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Consolidated Financial Statement Details
 12 Months Ended
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, net20242023
Trade accounts receivable, net$1,117.2 $1,042.2 
Unbilled accounts receivable and other138.7 105.0 
Sales returns and allowances(30.5)(17.0)
Total accounts receivable, net$1,225.4 $1,130.2 
 December 31,
Inventory20242023
Raw materials$563.9 $454.7 
Work-in-process205.7 159.9 
Finished goods717.6 606.0 
Total inventory$1,487.2 $1,220.6 
December 31,
Prepaids and other current assets20242023
Net investment in sales-type leases – short-term131.4 137.3 
Other prepaids and other current assets253.7 176.7 
Total prepaids and other current assets$385.1 $314.0 
 December 31,
Property, plant, and equipment, net20242023
Land$476.4 $457.3 
Building and building/leasehold improvements1,486.3 1,002.1 
Machinery and equipment886.3 724.2 
Operating lease assets – Intuitive System Leasing1,579.1 1,149.7 
Computer and office equipment184.5 153.8 
Capitalized software283.7 257.8 
Construction-in-process1,631.6 1,354.7 
Gross property, plant, and equipment6,527.9 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
20232022
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-term20242023
Income and other taxes payable$154.4 $111.4 
Accrued construction-related capital expenditures57.2 143.3 
Other accrued liabilities335.9 332.8 
Total other accrued liabilities – short-term$547.5 $587.5 
 December 31,
Other long-term liabilities20242023
Income taxes – long-term$239.0 $233.8 
Deferred revenue – long-term54.1 45.6 
Other long-term liabilities175.2 106.1 
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,
202420232022
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