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Summary Of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Estimated Useful Lives Of 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 to 5 years
Enterprise-wide software | 5 to 8 years
Purchased software | Lesser of 3 years or life of license
| December 31,
Property, plant, and equipment, net | 2023 |  | 2022
Land | $ | 457.3 |  |  | $ | 388.6 |
Building and building/leasehold improvements | 1,002.1 |  |  | 866.5 |
Machinery and equipment | 724.2 |  |  | 566.4 |
Operating lease assets – Intuitive System Leasing | 1,149.7 |  |  | 806.4 |
Computer and office equipment | 153.8 |  |  | 134.7 |
Capitalized software | 257.8 |  |  | 240.9 |
Construction-in-process | 1,354.7 |  |  | 608.6 |
Gross property, plant, and equipment | 5,099.6 |  |  | 3,612.1 |
Less: Accumulated depreciation* | (1,562.0) |  |  | (1,237.9) |
Total property, plant, and equipment, net | $ | 3,537.6 |  |  | $ | 2,374.2 |
*Accumulated depreciation associated with operating lease assets – Intuitive System Leasing | $ | (434.3) |  |  | $ | (285.8) |
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, 2023 (in millions):
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  |  | Prior |  | Net Investment
Credit Rating: |  |  |  |  |  |  |  |  |  |  |  |  |  |
High | $ | 39.6 |  |  | $ | 70.2 |  |  | $ | 60.3 |  |  | $ | 24.4 |  |  | $ | 6.5 |  |  |  | $ | 0.2 |  |  | $ | 201.2 |
Moderate | 37.6 |  |  | 51.4 |  |  | 43.1 |  |  | 22.2 |  |  | 4.5 |  |  |  | 1.0 |  |  | 159.8 |
Low | 1.5 |  |  | 4.6 |  |  | 3.5 |  |  | 0.8 |  |  | — |  |  |  | 0.2 |  |  | 10.6 |
Total | $ | 78.7 |  |  | $ | 126.2 |  |  | $ | 106.9 |  |  | $ | 47.4 |  |  | $ | 11.0 |  |  |  | $ | 1.4 |  |  | $ | 371.6 |

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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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