XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.1
REVENUE AND CONTRACT ACQUISITION COSTS (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Disaggregated by Types and Geography
The following table presents revenue disaggregated by types and geography (in millions):
 
Three Months Ended March 31,
U.S.
2019
 
2018
Instruments and accessories
$
407.4

 
$
337.6

Systems
160.7

 
124.0

Services
123.5

 
110.8

Total U.S. revenue
$
691.6

 
$
572.4

 
 
 
 
Outside of U.S. (“OUS”)
 
 
 
Instruments and accessories
$
144.9

 
$
122.7

Systems
86.8

 
110.5

Services
50.4

 
41.9

Total OUS revenue
$
282.1

 
$
275.1

 
 
 
 
Total
 
 
 
Instruments and accessories
$
552.3

 
$
460.3

Systems
247.5

 
234.5

Services
173.9

 
152.7

Total revenue
$
973.7

 
$
847.5

Summary of Contract Assets and Liabilities
The following information summarizes the Company’s contract assets and liabilities (in millions):
 
As of
 
March 31,
2019
 
December 31,
2018
Contract assets
$
16.5

 
$
12.4

Deferred revenue
$
329.2

 
$
327.3

Sales-type Lease Revenue
The following table presents revenue from our lease arrangements (in millions):
 
Three Months Ended March 31,
 
2019
 
2018
Sales-type lease revenue
$
4.6

 
$
12.0

Operating lease revenue
$
20.4

 
$
9.5

Sales-type Leases. Lease receivables relating to sales-type lease arrangements are presented on the Condensed Consolidated Balance Sheets as follows (in millions):
 
As of
 
March 31,
2019
 
December 31,
2018
Gross lease receivables
$
144.1

 
$
150.4

Unearned income
(6.0
)
 
(6.3
)
Allowance for credit loss
(1.0
)
 
(1.0
)
Net investment in sales-type leases
$
137.1

 
$
143.1

Reported as:
 
 
 
   Prepaids and other current assets
$
51.8

 
$
51.2

   Intangible and other assets, net
85.3

 
91.9

   Total, net
$
137.1

 
$
143.1

Operating Lease Revenue
The following table presents revenue from our lease arrangements (in millions):
 
Three Months Ended March 31,
 
2019
 
2018
Sales-type lease revenue
$
4.6

 
$
12.0

Operating lease revenue
$
20.4

 
$
9.5