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Revenue and Contract Acquisition Costs (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | 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 |  |  |  |  |
Schedules of Concentration of Risk | 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. The percentages of total net accounts receivable trade for customers that represent 10% or more of total net accounts receivable trade were as follows:
| September 30, 2024 |  | December 31, 2023
Distributor A | 34 | % |  | 35 | %
Distributor B | 26 | % |  | 25 | %
Distributor C | 14 | % |  | 18 | %
Schedule of Deferred Revenue | 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 |
Schedule of Contract Acquisition Costs | 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 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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