 811.8 — (0.5 ) 811.3 Total fixed income securities 1,784.2 1.1 (0.8 ) 1,784.5 2,207.0 — (4.2 ) 2,202.8 Privately-held debt and redeemable preferred stock securities 16.1 37.4 — 53.5 16.6 37.4 — 54.0 Total available-for-sale debt securities $ 1,800.3 $ 38.5 $ (0.8 ) $ 1,838.0 $ 2,223.6 $ 37.4 $ (4.2 ) $ 2,256.8 Reported as: Cash equivalents $ 163.2 $ — $ — $ 163.2 $ 936.5 $ — $ — $ 936.5 Short-term investments 1,039.4 0.9 (0.1 ) 1,040.2 1,069.2 — (1.9 ) 1,067.3 Long-term investments 581.6 0.2 (0.7 ) 581.1 201.3 — (2.3 ) 199.0 Other long-term assets 16.1 37.4 — 53.5 16.6 37.4 — 54.0 Total $ 1,800.3 $ 38.5 $ (0.8 ) $ 1,838.0 $ 2,223.6 $ 37.4 $ (4.2 ) $ 2,256.8
Maturities of fixed income securities	The following table presents the contractual maturities of the Company's total fixed income securities as of September 30, 2019 (in millions): Amortized Cost Estimated Fair Value Due in less than one year $ 1,202.6 $ 1,203.4 Due between one and five years 581.6 581.1 Total $ 1,784.2 $ 1,784.5
Available-for-sale securities in unrealized loss position	The following tables present the Company's total fixed income securities that were in an unrealized loss position as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fixed income securities: Asset-backed securities $ 11.3 $ — $ 12.0 $ — $ 23.3 $ — Certificates of deposit 4.9 (0.1 ) — — 4.9 (0.1 ) Corporate debt securities 222.6 (0.3 ) 64.3 — 286.9 (0.3 ) Foreign government debt securities — — 6.8 — 6.8 — U.S. government agency securities 46.0 — — — 46.0 — U.S. government securities 203.5 (0.4 ) 4.0 — 207.5 (0.4 ) Total fixed income securities $ 488.3 $ (0.8 ) $ 87.1 $ — $ 575.4 $ (0.8 ) As of December 31, 2018 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fixed income securities: Asset-backed securities $ 3.1 $ — $ 43.0 $ (0.3 ) $ 46.1 $ (0.3 ) Corporate debt securities 72.6 (0.1 ) 330.7 (3.0 ) 403.3 (3.1 ) Foreign government debt securities 1.5 — 18.4 (0.1 ) 19.9 (0.1 ) U.S. government agency securities 2.0 — 45.2 (0.2 ) 47.2 (0.2 ) U.S. government securities 344.0 — 63.5 (0.5 ) 407.5 (0.5 ) Total fixed income securities $ 423.2 $ (0.1 ) $ 500.8 $ (4.1 ) $ 924.0 $ (4.2 )
Schedule of investments in equity securities	The following table presents the Company's investments in equity securities as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, December 31, Equity investments with readily determinable fair value Money market funds (1) $ 611.9 $ 996.9 Mutual funds (2) 26.4 24.3 Publicly-traded equity securities 0.6 2.8 Equity investments without readily determinable fair value 40.9 36.4 Total equity securities $ 679.8 $ 1,060.4 Reported as: Cash equivalents $ 607.5 $ 985.3 Short-term investments 0.6 2.8 Prepaid expenses and other current assets 5.2 10.9 Other long-term assets 66.5 61.4 Total $ 679.8 $ 1,060.4 ________________________________ (1) Balance includes $4.4 million and $11.6 million in restricted investments measured at fair value, related to the Company's acquisition-related escrow accounts as of September 30, 2019 and December 31, 2018 , respectively. (2) Balance relates to restricted investments measured at fair value related to the Company's Deferred Compensation Plan.
Schedule of reconciliation of cash, cash equivalents and restricted cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash included in the Condensed Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018 (in millions): As of September 30, December 31, Cash and cash equivalents $ 1,204.8 $ 2,489.0 Restricted cash included in Prepaid expenses and other current assets 61.2 16.8 Total cash, cash equivalents, and restricted cash $ 1,266.0 $ 2,505.8

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following table provides a summary of assets and liabilities measured at fair value on a recurring basis and as reported in the Condensed Consolidated Balance Sheets (in millions): Fair Value Measurements at Fair Value Measurements at Quoted Prices in Significant Other Significant Other Total Quoted Prices in Significant Other Significant Other Total Assets: Available-for-sale debt securities: Asset-backed securities $ — $ 77.5 $ — $ 77.5 $ — $ 46.5 $ — $ 46.5 Certificates of deposit — 70.5 — 70.5 — 152.9 — 152.9 Commercial paper — 259.9 — 259.9 — 393.6 — 393.6 Corporate debt securities — 713.3 — 713.3 — 413.0 — 413.0 Foreign government debt securities — 15.2 — 15.2 — 19.9 — 19.9 Time deposits — 17.4 — 17.4 — 278.6 — 278.6 U.S. government agency securities — 52.0 — 52.0 — 87.0 — 87.0 U.S. government securities 454.6 124.1 — 578.7 352.8 458.5 — 811.3 Privately-held debt and redeemable preferred stock securities — — 53.5 53.5 — — 54.0 54.0 Total available-for-sale debt securities 454.6 1,329.9 53.5 1,838.0 352.8 1,850.0 54.0 2,256.8 Equity securities: Money market funds 611.9 — — 611.9 996.9 — — 996.9 Mutual funds 26.4 — — 26.4 24.3 — — 24.3 Publicly-traded equity securities 0.6 — — 0.6 2.8 — — 2.8 Total equity securities 638.9 — — 638.9 1,024.0 — — 1,024.0 Derivative assets: Foreign exchange contracts — 2.5 — 2.5 — 5.3 — 5.3 Interest rate swap contracts — 1.3 — 1.3 — — — — Total derivative assets — 3.8 — 3.8 — 5.3 — 5.3 Total assets measured at fair value $ 1,093.5 $ 1,333.7 $ 53.5 $ 2,480.7 $ 1,376.8 $ 1,855.3 $ 54.0 $ 3,286.1 Liabilities: Derivative liabilities: Foreign exchange contracts $ — $ (14.2 ) $ — $ (14.2 ) $ — $ (7.1 ) $ — $ (7.1 ) Interest rate swap contracts — (0.2 ) — (0.2 ) — — — — Total derivative liabilities — (14.4 ) — (14.4 ) — (7.1 ) — (7.1 ) Total liabilities measured at fair value $ — $ (14.4 ) $ — $ (14.4 ) $ — $ (7.1 ) $ — $ (7.1 ) Total assets, reported as: Cash equivalents $ 621.5 $ 149.3 $ — $ 770.8 $ 1,025.2 $ 896.6 $ — $ 1,921.8 Short-term investments 221.7 819.1 — 1,040.8 297.5 772.6 — 1,070.1 Long-term investments 219.6 361.5 — 581.1 18.2 180.8 — 199.0 Prepaid expenses and other current assets 5.2 2.5 — 7.7 10.8 5.3 — 16.1 Other long-term assets 25.5 1.3 53.5 80.3 25.1 — 54.0 79.1 Total assets measured at fair value $ 1,093.5 $ 1,333.7 $ 53.5 $ 2,480.7 $ 1,376.8 $ 1,855.3 $ 54.0 $ 3,286.1 Fair Value Measurements at September 30, 2019 Fair Value Measurements at December 31, 2018 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Remaining Inputs (Level 2) Significant Other Unobservable Remaining Inputs (Level 3) Total Quoted Prices in (Level 1) Significant Other (Level 2) Significant Other (Level 3) Total Total liabilities, reported as: Other accrued liabilities $ — $ (14.2 ) $ — $ (14.2 ) $ — $ (7.1 ) $ — $ (7.1 ) Other long-term liabilities — (0.2 ) — (0.2 ) — — — — Total liabilities measured at fair value $ — $ (14.4 ) $ — $ (14.4 ) $ — $ (7.1 ) $ — $ (7.1 )

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative instruments	The notional amount of the Company's derivatives is summarized as follows (in millions): As of September 30, December 31, Designated derivatives: Cash flow hedges $ 533.4 $ 497.7 Interest rate swap contracts 300.0 — Total designated derivatives 833.4 497.7 Non-designated derivatives 161.9 158.7 Total $ 995.3 $ 656.4

Other Financial Information (Ta

Other Financial Information (Tables)	9 Months Ended
	Sep. 30, 2019
Other Financial Information [Abstract]
Inventories	Total inventory consisted of the following (in millions): As of September 30, December 31, Production and service materials $ 68.1 $ 60.6 Finished goods 25.3 21.4 Inventory $ 93.4 $ 82.0 Reported as: Prepaid expenses and other current assets $ 90.1 $ 80.6 Other long-term assets 3.3 1.4 Total $ 93.4 $ 82.0
Warranties	Changes during the nine months ended September 30, 2019 in the Company’s warranty reserve as reported within other accrued liabilities in the Condensed Consolidated Balance Sheets were as follows (in millions): Balance as of December 31, 2018 $ 28.0 Provisions made during the period 28.5 Actual costs incurred during the period (25.0 ) Balance as of September 30, 2019 $ 31.5
Deferred revenue	Details of the Company's deferred revenue, as reported in the Condensed Consolidated Balance Sheets, were as follows (in millions): As of September 30, December 31, Deferred product revenue: Undelivered product commitments and other product deferrals $ 138.4 $ 163.3 Deferred gross product revenue 138.4 163.3 Deferred cost of product revenue (9.4 ) (18.9 ) Deferred product revenue, net 129.0 144.4 Deferred service revenue 989.7 1,069.2 Total $ 1,118.7 $ 1,213.6 Reported as: Current $ 741.6 $ 829.3 Long-term 377.1 384.3 Total $ 1,118.7 $ 1,213.6
Performance obligation	The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of September 30, 2019 and when the Company expects to recognize the amounts as gross revenue (in millions): Revenue Recognition Expected by Period Total Less than 1 year 1-3 years More than 3 years Product $ 138.4 $ 114.5 $ 21.1 $ 2.8 Service 998.2 645.0 297.3 55.9 Total $ 1,136.6 $ 759.5 $ 318.4 $ 58.7
Other income (expense), net	Other expense, net, consisted of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest income $ 19.7 $ 18.9 $ 63.0 $ 49.8 Interest expense (22.1 ) (25.8 ) (68.3 ) (77.7 ) Loss on extinguishment of debt (15.3 ) — (15.3 ) — Loss on investments, net (3.4 ) (1.9 ) (4.6 ) (1.8 ) Other 0.7 0.7 2.0 (1.4 ) Other expense, net $ (20.4 ) $ (8.1 ) $ (23.2 ) $ (31.1 )

Restructuring (Benefits) Charge

Restructuring (Benefits) Charges (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Schedule of restructuring liabilities	The following table provides a summary of changes in the restructuring liabilities for the Company's 2019 and prior year restructuring plans (in millions): December 31, Charges Cash Payments Other September 30, Severance $ 1.1 $ 21.8 $ (20.7 ) $ — $ 2.2 Facility consolidations — 2.1 (0.1 ) (2.0 ) — Contract terminations — 11.7 (10.9 ) (0.2 ) 0.6 Total $ 1.1 $ 35.6 $ (31.7 ) $ (2.2 ) $ 2.8

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Summary of total debt	The following table summarizes the Company's total debt (in millions, except percentages): As of September 30, 2019 Issuance date Maturity Date Amount Effective Interest Rates Senior Notes ("Notes"): 4.500% fixed-rate notes (1) ("2024 Notes") March 2014 March 2024 $ 350.0 4.63 % 4.500% fixed-rate notes (1) ("2024 Notes") February 2016 March 2024 150.0 4.87 % 4.350% fixed-rate notes ("2025 Notes") March 2015 June 2025 300.0 4.47 % 3.750% fixed-rate notes ("2029 Notes") August 2019 August 2029 500.0 3.86 % 5.950% fixed-rate notes ("2041 Notes") March 2011 March 2041 400.0 6.03 % Total Notes 1,700.0 Unaccreted discount and debt issuance costs (13.5 ) Hedge accounting fair value adjustments (2) 1.1 Total $ 1,687.6 ________________________________ (1) 2024 Notes issued in March 2014 and February 2016 form a single series and are fully fungible. (2) Represents the fair value adjustments for interest rate swap contracts with an aggregate notional amount of $300.0 million designated as fair value hedges of our fixed-rate 2041 Notes. See Note 6 , Derivative Instruments , for a discussion of the Company's interest rate swaps.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Summary of dividends paid and stock repurchases and retirements under stock repurchase program	The following table summarizes dividends paid, stock repurchases and retirements under the Company's stock repurchase program (in millions, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Dividends Per share $ 0.19 $ 0.18 $ 0.57 $ 0.54 Amount $ 64.7 $ 62.1 $ 196.4 $ 187.0 Repurchased under the 2018 Stock Repurchase Program Shares 5.1 6.0 13.7 29.3 Average price per share (*) $ 24.90 $ 25.62 $ 25.45 $ 25.62 Amount $ 50.0 $ — $ 350.0 $ 750.0 ________________________________ (*) Represents the average price per share of the ASR and open market purchases for the three and nine months ended September 30, 2019 .
Components of accumulated other comprehensive loss, net of taxes	The components of accumulated other comprehensive loss, net of related taxes, for the nine months ended September 30, 2019 were as follows (in millions): Unrealized Gains/Losses on Available-for- Sale Debt Securities Unrealized Gains/Losses on Cash Flow Hedges Foreign Currency Translation Adjustments Total Balance as of December 31, 2018 $ 25.5 $ (0.9 ) $ (42.8 ) $ (18.2 ) Other comprehensive income before reclassifications 3.8 (12.3 ) (3.0 ) (11.5 ) Amount reclassified from accumulated other comprehensive loss (0.1 ) 3.0 — 2.9 Other comprehensive income, net 3.7 (9.3 ) (3.0 ) (8.6 ) Balance as of September 30, 2019 $ 29.2 $ (10.2 ) $ (45.8 ) $ (26.8 )

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of stock option activity and related information	The following table summarizes the Company’s stock option activity and related information as of and for the nine months ended September 30, 2019 (in millions, except for per share amounts and years): Outstanding Options Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of December 31, 2018 0.1 $ 20.66 Assumed upon the acquisition of Mist 1.1 5.05 Exercised (0.1 ) 16.45 Expired/Canceled (0.1 ) 6.55 Balance as of September 30, 2019 1.0 $ 4.95 8.2 $ 19.6 As of September 30, 2019: Vested and expected-to-vest options 1.0 $ 4.95 8.2 $ 19.6 Exercisable options 0.2 $ 4.09 7.7 $ 3.5
Schedule of nonvested share activity	The Company’s RSU and PSA activity and related information as of and for the nine months ended September 30, 2019 were as follows (in millions, except per share amounts and years): Outstanding RSUs, RSAs and PSAs (4) Number of Shares Weighted Average Grant-Date Fair Value per Share Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of December 31, 2018 17.4 $ 25.32 RSUs granted (1)(3) 7.3 25.36 RSUs assumed upon the acquisition of Mist 0.1 25.81 RSAs assumed upon the acquisition of Mist 0.7 27.20 PSAs granted (2)(3) 1.5 25.06 RSUs vested (4.7 ) 25.93 RSAs vested (0.1 ) 23.10 PSAs vested (0.5 ) 26.77 RSUs canceled (2.0 ) 26.03 PSAs canceled (0.9 ) 23.64 Balance as of September 30, 2019 18.8 $ 25.20 1.2 $ 465.9 ________________________________ (1) Includes service-based and market-based RSUs. The number of shares subject to market-based condition represents the aggregate maximum number of shares that may be issued pursuant to the award over its full term. The aggregate number of shares subject to market-based conditions that would be issued if market criteria are achieved at target is 0.2 million shares. Depending on achievement of such market criteria, the range of shares that could be issued under these awards is zero to 0.4 million shares. (2) The number of shares subject to PSAs granted represents the aggregate maximum number of shares that may be issued pursuant to the award over its full term. The aggregate number of shares subject to these PSAs that would be issued if performance goals are achieved at target is 0.4 million shares. Depending on achievement of such performance goals, the range of shares that could be issued under these awards is zero to 0.7 million shares. (3) The grant date fair value of RSUs and PSAs was reduced by the present value of dividends expected to be paid on the underlying shares of common stock during the requisite and derived service period as these awards are not entitled to receive dividends until vested. During the nine months ended September 30, 2019 , the Company declared a quarterly cash dividend of $0.19 per share of common stock on January 29, 2019, April 25, 2019 and July 25, 2019. (4) 1.5 million shares of PSAs were modified during the nine months ended September 30, 2019 , which relate to PSAs granted in 2018 and PSAs assumed by the Company in connection with acquisitions consummated in 2016. Compensation cost resulting from the modifications totaled $30.2 million to be recognized over the remaining terms of the modified awards.
Schedule of employee stock purchases through ESPP	The following table summarizes employee stock purchases through the ESPP (in millions, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Shares purchased 1.2 1.2 2.4 2.5 Average exercise price per share $ 22.03 $ 22.39 $ 22.04 $ 22.31
Schedule of employee service share-based compensation, allocation of recognized period costs	Share-based compensation expense associated with stock options, RSUs, RSAs, PSAs, and the ESPP was recorded in the following cost and expense categories in the Condensed Consolidated Statements of Operations (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Cost of revenues - Product $ 0.8 $ 1.5 $ 4.3 $ 5.1 Cost of revenues - Service 4.1 4.5 13.0 14.2 Research and development 29.6 28.1 68.0 101.8 Sales and marketing 15.5 12.9 40.0 40.4 General and administrative 7.5 6.2 21.8 18.7 Total $ 57.5 $ 53.2 $ 147.1 $ 180.2
Disclosure of share-based compensation arrangements by share-based payment award	The following table summarizes share-based compensation expense by award type (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Stock options $ 2.3 $ 0.1 $ 5.6 $ 0.3 RSUs, RSAs, and PSAs 50.9 48.2 127.7 165.8 ESPP 4.3 4.9 13.8 14.1 Total $ 57.5 $ 53.2 $ 147.1 $ 180.2

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Financial information for each segment	The following table presents net revenues by product and service (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Routing $ 407.5 $ 496.4 $ 1,199.1 $ 1,395.1 Switching 241.6 221.1 633.6 705.9 Security 94.1 77.2 243.1 229.4 Total product 743.2 794.7 2,075.8 2,330.4 Total service 389.9 385.1 1,161.5 1,136.1 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5 The following table presents net revenues by customer vertical (*) (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Cloud $ 271.9 $ 257.1 $ 780.0 $ 812.4 Service Provider 452.5 545.3 1,335.3 1,550.3 Enterprise 408.7 377.4 1,122.0 1,103.8 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5 ________________________________ (*) Certain insignificant prior-period amounts have been reclassified to conform to the current-period presentation.
Disaggregation of revenue	The following table presents net revenues by product and service (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Routing $ 407.5 $ 496.4 $ 1,199.1 $ 1,395.1 Switching 241.6 221.1 633.6 705.9 Security 94.1 77.2 243.1 229.4 Total product 743.2 794.7 2,075.8 2,330.4 Total service 389.9 385.1 1,161.5 1,136.1 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5 The following table presents net revenues by customer vertical (*) (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Cloud $ 271.9 $ 257.1 $ 780.0 $ 812.4 Service Provider 452.5 545.3 1,335.3 1,550.3 Enterprise 408.7 377.4 1,122.0 1,103.8 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5 ________________________________ (*) Certain insignificant prior-period amounts have been reclassified to conform to the current-period presentation. The Company attributes revenues to geographic region based on the customer’s shipping address. The following table presents net revenues by geographic region (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Americas: United States $ 599.4 $ 597.1 $ 1,677.2 $ 1,754.2 Other 49.4 46.0 164.0 152.2 Total Americas 648.8 643.1 1,841.2 1,906.4 Europe, Middle East, and Africa 301.5 329.9 879.6 946.8 Asia Pacific 182.8 206.8 516.5 613.3 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5
Net revenues by geographic region	The Company attributes revenues to geographic region based on the customer’s shipping address. The following table presents net revenues by geographic region (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Americas: United States $ 599.4 $ 597.1 $ 1,677.2 $ 1,754.2 Other 49.4 46.0 164.0 152.2 Total Americas 648.8 643.1 1,841.2 1,906.4 Europe, Middle East, and Africa 301.5 329.9 879.6 946.8 Asia Pacific 182.8 206.8 516.5 613.3 Total $ 1,133.1 $ 1,179.8 $ 3,237.3 $ 3,466.5

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	The following table provides details of income taxes (in millions, except percentages): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Income before income taxes $ 118.1 $ 152.0 $ 240.4 $ 344.3 Income tax provision (benefit) $ 18.8 $ (71.8 ) $ 63.8 $ (30.4 ) Effective tax rate (benefit) 15.9 % (47.2 )% 26.5 % (8.8 )%

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	The Company computed basic and diluted net income per share as follows (in millions, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Numerator: Net income $ 99.3 $ 223.8 $ 176.6 $ 374.7 Denominator: Weighted-average shares used to compute basic net income per share 342.2 346.2 345.5 350.1 Dilutive effect of employee stock awards 3.3 4.3 4.6 5.1 Weighted-average shares used to compute diluted net income per share 345.5 350.5 350.1 355.2 Net income per share Basic $ 0.29 $ 0.65 $ 0.51 $ 1.07 Diluted $ 0.29 $ 0.64 $ 0.50 $ 1.05 Anti-dilutive shares 2.8 4.2 2.7 5.0

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Components of lease costs and other information related to leases	The components of lease costs and other information related to leases were as follows (in millions, except years and percentages): Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease cost $ 12.2 $ 38.1 Variable lease cost 3.4 9.1 Total lease cost $ 15.6 $ 47.2 Operating cash outflows from operating leases $ 12.7 $ 36.4 ROU assets obtained in exchange for new operating lease liabilities $ 3.9 $ 5.1 Weighted average remaining lease term (years) 6.0 6.0 Weighted average discount rate 4.4 % 4.4 %
Future minimum operating lease payments	As of September 30, 2019 , future minimum operating lease payments for each of the next five years and thereafter is as follows (in millions): Years Ending December 31, Amount 2019 $ 10.5 2020 49.9 2021 42.4 2022 34.5 2023 30.4 Thereafter 63.7 Total lease payments 231.4 Less: interest (27.5 ) Total $ 203.9 Balance Sheet Information Other accrued liabilities 40.4 Long-term operating lease liabilities 163.5 Total $ 203.9
Supplemental balance sheet information related to leases	As of September 30, 2019 , future minimum operating lease payments for each of the next five years and thereafter is as follows (in millions): Years Ending December 31, Amount 2019 $ 10.5 2020 49.9 2021 42.4 2022 34.5 2023 30.4 Thereafter 63.7 Total lease payments 231.4 Less: interest (27.5 ) Total $ 203.9 Balance Sheet Information Other accrued liabilities 40.4 Long-term operating lease liabilities 163.5 Total $ 203.9

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Cumulative Effect of Adjustments to the Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Assets:
Prepaid expenses and other current assets	$ 306.1	$ 266.7	$ 268.1
Property and equipment, net	848.7	908.8	951.7
Operating lease assets	171.9	192.5
Other long-term assets	430.4	404.8	403.5
Total assets	8,753.6	9,512.8	9,363.3
Liabilities:
Other accrued liabilities	275.4	269.1	233.5
Long-term operating lease liabilities	163.5	185.5
Other long-term liabilities	58.1	53.1	119.8
Total liabilities	4,111.2	4,694.5	4,540.1
Stockholders' Equity:
Accumulated deficit	$ (2,832.7)	(2,836.3)	$ (2,831.4)
Accounting Standards Update 2016-02
Assets:
Prepaid expenses and other current assets		(1.4)
Property and equipment, net		(42.9)
Operating lease assets		192.5
Other long-term assets		1.3
Total assets		149.5
Liabilities:
Other accrued liabilities		35.6
Long-term operating lease liabilities		185.5
Other long-term liabilities		(66.7)
Total liabilities		154.4
Stockholders' Equity:
Accumulated deficit		$ (4.9)

Business Combinations - Additi

Business Combinations - Additional Information (Details) - Mist $ in Millions	Apr. 01, 2019USD ($)
Business Acquisition [Line Items]
Percentage of voting interest acquired	100.00%
Consideration transferred	$ 359.2
Consideration transferred, cash	354.5
Consideration transferred, share-based awards	$ 4.7

Business Combinations - Estima

Business Combinations - Estimated Fair Value of Assets Acquired (Details) - USD ($) $ in Millions	Sep. 30, 2019	Apr. 01, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 3,338.3		$ 3,108.8
Mist
Business Acquisition [Line Items]
Cash and cash equivalents		$ 38.9
Goodwill		228.9
Intangible assets		102
Other assets acquired		15.8
Liabilities assumed		(26.4)
Total		$ 359.2

Business Combinations - Fair V

Business Combinations - Fair Value of Identifiable Intangible Assets Acquired (Details) - Mist $ in Millions	Apr. 01, 2019USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 102
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 81
Estimated useful life	5 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 15
Estimated useful life	5 years
Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 6
Estimated useful life	5 years

Cash Equivalents and Investme_3

Cash Equivalents and Investments - Available-For-Sale (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale debt securities:
Amortized Cost	$ 1,800.3	$ 2,223.6
Gross Unrealized Gains	38.5	37.4
Gross Unrealized Losses	(0.8)	(4.2)
Estimated Fair Value	1,838	2,256.8
Asset-backed securities
Available-for-sale debt securities:
Amortized Cost	77.4	46.8
Gross Unrealized Gains	0.1	0
Gross Unrealized Losses	0	(0.3)
Estimated Fair Value	77.5	46.5
Certificates of deposit
Available-for-sale debt securities:
Amortized Cost	70.6	152.9
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(0.1)	0
Estimated Fair Value	70.5	152.9
Commercial paper
Available-for-sale debt securities:
Amortized Cost	259.9	393.6
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	259.9	393.6
Corporate debt securities
Available-for-sale debt securities:
Amortized Cost	713	416.1
Gross Unrealized Gains	0.6	0
Gross Unrealized Losses	(0.3)	(3.1)
Estimated Fair Value	713.3	413
Foreign government debt securities
Available-for-sale debt securities:
Amortized Cost	15.2	20
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(0.1)
Estimated Fair Value	15.2	19.9
Time deposits
Available-for-sale debt securities:
Amortized Cost	17.4	278.6
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	17.4	278.6
U.S. government agency securities
Available-for-sale debt securities:
Amortized Cost	52	87.2
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(0.2)
Estimated Fair Value	52	87
U.S. government securities
Available-for-sale debt securities:
Amortized Cost	578.7	811.8
Gross Unrealized Gains	0.4	0
Gross Unrealized Losses	(0.4)	(0.5)
Estimated Fair Value	578.7	811.3
Fixed Income securities
Available-for-sale debt securities:
Amortized Cost	1,784.2	2,207
Gross Unrealized Gains	1.1	0
Gross Unrealized Losses	(0.8)	(4.2)
Estimated Fair Value	1,784.5	2,202.8
Privately-held debt and redeemable preferred stock securities
Available-for-sale debt securities:
Amortized Cost	16.1	16.6
Gross Unrealized Gains	37.4	37.4
Gross Unrealized Losses	0	0
Estimated Fair Value	53.5	54
Cash equivalents
Available-for-sale debt securities:
Amortized Cost	163.2	936.5
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	163.2	936.5
Short-term investments
Available-for-sale debt securities:
Amortized Cost	1,039.4	1,069.2
Gross Unrealized Gains	0.9	0
Gross Unrealized Losses	(0.1)	(1.9)
Estimated Fair Value	1,040.2	1,067.3
Long-term investments
Available-for-sale debt securities:
Amortized Cost	581.6	201.3
Gross Unrealized Gains	0.2	0
Gross Unrealized Losses	(0.7)	(2.3)
Estimated Fair Value	581.1	199
Other long-term assets
Available-for-sale debt securities:
Amortized Cost	16.1	16.6
Gross Unrealized Gains	37.4	37.4
Gross Unrealized Losses	0	0
Estimated Fair Value	$ 53.5	$ 54

Cash Equivalents and Investme_4

Cash Equivalents and Investments - Maturities of Fixed Income Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost
Amortized Cost	$ 1,800.3	$ 2,223.6
Estimated Fair Value
Total	1,838	2,256.8
Fixed Income Securities
Amortized Cost
Due in less than one year	1,202.6
Due between one and five years	581.6
Amortized Cost	1,784.2	2,207
Estimated Fair Value
Due in less than one year	1,203.4
Due between one and five years	581.1
Total	$ 1,784.5	$ 2,202.8

Cash Equivalents and Investme_5

Cash Equivalents and Investments - Unrealized Loss Position on Fixed Income Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Unrealized Loss
Less than 12 Months, Fair Value	$ 488.3	$ 423.2
Less than 12 Months, Unrealized Loss	(0.8)	(0.1)
12 Months or Greater, Fair Value	87.1	500.8
12 Months or Greater, Unrealized Loss	0	(4.1)
Total, Fair Value	575.4	924
Total, Unrealized Loss	(0.8)	(4.2)
Asset-backed securities
Unrealized Loss
Less than 12 Months, Fair Value	11.3	3.1
Less than 12 Months, Unrealized Loss	0	0
12 Months or Greater, Fair Value	12	43
12 Months or Greater, Unrealized Loss	0	(0.3)
Total, Fair Value	23.3	46.1
Total, Unrealized Loss	0	(0.3)
Certificates of deposit
Unrealized Loss
Less than 12 Months, Fair Value	4.9
Less than 12 Months, Unrealized Loss	(0.1)
12 Months or Greater, Fair Value	0
12 Months or Greater, Unrealized Loss	0
Total, Fair Value	4.9
Total, Unrealized Loss	(0.1)
Corporate debt securities
Unrealized Loss
Less than 12 Months, Fair Value	222.6	72.6
Less than 12 Months, Unrealized Loss	(0.3)	(0.1)
12 Months or Greater, Fair Value	64.3	330.7
12 Months or Greater, Unrealized Loss	0	(3)
Total, Fair Value	286.9	403.3
Total, Unrealized Loss	(0.3)	(3.1)
Foreign government debt securities
Unrealized Loss
Less than 12 Months, Fair Value	0	1.5
Less than 12 Months, Unrealized Loss	0	0
12 Months or Greater, Fair Value	6.8	18.4
12 Months or Greater, Unrealized Loss	0	(0.1)
Total, Fair Value	6.8	19.9
Total, Unrealized Loss	0	(0.1)
U.S. government agency securities
Unrealized Loss
Less than 12 Months, Fair Value	46	2
Less than 12 Months, Unrealized Loss	0	0
12 Months or Greater, Fair Value	0	45.2
12 Months or Greater, Unrealized Loss	0	(0.2)
Total, Fair Value	46	47.2
Total, Unrealized Loss	0	(0.2)
U.S. government securities
Unrealized Loss
Less than 12 Months, Fair Value	203.5	344
Less than 12 Months, Unrealized Loss	(0.4)	0
12 Months or Greater, Fair Value	4	63.5
12 Months or Greater, Unrealized Loss	0	(0.5)
Total, Fair Value	207.5	407.5
Total, Unrealized Loss	$ (0.4)	$ (0.5)

Cash Equivalents and Investme_6

Cash Equivalents and Investments - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)Investment	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Investment	Sep. 30, 2018USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Total investments in unrealized loss position | Investment	290		290
Available-for-sale debt securities, gross realized gain	$ 0	$ 0	$ 0	$ 0
Available-for-sale debt securities, gross realized loss	0	0	0	0
Equity investments, unrealized gains	0	0	0	0
Equity investments, unrealized losses	0	0	0	0
Restricted cash and investments	92,000,000		92,000,000
Prepaid expenses and other current assets
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and investments	66,500,000		66,500,000
Other long-term assets
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and investments	25,500,000		25,500,000
Debt Securities
Restricted Cash and Cash Equivalents Items [Line Items]
OTTI, associated with credit losses	$ 0	$ 0	$ 0	$ 0

Cash Equivalents and Investme_7

Cash Equivalents and Investments - Investments in Equity Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Equity investments without readily determinable fair value	$ 40.9	$ 36.4
Total equity securities	679.8	1,060.4
Acquisition-related escrows	4.4	11.6
Cash equivalents
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Total equity securities	607.5	985.3
Short-term investments
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Total equity securities	0.6	2.8
Prepaid expenses and other current assets
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Total equity securities	5.2	10.9
Other long-term assets
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Total equity securities	66.5	61.4
Money market funds
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Equity investments with readily determinable fair value	611.9	996.9
Mutual funds
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Equity investments with readily determinable fair value	26.4	24.3
Publicly-traded equity securities
Debt Securities, Trading, and Equity Securities, FV-NI [Line Items]
Equity investments with readily determinable fair value	$ 0.6	$ 2.8

Cash Equivalents and Investme_8

Cash Equivalents and Investments - Restricted Cash and Investments (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 1,204.8	$ 2,489
Total cash, cash equivalents, and restricted cash	1,266	2,505.8	$ 2,522.8	$ 2,059.1
Prepaid expenses and other current assets
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 61.2	$ 16.8

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale debt securities:
Available-for-sale debt securities	$ 1,838	$ 2,256.8
Asset-backed securities
Available-for-sale debt securities:
Available-for-sale debt securities	77.5	46.5
Certificates of deposit
Available-for-sale debt securities:
Available-for-sale debt securities	70.5	152.9
Commercial paper
Available-for-sale debt securities:
Available-for-sale debt securities	259.9	393.6
Corporate debt securities
Available-for-sale debt securities:
Available-for-sale debt securities	713.3	413
Foreign government debt securities
Available-for-sale debt securities:
Available-for-sale debt securities	15.2	19.9
Time deposits
Available-for-sale debt securities:
Available-for-sale debt securities	17.4	278.6
U.S. government agency securities
Available-for-sale debt securities:
Available-for-sale debt securities	52	87
U.S. government securities
Available-for-sale debt securities:
Available-for-sale debt securities	578.7	811.3
Privately-held debt and redeemable preferred stock securities
Available-for-sale debt securities:
Available-for-sale debt securities	53.5	54
Money market funds
Equity securities:
Equity securities	611.9	996.9
Publicly-traded equity securities
Equity securities:
Equity securities	0.6	2.8
Fair Value, Measurements, Recurring
Available-for-sale debt securities:
Available-for-sale debt securities	1,838	2,256.8
Equity securities:
Equity securities	638.9	1,024
Derivative assets:
Derivative assets	3.8	5.3
Total assets measured at fair value	2,480.7	3,286.1
Liabilities measured at fair value:
Derivative liabilities	(14.4)	(7.1)
Total liabilities measured at fair value	(14.4)	(7.1)
Fair Value, Measurements, Recurring | Foreign exchange contracts
Derivative assets:
Derivative assets	2.5	5.3
Liabilities measured at fair value:
Derivative liabilities	(14.2)	(7.1)
Fair Value, Measurements, Recurring | Interest rate swap contracts
Derivative assets:
Derivative assets	1.3	0
Liabilities measured at fair value:
Derivative liabilities	(0.2)	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	454.6	352.8
Equity securities:
Equity securities	638.9	1,024
Derivative assets:
Derivative assets	0	0
Total assets measured at fair value	1,093.5	1,376.8
Liabilities measured at fair value:
Derivative liabilities	0	0
Total liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1) | Foreign exchange contracts
Derivative assets:
Derivative assets	0	0
Liabilities measured at fair value:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1) | Interest rate swap contracts
Derivative assets:
Derivative assets	0	0
Liabilities measured at fair value:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	1,329.9	1,850
Equity securities:
Equity securities	0	0
Derivative assets:
Derivative assets	3.8	5.3
Total assets measured at fair value	1,333.7	1,855.3
Liabilities measured at fair value:
Derivative liabilities	(14.4)	(7.1)
Total liabilities measured at fair value	(14.4)	(7.1)
Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2) | Foreign exchange contracts
Derivative assets:
Derivative assets	2.5	5.3
Liabilities measured at fair value:
Derivative liabilities	(14.2)	(7.1)
Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2) | Interest rate swap contracts
Derivative assets:
Derivative assets	1.3	0
Liabilities measured at fair value:
Derivative liabilities	(0.2)	0
Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	53.5	54
Equity securities:
Equity securities	0	0
Derivative assets:
Derivative assets	0	0
Total assets measured at fair value	53.5	54
Liabilities measured at fair value:
Derivative liabilities	0	0
Total liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3) | Foreign exchange contracts
Derivative assets:
Derivative assets	0	0
Liabilities measured at fair value:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3) | Interest rate swap contracts
Derivative assets:
Derivative assets	0	0
Liabilities measured at fair value:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Asset-backed securities
Available-for-sale debt securities:
Available-for-sale debt securities	77.5	46.5
Fair Value, Measurements, Recurring | Asset-backed securities | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Asset-backed securities | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	77.5	46.5
Fair Value, Measurements, Recurring | Asset-backed securities | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Certificates of deposit
Available-for-sale debt securities:
Available-for-sale debt securities	70.5	152.9
Fair Value, Measurements, Recurring | Certificates of deposit | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Certificates of deposit | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	70.5	152.9
Fair Value, Measurements, Recurring | Certificates of deposit | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Commercial paper
Available-for-sale debt securities:
Available-for-sale debt securities	259.9	393.6
Fair Value, Measurements, Recurring | Commercial paper | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Commercial paper | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	259.9	393.6
Fair Value, Measurements, Recurring | Commercial paper | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Corporate debt securities
Available-for-sale debt securities:
Available-for-sale debt securities	713.3	413
Fair Value, Measurements, Recurring | Corporate debt securities | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Corporate debt securities | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	713.3	413
Fair Value, Measurements, Recurring | Corporate debt securities | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Foreign government debt securities
Available-for-sale debt securities:
Available-for-sale debt securities	15.2	19.9
Fair Value, Measurements, Recurring | Foreign government debt securities | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Foreign government debt securities | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	15.2	19.9
Fair Value, Measurements, Recurring | Foreign government debt securities | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Time deposits
Available-for-sale debt securities:
Available-for-sale debt securities	17.4	278.6
Fair Value, Measurements, Recurring | Time deposits | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Time deposits | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	17.4	278.6
Fair Value, Measurements, Recurring | Time deposits | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | U.S. government agency securities
Available-for-sale debt securities:
Available-for-sale debt securities	52	87
Fair Value, Measurements, Recurring | U.S. government agency securities | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | U.S. government agency securities | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	52	87
Fair Value, Measurements, Recurring | U.S. government agency securities | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | U.S. government securities
Available-for-sale debt securities:
Available-for-sale debt securities	578.7	811.3
Fair Value, Measurements, Recurring | U.S. government securities | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	454.6	352.8
Fair Value, Measurements, Recurring | U.S. government securities | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	124.1	458.5
Fair Value, Measurements, Recurring | U.S. government securities | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Privately-held debt and redeemable preferred stock securities
Available-for-sale debt securities:
Available-for-sale debt securities	53.5	54
Fair Value, Measurements, Recurring | Privately-held debt and redeemable preferred stock securities | Quoted Prices in Active Markets For Identical Assets (Level 1)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Privately-held debt and redeemable preferred stock securities | Significant Other Observable Remaining Inputs (Level 2)
Available-for-sale debt securities:
Available-for-sale debt securities	0	0
Fair Value, Measurements, Recurring | Privately-held debt and redeemable preferred stock securities | Significant Other Unobservable Remaining Inputs (Level 3)
Available-for-sale debt securities:
Available-for-sale debt securities	53.5	54
Fair Value, Measurements, Recurring | Money market funds
Equity securities:
Equity securities	611.9	996.9
Fair Value, Measurements, Recurring | Money market funds | Quoted Prices in Active Markets For Identical Assets (Level 1)
Equity securities:
Equity securities	611.9	996.9
Fair Value, Measurements, Recurring | Money market funds | Significant Other Observable Remaining Inputs (Level 2)
Equity securities:
Equity securities	0	0
Fair Value, Measurements, Recurring | Money market funds | Significant Other Unobservable Remaining Inputs (Level 3)
Equity securities:
Equity securities	0	0
Fair Value, Measurements, Recurring | Mutual funds
Equity securities:
Equity securities	26.4	24.3
Fair Value, Measurements, Recurring | Mutual funds | Quoted Prices in Active Markets For Identical Assets (Level 1)
Equity securities:
Equity securities	26.4	24.3
Fair Value, Measurements, Recurring | Mutual funds | Significant Other Observable Remaining Inputs (Level 2)
Equity securities:
Equity securities	0	0
Fair Value, Measurements, Recurring | Mutual funds | Significant Other Unobservable Remaining Inputs (Level 3)
Equity securities:
Equity securities	0	0
Fair Value, Measurements, Recurring | Publicly-traded equity securities
Equity securities:
Equity securities	0.6	2.8
Fair Value, Measurements, Recurring | Publicly-traded equity securities | Quoted Prices in Active Markets For Identical Assets (Level 1)
Equity securities:
Equity securities	0.6	2.8
Fair Value, Measurements, Recurring | Publicly-traded equity securities | Significant Other Observable Remaining Inputs (Level 2)
Equity securities:
Equity securities	0	0
Fair Value, Measurements, Recurring | Publicly-traded equity securities | Significant Other Unobservable Remaining Inputs (Level 3)
Equity securities:
Equity securities	0	0
Cash equivalents
Available-for-sale debt securities:
Available-for-sale debt securities	163.2	936.5
Cash equivalents | Fair Value, Measurements, Recurring
Derivative assets:
Total assets measured at fair value	770.8	1,921.8
Cash equivalents | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Derivative assets:
Total assets measured at fair value	621.5	1,025.2
Cash equivalents | Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Derivative assets:
Total assets measured at fair value	149.3	896.6
Cash equivalents | Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Derivative assets:
Total assets measured at fair value	0	0
Short-term investments
Available-for-sale debt securities:
Available-for-sale debt securities	1,040.2	1,067.3
Short-term investments | Fair Value, Measurements, Recurring
Derivative assets:
Total assets measured at fair value	1,040.8	1,070.1
Short-term investments | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Derivative assets:
Total assets measured at fair value	221.7	297.5
Short-term investments | Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Derivative assets:
Total assets measured at fair value	819.1	772.6
Short-term investments | Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Derivative assets:
Total assets measured at fair value	0	0
Long-term investments
Available-for-sale debt securities:
Available-for-sale debt securities	581.1	199
Long-term investments | Fair Value, Measurements, Recurring
Derivative assets:
Total assets measured at fair value	581.1	199
Long-term investments | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Derivative assets:
Total assets measured at fair value	219.6	18.2
Long-term investments | Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Derivative assets:
Total assets measured at fair value	361.5	180.8
Long-term investments | Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Derivative assets:
Total assets measured at fair value	0	0
Prepaid expenses and other current assets | Fair Value, Measurements, Recurring
Derivative assets:
Total assets measured at fair value	7.7	16.1
Prepaid expenses and other current assets | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Derivative assets:
Total assets measured at fair value	5.2	10.8
Prepaid expenses and other current assets | Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Derivative assets:
Total assets measured at fair value	2.5	5.3
Prepaid expenses and other current assets | Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Derivative assets:
Total assets measured at fair value	0	0
Other long-term assets | Fair Value, Measurements, Recurring
Derivative assets:
Total assets measured at fair value	80.3	79.1
Other long-term assets | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Derivative assets:
Total assets measured at fair value	25.5	25.1
Other long-term assets | Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Derivative assets:
Total assets measured at fair value	1.3	0
Other long-term assets | Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Derivative assets:
Total assets measured at fair value	53.5	54
Other accrued liabilities | Fair Value, Measurements, Recurring
Liabilities measured at fair value:
Total liabilities measured at fair value	(14.2)	(7.1)
Other accrued liabilities | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Liabilities measured at fair value:
Total liabilities measured at fair value	0	0
Other accrued liabilities | Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Liabilities measured at fair value:
Total liabilities measured at fair value	(14.2)	(7.1)
Other accrued liabilities | Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Liabilities measured at fair value:
Total liabilities measured at fair value	0	0
Other long-term liabilities | Fair Value, Measurements, Recurring
Liabilities measured at fair value:
Total liabilities measured at fair value	(0.2)	0
Other long-term liabilities | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets For Identical Assets (Level 1)
Liabilities measured at fair value:
Total liabilities measured at fair value	0	0
Other long-term liabilities | Fair Value, Measurements, Recurring | Significant Other Observable Remaining Inputs (Level 2)
Liabilities measured at fair value:
Total liabilities measured at fair value	(0.2)	0
Other long-term liabilities | Fair Value, Measurements, Recurring | Significant Other Unobservable Remaining Inputs (Level 3)
Liabilities measured at fair value:
Total liabilities measured at fair value	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill and intangible impairment	$ 0	$ 0
Equity securities without readily determinable fair value, impairment	0	0
Equity securities without readily determinable fair value, upward adjustment	0	0
Equity securities without readily determinable fair value, downward adjustment	0	0
Contract manufacturer deposit (non-interest bearing)	36,900,000	36,900,000
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial and nonfinancial liabilities, fair value disclosure	14,400,000	14,400,000	$ 7,100,000
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial and nonfinancial liabilities, fair value disclosure	0	0	0
Significant Other Unobservable Remaining Inputs (Level 3) | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial and nonfinancial liabilities, fair value disclosure	0	0	0
Significant Other Observable Remaining Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term and long-term debt, fair value	1,807,300,000	1,807,300,000	2,158,700,000
Significant Other Observable Remaining Inputs (Level 2) | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial and nonfinancial liabilities, fair value disclosure	14,400,000	14,400,000	7,100,000
Privately-held debt and redeemable preferred stock securities | Significant Other Unobservable Remaining Inputs (Level 3) | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain (loss) on investments	0	0
Junos Pulse
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 73,700,000	$ 73,700,000	$ 69,000,000

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Derivatives, Notional Amount [Line Items]
Notional amount of derivatives	$ 995.3		$ 995.3		$ 656.4
Changes in fair value of non-designated derivatives	0	$ 0	0	$ 0
Designated as hedge
Derivatives, Notional Amount [Line Items]
Notional amount of derivatives	833.4		833.4		497.7
Non-designated derivatives
Derivatives, Notional Amount [Line Items]
Notional amount of derivatives	161.9		$ 161.9		158.7
Cash flow hedges | Designated as hedge
Derivatives, Notional Amount [Line Items]
Maturities of cash flow hedge derivatives			18 months
Losses expected to be reclassified into earnings within the next 12 months			$ 8.8
Foreign exchange contracts | Cash flow hedges
Derivatives, Notional Amount [Line Items]
Derivative instruments, gain (loss) recognized in other comprehensive income (loss), Effective portion	(12.4)		(11.1)
Derivative instruments, gain (loss) recognized in other comprehensive income (loss), Effective portion		(6.1)		(8.6)
Foreign exchange contracts | Cash flow hedges | Designated as hedge
Derivatives, Notional Amount [Line Items]
Notional amount of derivatives	533.4		533.4		497.7
Interest rate swap contracts | Fair value hedges | Designated as hedge
Derivatives, Notional Amount [Line Items]
Notional amount of derivatives	300		300		$ 0
Cost of revenues and operating expenses | Foreign exchange contracts
Derivatives, Notional Amount [Line Items]
Gain (loss) reclassified	$ (0.8)		$ (1.5)
Cost of revenues and operating expenses | Foreign exchange contracts | Cash flow hedges
Derivatives, Notional Amount [Line Items]
Gain (loss) reclassified		$ (3.1)		$ 5.8

Other Financial Information - I

Other Financial Information - Inventories, Net (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Schedule Of Inventory [Line Items]
Production and service materials	$ 68.1	$ 60.6
Finished goods	25.3	21.4
Inventory	93.4	82
Prepaid expenses and other current assets
Schedule Of Inventory [Line Items]
Inventory	90.1	80.6
Other long-term assets
Schedule Of Inventory [Line Items]
Inventory	$ 3.3	$ 1.4

Other Financial Information - N

Other Financial Information - Narrative (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Other Financial Information [Abstract]
Contract manufacturer deposit (non-interest bearing)	$ 36,900,000	$ 36,900,000
Non-interest bearing deposit to contract manufacturer, unamortized discount	1,900,000	$ 1,900,000
Non-interest bearing deposit to contract manufacturer, imputed interest rate		5.00%
Disaggregation of Revenue [Line Items]
Deferred commission	20,400,000	$ 20,400,000
Amortization of deferred commission	27,900,000	94,000,000
Impairment loss	0	0
Product
Disaggregation of Revenue [Line Items]
Contract with customer, liability, revenue recognized	13,700,000	54,300,000
Service
Disaggregation of Revenue [Line Items]
Contract with customer, liability, revenue recognized	$ 152,300,000	$ 609,100,000

Other Financial Information - W

Other Financial Information - Warranties (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance as of December 31, 2018	$ 28
Provisions made during the period	28.5
Actual costs incurred during the period	(25)
Balance as of September 30, 2019	$ 31.5

Other Financial Information - D

Other Financial Information - Deferred Revenue (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Reported as:
Current	$ 741.6	$ 829.3
Long-term	377.1	384.3
Deferred revenue	1,118.7	1,213.6
Undelivered product commitments and other product deferrals
Deferred product revenue:
Deferred gross product revenue	138.4	163.3
Product
Deferred product revenue:
Deferred gross product revenue	138.4	163.3
Deferred cost of product revenue	(9.4)	(18.9)
Reported as:
Deferred revenue	129	144.4
Service
Reported as:
Deferred revenue	$ 989.7	$ 1,069.2

Other Financial Information - R

Other Financial Information - Revenue (Details) $ in Millions	Sep. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 759.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01 | Product
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 114.5
Revenue recognition expected by period, satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01 | Service
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 645
Revenue recognition expected by period, satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 318.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01 | Product
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 21.1
Revenue recognition expected by period, satisfaction period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01 | Service
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 297.3
Revenue recognition expected by period, satisfaction period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 58.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | Product
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 2.8
Revenue recognition expected by period, satisfaction period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | Service
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 55.9
Revenue recognition expected by period, satisfaction period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil)
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 1,136.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil) | Product
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	138.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil) | Service
Disaggregation of Revenue [Line Items]
Revenue recognition expected by period	$ 998.2

Other Financial Information - O

Other Financial Information - Other Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Financial Information [Abstract]
Interest income	$ 19.7	$ 18.9	$ 63	$ 49.8
Interest expense	(22.1)	(25.8)	(68.3)	(77.7)
Loss on extinguishment of debt	15.3	0	15.3	0
Loss on investments, net	(3.4)	(1.9)	(4.6)	(1.8)
Other	0.7	0.7	2	(1.4)
Other expense, net	$ (20.4)	$ (8.1)	$ (23.2)	$ (31.1)

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring (benefits) charges	$ (1.1)	$ 4.4	$ 35.6	$ 2.3
2019 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring (benefits) charges			35.6
2019 Restructuring Plan | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring (benefits) charges	(0.3)		21.8
2019 Restructuring Plan | Facility consolidations
Restructuring Cost and Reserve [Line Items]
Restructuring (benefits) charges			2.1
2019 Restructuring Plan | Contract terminations
Restructuring Cost and Reserve [Line Items]
Restructuring (benefits) charges	$ (0.8)		$ 11.7

Restructuring Charges - Changes

Restructuring Charges - Changes to Restructuring Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Reserve [Roll Forward]
Charges	$ (1.1)	$ 4.4	$ 35.6	$ 2.3
2019 Restructuring Plan
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning balance			1.1
Charges			35.6
Cash Payments			(31.7)
Other			(2.2)
Restructuring liability, ending balance	2.8		2.8
2019 Restructuring Plan | Severance
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning balance			1.1
Charges	(0.3)		21.8
Cash Payments			(20.7)
Other			0
Restructuring liability, ending balance	2.2		2.2
2019 Restructuring Plan | Facility consolidations
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning balance			0
Charges			2.1
Cash Payments			(0.1)
Other			(2)
Restructuring liability, ending balance	0		0
2019 Restructuring Plan | Contract terminations
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning balance			0
Charges	(0.8)		11.7
Cash Payments			(10.9)
Other			(0.2)
Restructuring liability, ending balance	$ 0.6		$ 0.6

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2019	Aug. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 1,700
Unaccreted discount and debt issuance costs	(13.5)
Debt Instrument, Derivative Instruments Fair Value Adjustment	1.1
Total	1,687.6
Notional amount of derivatives	995.3		$ 656.4
Designated as hedge
Debt Instrument [Line Items]
Notional amount of derivatives	833.4		497.7
Designated as hedge | Fair value hedges | Interest rate swap contracts
Debt Instrument [Line Items]
Notional amount of derivatives	$ 300		$ 0
4.500% fixed-rate notes (2024 Notes)
Debt Instrument [Line Items]
Stated interest rate	4.50%
4.500% fixed-rate notes (2024 Notes)
Debt Instrument [Line Items]
Stated interest rate	4.50%
4.350% fixed-rate notes (2025 Notes)
Debt Instrument [Line Items]
Stated interest rate	4.35%
3.750% fixed-rate notes (2029 Notes)
Debt Instrument [Line Items]
Stated interest rate	3.75%
5.950% fixed-rate notes (2041 Notes)
Debt Instrument [Line Items]
Stated interest rate	5.95%
Senior notes | 4.500% fixed-rate notes (2024 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 350
Effective interest rate	4.63%
Senior notes | 4.500% fixed-rate notes (2024 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 150
Effective interest rate	4.87%
Senior notes | 4.350% fixed-rate notes (2025 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 300
Effective interest rate	4.47%
Senior notes | 3.750% fixed-rate notes (2029 Notes)
Debt Instrument [Line Items]
Stated interest rate		3.75%
Long-term debt	$ 500
Effective interest rate	3.86%
Senior notes | 5.950% fixed-rate notes (2041 Notes)
Debt Instrument [Line Items]
Long-term debt	$ 400
Effective interest rate	6.03%

Debt - Senior Notes (Details)

Debt - Senior Notes (Details) - USD ($)	2 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Aug. 31, 2019
Debt Instrument [Line Items]
Repayment of senior notes				$ 950,000,000	$ 0
Loss on extinguishment of debt		$ 15,300,000	$ 0	$ 15,300,000	$ 0
3.750% fixed-rate notes (2029 Notes)
Debt Instrument [Line Items]
Stated interest rate	3.75%	3.75%		3.75%
3.750% fixed-rate notes (2029 Notes) | Senior notes
Debt Instrument [Line Items]
Aggregate principal amount issued	$ 500,000,000	$ 500,000,000		$ 500,000,000
Stated interest rate						3.75%
Debt redemption expiration, period prior to maturity				3 months
3.750% fixed-rate notes (2029 Notes) | Senior notes | Treasury rate
Debt Instrument [Line Items]
Redemption price percentage, basis spread on discount rate				35.00%
3.300% fixed-rate notes (2020 Notes) and 4.600% fixed-rate notes (2021 Notes) | Senior notes
Debt Instrument [Line Items]
Repayment of senior notes	600,000,000
Loss on extinguishment of debt	$ 15,300,000
3.300% fixed-rate notes (2020 Notes) | Senior notes
Debt Instrument [Line Items]
Stated interest rate	3.30%	3.30%		3.30%
4.600% fixed rate notes (2021 Notes) | Senior notes
Debt Instrument [Line Items]
Stated interest rate	4.60%	4.60%		4.60%
4.350% fixed-rate notes (2025 Notes)
Debt Instrument [Line Items]
Stated interest rate	4.35%	4.35%		4.35%
4.350% fixed-rate notes (2025 Notes) | Senior notes
Debt Instrument [Line Items]
Debt redemption expiration, period prior to maturity				3 months
4.350% fixed-rate notes (2025 Notes) | Senior notes | Treasury rate
Debt Instrument [Line Items]
Redemption price percentage, basis spread on discount rate				37.50%
4.350% fixed-rate notes (2025 Notes) and 3.750% fixed-rate notes (2029 Notes) | Senior notes
Debt Instrument [Line Items]
Redemption price percentage				100.00%
Repurchase price percentage related to change in control	101.00%	101.00%		101.00%

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility (Details) - Unsecured Revolving Credit Facility - Line of Credit	1 Months Ended
	Apr. 30, 2019USD ($)extension_option	Sep. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Initial term	5 years
Borrowing capacity	$ 500,000,000
Increase amount of borrowings, subject to lenders' approval	$ 200,000,000
Number of extension options | extension_option	2
Extension option term	1 year
Amounts outstanding under the Revolving Credit Facility		$ 0
Maximum leverage ratio	3
Maximum leverage ratio, if acquisition consummated (up to four quarters)	3.5
Minimum interest coverage ratio	3
Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%
Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.375%
Eurocurrency Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.91%
Eurocurrency Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.375%
Federal Funds Rate | Variable Rate Component, Federal Funds
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
ICE Benchmark Administration Settlement Rate | Variable Rate Component, ICE Benchmark Administration Settlement Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%

Equity - Summary of Dividends

Equity - Summary of Dividends Paid and Stock Repurchases and Retirements (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Sep. 25, 2019	Jun. 24, 2019	Apr. 29, 2019	Mar. 22, 2019	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Dividends
Per share (in dollars per share)	$ 0.19	$ 0.19		$ 0.19	$ 0.19		$ 0.18			$ 0.57	$ 0.54
Amount					$ 64.7		$ 62.1			$ 196.4	$ 187
Repurchased under the 2018 Stock Repurchase Program
Amount					$ 111.1		$ 151.3			$ 354.9	$ 755.5
Stock Repurchase Program 2018
Repurchased under the 2018 Stock Repurchase Program
Shares (in shares)					5.1		6			13.7	29.3
Average price per share (in dollars per share)					$ 24.90		$ 25.62			$ 25.45	$ 25.62
Amount					$ 50		$ 0			$ 350	$ 750
Accelerated Share Repurchase Program
Repurchased under the 2018 Stock Repurchase Program
Shares (in shares)						8.6				29.3
Average price per share (in dollars per share)			$ 27.94						$ 25.79	$ 25.62
Amount								$ 240

Equity - Cash Dividends on Sha

Equity - Cash Dividends on Shares of Common Stock (Details) - $ / shares	Sep. 25, 2019	Jul. 25, 2019	Jun. 24, 2019	Apr. 25, 2019	Mar. 22, 2019	Jan. 29, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
Cash dividends declared per share of common stock (in dollars per share)		$ 0.19		$ 0.19		$ 0.19	$ 0.19	$ 0.18	$ 0.57	$ 0.54
Cash dividends paid per share of common stock (in dollars per share)	$ 0.19		$ 0.19		$ 0.19		$ 0.19	$ 0.18	$ 0.57	$ 0.54

Equity - Stock Repurchase Acti

Equity - Stock Repurchase Activities (Details) - USD ($) $ / shares in Units, shares in Millions	Apr. 29, 2019	Feb. 28, 2018	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Jan. 31, 2018
Accelerated Share Repurchases [Line Items]
Payment to repurchase stock								$ 354,900,000	$ 755,500,000
Common stock received, aggregate price			$ 111,100,000		$ 151,300,000			354,900,000	$ 755,500,000
Stock Repurchase Program 2018
Accelerated Share Repurchases [Line Items]
Stock repurchase program, authorized amount			$ 1,700,000,000				$ 1,700,000,000	$ 1,700,000,000		$ 2,000,000,000
Stock repurchased and retired (in shares)			5.1		6			13.7	29.3
Average price per share (in dollars per share)			$ 24.90		$ 25.62			$ 25.45	$ 25.62
Stock repurchased (in shares)			2.1
Common stock received, aggregate price			$ 50,000,000		$ 0			$ 350,000,000	$ 750,000,000
Common stock repurchased, average cost per share (in dollars per share)			$ 23.63
Stock repurchase program, remaining authorized repurchase amount			$ 900,000,000				$ 900,000,000	$ 900,000,000
Accelerated Share Repurchase Program
Accelerated Share Repurchases [Line Items]
Stock repurchase program, authorized amount		$ 750,000,000
Payment to repurchase stock	$ 300,000,000	$ 750,000,000				$ 300,000,000
Stock repurchased and retired (in shares)				8.6				29.3
Average price per share (in dollars per share)	$ 27.94						$ 25.79	$ 25.62
Stock repurchased (in shares)			3				11.6
Common stock received, aggregate price						$ 240,000,000

Equity - Components of Accumul

Equity - Components of Accumulated Other Comprehensive (Loss) Income, Net of Tax (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 4,823.2
Other comprehensive income before reclassifications	(11.5)
Amount reclassified from accumulated other comprehensive loss	2.9
Other comprehensive income, net	(8.6)
Balance	4,642.4
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(18.2)
Balance	(26.8)
Unrealized Gains/Losses on Available-for- Sale Debt Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	25.5
Other comprehensive income before reclassifications	3.8
Amount reclassified from accumulated other comprehensive loss	(0.1)
Other comprehensive income, net	3.7
Balance	29.2
Unrealized Gains/Losses on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(0.9)
Other comprehensive income before reclassifications	(12.3)
Amount reclassified from accumulated other comprehensive loss	3
Other comprehensive income, net	(9.3)
Balance	(10.2)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(42.8)
Other comprehensive income before reclassifications	(3)
Amount reclassified from accumulated other comprehensive loss	0
Other comprehensive income, net	(3)
Balance	$ (45.8)

Employee Benefit Plans - Equity

Employee Benefit Plans - Equity Incentive Plan (Details) - shares shares in Millions	Apr. 01, 2019	Sep. 30, 2019
Share-Based Compensation Plans
Stock options, RSUs, and RSAs assumed in acquisition (in shares)	1.9
Equity incentive plan 2015
Share-Based Compensation Plans
Number of shares available for future issuance (in shares)		16.2
Employee stock purchase plan 2008
Share-Based Compensation Plans
Number of shares available for future issuance (in shares)		6.3

Employee Benefit Plans - Stock

Employee Benefit Plans - Stock Option Activity and Related Activity (Details) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Number of Shares
Balance as of beginning of period (in shares) | shares	0.1
Assumed upon the acquisition of Mist (in shares) | shares	1.1
Exercised (in shares) | shares	(0.1)
Expired/Canceled (in shares) | shares	(0.1)
Balance as of end of period (in shares) | shares	1
Weighted Average Exercise Price per Share
Balance as of beginning of period (in dollars per share) | $ / shares	$ 20.66
Assumed upon the acquisition of Mist (in dollars per share) | $ / shares	5.05
Exercised (in dollars per share) | $ / shares	16.45
Expired/Canceled (in dollars per share) | $ / shares	6.55
Balance as of end of period (in dollars per share) | $ / shares	$ 4.95
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, weighted average remaining contractual term	8 years 2 months 12 days
Outstanding, aggregate intrinsic value | $	$ 19.6
Exercisable options (in shares) | shares	0.2
Exercisable options, weighted average exercise price per share (in dollars per share) | $ / shares	$ 4.09
Exercisable options, weighted average remaining contractual term	7 years 8 months 12 days
Exercisable options, aggregate intrinsic value | $	$ 3.5
Vested and expected-to-vest options
Vested and expected-to-vest options (in shares) | shares	1
Vested and expected-to-vest options, weighted average exercise price per share (in dollars per share) | $ / shares	$ 4.95
Vested and expected-to-vest options, weighted average remaining contractual term	8 years 2 months 12 days
Vested and expected-to-vest option, aggregate intrinsic value | $	$ 19.6

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Unit and Performance Share Award Activities (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Jul. 25, 2019	Apr. 25, 2019	Jan. 29, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Weighted Average Grant-Date Fair Value per Share
Cash dividends declared per share of common stock (in dollars per share)	$ 0.19	$ 0.19	$ 0.19	$ 0.19	$ 0.18	$ 0.57	$ 0.54
RSUs, RSAs, and PSAs
Number of Shares
Balance at beginning of period (in shares)						17.4
Balance at end of period (in shares)				18.8		18.8
Weighted Average Grant-Date Fair Value per Share
Balance at beginning of period (in dollars per share)						$ 25.32
Balance at end of period (in dollars per share)				$ 25.20		$ 25.20
Weighted average remaining contractual term						1 year 2 months 12 days
Aggregate intrinsic value				$ 465.9		$ 465.9
Restricted Stock Units (RSUs)
Number of Shares
Granted (in shares)						7.3
Assumed upon the acquisition of Mist (in shares)						0.1
Vested (in shares)						(4.7)
Canceled (in shares)						(2)
Weighted Average Grant-Date Fair Value per Share
Granted (in dollars per share)						$ 25.36
Assumed upon the acquisition of Mist (in dollars per share)						25.81
Vested (in dollars per share)						25.93
Canceled (in dollars per share)						$ 26.03
Performance goal, number of shares (in shares)				0.2		0.2
Restricted Stock Awards (RSAs)
Number of Shares
Assumed upon the acquisition of Mist (in shares)						0.7
Vested (in shares)						(0.1)
Weighted Average Grant-Date Fair Value per Share
Assumed upon the acquisition of Mist (in dollars per share)						$ 27.20
Vested (in dollars per share)						$ 23.10
Performance shares (PSAs)
Number of Shares
Granted (in shares)						1.5
Vested (in shares)						(0.5)
Canceled (in shares)						(0.9)
Weighted Average Grant-Date Fair Value per Share
Granted (in dollars per share)						$ 25.06
Vested (in dollars per share)						26.77
Canceled (in dollars per share)						$ 23.64
Performance goal, number of shares (in shares)				0.4		0.4
Number of shares modified						1.5
Incremental compensation cost resulting from the modifications						$ 30.2
Minimum | Restricted Stock Units (RSUs)
Weighted Average Grant-Date Fair Value per Share
Performance goal, number of shares (in shares)				0		0
Minimum | Performance shares (PSAs)
Weighted Average Grant-Date Fair Value per Share
Performance goal, number of shares (in shares)				0		0
Maximum | Restricted Stock Units (RSUs)
Weighted Average Grant-Date Fair Value per Share
Performance goal, number of shares (in shares)				0.4		0.4
Maximum | Performance shares (PSAs)
Weighted Average Grant-Date Fair Value per Share
Performance goal, number of shares (in shares)				0.7		0.7

Employee Benefit Plans - Employ

Employee Benefit Plans - Employee Stock Purchase Plan (Details) shares in Millions	Nov. 06, 2017period	Sep. 30, 2019$ / sharesshares	Sep. 30, 2018$ / sharesshares	Sep. 30, 2019$ / sharesshares	Sep. 30, 2018$ / sharesshares
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
ESPP offering period duration	24 months
ESPP, number of purchase period | period	4
ESPP. purchase period	6 months
ESPP, purchase price of common stock	85.00%
Employee stock purchase plan 2008
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shares purchased (in shares) | shares		1.2	1.2	2.4	2.5
Average exercise price per share (in dollars per share) | $ / shares		$ 22.03	$ 22.39	$ 22.04	$ 22.31

Employee Benefit Plans - Share

Employee Benefit Plans - Share Based Compensation by Cost and Expense Categories (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	$ 57.5	$ 53.2	$ 147.1	$ 180.2
Stock options
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	2.3	0.1	5.6	0.3
RSUs, RSAs, and PSAs
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	50.9	48.2	127.7	165.8
ESPP
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	4.3	4.9	13.8	14.1
Cost of revenues - Product
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	0.8	1.5	4.3	5.1
Cost of revenues - Service
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	4.1	4.5	13	14.2
Research and development
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	29.6	28.1	68	101.8
Sales and marketing
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	15.5	12.9	40	40.4
General and administrative
Stock Based Compensation Expense Recorded in Cost and Expense Categories
Share-based compensation expense	$ 7.5	$ 6.2	$ 21.8	$ 18.7

Employee Benefit Plans - Shar_2

Employee Benefit Plans - Share Based Compensation by Share Based Payment Award Types (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Share-based Payment Arrangement [Abstract]
Unrecognized compensation cost	$ 330.2
Unrecognized compensation, weighted average recognition period	1 year 8 months 12 days

Segments - Revenue by Product (

Segments - Revenue by Product (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			1
Total net revenues	$ 1,133.1	$ 1,179.8	$ 3,237.3	$ 3,466.5
Product
Segment Reporting Information [Line Items]
Total net revenues	743.2	794.7	2,075.8	2,330.4
Routing
Segment Reporting Information [Line Items]
Total net revenues	407.5	496.4	1,199.1	1,395.1
Switching
Segment Reporting Information [Line Items]
Total net revenues	241.6	221.1	633.6	705.9
Security
Segment Reporting Information [Line Items]
Total net revenues	94.1	77.2	243.1	229.4
Service
Segment Reporting Information [Line Items]
Total net revenues	$ 389.9	$ 385.1	$ 1,161.5	$ 1,136.1

Segments - Revenues by Customer

Segments - Revenues by Customer Vertical (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total net revenues	$ 1,133.1	$ 1,179.8	$ 3,237.3	$ 3,466.5
Cloud
Segment Reporting Information [Line Items]
Total net revenues	271.9	257.1	780	812.4
Service Provider
Segment Reporting Information [Line Items]
Total net revenues	452.5	545.3	1,335.3	1,550.3
Enterprise
Segment Reporting Information [Line Items]
Total net revenues	$ 408.7	$ 377.4	$ 1,122	$ 1,103.8

Segments - Geographic (Details)

Segments - Geographic (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total net revenues	$ 1,133.1	$ 1,179.8	$ 3,237.3	$ 3,466.5
Total Americas
Segment Reporting Information [Line Items]
Total net revenues	648.8	643.1	1,841.2	1,906.4
United States
Segment Reporting Information [Line Items]
Total net revenues	599.4	597.1	1,677.2	1,754.2
Other
Segment Reporting Information [Line Items]
Total net revenues	49.4	46	164	152.2
Europe, Middle East, and Africa
Segment Reporting Information [Line Items]
Total net revenues	301.5	329.9	879.6	946.8
Asia Pacific
Segment Reporting Information [Line Items]
Total net revenues	$ 182.8	$ 206.8	$ 516.5	$ 613.3

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income before income taxes	$ 118.1	$ 152	$ 240.4	$ 344.3
Income tax provision (benefit)	$ 18.8	$ (71.8)	$ 63.8	$ (30.4)
Effective tax rate (benefit)	15.90%	(47.20%)	26.50%	(8.80%)
Federal statutory rate	21.00%	21.00%	21.00%	21.00%
Recognition of previously unrecognized tax benefits	$ 8.3	$ 67.6	$ 8.3	$ 67.6
Reduction of expected tax liabilities, change in accounting method for tax recognition of deferred product revenue		$ (33.2)		$ 33.2
Unrecognized tax benefits	174.9		174.9
Unrecognized tax benefits, if recognized, would affect the effective tax rate	171.9		171.9
Unrecognized tax benefits could decrease up to	$ 32.6		$ 32.6

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income	$ 99.3	$ 223.8	$ 176.6	$ 374.7
Denominator:
Weighted-average shares used to compute basic net income per share (in shares)	342.2	346.2	345.5	350.1
Dilutive effect of employee stock awards (in shares)	3.3	4.3	4.6	5.1
Weighted-average shares used to compute diluted net income per share (in shares)	345.5	350.5	350.1	355.2
Net income per share
Basic (in dollars per share)	$ 0.29	$ 0.65	$ 0.51	$ 1.07
Diluted, (in dollars per share)	$ 0.29	$ 0.64	$ 0.50	$ 1.05
Anti-dilutive shares (in shares)	2.8	4.2	2.7	5

Commitments and Contingencies -

Commitments and Contingencies - Leases Additional Information (Details)	Sep. 30, 2019
Minimum | Corporate offices, data centers, and R&D facilities
Lessee, Lease, Description [Line Items]
Lease terms	1 year
Minimum | Vehicles and various office equipment
Lessee, Lease, Description [Line Items]
Lease terms	1 year
Maximum | Corporate offices, data centers, and R&D facilities
Lessee, Lease, Description [Line Items]
Lease terms	11 years
Maximum | Vehicles and various office equipment
Lessee, Lease, Description [Line Items]
Lease terms	5 years

Commitments and Contingencies_2

Commitments and Contingencies - Components of Lease Costs and Other Information Related to Leases (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 12.2	$ 38.1
Variable lease cost	3.4	9.1
Total lease cost	15.6	47.2
Operating cash outflows from operating leases	12.7	36.4
ROU assets obtained in exchange for new operating lease liabilities	$ 3.9	$ 5.1
Weighted average remaining lease term (years)	6 years	6 years
Weighted average discount rate	4.40%	4.40%

Commitments and Contingencies_3

Commitments and Contingencies - Future Minimum Operating Lease Payments and Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019
Commitments and Contingencies Disclosure [Abstract]
2019	$ 10.5
2020	49.9
2021	42.4
2022	34.5
2023	30.4
Thereafter	63.7
Total lease payments	231.4
Less: interest	(27.5)
Total	203.9
Current operating lease liabilities	40.4
Long-term operating lease liabilities	$ 163.5	$ 185.5

Commitments and Contingencies_4

Commitments and Contingencies - Commitments (Details) $ in Millions	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase obligation	$ 1,370.5
Excess purchase commitments and obsolete materials liability	$ 29.7

Commitments and Contingencies_5

Commitments and Contingencies - Investigations (Details) - Investigations by U.S. Securities and Exchange Commission (SEC) and U.S. Department of Justice (DOJ) - Settled Litigation - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2019	Jul. 31, 2019
Loss Contingencies [Line Items]
Combined payment as part of settlement with the SEC	$ 11.8
Estimated legal reserve		$ 12

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, shares in Millions	Oct. 28, 2019	Oct. 24, 2019	Jul. 25, 2019	Apr. 29, 2019	Apr. 25, 2019	Jan. 29, 2019	Feb. 28, 2018	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 31, 2018
Dividends
Cash dividends declared per share of common stock (in dollars per share)			$ 0.19		$ 0.19	$ 0.19		$ 0.19		$ 0.18		$ 0.57	$ 0.54
Payment to repurchase stock												$ 354,900,000	$ 755,500,000
Common stock received, aggregate price								$ 111,100,000		$ 151,300,000		354,900,000	$ 755,500,000
Subsequent Event
Dividends
Cash dividends declared per share of common stock (in dollars per share)		$ 0.19
Stock Repurchase Program 2018
Dividends
Stock repurchase program, authorized amount								$ 1,700,000,000				$ 1,700,000,000		$ 2,000,000,000
Stock repurchased and retired (in shares)								5.1		6		13.7	29.3
Common stock received, aggregate price								$ 50,000,000		$ 0		$ 350,000,000	$ 750,000,000
Stock Repurchase Program 2018 | Subsequent Event
Dividends
Stock repurchase program, additional amount approved		$ 1,000,000,000
Accelerated Share Repurchase Program
Dividends
Stock repurchase program, authorized amount							$ 750,000,000
Payment to repurchase stock				$ 300,000,000			$ 750,000,000				$ 300,000,000
Stock repurchased and retired (in shares)									8.6			29.3
Common stock received, aggregate price											$ 240,000,000
Accelerated Share Repurchase Program | Subsequent Event
Dividends
Stock repurchase program, authorized amount	$ 200,000,000
Payment to repurchase stock	$ 200,000,000
Stock repurchased and retired (in shares)	6.4
Common stock received, aggregate price	$ 160,000,000

Uncategorized Items - jnpr-10q2

Label	Element	Value
Accounting Standards Update 2014-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 324,700,000
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	324,700,000
Accounting Standards Update 2018-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(5,700,000)
Accounting Standards Update 2018-02 [Member] | AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	5,700,000
Accounting Standards Update 2017-12 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	100,000
Accounting Standards Update 2017-12 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	100,000
Accounting Standards Update 2016-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(4,800,000)
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (4,800,000)