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Revenue (Tables)

12 Months Ended

Dec. 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):

						Years Ended December 31,
U.S.						2023						2022						2021
Instruments and accessories						$	3,059.8					$	2,507.2					$	2,225.1
Systems						865.5						966.0						1,024.8
Services						763.3						684.4						603.3
Total U.S. revenue						$	4,688.6					$	4,157.6					$	3,853.2
OUS
Instruments and accessories						$	1,216.8					$	1,010.7					$	875.4
Systems						814.2						714.1						668.6
Services						404.5						339.8						312.9
Total OUS revenue						$	2,435.5					$	2,064.6					$	1,856.9
Total
Instruments and accessories						$	4,276.6					$	3,517.9					$	3,100.5
Systems						1,679.7						1,680.1						1,693.4
Services						1,167.8						1,024.2						916.2
Total revenue						$	7,124.1					$	6,222.2					$	5,710.1

Summary of Contract Assets and Liabilities

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

			December 31,
			2023						2022
Contract assets			$	20.2					$	45.0
Deferred revenue			$	491.7					$	438.3

Sales-type Lease Receivable

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

						Years Ended December 31,
						2023						2022						2021
Sales-type lease revenue						$	78.4					$	156.4					$	220.3
Operating lease revenue*						$	500.5					$	376.5					$	276.9
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue						$	216.5					$	133.0					$	78.1

Operating Lease Revenue

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

						Years Ended December 31,
						2023						2022						2021
Sales-type lease revenue						$	78.4					$	156.4					$	220.3
Operating lease revenue*						$	500.5					$	376.5					$	276.9
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue						$	216.5					$	133.0					$	78.1

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- 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.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-Topic 606
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