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BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION (Tables)
9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounts Receivable, Net
 As of
Accounts receivable, netSeptember 30,
2024
December 31,
2023
Trade accounts receivable, net$984.7 $1,042.2 
Unbilled accounts receivable and other191.9 105.0 
Sales returns and allowances(23.6)(17.0)
Total accounts receivable, net$1,153.0 $1,130.2 
Inventory
As of
InventorySeptember 30,
2024
December 31,
2023
Raw materials$522.6 $454.7 
Work-in-process214.9 159.9 
Finished goods744.2 606.0 
Total inventory$1,481.7 $1,220.6 
Prepaids and Other Current Assets
As of
Prepaids and other current assetsSeptember 30,
2024
December 31,
2023
Net investment in sales-type leases – short-term$137.0 $137.3 
Other prepaids and other current assets212.2 176.7 
Total prepaids and other current assets$349.2 $314.0 
Property, Plant, and Equipment, Net
 As of
Property, plant, and equipment, netSeptember 30,
2024
December 31,
2023
Land$464.1 $457.3 
Building and building/leasehold improvements1,428.5 1,002.1 
Machinery and equipment859.2 724.2 
Operating lease assets – Intuitive System Leasing1,455.1 1,149.7 
Computer and office equipment173.4 153.8 
Capitalized software280.7 257.8 
Construction-in-process1,583.5 1,354.7 
Gross property, plant, and equipment6,244.5 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-termSeptember 30,
2024
December 31,
2023
Income and other taxes payable$164.6 $111.4 
Accrued construction-related capital expenditures178.5 143.3 
Other accrued liabilities311.5 332.8 
Total other accrued liabilities – short-term$654.6 $587.5 
Other Long-term Liabilities
As of
Other long-term liabilitiesSeptember 30,
2024
December 31,
2023
Income taxes – long-term$202.8 $233.8 
Deferred revenue – long-term59.6 45.6 
Other long-term liabilities126.7 106.1 
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,
20242023
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