Belden BDC Contract Liabilities, Non-Current

Depending on the terms of an arrangement, we may defer the recognition of a portion of the consideration received because we have to satisfy a future performance obligation. Consideration allocated to support services under a support and maintenance contract is typically paid in advance and recognized ratably over the term of the service. Consideration allocated to professional services is recognized when or as the services are performed depending on the terms of the arrangement. Our contract terms for support, maintenance, and professional services typically require payment within one year or less of when the services will be provided. As of March 29, 2026, total deferred revenue was $41.5 million, and of this amount, $32.9 million is expected to be recognized within the next twelve months, and the remaining $8.6 million is long-term and is expected to be recognized over a period greater than twelve months. The following table presents deferred revenue activity during the three months ended March 29, 2026 and March 30, 2025, respectively: