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REVENUE AND CONTRACT ACQUISITION COSTS (Tables)

3 Months Ended

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

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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
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-Section 50
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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

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-Section 50
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