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REVENUE AND CONTRACT ACQUISITION COSTS (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Disaggregated by Types and Geography The following table presents revenue disaggregated by geography and type (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
U.S.2026202520262025
Instruments and accessories$1,247.9 $1,062.0 $3,550.1 $3,043.1 
Systems505.5 397.5 1,327.4 1,087.4 
Service309.6 258.1 902.0 754.7 
Total U.S. revenue
$2,063.0 $1,717.6 $5,779.5 $4,885.2 
Outside of the U.S. (“OUS”)
Instruments and accessories$549.5 $456.8 $1,668.6 $1,317.5 
Systems263.6 192.9 777.4 600.4 
Service172.6 137.8 486.3 395.4 
Total OUS revenue
$985.7 $787.5 $2,932.3 $2,313.3 
Total
Instruments and accessories$1,797.4 $1,518.8 $5,218.7 $4,360.6 
Systems769.1 590.4 2,104.8 1,687.8 
Service482.2 395.9 1,388.3 1,150.1 
Total revenue
$3,048.7 $2,505.1 $8,711.8 $7,198.5 
Summary of Contract Assets and Liabilities
The following information summarizes the Company’s contract assets and liabilities (in millions):
As of
September 30, 2026December 31, 2025
Contract assets$33.8 $15.3 
Deferred revenue (1)
669.4 598.1 
(1) On March 1, 2026, in connection with the acquisition of a business, the Company acquired deferred revenue of $20.0 million. Refer to Note 7 for further information.
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,
2026202520262025
Sales-type lease revenue$25.3 $30.9 $78.8 $72.5 
Operating lease revenue*275.0 223.0 787.0 632.0 
*Variable lease revenue included within operating lease revenue, primarily related to usage-based arrangements$177.8 $138.3 $503.8 $380.0 
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,
2026202520262025
Sales-type lease revenue$25.3 $30.9 $78.8 $72.5 
Operating lease revenue*275.0 223.0 787.0 632.0 
*Variable lease revenue included within operating lease revenue, primarily related to usage-based arrangements$177.8 $138.3 $503.8 $380.0