v3.26.1
Deferred Revenue (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Deferred Revenue
Three months ended March 31,
 20262025
(in US $ millions)
Balance, beginning of the period398 430 
Deferral of revenue(1)
138 121 
Recognition of deferred revenue from beginning balance(129)(121)
Balance, end of the period407 430 
(1) Deferral of revenue includes only the portion of collections from merchant billings throughout the period, primarily related to subscription fees, for which the services have not yet been provided. The amounts primarily exclude subscription revenue that has both been deferred and recognized within the period presented.
March 31, 2026March 31, 2025
(in US $ millions)
Current portion321 295 
Long-term portion86 135 
407 430 
The table below summarizes the gross changes in deferred revenue associated with this non-cash consideration received for the three months ended March 31, 2026 and 2025:
Three months ended March 31,
 
20262025
(in US $ millions)
Balance, beginning of the period141 190 
Revenue recognized related to non-cash consideration(12)(13)
Balance, end of the period129 177 
Current portion49 49 
Long-term portion80 128 
129 177