Teradata (TDC) 10-Q6 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares shares in Millions	6 Months Ended
Cover - shares shares in Millions	Jun. 30, 2024	Jul. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-33458
Entity Registrant Name	TERADATA CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-3236470
Entity Address, Address Line One	17095 Via Del Campo
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92127
City Area Code	866
Local Phone Number	548-8348
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TDC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		96.1
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	Q2
Entity Central Index Key	0000816761
Current Fiscal Year End Date	--12-31

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue
Revenue	$ 436	$ 462	$ 901	$ 938
Cost of revenue
Cost of revenue	171	186	352	360
Gross profit	265	276	549	578
Operating expenses
Selling, general and administrative expenses	131	167	292	320
Research and development expenses	68	76	143	146
Total operating expenses	199	243	435	466
Income from operations	66	33	114	112
Other expense, net
Interest expense	(7)	(7)	(15)	(14)
Interest income	2	8	6	15
Other expense	(6)	(10)	(18)	(31)
Total other expense, net	(11)	(9)	(27)	(30)
Income before income taxes	55	24	87	82
Income tax expense	18	7	30	25
Net income	$ 37	$ 17	$ 57	$ 57
Net income per common share
Basic (in dollars per share)	$ 0.38	$ 0.17	$ 0.59	$ 0.56
Diluted (in dollars per share)	$ 0.38	$ 0.17	$ 0.58	$ 0.55
Weighted average common shares outstanding
Basic (in shares)	96.5	101	97	101.2
Diluted (in shares)	97.4	102.9	98.9	103.3
Total recurring
Revenue
Revenue	$ 368	$ 371	$ 756	$ 760
Cost of revenue
Cost of revenue	110	107	222	205
Subscription software licenses
Revenue
Revenue	73	70	163	174
Cost of revenue
Cost of revenue	5	5	10	11
Services and other
Revenue
Revenue	295	301	593	586
Cost of revenue
Cost of revenue	105	102	212	194
Perpetual software licenses, hardware and other
Revenue
Revenue	5	13	13	26
Cost of revenue
Cost of revenue	5	12	13	23
Consulting services
Revenue
Revenue	63	78	132	152
Cost of revenue
Cost of revenue	$ 56	$ 67	$ 117	$ 132

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 37	$ 17	$ 57	$ 57
Other comprehensive income (loss):
Foreign currency translation adjustments	(5)	(3)	(15)	0
Unrealized gain (loss) on cross-currency net investment hedge, before tax	2	(2)	5	(3)
Unrealized gain (loss) on cross-currency net investment hedge, tax portion	0	0	(1)	0
Total currency translation adjustments	(3)	(5)	(11)	(3)
Derivatives:
Unrealized gain on derivatives, before tax	1	9	6	3
Unrealized gain on derivatives, tax portion	(1)	(2)	(2)	(1)
Unrealized gain on derivatives, net of tax	0	7	4	2
Defined benefit plans:
Defined benefit plan adjustment, before tax	2	2	4	4
Defined benefit plan adjustment, tax portion	0	(1)	(1)	(1)
Defined benefit plan adjustment, net of tax	2	1	3	3
Other comprehensive (loss) income	(1)	3	(4)	2
Comprehensive income	$ 36	$ 20	$ 53	$ 59

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 301	$ 486
Accounts receivable, net	248	286
Inventories	22	13
Other current assets	94	84
Total current assets	665	869
Property and equipment, net	209	239
Right of use assets - operating lease, net	7	9
Goodwill	395	398
Capitalized contract costs, net	52	68
Deferred income taxes	206	221
Other assets	88	69
Total assets	1,622	1,873
Current liabilities
Current portion of long-term debt	25	19
Current portion of finance lease liability	62	66
Current portion of operating lease liability	4	6
Accounts payable	85	100
Payroll and benefits liabilities	85	130
Deferred revenue	529	570
Other current liabilities	99	105
Total current liabilities	889	996
Long-term debt	467	480
Finance lease liability	48	63
Operating lease liability	4	6
Pension and other postemployment plan liabilities	93	102
Long-term deferred revenue	10	22
Deferred tax liabilities	7	8
Other liabilities	29	61
Total liabilities	1,547	1,738
Commitments and contingencies (Note 8)
Stockholders’ equity
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	0	0
Common stock: par value $0.01 per share, 500.0 shares authorized, 96.2 and 97.9 shares issued at June 30, 2024 and December 31, 2023, respectively	1	1
Paid-in capital	2,131	2,074
Accumulated deficit	(1,924)	(1,811)
Accumulated other comprehensive loss	(133)	(129)
Total stockholders’ equity	75	135
Total liabilities and stockholders’ equity	$ 1,622	$ 1,873

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100	100
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500	500
Common stock, shares issued (in shares)	96.2	97.9

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Operating activities
Net income	$ 37	$ 57	$ 57
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		53	59
Stock-based compensation expense		63	63
Deferred income taxes		8	2
Loss on Blue Chip Swap	1	3	0
Changes in assets and liabilities:
Receivables		38	99
Inventories		(9)	(1)
Current payables and accrued expenses		(64)	(30)
Deferred revenue		(53)	(64)
Other assets and liabilities		(26)	(27)
Net cash provided by operating activities		70	158
Investing activities
Expenditures for property and equipment		(9)	(6)
Additions to capitalized software		(1)	(1)
Other investing activities, net		(3)	0
Net cash used in investing activities		(13)	(7)
Financing activities
Repurchases of common stock		(171)	(154)
Repayments of long-term borrowings		(6)	0
Payments of finance leases		(37)	(41)
Other financing activities, net		(6)	(1)
Net cash used in financing activities		(220)	(196)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(22)	(20)
Decrease in cash, cash equivalents and restricted cash		(185)	(65)
Cash, cash equivalents and restricted cash at beginning of period		486	571
Cash, cash equivalents and restricted cash at end of period	301	301	506
Supplemental cash flow disclosure:
Assets acquired under operating lease		1	4
Assets acquired under finance lease		18	59
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:
Cash and cash equivalents	301	301
Restricted cash	0	0
Total cash, cash equivalents and restricted cash	$ 301	$ 301	$ 506

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2022		101
Stockholders’ equity, beginning balance at Dec. 31, 2022	$ 258	$ 1	$ 1,941	$ (1,565)	$ (119)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	40			40
Employee stock compensation, employee stock purchase programs and option exercises, net of tax (in shares)		3
Employee stock compensation, employee stock purchase programs and option exercises, net of tax	21		21
Repurchases of common stock, retired (in shares)		(2)
Repurchases of common stock, retired	(88)			(88)
Pension and postemployment benefit plans, net of tax	2				2
Unrealized gain on derivatives, net of tax	(5)				(5)
Currency translation adjustment	2				2
Stockholders’ equity, ending balance (in shares) at Mar. 31, 2023		102
Stockholders’ equity, ending balance at Mar. 31, 2023	230	$ 1	1,962	(1,613)	(120)
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2022		101
Stockholders’ equity, beginning balance at Dec. 31, 2022	258	$ 1	1,941	(1,565)	(119)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	57
Pension and postemployment benefit plans, net of tax	3
Unrealized gain on derivatives, net of tax	2
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2023		100
Stockholders’ equity, ending balance at Jun. 30, 2023	218	$ 1	2,002	(1,668)	(117)
Stockholders’ equity, beginning balance (in shares) at Mar. 31, 2023		102
Stockholders’ equity, beginning balance at Mar. 31, 2023	230	$ 1	1,962	(1,613)	(120)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17			17
Employee stock compensation, employee stock purchase programs and option exercises, net of tax	40		40
Repurchases of common stock, retired (in shares)		(2)
Repurchases of common stock, retired	(72)			(72)
Pension and postemployment benefit plans, net of tax	1				1
Unrealized gain on derivatives, net of tax	7				7
Currency translation adjustment	(5)				(5)
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2023		100
Stockholders’ equity, ending balance at Jun. 30, 2023	218	$ 1	2,002	(1,668)	(117)
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2023		98
Stockholders’ equity, beginning balance at Dec. 31, 2023	135	$ 1	2,074	(1,811)	(129)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20			20
Employee stock compensation, employee stock purchase programs and option exercises, net of tax (in shares)		3
Employee stock compensation, employee stock purchase programs and option exercises, net of tax	29		29
Repurchases of common stock, retired (in shares)		(3)
Repurchases of common stock, retired	(127)			(127)
Pension and postemployment benefit plans, net of tax	1				1
Unrealized gain on derivatives, net of tax	4				4
Currency translation adjustment	(8)				(8)
Stockholders’ equity, ending balance (in shares) at Mar. 31, 2024		98
Stockholders’ equity, ending balance at Mar. 31, 2024	54	$ 1	2,103	(1,918)	(132)
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2023		98
Stockholders’ equity, beginning balance at Dec. 31, 2023	135	$ 1	2,074	(1,811)	(129)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	57
Pension and postemployment benefit plans, net of tax	3
Unrealized gain on derivatives, net of tax	4
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2024		96
Stockholders’ equity, ending balance at Jun. 30, 2024	75	$ 1	2,131	(1,924)	(133)
Stockholders’ equity, beginning balance (in shares) at Mar. 31, 2024		98
Stockholders’ equity, beginning balance at Mar. 31, 2024	54	$ 1	2,103	(1,918)	(132)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	37			37
Employee stock compensation, employee stock purchase programs and option exercises, net of tax	28		28
Repurchase of common stock, settled	0		0
Repurchases of common stock, retired (in shares)		(2)
Repurchases of common stock, retired	(43)			(43)
Pension and postemployment benefit plans, net of tax	2				2
Unrealized gain on derivatives, net of tax	0				0
Currency translation adjustment	(3)				(3)
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2024		96
Stockholders’ equity, ending balance at Jun. 30, 2024	$ 75	$ 1	$ 2,131	$ (1,924)	$ (133)

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These statements have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC") and, in accordance with those rules and regulations, do not include all information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to fairly state the results of operations, financial position and cash flows of Teradata Corporation ("Teradata" or the "Company") for the interim periods presented herein. The year-end 2023 condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the reported amounts and disclosures. Actual results may vary from these estimates.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	Jun. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This standard requires disclosure of significant segment expenses and other segment items by reportable segment. This ASU becomes effective for annual periods beginning in 2024 and interim periods in 2025. We are assessing the impact of this ASU and upon adoption expect that any impact would be limited to additional segment expense disclosures in the footnotes to our Consolidated Financial Statements. In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." This standard enhances disclosures related to income taxes, including the rate reconciliation and information on income taxes paid. This ASU becomes effective January 1, 2025. We are assessing the impact of this ASU and upon adoption may be required to include certain additional disclosures in the footnotes to our Consolidated Financial Statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
Revenue from Contracts with Customers	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Disaggregation of Revenue from Contracts with Customers The following table presents a disaggregation of revenue: Three Months Ended June 30, Six Months Ended June 30, in millions 2024 2023 2024 2023 Americas Recurring $ 222 $ 230 $ 466 $ 486 Perpetual software licenses, hardware and other 2 3 7 8 Consulting services 26 35 54 66 Total Americas 250 268 527 560 EMEA Recurring 93 89 192 176 Perpetual software licenses, hardware and other 1 5 3 12 Consulting services 22 24 46 47 Total EMEA 116 118 241 235 APJ Recurring 53 52 98 98 Perpetual software licenses, hardware and other 2 5 3 6 Consulting services 15 19 32 39 Total APJ 70 76 133 143 Total Revenue $ 436 $ 462 $ 901 $ 938 Rental revenue, which is included in recurring revenue in the above table, was as follows: Three Months Ended June 30, Six Months Ended June 30, in millions 2024 2023 2024 2023 Rental revenue* $ 54 $ 56 $ 109 $ 107 *Rental revenue includes hardware maintenance. Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, contract assets, and customer advances and deposits (deferred revenue or contract liabilities) on the condensed consolidated balance sheet. Accounts receivable include amounts due from customers that are unconditional. Contract assets relate to the Company’s rights to consideration for goods delivered or services completed and recognized as revenue but billing and the right to receive payment is conditional upon the completion of other performance obligations. Contract assets are included in other current assets on the balance sheet and are transferred to accounts receivable when the rights become unconditional. Deferred revenue consists of advance payments and billings in excess of revenue recognized. Deferred revenue is classified as either current or noncurrent based on the timing of when the Company expects to recognize revenue. These assets and liabilities are reported on a contract-by-contract basis at the end of each reporting period. The following table provides information about receivables, contract assets and deferred revenue from contracts with customers: As of in millions June 30, 2024 December 31, 2023 Accounts receivable, net $ 248 $ 286 Contract assets $ 4 $ 9 Current deferred revenue $ 529 $ 570 Long-term deferred revenue $ 10 $ 22 Revenue recognized during the six months ended June 30, 2024 from amounts included in deferred revenue at the beginning of the period was $355 million. Transaction Price Allocated to Unsatisfied Obligations The following table includes estimated revenue expected to be recognized in the future related to the Company's unsatisfied (or partially satisfied) obligations at June 30, 2024: in millions Total at June 30, 2024 Year 1 Year 2 and Thereafter Remaining unsatisfied obligations $ 2,300 $ 1,367 $ 933 The amounts above represent the price of firm orders for which work has not been performed or goods have not been delivered and exclude unexercised contract options outside the stated contractual term that do not represent material rights to the customer. Although the Company believes that the contract value in the above table is firm, approximately $1,165 million of the amount is under contracts that are subject to customer-only general cancellation for convenience terms that the Company is contractually obligated to perform unless the customer notifies us of cancellation. The Company expects to recognize revenue of approximately $576 million in the next year from contracts that are non-cancelable. The Company believes the inclusion of this information is important to understanding the obligations that the Company is contractually required to perform and provides useful information regarding remaining obligations related to these executed contracts. The Company capitalizes sales commissions and other contract costs that are incremental direct costs of obtaining customer contracts if the expected amortization period of the asset is greater than one year. These costs are recorded in capitalized contract costs, net on the Company’s balance sheet. The capitalized amounts are calculated based on the annual recurring revenue and contract value for individual multi-term contracts. The judgments made in determining the amount of costs incurred include whether the commissions are in fact incremental and would not have occurred absent the customer contract. Costs to obtain a contract are amortized as selling, general and administrative expenses on a straight-line basis over the expected period of benefit, which is typically around four years. These costs are periodically reviewed for impairment. The following table identifies the activity relating to capitalized contract costs: in millions December 31, 2023 Capitalized Amortization June 30, 2024 Capitalized contract costs $ 68 $ 2 $ (18) $ 52 in millions December 31, 2022 Capitalized Amortization June 30, 2023 Capitalized contract costs $ 92 $ 6 $ (22) $ 76

Contract Costs

Contract Costs	6 Months Ended
Contract Costs	Jun. 30, 2024
Capitalized Contract Cost [Abstract]
Contract Costs	Revenue from Contracts with Customers Disaggregation of Revenue from Contracts with Customers The following table presents a disaggregation of revenue: Three Months Ended June 30, Six Months Ended June 30, in millions 2024 2023 2024 2023 Americas Recurring $ 222 $ 230 $ 466 $ 486 Perpetual software licenses, hardware and other 2 3 7 8 Consulting services 26 35 54 66 Total Americas 250 268 527 560 EMEA Recurring 93 89 192 176 Perpetual software licenses, hardware and other 1 5 3 12 Consulting services 22 24 46 47 Total EMEA 116 118 241 235 APJ Recurring 53 52 98 98 Perpetual software licenses, hardware and other 2 5 3 6 Consulting services 15 19 32 39 Total APJ 70 76 133 143 Total Revenue $ 436 $ 462 $ 901 $ 938 Rental revenue, which is included in recurring revenue in the above table, was as follows: Three Months Ended June 30, Six Months Ended June 30, in millions 2024 2023 2024 2023 Rental revenue* $ 54 $ 56 $ 109 $ 107 *Rental revenue includes hardware maintenance. Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, contract assets, and customer advances and deposits (deferred revenue or contract liabilities) on the condensed consolidated balance sheet. Accounts receivable include amounts due from customers that are unconditional. Contract assets relate to the Company’s rights to consideration for goods delivered or services completed and recognized as revenue but billing and the right to receive payment is conditional upon the completion of other performance obligations. Contract assets are included in other current assets on the balance sheet and are transferred to accounts receivable when the rights become unconditional. Deferred revenue consists of advance payments and billings in excess of revenue recognized. Deferred revenue is classified as either current or noncurrent based on the timing of when the Company expects to recognize revenue. These assets and liabilities are reported on a contract-by-contract basis at the end of each reporting period. The following table provides information about receivables, contract assets and deferred revenue from contracts with customers: As of in millions June 30, 2024 December 31, 2023 Accounts receivable, net $ 248 $ 286 Contract assets $ 4 $ 9 Current deferred revenue $ 529 $ 570 Long-term deferred revenue $ 10 $ 22 Revenue recognized during the six months ended June 30, 2024 from amounts included in deferred revenue at the beginning of the period was $355 million. Transaction Price Allocated to Unsatisfied Obligations The following table includes estimated revenue expected to be recognized in the future related to the Company's unsatisfied (or partially satisfied) obligations at June 30, 2024: in millions Total at June 30, 2024 Year 1 Year 2 and Thereafter Remaining unsatisfied obligations $ 2,300 $ 1,367 $ 933 The amounts above represent the price of firm orders for which work has not been performed or goods have not been delivered and exclude unexercised contract options outside the stated contractual term that do not represent material rights to the customer. Although the Company believes that the contract value in the above table is firm, approximately $1,165 million of the amount is under contracts that are subject to customer-only general cancellation for convenience terms that the Company is contractually obligated to perform unless the customer notifies us of cancellation. The Company expects to recognize revenue of approximately $576 million in the next year from contracts that are non-cancelable. The Company believes the inclusion of this information is important to understanding the obligations that the Company is contractually required to perform and provides useful information regarding remaining obligations related to these executed contracts. The Company capitalizes sales commissions and other contract costs that are incremental direct costs of obtaining customer contracts if the expected amortization period of the asset is greater than one year. These costs are recorded in capitalized contract costs, net on the Company’s balance sheet. The capitalized amounts are calculated based on the annual recurring revenue and contract value for individual multi-term contracts. The judgments made in determining the amount of costs incurred include whether the commissions are in fact incremental and would not have occurred absent the customer contract. Costs to obtain a contract are amortized as selling, general and administrative expenses on a straight-line basis over the expected period of benefit, which is typically around four years. These costs are periodically reviewed for impairment. The following table identifies the activity relating to capitalized contract costs: in millions December 31, 2023 Capitalized Amortization June 30, 2024 Capitalized contract costs $ 68 $ 2 $ (18) $ 52 in millions December 31, 2022 Capitalized Amortization June 30, 2023 Capitalized contract costs $ 92 $ 6 $ (22) $ 76

Supplemental Financial Informat

Supplemental Financial Information	6 Months Ended
Supplemental Financial Information	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Information	Supplemental Financial Information As of In millions June 30, December 31, Inventories Finished goods $ 21 $ 11 Service parts 1 2 Total inventories $ 22 $ 13 Deferred revenue Deferred revenue, current $ 529 $ 570 Long-term deferred revenue 10 22 Total deferred revenue $ 539 $ 592 Three Months Ended June 30, Six Months Ended June 30, In millions 2024 2023 2024 2023 Other expense Foreign currency losses $ 2 $ 7 $ 11 $ 25 Other 4 3 7 6 Total Other expense $ 6 $ 10 $ 18 $ 31 Argentina Blue Chip Swap Transaction The Central Bank of Argentina maintains currency controls that limit our ability to access U.S. dollars in Argentina and remit cash from our Argentine operations. There is a foreign exchange mechanism known as Blue Chip Swaps, which effectively results in a parallel U.S. dollar exchange rate. During the three and six months ended June 30, 2024, we entered into Blue Chip Swap transactions in order to remit cash from our Argentine operations that resulted in pre-tax loss on investment of $1 million and $3 million, respectively.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax provisions for interim periods are based on estimated annual income tax rates, adjusted to reflect the effects of any significant infrequent or unusual items which are required to be discretely recognized within the current interim period. The Company expects that a majority of its foreign earnings will be repatriated back to the United States ("U.S."). As a result, the effective tax rates in the periods presented are largely based upon the forecasted pre-tax earnings mix and allocation of certain expenses in various taxing jurisdictions where the Company conducts its business. The effective tax rate is as follows: Three Months Ended June 30, Six Months Ended June 30, In millions 2024 2023 2024 2023 Effective tax rate 32.7 % 29.2 % 34.5 % 30.5 % For the three months ended June 30, 2024, the Company recorded $1 million of net discrete tax expense, a majority of which related to additional tax expense from stock-based compensation vesting. For the three months ended June 30, 2023, the Company had no material discrete tax adjustments. For the six months ended June 30, 2024, the Company recorded $2 million of net discrete tax expense, a majority of which related to additional tax expense from stock-based compensation vesting. For the six months ended June 30, 2023, the Company recorded $2 million of net discrete tax benefits, a majority of which related to the excess tax benefit derived from stock-based compensation vesting. Effective January 1, 2024, many jurisdictions where we conduct business, including several European Union members and G20 countries, have enacted a 15% global minimum tax on the income generated in each of the jurisdictions in which we operate, referred to as "Pillar Two" of the Global Anti-Base Erosion rules framework that was undertaken by the Organization for Economic Co-operation and Development ("OECD"). We are continuing to monitor developments and evaluate the impacts of the Pillar Two rules, however, as of the date of this Report on Form 10-Q, we do not expect the Pillar Two rules to have a material impact to our annual effective tax rate. The Company estimates its annual effective tax rate for 2024 to be approximately 33.0% , which takes into consideration, among other things, the forecasted earnings mix by jurisdiction and the impact of discrete tax items to be recognized in 2024. Under U.S. tax law, U.S. shareholders are subject to a tax on global intangible low-taxed income ("GILTI") earned by certain foreign subsidiaries. The Company has elected to provide for the tax expense related to GILTI in the year in which the tax is incurred. Effective on January 1, 2022, the U.S. tax law changed and now requires R&D expenses to be capitalized and amortized for tax purposes under Internal Revenue Code Section 174, which increases the Company's GILTI tax liability. The Company is currently forecasting approximately $3 million of tax expense related to GILTI in our marginal effective tax rate for 2024.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
Derivative Instruments and Hedging Activities	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities As a portion of Teradata’s operations is conducted outside the U.S. and in currencies other than the U.S. dollar, the Company is exposed to potential gains and losses from changes in foreign currency exchange rates. In an attempt to mitigate the impact of currency fluctuations, the Company uses foreign exchange forward contracts to hedge transactional exposures resulting predominantly from foreign currency denominated inter-company receivables and payables. The forward contracts are designated as fair value hedges of specified foreign currency denominated inter-company receivables and payables and generally mature in three months or less. The fair values of foreign exchange contracts are based on market spot and forward exchange rates and represent estimates of possible value that may not be realized in the future. Across its portfolio of contracts, Teradata has both long and short positions relative to the U.S. dollar. As a result, Teradata’s net exposure is less than the total contract notional amount of the Company’s foreign exchange forward contracts. Gains and losses from foreign exchange forward contracts are fully recognized each period and reported along with the offsetting gain or loss of the related hedged item, either in cost of revenues, operating expenses or in other income (expense), depending on the nature of the related hedged item. During June 2022, Teradata entered into a cross-currency swap designated as a net investment hedge, to hedge the Euro currency exposure of its net investment in certain foreign subsidiaries. This agreement is a contract to exchange fixed-rate payments in one currency for fixed-rate payments in another currency. Changes in the fair value of this swap are recorded in Accumulated Other Comprehensive Loss in the same manner as foreign currency translation adjustments. In assessing the effectiveness of this hedge, the Company used a method based on changes in spot rates to measure the impact of the foreign currency exchange rate fluctuations on both its foreign subsidiary net investment and the related swap. The cross-currency swap contract has an expiration date of June 29, 2026. At maturity of the cross-currency swap contract, the Company will deliver the notional amount of €143 million and wil l receive $150 million from the counterparty. The Company will receive monthly interest payments from the counterparty based on a fixed interest rate until maturity of the agreements. In June 2022, Teradata refinanced its long-term debt and its associated interest rate swap ("Prior Interest Rate Swap"), which were due to mature in June 2023. As a result, Teradata terminated its five-year London Interbank Offered Rate ("Libor") interest rate swap that had a $500 million initial notional amount to hedge the floating interest rate of its Libor term loan. On June 28, 2022, Teradata executed a five-year Secured Overnight Financing Rate ("SOFR") interest rate swap, to fix the interest rate on approximately 90% of the principal balance of the $500 million term loan, with an initial notional amount of $450 million. The Company uses interest rate swaps to manage interest rate risks on future interest payments caused by interest rate changes on its variable rate term loan. The notional amount of the hedge steps down according to the amortization schedule of the term loan. The notional amount of the hedge was $450 million as of June 30, 2024. The Company performed an initial effectiveness assessment on the interest rate swap and the net investment hedge foreign currency swap, and the hedges were determined to be effective. The hedges are being evaluated qualitatively on a quarterly basis for effectiveness. Changes in fair value are recorded in Accumulated Other Comprehensive Loss and periodic settlements of the swap will be recorded in interest expense along with the interest on amounts outstanding under the term loan. The following table identifies the contract notional amount of the Company’s derivative financial instruments: As of In millions June 30, December 31, Contract notional amount of foreign exchange forward contracts $ 78 $ 178 Net contract notional amount of foreign exchange forward contracts $ 72 $ 1 Contract notional amount of foreign currency exchange (net investment hedge) $ 150 $ 150 Contract notional amount of interest rate swap $ 450 $ 450 All derivatives are recognized in the condensed consolidated balance sheets at their fair value. The notional amounts represent agreed-upon amounts on which calculations of dollars to be exchanged are based and are an indication of the extent of Teradata’s involvement in such instruments. These notional amounts do not represent amounts exchanged by the parties and, therefore, are not a measure of the instruments. Refer to Note 9 for disclosures related to the fair value of all derivative assets and liabilities. The Company does not hold or issue derivative financial instruments for trading purposes, nor does it hold or issue leveraged derivative instruments. By using derivative financial instruments to hedge exposures to changes in foreign exchange and interest rates, the Company exposes itself to credit risk. The Company manages exposure to counterparty credit risk by entering into derivative financial instruments with highly rated institutions that can be expected to fully perform under the terms of the applicable contracts.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings. In the ordinary course of business, the Company is subject to proceedings, lawsuits, governmental investigations, claims and other matters, including those that relate to the environment, health and safety, employee benefits, export compliance, intellectual property, tax matters, shareholder matters, and other regulatory compliance and general matters. It is not currently a party to any litigation, nor is it aware of any pending or threatened litigation against it, that the Company believes would materially affect its business, operating results, financial condition or cash flows, other than the following. On June 14, 2024, a putative securities class action lawsuit was filed against the Company and certain of its officers in the United States District Court for the Southern District of California, captioned Ostrander v. Teradata Corporation, No. 24-cv-01034 (S.D. Cal.). The complaint asserts claims for alleged violations of federal securities laws related to statements concerning the Company’s business and 2023 financial outlook for Total ARR and Public Cloud ARR. The plaintiff seeks to represent a class of certain persons who purchased or otherwise acquired the Company’s stock during the period from February 13, 2023 to February 12, 2024 and seeks unspecified damages and other relief. The Company disputes the allegations in the complaint and intends to defend the case vigorously. The case is at an early stage, and the Company cannot reasonably estimate the amount of any potential financial loss or cost that could result from this lawsuit. On June 19, 2018, the Company and certain of its subsidiaries filed a lawsuit (the "TD-SAP 1" suit) in the U.S. District Court for the Northern District of California against SAP SE, SAP America, Inc., and SAP Labs, LLC (collectively, "SAP"). In the TD-SAP 1 lawsuit, the Company alleged, among other things, that SAP misappropriated certain of the Company’s trade secrets within the Company’s enterprise data analytics and warehousing products and used such trade secrets to help develop, improve, introduce, and sell one or more competing products. The Company further alleged that SAP employed anticompetitive practices using its substantial market position in the enterprise resource planning applications market to pressure the Company’s customers and prospective customers to use one or more of SAP's competing products and reduce or eliminate customers' and prospective customers' use of the Company's offerings. The Company sought an injunction barring SAP’s alleged conduct, monetary damages, and other available legal and equitable relief. In July 2019, SAP filed patent infringement counterclaims against the Company based on five of SAP’s U.S. patents. On August 31, 2020, the Company filed a second lawsuit against SAP (the "TD-SAP 2" suit) in the U.S. District Court for the Northern District of California, in which the Company alleged infringement by SAP of four of the Company's U.S. patents. On February 16, 2021, SAP filed additional patent infringement counterclaims against the Company in response. On the same day, SAP also filed a lawsuit in Germany (the "TD-SAP 3" suit) for infringement of a single German patent. In November 2021, the district court dismissed the Company’s antitrust claims and most of its trade secret claims in the TD-SAP 1 suit. In December 2021, the Company appealed that decision to the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. That Court ruled the appeal should be heard by the Ninth Circuit Court of Appeals; the appeal was transferred to the Ninth Circuit and the court heard oral arguments on February 12, 2024, and the parties are awaiting the Court's ruling. In the meantime, the Company and SAP have entered into a partial settlement agreement that has resulted in full dismissal of all claims and counterclaims in the TD-SAP 2 suit in California and the TD-SAP 3 suit in Germany as well as a stay of all claims and counterclaims remaining in the TD-SAP 1 suit pending resolution of the Company’s appeal. Currently, it is not possible to determine the likelihood of a loss or a reasonably estimated range of loss, if any, pertaining to any of SAP’s remaining patent counterclaims in the TD-SAP 1 lawsuit. Other Contingencies. The Company provides its customers with certain indemnification rights. In general, the Company agrees to indemnify the customer if a third party asserts patent or other infringement on the part of the customer for its use of the Company’s offerings. The Company has indemnification obligations under its charter and bylaws to its officers and directors, and has entered into indemnification agreements with the officers and directors of its subsidiaries. From time to time, the Company also enters into agreements in connection with its acquisition and divestiture activities that include indemnification obligations by the Company. The fair value of these indemnification obligations is typically not readily determinable due to the conditional nature of the Company’s potential obligations and the specific facts and circumstances involved with each particular agreement. As such, the Company has generally not recorded a liability in connection with these indemnification arrangements. Historically, payments made by the Company under these types of agreements have not had a material effect on the Company’s consolidated financial condition, results of operations or cash flows. Concentrations of Risk . The Company is potentially subject to concentrations of credit risk on accounts receivable and financial instruments such as hedging instruments, and cash and cash equivalents. Credit risk includes the risk of nonperformance by counterparties. The maximum potential loss may exceed the amount recognized on the balance sheet. Exposure to credit risk is managed through credit approvals, credit limits, selecting major international financial institutions (as counterparties to hedging transactions) and monitoring procedures. Teradata’s business often involves large transactions with customers, and if one or more of those customers were to default in its obligations under applicable contractual arrangements, the Company could be exposed to potentially significant losses. However, management believes that the reserves for potential losses were adequate at June 30, 2024 and December 31, 2023. The Company is also potentially subject to concentrations of supplier risk. Our hardware components are assembled primarily by Flex Ltd. ("Flex"). Flex procures a wide variety of components used in the manufacturing process on behalf of the Company. Although many of these components are available from multiple sources, Teradata utilizes preferred supplier relationships to provide more consistent and optimal quality, cost and delivery. Typically, these preferred suppliers maintain alternative processes and/or facilities to ensure continuity of supply. Given the Company’s strategy to outsource its manufacturing activities to Flex and to source certain components from single suppliers, a disruption in production at Flex or at a supplier could impact the timing of customer shipments and/or Teradata’s operating results. In addition, a significant change in the forecasts to any of these preferred suppliers could result in purchase obligations for components that may be in excess of demand.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value measurements are established utilizing 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 for identical assets or liabilities; Level 2, defined as significant other observable inputs, such as quoted prices in active markets for similar assets or liabilities, or quoted prices in less-active markets for identical assets; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assets and liabilities measured at fair value on a recurring basis include money market funds, interest rate swaps, foreign currency swaps and foreign currency exchange contracts. A portion of the Company’s excess cash reserves are held in money market funds which generate interest income based on the prevailing market rates. Money market funds are included in cash and cash equivalents in the Company’s balance sheet. Money market fund holdings are measured at fair value using quoted market prices and are classified within Level 1 of the valuation hierarchy. When deemed appropriate, the Company minimizes its exposure to changes in foreign currency exchange rates through the use of derivative financial instruments, specifically, foreign exchange forward contracts. Additionally, in June 2022, Teradata executed a five-year interest rate swap with a $450 million initial notional amount in order to hedge the variable interest rate on its term loan and a four-year cross-currency swap with initial notional amounts of €143 million/$150 million, as a net investment hedge to hedge the Euro currency exposure of our net investment in certain foreign subsidiaries. The fair value of these contracts and swaps are measured at the end of each interim reporting period using observable inputs other than quoted prices, specifically market spot and forward exchange rates. As such, these derivative instruments are classified within Level 2 of the valuation hierarchy. Fair value of unrealized gains for open contracts are recorded in other assets and the fair value of unrealized losses are recorded in other liabilities in the Company's balance sheet. The fair value of foreign exchange forward contract assets and liabilities at June 30, 2024 and December 31, 2023 was not material. Realized gains and losses from the Company’s fair value and net investment hedges net of corresponding gains or losses on the underlying exposures were immaterial for the three and six months ended June 30, 2024 and 2023. The Company’s other assets and liabilities measured at fair value on a recurring basis and subject to fair value disclosure requirements at June 30, 2024 and December 31, 2023 were as follows: Fair Value Measurements at Reporting Date Using In millions Total Quoted Prices in Significant Significant Assets Money market funds at June 30, 2024 $ 47 $ 47 $ — $ — Money market funds at December 31, 2023 $ 152 $ 152 $ — $ — Interest rate swap at June 30, 2024 $ 14 $ — $ 14 $ — Interest rate swap at December 31, 2023 $ 8 $ — $ 8 $ — Liabilities Foreign currency swap at June 30, 2024 $ 3 $ — $ 3 $ — Foreign currency swap at December 31, 2023 $ 8 $ — $ 8 $ —

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt On June 28, 2022, the Company entered into a Credit Agreement that provides for (i) a five-year unsecured term loan in an aggregate principal amount of $500 million (the "Term Loan"), and (ii) a five-year unsecured revolving credit facility in an aggregate principal amount of up to $400 million, including a $50 million sublimit for the issuance of standby letters of credit and a $50 million sublimit for swingline loans (the "Revolving Facility" and, collectively with the Term Loan, the "Credit Facility"). The Credit Facility replaces the Company's prior revolving credit agreement in the maximum principal of $400 million and its prior term loan agreement in the initial principal amount of $500 million, both of which were entered into in 2018 (the "Prior Agreements"). In connection with the execution of the Credit Facility, the $400 million term loan outstanding under the Prior Agreements was repaid in full. All outstanding borrowings pursuant to the Revolving Facility are due and payable on June 28, 2027, however, the maturity date of the Revolving Facility may be extended by agreement of the parties for up to two additional one-year periods. The Term Loan is payable in quarterly installments, which commenced on June 30, 2024, with 1.25% of the initial principal amount due on each of the first twelve payment dates, with all remaining principal due on June 28, 2027. Under the terms of the Credit Facility, Teradata from time to time and subject to certain conditions may increase the lending commitments under the Credit Facility in an aggregate principal amount up to an additional $450 million, to the extent that existing or new lenders agree to provide such additional commitments. The outstanding principal amount of the Credit Facility bears interest at a floating rate based upon, at Teradata’s option, a negotiated base rate or an adjusted term SOFR rate, plus in each case, a margin based on the Company's leverage ratio. As disclosed in Note 7, in June 2022, Teradata entered into an interest rate swap to hedge approximately 90% (or $450 million as of June 30, 2024) of the floating interest rate of the total $500 million Term Loan and a cross currency swap to hedge a portion of Euro currency exposure of its net investment in certain foreign subsidiaries. The Credit Facility is unsecured but is guaranteed by certain of Teradata’s material domestic subsidiaries and contains certain customary representations and warranties, default provisions, and affirmative and negative covenants, including, among others, covenants regarding the maintenance of a leverage ratio and covenants relating to financial reporting, compliance with laws, subsidiary indebtedness, liens, sale and leaseback transactions, mergers and other fundamental changes, and entry into certain restrictive agreements. Most of the covenants are subject to materiality, thresholds, and exceptions. On September 21, 2023, the Credit Agreement was amended to establish key performance indicators with respect to certain environmental, social, and governance ("ESG") targets, pursuant to which certain positive or negative adjustments would be made to various fees and applicable margin based on Teradata’s performance against such ESG targets. As of June 30, 2024, the Company had no borrowings outstanding under the Revolving Facility, leaving $400 million in borrowing capacity available under the Revolving Facility and the Term Loan principal outstanding was $494 million . The Term Loan is recognized on the Company's balance sheet at the unpaid principal balance, net of deferred issuance costs, and is not subject to fair value measurement. The Company was in compliance with all covenants under the Credit Facility as of June 30, 2024.

Earnings per Share

Earnings per Share	6 Months Ended
Earnings per Share	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic earnings per share is calculated by dividing net income by the weighted average number of shares outstanding during the reported period. The calculation of diluted earnings per share is similar to basic earnings per share, except that the weighted average number of shares outstanding includes the dilution from potential shares resulting from stock options, restricted stock awards and other stock awards. The components of basic and diluted earnings per share are as follows: Three Months Ended Six Months Ended June 30, In millions, except per share amounts 2024 2023 2024 2023 Net income attributable to common stockholders $ 37 $ 17 $ 57 $ 57 Weighted average outstanding shares of common stock 96.5 101.0 97.0 101.2 Dilutive effect of employee stock options, restricted stock and other stock awards 0.9 1.9 1.9 2.1 Common stock and common stock equivalents 97.4 102.9 98.9 103.3 Net income per share: Basic $ 0.38 $ 0.17 $ 0.59 $ 0.56 Diluted $ 0.38 $ 0.17 $ 0.58 $ 0.55 Options to purchase 0.1 million shares in the six months ended June 30, 2023 were not included in the computation of diluted earnings per share because the exercise prices of these options were greater than the average market price of the common shares for the period, and therefore would have been anti-dilutive. There were no anti-dilutive options excluded for the three and six months ended June 30, 2024 nor the three months ended June 30, 2023 .

Segment and Other Supplemental

Segment and Other Supplemental Information	6 Months Ended
Segment and Other Supplemental Information	Jun. 30, 2024
Segment Reporting [Abstract]
Segment and Other Supplemental Information	Segment and Other Supplemental Information Teradata manages its business under three geographic regions, which are also the Company’s operating segments: (1) Americas region (North America and Latin America); (2) EMEA region (Europe, Middle East and Africa) and (3) APJ region (Asia Pacific and Japan). For purposes of discussing results by segment, management excludes the impact of certain items, consistent with the manner by which management evaluates the performance of each segment. This format is useful to investors because it allows analysis and comparability of operating trends. It also includes the same information that is used by Teradata management to make decisions regarding the segments and to assess financial performance. The chief operating decision maker, who is the Company's President and Chief Executive Officer, evaluates the performance of the segments based on revenue and multiple profit measures, including segment gross profit. For management reporting purposes, assets are not allocated to the segments. The following table presents segment revenue and segment gross profit for the Company: Three Months Ended Six Months Ended June 30, In millions 2024 2023 2024 2023 Segment revenue Americas $ 250 $ 268 $ 527 $ 560 EMEA 116 118 241 235 APJ 70 76 133 143 Total revenue 436 462 901 938 Segment gross profit Americas 159 164 336 357 EMEA 71 73 150 147 APJ 41 43 74 82 Total segment gross profit 271 280 560 586 Stock-based compensation costs 5 4 9 8 Acquisition, integration, reorganization and transformation-related costs 1 — 2 — Total gross profit 265 276 549 578 Selling, general and administrative expenses 131 167 292 320 Research and development expenses 68 76 143 146 Income from operations $ 66 $ 33 $ 114 $ 112

Subsequent Event

Subsequent Event	6 Months Ended
Subsequent Event	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 5, 2024, the Company announced that it has realigned its sales function and has initiated global restructuring and cost actions to optimize operations, reduce non-revenue generating expenses, and drive efficiencies for long-term growth and profitability (the "Restructuring"). The Restructuring is expected to result in a reduction of the Company's workforce affecting approximately 9% to 10% of the Company’s global workforce. The majority of the actions related to the Restructuring are expected to be completed by the end of 2024, with remaining actions to be completed by the end of 2025. The Company expects that the majority of the costs relating to the Restructuring will include one-time employee separation benefits, transition support, and other employee-related costs. The Company expects that it will incur total charges related to the Restructuring in the range of approximately $20 to $25 million. The Company expects to recognize these charges in 2024 and 2025, with the majority of the expenses recorded in 2024. Cash expenditures related to these actions are estimated at approximately $45 to $50 million, of which, approximately $30 to $35 million are expected to occur during 2024. The estimate of the savings (and any reinvestment thereof), costs, charges, and cash expenditures that the Company expects to incur in connection with the Restructuring, and the timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ materially from the estimates. In addition, the Company may incur other costs and charges not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the Restructuring.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 37	$ 20	$ 17	$ 40	$ 57	$ 57

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
New Accounting Pronouncements (Policies)	Jun. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This standard requires disclosure of significant segment expenses and other segment items by reportable segment. This ASU becomes effective for annual periods beginning in 2024 and interim periods in 2025. We are assessing the impact of this ASU and upon adoption expect that any impact would be limited to additional segment expense disclosures in the footnotes to our Consolidated Financial Statements. In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." This standard enhances disclosures related to income taxes, including the rate reconciliation and information on income taxes paid. This ASU becomes effective January 1, 2025. We are assessing the impact of this ASU and upon adoption may be required to include certain additional disclosures in the footnotes to our Consolidated Financial Statements.
Contract Balances and Contract Costs	Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, contract assets, and customer advances and deposits (deferred revenue or contract liabilities) on the condensed consolidated balance sheet. Accounts receivable include amounts due from customers that are unconditional. Contract assets relate to the Company’s rights to consideration for goods delivered or services completed and recognized as revenue but billing and the right to receive payment is conditional upon the completion of other performance obligations. Contract assets are included in other current assets on the balance sheet and are transferred to accounts receivable when the rights become unconditional. Deferred revenue consists of advance payments and billings in excess of revenue recognized. Deferred revenue is classified as either current or noncurrent based on the timing of when the Company expects to recognize revenue. These assets and liabilities are reported on a contract-by-contract basis at the end of each reporting period.
Fair Value Measurement	Fair Value Measurements Fair value measurements are established utilizing 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 for identical assets or liabilities; Level 2, defined as significant other observable inputs, such as quoted prices in active markets for similar assets or liabilities, or quoted prices in less-active markets for identical assets; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
Revenue from Contracts with Customers (Tables)	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents a disaggregation of revenue: Three Months Ended June 30, Six Months Ended June 30, in millions 2024 2023 2024 2023 Americas Recurring $ 222 $ 230 $ 466 $ 486 Perpetual software licenses, hardware and other 2 3 7 8 Consulting services 26 35 54 66 Total Americas 250 268 527 560 EMEA Recurring 93 89 192 176 Perpetual software licenses, hardware and other 1 5 3 12 Consulting services 22 24 46 47 Total EMEA 116 118 241 235 APJ Recurring 53 52 98 98 Perpetual software licenses, hardware and other 2 5 3 6 Consulting services 15 19 32 39 Total APJ 70 76 133 143 Total Revenue $ 436 $ 462 $ 901 $ 938
Schedule of Rental Revenue	Rental revenue, which is included in recurring revenue in the above table, was as follows: Three Months Ended June 30, Six Months Ended June 30, in millions 2024 2023 2024 2023 Rental revenue* $ 54 $ 56 $ 109 $ 107 *Rental revenue includes hardware maintenance.
Schedule of Assets and Liabilities Related to Contracts with Customers	The following table provides information about receivables, contract assets and deferred revenue from contracts with customers: As of in millions June 30, 2024 December 31, 2023 Accounts receivable, net $ 248 $ 286 Contract assets $ 4 $ 9 Current deferred revenue $ 529 $ 570 Long-term deferred revenue $ 10 $ 22
Schedule of Estimated Revenue Expected to be Recognized in the Future	The following table includes estimated revenue expected to be recognized in the future related to the Company's unsatisfied (or partially satisfied) obligations at June 30, 2024: in millions Total at June 30, 2024 Year 1 Year 2 and Thereafter Remaining unsatisfied obligations $ 2,300 $ 1,367 $ 933

Contract Costs (Tables)

Contract Costs (Tables)	6 Months Ended
Contract Costs (Tables)	Jun. 30, 2024
Capitalized Contract Cost [Abstract]
Schedule of Activity Related to Capitalized Contract Cost	The following table identifies the activity relating to capitalized contract costs: in millions December 31, 2023 Capitalized Amortization June 30, 2024 Capitalized contract costs $ 68 $ 2 $ (18) $ 52 in millions December 31, 2022 Capitalized Amortization June 30, 2023 Capitalized contract costs $ 92 $ 6 $ (22) $ 76

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	6 Months Ended
Supplemental Financial Information (Tables)	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Supplemental Financial Information	As of In millions June 30, December 31, Inventories Finished goods $ 21 $ 11 Service parts 1 2 Total inventories $ 22 $ 13 Deferred revenue Deferred revenue, current $ 529 $ 570 Long-term deferred revenue 10 22 Total deferred revenue $ 539 $ 592 Three Months Ended June 30, Six Months Ended June 30, In millions 2024 2023 2024 2023 Other expense Foreign currency losses $ 2 $ 7 $ 11 $ 25 Other 4 3 7 6 Total Other expense $ 6 $ 10 $ 18 $ 31

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
Income Taxes (Tables)	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Tax Rate	The effective tax rate is as follows: Three Months Ended June 30, Six Months Ended June 30, In millions 2024 2023 2024 2023 Effective tax rate 32.7 % 29.2 % 34.5 % 30.5 %

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Financial Instruments	The following table identifies the contract notional amount of the Company’s derivative financial instruments: As of In millions June 30, December 31, Contract notional amount of foreign exchange forward contracts $ 78 $ 178 Net contract notional amount of foreign exchange forward contracts $ 72 $ 1 Contract notional amount of foreign currency exchange (net investment hedge) $ 150 $ 150 Contract notional amount of interest rate swap $ 450 $ 450

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis and Subject to Fair Value Disclosure Requirements	The Company’s other assets and liabilities measured at fair value on a recurring basis and subject to fair value disclosure requirements at June 30, 2024 and December 31, 2023 were as follows: Fair Value Measurements at Reporting Date Using In millions Total Quoted Prices in Significant Significant Assets Money market funds at June 30, 2024 $ 47 $ 47 $ — $ — Money market funds at December 31, 2023 $ 152 $ 152 $ — $ — Interest rate swap at June 30, 2024 $ 14 $ — $ 14 $ — Interest rate swap at December 31, 2023 $ 8 $ — $ 8 $ — Liabilities Foreign currency swap at June 30, 2024 $ 3 $ — $ 3 $ — Foreign currency swap at December 31, 2023 $ 8 $ — $ 8 $ —

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
Earnings per Share (Tables)	Jun. 30, 2024
Earnings Per Share [Abstract]
Components of Basic and Diluted Earnings Per Share	The components of basic and diluted earnings per share are as follows: Three Months Ended Six Months Ended June 30, In millions, except per share amounts 2024 2023 2024 2023 Net income attributable to common stockholders $ 37 $ 17 $ 57 $ 57 Weighted average outstanding shares of common stock 96.5 101.0 97.0 101.2 Dilutive effect of employee stock options, restricted stock and other stock awards 0.9 1.9 1.9 2.1 Common stock and common stock equivalents 97.4 102.9 98.9 103.3 Net income per share: Basic $ 0.38 $ 0.17 $ 0.59 $ 0.56 Diluted $ 0.38 $ 0.17 $ 0.58 $ 0.55

Segment and Other Supplementa_2

Segment and Other Supplemental Information (Tables)	6 Months Ended
Segment and Other Supplemental Information (Tables)	Jun. 30, 2024
Segment Reporting [Abstract]
Regional Segment Revenue and Gross Margin	The following table presents segment revenue and segment gross profit for the Company: Three Months Ended Six Months Ended June 30, In millions 2024 2023 2024 2023 Segment revenue Americas $ 250 $ 268 $ 527 $ 560 EMEA 116 118 241 235 APJ 70 76 133 143 Total revenue 436 462 901 938 Segment gross profit Americas 159 164 336 357 EMEA 71 73 150 147 APJ 41 43 74 82 Total segment gross profit 271 280 560 586 Stock-based compensation costs 5 4 9 8 Acquisition, integration, reorganization and transformation-related costs 1 — 2 — Total gross profit 265 276 549 578 Selling, general and administrative expenses 131 167 292 320 Research and development expenses 68 76 143 146 Income from operations $ 66 $ 33 $ 114 $ 112

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue from Contracts with Customers (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 436	$ 462	$ 901	$ 938
Americas
Disaggregation of Revenue [Line Items]
Revenue	250	268	527	560
EMEA
Disaggregation of Revenue [Line Items]
Revenue	116	118	241	235
APJ
Disaggregation of Revenue [Line Items]
Revenue	70	76	133	143
Recurring
Disaggregation of Revenue [Line Items]
Revenue	368	371	756	760
Recurring \| Americas
Disaggregation of Revenue [Line Items]
Revenue	222	230	466	486
Recurring \| EMEA
Disaggregation of Revenue [Line Items]
Revenue	93	89	192	176
Recurring \| APJ
Disaggregation of Revenue [Line Items]
Revenue	53	52	98	98
Perpetual software licenses, hardware and other
Disaggregation of Revenue [Line Items]
Revenue	5	13	13	26
Perpetual software licenses, hardware and other \| Americas
Disaggregation of Revenue [Line Items]
Revenue	2	3	7	8
Perpetual software licenses, hardware and other \| EMEA
Disaggregation of Revenue [Line Items]
Revenue	1	5	3	12
Perpetual software licenses, hardware and other \| APJ
Disaggregation of Revenue [Line Items]
Revenue	2	5	3	6
Consulting services
Disaggregation of Revenue [Line Items]
Revenue	63	78	132	152
Consulting services \| Americas
Disaggregation of Revenue [Line Items]
Revenue	26	35	54	66
Consulting services \| EMEA
Disaggregation of Revenue [Line Items]
Revenue	22	24	46	47
Consulting services \| APJ
Disaggregation of Revenue [Line Items]
Revenue	$ 15	$ 19	$ 32	$ 39

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Schedule of Operating Lease Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Rental revenue	$ 54	$ 56	$ 109	$ 107

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 248	$ 286
Contract assets	4	9
Current deferred revenue	529	570
Long-term deferred revenue	$ 10	$ 22

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Deferred revenue, revenue recognized	$ 355
Remaining performance obligation, amount of customer only general cancellation	1,165
Remaining performance obligation, amount of non-cancelable contracts	$ 576

Revenue from Contracts with C_7

Revenue from Contracts with Customers - Transaction Price Allocated to the Remaining Performance Obligations (Details) $ in Millions	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining unsatisfied obligations	$ 2,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining unsatisfied obligations	$ 1,367
Revenue, remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining unsatisfied obligations	$ 933
Revenue, remaining performance obligation, period

Contract Costs - Narrative (Det

Contract Costs - Narrative (Details)	Jun. 30, 2024
Capitalized Contract Cost [Abstract]
Capitalized contract cost, amortization period	4 years

Contract Costs - Schedule of Ac

Contract Costs - Schedule of Activity Related to Capitalized Contract Cost (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Capitalized Contract Cost, Net [Roll Forward]
Capitalized contract cost, net at period start	$ 68	$ 92
Capitalized	2	6
Amortization	(18)	(22)
Capitalized contract cost, net at period end	$ 52	$ 76

Supplemental Financial Inform_3

Supplemental Financial Information - Inventories and Deferred Revenue (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventories
Finished goods	$ 21	$ 11
Service parts	1	2
Total inventories	22	13
Deferred revenue
Deferred revenue, current	529	570
Long-term deferred revenue	10	22
Total deferred revenue	$ 539	$ 592

Supplemental Financial Inform_4

Supplemental Financial Information - Other Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign currency losses	$ 2	$ 7	$ 11	$ 25
Other	4	3	7	6
Total Other expense	$ 6	$ 10	$ 18	$ 31

Supplemental Financial Inform_5

Supplemental Financial Information - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Pre-tax loss on investment	$ 1	$ 3	$ 0

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Tax Rate (Details)	3 Months Ended		6 Months Ended
Income Taxes - Schedule of Effective Tax Rate (Details)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	32.70%	29.20%	34.50%	30.50%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024
Operating Loss Carryforwards [Line Items]
Net discrete tax expense (benefits)	$ 1	$ 0	$ 2	$ (2)
Effective tax rate	32.70%	29.20%	34.50%	30.50%
Forecast
Operating Loss Carryforwards [Line Items]
Effective tax rate					33%
Effective income tax rate reconciliation, GILTI amount					$ 3

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Narrative (Details) € in Millions, $ in Millions		1 Months Ended
	Jun. 28, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2022 EUR (€)
Medium-term Notes \| Credit Agreement Issued In June 2022 \| Line of Credit
Derivative
Principal outstanding	$ 500		$ 494
Cross Currency Swap
Derivative
Contract notional amount			150	$ 150	€ 143
Derivative asset		$ 150
Term of contract		4 years
Interest Rate Swap
Derivative
Contract notional amount	$ 450	$ 500	$ 450	$ 450
Term of contract	5 years	5 years
Percentage of principal	90%

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Derivative Financial Instruments (Details) € in Millions, $ in Millions	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 EUR (€)	Jun. 28, 2022 USD ($)
Foreign Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contract notional amount	$ 78	$ 178
Net contract notional amount of foreign exchange forward contracts	72	1
Cross Currency Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contract notional amount	150	150		€ 143
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contract notional amount	$ 450	$ 450	$ 500		$ 450

Commitments and Contingencies (

Commitments and Contingencies (Details) - patent		1 Months Ended
Commitments and Contingencies (Details) - patent	Aug. 31, 2020	Jul. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Loss contingency on patents allegedly infringed upon (in patents)		5
Gain contingency on patents allegedly infringed upon (in patents)	4

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) € in Millions, $ in Millions		1 Months Ended
	Jun. 28, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2022 EUR (€)
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term of contract	5 years	5 years
Contract notional amount of interest rate swap	$ 450	$ 500	$ 450	$ 450
Cross Currency Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term of contract		4 years
Contract notional amount of interest rate swap			$ 150	$ 150	€ 143
Derivative asset		$ 150

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 47	$ 152
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	47	152
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	14	8
Interest Rate Swap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Interest Rate Swap \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	14	8
Interest Rate Swap \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Cross Currency Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	3	8
Cross Currency Swap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	0	0
Cross Currency Swap \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	3	8
Cross Currency Swap \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	$ 0	$ 0

Debt (Details)

Debt (Details)	Jun. 28, 2022 USD ($) renewal date	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023	Jun. 30, 2022 USD ($)	Jun. 30, 2018 USD ($)
Debt Instrument
All-in-interest rate at period end		4.41%		4.40%
Interest Rate Swap
Debt Instrument
Percentage of principal	90%
Contract notional amount of interest rate swap	$ 450,000,000	$ 450,000,000	$ 450,000,000		$ 500,000,000
Credit Agreement Issued In June 2022 \| Line of Credit
Debt Instrument
Number of renewals \| renewal	2
Renewal term	1 year
Credit Agreement Issued In June 2022 \| Line of Credit \| Medium-term Notes
Debt Instrument
Term of loan (years)	5 years
Debt instrument, face amount	$ 500,000,000
Term loan, payable quarterly installments (percentage)	1.25%
Number of payment dates \| date	12
Principal outstanding	$ 500,000,000	494,000,000
Credit Agreement Issued In June 2022 \| Line of Credit \| Revolving Credit Facility
Debt Instrument
Term of loan (years)	5 years
Credit facility maximum borrowing capacity	$ 400,000,000
Additional borrowings available	450,000,000
Principal outstanding		0
Remaining borrowing capacity		$ 400,000,000
Credit Agreement Issued In June 2022 \| Line of Credit \| Letter of Credit
Debt Instrument
Credit facility maximum borrowing capacity	50,000,000
Credit Agreement Issued In June 2022 \| Line of Credit \| Bridge Loan
Debt Instrument
Credit facility maximum borrowing capacity	50,000,000
Revolving Credit Facility Ending In June 2023 \| Revolving Credit Facility
Debt Instrument
Credit facility maximum borrowing capacity						$ 400,000,000
Repayment of line of credit	$ 400,000,000
Senior Unsecured Term Loan Issued June 2018 \| Senior Unsecured Term Loan
Debt Instrument
Debt instrument, face amount						$ 500,000,000

Earnings per Share - Components

Earnings per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to common stockholders	$ 37	$ 20	$ 17	$ 40	$ 57	$ 57
Weighted average outstanding shares of common stock (in shares)	96.5		101		97	101.2
Dilutive effect of employee stock options, restricted stock and other stock awards (in shares)	0.9		1.9		1.9	2.1
Common stock and common stock equivalents (in shares)	97.4		102.9		98.9	103.3
Net income per share:
Basic (in dollars per share)	$ 0.38		$ 0.17		$ 0.59	$ 0.56
Diluted (in dollars per share)	$ 0.38		$ 0.17		$ 0.58	$ 0.55

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Antidilutive options to purchase that were not included in the computation of diluted earnings per share (in shares)	0	0	0	0.1

Segment and Other Supplementa_3

Segment and Other Supplemental Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment and Other Supplementa_4

Segment and Other Supplemental Information - Regional Segment Revenue and Gross Margin for Company (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information
Segment revenue	$ 436	$ 462	$ 901	$ 938
Gross profit	265	276	549	578
Selling, general and administrative expenses	131	167	292	320
Research and development expenses	68	76	143	146
Income from operations	66	33	114	112
Americas
Segment Reporting Information
Segment revenue	250	268	527	560
EMEA
Segment Reporting Information
Segment revenue	116	118	241	235
APJ
Segment Reporting Information
Segment revenue	70	76	133	143
Operating segments
Segment Reporting Information
Gross profit	271	280	560	586
Operating segments \| Americas
Segment Reporting Information
Gross profit	159	164	336	357
Operating segments \| EMEA
Segment Reporting Information
Gross profit	71	73	150	147
Operating segments \| APJ
Segment Reporting Information
Gross profit	41	43	74	82
Segment reconciling items
Segment Reporting Information
Stock-based compensation costs	5	4	9	8
Acquisition, integration, reorganization and transformation-related costs	$ 1	$ 0	$ 2	$ 0

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event - 2024 Restructuring Plan - USD ($) $ in Millions		5 Months Ended	17 Months Ended
	Aug. 05, 2024	Dec. 31, 2024	Dec. 31, 2025
Minimum
Subsequent Event [Line Items]
Company global workforce	9%
Estimated reorganization costs and charges	$ 20
Minimum \| Forecast
Subsequent Event [Line Items]
Cash payments for restructuring		$ 30	$ 45
Maximum
Subsequent Event [Line Items]
Company global workforce	10%
Estimated reorganization costs and charges	$ 25
Maximum \| Forecast
Subsequent Event [Line Items]
Cash payments for restructuring		$ 35	$ 50

Uncategorized Items - tdc-20240

Label	Element	Value
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 0