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REVENUE AND CONTRACT ACQUISITION COSTS (Tables)

6 Months Ended

Jun. 30, 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 June 30,												Six Months Ended June 30,
U.S.			2022						2021						2022						2021
Instruments and accessories			$	625.1					$	577.5					$	1,175.7					$	1,078.3
Systems			218.0						277.6						466.3						480.3
Services			168.0						150.7						333.9						294.7
Total U.S. revenue			$	1,011.1					$	1,005.8					$	1,975.9					$	1,853.3
Outside of U.S. (“OUS”)
Instruments and accessories			$	270.2					$	218.9					$	529.9					$	424.0
Systems			157.1						162.0						336.9						328.0
Services			83.7						77.3						167.1						150.8
Total OUS revenue			$	511.0					$	458.2					$	1,033.9					$	902.8
Total
Instruments and accessories			$	895.3					$	796.4					$	1,705.6					$	1,502.3
Systems			375.1						439.6						803.2						808.3
Services			251.7						228.0						501.0						445.5
Total revenue			$	1,522.1					$	1,464.0					$	3,009.8					$	2,756.1

Summary of Contract Assets and Liabilities

The following information summarizes the Company’s contract assets and liabilities (in millions):

			As of
			June 30, 2022						December 31, 2021
Contract assets			$	50.6					$	46.9
Deferred revenue			$	413.7					$	414.0

Sales-type Lease Revenue

The following table presents revenue from Intuitive System Leasing arrangements (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Sales-type lease revenue			$	50.1					$	84.0					$	85.7					$	101.3
Operating lease revenue*			$	93.0					$	67.3					$	176.2					$	126.3
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue			$	33.6					$	21.0					$	58.5					$	34.5

Operating Lease Revenue

The following table presents revenue from Intuitive System Leasing arrangements (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Sales-type lease revenue			$	50.1					$	84.0					$	85.7					$	101.3
Operating lease revenue*			$	93.0					$	67.3					$	176.2					$	126.3
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue			$	33.6					$	21.0					$	58.5					$	34.5

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981

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-Publisher FASB
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+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 6A
-URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
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