Other Financial Information (Tables)

9 Months Ended

Sep. 30, 2023

Other Financial Information [Abstract]

Schedule of Inventories

Total inventory consisted of the following (in millions):

	As of
	September 30, 2023		December 31, 2022
Production and service materials	$	721.3	$	479.6
Finished goods	293.2		163.3
Total inventory	$	1,014.5	$	642.9
Reported as:
Inventory	$	976.3	$	619.4
Other long-term assets (1)	38.2		23.5
Total inventory	$	1,014.5	$	642.9

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(1) Long-term inventory balance classified as other long-term assets in the Company's Condensed Consolidated Balance Sheets consists of last time buy component inventory to be consumed beyond twelve months.

Schedule of Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in millions):

	As of
	September 30, 2023		December 31, 2022
Contract manufacturer deposits	$	347.8	$	434.7
Prepaid expenses	123.2		104.3
Other current assets	109.6		141.0
Total prepaid expenses and other current assets	$	580.6	$	680.0

Schedule of Warranties

Changes during the nine months ended September 30, 2023 in the Company’s warranty reserve as reported within other accrued liabilities in the Condensed Consolidated Balance Sheets were as follows (in millions):

Balance as of December 31, 2022	$	29.5
Provisions made during the period	23.9
Actual costs incurred during the period	(24.0)
Balance as of September 30, 2023	$	29.4

Schedule of Deferred Revenue

Details of the Company's deferred revenue, as reported in the Condensed Consolidated Balance Sheets, were as follows (in millions):

	As of
	September 30, 2023		December 31, 2022
Deferred product revenue	$	88.5	$	108.8
Deferred service revenue	1,751.5		1,554.3
Total	$	1,840.0	$	1,663.1
Reported as:
Current	$	1,037.6	$	1,020.5
Long-term	802.4		642.6
Total	$	1,840.0	$	1,663.1

Schedule of Performance Obligation

The following table summarizes the breakdown of RPO as of September 30, 2023 and when the Company expects to recognize the amounts as revenue (in millions):

	Revenue Recognition Expected by Period
	Total		Less than 1 year		1-3 years		More than 3 years
Product	$	91.0	$	74.7	$	13.2	$	3.1
Service	1,761.4		975.1		595.8		190.5
Total	$	1,852.4	$	1,049.8	$	609.0	$	193.6

Schedule of Other Expense, Net

Other expense, net, consisted of the following (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest income	$	14.1	$	5.5	$	35.3	$	11.4
Interest expense	(20.5)		(15.2)		(59.4)		(41.1)
Gain (loss) on other investments, net (1) (2)	0.4		(1.2)		2.3		(10.2)
Other	1.2		1.9		0.8		4.0
Other expense, net	$	(4.8)	$	(9.0)	$	(21.0)	$	(35.9)

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(1) Other investments represent fixed income securities and equity investments with readily determinable fair value.

(2) The prior period amounts have been reclassified to conform to the current period presentation.