Revenue and Revenue-Related Activity (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Revenue

Disaggregation of Revenue


		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
		(In millions)
Revenue:
Recurring revenue:
Dayforce recurring		$	321.6			$	268.2			$	658.8			$	539.4
Powerpay recurring			24.6				24.1				50.6				48.2
Total Cloud recurring			346.2				292.3				709.4				587.6
Other recurring			18.8				22.6				38.3				45.2
Total recurring revenue			365.0				314.9				747.7				632.8
Professional services and other			58.3				51.0				107.1				103.7
Total revenue		$	423.3			$	365.9			$	854.8			$	736.5

Schedule of Changes in Contract Assets

The changes in total contract assets were as follows:


		Six Months Ended June 30,
		2024				2023
		(In millions)
Contract assets, beginning of period		$	89.0			$	68.5
Additions			46.0				46.9
Reductions			(41.4	)			(40.1	)
Foreign currency translation			(0.6	)			0.5
Contract assets, end of period		$	93.0			$	75.8

Schedule of Changes in Deferred Revenue

Deferred revenue primarily consists of payments received in advance of revenue recognition. The changes in deferred revenue were as follows:


		Six Months Ended June 30,
		2024				2023
		(In millions)
Deferred revenue, beginning of period		$	40.2			$	41.2
New billings			493.9				351.4
Acquired billings			8.6				—
Revenue recognized			(495.6	)			(333.4	)
Foreign currency translation			(0.6	)			(15.7	)
Deferred revenue, end of period		$	46.5			$	43.5