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REVENUE AND CONTRACT ACQUISITION COSTS (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Types and Geography | The following table presents revenue disaggregated by type and geography (in millions):
| Three Months Ended March 31, |  |
U.S. | 2024 |  | 2023 |  |  |  |
Instruments and accessories | $ | 822.4 |  |  | $ | 701.4 |  |  |  |  |
Systems | 212.5 |  |  | 221.8 |  |  |  |  |
Services | 203.6 |  |  | 186.7 |  |  |  |  |
Total U.S. revenue | $ | 1,238.5 |  |  | $ | 1,109.9 |  |  |  |  |
OUS |  |  |  |  |  |  |
Instruments and accessories | $ | 336.5 |  |  | $ | 284.2 |  |  |  |  |
Systems | 205.7 |  |  | 205.6 |  |  |  |  |
Services | 109.9 |  |  | 96.5 |  |  |  |  |
Total OUS revenue | $ | 652.1 |  |  | $ | 586.3 |  |  |  |  |
Total |  |  |  |  |  |  |
Instruments and accessories | $ | 1,158.9 |  |  | $ | 985.6 |  |  |  |  |
Systems | 418.2 |  |  | 427.4 |  |  |  |  |
Services | 313.5 |  |  | 283.2 |  |  |  |  |
Total revenue | $ | 1,890.6 |  |  | $ | 1,696.2 |  |  |  |  |
Summary of Contract Assets and Liabilities | The following information summarizes the Company’s contract assets and liabilities (in millions):
| As of
| March 31, 2024 |  | December 31, 2023
Contract assets | $ | 17.4 |  |  | $ | 20.2 |
Deferred revenue | $ | 487.7 |  |  | $ | 491.7 |
Sales-type Lease Revenue | The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Sales-type lease revenue | $ | 13.3 |  |  | $ | 23.0 |  |  |  |  |
Operating lease revenue* | $ | 148.0 |  |  | $ | 112.0 |  |  |  |  |
*Variable lease revenue related to usage-based arrangements included within operating lease revenue | $ | 70.0 |  |  | $ | 46.0 |  |  |  |  |
Operating Lease Revenue | The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Sales-type lease revenue | $ | 13.3 |  |  | $ | 23.0 |  |  |  |  |
Operating lease revenue* | $ | 148.0 |  |  | $ | 112.0 |  |  |  |  |
*Variable lease revenue related to usage-based arrangements included within operating lease revenue | $ | 70.0 |  |  | $ | 46.0 |  |  |  |  |

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