Revenue (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of revenue disaggregated by Group, end customer geographical location and timing of recognition

The following table presents the Company’s revenue by Segment (in millions):

	Three Months Ended March 31,
	2024			2023
Revenue by Segment:
BSI BioSpin	$	182.8		$	180.3
BSI CALID		227.9			236.7
BSI NANO		240.4			209.6
BEST		73.1			62.2
Eliminations (a)		(2.5	)		(3.5	)
Total revenue	$	721.7		$	685.3

(a)Represents corporate costs and eliminations not allocated to the reportable segments.

Revenue for the Company recognized at a point in time versus over time is as follows (in millions):

	Three Months Ended March 31,
	2024		2023
Revenue recognized at a point in time	$	608.5	$	598.7
Revenue recognized over time		113.2		86.6
Total revenue	$	721.7	$	685.3

The following table presents the Company’s revenue by End Customer Geography (in millions):

	Three Months Ended March 31,
	2024		2023
Revenue by End Customer Geography:
United States	$	194.8	$	175.1
Germany		66.8		62.6
Rest of Europe		178.1		159.8
China		115.7		107.6
Rest of Asia Pacific		107.0		132.6
Other		59.3		47.6
Total revenue	$	721.7	$	685.3