XML 41 R25.htm IDEA: XBRL DOCUMENT v3.22.0.1

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Estimated Useful Lives Of The Assets

Property, plant, and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, generally, as follows:

			Useful Lives
Building			Up to 30 years
Building improvements			Up to 15 years
Leasehold improvements			Lesser of useful life or term of lease
Equipment and furniture			5 years
Operating lease assets			Greater of lease term or 1 to 5 years
Computer and office equipment			3 years
Enterprise-wide software			5 years
Purchased software			Lesser of 3 years or life of license

			December 31,
			2021						2020
Property, plant, and equipment, net:
Land			$	367.8					$	277.9
Building and building/leasehold improvements			812.5						773.8
Machinery and equipment			497.6						428.0
Operating lease assets – Intuitive System Leasing			616.1						419.9
Computer and office equipment			123.7						112.6
Capitalized software			217.6						205.4
Construction-in-process			209.7						117.4
Gross property, plant, and equipment			2,845.0						2,335.0
Less: Accumulated depreciation*			(968.6)						(757.7)
Total property, plant, and equipment, net			$	1,876.4					$	1,577.3
*Accumulated depreciation associated with operating lease assets – Intuitive System Leasing			$	(182.1)					$	(112.1)

Amortized Cost Basis By Year of Origination and Credit Quality Indicator

The following table summarizes the amortized cost basis by year of origination and by credit quality for the net investment in sales-type leases as of December 31, 2021 (in millions):

			2021						2020						2019						2018						2017									Prior						Net Investment
Credit Rating:
High			$	101.7					$	51.0					$	18.8					$	7.0					$	1.7								$	—					$	180.2
Moderate			109.3						62.6						18.8						7.0						2.8									0.6						201.1
Low			8.1						1.6						1.3						0.1						—									0.2						11.3
Total			$	219.1					$	115.2					$	38.9					$	14.1					$	4.5								$	0.8					$	392.6

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of credit quality indicator for net investment in sales-type lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

+ Details

Name:	us-gaap_SalesTypeLeaseNetInvestmentInLeaseCreditQualityIndicatorTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration