v3.26.1
REVENUES (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Contract Asset
The following table summarizes our contract assets:
(in millions)June 30,
2026		December 31,
2025
Contract manufacturing services$3 $3 
Software sales27 34 
Bundled equipment and consumable medical products contracts92 110 
Contract assets$122 $147 
The following table summarizes contract liability activity for the six months ended June 30, 2026 and 2025. The contract liability balance represents the transaction price allocated to the remaining performance obligations.
Six Months Ended June 30,
(in millions)
2026
2025
Balance at beginning of period$177 $171 
New revenue deferrals306 258 
Revenue recognized upon satisfaction of performance obligations(317)(250)
Currency translation and other— (1)
Balance at end of period$166 $178 
The following table summarizes the classification of contract assets and contract liabilities as reported in the condensed consolidated balance sheets:
(in millions)June 30,
2026		December 31,
2025
Prepaid expenses and other current assets$64 $71 
Other non-current assets58 76 
Contract assets$122 $147 
Accrued expenses and other current liabilities$131 $141 
Other non-current liabilities35 36 
Contract liabilities$166 $177 
Sales-type Lease, Lease Income
The components of lease revenue for the three and six months ended June 30, 2026 and 2025 were:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Sales-type lease revenue$1 $— $4 $8 
Operating lease revenue85 87 175 178 
Variable lease revenue7 8 14 15 
Total lease revenue$93 $95 $193 $201 
Operating Lease, Lease Income
The components of lease revenue for the three and six months ended June 30, 2026 and 2025 were:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Sales-type lease revenue$1 $— $4 $8 
Operating lease revenue85 87 175 178 
Variable lease revenue7 8 14 15 
Total lease revenue$93 $95 $193 $201