XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.1
REVENUE AND CONTRACT ACQUISITION COSTS (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Disaggregated by Types and Geography The following table presents revenue disaggregated by geography and type (in millions):
Three Months Ended March 31,
U.S.20252024
Instruments and accessories$963.8 $822.4 
Systems335.9 212.5 
Service
238.5 203.6 
Total U.S. revenue
$1,538.2 $1,238.5 
Outside of the U.S. (“OUS”)
Instruments and accessories$403.9 $336.5 
Systems186.8 205.7 
Service
124.5 109.9 
Total OUS revenue
$715.2 $652.1 
Total
Instruments and accessories$1,367.7 $1,158.9 
Systems522.7 418.2 
Service
363.0 313.5 
Total revenue
$2,253.4 $1,890.6 
Summary of Contract Assets and Liabilities
The following information summarizes the Company’s contract assets and liabilities (in millions):
As of
 March 31, 2025December 31, 2024
Contract assets$19.9 $13.9 
Deferred revenue$559.9 $522.9 
Sales-type Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended March 31,
20252024
Sales-type lease revenue$26.5 $13.3 
Operating lease revenue*$195.2 $148.0 
*Variable lease revenue related to usage-based arrangements included within operating lease revenue
$111.7 $70.0 
Operating Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended March 31,
20252024
Sales-type lease revenue$26.5 $13.3 
Operating lease revenue*$195.2 $148.0 
*Variable lease revenue related to usage-based arrangements included within operating lease revenue
$111.7 $70.0