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Revenue (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 presents the approximate percentage of our net sales by market group:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Biologics | 40 % |  | 40 % |  | 38 % |  | 37 %
Generics | 18 % |  | 19 % |  | 17 % |  | 20 %
Pharma | 23 % |  | 22 % |  | 25 % |  | 24 %
Contract-Manufactured Products | 19 % |  | 19 % |  | 20 % |  | 19 %
| 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,
| 2024 |  | 2023 |  | 2024 |  | 2023
High-Value Product ("HVP") Components | 45 % |  | 50 % |  | 46 % |  | 50 %
High-Value Product ("HVP") Delivery Devices | 16 % |  | 11 % |  | 12 % |  | 10 %
Standard Packaging | 20 % |  | 20 % |  | 22 % |  | 21 %
Contract-Manufactured Products | 19 % |  | 19 % |  | 20 % |  | 19 %
| 100 % |  | 100 % |  | 100 % |  | 100 %
The following table presents the approximate percentage of our net sales by geographic location:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Americas | 48 % |  | 46 % |  | 44 % |  | 45 %
Europe, Middle East, Africa | 44 % |  | 46 % |  | 47 % |  | 46 %
Asia Pacific | 8 % |  | 8 % |  | 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:
| ($ in millions)
Contract assets, December 31, 2023 | $ | 21.5 |
Contract assets, September 30, 2024 | 42.3 |
Change in contract assets - increase (decrease) | $ | 20.8 |
Deferred income, December 31, 2023 | $ | (53.9) |
Deferred income, September 30, 2024 | (53.8) |
Change in deferred income - decrease (increase) | $ | 0.1 |

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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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