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Revenue and Contract Acquisition Costs | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenue and Contract Acquisition Costs | Revenue and Contract Acquisition Costs The following table summarizes the Company’s disaggregated revenue:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
U.S. Omnipod | $ | 395.6 |  |  | $ | 320.6 |  |  | $ | 1,065.6 |  |  | $ | 856.4 |  |  |  |  |
International Omnipod | 138.0 |  |  | 101.4 |  |  | 381.4 |  |  | 303.7 |  |  |  |  |
Total Omnipod products | 533.6 |  |  | 422.0 |  |  | 1,447.0 |  |  | 1,160.1 |  |  |  |  |
Drug Delivery | 10.3 |  |  | 10.7 |  |  | 27.1 |  |  | 27.2 |  |  |  |  |
Total revenue | $ | 543.9 |  |  | $ | 432.7 |  |  | $ | 1,474.1 |  |  | $ | 1,187.3 |  |  |  |  |
The percentages of total revenue for customers that represent 10% or more of total revenue were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Distributor A | 30 | % |  | 26 | % |  | 28 | % |  | 27 | %
Distributor B | 25 | % |  | 23 | % |  | 27 | % |  | 23 | %
Distributor C | 19 | % |  | 21 | % |  | 22 | % |  | 18 | %
Distributor D | * |  | 11 | % |  | * |  | *
* Represents less than 10% of revenue for the period. Deferred revenue related to unsatisfied performance obligations was included in the following consolidated balance sheet accounts in the amounts shown:
(in millions) | September 30, 2024 |  | December 31, 2023
Accrued expenses and other current liabilities | $ | 22.8 |  |  | $ | 15.4 |
Other liabilities | 2.0 |  |  | 1.9 |
Total deferred revenue | $ | 24.8 |  |  | $ | 17.3 |
Revenue recognized from amounts included in deferred revenue at the beginning of each respective period was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Deferred revenue recognized | $ | 2.6 |  |  | $ | 3.0 |  |  | $ | 9.7 |  |  | $ | 15.2 |
Contract acquisition costs, representing capitalized commission costs related to new customers, net of amortization, were included in the following consolidated balance sheet captions in the amounts shown:
(in millions) | September 30, 2024 |  | December 31, 2023
Prepaid expenses and other current assets | $ | 19.3 |  |  | $ | 16.6 |
Other assets | 39.3 |  |  | 32.0 |
Total capitalized contract acquisition costs, net | $ | 58.6 |  |  | $ | 48.6 |
The Company recognized $4.6 million and $4.1 million of amortization of capitalized contract acquisition costs during the three months ended September 30, 2024 and 2023, respectively, and recognized $13.2 million and $12.1 million of amortization of capitalized contract acquisition costs during the nine months ended September 30, 2024 and 2023, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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