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BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION
9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION
Balance Sheet Details
The following tables provide details of selected Condensed Consolidated Balance Sheet line items (in millions):
 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 
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 
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 
 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)
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 
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