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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Contract Liabilities
Contract liabilities include self-insured maintenance and warranty contracts. Revenue is allocated to these
performance obligations and is recognized over time as services are provided to the customer. The amount of
revenue recognized is calculated, net of cancellations, using an input method, which most closely depicts
performance of the contracts. Our contract liability balances were $629.0 million and $410.4 million as of
September 30, 2025, and December 31, 2024, respectively; and we recognized $50.6 million and $129.3 million of
revenue in the three and nine months ended September 30, 2025 related to our contract liability balance at
December 31, 2024. Our contract liability balance is included in Accrued liabilities and Deferred revenue on the
Consolidated Balance Sheets.
Litigation
We are party to numerous legal proceedings arising in the normal course of our business. Although we do not
anticipate that the resolution of legal proceedings arising in the normal course of business will have a material
adverse effect on our business, results of operations, financial condition, or cash flows, we cannot predict this with
certainty.