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BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Accounts Receivable, Net |
| As of
Accounts receivable, net | September 30, 2024 |  | December 31, 2023
Trade accounts receivable, net | $ | 984.7 |  |  | $ | 1,042.2 |
Unbilled accounts receivable and other | 191.9 |  |  | 105.0 |
Sales returns and allowances | (23.6) |  |  | (17.0) |
Total accounts receivable, net | $ | 1,153.0 |  |  | $ | 1,130.2 |
Inventory |
| As of
Inventory | September 30, 2024 |  | December 31, 2023
Raw materials | $ | 522.6 |  |  | $ | 454.7 |
Work-in-process | 214.9 |  |  | 159.9 |
Finished goods | 744.2 |  |  | 606.0 |
Total inventory | $ | 1,481.7 |  |  | $ | 1,220.6 |
Prepaids and Other Current Assets |
| As of
Prepaids and other current assets | September 30, 2024 |  | December 31, 2023
Net investment in sales-type leases – short-term | $ | 137.0 |  |  | $ | 137.3 |
Other prepaids and other current assets | 212.2 |  |  | 176.7 |
Total prepaids and other current assets | $ | 349.2 |  |  | $ | 314.0 |
Property, Plant, and Equipment, Net |
| As of
Property, plant, and equipment, net | September 30, 2024 |  | December 31, 2023
Land | $ | 464.1 |  |  | $ | 457.3 |
Building and building/leasehold improvements | 1,428.5 |  |  | 1,002.1 |
Machinery and equipment | 859.2 |  |  | 724.2 |
Operating lease assets – Intuitive System Leasing | 1,455.1 |  |  | 1,149.7 |
Computer and office equipment | 173.4 |  |  | 153.8 |
Capitalized software | 280.7 |  |  | 257.8 |
Construction-in-process | 1,583.5 |  |  | 1,354.7 |
Gross property, plant, and equipment | 6,244.5 |  |  | 5,099.6 |
Less: Accumulated depreciation* | (1,811.5) |  |  | (1,562.0) |
Total property, plant, and equipment, net | $ | 4,433.0 |  |  | $ | 3,537.6 |
*Accumulated depreciation associated with operating lease assets – Intuitive System Leasing | $ | (526.1) |  |  | $ | (434.3) |
Other Accrued Liabilities - Short-term |
| As of
Other accrued liabilities – short-term | September 30, 2024 |  | December 31, 2023
Income and other taxes payable | $ | 164.6 |  |  | $ | 111.4 |
Accrued construction-related capital expenditures | 178.5 |  |  | 143.3 |
Other accrued liabilities | 311.5 |  |  | 332.8 |
Total other accrued liabilities – short-term | $ | 654.6 |  |  | $ | 587.5 |
Other Long-term Liabilities |
| As of
Other long-term liabilities | September 30, 2024 |  | December 31, 2023
Income taxes – long-term | $ | 202.8 |  |  | $ | 233.8 |
Deferred revenue – long-term | 59.6 |  |  | 45.6 |
Other long-term liabilities | 126.7 |  |  | 106.1 |
Total other long-term liabilities | $ | 389.1 |  |  | $ | 385.5 |
Supplemental Cash Flow Information | The following table provides supplemental non-cash investing and financing activities (in millions):
| Nine Months Ended September 30,
| 2024 |  | 2023
Equipment transfers, including operating lease assets, from inventory to property, plant, and equipment | $ | 423.8 |  |  | $ | 303.8 |
Acquisition of property, plant, and equipment in accounts payable and accrued liabilities | $ | 194.9 |  |  | $ | 135.2 |

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