Hiding Apple’s Big Sur Upgrade Badges

Would someone parse this command in simple terms for me, please? (In particular, the && and --list.)

defaults delete com.apple.preferences.softwareupdate LatestMajorOSSeenByUserBundleIdentifier && softwareupdate --list

In another thread, I said that I didn’t have the badge or the notifications, and promptly jinxed myself. After reading this article, I looked at the System Preferences icon in the Dock; no badge. I looked at the Software Update icon in System Preferences; no badge. I looked at System Preferences… command in the Apple menu; no lozenge. (At least there is consistency.) I took no steps to hide the badge (in spite of asking for detailed instructions on how to execute a shell script), and I have no idea what makes the badges come or go. (I did install Security Update 2020-006 10.14.6 and Safari 14.0.1 since I last saw the badges, but I don’t know if they disappeared before, after, or during that installation process.)