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Revenue (Tables) | 9 Months Ended
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Sep. 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue by Segment: |  |  |  |  |  |  |  |  |  |  |  |
BSI BioSpin |  | $ | 233.0 |  |  | $ | 198.3 |  |  | $ | 633.3 |  |  | $ | 540.6 |
BSI CALID |  |  | 279.4 |  |  |  | 239.3 |  |  |  | 772.9 |  |  |  | 703.2 |
BSI NANO |  |  | 287.1 |  |  |  | 238.7 |  |  |  | 780.0 |  |  |  | 673.4 |
BEST |  |  | 68.7 |  |  |  | 70.6 |  |  |  | 210.9 |  |  |  | 205.5 |
Eliminations (a) |  |  | (3.8 | ) |  |  | (4.1 | ) |  |  | (10.3 | ) |  |  | (12.7 | )
Total revenue |  | $ | 864.4 |  |  | $ | 742.8 |  |  | $ | 2,386.8 |  |  | $ | 2,110.0 |
(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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue recognized at a point in time |  | $ | 741.5 |  |  | $ | 643.1 |  |  | $ | 2,036.5 |  |  | $ | 1,828.5 |
Revenue recognized over time |  |  | 122.9 |  |  |  | 99.7 |  |  |  | 350.3 |  |  |  | 281.5 |
Total revenue |  | $ | 864.4 |  |  | $ | 742.8 |  |  | $ | 2,386.8 |  |  | $ | 2,110.0 |
The following table presents the Company’s revenue by End Customer Geography (in millions):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue by End Customer Geography: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 239.0 |  |  | $ | 211.1 |  |  | $ | 677.5 |  |  | $ | 565.5 |
Germany |  |  | 74.3 |  |  |  | 78.0 |  |  |  | 224.6 |  |  |  | 202.1 |
Rest of Europe |  |  | 215.6 |  |  |  | 174.0 |  |  |  | 586.0 |  |  |  | 495.0 |
China |  |  | 121.3 |  |  |  | 136.7 |  |  |  | 357.4 |  |  |  | 360.8 |
Rest of Asia Pacific |  |  | 141.1 |  |  |  | 92.6 |  |  |  | 354.3 |  |  |  | 332.0 |
Other |  |  | 73.1 |  |  |  | 50.4 |  |  |  | 187.0 |  |  |  | 154.6 |
Total revenue |  | $ | 864.4 |  |  | $ | 742.8 |  |  | $ | 2,386.8 |  |  | $ | 2,110.0 |

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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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