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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of revenue disaggregated by Group, end customer geographical location and timing of recognition | The following table present the Company’s revenues by Segment (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue by Segment: |  |  |  |  |  |  |  |  |  |  |  |
BSI BioSpin |  | $ | 217.5 |  |  | $ | 162.0 |  |  | $ | 400.3 |  |  | $ | 342.3 |
BSI CALID |  |  | 265.6 |  |  |  | 227.2 |  |  |  | 493.5 |  |  |  | 463.9 |
BSI Nano |  |  | 252.5 |  |  |  | 225.1 |  |  |  | 492.9 |  |  |  | 434.7 |
BEST |  |  | 69.1 |  |  |  | 72.7 |  |  |  | 142.2 |  |  |  | 134.9 |
Eliminations (a) |  |  | (4.0 | ) |  |  | (5.1 | ) |  |  | (6.5 | ) |  |  | (8.6 | )
Total revenue |  | $ | 800.7 |  |  | $ | 681.9 |  |  | $ | 1,522.4 |  |  | $ | 1,367.2 |
(a) Represents product and service revenue between reportable segments. Revenue for the Company recognized at a point in time versus over time is as follows (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue recognized at a point in time |  | $ | 686.5 |  |  | $ | 586.7 |  |  | $ | 1,295.0 |  |  | $ | 1,185.4 |
Revenue recognized over time |  |  | 114.2 |  |  |  | 95.2 |  |  |  | 227.4 |  |  |  | 181.8 |
Total revenue |  | $ | 800.7 |  |  | $ | 681.9 |  |  | $ | 1,522.4 |  |  | $ | 1,367.2 |
The following table presents the Company’s revenue by End Customer Geography (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue by End Customer Geography: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 243.7 |  |  | $ | 179.3 |  |  | $ | 438.5 |  |  | $ | 354.4 |
Germany |  |  | 83.5 |  |  |  | 61.5 |  |  |  | 150.3 |  |  |  | 124.1 |
Rest of Europe |  |  | 192.3 |  |  |  | 161.2 |  |  |  | 370.4 |  |  |  | 321.0 |
China |  |  | 120.4 |  |  |  | 116.5 |  |  |  | 236.1 |  |  |  | 224.1 |
Rest of Asia Pacific |  |  | 106.2 |  |  |  | 106.8 |  |  |  | 213.2 |  |  |  | 239.4 |
Other |  |  | 54.6 |  |  |  | 56.6 |  |  |  | 113.9 |  |  |  | 104.2 |
Total revenue |  | $ | 800.7 |  |  | $ | 681.9 |  |  | $ | 1,522.4 |  |  | $ | 1,367.2 |

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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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