REVENUE AND CONTRACT ACQUISITION COSTS (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue Disaggregated by Types and Geography

The following table presents revenue disaggregated by type and geography (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
U.S.	2023		2022		2023		2022
Instruments and accessories	$	775.7	$	643.3	$	2,240.4	$	1,819.0
Systems	216.0		264.7		627.6		731.0
Services	188.5		175.0		564.6		508.9
Total U.S. revenue	$	1,180.2	$	1,083.0	$	3,432.6	$	3,058.9
Outside of U.S. (“OUS”)
Instruments and accessories	$	295.7	$	228.3	$	892.5	$	758.2
Systems	163.4		161.2		571.9		498.1
Services	104.4		84.9		298.8		252.0
Total OUS revenue	$	563.5	$	474.4	$	1,763.2	$	1,508.3
Total
Instruments and accessories	$	1,071.4	$	871.6	$	3,132.9	$	2,577.2
Systems	379.4		425.9		1,199.5		1,229.1
Services	292.9		259.9		863.4		760.9
Total revenue	$	1,743.7	$	1,557.4	$	5,195.8	$	4,567.2

Summary of Contract Assets and Liabilities

The following information summarizes the Company’s contract assets and liabilities (in millions):

	As of
	September 30, 2023		December 31, 2022
Contract assets	$	22.7	$	45.0
Deferred revenue	$	437.3	$	438.3

Sales-type Lease Revenue

The following table presents product revenue from Intuitive System Leasing arrangements (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Sales-type lease revenue	$	19.2	$	29.6	$	54.5	$	115.3
Operating lease revenue*	$	127.1	$	97.5	$	361.8	$	273.7
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue	$	54.2	$	35.5	$	153.4	$	94.0

Operating Lease Revenue

The following table presents product revenue from Intuitive System Leasing arrangements (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Sales-type lease revenue	$	19.2	$	29.6	$	54.5	$	115.3
Operating lease revenue*	$	127.1	$	97.5	$	361.8	$	273.7
*Variable lease revenue relating to usage-based arrangements included within operating lease revenue	$	54.2	$	35.5	$	153.4	$	94.0