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Business Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Revenue from External Customers by Geographic Areas | The following table sets forth revenue by our two primary geographical markets, the United States and International, based on the geographic location to which we deliver the components, for the periods shown:
| Twelve Months Ended December 31,
| 2024 |  | 2023 |  | 2022
(In millions) | Amount |  | % of Total |  | Amount |  | % of Total |  | Amount |  | % of Total
United States | $ | 2,889.8 |  |  | 72 | % |  | $ | 2,625.3 |  |  | 72 | % |  | $ | 2,142.0 |  |  | 74 | %
International | 1,143.2 |  |  | 28 | % |  | 997.0 |  |  | 28 | % |  | 767.8 |  |  | 26 | %
Total revenue | $ | 4,033.0 |  |  | 100 | % |  | $ | 3,622.3 |  |  | 100 | % |  | $ | 2,909.8 |  |  | 100 | %
The following table presents our long-lived assets, which consists of property and equipment, net, and operating lease right-of-use assets by geographic region:
| December 31,
(In millions) | 2024 |  | 2023
United States | $ | 464.6 |  |  | $ | 544.1 |
Malaysia | 632.1 |  |  | 515.4 |
Other countries (1) | 306.0 |  |  | 125.0 |
Total long-lived assets | $ | 1,402.7 |  |  | $ | 1,184.5 |
(1) No other individual country represented more than 10% of long-lived assets for the periods presented, except for Ireland with $185.7 million of long-lived assets at December 31, 2024.
Schedule of Disaggregation of Revenue | The following table sets forth revenue by major sales channel for the twelve months ended December 31, 2024, 2023 and 2022:
| Twelve Months Ended December 31,
2024 |  | 2023 |  | 2022
(In millions) | Amount |  | % of Total |  | Amount |  | % of Total |  | Amount |  | % of Total
Distributor | $ | 3,430.1 |  |  | 85 | % |  | $ | 3,095.6 |  |  | 85 | % |  | $ | 2,470.8 |  |  | 85 | %
Direct | 602.9 |  |  | 15 | % |  | 526.7 |  |  | 15 | % |  | 439.0 |  |  | 15 | %
Total revenue | $ | 4,033.0 |  |  | 100 | % |  | $ | 3,622.3 |  |  | 100 | % |  | $ | 2,909.8 |  |  | 100 | %
Schedule of Segment Revenue, Segment Profit or Loss, and Significant Segment Expenses | The following table sets forth our segment information for revenue, measures of segment profit or loss, and significant expenses:
|  | Twelve Months Ended December 31,
(In millions) |  | 2024 |  | 2023 |  | 2022
Revenue |  | $ | 4,033.0 |  |  | $ | 3,622.3 |  |  | $ | 2,909.8 |
Less: |  |  |  |  |  |
Cost of sales (1) |  | 1,594.8 |  |  | 1,333.4 |  |  | 1,026.7 |
Payroll related expenses |  | 767.1 |  |  | 726.9 |  |  | 621.1 |
Stock-based compensation expense |  | 156.0 |  |  | 136.2 |  |  | 115.4 |
Marketing expense |  | 298.7 |  |  | 264.6 |  |  | 228.3 |
Travel related expenses |  | 64.8 |  |  | 55.3 |  |  | 37.6 |
Supply expenses and clinical trials |  | 64.5 |  |  | 46.5 |  |  | 50.3 |
Consulting & professional fees |  | 227.8 |  |  | 222.2 |  |  | 196.4 |
Equipment, office & facility expenses |  | 83.8 |  |  | 84.7 |  |  | 80.3 |
IT software and data |  | 130.6 |  |  | 106.6 |  |  | 86.5 |
Depreciation and amortization |  | 39.9 |  |  | 41.9 |  |  | 46.7 |
Other segment items (2) |  | 5.0 |  |  | 6.3 |  |  | 29.3 |
Operating income |  | 600.0 |  |  | 597.7 |  |  | 391.2 |
Other income (expense), net |  | 109.0 |  |  | 112.7 |  |  | (0.4) |
Income before income taxes |  | 709.0 |  |  | 710.4 |  |  | 390.8 |
Income tax expense |  | 132.8 |  |  | 168.9 |  |  | 49.6 |
Net income |  | $ | 576.2 |  |  | $ | 541.5 |  |  | $ | 341.2 |
(1) Includes amounts stated in other significant expense captions.
(2) Other segment items are primarily composed of impairment of assets and bad debt expense.
|  | Twelve Months Ended December 31,
(In millions) |  | 2024 |  | 2023 |  | 2022
Other segment disclosures |  |  |  |  |  |
Depreciation and amortization (1) |  | $ | 217.7 |  |  | $ | 186.0 |  |  | $ | 155.9 |
Expenditures for long-lived assets |  | $ | 358.8 |  |  | $ | 236.6 |  |  | $ | 364.8 |
Significant noncash items other than depreciation and amortization expense: |  |  |  |  |  |
Deferred income taxes |  | $ | 43.8 |  |  | $ | 55.0 |  |  | $ | 21.6 |
(1) Includes depreciation and amortization recorded in both cost of sales and operating expenses.

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