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REVENUE AND CONTRACT ACQUISITION COSTS (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
U.S.2025202420252024
Instruments and accessories$1,017.3 $891.4 $1,981.1 $1,713.8 
Systems354.0 224.3 689.9 436.8 
Service
258.1 203.5 496.6 407.1 
Total U.S. revenue
$1,629.4 $1,319.2 $3,167.6 $2,557.7 
Outside of the U.S. (“OUS”)
Instruments and accessories$456.8 $353.0 $860.7 $689.5 
Systems220.7 223.9 407.5 429.6 
Service
133.1 113.8 257.6 223.7 
Total OUS revenue
$810.6 $690.7 $1,525.8 $1,342.8 
Total
Instruments and accessories$1,474.1 $1,244.4 $2,841.8 $2,403.3 
Systems574.7 448.2 1,097.4 866.4 
Service
391.2 317.3 754.2 630.8 
Total revenue
$2,440.0 $2,009.9 $4,693.4 $3,900.5 
Summary of Contract Assets and Liabilities
The following information summarizes the Company’s contract assets and liabilities (in millions):
As of
 June 30, 2025December 31, 2024
Contract assets$20.9 $13.9 
Deferred revenue$571.7 $522.9 
Sales-type Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Sales-type lease revenue$15.1 $45.1 $41.6 $58.4 
Operating lease revenue*$213.8 $156.9 $409.0 $304.9 
*Variable lease revenue related to usage-based arrangements included within operating lease revenue
$130.0 $80.1 $241.7 $150.1 
Operating Lease Revenue
The following table presents product revenue from Intuitive System Leasing arrangements (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Sales-type lease revenue$15.1 $45.1 $41.6 $58.4 
Operating lease revenue*$213.8 $156.9 $409.0 $304.9 
*Variable lease revenue related to usage-based arrangements included within operating lease revenue
$130.0 $80.1 $241.7 $150.1