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REVENUE AND CONTRACT ACQUISITION COSTS (Tables)

3 Months Ended

Mar. 31, 2023

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.			2023						2022
Instruments and accessories			$	701.4					$	550.6
Systems			221.8						248.3
Services			186.7						165.9
Total U.S. revenue			$	1,109.9					$	964.8
Outside of U.S. (“OUS”)
Instruments and accessories			$	284.2					$	259.7
Systems			205.6						179.8
Services			96.5						83.4
Total OUS revenue			$	586.3					$	522.9
Total
Instruments and accessories			$	985.6					$	810.3
Systems			427.4						428.1
Services			283.2						249.3
Total revenue			$	1,696.2					$	1,487.7

Summary of Contract Assets and Liabilities

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

			As of
			March 31, 2023						December 31, 2022
Contract assets			$	49.4					$	45.0
Deferred revenue			$	462.5					$	438.3

Sales-type Lease Revenue

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

			Three Months Ended March 31,
			2023						2022
Sales-type lease revenue			$	23.0					$	35.6
Operating lease revenue*			$	112.0					$	83.2
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue			$	46.0					$	24.9

Operating Lease Revenue

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

			Three Months Ended March 31,
			2023						2022
Sales-type lease revenue			$	23.0					$	35.6
Operating lease revenue*			$	112.0					$	83.2
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue			$	46.0					$	24.9

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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-Topic 270
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-URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306

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