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REVENUE AND CONTRACT ACQUISITION COSTS (Tables) | 3 Months Ended
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Mar. 31, 2022
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. | 2022 |  | 2021 |  |  |  |
Instruments and accessories | $ | 550.6 |  |  | $ | 500.8 |  |  |  |  |
Systems | 248.3 |  |  | 202.7 |  |  |  |  |
Services | 165.9 |  |  | 144.0 |  |  |  |  |
Total U.S. revenue | $ | 964.8 |  |  | $ | 847.5 |  |  |  |  |
Outside of U.S. (“OUS”) |  |  |  |  |  |  |
Instruments and accessories | $ | 259.7 |  |  | $ | 205.1 |  |  |  |  |
Systems | 179.8 |  |  | 166.0 |  |  |  |  |
Services | 83.4 |  |  | 73.5 |  |  |  |  |
Total OUS revenue | $ | 522.9 |  |  | $ | 444.6 |  |  |  |  |
Total |  |  |  |  |  |  |
Instruments and accessories | $ | 810.3 |  |  | $ | 705.9 |  |  |  |  |
Systems | 428.1 |  |  | 368.7 |  |  |  |  |
Services | 249.3 |  |  | 217.5 |  |  |  |  |
Total revenue | $ | 1,487.7 |  |  | $ | 1,292.1 |  |  |  |  |
Summary of Contract Assets and Liabilities | The following information summarizes the Company’s contract assets and liabilities (in millions):
| As of
| March 31, 2022 |  | December 31, 2021
Contract assets | $ | 50.9 |  |  | $ | 46.9 |
Deferred revenue | $ | 424.4 |  |  | $ | 414.0 |
Sales-type Lease Revenue | The following table presents revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Sales-type lease revenue | $ | 35.6 |  |  | $ | 17.3 |  |  |  |  |
Operating lease revenue* | $ | 83.2 |  |  | $ | 59.0 |  |  |  |  |
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue | $ | 24.9 |  |  | $ | 13.5 |  |  |  |  |
Operating Lease Revenue | The following table presents revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Sales-type lease revenue | $ | 35.6 |  |  | $ | 17.3 |  |  |  |  |
Operating lease revenue* | $ | 83.2 |  |  | $ | 59.0 |  |  |  |  |
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue | $ | 24.9 |  |  | $ | 13.5 |  |  |  |  |

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