SS&C Technologies (SSNC) 10-Q 7 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 30, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	SS&C Technologies Holdings Inc
Entity Central Index Key	0001402436
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		253,759,796
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-34675
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	71-0987913
Entity Address, Address Line One	80 Lamberton Road
Entity Address, City or Town	Windsor
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06095
City Area Code	860
Local Phone Number	298-4500
Document Quarterly Report	true
Document Transition Report	false
Security12b Title	Common stock, par value $0.01 per share
Trading Symbol	SSNC
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 131.3	$ 166.7
Funds receivable and funds held on behalf of clients	1,026.7	1,014.7
Accounts receivable, net of allowance for doubtful accounts of $10.6 and $9.4, respectively	665.1	681.7
Contract asset	17.5	18.5
Prepaid expenses and other current assets	147.4	154.5
Prepaid income taxes	9.6	5.6
Restricted cash and cash equivalents	6.1	6.4
Total current assets	2,003.7	2,048.1
Property, plant and equipment, net (Note 2)	494	553.2
Operating lease right-of-use assets (Note 3)	366.5
Investments (Note 4)	208.8	190.5
Unconsolidated affiliates (Note 5)	236.3	239.3
Deferred income taxes	5.5	4.8
Contract asset	51.6	31.5
Goodwill (Note 7)	7,886.1	7,858
Intangible and other assets, net of accumulated amortization of $1,690.6 and $1,360.2, respectively	4,888.4	5,182.1
Total assets	16,140.9	16,107.5
Current liabilities:
Current portion of long-term debt (Note 8)	63.2	87.5
Client funds obligations	1,026.7	1,014.7
Accounts payable	51.8	41.4
Income taxes payable		11.1
Accrued employee compensation and benefits	169.8	322
Interest payable	29.8	0.2
Other accrued expenses	247.6	199.2
Deferred revenue	242	245.7
Total current liabilities	1,830.9	1,921.8
Long-term debt, net of current portion (Note 8)	7,779.9	8,168.5
Operating lease liabilities (Note 3)	342.4
Other long-term liabilities	211.4	235.5
Deferred income taxes	1,130.8	1,201.7
Total liabilities	11,295.4	11,527.5
Commitments and contingencies (Note 14)
Stockholders’ equity (Note 9):
Preferred stock, $0.01 par value per share, 5.0 million shares authorized; no shares issued
Common stock	2.5	2.5
Additional paid-in capital	4,177.6	4,091.4
Accumulated other comprehensive loss	(315)	(343)
Retained earnings	998.4	847.1
Stockholders' equity before treasury stock	4,863.5	4,598
Less: cost of common stock in treasury, 1.6 million shares	(18)	(18)
Total stockholders’ equity	4,845.5	4,580
Total liabilities and stockholders’ equity	16,140.9	16,107.5
Class A Non-Voting Common Stock [Member]
Stockholders’ equity (Note 9):
Common stock

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts receivable	$ 10.6	$ 9.4
Accumulated amortization of finite-lived intangible assets	$ 1,690.6	$ 1,360.2
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	255,300,000	252,400,000
Common stock, shares outstanding	253,700,000	250,800,000
Treasury stock, shares	1,600,000	1,600,000
Class A Non-Voting Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Total revenues	$ 1,148	$ 895.8	$ 2,285.2	$ 1,317.7
Cost of revenues:
Total cost of revenues	649.1	603.5	1,311	833
Gross profit	498.9	292.3	974.2	484.7
Operating expenses:
Selling and marketing	86.3	54.2	173.3	85.4
Research and development	93.6	89.6	188.4	128.5
General and administrative	95.5	108.1	187	140.2
Transaction expenses		91.1		94.5
Total operating expenses	275.4	343	548.7	448.6
Operating income (loss)	223.5	(50.7)	425.5	36.1
Interest expense, net	(104.3)	(70.2)	(205.9)	(95.6)
Other income, net	33.9	0.6	37.4	1.1
Equity in earnings of unconsolidated affiliates, net	2.2	1.1	2.2	1.1
Loss on extinguishment of debt		(44.4)	(7.1)	(44.4)
Income (loss) before income taxes	155.3	(163.6)	252.1	(101.7)
Provision (benefit) for income taxes	34.2	(99.9)	50.2	(89.2)
Net income (loss)	$ 121.1	$ (63.7)	$ 201.9	$ (12.5)
Basic earnings (loss) per share	$ 0.48	$ (0.27)	$ 0.80	$ (0.06)
Diluted earnings (loss) per share	$ 0.45	$ (0.27)	$ 0.76	$ (0.06)
Basic weighted average number of common shares outstanding	253.3	236.9	252.4	222
Diluted weighted average number of common and common equivalent shares outstanding	266.2	236.9	265	222
Net income (loss)	$ 121.1	$ (63.7)	$ 201.9	$ (12.5)
Other comprehensive (loss) income, net of tax:
Change in unrealized loss on interest rate swaps	(2.8)		(2.8)
Foreign currency exchange translation adjustment	(11)	(35.7)	30.8	(30.4)
Total other comprehensive (loss) income, net of tax	(13.8)	(35.7)	28	(30.4)
Comprehensive income (loss)	107.3	(99.4)	229.9	(42.9)
Software-enabled Services [Member]
Revenues:
Total revenues	962.7	741.6	1,934.7	1,036.4
Cost of revenues:
Total cost of revenues	573.1	523	1,160	690.4
License, Maintenance and Related [Member]
Revenues:
Total revenues	185.3	154.2	350.5	281.3
Cost of revenues:
Total cost of revenues	$ 76	$ 80.5	$ 151	$ 142.6

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flow from operating activities:
Net income (loss)	$ 201.9	$ (12.5)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	392.7	196.7
Equity in earnings of unconsolidated affiliates, net	(2.2)	(1.1)
Net gains on investments	(37)
Stock-based compensation expense	38.6	57.7
Amortization and write-offs of loan origination costs and original issue discounts	8.8	6
Loss on extinguishment of debt, net		44.4
Loss on sale or disposition of property and equipment	2.8	0.2
Deferred income taxes	(64.7)	(89.8)
Provision for doubtful accounts	2.2	1.6
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable	14.5	43
Prepaid expenses and other assets	27.5	45.5
Contract assets	(19.1)	23.4
Accounts payable	7	(98.2)
Accrued expenses	(140.3)	(32.7)
Income taxes prepaid and payable	(13.7)	(70.2)
Deferred revenue	(2.4)	5.7
Net cash provided by operating activities	416.6	119.7
Cash flow from investing activities:
Additions to property and equipment	(27)	(22.4)
Proceeds from sale of property and equipment		4.7
Cash paid for business acquisitions, net of cash acquired	3.2	(4,622.3)
Additions to capitalized software	(32.5)	(16.5)
Investments in securities	(0.2)	(4.3)
Collection of other non-current receivables	5.2
Proceeds from sales / maturities of investments	22.5	11.7
Proceeds from unconsolidated affiliates	2.1	0.3
Net cash used in investing activities	(26.7)	(4,648.8)
Cash flow from financing activities:
Cash received from debt borrowings	2,140	6,873.7
Repayments of debt	(2,554.9)	(2,622.8)
Net (decrease) increase in client funds obligations	(6.1)	374.8
Proceeds from exercise of stock options	66.4	55.3
Withholding taxes paid related to equity award net share settlement	(18.8)	(10.6)
Fees paid for debt extinguishment and refinancing activities	(5.8)	(68.6)
Proceeds from common stock issuance, net		1,399
Dividends paid on common stock	(50.6)	(31.4)
Net cash (used in) provided by financing activities	(429.8)	5,969.4
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0.4	(1.9)
Net (decrease) increase in cash, cash equivalents and restricted cash	(39.5)	1,438.4
Cash, cash equivalents and restricted cash, beginning of period	1,113.3	64.7
Cash, cash equivalents and restricted cash and cash equivalents, end of period	1,073.8	1,503.1
Reconciliation of cash, cash equivalents and restricted cash and cash equivalents:
Cash and cash equivalents	131.3	785.1
Restricted cash and cash equivalents	6.1	9.6
Funds receivable and funds held on behalf of clients	936.4	708.4
Cash and cash equivalents and restricted cash	$ 1,073.8	$ 1,503.1

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note 1—Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These accounting principles were applied on a basis consistent with those of the audited Consolidated Financial Statements contained in our Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission (the “SEC”) on March 1, 2019 (the “2018 Form 10-K”). In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments (consisting of only normal recurring adjustments, except as noted elsewhere in the notes to the Condensed Consolidated Financial Statements) necessary for a fair statement of our financial position as of June 30, 2019, the results of our operations for the three and six months ended June 30, 2019 and 2018, and our cash flows for the six months ended June 30, 2019 and 2018. These statements do not include all of the information and footnotes required by GAAP for annual financial statements. The Condensed Consolidated Financial Statements contained herein should be read in conjunction with the audited Consolidated Financial Statements and footnotes as of and for the year ended December 31, 2018, which were included in the 2018 Form 10-K. The December 31, 2018 Consolidated Balance Sheet data were derived from audited financial statements but do not include all disclosures required by GAAP for annual financial statements. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the expected results for any subsequent quarters or the full year. Recently Adopted Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements , which provides another transition method no longer requiring application to previously reported periods. We adopted ASU 2016-02 as of January 1, 2019. Prior period information was not restated and continues to be presented under ASC 840, Leases Our lease portfolio primarily consists of real estate office space with lease terms ranging from 1 to 15 years. Adoption of the new standard resulted in the recording of right-of-use assets and lease payment obligations for our real estate office leases of $387.6 million and $417.8 million, respectively, as of January 1, 2019. As of June 30, 2019, $56.2 million of the lease liability was included in other accrued expenses on the Condensed Consolidated Balance Sheet. The standard did not materially impact our Condensed Consolidated Statement of Comprehensive Income (Loss) or Condensed Consolidated Statement of Cash Flows. See Note 3, “Leases” for further details. Recent Accounting Pronouncements Not Yet Effective In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Property, Plant and Equipment, Net	Note 2—Property, Plant and equipment, net Property, plant and equipment and the related accumulated depreciation are as follows (in millions): June 30, 2019 December 31, 2018 Land $ 39.7 $ 54.8 Building and improvements 303.3 309.5 Equipment, furniture, and fixtures 403.7 384.7 746.7 749.0 Less: accumulated depreciation and amortization (252.7 ) (195.8 ) Total property, plant and equipment, net $ 494.0 $ 553.2 Depreciation expense for the three and six months ended June 30, 2019 was $31.1 million and $63.1 million, respectively. Depreciation expense for the three and six months ended June 30, 2018 was $28.5 million and $35.3 million, respectively.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Note 3—Leases We determine if our contractual agreements contain a lease at inception. A lease is identified when a contract allows us the right to control an identified asset for a period of time in exchange for consideration. Our lease agreements consist primarily of operating leases for office space. Our operating leases are included on the Condensed Consolidated Balance Sheets as operating lease assets and operating lease liabilities. An operating lease asset represents our right to use an underlying asset over the term of a lease while an operating lease liability represents our obligation to make lease payments arising from the lease. Operating lease liabilities are recognized at the commencement date at the present value of the base minimum rent payments. Operating lease assets are also recognized at the commencement date as the total operating lease liability adjusted for prepaid rents, deferred rent liabilities and lease fair value adjustments that existed under ASC 840. As most of our leases do not provide an implicit rate, we use our estimated secured incremental borrowing rate within each of the significant geographic regions in which we operate based on the information available at lease commencement date in determining the present value of lease payments. Our lease agreements typically do not contain variable lease payments, residual value guarantees, or restrictive covenants. Many of our leases include the option to renew, however we do not believe it is reasonably certain that we will exercise the options as each individual lease is evaluated and further negotiated prior to the end of the current lease terms. Generally, our lease agreements include required separate payments for non-lease components (e.g. payments for common area maintenance, real estate taxes and/or utilities) which are expensed as incurred. We do have certain lease agreements that contain bundled minimum payments for lease components (e.g. payments for rent) and non-lease components. In these situations, we have applied the practical expedient available under ASC 842 to not separate the lease and non-lease components for purposes of the right-of-use asset and lease payment obligation calculations. We have certain lease agreements with our unconsolidated real estate joint ventures. We recognized operating lease expense of $0.7 million and $1.4 million for the three and six months ended June 30, 2019, respectively, related to these lease agreements. Our total operating lease costs were $19.8 million and $39.7 million during the three and six months ended June 30, 2019, respectively. Cash paid for amounts included in operating lease liabilities was $18.6 million and $36.4 million during the three and six months ended June 30, 2019, respectively, and is included in operating cash flows. Our weighted average remaining lease term and weighted average discount rates as of June 30, 2019 were 8.4 years and 5.0%, respectively. Maturities of lease liabilities as of June 30, 2019 are as follows (in millions): Maturity of Lease Liabilities Operating Leases 2019 $ 39.0 2020 73.8 2021 71.3 2022 61.5 2023 50.8 Thereafter 213.9 Total lease payments $ 510.3 Less: Interest (111.7 ) Present value of lease liabilities $ 398.6 Future minimum rental payments under our non-cancelable operating leases as of December 31, 2018, as measured under ASC 840, Leases, were as follows (in millions): Future Minimum Lease Payments Operating Leases 2019 $ 83.8 2020 76.5 2021 71.2 2022 61.6 2023 53.5 Thereafter 204.3 Total lease payments $ 550.9 We have certain sublease agreements in place with 3 rd Maturities of lease payments to be received as of June 30, 2019 are as follows (in millions): Maturity of Lease Payments to be Received Operating Leases 2019 $ 4.4 2020 8.9 2021 7.3 2022 5.4 2023 5.1 Thereafter 11.9 Total lease payments $ 43.0

Investments

Investments	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Investments	Note 4—Investments Investments are as follows (in millions): June 30, 2019 December 31, 2018 Partnership interests in private equity funds $ 126.4 $ 102.1 Marketable equity securities 36.8 32.6 Non-marketable equity securities 45.5 45.0 Seed capital investments 0.1 10.3 Other investments — 0.5 Total investments $ 208.8 $ 190.5 Realized and unrealized gains and losses for our equity securities are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Unrealized gains on equity securities held as of the end of the period $ 30.1 $ 0.8 $ 37.5 $ 0.8 Realized losses for equity securities sold during the period (0.4 ) — (0.9 ) — Total gains recognized in other income, net $ 29.7 $ 0.8 $ 36.6 $ 0.8 Fair Value Measurement Authoritative accounting guidance on fair value measurements establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions. As of June 30, 2019 and December 31, 2018, we held certain investment assets and certain liabilities that are required to be measured at fair value on a recurring basis. These investments include money market funds, marketable equity securities and seed capital investments where fair value is determined using quoted prices in active markets. Accordingly, the fair value measurements of these investments have been classified as Level 1 in the tables below. Investments for which we elected net asset value as a practical expedient for fair value and investments measured using the fair value measurement alternative are excluded from the tables below. Fair value for deferred compensation liabilities that are credited with deemed gains or losses of the underlying hypothetical investments, primarily equity securities, have been classified as Level 1 in the tables below. The following tables present assets and liabilities measured at fair value on a recurring basis (in millions): Fair Value Measurements at Reporting Date Using June 30, 2019 Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 648.3 $ 648.3 $ — $ — Marketable equity securities (2) 36.8 36.8 — — Seed capital investments (2) 0.1 0.1 — — Deferred compensation liabilities (3) (24.4 ) (24.4 ) — — Total $ 660.8 $ 660.8 $ — $ — _____________________________________________________ (1) Included in Cash and cash equivalents and Funds receivable and funds held on behalf of clients on the Condensed Consolidated Balance Sheet. (2) Included in Investments on the Condensed Consolidated Balance Sheet. (3) Included in Other long-term liabilities on the Condensed Consolidated Balance Sheet. Fair Value Measurements at Reporting Date Using December 31, 2018 Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 558.0 $ 558.0 $ — $ — Marketable equity securities (2) 32.6 32.6 — — Seed capital investments (2) 10.3 10.3 — — Deferred compensation liabilities (3) (23.3 ) (23.3 ) — — Derivative instruments (4) (0.3 ) — (0.3 ) — Total $ 577.3 $ 577.6 $ (0.3 ) $ — _____________________________________________________ (1) Included in Cash and cash equivalents and Funds receivable and funds held on behalf of clients on the Condensed Consolidated Balance Sheet. (2) Included in Investments on the Condensed Consolidated Balance Sheet. (3) Included in Other long-term liabilities on the Condensed Consolidated Balance Sheet. (4) Included in Other accrued expenses on the Condensed Consolidated Balance Sheet. During the six months ended June 30, 2019, the fair value of our non-marketable equity securities was adjusted upward by $0.5 million. We have partnership interests in various private equity funds that are not included in the tables above. Our investments in private equity funds were $126.4 million at June 30, 2019, of which $119.2 million were measured using net asset value as a practical expedient for fair value and $7.2 million were accounted for under the equity method of accounting. The investments in private equity funds represent underlying investments in domestic and international markets across various industry sectors. One of our investments in private equity funds as of June 30, 2019, represented 82% of the value of the private equity fund investment portfolio. We have no management rights associated with our partnership interests in this fund and withdrawals from this fund are subject to general partner consent. This fund has a termination date in 2020 with an optional one-year extension at the discretion of the general partner. We expect to receive distributions from this fund upon liquidation of the underlying investments over the next several years, however the exact timing of the distributions is unknown. We have no unfunded commitments related to this fund. Future capital commitments related to our other private equity fund investments were approximately $1.8 million as of June 30, 2019. Generally, our investments in private equity funds are non-transferable or are subject to long holding periods, and withdrawals from the private equity firm partnerships are typically not permitted. Even when transfer restrictions do not apply, there is generally no public market for the securities. Therefore, we may not be able to sell the securities at a time when we desire to do so. We may not always be able to sell those investments at the same or higher prices than we paid for them. As of June 30, 2019, we did not have plans to sell any of these investments. The maximum risk of loss related to our private equity fund investments is limited to the carrying value of its investments in the entities plus any future capital commitments, which include future commitments that we believe are unlikely to be called by the general partner .

Unconsolidated Affiliates

Unconsolidated Affiliates	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Unconsolidated Affiliates	Note 5—Unconsolidated affiliates Investments in unconsolidated affiliates are as follows (in millions): Carrying Value Excess carrying value of investment over proportionate share of net assets Ownership Percentage June 30, 2019 June 30, 2019 International Financial Data Services L.P. 50% $ 95.5 $ 46.6 Pershing Road Development Company, LLC 50% 75.9 76.3 Broadway Square Partners, LLP 50% 52.3 32.9 Other unconsolidated affiliates 12.6 — Total $ 236.3 $ 155.8 Investments in unconsolidated affiliates are accounted for under the equity method of accounting. The total investment in unconsolidated affiliates, including basis differences, is included in Investments on the Condensed Consolidated Balance Sheet. We record our proportionate share of the results of the unconsolidated affiliates and amortization expense related to basis differences in Equity in earnings of unconsolidated affiliates, net on the Condensed Consolidated Statement of Comprehensive Income. One of the unconsolidated affiliates is a party to an interest rate swap agreement. We record our proportionate share of the change in value of the interest rate swap agreement in accumulated other comprehensive income (loss). Amounts reclassified from accumulated other comprehensive income (loss) to net income are recorded in equity in earnings of unconsolidated affiliates, net on the Condensed Consolidated Statement of Comprehensive Income (Loss). Equity in earnings of unconsolidated affiliates are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 International Financial Data Services L.P. $ 0.9 $ 1.1 $ 1.6 $ 1.1 Pershing Road Development Company, LLC 0.1 (0.5 ) 0.6 (0.5 ) Broadway Square Partners, LLP 0.3 0.1 0.5 0.1 Other unconsolidated affiliates 0.9 0.4 (0.5 ) 0.4 Total $ 2.2 $ 1.1 $ 2.2 $ 1.1

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Acquisitions	Note 6—Acquisitions The following unaudited pro forma information is provided for illustrative purposes only and assumes that the acquisitions of DST Systems, Inc. (“DST”), CACEIS North America, Eze Software Group, LLC and Intralinks Holdings, Inc. occurred on January 1, 2017, after giving effect to certain adjustments, including amortization of intangibles, interest, transaction costs and tax effects. This unaudited pro forma information (in millions, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenues $ 1,152.0 $ 1,156.1 $ 2,297.8 $ 2,309.8 Net income $ 124.1 $ 16.3 $ 211.3 $ 37.7

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 7—Goodwill The change in carrying value of goodwill as of and for the six months ended June 30, 2019 is as follows (in millions): Balance at December 31, 2018 $ 7,858.0 Adjustments to prior acquisitions (4.9 ) Effect of foreign currency translation 33.0 Balance at June 30, 2019 $ 7,886.1

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	Note 8—Debt At June 30, 2019 and December 31, 2018, debt consisted of the following (in millions): June 30, 2019 December 31, 2018 Senior secured credit facilities, weighted-average interest rate of 4.65% and 4.77%, respectively $ 5,906.0 $ 8,319.1 5.5% senior notes due 2027 2,000.0 — Other indebtedness 26.3 28.2 Unamortized original issue discount and debt issuance costs (89.2 ) (91.3 ) 7,843.1 8,256.0 Less current portion of long-term debt 63.2 87.5 Long-term debt $ 7,779.9 $ 8,168.5 Senior Notes On March 28, 2019, SS&C issued $2.0 billion aggregate principal amount of 5.5% Senior Notes due 2027 (“Senior Notes”), the proceeds of which were used to repay a portion of the outstanding Term B-3 Loan under our existing senior secured credit facilities. The Senior Notes are guaranteed, jointly and severally, by SS&C Holdings and all of its existing and future domestic restricted subsidiaries that guarantee our existing senior secured credit facilities or certain other indebtedness. The Senior Notes are unsecured senior obligations that are equal in right of payment to all of our existing and future senior unsecured indebtedness. Interest on the Senior Notes is payable on March 30 and September 30 of each year. At any time prior to March 30, 2022, we may, at our option, redeem the Senior Notes, in whole or in part, at a price equal to 100% of the principal amount of the Senior Notes, plus an applicable “make-whole” premium, plus accrued and unpaid interest to the redemption date. At any time on or after March 30, 2022, we may redeem some or all of the Senior Notes, in whole or in part, at the redemption prices set forth in the indenture governing the Senior Notes plus accrued and unpaid interest to the redemption date. In addition, at any time on or before March 30, 2022, we may redeem up to 40% of the aggregate principal amount of the Senior Notes at a redemption price equal to 105.5% of the principal amount thereof, plus accrued and unpaid interest to the redemption date, with the net proceeds of one or more equity offerings. The indenture governing the Senior Notes contains a number of covenants that restrict, subject to certain thresholds and exceptions, our ability and the ability of our domestic restricted subsidiaries to incur debt or liens, make certain investments, pay dividends, dispose of certain assets, or enter into transactions with its affiliates. Any event of default under the Credit Agreement that leads to an acceleration of those amounts due also results in a default under the indenture governing the Senior Notes. Debt issuance costs and loss on extinguishment of debt We evaluated the issuance of our Senior Notes and repayment of a portion of our , in accordance with FASB Accounting Standards Codification 470-50, Debt-Modifications and Extinguishments , for modification and extinguishment accounting. We accounted for the refinancing as a debt modification with respect to amounts that remained obligations of the same lender with minor changes in cash flows and as a debt extinguishment with respect to amounts that were obligations of lenders which remained but experienced a change in cash flows of greater than 10%. As a result, we capitalized an aggregate of $6.1 million in financing costs during the six months ended June 30, 2019. Other costs incurred by us in connection with the Senior Notes, of $7.1 million, which did not meet the criteria for capitalization, are included in Loss on extinguishment of debt in the Condensed Consolidated Statement of Comprehensive Income (Loss) during the six months ended June 30, 2019. Fair value of debt. The carrying amounts and fair values of financial instruments are as follows (in millions): June 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 5,906.0 $ 5,881.3 $ 8,319.1 $ 7,847.4 5.5% senior notes due 2027 2,000.0 2,075.0 — — Other indebtedness 26.3 26.5 28.2 28.3 The above fair values, which are Level 2 liabilities, were computed based on comparable quoted market prices. The fair values of cash, accounts receivable, net, short-term borrowings, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Stockholders' Equity	Note 9—Stockholders’ equity Changes in stockholders’ equity for the three and six months ended June 30, 2019 were as follows (in millions, except per share data): Common Stock Number Accumulated of Additional Other Total Issued Paid-in Retained Comprehensive Treasury Stockholders’ Shares Amount Capital Earnings (Loss) Income Stock Equity Balance, at December 31, 2018 252.4 $ 2.5 $ 4,091.4 $ 847.1 $ (343.0 ) $ (18.0 ) $ 4,580.0 Net income — — — 80.8 — — 80.8 Foreign exchange translation adjustment — — — — 41.8 — 41.8 Stock-based compensation expense — — 20.4 — — — 20.4 Exercise of options, net of withholding taxes 2.0 — 35.6 — — — 35.6 Cash dividends declared - $0.10 per share — — — (25.2 ) — — (25.2 ) Other — — — 0.1 — — 0.1 Balance, at March 31, 2019 254.4 $ 2.5 $ 4,147.4 $ 902.8 $ (301.2 ) $ (18.0 ) $ 4,733.5 Net income — — — 121.1 — — 121.1 Foreign exchange translation adjustment — — — — (11.0 ) — (11.0 ) Net change in interest rate swaps — — — — (2.8 ) — (2.8 ) Stock-based compensation expense — — 18.2 — — — 18.2 Exercise of options, net of withholding taxes 0.9 — 12.0 — — — 12.0 Cash dividends declared - $0.10 per share — — — (25.4 ) — — (25.4 ) Other — — — (0.1 ) — — (0.1 ) Balance, at June 30, 2019 255.3 $ 2.5 $ 4,177.6 $ 998.4 $ (315.0 ) $ (18.0 ) $ 4,845.5 Changes in stockholders’ equity for the three and six months ended June 30, 2018 were as follows (in millions, except per share data): Common Stock Number Accumulated of Additional Other Total Issued Paid-in Retained Comprehensive Treasury Stockholders’ Shares Amount Capital Earnings (Loss) Income Stock Equity Balance, at December 31, 2017 208.1 $ 2.1 $ 2,018.1 $ 766.9 $ (82.7 ) $ (18.0 ) $ 2,686.4 Net income — — — 51.3 — — 51.3 Foreign exchange translation adjustment — — — — 5.3 — 5.3 Stock-based compensation expense — — 12.7 — — — 12.7 Exercise of options, net of withholding taxes 1.3 — 27.0 — — — 27.0 Cumulative effect of accounting change — — — 47.9 — — 47.9 Cash dividends declared - $0.07 per share — — — (14.5 ) — — (14.5 ) Other — — — (0.1 ) — — (0.1 ) Balance, at March 31, 2018 209.4 $ 2.1 $ 2,057.8 $ 851.5 $ (77.4 ) $ (18.0 ) $ 2,816.0 Net loss — — — (63.7 ) — — (63.7 ) Foreign exchange translation adjustment — — — — (35.7 ) — (35.7 ) Stock-based compensation expense — — 39.1 — — — 39.1 Exercise of options, net of withholding taxes 1.5 — 17.7 — — — 17.7 Non-cash purchase price consideration — — 48.1 — — — 48.1 Issuance of common stock 30.3 0.3 1,398.8 — — — 1,399.1 Cash dividends declared - $0.07 per share — — — (16.9 ) — — (16.9 ) Balance, at June 30, 2018 241.2 $ 2.4 $ 3,561.5 $ 770.9 $ (113.1 ) $ (18.0 ) $ 4,203.7 Dividends . In 2019, we paid a quarterly cash dividend of $0.10 per share of common stock totaling $50.6 million in the aggregate. In 2018, we paid a quarterly cash dividend of $0.07 per share of common stock totaling $31.4 million in the aggregate. Accumulated Accumulated other comprehensive (loss) income balances, net of tax consist of the following (in millions): Interest Rate Swap Foreign Currency Translation Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2018 $ — $ (343.0 ) $ (343.0 ) Net current period other comprehensive (loss) income (2.8 ) 30.8 28.0 Balance, June 30, 2019 $ (2.8 ) $ (312.2 ) $ (315.0 ) Adjustments to accumulated other comprehensive income (loss) are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Pretax Tax Effect Pretax Tax Effect Pretax Tax Effect Pretax Tax Effect Interest Rate Swap Unrealized losses on interest rate swaps $ (4.3 ) $ 1.0 $ — $ — $ (4.3 ) $ 1.0 $ — $ — Reclassification of (gains) losses into net earnings on interest rate swaps 0.5 — — — 0.5 — — — Net change in cash flow hedges (3.8 ) 1.0 — — (3.8 ) 1.0 — — Foreign Currency Translation Current period translation adjustments (10.8 ) (0.2 ) (36.0 ) 0.3 31.1 (0.3 ) (30.7 ) 0.3 Net cumulative translation adjustments (10.8 ) (0.2 ) (36.0 ) 0.3 31.1 (0.3 ) (30.7 ) 0.3 Total other comprehensive (loss) income $ (14.6 ) $ 0.8 $ (36.0 ) $ 0.3 $ 27.3 $ 0.7 $ (30.7 ) $ 0.3

Revenues

Revenues	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenues	Note 10—Revenues We generate revenues primarily through our software-enabled services. Our software-enabled services are generally provided under contracts with initial terms of one to five years that require monthly or quarterly payments and are subject to automatic annual renewal at the end of the initial term unless terminated by either party. We also generate revenues by licensing our software to clients through either perpetual or term licenses and by selling maintenance services. Maintenance services are generally provided under annually renewable contracts. Our pricing typically scales as a function of our clients’ assets under management, the complexity of asset classes managed, the volume of transactions, and the level of service the client requires. Revenues from professional services consist mostly of services provided on a time and materials basis. Deferred revenues primarily represent unrecognized fees billed or collected for maintenance and professional services. Deferred revenues are recognized as (or when) we perform under the contract. Deferred revenues are recorded on a net basis with contract assets at the contract level. Accordingly, as of June 30, 2019 and December 31, 2018, approximately $39.9 million and $32.4 million, respectively, of deferred revenue is presented net within contract assets arising from the same contracts. The amount of revenues recognized in the period that was included in the opening deferred revenues balance was $59.6 million and $146.4 million for the three and six months ended June 30, 2019, respectively. The amount of revenues recognized in the period that was included in the opening deferred revenues balance was $54.4 million and $131.0 million for the three and six months ended June 30, 2018, respectively. As of June 30, 2019, revenue of approximately $364.4 million is expected to be recognized from remaining performance obligations for license, maintenance and related revenues, of which $208.7 million is expected to be recognized over the next twelve months. We record revenue net of any taxes assessed by governmental authorities. Revenue Disaggregation The following table disaggregates our revenues by geography (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 United States $ 841.9 $ 646.0 $ 1,670.3 $ 948.7 United Kingdom 164.9 144.7 331.2 176.7 Europe (excluding United Kingdom), Middle East and Africa 49.2 35.0 97.5 62.8 Asia-Pacific and Japan 48.4 35.4 100.0 64.4 Canada 27.4 22.8 54.5 41.1 Americas, excluding United States and Canada 16.2 11.9 31.7 24.0 Total $ 1,148.0 $ 895.8 $ 2,285.2 $ 1,317.7 The following table disaggregates our revenues by source (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Software-enabled services $ 962.7 $ 741.6 $ 1,934.7 $ 1,036.4 Maintenance and term licenses 155.9 123.2 286.0 230.9 Professional services 21.0 22.6 41.0 37.6 Perpetual licenses 8.4 8.4 23.5 12.8 Total $ 1,148.0 $ 895.8 $ 2,285.2 $ 1,317.7

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Stock Based Compensation	Note 11—Stock Based Compensation Total stock options, SARs, RSUs and RSAs . The amount of stock-based compensation expense recognized in our Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2019 and 2018 was as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, Condensed Consolidated Statements of Comprehensive Income (Loss) Classification 2019 2018 2019 2018 Cost of software-enabled services $ 7.1 $ 17.9 $ 15.7 $ 21.4 Cost of license, maintenance and other related 1.2 1.2 2.6 2.3 Total cost of revenues 8.3 19.1 18.3 23.7 Selling and marketing 3.0 4.1 6.0 6.8 Research and development 2.3 2.6 4.9 4.7 General and administrative 4.6 19.2 9.4 22.5 Total operating expenses 9.9 25.9 20.3 34.0 Total stock-based compensation expense $ 18.2 $ 45.0 $ 38.6 $ 57.7 The following table summarizes stock option and stock appreciation rights (“SARs”) activity as of and for the six months ended June 30, 2019 (shares in millions): Shares Outstanding at December 31, 2018 39.8 Granted 0.1 Cancelled/forfeited (0.8 ) Exercised (2.7 ) Outstanding at June 30, 2019 36.4 The following table summarizes restricted stock unit (“RSUs”) activity as of and for the six months ended June 30, 2019 (shares in millions): Shares Outstanding at December 31, 2018 1.4 Cancelled/forfeited (0.1 ) Vested (0.7 ) Outstanding at June 30, 2019 0.6

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 12—Income Taxes The effective tax rate was 22.0% and (61.0)% for the three months ended June 30, 2019 and 2018, respectively and 19.9% and (87.7)% for the six months ended June 30, 2019 and 2018, respectively. The change in the effective tax rate for the three and six months ended June 30, 2019 compared to the respective prior year periods was primarily due to the acquisition of DST during the three months ended June 30, 2018 and the relative impact of permanent book to tax differences on reduced pre-tax book income in 2018 that occurred as a result .

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings per Share	Note 13—Earnings per Share Earnings per share (“EPS”) is calculated in accordance with the relevant standards. Basic EPS includes no dilution and is computed by dividing net income available to our common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of stock options, SARs, RSUs and restricted stock awards (“RSAs”) using the treasury stock method. Common equivalent shares are excluded from the computation of diluted earnings per share if the effect of including such common equivalent shares is anti-dilutive because their total assumed proceeds exceed the average fair value of common stock for the period. The following table sets forth the computation of basic and diluted EPS (in millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net income (loss) $ 121.1 $ (63.7 ) $ 201.9 $ (12.5 ) Shares: Weighted average common shares outstanding — used in calculation of basic EPS 253.3 236.9 252.4 222.0 Weighted average common stock equivalents — options and restricted shares 12.9 — 12.6 — Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS 266.2 236.9 265.0 222.0 Earnings (loss) per share - Basic $ 0.48 $ (0.27 ) $ 0.80 $ (0.06 ) Earnings (loss) per share - Diluted $ 0.45 $ (0.27 ) $ 0.76 $ (0.06 ) Stock options and SARs representing 4.1 and 4.4 million shares were outstanding for the three and six months ended June 30, 2019, respectively, but were not included in the computation of diluted EPS because the effect of including them would be anti-dilutive. No dilutive securities have been included in the diluted EPS calculation for the three and six months ended June 30, 2018 due to our reported net loss for the three and six months then ended.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14—Commitments and Contingencies From time to time, we are subject to legal proceedings and claims. In the opinion of management, we are not involved in any litigation or proceedings that would have a material adverse effect on us or our business. Legal Proceedings A putative class action suit was filed against DST, the Compensation Committee of DST’s Board of Directors, the Advisory Committee of DST Systems, Inc. 401(k) Profit Sharing Plan (the “Plan”) and certain of DST’s present and/or former officers and directors, alleging breach of fiduciary duties and other violations of the Employee Retirement Income Security Act. On September 1, 2017, a complaint was filed purportedly on behalf of the Plan in the Southern District of New York, captioned Ferguson, et al v. Ruane Cunniff & Goldfarb Inc., et al., naming as defendants DST, the Compensation Committee of DST’s Board of Directors, the Advisory Committee of the Plan and certain of DST’s present and/or former officers and directors. We continue to defend this case vigorously. We have not yet determined what effect this lawsuit will have, if any, on our financial position or results of operations. In connection with an investigation of the Plan and the activities of its fiduciaries, the U.S. Department of Labor through its Employee Benefits Security Administration issued a letter dated February 23, 2018 stating that, based on facts gathered, it appeared that certain fiduciaries of the Plan may have breached their fiduciary obligations and violated certain provisions of the Employee Retirement Income Security Act in connection with the administration of the Plan. The letter stated that if the fiduciaries fail to take corrective action, the matter may be referred to the Office of the Solicitor of Labor for possible legal action. The letter further stated that if the fiduciaries take proper corrective action based on a settlement agreement with the Department of Labor, it will not bring a lawsuit with regard to these issues, and close its investigation without further action. In March 2019, DST agreed to extend the statute of limitations applicable to such a lawsuit based on a request from the Department of Labor as its investigation is ongoing. We have not yet determined what effect this matter will have, if any, on our financial position or results of operations. On September 28, 2018, a complaint was filed in the United States District Court for the Southern District of New York captioned Robert Canfield, et al. v. SS&C Technologies Holdings, Inc., et al., Case No. l 8-cv-8913, on behalf of five individual plaintiffs. The complaint names as defendants SS&C Technologies Holdings, Inc., DST, The Advisory Committee of the DST Systems, Inc. 401(k) Profit Sharing Plan, The Compensation Committee of the Board of Directors of DST Systems, Inc., and Ruane, Cunniff & Goldfarb, Inc. The underlying claim is the same as in the above-described Ferguson matter, with the exception that it is an individual action and not a putative class action. DST, the Advisory Committee of the Plan, and the Compensation Committee of DST’s Board of Directors have been named in 377 substantially similar individual demands for arbitration through July 26, 2019, by former and current DST employees demanding arbitration under the DST Employee Arbitration Program and Agreement. The underlying claim in each is the same as in the above-described Ferguson matter, with the exception that each is an individual claim and not a putative class action. As of July 26, 2019, the parties jointly submitted 315 of the demands for arbitration to the American Arbitration Association. The remaining demands for arbitration have not yet been submitted.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements , which provides another transition method no longer requiring application to previously reported periods. We adopted ASU 2016-02 as of January 1, 2019. Prior period information was not restated and continues to be presented under ASC 840, Leases Our lease portfolio primarily consists of real estate office space with lease terms ranging from 1 to 15 years. Adoption of the new standard resulted in the recording of right-of-use assets and lease payment obligations for our real estate office leases of $387.6 million and $417.8 million, respectively, as of January 1, 2019. As of June 30, 2019, $56.2 million of the lease liability was included in other accrued expenses on the Condensed Consolidated Balance Sheet. The standard did not materially impact our Condensed Consolidated Statement of Comprehensive Income (Loss) or Condensed Consolidated Statement of Cash Flows. See Note 3, “Leases” for further details.
Recent Accounting Pronouncements Not Yet Effective	Recent Accounting Pronouncements Not Yet Effective In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Schedule of Property, Plant and Equipment and Related Accumulated Depreciation	Property, plant and equipment and the related accumulated depreciation are as follows (in millions): June 30, 2019 December 31, 2018 Land $ 39.7 $ 54.8 Building and improvements 303.3 309.5 Equipment, furniture, and fixtures 403.7 384.7 746.7 749.0 Less: accumulated depreciation and amortization (252.7 ) (195.8 ) Total property, plant and equipment, net $ 494.0 $ 553.2

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of June 30, 2019 are as follows (in millions): Maturity of Lease Liabilities Operating Leases 2019 $ 39.0 2020 73.8 2021 71.3 2022 61.5 2023 50.8 Thereafter 213.9 Total lease payments $ 510.3 Less: Interest (111.7 ) Present value of lease liabilities $ 398.6
Schedule of Future Minimum Rental Payments under Non-cancelable Operating Leases	Future minimum rental payments under our non-cancelable operating leases as of December 31, 2018, as measured under ASC 840, Leases, were as follows (in millions): Future Minimum Lease Payments Operating Leases 2019 $ 83.8 2020 76.5 2021 71.2 2022 61.6 2023 53.5 Thereafter 204.3 Total lease payments $ 550.9
Schedule of Maturities of Lease Payments to be Received	Maturities of lease payments to be received as of June 30, 2019 are as follows (in millions): Maturity of Lease Payments to be Received Operating Leases 2019 $ 4.4 2020 8.9 2021 7.3 2022 5.4 2023 5.1 Thereafter 11.9 Total lease payments $ 43.0

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Summary of Investments	Investments are as follows (in millions): June 30, 2019 December 31, 2018 Partnership interests in private equity funds $ 126.4 $ 102.1 Marketable equity securities 36.8 32.6 Non-marketable equity securities 45.5 45.0 Seed capital investments 0.1 10.3 Other investments — 0.5 Total investments $ 208.8 $ 190.5
Schedule of Realized and Unrealized Gains and Losses on Investments	Realized and unrealized gains and losses for our equity securities are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Unrealized gains on equity securities held as of the end of the period $ 30.1 $ 0.8 $ 37.5 $ 0.8 Realized losses for equity securities sold during the period (0.4 ) — (0.9 ) — Total gains recognized in other income, net $ 29.7 $ 0.8 $ 36.6 $ 0.8
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present assets and liabilities measured at fair value on a recurring basis (in millions): Fair Value Measurements at Reporting Date Using June 30, 2019 Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 648.3 $ 648.3 $ — $ — Marketable equity securities (2) 36.8 36.8 — — Seed capital investments (2) 0.1 0.1 — — Deferred compensation liabilities (3) (24.4 ) (24.4 ) — — Total $ 660.8 $ 660.8 $ — $ — _____________________________________________________ (1) Included in Cash and cash equivalents and Funds receivable and funds held on behalf of clients on the Condensed Consolidated Balance Sheet. (2) Included in Investments on the Condensed Consolidated Balance Sheet. (3) Included in Other long-term liabilities on the Condensed Consolidated Balance Sheet. Fair Value Measurements at Reporting Date Using December 31, 2018 Quoted prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds (1) $ 558.0 $ 558.0 $ — $ — Marketable equity securities (2) 32.6 32.6 — — Seed capital investments (2) 10.3 10.3 — — Deferred compensation liabilities (3) (23.3 ) (23.3 ) — — Derivative instruments (4) (0.3 ) — (0.3 ) — Total $ 577.3 $ 577.6 $ (0.3 ) $ — _____________________________________________________ (1) Included in Cash and cash equivalents and Funds receivable and funds held on behalf of clients on the Condensed Consolidated Balance Sheet. (2) Included in Investments on the Condensed Consolidated Balance Sheet. (3) Included in Other long-term liabilities on the Condensed Consolidated Balance Sheet. (4) Included in Other accrued expenses on the Condensed Consolidated Balance Sheet.

Unconsolidated Affiliates (Tabl

Unconsolidated Affiliates (Tables)	6 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Schedule of Investments in Unconsolidated Affiliates	Investments in unconsolidated affiliates are as follows (in millions): Carrying Value Excess carrying value of investment over proportionate share of net assets Ownership Percentage June 30, 2019 June 30, 2019 International Financial Data Services L.P. 50% $ 95.5 $ 46.6 Pershing Road Development Company, LLC 50% 75.9 76.3 Broadway Square Partners, LLP 50% 52.3 32.9 Other unconsolidated affiliates 12.6 — Total $ 236.3 $ 155.8
Schedule of Equity in Earnings of Unconsolidated Affiliates	Equity in earnings of unconsolidated affiliates are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 International Financial Data Services L.P. $ 0.9 $ 1.1 $ 1.6 $ 1.1 Pershing Road Development Company, LLC 0.1 (0.5 ) 0.6 (0.5 ) Broadway Square Partners, LLP 0.3 0.1 0.5 0.1 Other unconsolidated affiliates 0.9 0.4 (0.5 ) 0.4 Total $ 2.2 $ 1.1 $ 2.2 $ 1.1

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Summary of Unaudited Pro Forma Information	The following unaudited pro forma information is provided for illustrative purposes only and assumes that the acquisitions of DST Systems, Inc. (“DST”), CACEIS North America, Eze Software Group, LLC and Intralinks Holdings, Inc. occurred on January 1, 2017, after giving effect to certain adjustments, including amortization of intangibles, interest, transaction costs and tax effects. This unaudited pro forma information (in millions, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenues $ 1,152.0 $ 1,156.1 $ 2,297.8 $ 2,309.8 Net income $ 124.1 $ 16.3 $ 211.3 $ 37.7

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Change in Carrying Value of Goodwill	The change in carrying value of goodwill as of and for the six months ended June 30, 2019 is as follows (in millions): Balance at December 31, 2018 $ 7,858.0 Adjustments to prior acquisitions (4.9 ) Effect of foreign currency translation 33.0 Balance at June 30, 2019 $ 7,886.1

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Component of Debt	At June 30, 2019 and December 31, 2018, debt consisted of the following (in millions): June 30, 2019 December 31, 2018 Senior secured credit facilities, weighted-average interest rate of 4.65% and 4.77%, respectively $ 5,906.0 $ 8,319.1 5.5% senior notes due 2027 2,000.0 — Other indebtedness 26.3 28.2 Unamortized original issue discount and debt issuance costs (89.2 ) (91.3 ) 7,843.1 8,256.0 Less current portion of long-term debt 63.2 87.5 Long-term debt $ 7,779.9 $ 8,168.5
Schedule of Carrying Amounts and Fair Values of Financial Instruments	The carrying amounts and fair values of financial instruments are as follows (in millions): June 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 5,906.0 $ 5,881.3 $ 8,319.1 $ 7,847.4 5.5% senior notes due 2027 2,000.0 2,075.0 — — Other indebtedness 26.3 26.5 28.2 28.3

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Changes in stockholders' Equity	Changes in stockholders’ equity for the three and six months ended June 30, 2019 were as follows (in millions, except per share data): Common Stock Number Accumulated of Additional Other Total Issued Paid-in Retained Comprehensive Treasury Stockholders’ Shares Amount Capital Earnings (Loss) Income Stock Equity Balance, at December 31, 2018 252.4 $ 2.5 $ 4,091.4 $ 847.1 $ (343.0 ) $ (18.0 ) $ 4,580.0 Net income — — — 80.8 — — 80.8 Foreign exchange translation adjustment — — — — 41.8 — 41.8 Stock-based compensation expense — — 20.4 — — — 20.4 Exercise of options, net of withholding taxes 2.0 — 35.6 — — — 35.6 Cash dividends declared - $0.10 per share — — — (25.2 ) — — (25.2 ) Other — — — 0.1 — — 0.1 Balance, at March 31, 2019 254.4 $ 2.5 $ 4,147.4 $ 902.8 $ (301.2 ) $ (18.0 ) $ 4,733.5 Net income — — — 121.1 — — 121.1 Foreign exchange translation adjustment — — — — (11.0 ) — (11.0 ) Net change in interest rate swaps — — — — (2.8 ) — (2.8 ) Stock-based compensation expense — — 18.2 — — — 18.2 Exercise of options, net of withholding taxes 0.9 — 12.0 — — — 12.0 Cash dividends declared - $0.10 per share — — — (25.4 ) — — (25.4 ) Other — — — (0.1 ) — — (0.1 ) Balance, at June 30, 2019 255.3 $ 2.5 $ 4,177.6 $ 998.4 $ (315.0 ) $ (18.0 ) $ 4,845.5 Changes in stockholders’ equity for the three and six months ended June 30, 2018 were as follows (in millions, except per share data): Common Stock Number Accumulated of Additional Other Total Issued Paid-in Retained Comprehensive Treasury Stockholders’ Shares Amount Capital Earnings (Loss) Income Stock Equity Balance, at December 31, 2017 208.1 $ 2.1 $ 2,018.1 $ 766.9 $ (82.7 ) $ (18.0 ) $ 2,686.4 Net income — — — 51.3 — — 51.3 Foreign exchange translation adjustment — — — — 5.3 — 5.3 Stock-based compensation expense — — 12.7 — — — 12.7 Exercise of options, net of withholding taxes 1.3 — 27.0 — — — 27.0 Cumulative effect of accounting change — — — 47.9 — — 47.9 Cash dividends declared - $0.07 per share — — — (14.5 ) — — (14.5 ) Other — — — (0.1 ) — — (0.1 ) Balance, at March 31, 2018 209.4 $ 2.1 $ 2,057.8 $ 851.5 $ (77.4 ) $ (18.0 ) $ 2,816.0 Net loss — — — (63.7 ) — — (63.7 ) Foreign exchange translation adjustment — — — — (35.7 ) — (35.7 ) Stock-based compensation expense — — 39.1 — — — 39.1 Exercise of options, net of withholding taxes 1.5 — 17.7 — — — 17.7 Non-cash purchase price consideration — — 48.1 — — — 48.1 Issuance of common stock 30.3 0.3 1,398.8 — — — 1,399.1 Cash dividends declared - $0.07 per share — — — (16.9 ) — — (16.9 ) Balance, at June 30, 2018 241.2 $ 2.4 $ 3,561.5 $ 770.9 $ (113.1 ) $ (18.0 ) $ 4,203.7
Schedule of Accumulated Other Comprehensive (Loss) Income Balances, Net of Tax	Accumulated Accumulated other comprehensive (loss) income balances, net of tax consist of the following (in millions): Interest Rate Swap Foreign Currency Translation Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2018 $ — $ (343.0 ) $ (343.0 ) Net current period other comprehensive (loss) income (2.8 ) 30.8 28.0 Balance, June 30, 2019 $ (2.8 ) $ (312.2 ) $ (315.0 )
Schedule of Adjustments to Accumulated Other Comprehensive Income (Loss)	Adjustments to accumulated other comprehensive income (loss) are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Pretax Tax Effect Pretax Tax Effect Pretax Tax Effect Pretax Tax Effect Interest Rate Swap Unrealized losses on interest rate swaps $ (4.3 ) $ 1.0 $ — $ — $ (4.3 ) $ 1.0 $ — $ — Reclassification of (gains) losses into net earnings on interest rate swaps 0.5 — — — 0.5 — — — Net change in cash flow hedges (3.8 ) 1.0 — — (3.8 ) 1.0 — — Foreign Currency Translation Current period translation adjustments (10.8 ) (0.2 ) (36.0 ) 0.3 31.1 (0.3 ) (30.7 ) 0.3 Net cumulative translation adjustments (10.8 ) (0.2 ) (36.0 ) 0.3 31.1 (0.3 ) (30.7 ) 0.3 Total other comprehensive (loss) income $ (14.6 ) $ 0.8 $ (36.0 ) $ 0.3 $ 27.3 $ 0.7 $ (30.7 ) $ 0.3

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Disaggregation of Revenues by Geography and Source	The following table disaggregates our revenues by geography (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 United States $ 841.9 $ 646.0 $ 1,670.3 $ 948.7 United Kingdom 164.9 144.7 331.2 176.7 Europe (excluding United Kingdom), Middle East and Africa 49.2 35.0 97.5 62.8 Asia-Pacific and Japan 48.4 35.4 100.0 64.4 Canada 27.4 22.8 54.5 41.1 Americas, excluding United States and Canada 16.2 11.9 31.7 24.0 Total $ 1,148.0 $ 895.8 $ 2,285.2 $ 1,317.7 The following table disaggregates our revenues by source (in millions): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Software-enabled services $ 962.7 $ 741.6 $ 1,934.7 $ 1,036.4 Maintenance and term licenses 155.9 123.2 286.0 230.9 Professional services 21.0 22.6 41.0 37.6 Perpetual licenses 8.4 8.4 23.5 12.8 Total $ 1,148.0 $ 895.8 $ 2,285.2 $ 1,317.7

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Stock-Based Compensation Expense Recognized	Total stock options, SARs, RSUs and RSAs . The amount of stock-based compensation expense recognized in our Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2019 and 2018 was as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, Condensed Consolidated Statements of Comprehensive Income (Loss) Classification 2019 2018 2019 2018 Cost of software-enabled services $ 7.1 $ 17.9 $ 15.7 $ 21.4 Cost of license, maintenance and other related 1.2 1.2 2.6 2.3 Total cost of revenues 8.3 19.1 18.3 23.7 Selling and marketing 3.0 4.1 6.0 6.8 Research and development 2.3 2.6 4.9 4.7 General and administrative 4.6 19.2 9.4 22.5 Total operating expenses 9.9 25.9 20.3 34.0 Total stock-based compensation expense $ 18.2 $ 45.0 $ 38.6 $ 57.7
Summary of Stock Option and Stock Appreciation Rights ("SARs") Activity	The following table summarizes stock option and stock appreciation rights (“SARs”) activity as of and for the six months ended June 30, 2019 (shares in millions): Shares Outstanding at December 31, 2018 39.8 Granted 0.1 Cancelled/forfeited (0.8 ) Exercised (2.7 ) Outstanding at June 30, 2019 36.4
Summary of Restricted Stock Unit ("RSUs") Activity	The following table summarizes restricted stock unit (“RSUs”) activity as of and for the six months ended June 30, 2019 (shares in millions): Shares Outstanding at December 31, 2018 1.4 Cancelled/forfeited (0.1 ) Vested (0.7 ) Outstanding at June 30, 2019 0.6

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted EPS	The following table sets forth the computation of basic and diluted EPS (in millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net income (loss) $ 121.1 $ (63.7 ) $ 201.9 $ (12.5 ) Shares: Weighted average common shares outstanding — used in calculation of basic EPS 253.3 236.9 252.4 222.0 Weighted average common stock equivalents — options and restricted shares 12.9 — 12.6 — Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS 266.2 236.9 265.0 222.0 Earnings (loss) per share - Basic $ 0.48 $ (0.27 ) $ 0.80 $ (0.06 ) Earnings (loss) per share - Diluted $ 0.45 $ (0.27 ) $ 0.76 $ (0.06 )

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Jan. 01, 2019
Basis Of Presentation [Line Items]
Operating lease right-of-use assets	$ 366.5
Lease liabilities for operating leases	398.6
Real Estate Office Space [Member]
Basis Of Presentation [Line Items]
Lease liabilities for operating leases current	$ 56.2
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherAccruedLiabilitiesCurrent
Real Estate Office Space [Member] | Minimum [Member]
Basis Of Presentation [Line Items]
Operating lease, term	1 year
Real Estate Office Space [Member] | Maximum [Member]
Basis Of Presentation [Line Items]
Operating lease, term	15 years
Real Estate Office Space [Member] | ASU 2016-02 [Member]
Basis Of Presentation [Line Items]
Operating lease right-of-use assets		$ 387.6
Lease liabilities for operating leases		$ 417.8

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment and Related Accumulated Depreciation (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 746.7	$ 749
Less: accumulated depreciation and amortization	(252.7)	(195.8)
Total property, plant and equipment, net	494	553.2
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	39.7	54.8
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	303.3	309.5
Equipment, Furniture, and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 403.7	$ 384.7

Property, Plant and Equipment_4

Property, Plant and Equipment, Net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Property Plant And Equipment [Abstract]
Depreciation expense	$ 31.1	$ 28.5	$ 63.1	$ 35.3

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Lessee Lease Description [Line Items]
Operating lease, existence of residual value guarantee [true false]		false
Operating lease, option to extend, description		Many of our leases include the option to renew, however we do not believe it is reasonably certain that we will exercise the options as each individual lease is evaluated and further negotiated prior to the end of the current lease terms.
Operating lease, assumptions allocation of lease and nonlease component, description		Generally, our lease agreements include required separate payments for non-lease components (e.g. payments for common area maintenance, real estate taxes and/or utilities) which are expensed as incurred. We do have certain lease agreements that contain bundled minimum payments for lease components (e.g. payments for rent) and non-lease components. In these situations, we have applied the practical expedient available under ASC 842 to not separate the lease and non-lease components for purposes of the right-of-use asset and lease payment obligation calculations.
Operating lease costs	$ 19.8	$ 39.7
Cash paid for operating lease liabilities included in operating cashflows	$ 18.6	$ 36.4
Weighted average remaining lease term	8 years 4 months 24 days	8 years 4 months 24 days
Weighted average discount rates	5.00%	5.00%
Real Estate Office Space [Member]
Lessee Lease Description [Line Items]
Total gross sublease and other rental income	$ 2.2	$ 4.7
Lease Agreements [Member]
Lessee Lease Description [Line Items]
Operating lease expense	$ 0.7	$ 1.4

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Detail) $ in Millions	Jun. 30, 2019USD ($)
Maturity of Lease Liabilities
2019	$ 39
2020	73.8
2021	71.3
2022	61.5
2023	50.8
Thereafter	213.9
Total lease payments	510.3
Less: Interest	(111.7)
Present value of lease liabilities	$ 398.6

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Payments under Non-cancelable Operating Leases (Detail) $ in Millions	Dec. 31, 2018USD ($)
Future Minimum Lease Payments
2019	$ 83.8
2020	76.5
2021	71.2
2022	61.6
2023	53.5
Thereafter	204.3
Total lease payments	$ 550.9

Leases - Schedule of Maturiti_2

Leases - Schedule of Maturities of Lease Payments to be Received (Detail) $ in Millions	Jun. 30, 2019USD ($)
Maturity of Lease Payments to be Received
2019	$ 4.4
2020	8.9
2021	7.3
2022	5.4
2023	5.1
Thereafter	11.9
Total lease payments	$ 43

Investments - Summary of Invest

Investments - Summary of Investments (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Total investments	$ 208.8	$ 190.5
Partnership Interests in Private Equity Funds [Member]
Schedule of Investments [Line Items]
Total investments	126.4	102.1
Marketable Equity Securities [Member]
Schedule of Investments [Line Items]
Total investments	36.8	32.6
Non Marketable Equity Securities [Member]
Schedule of Investments [Line Items]
Total investments	45.5	45
Seed Capital Investments [Member]
Schedule of Investments [Line Items]
Total investments	$ 0.1	10.3
Other Investments [Member]
Schedule of Investments [Line Items]
Total investments		$ 0.5

Investments - Schedule of Reali

Investments - Schedule of Realized and Unrealized Gains and Losses on Investments (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Investments Debt And Equity Securities [Abstract]
Unrealized gains on equity securities held as of the end of the period	$ 30.1	$ 0.8	$ 37.5	$ 0.8
Realized losses for equity securities sold during the period	(0.4)		(0.9)
Total gains recognized in other income, net	$ 29.7	$ 0.8	$ 36.6	$ 0.8

Investments - Summary of Assets

Investments - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Deferred compensation liabilities	$ (24.4)	$ (23.3)
Derivative instruments		(0.3)
Total	660.8	577.3
Money Market Funds [Member]
Schedule of Investments [Line Items]
Investments measured at fair value	648.3	558
Marketable Equity Securities [Member]
Schedule of Investments [Line Items]
Investments measured at fair value	36.8	32.6
Seed Capital Investments [Member]
Schedule of Investments [Line Items]
Investments measured at fair value	0.1	10.3
Quoted prices in Active Markets for Identical Assets (Level 1) [Member]
Schedule of Investments [Line Items]
Deferred compensation liabilities	(24.4)	(23.3)
Total	660.8	577.6
Quoted prices in Active Markets for Identical Assets (Level 1) [Member] | Money Market Funds [Member]
Schedule of Investments [Line Items]
Investments measured at fair value	648.3	558
Quoted prices in Active Markets for Identical Assets (Level 1) [Member] | Marketable Equity Securities [Member]
Schedule of Investments [Line Items]
Investments measured at fair value	36.8	32.6
Quoted prices in Active Markets for Identical Assets (Level 1) [Member] | Seed Capital Investments [Member]
Schedule of Investments [Line Items]
Investments measured at fair value	$ 0.1	10.3
Significant Other Observable Inputs (Level 2) [Member]
Schedule of Investments [Line Items]
Derivative instruments		(0.3)
Total		$ (0.3)

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Total investments	$ 208,800,000	$ 190,500,000
Investments in private equity funds percentage	82.00%
Private equity fund termination date	2020
Private equity fund termination extension period	1 year
Unfunded commitments	$ 0
Non Marketable Equity Securities [Member]
Schedule of Investments [Line Items]
Fair value, adjusted upward	500,000
Total investments	45,500,000	45,000,000
Partnership Interests in Private Equity Funds [Member]
Schedule of Investments [Line Items]
Total investments	126,400,000	$ 102,100,000
Investments, fair value	119,200,000
Equity method investments, fair value	7,200,000
Other Private Equity Fund [Member]
Schedule of Investments [Line Items]
Investments, fair value	$ 1,800,000

Unconsolidated Affiliates - Sch

Unconsolidated Affiliates - Schedule of Investments in Unconsolidated Affiliates (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Carrying Value	$ 236.3	$ 239.3
Excess carrying value of investment over proportionate share of net assets	$ 155.8
International Financial Data Services L.P. [Member]
Schedule of Investments [Line Items]
Ownership Percentage	50.00%
Carrying Value	$ 95.5
Excess carrying value of investment over proportionate share of net assets	$ 46.6
Pershing Road Development Company, LLC [Member]
Schedule of Investments [Line Items]
Ownership Percentage	50.00%
Carrying Value	$ 75.9
Excess carrying value of investment over proportionate share of net assets	$ 76.3
Broadway Square Partners, LLP [Member]
Schedule of Investments [Line Items]
Ownership Percentage	50.00%
Carrying Value	$ 52.3
Excess carrying value of investment over proportionate share of net assets	32.9
Other Unconsolidated Affiliates [Member]
Schedule of Investments [Line Items]
Carrying Value	$ 12.6

Unconsolidated Affiliates - S_2

Unconsolidated Affiliates - Schedule of Equity in Earnings of Unconsolidated Affiliates (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule of Investments [Line Items]
Equity in earnings of unconsolidated affiliates	$ 2.2	$ 1.1	$ 2.2	$ 1.1
International Financial Data Services L.P. [Member]
Schedule of Investments [Line Items]
Equity in earnings of unconsolidated affiliates	0.9	1.1	1.6	1.1
Pershing Road Development Company, LLC [Member]
Schedule of Investments [Line Items]
Equity in earnings of unconsolidated affiliates	0.1	(0.5)	0.6	(0.5)
Broadway Square Partners, LLP [Member]
Schedule of Investments [Line Items]
Equity in earnings of unconsolidated affiliates	0.3	0.1	0.5	0.1
Other Unconsolidated Affiliates [Member]
Schedule of Investments [Line Items]
Equity in earnings of unconsolidated affiliates	$ 0.9	$ 0.4	$ (0.5)	$ 0.4

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Combinations [Abstract]
Revenues	$ 1,152	$ 1,156.1	$ 2,297.8	$ 2,309.8
Net income	$ 124.1	$ 16.3	$ 211.3	$ 37.7

Goodwill - Summary of Change in

Goodwill - Summary of Change in Carrying Value of Goodwill (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 7,858
Adjustments to prior acquisitions	(4.9)
Effect of foreign currency translation	33
Ending balance	$ 7,886.1

Debt - Component of Debt (Detai

Debt - Component of Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Other indebtedness	$ 26.3	$ 28.2
Unamortized original issue discount and debt issuance costs	(89.2)	(91.3)
Debt	7,843.1	8,256
Less current portion of long-term debt	63.2	87.5
Long-term debt	7,779.9	8,168.5
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Long-term debt gross	5,906	$ 8,319.1
Senior Notes [Member] | 5.5% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Long-term debt gross	$ 2,000

Debt - Component of Debt (Paren

Debt - Component of Debt (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Debt, weighted-average interest rate of credit facility	4.65%	4.77%
Senior Notes [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Debt, interest rate	5.50%	5.50%
Debt, due date	2027

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Mar. 28, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt		$ (44.4)	$ (7.1)	$ (44.4)
Minimum [Member]
Debt Instrument [Line Items]
Percentage of change in cash flows due to debt extinguishment obligation			10.00%
Senior Notes [Member]
Debt Instrument [Line Items]
Capitalized financing costs, aggregate amount			$ 6.1
Gain (loss) on extinguishment of debt			$ (7.1)
Senior Notes [Member] | 5.5% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 2,000
Debt, interest rate	5.50%
Debt, due date	2027
Debt instrument, redemption of aggregate principal amount, percentage			40.00%
Senior Notes [Member] | 5.5% Senior Notes due 2027 [Member] | On or Before March 30, 2022, Redemption May Up to 40% [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price equal to principal amount, percentage			105.50%
Senior Notes [Member] | 5.5% Senior Notes due 2027 [Member] | Prior to March 30, 2022, Rdemption May Whole or in Part [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price equal to principal amount, percentage			100.00%

Debt - Schedule of Carrying Amo

Debt - Schedule of Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Carrying Amount [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	$ 5,906	$ 8,319.1
Carrying Amount [Member] | 5.5% Senior Notes due 2027 [Member]
Financial liabilities:
Senior notes	2,000
Carrying Amount [Member] | Other Indebtedness [Member]
Financial liabilities:
Credit facility	26.3	28.2
Fair Value [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	5,881.3	7,847.4
Fair Value [Member] | 5.5% Senior Notes due 2027 [Member]
Financial liabilities:
Credit facility	2,075
Fair Value [Member] | Other Indebtedness [Member]
Financial liabilities:
Credit facility	$ 26.5	$ 28.3

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in stockholders' Equity (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Class Of Stock [Line Items]
Beginning balance	$ 4,733.5	$ 4,580	$ 2,816	$ 2,686.4	$ 4,580	$ 2,686.4
Beginning balance, shares		252.4			252.4
Net income (loss)	121.1	$ 80.8	(63.7)	51.3	$ 201.9	(12.5)
Foreign exchange translation adjustment	(11)	41.8	(35.7)	5.3	30.8	(30.4)
Net change in interest rate swaps	(2.8)				(2.8)
Stock-based compensation expense	18.2	20.4	39.1	12.7
Exercise of options, net of withholding taxes	12	35.6	17.7	27
Cumulative effect of accounting change				47.9
Non-cash purchase price consideration			48.1
Issuance of common stock			1,399.1
Cash dividends declared	(25.4)	(25.2)	(16.9)	(14.5)
Other	(0.1)	0.1		(0.1)
Ending balance	$ 4,845.5	4,733.5	4,203.7	2,816	$ 4,845.5	4,203.7
Ending balance, shares	255.3				255.3
Common Stock [Member]
Class Of Stock [Line Items]
Beginning balance	$ 2.5	$ 2.5	$ 2.1	$ 2.1	$ 2.5	$ 2.1
Beginning balance, shares	254.4	252.4	209.4	208.1	252.4	208.1
Exercise of options, net of withholding taxes, shares	0.9	2	1.5	1.3
Issuance of common stock			$ 0.3
Issuance of common stock, shares			30.3
Ending balance	$ 2.5	$ 2.5	$ 2.4	$ 2.1	$ 2.5	$ 2.4
Ending balance, shares	255.3	254.4	241.2	209.4	255.3	241.2
Additional Paid-in Capital [Member]
Class Of Stock [Line Items]
Beginning balance	$ 4,147.4	$ 4,091.4	$ 2,057.8	$ 2,018.1	$ 4,091.4	$ 2,018.1
Stock-based compensation expense	18.2	20.4	39.1	12.7
Exercise of options, net of withholding taxes	12	35.6	17.7	27
Non-cash purchase price consideration			48.1
Issuance of common stock			1,398.8
Ending balance	4,177.6	4,147.4	3,561.5	2,057.8	4,177.6	3,561.5
Retained Earnings [Member]
Class Of Stock [Line Items]
Beginning balance	902.8	847.1	851.5	766.9	847.1	766.9
Net income (loss)	121.1	80.8	(63.7)	51.3
Cumulative effect of accounting change				47.9
Cash dividends declared	(25.4)	(25.2)	(16.9)	(14.5)
Other	(0.1)	0.1		(0.1)
Ending balance	998.4	902.8	770.9	851.5	998.4	770.9
Accumulated Other Comprehensive (Loss) Income [Member]
Class Of Stock [Line Items]
Beginning balance	(301.2)	(343)	(77.4)	(82.7)	(343)	(82.7)
Foreign exchange translation adjustment	(11)	41.8	(35.7)	5.3
Net change in interest rate swaps	(2.8)
Ending balance	(315)	(301.2)	(113.1)	(77.4)	(315)	(113.1)
Treasury Stock [Member]
Class Of Stock [Line Items]
Beginning balance	(18)	(18)	(18)	(18)	(18)	(18)
Ending balance	$ (18)	$ (18)	$ (18)	$ (18)	$ (18)	$ (18)

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Changes in stockholders' Equity (Parenthetical) (Detail) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Equity [Abstract]
Cash dividends declared per share	$ 0.10	$ 0.10	$ 0.07	$ 0.07

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Quarterly cash dividend paid	$ 0.10	$ 0.10	$ 0.07	$ 0.07
Dividends paid on common stock					$ 50.6	$ 31.4

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of Accumulated Other Comprehensive (Loss) Income Balances, Net of Tax (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	$ 4,733.5	$ 2,816	$ 4,580	$ 2,686.4
Net current period other comprehensive (loss) income	(13.8)	(35.7)	28	(30.4)
Ending balance	4,845.5	4,203.7	4,845.5	4,203.7
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Net current period other comprehensive (loss) income			(2.8)
Ending balance	(2.8)		(2.8)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance			(343)
Net current period other comprehensive (loss) income			30.8
Ending balance	(312.2)		(312.2)
Accumulated Other Comprehensive (Loss) Income [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(301.2)	(77.4)	(343)	(82.7)
Net current period other comprehensive (loss) income			28
Ending balance	$ (315)	$ (113.1)	$ (315)	$ (113.1)

Stockholders' Equity - Schedu_4

Stockholders' Equity - Schedule of Adjustments to Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income, Pretax	$ (14.6)	$ (36)	$ 27.3	$ (30.7)
Other comprehensive (loss) income, Tax Effect	0.8	0.3	0.7	0.3
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), before reclassifications, Pretax	(4.3)		(4.3)
Reclassification of (gains) losses into net earnings on interest rate swaps, Pretax	0.5		0.5
Other comprehensive (loss) income, Pretax	(3.8)		(3.8)
Other comprehensive income (loss) before reclassifications, Tax Effect	1		1
Other comprehensive (loss) income, Tax Effect	1		1
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), before reclassifications, Pretax	(10.8)	(36)	31.1	(30.7)
Other comprehensive (loss) income, Pretax	(10.8)	(36)	31.1	(30.7)
Other comprehensive income (loss) before reclassifications, Tax Effect	(0.2)	0.3	(0.3)	0.3
Other comprehensive (loss) income, Tax Effect	$ (0.2)	$ 0.3	$ (0.3)	$ 0.3

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Deferred Revenue Arrangement [Line Items]
Deferred revenue presented net within contract assets arising from contract			$ 39.9		$ 32.4
Deferred revenue recognized	$ 59.6	$ 54.4	146.4	$ 131
Revenue expected to be recognized from remaining performance obligations	$ 364.4		$ 364.4
Minimum [Member] | Software-enabled Services [Member]
Deferred Revenue Arrangement [Line Items]
Revenue recognition period			1 year
Maximum [Member] | Software-enabled Services [Member]
Deferred Revenue Arrangement [Line Items]
Revenue recognition period			5 years

Revenues - Additional Informa_2

Revenues - Additional Information (Details 1) $ in Millions	Jun. 30, 2019USD ($)
Deferred Revenue Arrangement [Line Items]
Revenue expected to be recognized from remaining performance obligations	$ 364.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-07-01
Deferred Revenue Arrangement [Line Items]
Revenue expected to be recognized from remaining performance obligations	$ 208.7
Revenue expected to be recognized from remaining performance obligations period	12 months

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues by Geography (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	$ 1,148	$ 895.8	$ 2,285.2	$ 1,317.7
United States [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	841.9	646	1,670.3	948.7
United Kingdom [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	164.9	144.7	331.2	176.7
Europe (excluding United Kingdom), Middle East and Africa [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	49.2	35	97.5	62.8
Asia-Pacific and Japan [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	48.4	35.4	100	64.4
Canada [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	27.4	22.8	54.5	41.1
Americas, excluding United States and Canada [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	$ 16.2	$ 11.9	$ 31.7	$ 24

Revenues - Disaggregation of _2

Revenues - Disaggregation of Revenues by Source (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	$ 1,148	$ 895.8	$ 2,285.2	$ 1,317.7
Software-enabled Services [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	962.7	741.6	1,934.7	1,036.4
Maintenance and Term Licenses [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	155.9	123.2	286	230.9
Professional Services [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	21	22.6	41	37.6
Perpetual Licenses [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	$ 8.4	$ 8.4	$ 23.5	$ 12.8

Stock Based Compensation - Sche

Stock Based Compensation - Schedule of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 18.2	$ 45	$ 38.6	$ 57.7
Total Cost of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	8.3	19.1	18.3	23.7
Total Cost of Revenues [Member] | Software-enabled Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	7.1	17.9	15.7	21.4
Total Cost of Revenues [Member] | License, Maintenance and Other Related [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1.2	1.2	2.6	2.3
Selling and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3	4.1	6	6.8
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2.3	2.6	4.9	4.7
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4.6	19.2	9.4	22.5
Total Operating Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 9.9	$ 25.9	$ 20.3	$ 34

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Stock Option and Stock Appreciation Rights ("SARs") Activity (Detail)	6 Months Ended
	Jun. 30, 2019shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Outstanding Opening	39,800,000
Granted	100,000
Cancelled/forfeited	(800,000)
Exercised	(2,700,000)
Number of Shares, Outstanding Closing	36,400,000

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Restricted Stock Unit ("RSUs") Activity (Detail) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding Opening	1,400,000
Cancelled/forfeited	(100,000)
Vested	(700,000)
Number of Shares, Outstanding Closing	600,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	22.00%	(61.00%)	19.90%	(87.70%)

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ 121.1	$ 80.8	$ (63.7)	$ 51.3	$ 201.9	$ (12.5)
Shares:
Weighted average common shares outstanding — used in calculation of basic EPS	253.3		236.9		252.4	222
Weighted average common stock equivalents — options and restricted shares	12.9				12.6
Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS	266.2		236.9		265	222
Earnings (loss) per share - Basic	$ 0.48		$ (0.27)		$ 0.80	$ (0.06)
Earnings (loss) per share - Diluted	$ 0.45		$ (0.27)		$ 0.76	$ (0.06)

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - Stock options and SARs [Member] - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Line Items]
Anti-dilutive shares not included in computation of diluted EPS	4,100,000		4,400,000
Dilutive securities		0		0