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REVENUE AND CONTRACT ACQUISITION COSTS (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
U.S.2024202320242023
Instruments and accessories$891.4 $763.3 $1,713.8 $1,464.7 
Systems224.3 189.8 436.8 411.6 
Services203.5 189.4 407.1 376.1 
Total U.S. revenue
$1,319.2 $1,142.5 $2,557.7 $2,252.4 
OUS
Instruments and accessories$353.0 $312.6 $689.5 $596.8 
Systems223.9 202.9 429.6 408.5 
Services113.8 97.9 223.7 194.4 
Total OUS revenue
$690.7 $613.4 $1,342.8 $1,199.7 
Total
Instruments and accessories$1,244.4 $1,075.9 $2,403.3 $2,061.5 
Systems448.2 392.7 866.4 820.1 
Services317.3 287.3 630.8 570.5 
Total revenue
$2,009.9 $1,755.9 $3,900.5 $3,452.1 
Summary of Contract Assets and Liabilities
The following information summarizes the Company’s contract assets and liabilities (in millions):
As of
 June 30, 2024December 31, 2023
Contract assets$16.7 $20.2 
Deferred revenue$477.4 $491.7 
Sales-type Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Sales-type lease revenue$45.1 $12.3 $58.4 $35.3 
Operating lease revenue*$156.9 $122.7 $304.9 $234.7 
*Variable lease revenue related to usage-based arrangements included within operating lease revenue
$80.1 $53.2 $150.1 $99.2 
Operating Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Sales-type lease revenue$45.1 $12.3 $58.4 $35.3 
Operating lease revenue*$156.9 $122.7 $304.9 $234.7 
*Variable lease revenue related to usage-based arrangements included within operating lease revenue
$80.1 $53.2 $150.1 $99.2