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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents the approximate percentage of our net sales by market group:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Biologics | 40 % |  | 41 % |  | 37 % |  | 42 %
Generics | 19 % |  | 18 % |  | 20 % |  | 18 %
Pharma | 22 % |  | 24 % |  | 24 % |  | 24 %
Contract-Manufactured Products | 19 % |  | 17 % |  | 19 % |  | 16 %
| 100 % |  | 100 % |  | 100 % |  | 100 %
The following table presents the approximate percentage of our net sales by product category:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
High-Value Product Components | 50 % |  | 54 % |  | 50 % |  | 56 %
High-Value Product Delivery Devices | 11 % |  | 6 % |  | 10 % |  | 5 %
Standard Packaging | 20 % |  | 23 % |  | 21 % |  | 23 %
Contract-Manufactured Products | 19 % |  | 17 % |  | 19 % |  | 16 %
| 100 % |  | 100 % |  | 100 % |  | 100 %
Due to the Company's reassessment of product categories, beginning in the second quarter of 2023, certain product types have been moved from High-Value Product Components to High-Value Product Delivery Devices. No adjustments were made to the product categorization prior to the second quarter of 2023. The following table presents the approximate percentage of our net sales by geographic location:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Americas | 46 % |  | 53 % |  | 45 % |  | 48 %
Europe, Middle East, Africa | 46 % |  | 38 % |  | 46 % |  | 43 %
Asia Pacific | 8 % |  | 9 % |  | 9 % |  | 9 %
| 100 % |  | 100 % |  | 100 % |  | 100 %
Schedule of Change in Contract with Customer, Asset and Liability | The following table summarizes our contract assets and liabilities, excluding amounts included in accounts receivable, net:
| ($ in millions)
Contract assets, December 31, 2022 | $ | 16.3 |
Contract assets, September 30, 2023 | 19.9 |
Change in contract assets - increase (decrease) | $ | 3.6 |
Deferred income, December 31, 2022 | $ | (68.2) |
Deferred income, September 30, 2023 | (50.0) |
Change in deferred income - decrease (increase) | $ | 18.2 |

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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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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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