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REVENUE AND CONTRACT ACQUISITION COSTS (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
U.S.			2024						2023						2024						2023
Instruments and accessories			$	904.8					$	775.7					$	2,618.6					$	2,240.4
Systems			265.4						216.0						702.2						627.6
Service			209.2						188.5						616.3						564.6
Total U.S. revenue			$	1,379.4					$	1,180.2					$	3,937.1					$	3,432.6
Outside of the U.S. (“OUS”)
Instruments and accessories			$	359.4					$	295.7					$	1,048.9					$	892.5
Systems			179.6						163.4						609.2						571.9
Service			119.7						104.4						343.4						298.8
Total OUS revenue			$	658.7					$	563.5					$	2,001.5					$	1,763.2
Total
Instruments and accessories			$	1,264.2					$	1,071.4					$	3,667.5					$	3,132.9
Systems			445.0						379.4						1,311.4						1,199.5
Service			328.9						292.9						959.7						863.4
Total revenue			$	2,038.1					$	1,743.7					$	5,938.6					$	5,195.8

Summary of Contract Assets and Liabilities

The following information summarizes the Company’s contract assets and liabilities (in millions):

			As of
			September 30, 2024						December 31, 2023
Contract assets			$	17.7					$	20.2
Deferred revenue			$	485.6					$	491.7

Sales-type Lease Revenue

The following table presents product revenue from Intuitive System Leasing arrangements (in millions):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Sales-type lease revenue			$	30.2					$	19.2					$	88.6					$	54.5
Operating lease revenue*			$	167.8					$	127.1					$	472.7					$	361.8
*Variable lease revenue related to usage-based arrangements included within operating lease revenue			$	87.0					$	54.2					$	237.1					$	153.4

Operating Lease Revenue

The following table presents product revenue from Intuitive System Leasing arrangements (in millions):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Sales-type lease revenue			$	30.2					$	19.2					$	88.6					$	54.5
Operating lease revenue*			$	167.8					$	127.1					$	472.7					$	361.8
*Variable lease revenue related to usage-based arrangements included within operating lease revenue			$	87.0					$	54.2					$	237.1					$	153.4

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
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
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-Topic 606
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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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-Section 50
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-Publisher FASB
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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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