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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Summary of Net Sales for Company's Products and Services
Net sales for the Company’s products and services are as follows for the years ended December 31, 2023, 2022 and 2021 (in thousa
nd
s):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
2023
    
2022
    
2021
 
Product net sales:
                          
Waters instrument systems
   $ 1,108,702      $ 1,210,456      $ 1,089,248  
Chemistry consumables
     541,469        525,399        507,209  
TA instrument systems
     252,879        252,314        225,613  
    
 
 
    
 
 
    
 
 
 
Total product sales
     1,903,050        1,988,169        1,822,070  
Service net sales:
                          
Waters service
     951,419        890,607        876,626  
TA service
     101,947        93,180        87,178  
    
 
 
    
 
 
    
 
 
 
Total service sales
     1,053,366        983,787        963,804  
    
 
 
    
 
 
    
 
 
 
Total net sales
   $ 2,956,416      $ 2,971,956      $ 2,785,874  
    
 
 
    
 
 
    
 
 
 
Summary of Geographic Sales Information
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
2023
    
2022
    
2021
 
Net Sales:
                          
Asia:
                          
China
   $ 440,707      $ 565,143      $ 521,128  
Japan
     167,202        167,220        182,597  
Asia Other
     399,916        399,380        372,040  
    
 
 
    
 
 
    
 
 
 
Total Asia
     1,007,825        1,131,743        1,075,765  
Americas:
                          
United States
     927,982        886,140        774,014  
Americas Other
     180,591        169,495        151,206  
    
 
 
    
 
 
    
 
 
 
Total Americas
     1,108,573        1,055,635        925,220  
Europe
     840,018        784,578        784,889  
    
 
 
    
 
 
    
 
 
 
Total net sales
   $ 2,956,416      $ 2,971,956      $ 2,785,874  
    
 
 
    
 
 
    
 
 
 
Summary of Net Sales by Customer Class
None of the Company’s individual customers accounts for more than 2% of annual Company sales. Net sales by customer class are as follows for the years ended December 31, 2023, 2022 and 2021 (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
2023
    
2022
    
2021
 
Pharmaceutical
   $ 1,696,875      $ 1,751,665      $ 1,667,061  
Industrial
     909,003        909,805        829,204  
Academic and government
     350,538        310,486        289,609  
    
 
 
    
 
 
    
 
 
 
Total net sales
   $ 2,956,416      $ 2,971,956      $ 2,785,874  
    
 
 
    
 
 
    
 
 
 
Net sales for the Company recognized at a point in time versus over time are as follows for the years ended December 31, 2023, 2022 and 2021 (in thousands):
Summary of Net Sales of Company Recognized at a Point in Time Versus Over Time
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
2023
    
2022
    
2021
 
Net sales recognized at a point in time:
                          
Instrument systems
   $ 1,361,581      $ 1,462,770      $ 1,314,861  
Chemistry consumables
     541,469        525,399        507,209  
Service sales recognized at a point in time (time & materials)
     372,530        367,501        354,666  
    
 
 
    
 
 
    
 
 
 
Total net sales recognized at a point in time
     2,275,580        2,355,670        2,176,736  
Net sales recognized over time:
                          
Service and software maintenance sales recognized over time (contracts)
     680,836        616,286        609,138  
    
 
 
    
 
 
    
 
 
 
Total net sales
   $ 2,956,416      $ 2,971,956      $ 2,785,874  
    
 
 
    
 
 
    
 
 
 
Revenue from External Customers by Geographic Area
Long-lived assets information at December 31, 2023, 2022 and 2021 is presented below (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
December 31,
 
    
2023
    
2022
    
2021
 
Long-lived assets:
                          
United States
   $ 440,993      $ 429,469      $ 395,446  
Americas Other
     2,632        1,663        1,662  
    
 
 
    
 
 
    
 
 
 
Total Americas
     443,625        431,132        397,108  
Europe
     167,948        133,465        130,806  
Asia
     27,500        17,620        19,999  
    
 
 
    
 
 
    
 
 
 
Total long-lived assets
   $ 639,073      $ 582,217      $ 547,913