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Consolidated Financial Statement Details | 12 Months Ended
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Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Consolidated Financial Statement Details | CONSOLIDATED FINANCIAL STATEMENT DETAILS Balance Sheet Details The following tables provide details of selected consolidated financial statement items (in millions):
| December 31,
Accounts receivable, net | 2024 |  | 2023
Trade accounts receivable, net | $ | 1,117.2 |  |  | $ | 1,042.2 |
Unbilled accounts receivable and other | 138.7 |  |  | 105.0 |
Sales returns and allowances | (30.5) |  |  | (17.0) |
Total accounts receivable, net | $ | 1,225.4 |  |  | $ | 1,130.2 |
| December 31,
Inventory | 2024 |  | 2023
Raw materials | $ | 563.9 |  |  | $ | 454.7 |
Work-in-process | 205.7 |  |  | 159.9 |
Finished goods | 717.6 |  |  | 606.0 |
Total inventory | $ | 1,487.2 |  |  | $ | 1,220.6 |
| December 31,
Prepaids and other current assets | 2024 |  | 2023
Net investment in sales-type leases – short-term | 131.4 |  |  | 137.3 |
Other prepaids and other current assets | 253.7 |  |  | 176.7 |
Total prepaids and other current assets | $ | 385.1 |  |  | $ | 314.0 |
| December 31,
Property, plant, and equipment, net | 2024 |  | 2023
Land | $ | 476.4 |  |  | $ | 457.3 |
Building and building/leasehold improvements | 1,486.3 |  |  | 1,002.1 |
Machinery and equipment | 886.3 |  |  | 724.2 |
Operating lease assets – Intuitive System Leasing | 1,579.1 |  |  | 1,149.7 |
Computer and office equipment | 184.5 |  |  | 153.8 |
Capitalized software | 283.7 |  |  | 257.8 |
Construction-in-process | 1,631.6 |  |  | 1,354.7 |
Gross property, plant, and equipment | 6,527.9 |  |  | 5,099.6 |
Less: Accumulated depreciation* | (1,881.3) |  |  | (1,562.0) |
Total property, plant, and equipment, net | $ | 4,646.6 |  |  | $ | 3,537.6 |
*Accumulated depreciation associated with operating lease assets – Intuitive System Leasing | $ | (574.5) |  |  | $ | (434.3) |
| December 31,
Implementation costs in cloud computing arrangements | 2023 |  | 2022
Capitalized implementation costs | $ | 67.6 |  |  | $ | 50.7 |
Less: Accumulated depreciation | (31.1) |  |  | (20.5) |
Total capitalized implementation costs in intangible and other assets, net | $ | 36.5 |  |  | $ | 30.2 |
| December 31,
Other accrued liabilities – short-term | 2024 |  | 2023
Income and other taxes payable | $ | 154.4 |  |  | $ | 111.4 |
Accrued construction-related capital expenditures | 57.2 |  |  | 143.3 |
Other accrued liabilities | 335.9 |  |  | 332.8 |
Total other accrued liabilities – short-term | $ | 547.5 |  |  | $ | 587.5 |
| December 31,
Other long-term liabilities | 2024 |  | 2023
Income taxes – long-term | $ | 239.0 |  |  | $ | 233.8 |
Deferred revenue – long-term | 54.1 |  |  | 45.6 |
Other long-term liabilities | 175.2 |  |  | 106.1 |
Total other long-term liabilities | $ | 468.3 |  |  | $ | 385.5 |
Supplemental Cash Flow Information The following table provides supplemental non-cash investing and financing activities (in millions):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Income taxes paid, net | $ | 466.5 |  |  | $ | 447.8 |  |  | $ | 444.2 |
Supplemental non-cash investing and financing activities: |  |  |  |  |
Equipment transfers, including operating lease assets, from inventory to property, plant, and equipment | $ | 614.9 |  |  | $ | 422.4 |  |  | $ | 279.2 |
Acquisition of property, plant, and equipment in accounts payable and accrued liabilities | $ | 77.2 |  |  | $ | 153.7 |  |  | $ | 73.4 |

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